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REGISTERED NUMBER: OC402280 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

EIDER SOLAR LLP

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

General Information | 1 |

Report of the Members | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 6 |

EIDER SOLAR LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DESIGNATED MEMBERS: | Bagnall Energy Limited

| Pbsolar & Biomass (NI) Limited

| REGISTERED OFFICE: | 10 Lower Thames Street

| London

| EC3R 6AF

| REGISTERED NUMBER: | OC402280 (England and Wales)

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The members present their report with the financial statements of the LLP for the year ended 30 September 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of electricity generation using solar photovoltaic panels.

DESIGNATED MEMBERS

The designated members during the year under review were:

Bagnall Energy Limited

Pbsolar & Biomass (NI) Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £257,101 (2024 - £92,806 profit).

MEMBERS' INTERESTS

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applicable to LLPs by the Limited Liability Partnerships (Account and Audit) (Application of Companies Act 2006) regulations 2008 relating to LLPs.

ON BEHALF OF THE MEMBERS:

Bagnall Energy Limited - Designated member

26 August 2026

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

30/9/25 | 30/9/24 |

| Notes | £ | £

TURNOVER | 655,864 |  | 456,751 |  |

Cost of sales | - |  | (44,877 | ) |

GROSS PROFIT | 655,864 |  | 411,874 |  |

Administrative expenses | (398,763 | ) | (319,068 | ) |

OPERATING PROFIT and |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 257,101 |  | 92,806 |  |

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

BALANCE SHEET

30 SEPTEMBER 2025

30/9/25 | 30/9/24 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 5 | 1,596,397 |  | 1,744,742 |  |

CURRENT ASSETS

Debtors | 6 | 648,650 |  | 557,179 |  |

Cash at bank | 296,572 |  | 282,609 |  |

945,222 |  | 839,788 |  |

CREDITORS

Amounts falling due within one year | 7 | (87,722 | ) | (57,734 | ) |

NET CURRENT ASSETS | 857,500 |  | 782,054 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,453,897 |  | 2,526,796 |  |

PROVISIONS FOR LIABILITIES | (24,159 | ) | (24,159 | ) |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,429,738 |  | 2,502,637 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 282,353 |  | 355,252 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 2,147,385 |  | 2,147,385 |  |

2,429,738 |  | 2,502,637 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 282,353 |  | 355,252 |  |

Members' other interests | 2,147,385 |  | 2,147,385 |  |

2,429,738 |  | 2,502,637 |  |

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

BALANCE SHEET - continued

30 SEPTEMBER 2025

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 26 August 2026 and were signed by:

Bagnall Energy Limited - Designated member

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Eider Solar LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Critical accounting judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

| Estimates and underlying assumptions are reviewed on an on-going basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with corresponding effect in profit or loss, when, and if, better information is obtained.

| Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included below. Critical judgements that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relates to the following:

| Useful lives of depreciable assets

| Management reviews its estimate of the useful lives of depreciable assets at each reporting date, based on the expected utility of the assets.

| Turnover

| Turnover represents income from the generation of solar electricity from the operational solar installations during the year, excluding Value Added Tax. Turnover is recognised in the period in which the electricity is generated.

| Turnover is generated through the sale of electricity under Power Purchase Agreements and through the sale of Renewable Obligation Certificates from the UK Government's Renewables Obligation scheme.

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at cost net of depreciation and any provision for impairment. Depreciation commences on the date that the asset is brought into use.

| Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

| The estimated useful lives are as follows:

| Plant & Machinery - 20 years straight line.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Financial instruments

| Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Provisions

| Provisions are recognised when the Company has a present legal or constructive obligation as a

| result of a past event, it is probable that an outflow of resources will be required to settle the

| obligation and the amount can be estimated reliably.

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Debtors and creditors

| Short-term debtors are measured at transaction price, less any impairment.

| Short-term creditors are measured at the transaction price.

| Taxation

| The income tax expense relating to the operations of the LLP is bourne by the Members in their financial statements.

| Cash and cash equivalents

| Cash is represented by deposits with financial intuitions repayable without penalty on notice of more than 24 hours, Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Going concern

| The directors have reviewed the performance of the LLP during the year as set out in these accounts and, after taking account of possible changes that can reasonably be envisaged in trading performance, have considered the cash flow forecasts and future liquidity requirements of the Company.

| Having regard to the above and after making enquiries the directors have a reasonable expectation that the LLP has adequate resources to continue in operational existence for at least 12 months from the date of signing the accounts. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

| Division of profits

| Profits/losses have been divided in line with the underlying LLP agreement.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | OPERATING PROFIT

| The operating profit is stated after charging:

30/9/25 | 30/9/24 |

| £ | £

| Depreciation - owned assets | 148,345 |  | 148,676 |  |

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 October 2024

| and 30 September 2025 | 2,973,062 |  |

| DEPRECIATION

| At 1 October 2024 | 1,228,320 |  |

| Charge for year | 148,345 |  |

| At 30 September 2025 | 1,376,665 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,596,397 |  |

| At 30 September 2024 | 1,744,742 |  |

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

30/9/25 | 30/9/24 |

| £ | £

| Trade debtors | 50,381 |  | - |  |

| VAT debtor | 10,519 |  | 20,963 |  |

| Prepayments | 133 |  | 7,588 |  |

| Accrued income | 587,617 |  | 528,628 |  |

648,650 |  | 557,179 |  |

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

30/9/25 | 30/9/24 |

| £ | £

| Trade creditors | 33,899 |  | 17,495 |  |

| Amounts owed to group undertakings | 15,000 |  | - |  |

| Accruals and deferred income | 38,823 |  | 40,239 |  |

87,722 |  | 57,734 |  |

EIDER SOLAR LLP (REGISTERED NUMBER: OC402280)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

|  | Members' Capital |  | Retained Earnings/(De ficit) |  | Total |  |

|  | £ |  | £ |  | £ |  |

| Balance at 1st October 2024 |  | 2,147,385 |  | 355,252 |  | 2,502,637 |  |

| Profit for the period |  | - |  | 257,101 |  | 257,101 |  |

| Distributions to members |  | - |  | (330,000) |  | (330,000) |  |

| Balance at 30th September 2025 |  | 2,147,385 |  | 282,353 |  | 2,429,738 |  |

| Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

9. | RELATED PARTY DISCLOSURES

| The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. | ULTIMATE CONTROLLING PARTY

| The LLP's controlling entity is Bagnall Energy Limited, a company incorporated in England and Wales. The financial statements of Bagnall Energy Limited, can be obtained from that company's registered office: 10 Lower Thames Street, London, England, EC3R 6AF.