(a) | New and amended standards mandatory for the first time for the financial periods beginning on or after 30 June 2024. |
(b) | New standards, amendments and interpretations in issue but not yet effective or not yet endorsed and not early adopted. |
Standard | Impact on initial application | Effective date |
IAS 21 (Amendments) | Lack of Exchangeability | 1 January 2025 |
IFRS 18 | Presentation and Disclosure in Financial Statements | 1 January 2027 |
IFRS 9&7 (Amendments) | Classification and Measurement of Financial Instruments | 1 January 2026 |
Annual improvements to | \u00a0 | 1 January 2026 |
IFRS - Volume 11 | \u00a0 | \u00a0 |
\u00a0 | \u25cf | The contractual arrangement with the other vote holders of the investee; |
\u00a0 | \u25cf | Rights arising from other contractual arrangements; and |
\u00a0 | \u25cf | The Group's voting rights and potential voting rights |
a) | Functional and presentation currency |
\u00a0 | \u00a0 |
\u00a0 | Items included in the Financial Information are measured using the currency of the primary economic environment in which the entity operates (the \u2018functional currency'). The functional currency of the parent company is Pounds Sterling as is the functional currency of the UK subsidiary which is Imperial Minerals (UK) Limited. The functional currency of the Canadian subsidiary, Cloudbreak Exploration Inc. is Canadian Dollars. The functional currency of the US subsidiaries, Cloudbreak Discovery (US) Ltd. and Cloudbreak Energy (US) Ltd. is US Dollars. The Financial Information in The Group's overseas subsidiaries are translated in accordance with IAS 21 - The Effect of Changes in Foreign Exchange Rates. |
\u00a0 | \u00a0 |
\u00a0 | During the year ended 30 June 2024, the Company disposed of Kudu Resources and Kudu Resources Guinea as part of a settlement agreement. |
b) | Transactions and balances |
\u00a0 | \u00a0 |
\u00a0 | Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where such items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income Statement in other comprehensive income. The financial statements are presented in Pounds Sterling (\u00a3), the functional currency of Cloudbreak Discovery Plc is Pounds Sterling, as is the functional currency of the UK subsidiary which is Imperial Minerals (UK) Limited. |
\u2022 | \u201cShare capital\u201d represents the nominal value of the Ordinary shares; |
\u2022 | \u201cShare Premium\u201d represents consideration less nominal value of issued shares and costs directly attributable to the issue of new shares; |
\u2022 | \u201cReverse asset acquisition reserve\u201d represents the retained losses of the Company before acquisition and the Company equity at reverse acquisition. |
\u2022 | \u201cOther reserves\u201d represents the foreign currency translation reserve, warrant reserve and share option reserve where; |
o | \u201cForeign currency translation reserve\u201d represents the translation differences arising from translating the financial statement items from functional currency to presentational currency; |
o | \u201cWarrant reserve\u201d represents share warrants awarded by the Group; |
o | \u201cShare option reserve\" represents share options awarded by the Group; |
\u2022 | \u201cRetained deficit or losses\u201d represents retained losses. |
\u2022 | including any market performance conditions; |
\u00a0 | \u00a0 |
\u2022 | excluding the impact of any service and non-market performance vesting conditions (for example, profitability or sales growth targets, or remaining an employee of the entity over a specified time period); and |
\u00a0 | \u00a0 |
\u2022 | including the impact of any non-vesting conditions. |
