REGISTERED NUMBER: 09141043 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 January 2026

for

PLJ Energy Ltd

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

18

DIRECTORS:

Mr C Edmonds

Mr C Oxley

Mr D Whiles

Mrs V Canning

REGISTERED OFFICE:

Elizabeth House

Latimer Way

Sherwood Energy Village

Ollerton

Nottinghamshire

NG22 9QW

REGISTERED NUMBER:

09141043 (England and Wales)

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

The directors present their strategic report of the company and the group for the year ended 31 January 2026.

REVIEW OF BUSINESS

PLJ Energy Ltd has experienced a challenging yet productive year, successfully delivering major projects and maintaining strong relationships with key clients, including HWB, NHS, and Center Parcs. There has been a slight increase in turnover, in increasingly competitive market conditions driven by sustained low module pricing, our commitment to high-quality service and reliability remains firm, underpinning our strong reputation in the industry.

PRINCIPAL RISKS AND UNCERTAINTIES

The primary risks faced by the group include:

- Material Costs Uncertainty: Persistent low costs of solar modules have intensified market competition. We have responded by strategically focusing on government-funded projects and investing significantly in early engagement and detailed Stage 3 design processes to enhance our competitive position and secure early project involvement.

- Skill Retention and Development: Addressing ongoing skill shortages remains crucial. Transitioning to an Employee Ownership Trust (EOT), we have substantially increased investment in employee development, enhancing skills, and boosting employee motivation and loyalty. Continued internal training programmes are a core part of our strategy to build and sustain our skilled workforce.

KEY PERFORMANCE INDICATORS (KPI'S)

Financial KPI

- Revenue Stability: Maintain revenue stability in a competitive market, positioning for growth through strategic selection of projects and investment in early-stage engagements.

- Turnover: Turnover was up by 3.62% during the year, increasing from £15.9m to £16.5m in 2025.

- Gross Profit Margin: As well as the increase in turnover, the gross profit margin was up from 37.53% in 2024 to 39.01% in these financial statements.

- Net Profit Margin: Despite the increases in turnover and gross profit margin, the net profit margin decreased from 27.2% in 2024 to 24.2%.

Non-Financial KPI

Enhanced Employee Retention and Skill Development: Continued focus on employee retention and development under the EOT framework, ensuring a skilled, committed workforce.

FUTURE PLANS AND STRATEGIC DIRECTION

Looking ahead, PLJ Energy Ltd is poised for continued growth with clear strategic priorities:

- Government Sector Focus: Intensify efforts in securing government-funded projects, leveraging investment in early project engagement and rigorous Stage 3 design processes to position as a preferred partner for complex, value-driven projects.

- Technology and Innovation: Sustain investment in advanced design capabilities and operational efficiency. Utilise technology, particularly in design and project management, to deliver cost-effective and superior solutions.

- Workforce Excellence: With the EOT fully established, continue prioritising the recruitment, retention, and development of a highly skilled workforce through competitive remuneration, targeted training, and clear career progression pathways.

- Sustainability Initiatives: Maintain commitment to sustainability by further reducing our environmental footprint and promoting eco-friendly practices internally and among our clients.

- Customer Engagement: Further enhance client relationships through exceptional post-installation support, driving customer satisfaction and loyalty.

- Financial Management: Maintain prudent financial management, balancing rigorous cost control with strategic investments in growth to sustain profitability and resilience.

CONCLUSION

PLJ Energy Ltd is strategically positioned to successfully navigate ongoing market challenges, delivering long-term value through targeted project engagement, workforce excellence, innovation, sustainability, and sound financial management.

ON BEHALF OF THE BOARD:

Mr C Edmonds - Director

30 October 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of installation and supply of renewable energy products.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

Mr C Edmonds

Mr C Oxley

Mr D Whiles

Mrs V Canning

DONATIONS

During the year, the group made multiple donations totalling £3,786 (2024:£2,900).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, SMH Group Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr C Edmonds - Director

30 October 2026

Opinion

We have audited the financial statements of PLJ Energy Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 January 2026 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based approach. In this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102, the relevant tax compliance regulations within the UK,employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of material misstatement as a result of fraud are also considered. These are assessed by obtaining an understanding of the company's operations and control environment. The policies and controls have been reviewed by discussion, review and sample testing of accounting entries, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches. Income recognition and cut off are also tested.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the company operates in and its size and complexity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

30 October 2026

TURNOVER

3

12,535,346

16,519,253

Cost of sales

7,725,969

10,079,129

GROSS PROFIT

4,809,377

6,440,124

Distribution costs

1,112,966

1,096,192

Administrative expenses

980,350

1,238,562

2,093,316

2,334,754

2,716,061

4,105,370

Other operating income

1,276

1,946

OPERATING PROFIT

5

2,717,337

4,107,316

Interest receivable and similar income

30,240

1,740

2,747,577

4,109,056

Interest payable and similar expenses

6

7,124

55,930

PROFIT BEFORE TAXATION

2,740,453

4,053,126

Tax on profit

7

666,206

1,006,880

PROFIT FOR THE FINANCIAL YEAR

2,074,247

3,046,246

Profit attributable to:

Owners of the parent

2,074,247

3,046,246

PROFIT FOR THE YEAR

2,074,247

3,046,246

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,074,247

3,046,246

Total comprehensive income attributable to:

