REGISTERED NUMBER: 12131970 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TERRAROC LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M P Lemos Andrade

O Heydorn

P F P Nilsson

REGISTERED OFFICE:

10 John Street

London

WC1N 2EB

REGISTERED NUMBER:

12131970 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

3,557

4,574

Tangible assets

5

210,821

88,072

214,378

92,646

CURRENT ASSETS

Stocks

1,191,538

1,103,942

Debtors

6

535,880

588,154

Cash at bank

73,919

186,652

1,801,337

1,878,748

CREDITORS

Amounts falling due within one year

7

1,049,337

877,732

NET CURRENT ASSETS

752,000

1,001,016

TOTAL ASSETS LESS CURRENT LIABILITIES

966,378

1,093,662

CAPITAL AND RESERVES

Called up share capital

9

3

3

Share premium

3,543,533

3,543,533

Retained earnings

(2,577,158

)

(2,449,874

)

SHAREHOLDERS' FUNDS

966,378

1,093,662

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 2 November 2026 and were signed on its behalf by:

M P Lemos Andrade - Director

1.	STATUTORY INFORMATION

TerraRoc 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.

The trading address of the company is McCafferty Way, McCafferty Way Ind Estate, Grangemouth FK3 8EB.

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 company has obtained a letter of support from a group company, Debe Flow Group AB. The directors of Debe Flow Group AB have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for a period in excess of 12 months and 1 day from the date on which the audit report is signed. As a result of this commitment the directors have continued to adopt the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Change in stock accounting policy

During the year, the company changed its accounting policy for measuring inventories from standard cost to the FIFO (First In, First Out) method. The Directors consider FIFO to provide more reliable and relevant information about the company's inventory valuation and the financial performance of the business, in accordance with FRS 102 Section 10 - Accounting Policies, Estimates and Errors.

In accordance with FRS 102, the company has assessed whether it is practicable to apply this change in accounting policy retrospectively. Due to the nature of the company's inventory records, a portion of stock items held at the year end were purchased up to four years prior, and detailed purchase and delivery cost information for these older items is no longer available. As a result, it is impracticable to determine the historical FIFO cost of these items with sufficient reliability.

Consequently, the company has applied the change in accounting policy prospectively from the beginning of the current financial year. Opening inventories have not been restated, and no adjustment has been made to opening equity. The impact of adopting the FIFO method has been reflected in the current year's results and balances only.

The Directors do not consider the effect of this prospective application to be materially different from a full retrospective application, had it been practicable.

Turnover

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

Turnover is recognised on delivery of the goods.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - Straight line between 3 and 8 years

Stocks

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

Cost includes purchase cost, delivery and a portion of overheads.

Stock is sold on a first in, first out basis.

Financial instruments

Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

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.

Foreign currencies

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 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.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

5,082

AMORTISATION

At 1 January 2025

508

Charge for year

1,017

At 31 December 2025

1,525

NET BOOK VALUE

At 31 December 2025

3,557

At 31 December 2024

4,574

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

203,484

Additions

163,269

Disposals

(7,468

)

At 31 December 2025

359,285

DEPRECIATION

At 1 January 2025

115,412

Charge for year

36,039

Eliminated on disposal

(2,987

)

At 31 December 2025

148,464

NET BOOK VALUE

At 31 December 2025

210,821

At 31 December 2024

88,072

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

433,048

456,422

Amounts owed by group undertakings

14,663

58,996

Other debtors

88,169

72,736

535,880

588,154

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

379,457

395,226

Amounts owed to group undertakings

550,116

322,919

Taxation and social security

46,053

28,823

Other creditors & accruals

73,711

130,764

1,049,337

877,732

8.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

59,291

17,020

Between one and five years

62,255

14,547

121,546

31,567

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

3

Ordinary

£1

3

3

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

11.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with Terraroc Inc, a company under common control until October 2025. Sales of goods totalling £181,107 and purchases of goods totalling £61,076 were made. At year end, the balance due from Terraroc Inc was £5,634 (2024: £31,348) and the balance due to Terraroc Inc was £7,504 (2024: £nil).

12.	ULTIMATE PARENT COMPANY

The immediate parent company is Debe Infra Group AB, a company incorporated in Sweden with a registered office at Debe Flow Infra, Sweden, Vastbergavagen 41, 12630 Hagersten.

The ultimate parent company is Pomona Gruppen AB, a company incorporated in Sweden, which heads the largest group in which the results of the company are consolidated. The smallest group in which the results of the company are consolidated is headed by Debe Flow Group AB. The consolidated financial statements of these groups are not publicly available.