(a) | New and amended standards mandatory for the first time for the financial periods beginning on or after 30 June 2024. |
(b) | New standards, amendments and interpretations in issue but not yet effective or not yet endorsed and not early adopted. |
Standard | Impact on initial application | Effective date |
IAS 21 (Amendments) | Lack of Exchangeability | 1 January 2025 |
IFRS 18 | Presentation and Disclosure in Financial Statements | 1 January 2027 |
IFRS 9&7 (Amendments) | Classification and Measurement of Financial Instruments | 1 January 2026 |
Annual improvements to | \u00a0 | 1 January 2026 |
IFRS - Volume 11 | \u00a0 | \u00a0 |
\u00a0 | \u25cf | The contractual arrangement with the other vote holders of the investee; |
\u00a0 | \u25cf | Rights arising from other contractual arrangements; and |
\u00a0 | \u25cf | The Group's voting rights and potential voting rights |
a) | Functional and presentation currency |
\u00a0 | \u00a0 |
\u00a0 | Items included in the Financial Information are measured using the currency of the primary economic environment in which the entity operates (the \u2018functional currency'). The functional currency of the parent company is Pounds Sterling as is the functional currency of the UK subsidiary which is Imperial Minerals (UK) Limited. The functional currency of the Canadian subsidiary, Cloudbreak Exploration Inc. is Canadian Dollars. The functional currency of the US subsidiaries, Cloudbreak Discovery (US) Ltd. and Cloudbreak Energy (US) Ltd. is US Dollars. The Financial Information in The Group's overseas subsidiaries are translated in accordance with IAS 21 - The Effect of Changes in Foreign Exchange Rates. |
\u00a0 | \u00a0 |
\u00a0 | During the year ended 30 June 2024, the Company disposed of Kudu Resources and Kudu Resources Guinea as part of a settlement agreement. |
b) | Transactions and balances |
\u00a0 | \u00a0 |
\u00a0 | Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where such items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income Statement in other comprehensive income. The financial statements are presented in Pounds Sterling (\u00a3), the functional currency of Cloudbreak Discovery Plc is Pounds Sterling, as is the functional currency of the UK subsidiary which is Imperial Minerals (UK) Limited. |
\u2022 | \u201cShare capital\u201d represents the nominal value of the Ordinary shares; |
\u2022 | \u201cShare Premium\u201d represents consideration less nominal value of issued shares and costs directly attributable to the issue of new shares; |
\u2022 | \u201cReverse asset acquisition reserve\u201d represents the retained losses of the Company before acquisition and the Company equity at reverse acquisition. |
\u2022 | \u201cOther reserves\u201d represents the foreign currency translation reserve, warrant reserve and share option reserve where; |
o | \u201cForeign currency translation reserve\u201d represents the translation differences arising from translating the financial statement items from functional currency to presentational currency; |
o | \u201cWarrant reserve\u201d represents share warrants awarded by the Group; |
o | \u201cShare option reserve\" represents share options awarded by the Group; |
\u2022 | \u201cRetained deficit or losses\u201d represents retained losses. |
\u2022 | including any market performance conditions; |
\u00a0 | \u00a0 |
\u2022 | excluding the impact of any service and non-market performance vesting conditions (for example, profitability or sales growth targets, or remaining an employee of the entity over a specified time period); and |
\u00a0 | \u00a0 |
\u2022 | including the impact of any non-vesting conditions. |
