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REGISTERED NUMBER: OC392646 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

LER PARTNERSHIP LLP

LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page |

General Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

LER PARTNERSHIP LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DESIGNATED MEMBERS: | Professor D Bunn

| London Energy Research Limited

| REGISTERED OFFICE: | 16 Bingham Place

| LONDON

| W1U 5AZ

| REGISTERED NUMBER: | OC392646 (England and Wales)

| ACCOUNTANTS: | Wells Associates

| Ground Floor Oakhurst House

| 77 Mount Ephraim

| Tunbridge Wells

| Kent

| TN4 8BS

LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 2,402 |  | 3,203 |  |

Investment property | 5 | 1,469,357 |  | 1,469,357 |  |

1,471,759 |  | 1,472,560 |  |

CURRENT ASSETS

Debtors | 6 | 389 |  | 983 |  |

Cash at bank | 215,848 |  | 183,985 |  |

216,237 |  | 184,968 |  |

CREDITORS

Amounts falling due within one year | 7 | (2,070 | ) | (1,991 | ) |

NET CURRENT ASSETS | 214,167 |  | 182,977 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,685,926 |  | 1,655,537 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 268,705 |  | 238,316 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 1,417,221 |  | 1,417,221 |  |

1,685,926 |  | 1,655,537 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 268,705 |  | 238,316 |  |

Members' other interests | 1,417,221 |  | 1,417,221 |  |

1,685,926 |  | 1,655,537 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 July 2026 and were signed by:

Professor D Bunn - Designated member

LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| LER Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Tangible fixed assets

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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. | EMPLOYEE INFORMATION

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

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 7,593 |  |

| DEPRECIATION

| At 1 April 2025 | 4,390 |  |

| Charge for year | 801 |  |

| At 31 March 2026 | 5,191 |  |

| NET BOOK VALUE

| At 31 March 2026 | 2,402 |  |

| At 31 March 2025 | 3,203 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2025

| and 31 March 2026 | 1,469,357 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,469,357 |  |

| At 31 March 2025 | 1,469,357 |  |

| The investment properties have been valued at 31 March 2024 by the members of the LLP, an independent expert has not been used. The valuation is considered to be the current market value for the investment properties concerned taking into account the current market conditions, the rental status of the properties and the income arising.

LER PARTNERSHIP LLP (REGISTERED NUMBER: OC392646)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Other debtors | 389 |  | 983 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | - |  | 1 |  |

| Other creditors | 2,070 |  | 1,990 |  |

2,070 |  | 1,991 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.