Annual Report and Accounts

Overview

The report describes a challenging FY24, with group revenue of £129,000 and continued losses linked to funding and transaction-delivery constraints. It highlights progress from the secured IM Bond structure and two additional inventory monetisation transactions. The ESG review characterises the Group as a low-energy user, with energy consumption significantly below 40MWh per year, and discusses its environmental, social, and governance approach. Climate disclosures are included consistently with TCFD recommendations, while the report acknowledges that its disclosure level remains incomplete.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Publication date: 12 October 2025
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Materiality

Assessment
Basis

Assurance

Statement included

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