\u00a0 | \u2022 | The Group no longer has title to mineral leases or the title will expire in the near future and is not expected to be renewed. |
\u00a0 | \u2022 | A decision has been taken by the Board to discontinue exploration due to the absence of a commercial level of reserves. |
\u00a0 | \u2022 | Sufficient data exists to indicate that the costs incurred will not be fully recovered from future development and participation. |
\u00a0 | \u2022 | No further exploration or evaluation is planned or budgeted. |
\u00a0 | Group | |
\u00a0 | \u00a0 | \u00a0 |
\u00a0 | 30 June 2025 | 30 June 2024 |
Exploration & Evaluation Assets | \u00a3 | \u00a3 |
South Timmins, British Columbia | - | 1 |
Atlin West Property | - | 1 |
Yak Property | - | 1 |
Rizz Property | - | 1 |
Icefall Property | - | 1 |
Northern Treasure Property | - | - |
Rupert Property, British Columbia | - | 1 |
Apple Bay Property, British Columbia | - | 1 |
Foggy Mountain, British Columbia | - | - |
Bobcat Property, Idaho | - | 46,733 |
Elk Creek, Pennsylvania | - | 34,130 |
As at June 30 | - | 80,870 |
\u00a0 | Group | |
\u00a0 | 30 June 2025 | 30 June 2024 |
Exploration & Evaluation Assets | \u00a3 | \u00a3 |
Cost | \u00a0 | \u00a0 |
As at 1 July | 80,870 | 236,518 |
Additions | - | - |
Disposals | - | (41,919) |
Impairments | (74,522) | (107,684) |
Forex movement | (6,348) | (6,045) |
As at June 30 | - | 80,870 |
\u00a0 | Company | |
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 |
Shares in Group Undertakings | \u00a0 | \u00a0 |
At beginning of period | 19,296 | 1,997,048 |
Shares transferred to CEI | - | - |
Impairments | (19,278) | (1,555,612) |
At end of period | 18 | 441,436 |
(Repayments)/Loans to group undertakings | - | (422,140) |
Total | 18 | 19,296 |
\u00a0 | Company | |
\u00a0 | 30 June 2025 | 30 June 2024 |
\u00a0 | \u00a3 | \u00a3 |
At beginning of the period | 256,560 | 43,046 |
Additions | - | 363,868 |
Impairments | (237,257) | - |
Fair value movement | (7,110) | (150,354) |
Total | 12,193 | 256,560 |
\u00a0 | \u00a0 | \u00a0 | Proportion | Proportion of | \u00a0 |
\u00a0 | \u00a0 | Country of | of ordinary | ordinary | \u00a0 |
\u00a0 | \u00a0 | incorporation | shares held | shares held | \u00a0 |
\u00a0 | \u00a0 | and place of | by parent | by the Group | \u00a0 |
Name of subsidiary | Registered office address | business | (%) | (%) | Nature of business |
Imperial Minerals (UK) Limited | 6th Floor, 60 Gracechurch Street, London, EC3V 0HR | United Kingdom | 100% | 100% | Dormant |
Cloudbreak Exploration Inc. | Suite 520/999 West Hastings Street, Vancouver BC V6C2W2 | Canada | 100% | 100% | A mineral property project generator |
Cloudbreak Discovery (US) Ltd. | 1209 Orange Street, Wilmington, New Castle, Delaware, 19801 | USA | 100% | 100% | Mineral exploration projects |
Cloudbreak Energy (US) Ltd. | 1209 Orange Street, Wilmington, New Castle, Delaware, 19801 | USA | 100% | 100% | Oil and Gas acquisitions |
\u00a0 | Level 1 | Level 2 | Level 3 | Total |
\u00a0 | \u00a3 | \u00a3 | \u00a3 | \u00a3 |
30 June 2024 | 179,917 | - | 237,300 | 417,217 |
Additions | - | - | - | - |
Disposals | (88,465) | - | - | (88,465) |
Fair value changes | (31,962) | - | - | (31,962) |
Realised loss on investments | - | - | - | - |
Foreign exchange | (15,243) | - | - | (15,243) |
Impairment | (12,441) | - | (237,257) | (249,698) |
30 June 2025 | 31,806 | - | 43 | 31,849 |
\u00a0 | Group | |
\u00a0 | 30 June 2025 | 30 June 2024 |
\u00a0 | \u00a3 | \u00a3 |
Opening | 1,581,428 | 1,059,060 |
Additions | - | - |
Fair Value Movement | 10,014 | (3,204) |
Impairment | (1,416,442) | (474,428) |
At end of period | 175,000 | 1,581,428 |
