REGISTERED NUMBER: 13078017 (England and Wales)

Pristine Energy Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Hunt

J W Moat

M J Southworth

REGISTERED OFFICE:

Michael House 35 Chiswell Street

2nd Floor

London

EC1Y 4SE

REGISTERED NUMBER:

13078017 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

FIXED ASSETS

Tangible assets

4

116,580

-

CURRENT ASSETS

Stocks

5

4,097,846

5,561,788

Debtors

6

4,705,375

1,108,671

Cash at bank

92,645

54,245

8,895,866

6,724,704

CREDITORS

Amounts falling due within one year

7

4,697,972

5,312,248

NET CURRENT ASSETS

4,197,894

1,412,456

TOTAL ASSETS LESS CURRENT LIABILITIES

4,314,474

1,412,456

CREDITORS

Amounts falling due after more than one year

8

79,278

-

NET ASSETS

4,235,196

1,412,456

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

4,235,076

1,412,336

4,235,196

1,412,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

J W Moat - Director

1.	STATUTORY INFORMATION

Pristine Energy 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

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The directors have received confirmation that the parent company, Evyve Limited will continue to provide the necessary level of support to enable the company to operate for the 12 months from signing the financial statements. In considering the ability of Evyve Limited to provide any necessary support, the directors have obtained an understanding of Evyve Limited’s financial standing and the support it has received.

Taking all these factors into account, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the 12 months from signing of the financial statements and therefore continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- It is probable that future economic benefits will flow to the entity;

- Specific criteria have been met for each of the company's activities.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Leases

Accounting policy as a lessee applicable from 1 April 2025

The company leases vehicles that have approximately three years remaining. There were no leases at the transition date. The lease liability has been measured based on the fixed rental payments due over the remaining lease term.

The company applies the short-term lease recognition exemption to leases that has a lease term of 12 months or less. Where applicable, the company applies the low-value asset lease exemption.These lease payments are recognised as an expense on a straight-line basis over the lease term.

Other than for short-term leases and leases of low-value assets, the company recognises right-of-use assets representing the right to use the underlying assets and lease liabilities representing obligations to make lease payments.

Right -of-use assets

At the commencement date of the lease, the company recognises a right-of-use asset which is measured at cost. The cost of the right-of-use asset comprises:

-

the amount of the initial measurement of the lease liability

-

lease payments made at or before the commencement date, less any lease incentives received initial direct costs incurred, and

-

amounts recognised in provisions at the commencement date as an estimate of costs to be incurred for restoring the underlying asset to the condition required under the terms of the lease.

Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives.

When impairment indicators exist, the right-of-use asset is assessed for impairment.

Right-of-use assets are presented within the tangible fixed assets line in the statement of financial

position.

Lease liabilities

At the commencement date, the company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the obtainable borrowing rate as the interest rate implicit in the lease cannot be readily determined. The obtainable borrowing rate is the rate of interest the company would have to pay to borrow, over a similar term, an amount similar to the total undiscounted value of the lease payments included in the measurement of the lease liability.

The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable.

Lease liabilities (cont'd)

The variable payments that are based on a percentage of revenue earned are not considered in calculating the lease liability balance and are recognised in profit or loss when incurred.

In addition, the lease liability is remeasured if there is a change in the lease payments, a change in the lease term, a change in the assessment of an option to purchase the underlying asset or a modification (that is not accounted for as a separate lease).

The lease liability is presented within creditors in the statement of financial position.

Accounting policy as a lessee applicable before 1 April 2025

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.

New or revised standards or interpretations

Initial application of the Periodic Review 2024 amendments to ‘FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

On 27 March 2024, the FRC issued ‘Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs Periodic Review 2024’. The effective date for most amendments is accounting periods beginning on or after 1 January 2026, with earlier adoption permitted.

