ACCOUNTS - Final Accounts preparation

Registered number: 16498903

ELEMENTS GREEN MIDCO LTD

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

ELEMENTS GREEN MIDCO LTD

COMPANY INFORMATION

Directors	Rasmus Bolcko Friis (appointed 5 June 2025)
	Mark Turner (appointed 5 June 2025)
	Markus Petrus Heiss (appointed 5 June 2025, resigned 13 January 2026)


Registered number	16498903


Registered office	1 Half Moon Street
	London
	W1J 7AY

ELEMENTS GREEN MIDCO LTD

CONTENTS

	Page
Directors' Report	1
Profit and Loss Account	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 - 8

ELEMENTS GREEN MIDCO LTD

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the period ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company is the production of electricity from renewable sources.

Directors

The directors who served during the period were:

Rasmus Bolcko Friis (appointed 5 June 2025)

Mark Turner (appointed 5 June 2025)

Markus Petrus Heiss (appointed 5 June 2025, resigned 13 January 2026)

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 12 October 2026 and signed on its behalf.

Mark Turner

Director

Page 1

ELEMENTS GREEN MIDCO LTD

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 DECEMBER 2025

	31 December
	2025
Note	£


Administrative expenses		(1,072)
Operating (loss)/profit		(1,072)
(Loss)/profit for the financial period		(1,072)

The notes on pages 6 to 8 form part of these financial statements.

Page 2

ELEMENTS GREEN MIDCO LTD

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2025

				31 December
				2025
			Note	£

(Loss)/profit for the financial period		(1,072)
Other comprehensive income
Total comprehensive income for the period		(1,072)

The notes on pages 6 to 8 form part of these financial statements.

Page 3

ELEMENTS GREEN MIDCO LTD

REGISTERED NUMBER: 16498903

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Investments	4		128,775
			128,775
Current assets
Debtors: amounts falling due within one year	5	195
		195
Creditors: amounts falling due within one year	6	(129,942)
Net current (liabilities)/assets			(129,747)
Total assets less current liabilities			(972)

Net (liabilities)/assets			(972)

Capital and reserves
Called up share capital			100
Profit and loss account			(1,072)
			(972)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the 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 on 12 October 2026.

Mark Turner

Director

The notes on pages 6 to 8 form part of these financial statements.

Page 4

ELEMENTS GREEN MIDCO LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(1,072)	(1,072)
Other comprehensive income for the period	-	-	-
Total comprehensive income for the period	-	(1,072)	(1,072)
Contributions by and distributions to owners
Shares issued during the period	100	-	100
Total transactions with owners	100	-	100
At 31 December 2025	100	(1,072)	(972)

The notes on pages 6 to 8 form part of these financial statements.

Page 5

ELEMENTS GREEN MIDCO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Elements Green Midco Ltd is a private limited company registered in England & Wales with its registered office at 1 Half Moon Street, London, W1J 7AY.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 6

ELEMENTS GREEN MIDCO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

Debtors

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.

2.5

Creditors

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.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

			31 December
			2025
			No.

		Average number of employees	2

Page 7

ELEMENTS GREEN MIDCO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	128,775
	At 31 December 2025	128,775

Debtors

					2025
					£


	Other debtors	195
		195

6.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	129,917
	Accruals	25
		129,942

Page 8