Elemental Energy Technologies Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 13554402

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		251,896		269,859
Investments	5		51		51

			251,947		269,910
CURRENT ASSETS
Stocks	6	789,516		480,248
Debtors	7	167,747		195,438
Cash at bank and in hand		322,058		824,456

		1,279,321		1,500,142
Creditors: Amounts Falling Due Within One Year	8	(215,960 )		(239,958 )

NET CURRENT ASSETS (LIABILITIES)			1,063,361		1,260,184

TOTAL ASSETS LESS CURRENT LIABILITIES			1,315,308		1,530,094

Creditors: Amounts Falling Due After More Than One Year	9		(18,047 )		-

NET ASSETS			1,297,261		1,530,094

CAPITAL AND RESERVES
Called up share capital	10		2		1
Share premium account			2,621,988		2,171,988
Other reserves			253,237		171,670
Profit and Loss Account			(1,577,966 )		(813,565 )

SHAREHOLDERS' FUNDS			1,297,261		1,530,094

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Elemental Energy Technologies Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Patterson

Director

08/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elemental Energy Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13554402 . The registered office is Unit 8, Kington Farm Draycott Lane, Kington St. Michael, Chippenham, SN14 6DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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.

2.3. Tangible Fixed Assets and Depreciation

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	20% Reducing balance
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	20% Reducing balance
Computer Equipment	20% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

2.6. Foreign Currencies

The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

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Elemental Energy Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	391,949	-	20,371	7,421	419,741
Additions	-	26,590	30,219	3,784	60,593
Disposals	(32,188 )	-	-	-	(32,188 )

As at 31 January 2026	359,761	26,590	50,590	11,205	448,146

Depreciation
As at 1 February 2025	145,027	-	2,833	2,022	149,882
Provided during the period	36,230	2,659	6,209	1,270	46,368

As at 31 January 2026	181,257	2,659	9,042	3,292	196,250

Net Book Value
As at 31 January 2026	178,504	23,931	41,548	7,913	251,896

As at 1 February 2025	246,922	-	17,538	5,399	269,859

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 February 2025	51

As at 31 January 2026	51

Provision
As at 1 February 2025	-

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	51

As at 1 February 2025	51

Elemental Energy Systems (Pty) Ltd is the wholly-owned subsidiary registered in South Africa. Investments in subsidiaries are held at cost less impairment.

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Elemental Energy Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Stocks

	2026	2025 as restated
	£	£
Work in progress	789,516	480,248

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	99,939	156,114
Amounts owed by group undertakings	27,910	19,826
Other debtors	39,898	19,498

	167,747	195,438

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	5,818	-
Trade creditors	119,254	132,521
Other creditors	90,009	91,811
Taxation and social security	879	15,626

	215,960	239,958

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	18,047	-

10. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	2	1

11. Share Based payments

Share based arrangements existed during the period.

The company has 95,000 options granted and vesting at the period end date to be settled via equity. All options start to vest after the employee has completed 1 year of service for a period of 3 years (4 years in total). Options can be exercised after the 4 year period.

19,982 options (2025: 21,660) vested during the period.

Details of movement in the number of options:

(i) outstanding at the beginning of the period; 80,000

(ii) granted during the period; 15,000

(iii) forfeited during the period; 0

(iv) exercised during the period; 0

...CONTINUED

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Elemental Energy Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

(v) expired during the period; 0

(vi) outstanding at the end of the period; 115,000

(vi) exercisable at the period end date: 62,068

Management has determined the fair value of the equity instruments based on the most recent transaction in the entity's shares. An expense of £81,567 (2025: £88,373) has been recognised during the period, representing the fair value of the share-based awards vested during the accounting period.

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