Tregol Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03771778

		2025		2024
	Notes	€	€	€	€
FIXED ASSETS
Intangible Assets	4		-		45,989
Investments	5		5,050,209		5,466,009

			5,050,209		5,511,998
CURRENT ASSETS
Debtors	6	279,078		270,180
Cash at bank and in hand		201,355		149,370

		480,433		419,550
Creditors: Amounts Falling Due Within One Year	7	(1,233,427 )		(1,633,962 )

NET CURRENT ASSETS (LIABILITIES)			(752,994 )		(1,214,412 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,297,215		4,297,586

NET ASSETS			4,297,215		4,297,586

CAPITAL AND RESERVES
Called up share capital	8		3		3
Revaluation reserve	9		968,570		968,570
Profit and Loss Account			3,328,642		3,329,013

SHAREHOLDERS' FUNDS			4,297,215		4,297,586

Page 1

Page 2

Tregol Engineering Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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

Miss Donatella MUNARI

Director

12/10/2026

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

1. General Information

Tregol Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03771778 . The registered office is Portman House, Fidcorp, 2 Portman Street, London, W1H 6DU.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Dividends: Dividend income is recognised when the shareholder’s right to receive payment is established (typically when declared by the subsidiary).

Interests: Interest income is recognised using the effective interest method on loans to group undertakings.

2.4. Financial Instruments

Loans to/from group undertakings are measured at amortised cost. The Company assesses expected credit losses on intercompany receivables with reference to the subsidiaries’ forecast cash flows and support available within the group.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The company is fiscally resident in Italy and therefore subject to taxation there.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	€
Cost
As at 1 January 2025	76,648
Disposals	(76,648 )

As at 31 December 2025	-

Amortisation
As at 1 January 2025	30,659
Disposals	(30,659 )

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	45,989

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Page 4

Tregol Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Unlisted
	€
Cost or Valuation
As at 1 January 2025	5,466,009
Revaluations	(415,800 )

As at 31 December 2025	5,050,209

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	5,050,209

As at 1 January 2025	5,466,009

Investments in subsidiaries.

Investments are carried at cost less impairment. The directors assess indicators of impairment annually and recognise losses where the recoverable amount is below carrying amount.

6. Debtors

	2025	2024
	€	€
Due within one year
Amounts owed by group undertakings	-	52,956
Other debtors	279,078	217,224

	279,078	270,180

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	€	€
Trade creditors	1,536	507
Amounts owed to group undertakings	1,220,354	1,616,818
Other creditors	7,353	12,267
Taxation and social security	4,184	4,370

	1,233,427	1,633,962

8. Share Capital

	2025	2024
	€	€
Allotted, Called up and fully paid	3	3

Page 4

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Tregol Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Reserves

	Revaluation reserve	Profit and Loss Account
	€	€
As at 1 January 2025	968,570	3,329,013
Loss for the year and total comprehensive income	-	(371 )

As at 31 December 2025	968,570	3,328,642