REGISTERED NUMBER: 10292508 (England and Wales)

ALLOTROPE ENERGY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr P C Wilson

M E Mitchell

SECRETARY:

Dr P C Wilson

REGISTERED OFFICE:

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

REGISTERED NUMBER:

10292508 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

FIXED ASSETS

Tangible assets

4

214,150

311,657

CURRENT ASSETS

Debtors

5

153,119

199,211

Cash at bank

13,674

22,935

166,793

222,146

CREDITORS

Amounts falling due within one year

6

(70,156

)

(107,418

)

NET CURRENT ASSETS

96,637

114,728

TOTAL ASSETS LESS CURRENT LIABILITIES

310,787

426,385

CAPITAL AND RESERVES

Called up share capital

8

266,397

230,028

Share premium

9

1,556,106

-

Other reserves

9

-

1,492,475

Retained earnings

9

(1,511,716

)

(1,296,118

)

SHAREHOLDERS' FUNDS

310,787

426,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

Dr P C Wilson - Director

1.	STATUTORY INFORMATION

Allotrope Energy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

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

Tangible fixed assets

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

Improvements to property

-

Straight line over the life of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. Given the uncertainty of future activities, deferred tax assets are only recognised up to the level of deferred tax liabilities.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2025

and 31 July 2026

213,914

268,328

29,884

3,580

515,706

DEPRECIATION

At 1 August 2025

75,146

112,659

13,642

2,602

204,049

Charge for year

42,783

49,361

4,930

433

97,507

At 31 July 2026

117,929

162,020

18,572

3,035

301,556

NET BOOK VALUE

At 31 July 2026

95,985

106,308

11,312

545

214,150

At 31 July 2025

138,768

155,669

16,242

978

311,657

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Other debtors

1

1

Tax

58,844

64,485

VAT

7,487

9,957

Prepayments

-

37,981

66,332

112,424

Amounts falling due after more than one year:

Other debtors

86,787

86,787

Aggregate amounts

153,119

199,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,132

45,126

Social security and other taxes

2,056

1,653

Other creditors

19,473

358

Directors' current accounts

25,154

30,154

Accrued expenses

20,341

30,127

70,156

107,418

7.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

96,430

96,430

Between one and five years

104,466

200,896

200,896

297,326

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

266,374

Ordinary £1

£1

266,374

230,010

2,319,990

Ordinary £0.00001

£0.00001

23

18

266,397

230,028

Each share is entitled to one vote in any circumstances. Each share is entitled pari passu to dividend payments or any other distribution. arising from a winding up of the company.

9.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 1 August 2025

(1,296,118

)

-

1,492,475

196,357

Deficit for the year

(215,598

)

(215,598

)

Cash share issue

-

1,556,106

-

1,556,106

Advanced subscription

agreement

-

-

(1,492,475

)

(1,492,475

)

At 31 July 2026

(1,511,716

)

1,556,106

-

44,390