REGISTERED NUMBER: 06728502 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

TIMERA ENERGY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

27,855

25,175

Tangible assets

6

43,343

35,618

Investments

7

3,964

3,964

75,162

64,757

CURRENT ASSETS

Debtors

8

685,775

722,743

Cash at bank

515,605

260,438

1,201,380

983,181

CREDITORS

Amounts falling due within one year

9

1,145,829

950,042

NET CURRENT ASSETS

55,551

33,139

TOTAL ASSETS LESS CURRENT LIABILITIES

130,713

97,896

PROVISIONS FOR LIABILITIES

12

10,836

8,904

NET ASSETS

119,877

88,992

CAPITAL AND RESERVES

Called up share capital

13

113

110

Share premium

14

119,303

88,263

Retained earnings

14

461

619

SHAREHOLDERS' FUNDS

119,877

88,992

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

Mr O Spinks - Director

1.	STATUTORY INFORMATION

Timera Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06728502

Registered office:

30 Crown Place

London

EC2A 4EB

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Timera Energy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

EMI share scheme is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated at the balance sheet date. Transactions are translated at the date of transaction, except for those hedged with forward exchange contracts, which are recorded at the original contract rate in the profit and loss.

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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 17 ) .

5.	INTANGIBLE FIXED ASSETS

EMI share

scheme

£

COST

At 1 January 2025

31,250

Additions

6,450

At 31 December 2025

37,700

AMORTISATION

At 1 January 2025

6,075

Amortisation for year

3,770

At 31 December 2025

9,845

NET BOOK VALUE

At 31 December 2025

27,855

At 31 December 2024

25,175

6.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 January 2025

79,815

Additions

22,173

At 31 December 2025

101,988

DEPRECIATION

At 1 January 2025

44,197

Charge for year

14,448

At 31 December 2025

58,645

NET BOOK VALUE

At 31 December 2025

43,343

At 31 December 2024

35,618

7.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2025

and 31 December 2025

3,964

NET BOOK VALUE

At 31 December 2025

3,964

At 31 December 2024

3,964

Investments in subsidiary undertakings are recognised at cost less impairment. The fair value of the investment is not easily identified.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

285,646

367,984

Amounts owed by associates

90,989

93,643

Amounts receivable on contracts

251,401

215,867

Other debtors

13,605

-

VAT

11,072

-

Prepayments and accrued income

33,062

45,249

685,775

722,743

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

78,775

1,361

Corporation tax

442,952

322,252

PAYE and social security

50,655

35,949

VAT

-

11,866

Other creditors

4,569

6,818

Directors' current accounts

27,535

21,550

Accruals and deferred income

541,343

550,246

1,145,829

950,042

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

174,156

131,530

11.	SECURED DEBTS

HSBC Plc created a charge on 1 October 2019 in relation to security over cash deposits. This charge remains outstanding at the year end.

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

10,836

8,904

Deferred tax

£

Balance at 1 January 2025

8,904

Provided during year

1,932

Balance at 31 December 2025

10,836

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

A shares

£0.01

50

50

5,000

B shares

£0.01

50

50

1,300

C shares

£0.01

13

10

113

110

100 shares were issued on 7 January 2025, 150 share were bought back on 28 January 2025 and 350 shares were issued on 27 February 2025. These shares were paid at a premium of £102.86 per share.

14.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2025

619

88,263

88,882

Profit for the year

1,699,882

1,699,882

Dividends

(1,700,040

)

(1,700,040

)

Cash share issue

-

31,040

31,040

At 31 December 2025

461

119,303

119,764

15.	RELATED PARTY DISCLOSURES

Included in other debtors a balance owed from Timera Sweden of £90,989 (2024: £93,642), a member of the group. The amount is interest free and repayable on demand.

During the year, Timera Sweden charged Timera Energy Ltd management charges at arms length of £480,000 for 2025 management charges in arrears (2024: £480,000).