ENERGY B PLC

• ⚠

  Material uncertainty over going concern

  The Group incurred a loss for the year of approximately £645,000 and net cash operating inflow of approximately £8,000 for the year ended 31 July 2025. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ENERGY B PLC 2025-10-20 → present
2. HYDROGEN FUTURE INDUSTRIES PLC 2021-11-19 → 2025-10-20
3. HYDROGEN ONE PLC 2021-07-13 → 2021-11-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Edwards Veeder (UK) Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The Group incurred a loss for the year of approximately £645,000 and net cash operating inflow of approximately £8,000 for the year ended 31 July 2025. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. ENERGY B PLC · parent
   1. HFI Energy Systems Ltd 100% · United Kingdom · Research & development
   2. HFI IP Holdings Ltd 100% · United Kingdom · IP holding company
   3. HFI Development Ltd 100% · United Kingdom · Research & development
   4. HFI Consulting Ltd 100% · United Kingdom · Consulting
   5. HFI Ireland 70% · Ireland · Research & Development

Significant events

• “On 26 September 2025, the Board announced a proposed pivot of the Company to a bitcoin treasury strategy which would sit alongside the existing operated technology business.”
• “On 6 October 2025 the Company conditionally raised gross proceeds of £400,000 through the conditional issue of 40 million new ordinary shares at a price of 1 pence per share.”
• “The Company conditionally agreed to issue approximately 17.2 million new Ordinary Shares at 1 pence per share to settle creditor liabilities of approximately £172,000.”
• “A General Meeting subsequently held on 13 October 2025 approved the Company's new corporate strategy. In connection with this, the Company changed its name to energy B plc to reflect the revised strategic focus and undertook a 50 to 1 share consolation to provide a capital structure intended to be more attractive to crypto currency focused investors.”
• “A subsequent downturn in the bitcoin price led the newly appointed directors to conclude they would be unable to complete their proposed funding and cryptocurrency treasury policy, and they resigned from the Board without notice on 3 December 2025.”
• “On 10th May 2025, the Company signed a declaration of trust to transfer its interest in its wholly owned subsidiary, HFI Energy Systems (US), to the Company's CEO, retaining no interest in the entity and with no consideration.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

5

last 24 months

Officers appointed

1

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +84.6%

  £13,000 → £24,000

• Net assets

  -108.6%

  £570,000 → -£49,000

• Employees

  0%

  5 → 5

• Operating profit

  +34.2%

  -£949,000 → -£624,000

• Profit before tax

  +38.4%

  -£1,047,000 → -£645,000

• Wages

  -27%

  £200,000 → £146,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers