Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 31 December 2024

The director shown below has held office during the period of
31 March 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 September 2026

And signed on behalf of the board by:
Name: Sarah Churchill
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover represents the fair value of the consideration received or receivable for the supply of goods and services in the ordinary course of business, net of value added tax and other sales related taxes. To determine whether to recognise revenue, the Company follows a 5-step process as follows: Identifying the contract with a customer; Identifying the performance obligations; Determining the transaction price; Allocating the transaction price to the performance obligations; and Recognising revenue when / as performance obligation(s) are satisfied. Turnover is recognised when control of the goods or services has transferred to the customer and the amount of revenue can be measured reliably. The Company’s principal revenue streams arise from the production and sale of biomethane, electricity and associated environmental certificates, together with government support mechanisms. Turnover is recognised as the renewable energy is generated and exported, as measured by metered volumes, where a binding offtake agreement is in place. Renewable energy certificates may be held on Balance Sheet as inventory at the prevailing market price until a binding offtake agreement is executed.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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. Depreciation is provided on the following basis: Plant and machinery - between 4 and 20 years Right of use assets - Straight line over term of the lease Depreciation charged on assets during the period is recognised in ‘administrative expenses’ in profit or loss. Assets under construction are not depreciated until they come into use at which point they are transferred to the asset class under which they will be reported and depreciated. 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  Valuation information and policy

  Stock valuation – estimates include feedstock condition, expected biogas yields, recoverability through energy generation, digestate recovery and expected losses, and the condition and recoverability of maintenance spares held as stock.

  Other accounting policies

  The Company recognises financial liabilities when the Company becomes a party to the contractual provisions of the instruments. The Company classifies its financial liabilities as other short-term monetary liabilities. The Company does not have any liabilities held for trading nor does it voluntarily classify any financial liabilities as being at fair value through profit or loss. The Company’s accounting policy is as follows: Trade creditors and other short-term monetary liabilities, which are initially recognised at fair value and are subsequently carried at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when, and only when, the Company's obligations are discharged, cancelled, or they expire.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	15 months to 31 December 2024	2023
  Average number of employees during the period	0	0

  The Company has no employees (year ended 30 September 2023 - Nil) other than the directors, who did not receive any remuneration (year ended 30 September 2023 - £Nil).