Nexus Green Limited

	Page
Company Information	1
Strategic Report	2—3
Director's Report	4—5
Independent Auditor's Report	6—8
Profit and Loss Account	9
Statement of Comprehensive Income	10
Balance Sheet	11
Statement of Changes in Equity	12
Statement of Cash Flows	13
Notes to the Statement of Cash Flows	14
Notes to the Financial Statements	15—22

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Nexus Green Limited

Strategic Report

For The Year Ended 31 August 2025

Strategic Report

The director presents his strategic report for the year ended 31 August 2025.

Principal Activity

The principal activity of the company in the period under review was development and installation of Solar powered street lighting and irrigation systems in Uganda operated by their branch in Uganda.

Review of the Business

Nexus Green Limited is an EPC company involved in construction of Solar Projects (Potable water solution for community, solar irrigation sites and solar power plants) In Uganda. One of the main business is implementing UKEF funded projects in UGANDA where debt is provided by UKEF to government of UGANDA for developing project like access to potable water for communities and solar irrigation, the project is implemented by Nexus Green Limited. Key Major developments for the financial year were approximate 280 site ready to commission which has drastically helped in achieving better produce for farmers, which impacts the economy in broader sense and clean water to masses which further contributes to socio economic benefits on manifold.

The company generated revenue of £25,222,671 (2024: £23,173,111). The Directors believe that revenue will increase from the 2026 financial year onwards. The Company incurred administrative expenses of £2,677,448 (2024: £2,108,656).

The Company’s total assets as at 31 August 2025 were £22,628,493 (2024: £19,744,061) which mainly consists of trade and debtors of £21,145,825 (2024: £12,452,051).

Principal Risks and Uncertainties

The principal non-trading risks and uncertainties inherent in the operations of the company relate to fluctuations in foreign exchange, interest rates, and changing environmental legislation.

The company has treasury and liquidity management procedures in place appropriate to the size and complexity of the business. The company does not avail itself of any derivative product instruments.

Future Developments

There are no other plans which will significantly change the activities and risks of the Company.

Post Balance Sheet Events

There were no events that have occurred since the reporting date that need to be disclosed or adjusted in these financial statements.

Modern slavery

The company's Modern Slavery Act Statement is updated annually.

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Nexus Green Limited

Strategic Report (continued)

For The Year Ended 31 August 2025

Section 172(1) Statement

Section 172 of the Companies Act 2006 requires a director of an entity to act in the way he or she considers, in good faith, would be most likely to promote the success of the entity for the benefit of its members as a whole. As part of the Entity’s deliberations and decision-making process, the Directors also takes into account the following:

(i) likely consequences of any decision in the long term;

(ii) the interests of the entity's employees;

(iii) the need to foster the entity's business relationships with suppliers, customers and others;

(iv) the impact of the entity's operations on the community and the environment;

(v) the desirability of the entity maintaining a reputation for high standards of business conduct; and

(vi) the need to act fairly between members of the company

The Director considers its stakeholders to be: (a) the employees of the Company; (b) our borrowers; (c) our investors; (d) all those that live in the societies we serve.

During 2025, the Director gave careful consideration to the factors set out above in discharging his duties under section 172. The Director recognises that building strong relationships with our stakeholders will help deliver the Company’s strategy in line with its long-term values. The Director is committed to effective engagement with all of its stakeholders.

Depending on the nature of the issue in question, the relevance of each stakeholder group may differ and, as such, as part of the Company’s engagement with stakeholders, the Director seeks to understand the relative interests and priorities of each group and to have regard to these, as appropriate, in its decision making. The Director acknowledges however, that not every decision it makes will necessarily result in a positive outcome for all stakeholders. The Director also challenges management to ensure all stakeholder interests are considered in the day-to-day management and operations of the Company.

