REGISTERED NUMBER: 09790599 (England and Wales)

MID WALES RENEWABLES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B A Mills

Mr R T Mills

Mrs E E Mills

SECRETARY:

Mrs E E Mills

REGISTERED OFFICE:

Clive House

Severn Road

Welshpool

Powys

SY21 7AL

REGISTERED NUMBER:

09790599 (England and Wales)

ACCOUNTANTS:

Morgans

Clive House

Severn Road

Welshpool

Powys

SY21 7AL

FIXED ASSETS

Tangible assets

4

967,377

934,765

CURRENT ASSETS

Stocks

577,950

53,349

Debtors

5

381,471

336,225

Cash at bank

35,761

30,642

995,182

420,216

CREDITORS

Amounts falling due within one year

6

1,071,123

628,336

NET CURRENT LIABILITIES

(75,941

)

(208,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

891,436

726,645

CREDITORS

Amounts falling due after more than one year

7

(31,111

)

(13,333

)

PROVISIONS FOR LIABILITIES

(197,125

)

(184,109

)

NET ASSETS

663,200

529,203

RESERVES

Retained earnings

663,200

529,203

663,200

529,203

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.

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 10 September 2026 and were signed on its behalf by:

Mr R T Mills - Director

1.	STATUTORY INFORMATION

Mid Wales Renewables 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

5% Straight Line and 4% 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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,205,765

Additions

97,257

At 31 December 2025

1,303,022

DEPRECIATION

At 1 January 2025

271,000

Charge for year

64,645

At 31 December 2025

335,645

NET BOOK VALUE

At 31 December 2025

967,377

At 31 December 2024

934,765

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

369,847

330,581

Other debtors

11,624

5,644

381,471

336,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

16,667

-

Trade creditors

126,497

118,038

Taxation and social security

(10,217

)

(1,929

)

Other creditors

928,176

502,227

1,071,123

628,336

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

Hire purchase contracts

27,778

-

31,111

13,333

8.	RELATED PARTY DISCLOSURES

Included in Other Creditors is a loan from a related party for £865,631 (2024 - £444,683). This loan is interest free and repayable on demand.