Company No: 03640162 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	3,594		4,729
Tangible assets	5	14,191		4,993
		17,785		9,722
Current assets
Stocks		30,397		40,160
Debtors	6	614,556		552,110
Cash at bank and in hand		97,035		46,435
		741,988		638,705
Creditors: amounts falling due within one year	7	( 273,481)		( 249,465)
Net current assets		468,507		389,240
Total assets less current liabilities		486,292		398,962
Provision for liabilities		( 3,300)		( 900)
Net assets		482,992		398,062
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		482,990		398,060
Total shareholder's funds		482,992		398,062

The 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 Ecocoast Ltd (registered number: 03640162) were approved and authorised for issue by the Board of Directors on 05 August 2026. They were signed on its behalf by:

Mr L Z Jackson 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

Ecocoast Ltd (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 85 Great Portland Street, First Floor, London, W1W 7LT, United Kingdom. The principal place of business is 614, Bayan Building, Dubai Investment Park 1, Dubai, United Arab Emirates.

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

Management has prepared a going concern assessment covering a period of at least twelve months from the date of approval of these financial statements. The assessment considered the Company's cash flow forecasts, working capital requirements, current cash position, expected receipts and payments, available financing arrangements, and prevailing market conditions.

As part of this assessment, management considered whether any events or conditions exist that may cast significant doubt on the Company's ability to continue as a going concern. Whilst trading during the initial part of the year ending 31 December 2026 is expected to be slower than originally anticipated, the Directors expect trading performance to improve during the remainder of the year. As a result, the Directors do not anticipate that additional financial support will be required.

Nevertheless, the Company benefits from being a wholly owned subsidiary of Ecocoast Holdings Limited, which has confirmed its intention and ability to provide financial support, if required, to enable the Company to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. This support provides additional assurance that the Company will have access to sufficient financial resources should they be needed.

Accordingly, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis of accounting in preparing these financial statements.

Prior year adjustment

During the preparation of the financial statements, errors in relation to prior years were found and have been adjusted for. Further details of the adjustments can be found in Note 2.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Revenue is recognised based on the percentage of project completion.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Goodwill	10 years straight line
Website costs	4 years straight line

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:

Plant and machinery	5 years straight line
Office equipment	2 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are reviewed for impairment. If stocks are impaired, the carrying amount is reduced to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

2. Prior year adjustment

During the preparation of the financial statements, it was discovered that accrued income and accrued costs from the period ended 31 December 2023 had been understated and incorrectly restated in the accounts for the year ended 31 December 2024. This has affected the costs of sales, administrative costs and other operating income. However, as these costs have already been stated in the financial statements and are just being carried back to a previous year there is no impact on the retained profits.

During the preparation of the financial statements, it was discovered that expenses had incorrectly been allocated to an intercompany loan balance for the period ended 31 December 2023, which has resulted in increase in administrative costs. This has been corrected by a prior year adjustment and the overall impact is a reduction to debtors and the retained profits of £34,500.

		As previously reported		Adjustment		As restated
Year ended 31 December 2024		£		£		£
Amounts owed by Group undertakings		265,133		(34,500)		230,633
Retained profits		432,560		(34,500)		398,060
Administrative expenses		(361,939)		557		(361,382)
Other operating income/(loss)		91,569		(91,569)		0
Cost of sales		(834,964)		44,129		(790,835)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 January 2025	28,000		21,515		49,515
At 31 December 2025	28,000		21,515		49,515
Accumulated amortisation
At 01 January 2025	28,000		16,786		44,786
Charge for the financial year	0		1,135		1,135
At 31 December 2025	28,000		17,921		45,921
Net book value
At 31 December 2025	0		3,594		3,594
At 31 December 2024	0		4,729		4,729

5. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 January 2025	46,353		5,367		51,720
Additions	13,265		0		13,265
At 31 December 2025	59,618		5,367		64,985
Accumulated depreciation
At 01 January 2025	42,392		4,335		46,727
Charge for the financial year	3,422		645		4,067
At 31 December 2025	45,814		4,980		50,794
Net book value
At 31 December 2025	13,804		387		14,191
At 31 December 2024	3,961		1,032		4,993

6. Debtors

	2025		2024
	£		£
Trade debtors	195,175		145,326
Amounts owed by Group undertakings	319,587		230,633
Prepayments and accrued income	79,341		161,403
VAT recoverable	20,453		14,748
	614,556		552,110

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	138,228		71,424
Accruals and deferred income	120,006		116,251
Taxation and social security	13,933		61,299
Other creditors	1,314		491
	273,481		249,465

8. Called-up share capital

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

9. Related party transactions

The company has taken advantage of the exemption in FRS 102 Section 1A from disclosing transactions with its parent company and other members of the group.

10. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2025 was unqualified.

The name of the Senior Statutory Auditor who signed the audit report was Benjamin Slater BA(Hons) ACA, who signed for and on behalf of PKF Francis Clark on 17 August 2026.

11. Ultimate controlling party

The company's immediate and ultimate parent company is Ecocoast Holdings Limited, DD-15-134-004-007, Level 15, Al Sila Tower, Abu Dhabi Global Market, Square, Al Maryah Island, Abu Dhabi, United Arab Emirates, incorporated in United Arab Emirates.

The company is under the ultimate control of its directors.