REGISTERED NUMBER: 07899275 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Techinservice Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S Landes

I Shchutskyi

SECRETARY:

A C Terry

REGISTERED OFFICE:

3rd Floor Front, 39 Ludgate Hill

London

EC4M 7JN

REGISTERED NUMBER:

07899275 (England and Wales)

ACCOUNTANTS:

Zenith Accounting Services (UK) LLP

3rd Floor

39 Ludgate Hill

London

EC4M 7JN

FIXED ASSETS

Intangible assets

4

35,277

-

Tangible assets

5

-

-

Investments

6

25,103,528

25,103,528

25,138,805

25,103,528

CURRENT ASSETS

Debtors

6,471,319

8,521,365

Investments

10,183,362

10,183,362

Cash at bank and in hand

455,096

477,801

17,109,777

19,182,528

CREDITORS

Amounts falling due within one year

(272,787

)

(2,740,112

)

NET CURRENT ASSETS

16,836,990

16,442,416

TOTAL ASSETS LESS CURRENT LIABILITIES

41,975,795

41,545,944

CREDITORS

Amounts falling due after more than one year

(1,982,215

)

(1,982,215

)

NET ASSETS

39,993,580

39,563,729

CAPITAL AND RESERVES

Called up share capital

7

1

1

Revaluation reserve

8

(3,713,363

)

(3,713,363

)

Retained earnings

43,706,942

43,277,091

SHAREHOLDERS' FUNDS

39,993,580

39,563,729

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

S Landes - Director

I Shchutskyi - Director

1.	STATUTORY INFORMATION

Techinservice Limited 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.

The financial statements have been prepared on a going concern basis and at the balance sheet date the company had net assets amounting to $39,993,580 (2025: $39,563,729).

The director, therefore, has a reasonable expectation that with his support as shareholder the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.

The Company's functional and presentational currency is USD.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

Judgement is required in assessing the appropriateness of the going concern assumption. Further details to support the assessment that the going concern basis is appropriate is provided in notes.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are:

Determining and recognising bad debt provision for doubtful debts.

Determining whether there are indicators of impairment of the company's tangible and intangible assets.

Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Financial instruments

1. Financial assets: loans and receivables

Loans and receivables are financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition loans and receivables are measured at amortised cost using the effective interest method, less any impairment losses unless the effect of discounting would be immaterial. Amortised cost is calculated taking into account any discount or premium on acquisition and includes fees that are an integral part of the effective interest rate and transaction costs. Gains and losses are recognised in the consolidated statement of comprehensive income when the loans and receivables are derecognised or impaired as well as through the amortisation process.

2. Cash and cash equivalents

Cash and cash equivalents include cash in hand, bank accounts, deposits receivable on demand and deposits with maturity dates of three months or less from the date of inception. Bank overdrafts that are repayable on demand and which form an integral part of the company's cash management are also included as a component of cash and cash equivalents where offset conditions are met.

3. Financial liabilities: interest bearing loans and borrowings

All loans and borrowings are valued initially at fair value of the proceeds received (which is determined using the prevailing market rate of interest for a similar instrument, if significantly differs from the transaction price), net of transaction costs incurred. In subsequent periods, interest bearing loans and borrowings are stated at amortised cost using the effective interest method; any difference between fair value of the proceeds (net of transaction costs) and the redemption amount is recognised as interest expense over the period of the loans and borrowings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into USD at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into USD at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions and contingencies

1. Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. Provisions are measured at the best estimate of the amount required to settle the obligation at the reporting date. Where the effect of the time value of money is material, the amount is discounted to present value.

2. Contingent liabilities

A contingent liability is a possible obligation arising from past events, whose existence will be confirmed only by the occurrence or non-occurrence of uncertain future events not wholly within the company’s control, or a present obligation that is not recognised because an outflow of economic benefits is not probable or the amount cannot be measured reliably. Contingent liabilities are not recognised in the financial statements. They are disclosed in the notes, unless the possibility of an outflow of economic benefits is remote.

3. Contingent assets

Contingent assets are not recognised. They are disclosed in the notes where an inflow of economic benefits is probable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

$

COST

Additions

35,277

At 31 January 2026

35,277

NET BOOK VALUE

At 31 January 2026

35,277

In the year, company capitalized its own work incurred as part of development of business plan implementation technique for the construction of a biofuel production plant and the non-exclusive (simple) territorial license to construct the biofuel production plant. The intangible asset will be written off over 10 years from the date it brought into use. Study was completed by an independent valuer to arrive at market value of the business plan and non-exclusive territorial licence of $615,819 thousand.

5.	TANGIBLE FIXED ASSETS

Totals

$

COST

At 1 February 2025

and 31 January 2026

16,536

DEPRECIATION

At 1 February 2025

and 31 January 2026

16,536

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

$

COST

At 1 February 2025

and 31 January 2026

25,103,528

NET BOOK VALUE

At 31 January 2026

25,103,528

At 31 January 2025

25,103,528

The company owns 49% of Karpaty Chemical B.V., a company registered in The Netherlands.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

$

$

1

Ordinary

1

1

1

8.

RESERVES

Revaluation

reserve

$

At 1 February 2025

and 31 January 2026

(3,713,363

)

9.	CONTINGENT LIABILITIES

The company entered into an agreement to acquire 33% of Karpatnaftochim Ltd, a chemical plant located in Ukraine for a total consideration of $963,949. Due to the ongoing military conflict, the asset has not been fully commissioned, and the consideration has not been paid. Given the uncertainty surrounding the ultimate outcome, the directors have not recognised the asset or the associated liability in these financial statements. If the transaction completes and the obligation falls due for payment, a liability of up to $963,949 would arise. The directors are monitoring the situation and will recognise the asset and liability when it becomes appropriate to do so under FRS102.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

$

$

I Shchutskyi

Balance outstanding at start of year

-

-

Amounts advanced

648,054

594,802

Amounts repaid

-

(594,802

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

648,054

-

A dividend of $1,000,000 was declared and paid during finalization of these financial statements, on 2 February 2026 to repay shareholders loan account in the amount of $648,054 overdrawn at the end of the financial year and forming part of other debtors. Interest at 3.75% in the amount of $11,927 was charged on this loan.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The controlling party is I Shchutskyi.