Company No: 12002337 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	244,834		136,439
Tangible assets	5	2,411		1,666
Investments	6	3,063,796		3,063,796
		3,311,041		3,201,901
Current assets
Debtors	7	652,986		33,352
Cash at bank and in hand		29,431		62,030
		682,417		95,382
Creditors: amounts falling due within one year	8	( 2,016,230)		( 1,120,408)
Net current liabilities		(1,333,813)		(1,025,026)
Total assets less current liabilities		1,977,228		2,176,875
Net assets		1,977,228		2,176,875
Capital and reserves
Called-up share capital	9	2,000		2,000
Share premium account		48,000		48,000
Profit and loss account		1,927,228		2,126,875
Total shareholders' funds		1,977,228		2,176,875

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of AES Sustainability Limited (registered number: 12002337) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

Mrs J Bartrum-Lang Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AES Sustainability Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4b Oaklands Court Tiverton Way, Tiverton Business Park, Tiverton, EX16 6TG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover represents management charges and income from software services received from subsidiary companies. Revenue is received upon delivery of service.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software	3 - 5 years straight line
Trademarks, patents and licences	not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured
reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Prior year adjustment

The 2024 accounts have been restated to reflect the following:

The directors believe that wages and pension costs, which relate directly to trading activities, should be shown under cost of sales instead of administrative expenses. The 2024 comparative figures have therefore been restated to reflect these changes in presentation.

		As previously reported		Adjustment		As restated
Year ended 30 November 2024		£		£		£
Statement of income and retained earnings - Cost of sales		(38,626)		(20,935)		(59,561)
Statement of income and retained earnings - Administrative expenses		(1,180,036)		20,935		(1,159,101)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	23		18

4. Intangible assets

	Computer software		Trademarks, patents and licences		Total
	£		£		£
Cost
At 01 December 2024	191,323		4,800		196,123
Additions	158,994		0		158,994
At 30 November 2025	350,317		4,800		355,117
Accumulated amortisation
At 01 December 2024	59,684		0		59,684
Charge for the financial year	50,599		0		50,599
At 30 November 2025	110,283		0		110,283
Net book value
At 30 November 2025	240,034		4,800		244,834
At 30 November 2024	131,639		4,800		136,439

5. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 December 2024	2,140		2,140
Additions	1,878		1,878
At 30 November 2025	4,018		4,018
Accumulated depreciation
At 01 December 2024	474		474
Charge for the financial year	1,133		1,133
At 30 November 2025	1,607		1,607
Net book value
At 30 November 2025	2,411		2,411
At 30 November 2024	1,666		1,666

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 December 2024	3,063,796
At 30 November 2025	3,063,796
Carrying value at 30 November 2025	3,063,796
Carrying value at 30 November 2024	3,063,796

7. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	533,779		0
Prepayments	7,105		7,226
Other debtors	112,102		26,126
	652,986		33,352

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	159,135		89,032
Amounts owed to Group undertakings	823,583		50,760
Accruals and deferred income	100,505		51,529
Corporation tax	17,719		8,817
Other taxation and social security	487,869		518,140
Other creditors	427,419		402,130
	2,016,230		1,120,408

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each	2,000		2,000