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Registered number: 11038081
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FOR THE YEAR ENDED
31 DECEMBER 2025
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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NESR LIMITED
REGISTERED NUMBER:11038081
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital contribution reserve
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 5 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
NESR Limited is a private company limited by shares incorporated in England and Wales. The address of the principal place of business is 7th Floor, 777 Post Oak Boulevard, Houston, Texas, 77056, USA.
The financial statements are presented in dollars which is the functional currency of the company and rounded to the nearest $.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis, which assumes the Company will continue in operational existence for the foreseeable future.
The Company has obtained a financial support letter from its parent company (National Energy Services Reunited Corp.) for at least 12 months from the date of approval of the financial statements. The letter confirms that the parent company will provide, where needed, the necessary financial support so that the Company can meet its obligations as they fall due. The director has satisfied himself that the parent company is able to provide this support for at least 12 months from the date the financial statements were authorised for issue.
As a result, the director believes the Company has adequate resources to enable it to continue as a going concern.
Due to the availability of parental support, the financial statements have been prepared on a going concern basis and the director does not consider there to be any material uncertainty regarding the Company’s ability to continue as a going concern.
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Foreign currency translation
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Functional and presentation currency
The company's functional and presentational currency is USD.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Interest income is recognised in profit or loss using the effective interest method.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment losses.
Investments in an associates are held at cost less accumulated impairment losses.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade creditors, other creditors and loans from related parties.
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The average monthly number of employees, including directors, during the year was 1 (2024 -2).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Investments in subsidiary companies
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Investments in associates
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The carrying amounts of investments in subsidiary undertakings and associates were fully impaired in prior periods to reflect their recoverable amounts, and no reversal of impairment has been recognised in the current year.
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are non-interest bearing, unsecured and repayable on demand.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are non-interest bearing, unsecured and repayable on demand.
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Capital contribution reserve
Capital contribution reserve represents amounts contributed by the parent company to support the NESR Limited investment in associates.
The parent company of the smallest group for which consolidated financial statements are drawn up is National Energy Service Reunited Corp. (NESR). The company's principal place of business is 7th Floor, 777 Post Oak Boulevard, Houston, Texas, 77056, USA.
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 22 September 2026 by Hezelina Hashim (FCCA) (Senior statutory auditor) on behalf of Menzies LLP.
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