Contents of the Financial Statements

for the Period Ended 31 December 2025

Balance sheet

As at 31 December 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2025 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 directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Valuation information and policy

  Valuation of investments The company’s investments in its subsidiary undertakings are measured at cost less impairment. Where there are indicators of impairment of individual assets, the company performs impairment tests based on the fair value less costs to sell or a value in use calculations. The former is based on reliable data from sales transactions on similar assets if applicable. The value in use calculations is based on a discounted cashflow model. The cashflows are derived from the budget over the life of the assets , if applicable, and do not include performance enhancement modifications not yet committed to.

  Other accounting policies

  1. Statement of compliance with FRS 101 The financial statements are prepared in compliance with the Companies Act 2006 and Financial Reporting Standard 101 "Reduced Disclosure Framework" ("FRS 101") and applicable accounting standards. The presentation currency of these financial statements is pounds sterling (GBP) which is also the functional currency. All amounts in the financial statements have been rounded to the nearest £1,000. AES Electric Ltd (the "Company") is a private limited company and is incorporated and domiciled in England and Wales.The registered office is detailed on page 1. The Company has taken advantage of the exemption under s401 of the Companies Act 2006 not to prepare group accounts as it is a wholly owned subsidiary of The AES Corporation. The results of AES Electric Ltd are included in the consolidated financial statements of The AES Corporation which can be obtained from the Securities and Exchange Commission, 450 5th Street NW, Washington DC 20549, USA.

Notes to the Financial Statements

for the Period Ended 31 December 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0