Owners of the parent

2,074,247

3,046,246

FIXED ASSETS

Intangible assets

9

-

842

Tangible assets

10

139,261

141,142

Investments

11

-

-

139,261

141,984

CURRENT ASSETS

Stocks

12

12,810

15,414

Debtors

13

2,167,005

1,474,240

Cash at bank and in hand

3,073,948

2,634,223

5,253,763

4,123,877

CREDITORS

Amounts falling due within one year

14

1,764,456

1,191,324

NET CURRENT ASSETS

3,489,307

2,932,553

TOTAL ASSETS LESS CURRENT LIABILITIES

3,628,568

3,074,537

CREDITORS

Amounts falling due after more than one year

15

(12,057

)

(34,730

)

PROVISIONS FOR LIABILITIES

19

(16,303

)

(13,846

)

NET ASSETS

3,600,208

3,025,961

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

21

3,600,108

3,025,861

SHAREHOLDERS' FUNDS

3,600,208

3,025,961

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr C Edmonds - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

276,390

276,390

276,390

276,390

CURRENT ASSETS

Debtors

13

1,374,485

1,409,706

CREDITORS

Amounts falling due within one year

14

3,412

42,521

NET CURRENT ASSETS

1,371,073

1,367,185

TOTAL ASSETS LESS CURRENT LIABILITIES

1,647,463

1,643,575

CAPITAL AND RESERVES

Called up share capital

20

100

100

Retained earnings

1,647,363

1,643,475

SHAREHOLDERS' FUNDS

1,647,463

1,643,575

Company's profit for the financial year

1,503,888

4,836,273

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr C Edmonds - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

100

6,421,677

52,939

6,474,716

Changes in equity

Total comprehensive income

-

3,099,185

(52,939

)

3,046,246

Contributions to EOT

-

(6,495,001

)

-

(6,495,001

)

Balance at 31 January 2025

100

3,025,861

-

3,025,961

Changes in equity

Total comprehensive income

-

2,074,247

-

2,074,247

Contributions to EOT

-

(1,500,000

)

-

(1,500,000

)

Balance at 31 January 2026

100

3,600,108

-

3,600,208

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2024

100

3,302,203

3,302,303

Changes in equity

Total comprehensive income

-

4,836,273

4,836,273

Contributions to EOT

-

(6,495,001

)

(6,495,001

)

Balance at 31 January 2025

100

1,643,475

1,643,575

Changes in equity

Total comprehensive income

-

1,503,888

1,503,888

Contributions to EOT

-

(1,500,000

)

(1,500,000

)

Balance at 31 January 2026

100

1,647,363

1,647,463

Cash flows from operating activities

Cash generated from operations

1

2,899,519

3,498,494

Interest paid

(2,353

)

(53,756

)

Interest element of hire purchase payments paid

(2,174

)

(2,174

)

Tax paid

(926,534

)

(1,460,736

)

Net cash from operating activities

1,968,458

1,981,828

Cash flows from investing activities

Purchase of tangible fixed assets

(33,962

)

(18,147

)

Sale of tangible fixed assets

-

503,071

Interest received

30,240

1,740

Net cash from investing activities

(3,722

)

486,664

Cash flows from financing activities

Capital repayments in year

(25,011

)

(295,669

)

Amount introduced by directors

-

255,691

Amount withdrawn by directors

-

(71,740

)

Contributions to EOT

(1,500,000

)

(6,495,001

)

Net cash from financing activities

(1,525,011

)

(6,606,719

)

Increase/(decrease) in cash and cash equivalents

439,725

(4,138,227

)

Cash and cash equivalents at beginning of year

2

2,634,223

6,772,450

Cash and cash equivalents at end of year

2

3,073,948

2,634,223

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit before taxation

2,740,453

4,053,126

Depreciation charges

36,685

42,165

Profit on disposal of fixed assets

-

(1,570

)

Finance costs

7,124

55,930

Finance income

(30,240

)

(1,740

)

2,754,022

4,147,911

Decrease in stocks

2,604

7,793

(Increase)/decrease in trade and other debtors

(692,765

)

949,186

Increase/(decrease) in trade and other creditors

835,658

(1,606,396

)

Cash generated from operations

2,899,519

3,498,494

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2026

31/1/26

1/2/25

£

£

Cash and cash equivalents

3,073,948

2,634,223

Year ended 31 January 2025

31/1/25

1/2/24

£

£

Cash and cash equivalents

2,634,223

6,772,450

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/2/25

Cash flow

At 31/1/26

£

£

£

Net cash

Cash at bank and in hand

2,634,223

439,725

3,073,948

2,634,223

439,725

3,073,948

Debt

Finance leases

(35,551

)

12,189

(23,362

)

Debts falling due within 1 year

(10,225

)

(259

)

(10,484

)

Debts falling due after 1 year

(11,368

)

10,484

(884

)

(57,144

)

22,414

(34,730

)

Total

2,577,079

462,139

3,039,218

1.	STATUTORY INFORMATION

PLJ 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work,claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given

period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

2026

2025

£

£

PV and Electrical

9,984,094

12,386,107

Mechanical

1,911,644

3,758,356

Maintenance

583,616

374,790

Design and Management Services

55,992

-

12,535,346

16,519,253

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

12,535,346

16,519,253

12,535,346

16,519,253