REGISTERED NUMBER: 16385021 (England and Wales)

Director's Report and

Unaudited Financial Statements for the Period 14 April 2025 to 31 December 2025

for

Solarcore Power Ltd

Page

Company Information

1

Director's Report

2

Statement of Comprehensive Income

3

Statement of Financial Position

4

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTOR:

DEAGLAN O HALLMHURAIN

REGISTERED OFFICE:

168 Church Road

Hove

United Kingdom

East Sussex

BN3 2DL

REGISTERED NUMBER:

16385021 (England and Wales)

ACCOUNTANTS:

Quintas Energy UK Ltd

168 Church Road

Hove

East Sussex

United Kingdom

BN3 2DL

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

INCORPORATION

The company was incorporated on 14 April 2025 .

PRINCIPAL ACTIVITY

The Company did not trade during the period. Its intended principal activity is to act as an investment holding company.

DIRECTORS

The directors who held office during the period ending 31 December 2025:

Deaglán Padraic Ó Hallmhúráin (appointed 14 April 2025).

Tim McCarthy (appointed 14 April 2025, resigned 31 October 2025).

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.

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

3 August 2026

TURNOVER

-

Administrative expenses

(450

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(450

)

Tax on loss

-

LOSS FOR THE FINANCIAL PERIOD

(450

)

CURRENT ASSETS

Debtors: amounts falling due within one year

6

1

Cash at bank

150

TOTAL ASSETS LESS CURRENT LIABILITIES

151

CAPITAL AND RESERVES

Called up share capital

7

1

Capital contribution reserve

600

Retained earnings

(450

)

SHAREHOLDER FUNDS

151

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

The members have not required the company to obtain an audit of its financial statements for the period 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 3 August 2026 and were signed by:

DEAGLAN O HALLMHURAIN - Director

Called up

Capital

share

Retained

contribution

Total

capital

earnings

reserve

equity

£

£

£

£

Changes in equity

Deficit for the period

-

(450

)

-

(450

)

Total comprehensive income

-

(450

)

-

(450

)

Increase in share capital

1

-

-

1

Capital contribution

-

-

600

600

Balance at 31 December 2025

1

(450

)

600

151

1.	STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

The company is dependent on the continued financial support of its parent undertaking and fellow group undertaking. The directors have reviewed the company's forecast and cash flow requirements and have a reasonable expectation that adequate financial resources are available to enable the company to continue in operational existence for the foreseeable future.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the period comprises current and deferred tax. Current tax is recognised at the amount of tax payable in respect of the taxable profit for the period, using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. 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.

No current tax charge has arisen for the period. No deferred tax assets or liabilities have been recognised at 31 December 2025.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	CAPITAL CONTRIBUTION RESERVE

£

At the beginning of the period

-

Capital contribution received

600

At 31 December 2025

600

During the period, the Company received a non-repayable capital contribution of £600 from its parent undertaking, Quintas Power UK Holdco Limited.No shares or other equity instruments were issued in respect of the contribution. The amount has been recognised directly in equity within the capital contribution reserve.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Amounts receivable from parent undertaking in respect of share subscriptions

1

1

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

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Share capital 1

1

1

8.	CONTROLLING PARTY

The immediate parent undertaking of the Company is Quintas Power UK Holdco Limited, a Company incorporated in England and Wales with the 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 director holdings and holdings via entities under his control.