Industry Capital Advisors UK LLP

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

Registered number: OC429079

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		97

			-		97
CURRENT ASSETS
Debtors	5	93,544		110,232
Cash at bank and in hand		16,298		24,137

		109,842		134,369
Creditors: Amounts Falling Due Within One Year	6	(22,957 )		(39,076 )

NET CURRENT ASSETS (LIABILITIES)			86,885		95,293

TOTAL ASSETS LESS CURRENT LIABILITIES			86,885		95,390

NET ASSETS ATTRIBUTABLE TO MEMBERS			86,885		95,390

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		86,885		95,390

			86,885		95,390

			86,885		95,390

TOTAL MEMBERS' INTEREST
Amounts due from members			(68,767)		(82,050)
Loans and other debts due to members within one year			86,885		95,390

			18,118		13,340

Page 1

Page 2

Industry Capital Advisors UK LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

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

On behalf of the members

Mr Rajesh Morjaria

Designated Member

16/10/2026

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

1. General Information

Industry Capital Advisors UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC429079 . The Registered Office is 57-61 Gilmoora House, Mortimer Street, London, W1W 8HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Computer Equipment

Straight Line - 2 years

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 LLP. 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. 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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2025: NIL)

Page 3

Page 4

Industry Capital Advisors UK LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	333

As at 31 March 2026	333

Depreciation
As at 1 April 2025	236
Provided during the period	97

As at 31 March 2026	333

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	97

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	14,006	5,736
Other debtors	-	7,937
Other taxes and social security	3,011	3,769
Amounts due from members	68,767	82,050

	85,784	99,492
Due after more than one year
Other debtors	7,760	10,740

	93,544	110,232

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	3,452
Other creditors	615	3,085
Accruals and deferred income	-	750
Amounts owed to related parties	22,342	31,789

	22,957	39,076

Page 4

Page 5

Industry Capital Advisors UK LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	13,680	34,440

	13,680	34,440

8. Related Party Transactions

Energy Company of the Future Limited

During the period there were £8,918 of sales invoices raised to Energy Company of the Future Limited. A member of Industry Capital Advisors UK LLP is a director and shareholder in Energy Company of the Future Limited. At the end of the period, a debtor balance of £0 (2025: £0) was outstanding.

Industry Capital Advisors LLC

During the period a transfer of £6,697 was made inadvertedly to Industry Capital Advisors LLC, which is a company with a shared member. At the end of the period, a debtor balance of £6,697 (2025: £0) was outstanding.

Following the period, the £6,697 has been transferred back to the company from Industry Capital Advisors LLC to clear the debtor balance.

Industry Capital EFM Holdings

During the period there were £24,329 sales invoices raised to Industry Capital EFM Holdings, which is a company that is owned by a member of Industry Capital Advisors UK LLP. During the period, funds of £159,772 were received from Industry Capital EFM Holdings.

A transfer pricing agreement exists between the two companies and £163,227 has been recorded as revenue receivable from Industry Capital EFM Holdings for the period.

At the end of the period, a creditor balance of £29,039 (2025: £32,494) was outstanding.

9. Ultimate Controlling Party

The members are considered to collectively control the Limited Liability Partnership.

Page 5