The most significant amendments are the replacement of Section 23, now renamed ‘Revenue from Contracts with Customers’, and Section 20 ‘Leases’. The other less significant changes, include a new Section 2A ‘Fair Value Measurement’, uncertain tax positions, business combinations and the revised Section 2 ‘Concepts and Pervasive Principles’ but these do not have a material impact on the company.

The company implemented these changes from 1 April 2025 and used the modified retrospective approach to apply the new Section 23 and Section 20. In applying this approach, comparative information has not been restated, and any retrospective cumulative effect of initial application is recognised as an adjustment to the opening balance of retained earnings.

Revenue

The revised policy introduces the five-step model for revenue recognition, aligning recognition with

the transfer of control rather than risks and rewards. The adoption of this accounting policy change did not result in any adjustment to the company's reported revenue, profit, or net assets.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

119,636

At 31 March 2026

119,636

DEPRECIATION

Charge for year

3,056

At 31 March 2026

3,056

NET BOOK VALUE

At 31 March 2026

116,580

All tangible fixed assets disclosed above relate to right-of-use assets.

As explained in note 2, the company adopted the lease accounting amendments to FRS 102 recognising right-of-use assets and corresponding lease liabilities.

5.

STOCKS

2026

2025

as

restated

£

£

Stocks

1,496,345

1,097,632

Work-in-progress

2,601,501

4,464,156

4,097,846

5,561,788

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Trade debtors

154,227

14,456

Amounts owed by group undertakings

3,015,285

320,502

Other debtors

470,785

10,000

VAT

622,813

327,748

Accrued income

430,104

360,353

Prepayments

12,161

75,612

4,705,375

1,108,671

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as

restated

£

£

Lease liability

37,555

-

Trade creditors

1,974,784

1,017,873

Amounts owed to group undertakings

1,605,203

2,231,895

Social security and other taxes

16,348

1,110

Accruals and deferred income

1,064,082

2,061,370

4,697,972

5,312,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as

restated

£

£

Lease liability

79,278

-

9.	RELATED PARTY DISCLOSURES

Evyve Projects (No.1) Limited is a non-wholly owned member of the same group. During the year, the company received £387,000 from that company to support working capital requirements and incurred purchases/other transactions totalling £3,813,978. At the year end, £298,917 was due to Evyve Projects (No.1) Limited.

C.E. Turner (Engineers) Limited is related to the company through a common director. During the year, the company made purchases of £37,338 (2025: £Nil) from that company. At the year end, £44,805 (2025: £Nil) was due to C.E. Turner (Engineers) Limited.

For the comparative year ended 31 March 2025, the company has taken advantage of the exemption permitted by FRS 102 Section 1A from disclosing related party transactions entered into on an arm’s length basis. Transactions with wholly owned companies within the same group have also not been disclosed.

10.	PARENT AND ULTIMATE PARENT UNDERTAKING

The parent company is Evy IP Services Limited, a company incorporated in England and Wales, company number 11975503, registered office Michael House 35 Chiswell Street, 2nd Floor, London, EC1Y 4SE.

The parent company of Evy IP Services Limited is Evyve Limited, a company incorporated in England and Wales, company number 11656568, registered office Michael House 35 Chiswell Street, 2nd Floor, London, EC1Y 4SE.

The ultimate parent companies of Evyve Limited are Evy Infrastructure Partners Limited and Peel NRE Developments (IOM) Limited.

Evy Infrastucture Partners Limited is a company incorporated in England and Wales, company number 12097912 , registered office Gathurst House 389 Gathurst Road, Orrell, Wigan, WN5 0LL.

Peel NRE Developments (IOM) Limited is a company incorporated in the Isle of Man, company number 007991V. Its ultimate holding company is Tokenhouse Limited, a company incorporated in the Isle Of Man. Tokenhouse Limited is controlled by the 1997 Billown Settlement. The registered office is Ballaman Manor, Ballnahowe Road, Port Erin, IM9 6JF, Isle of Man.