for the Period Ended 31 December 2025
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2025
Directors
The directors shown below have held office during the period of
7 May 2025
to
31 December 2025
The director shown below has held office during the period of
23 December 2024
to
19 November 2025
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2025 | ||
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| Other operating income: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | ||
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Debtors: | 4 |
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| Creditors: amounts falling due within one year: | 5 |
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| Total assets less current liabilities: |
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| Accruals and deferred income: |
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| Members' funds | |||
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2025
Basis of measurement and preparation
for the Period Ended 31 December 2025
| 2025 | ||
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| Average number of employees during the period |
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for the Period Ended 31 December 2025
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
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| At 31 December 2025 |
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| At 31 December 2025 |
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for the Period Ended 31 December 2025
| 2025 | ||
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| £ | ||
| Trade debtors |
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| Total |
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for the Period Ended 31 December 2025
| 2025 | ||
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| £ | ||
| Taxation and social security |
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| Total |
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Our Community Interest Company was incorporated on 23 December 2024 with the aim of establishing a local hub that provides practical, community-focused support to help Shetlanders reduce energy costs and carbon emissions, make more sustainable choices, and access shared local resources and services. The concept for the Hub was developed through the Rural Energy Hubs project, funded by Innovate UK and led by Shetland Islands Council, Aquatera, Orkney Islands Council, Community Energy Scotland and EMEC. As part of this project, the local youth and community centre that will house the Hub underwent a major retrofit. Our CIC, made up of local volunteer directors, was established to pilot and manage the Hub and support the long-term aim of it becoming a community-led service. The community centre was originally expected to be completed in August 2025. Unfortunately, building works took significantly longer than anticipated, and as of 31 December 2025, we were still awaiting access to the premises. As a result, we were unable to begin delivering our planned public services during this reporting period. Despite this delay, the year was an important period of preparation. Our activities included: Recruiting additional local volunteer directors through a community information session, expanding the board from its original two directors. This event also gave the local community a chance to understand the Rural Energy Hubs project. Developing the governance framework for the CIC, including policies and procedures to support good governance and effective management. Designing and planning the services the Hub will provide, including energy advice, e-bike hire, meeting room hire and co-working space, including development of customer journeys and booking systems. Applying for funding to support future staffing costs. Keeping the community informed of building progress through social media. Preparing the Hub's website and communications materials, including posters, booklets and display banners. Undertaking energy advice training and professional development to ensure staff are equipped to provide high-quality support when the Hub opens. Although the delay in accessing the building prevented us from delivering the full range of planned services during this period, the work undertaken has established strong foundations for the organisation. We have developed robust governance, built valuable partnerships, engaged with the community and designed services that are ready to be delivered once the premises become operational. Community Benefit During this reporting period, although the Hub was not yet operational due to delays with the building works, we have already begun creating community benefit through engagement activities, local events, partnership development and opportunities for residents to influence the services being developed. This engagement has helped ensure that the Hub’s future services are shaped by local needs and feedback. ur work in this period will allow us to provide benefits to: Shetland households, including those experiencing challenges with energy costs, by providing access to independent energy advice, information and support to improve energy efficiency and reduce household bills. Local residents interested in sustainable living, by providing opportunities to access shared resources, learn about low-carbon choices and participate in community activities relating to energy, climate and transport. People seeking affordable access to workspace and community facilities, through the planned provision of co-working space, meeting facilities and shared resources. Residents who may benefit from improved access to active travel options, through the planned e-bike hire service and activities promoting cycling and sustainable transport. Local community groups, organisations and businesses, by providing opportunities for collaboration, shared learning and partnership working around energy, sustainability and community development.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
11 September 2026
And signed on behalf of the board by:
Name: J Nicolson
Status: Director