REGISTERED NUMBER: OC376492 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

ARMSTRONG (SOLAR) LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Armstrong Energy Limited

Downing Members Limited

Downing Poultry Rooftop Limited

REGISTERED OFFICE:

10 Lower Thames Street

London

EC3R 6AF

REGISTERED NUMBER:

OC376492 (England and Wales)

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:

Armstrong Energy Limited

Downing members Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £226,686 (2024 - £78,980 loss).

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:

Downing Poultry Rooftop Limited - Designated member

20 August 2026

TURNOVER

759,190

828,572

Administrative expenses

(761,904

)

(673,541

)

OPERATING (LOSS)/PROFIT

4

(2,714

)

155,031

Interest payable and similar expenses

5

(223,972

)

(234,011

)

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(226,686

)

(78,980

)

FIXED ASSETS

Tangible assets

6

2,723,024

2,940,726

CURRENT ASSETS

Debtors

7

2,137,270

2,100,273

Cash at bank

90,152

327,757

2,227,422

2,428,030

CREDITORS

Amounts falling due within one year

8

(91,128

)

(143,410

)

NET CURRENT ASSETS

2,136,294

2,284,620

TOTAL ASSETS LESS CURRENT LIABILITIES

4,859,318

5,225,346

CREDITORS

Amounts falling due after more than one year

9

(3,050,048

)

(3,416,076

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,809,270

1,809,270

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

1,809,270

1,809,270

1,809,270

1,809,270

TOTAL MEMBERS' INTERESTS

Members' other interests

1,809,270

1,809,270

Amounts due from members

7

(691,501

)

(464,815

)

1,117,769

1,344,455

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 20 August 2026 and were signed by:

Downing Poultry Rooftop Limited - Designated member

1.	STATUTORY INFORMATION

Armstrong (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 renewable electricity from the operational 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 UK Government's Feed-in-Tariff (FiT) scheme.

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 - 25 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 company's balance sheet when the company 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 for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to the profit or loss

Debtors and creditors

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

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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 LLP.

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 (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

30/9/25

30/9/24

£

£

Depreciation - owned assets

217,702

217,702

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

30/9/25

30/9/24

£

£

Loan

223,972

234,011

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

and 30 September 2025

5,442,549

DEPRECIATION

At 1 October 2024

2,501,823

Charge for year

217,702

At 30 September 2025

2,719,525

NET BOOK VALUE

At 30 September 2025

2,723,024

At 30 September 2024

2,940,726

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade debtors

46,598

12,469

Amounts owed by group undertakings

190,213

10,000

Amounts due from members

691,501

464,815

VAT debtor

27,928

33,217

Accrued income

1,177,547

1,564,433

Prepayments

3,483

15,339

2,137,270

2,100,273

Amounts due from members is equal to the total losses of the LLP for which the members' liability to fund is limited, jointly and severely, equal to their initial contribution totalling £1,809,270.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade creditors

26,914

10,601

Other creditors

21,628

89,083

Accruals and deferred income

42,586

43,726

91,128

143,410

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/25

30/9/24

£

£

Loan

3,050,048

3,416,076

10.	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.

11.	ULTIMATE CONTROLLING PARTY

The LLP's ultimate 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.

12.	LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' Capital

Retained Earnings/(De ficit)

Total

£

£

£

Balance at 1st October 2024

1,809,270

(464,815)

1,423,435

Profit/(Loss) for the period

-

(226,686)

(226,686)

Balance at 30th September 2025

1,809,270

(691,501)

1,116,769

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