On behalf of the board

Tarun Verma

Director

29 August 2026

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Nexus Green Limited

Company No. 09835151

Director's Report For The Year Ended 31 August 2025

Director's Report

The director presents his report and the financial statements for the year ended 31 August 2025.

Dividends

The profit after tax for the year ended 31 August 2025, amounted to £1,109,239 (2024: £842,576).

The director did not recommend payment of dividend for the year ended 31 August 2025 (2024: £Nil).

Directors

The director who held office during the year were as follows:

Tarun Verma

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.

Statement of Director's Responsibilities

The director is responsible for preparing the Strategic Report, 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 year. 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the 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;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Director's Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Nexus Green Limited

Director's Report (continued)

For The Year Ended 31 August 2025

Independent Auditors

The auditors, Mushambi & Associates Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Tarun Verma

Director

29 August 2026

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Independent Auditor's Report

to the Members of

Nexus Green Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Nexus Green Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Nexus Green Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Director's Responsibilities Statement set out on page 4—5, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and applicable tax legislation. In addition, we considered compliance with the UK Bribery Act and employee legislation, as fundamental to the Company’s operations.

Reviewing key correspondence with regulatory authorities.

Enquiry of management to identify any instances of non-compliance with laws and regulations.

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.Extent to which the audit was capable of detecting irregularities, including fraud.

Enquiry of management around actual and potential litigation and claims.

Enquiry of management to identify any instances of known or suspected instances of fraud.

Discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

Reviewing minutes of meetings held by the Board of Directors.

Reviewing the control systems in place and testing the design and implementation of the controls; and

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business, and reviewing accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Nexus Green Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tafadzwa George Mushambi, BSc Hons, FCCA (Senior Statutory Auditor)

for and on behalf of Mushambi & Associates Limited , Statutory Auditor

31 August 2026

Mushambi & Associates Limited

North London Business Park

Oakleigh Road South

London

N11 1GN

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Nexus Green Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	25,222,671	23,173,111
Cost of sales		(20,849,138 )	(19,827,378 )

GROSS PROFIT		4,373,533	3,345,733

Administrative expenses		(2,677,448 )	(2,108,656 )
Other operating income		12	24,998
Fair value losses on investments		-	(19,706 )

OPERATING PROFIT	5	1,696,097	1,242,369
Other interest receivable and similar income	9	-	8,837
Interest payable and similar charges	10	(87,623 )	(15,666 )

PROFIT BEFORE TAXATION		1,608,474	1,235,540
Tax on Profit	11	(499,235 )	(392,964 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,109,239	842,576

The results are from continuing activities.

The notes on pages 14 to 22 form part of these financial statements.

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Nexus Green Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,109,239	842,576
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,109,239	842,576

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Nexus Green Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			10,174		10,174
Tangible Assets	12		1,198,848		1,494,891

			1,209,022		1,505,065
CURRENT ASSETS
Stocks	13	-		4,937,676
Debtors	14	21,145,825		12,452,051
Investments	15	2,060		586,528
Cash at bank and in hand		1,480,608		1,767,806

		22,628,493		19,744,061
Creditors: Amounts Falling Due Within One Year	16	(22,348,656 )		(20,745,125 )

NET CURRENT ASSETS (LIABILITIES)			279,837		(1,001,064 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,488,859		504,001

Creditors: Amounts Falling Due After More Than One Year	17		-		(9,157 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		-		(115,224 )

NET ASSETS			1,488,859		379,620

CAPITAL AND RESERVES
Called up share capital	21		100		100
Profit and Loss Account			1,488,759		379,520

SHAREHOLDERS' FUNDS			1,488,859		379,620

On behalf of the board

Tarun Verma

Director

29 August 2026

The notes on pages 14 to 22 form part of these financial statements.

