Yondr Group Limited

As permitted by paragraph 1A of schedule 7 to the Large and Medium Sized Companies and Groups (Accounts and Reports) Regulation 2008, certain matters which are required to be disclosed in the Directors’ Report have been omitted as they are included in the Strategic Report. The Group has therefore omitted the business review and results here. This includes a review of the performance of the Group during the year, principal risks and uncertainties and future developments. Directors' indemnity insurance Directors' liability and indemnity insurance was in force throughout the year, and to the date of approving this report, to cover the directors and offices against actions brought against them. Cover is not provided where the individual has acted fraudulently or dishonestly. Going concern The Group holds net assets of £17,195k as at 31 December 2024 and generated a profit after tax of £57k for the year then ended. The Directors believe that the Group is well placed to manage its business risks. In addition, the Directors have considered the availability of secured funding to meeting its future cashflow needs in their going concern conclusion. The Group was still establishing itself in the market and growing it’s project portfolio, which is expected to lead to greater financial performance in the coming years as these projects are completed. It is therefore assumed that Yondr Group’s future financial performance supports its ability to continue as a going concern. Based on these considerations and a received letter of support from the groups controlling party, the Directors are satisfied that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis. Research and development In 2024 the Company has continued to invest in its R&D team in order to drive innovation and challenge preconceived ideas. During the year, R&D costs relate mainly to internally generated intangible assets (software). Existence of branches The Company has no branches (2023: none). Subsidiaries In September 2024, the Company established a new wholly owned subsidiary, Yondr Operations UK Limited. The company was established to complete the data centre construction at the Group’s Slough B site in the UK. Corporate Responsibility Safety is a key priority for Yondr and hence the Group is continuously working with all stakeholders to ensure a safe work environment for all staff and all other people on data centre sites. In addition the Group works closely with its supply chain, customers and other stakeholders to reduce the environmental impact of the construction and operating of data centres. Yondr SECR reporting UK Energy Use 2023 and 2024: Emissions Intensity Metric: 2023: 26.2tonnes/£44m Sales Revenue tCo2e per £m of turnover 2023 0.60 2024: 22.54tonnes/£55m Sales Revenue tCo2e per £m of turnover 2024 0.40 Energy Efficiency Narrative: Yondr operates an ISO14001 certified Environmental Management System, and promotes good practice in minimising energy use and carbon emissions by its staff, in both transport and on-site practices. This commitment extends to, for example, offering electric vehicles to staff through a salary sacrifice scheme. When Yondr begins operating data centres in the UK, we can expect energy and carbon emissions from these to dominate our future energy use and carbon footprint. Our processes and systems will focus on efficiency and carbon emissions from our data centres. Methodologies used in calculation of our disclosures Yondr’s global carbon footprint is independently verified in accordance with ISAE 3000 (Revised). The data reported for SECR compliance is the relevant UK data, extracted from our global energy consumption and carbon footprint.