REGISTERED NUMBER: 09347391 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

REEN TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs N J Sorsdahl

Mr V V Jahr

REGISTERED OFFICE:

Unit 8 The Courtyard

Gaulby Lane

Stoughton Gaulby Lane

Stoughton

Leicester

LE2 2FL

REGISTERED NUMBER:

09347391 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Mark Harrison BA(Hons) FCA

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

313,354

-

CURRENT ASSETS

Stocks

5

43,769

221,486

Debtors

6

132,727

217,407

Cash at bank

131,955

205,878

308,451

644,771

CREDITORS

Amounts falling due within one year

7

1,588,971

1,437,073

NET CURRENT LIABILITIES

(1,280,520

)

(792,302

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(967,166

)

(792,302

)

CREDITORS

Amounts falling due after more than one year

8

-

7,168

NET LIABILITIES

(967,166

)

(799,470

)

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

(977,166

)

(809,470

)

SHAREHOLDERS' FUNDS

(967,166

)

(799,470

)

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr V V Jahr - Director

1.	STATUTORY INFORMATION

Reen Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern disclosure

The financial statements have been prepared on a going concern basis, which the directors consider appropriate on the basis the company's ultimate parent undertaking Reen As, have confirmed they will provide sufficient funds to enable to settle its creditors as and when they fall due for the foreseeable future. The financial statements do not include any adjustments that would result from a withdrawal of the support provided by the parent undertaking.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery Useful life - 19, 21, 34 & 56 Months

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Foreign currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments

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 pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Trade debtor

Trade debtors are stated at invoice value less provision for doubtful debts. The company reviews the recoverability of trade debtors at each reporting date and makes provisions for amounts considered irrecoverable. Trade debtors are subsequently measured at amortised cost, which is typically equal to the invoice amount due due to their short-term nature.

Trade creditor

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost. Due to their short-term nature, trade creditors are normally stated at the amount payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

428,754

At 31 December 2025

428,754

DEPRECIATION

Charge for year

115,400

At 31 December 2025

115,400

NET BOOK VALUE

At 31 December 2025

313,354

5.

STOCKS

2025

2024

£

£

Stocks

43,769

221,486

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

66,746

193,117

Other debtors

65,981

24,290

132,727

217,407

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,166

9,352

Trade creditors

13,683

19,834

Amounts owed to group undertakings

1,427,657

1,212,220

Taxation and social security

23,501

90,337

Other creditors

117,964

105,330

1,588,971

1,437,073

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,168

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

1

10,000

10,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We did not observe the counting of physical inventory stated at £221,486 as at 31 December 2024 because it was not possible to attend. We were unable to satisfy ourselves by alternative means by using other audit procedures and thus were unable to verify the opening stock value, which is included in the profit and loss, as at 1 January 2025. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical

requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Mr Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

11.	ULTIMATE CONTROLLING PARTY

The shares of Reen Technologies Limited were acquired by Reen Technology AS (Norway) on 20 May 2021. Reen Technology AS is regarded by the directors as the company's immediate and ultimate parent undertaking.