REGISTERED NUMBER: 07908212 (England and Wales)

DALLOL ENERGY LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Report of the Directors

2

Abridged Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

V J Buchanan

A Springett

REGISTERED OFFICE:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

REGISTERED NUMBER:

07908212 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

V J Buchanan

A Springett

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

V J Buchanan - Director

18 August 2026

FIXED ASSETS

Tangible assets

4

260,769

295,486

CURRENT ASSETS

Stocks

45,000

156,500

Debtors

981,224

929,999

Cash at bank

298,754

141,531

1,324,978

1,228,030

CREDITORS

Amounts falling due within one year

801,907

661,019

NET CURRENT ASSETS

523,071

567,011

TOTAL ASSETS LESS CURRENT LIABILITIES

783,840

862,497

CREDITORS

Amounts falling due after more than one year

(73,867

)

(171,085

)

PROVISIONS FOR LIABILITIES

(62,809

)

(71,308

)

NET ASSETS

647,164

620,104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

647,064

620,004

SHAREHOLDERS' FUNDS

647,164

620,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

V J Buchanan - Director

1.	STATUTORY INFORMATION

Dallol Energy Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are 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 and revised if necessary.

Key source of estimation uncertainty - long-term contracts

The company undertakes long-term contracts which are at various degrees of completion at a year end. Management carries out an assessment of the stage of completeness of each of these contracts as at each balance sheet date. Valuations are based on the overall value of each contract, knowledge of the work being undertaken on each contract up to the year end and activity on each contract since the year end.

Turnover

Turnover represents amounts receivable for goods and services supplied in the course of the supply of Biomass heat and power systems, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33.3% straight line, 25% on reducing balance, 20% straight line, 15% on reducing balance and 10% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

436,845

Additions

12,558

Disposals

(3,495

)

At 31 December 2025

445,908

DEPRECIATION

At 1 January 2025

141,359

Charge for year

43,911

Eliminated on disposal

(131

)

At 31 December 2025

185,139

NET BOOK VALUE

At 31 December 2025

260,769

At 31 December 2024

295,486

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

59,210

201,316

HP contracts

117,335

185,943

176,545

387,259

There is a fixed and floating charge over the assets and undertaking of the business in favour of Lloyds Bank plc. Hire purchase contracts are secured against the fixed asset to which they relate.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

V J Buchanan

Balance outstanding at start of year

-

45,438

Amounts advanced

52,644

69,285

Amounts repaid

(52,644

)

(114,723

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A Springett

Balance outstanding at start of year

-

15,218

Amounts advanced

40,449

42,185

Amounts repaid

(40,449

)

(57,403

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above balances are interest free and repayable on demand.

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 to not provide particulars of transactions between group companies where wholly owned by a common parent company.