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REGISTERED NUMBER: 14063814 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Qc Pacificus Limited

Qc Pacificus Limited (Registered number: 14063814)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Income Statement | 4 |

Statement of Financial Position | 5 |

Notes to the Financial Statements | 6 |

Qc Pacificus Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | DEAGLAN O HALLMHURAIN

| REGISTERED OFFICE: | 168 Church Road

| Hove

| United Kingdom

| East Sussex

| BN3 2DL

| REGISTERED NUMBER: | 14063814 (England and Wales)

| ACCOUNTANTS: | Quintas Energy UK Ltd

| 168 Church Road

| Hove

| East Sussex

| United Kingdom

| BN3 2DL

Qc Pacificus Limited (Registered number: 14063814)

Report of the Director

for the Year Ended 31 December 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is the generation of electricity using solar technology, although the plant is in the development phase and no operational activity was carried out during the period.

REVIEW OF DEVELOPMENT

During the period under review, the Company’s profit and loss account includes bank fees, professional tax advisory fees, foreign exchange losses and interest expenses. All other expenses have been capitalised in accordance with normal FRS 102 practice, as they are directly attributable to the development of the project.

In line with FRS 102, a cost that is directly related to bringing an asset to the condition necessary for it to be capable of operating in the manner intended by management is capitalised, while only a cost not meeting the capitalisation criteria is recognised immediately in the profit and loss account.

DIRECTOR

The director shown below held office during the year ending 31 December 2025:

Deaglán Padraic Ó Hallmhúráin (appointed 22 April 2022)

POLITICAL DONATIONS AND EXPENDITURE

The company made no political donations in the current year.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume

that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANIES PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Qc Pacificus Limited (Registered number: 14063814)

Report of the Director

for the Year Ended 31 December 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

DEAGLAN O HALLMHURAIN - Director

30 July 2026

Qc Pacificus Limited (Registered number: 14063814)

Income Statement

for the Year Ended 31 December 2025

2025 | 2024 |

| £ | £

TURNOVER | - |  | - |  |

Administrative expenses | (5,910 | ) | (8,777 | ) |

OPERATING LOSS | (5,910 | ) | (8,777 | ) |

Interest payable and similar expenses | (10,577 | ) | - |  |

LOSS BEFORE TAXATION | (16,487 | ) | (8,777 | ) |

Tax on loss | - |  | - |  |

LOSS FOR THE FINANCIAL YEAR | (16,487 | ) | (8,777 | ) |

Qc Pacificus Limited (Registered number: 14063814)

Statement of Financial Position

31 December 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 1,430,005 |  | 792,078 |  |

CURRENT ASSETS

Debtors | 5 | 183,510 |  | 4,010 |  |

Cash at bank | 23,221 |  | 29,621 |  |

206,731 |  | 33,631 |  |

CREDITORS

Amounts falling due within one year | 6 | (96,989 | ) | (834,485 | ) |

NET CURRENT ASSETS/(LIABILITIES) | 109,742 |  | (800,854 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,539,747 |  | (8,776 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 5 |  | 1 |  |

Share premium | 1,565,006 |  | - |  |

Retained earnings | (25,264 | ) | (8,777 | ) |

SHAREHOLDERS' FUNDS | 1,539,747 |  | (8,776 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

DEAGLAN O HALLMHURAIN - Director

Qc Pacificus Limited (Registered number: 14063814)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Qc Pacificus Limited (14063814) is a private company, limited by shares, incorporated and domiciled in England. The address of the company's registered office is 168 Church Road, Hove, East Sussex, United Kingdom, BN3 2DL.

| The principal activity of the company during the period under review was the generation of electricity using solar technology, although the plant is on development phase and no activity was carried out during the period.

2. | ACCOUNTING POLICIES

| Basis of preparing

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

| The financial statements have been prepared under the historical cost convention.

| Going concern

| At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

| Tangible fixed assets

| Development costs directly attributable to the project are capitalised as tangible fixed assets while the project is under development. These assets are not depreciated until the project becomes available for use and starts commercial operations. Once operational, the assets will be depreciated over their estimated useful economic life.

| Financial instruments

| Financial instruments recognised on the Statement of Financial Position include current assets, cash at bank, accounts payable and creditors.

| Financial liabilities

| Accounts payable due within one year are initially recognised at fair value and include intercompany transactions with other group companies, since the plant is not yet operational and therefore does not generate income. As a result, the Company is financed by these group companies, as well as through the interest payable on loans provided by them.

| Capital and reserves

| Capital comprises the following:

| - "Called up share capital" which represents the nominal value of ordinary equity shares issued and called.

| Where financial instruments issued by the company do not have any features meeting the definition of a financial liability then such capital is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| Taxation

| Taxation for the period comprises current and deferred tax. Current tax is recognised at the amount of income taxes payable in respect of the taxable profit for the period, using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their recognition in tax returns.

| Deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits or the reversal of deferred tax liabilities. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date and expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled.

Qc Pacificus Limited (Registered number: 14063814)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| No current tax charge or deferred tax assets/liabilities have been recognised in the period, as the Company has not generated taxable profits and it is not considered probable at this stage that future taxable profits will be available against which to utilise tax losses carried forward.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was nil.

4. | TANGIBLE FIXED ASSETS

|  | Plant and machinery etc |

| £ |  |

| COST: |  |

| At 31st December 2024 |  | 792,078 |

| Additions |  | 637,927 |

| At 31st December 2025 |  | 1,430,005 |

| NET BOOK VALUE |  |

| At 31st December 2025 |  | 1,430,005 |

| At 31st December 2024 |  | 792,078 |

| The Company's property, plant and equipment under construction includes the development costs of the project to develop a photovoltaic power plant.

5. | DEBTORS

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| AMOUNTS FALLING DUE WITHIN ONE YEAR: |  |

| VAT |  | 4,702 |  |  | 4,009 |

| Amounts receivable from parent undertaking in respect of shares subscriptions |  | 178,808 |  |  | 1 |

|  | 183,510 |  |  | 4,010 |

| The balance represents amounts due from the immediate parent undertaking, Quintas Power UK Holdco Limited, in respect of share subscriptions in the Company.

| During the period, Quintas Power UK Holdco Limited subscribed for shares in the Company for an aggregate consideration of £1,386,202. Part of the subscription consideration was satisfied through settlement of existing intercompany balances and cash payments.

| At 31 December 2025, £178,808 remained outstanding and is included with debtors.

Qc Pacificus Limited (Registered number: 14063814)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

|  | 2025 |  | 2024 |

|  | £ |  | £ |

| Trade creditor |  | 22,424 |  | - |

| Accruals |  | 71,463 |  | - |

| Intercompany payable |  | 3,102 |  | 834,485 |

|  | 96,989 |  |  | 834,485

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 5 | Ordinary | £1.00 | 5 |  | 1 |  |

8. | ULTIMATE PARENT COMPANY

| The immediate parent undertaking of the company is Quintas Power UK Holdco Limited, a company incorporated in England and Wales with registered office at 168 Church Road, Hove, East Sussex, BN3 2DL, United Kingdom and registered number 15928871.

| The ultimate parent undertaking is Quintas Power Limited, a company incorporated in Ireland.

| The company is ultimately jointly controlled by Quintas Energy S.A., a company incorporated in Spain, and Mr. Patrick Hegarty through their interests in Quintas Power Limited.

| Mr. Patrick Hegarty’s interest is held through a combination of direct holdings and holdings via entities under his control.