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Nexus Green Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 September 2023	100	(463,056 )	(462,956)
Profit for the year and total comprehensive income	-	842,576	842,576

As at 31 August 2024 and 1 September 2024	100	379,520	379,620


Profit for the year and total comprehensive income	-	1,109,239	1,109,239

As at 31 August 2025	100	1,488,759	1,488,859

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Nexus Green Limited

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	1,400,256	(1,331,608 )
Interest paid		(87,623 )	(15,666 )
Tax paid		(686,462 )	(274,798 )

Net cash generated from/(used in) operating activities		626,171	(1,622,072 )

Cash flows from investing activities
Purchase of tangible assets		(53,951 )	(68,681 )
Proceeds from disposal of tangible assets		-	4,008
Purchase of current asset investments		-	(202,320 )
Proceeds from disposal of current asset investments		(792,254 )	-
Grants received		-	24,998
Interest received		-	8,837

Net cash used in investing activities		(846,205 )	(233,158 )

Cash flows from financing activities
Repayment of bank borrowings		(19,160 )	(10,032 )
Amount withdrawn by directors		(48,004)	-

Net cash used in financing activities		(67,164 )	(10,032 )



Decrease in cash and cash equivalents		(287,198 )	(1,865,262 )
Cash and cash equivalents at beginning of year	2	1,767,806	3,633,068

Cash and cash equivalents at end of year	2	1,480,608	1,767,806

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Nexus Green Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit for the financial year	1,109,239	842,576
Adjustments for:
Tax on profit	499,235	392,964
Interest expense	87,623	15,666
Interest income	-	(8,837 )
Amortisation of intangible assets	-	4,024
Depreciation of tangible assets	329,205	371,745
Net fair value losses recognised in profit or loss	-	19,706
Grant income	-	(24,998)
Foreign exchange gains	-	(226,869)
Movements in working capital:
Decrease/(increase) in stocks	4,937,676	(4,937,676 )
Increase in trade and other debtors	(8,609,388 )	(12,452,051 )
Increase in trade and other creditors	3,046,666	14,672,142

Net cash generated from/(used in) operations	1,400,256	(1,331,608 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,480,608	1,767,806

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	1,767,806	(287,198)	1,480,608
Debts falling due within one year	(10,003 )	10,003	-
Debts falling due after more than one year	(9,157)	9,157	-

	1,748,646	(268,038)	1,480,608

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Nexus Green Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Nexus Green Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09835151 . The registered office is C/O XL Associates, Hazara House, 502 - 504 Dudley Road, Wolverhampton, WV2 3AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events cr conditions that may cast significant doubt about the company's ability to continue as a going concern. In addition, the director has confirmed their continued financial support for the foreseeable future.

2.3. Significant judgements and estimations

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that

are considered to be relevant, Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are recognised, in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in estimated useful economic lives and residual values of assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(i) Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected loss rates. The company uses judgement in making these essumptions and selecting the inputs to the impairment calculation based on the company's past history, existing market conditions as well as forward looking estimates at the end of each accounting period.

Provisions

Provisions are inherently based on assumptions and estimates using the best information available.

(iv) Taxation

Judgement is required in determining the provision for income tax due to the complexity of legislation. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business, The company recognises liabilities based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the original estimates, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made.

(v) Revenue recognition on contracts

Where the outcome of a construction contract can be estimated reliably, contract revenues and costs are recognised by reference to the stage of completion of the contract activity at the end of the accounting period, as measured by the contract costs incurred for work performed as a proportion of the estimated total contract costs.

Variations in contract work, claims and incentive payments are included to the extent that they have been agreed with the customer.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent that contract costs incurred are recoverable. Contract costs are recognised as an expense in the period in which they are incurred.

...CONTINUED

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.3. Significant judgements and estimations - continued

When it is probable that total contract costs will exceed total contract revenues, the expected loss is recognised as an expense immediately.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	33% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	20% Straight Line

2.6. Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.9. Financial Instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other Financial Instruments issues’ of FRS 102 to all of its 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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debtinstrument 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price andsubsequently measured at amortised cost using the effective interest method.

2.10. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.11. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.11. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.12. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred.

Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an intemal project the expenditure is treated as if it were all incurred in the research phase only.

2.13. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Construction revenue	25,222,671	231,731,111

4. Other Operating Income

	2025	2024
	£	£
Grant income	-	24,998
Other operating income	12	-

	12	24,998

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	-	76,160
Depreciation of tangible fixed assets	329,205	371,745
Amortisation of intangible fixed assets	-	4,024

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	9,928	11,649

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,107,902	505,414
Social security costs	110,607	20,505
Other pension costs	-	544

	1,218,509	526,463

8. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 19)

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	-	8,837

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	-	15,666
Foreign exchange charges	83,409	-
Late payment tax charges	4,214	-

	87,623	15,666

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2025	2024
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	(65,263 )	-
Foreign tax			649,963	481,063

			584,700	481,063
Deferred Tax
Deferred taxation			(85,465 )	(88,099 )


Total tax charge for the period			499,235	392,964

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

	2025	2024
	£	£
Profit before tax	1,608,474	1,235,540

Tax on profit at 25% (UK standard rate)	402,119	308,885
Goodwill/depreciation not allowed for tax	310,794	93,942
Expenses not deductible for tax purposes	4,877	9,658
Tax losses utilised	-	(390,842 )
Capital allowances	(262,624 )	(21,643 )
Short term timing differences	(150,728 )	(88,099 )
Prior period adjustment	(455,166 )	-
Overseas tax suffered/expensed	649,963	481,063

Total tax charge for the period	499,235	392,964

12. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	233,380	1,881,607	113,782	2,228,769
Additions	3,114	26,100	24,737	53,951

As at 31 August 2025	236,494	1,907,707	138,519	2,282,720

Depreciation
As at 1 September 2024	126,549	567,532	39,797	733,878
Provided during the period	34,674	290,039	25,281	349,994

As at 31 August 2025	161,223	857,571	65,078	1,083,872

Net Book Value
As at 31 August 2025	75,271	1,050,136	73,441	1,198,848

As at 1 September 2024	106,831	1,314,075	73,985	1,494,891

13. Stocks

	2025	2024
	£	£
Stock	-	4,937,676

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	93,131	14,047
Amounts owed by group undertakings	2,625,014	1,159,434
Other debtors	18,427,680	11,278,570

	21,145,825	12,452,051

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

15. Current Asset Investments

	2025	2024
	£	£
Other investments, held for sale	2,060	586,528

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	18,084,900	16,258,394
Bank loans and overdrafts	-	10,003
Amounts owed to group undertakings	13,090	-
Amounts owed to participating interests	938,147	1,696,084
Other creditors	1,932,087	111,557
Corporation tax	176,056	277,818
Taxation and social security	-	57,976
Accruals and deferred income	1,204,376	2,333,293

	22,348,656	20,745,125

17. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	9,157

18. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	-	10,003

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	9,157

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	-	115,224

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Nexus Green Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2024	115,224	115,224
Utilised	85,465	85,465

Balance at 31 August 2025	200,689	200,689

21. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

22. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Tarun Verma	689,679	-	641,675	-	48,004

The above loan is unsecured, interest free and repayable on demand.

23. Related Party Disclosures

Relationships

Head Office: Nexus Green Limited

Companies under common directorship or share holding: Nexus Green Renewables Limited

Close family member of key management: Rikki Verma

Member of key management: Tarun Rikki Verma, Jude Wegoye

As at 31 August 2025, the company was owed £1,686,867 (2024: £1,255,309) in respect of loans and advances to Nexus Green Renewables Ltd, a related party. The amount is included within amounts owed by group undertakings.

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Director	Tarun Verma

Company Number	09835151

Registered Office	C/O XL Associates
	Hazara House, 502 - 504 Dudley Road
	Wolverhampton
	WV2 3AA

Auditors	Mushambi & Associates Limited
	North London Business Park
	Oakleigh Road South
	London
	N11 1GN