\u00a0 | \u00a0 | Group | |
\u00a0 | \u00a0 | 30 June 2025 | 30 June 2024 |
\u00a0 | \u00a0 | \u00a3 | \u00a3 |
Convertible loan note | $500,000 USD (\u00a3395,975) | 82,194 | 82,194 |
Convertible loan note | $420,000 USD (\u00a3332,668) | 48,930 | 48,930 |
Convertible loan note | $49,790 USD (\u00a339,437) | 10,358 | 10,358 |
Convertible loan note | $250,000 USD (\u00a36,573) | 30,739 | 30,739 |
Impairment provision | \u00a0 | (172,221) | (172,221) |
\u00a0 | \u00a0 | - | - |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 | \u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 |
Other Receivables | 1,358 | 89,139 | \u00a0 | 6,530 | 324 |
Tax Receivables | - | 17,203 | \u00a0 | - | - |
Sundry Receivables | 140,000 | 225,874 | \u00a0 | 140,000 | 225,874 |
Trade Receivables | 323,307 | 350,987 | \u00a0 | - | - |
Prepayments | - | 1,599 | \u00a0 | - | 1,599 |
Provision for bad debt | (463,307) | (498,877) | \u00a0 | (140,000) | (140,000) |
\u00a0 | 1,358 | 185,925 | \u00a0 | 6,530 | 87,797 |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June | 30 June | \u00a0 | 30 June | 30 June |
\u00a0 | 2025 | 2024 | \u00a0 | 2025 | 2024 |
\u00a0 | \u00a3 | \u00a3 | \u00a0 | \u00a3 | \u00a3 |
UK Pounds | 1,349 | 89,146 | \u00a0 | 6,530 | 87,797 |
Canadian Dollars | - | 96,770 | \u00a0 | - | - |
US Dollars | 9 | 9 | \u00a0 | - | - |
\u00a0 | 1,358 | 185,925 | \u00a0 | 6,530 | 87,797 |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 | \u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 |
Cash at bank and in hand | 53,197 | 195,157 | \u00a0 | 52,758 | 94,586 |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 | \u00a0 | 30 June 2025 \u00a3 | 30 June 2024 \u00a3 |
UK Pounds | 52,742 | 84,389 | \u00a0 | 52,742 | 84,389 |
US Dollars | 439 | 10,197 | \u00a0 | - | 10,197 |
Canadian Dollars | - | 100,571 | \u00a0 | - | - |
Australian Dollars | 16 | - | \u00a0 | 16 | - |
\u00a0 | 53,197 | 195,157 | \u00a0 | 52,758 | 94,586 |
\uf0b7 | to safeguard the entity's ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders; and |
\uf0b7 | to provide an adequate return to shareholders. |
\u00a0 | 2025 | 2024 |
\u00a0 | Other comprehensive income and Net assets | Other comprehensive income and Net assets |
\u00a0 | \u00a3 | \u00a3 |
Decrease if overall share price falls by 20%, with all other variables held constant | (6,032) | (83,443) |
\u00a0 | \u00a0 | \u00a0 |
Decrease in other comprehensive earnings and net asset value per Ordinary share (in pence) | - | (0.45) |
\u00a0 | \u00a0 | \u00a0 |
Increase if overall share price rises by 20%, with all other variables held constant | 6,032 | 83,443 |
Increase in other comprehensive earnings and net asset value | - | 0.45 |
per Ordinary share (in pence) | \u00a0 | \u00a0 |
\u00a0 | 2025 \u00a3 | 2024 \u00a3 |
Cash at bank | 53,197 | 195,157 |
Other receivables | 1,358 | 185,925 |
Convertible debenture receivable | 175,000 | 1,581,428 |
\u00a0 | 229,555 | 1,962,510 |
Financial assets | 2025 \u00a3 | 2024 \u00a3 |
Trade and other receivables - Non interest earning | 1,358 | 185,925 |
\u00a0 | 2025 | 2024 restated |
Financial liabilities | \u00a3 | \u00a3 |
Trade and other payables - Non interest earning | 546,794 | 1,498,938 |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 (restated) \u00a3 | \u00a0 | 30 June 2025 \u00a3 | 30 June 2024 (restated) \u00a3 |
Trade payables | 477,527 | 489,420 | \u00a0 | 465,524 | 419,937 |
Accruals | 78,307 | 90,115 | \u00a0 | 78,307 | 90,115 |
Other Creditors | 10,460 | 919,403 | \u00a0 | 123,707 | 919,268 |
Trade and other payables | 566,294 | 1,498,938 | \u00a0 | 667,538 | 1,429,320 |
\u00a0 | Group | \u00a0 | Company | ||
\u00a0 | 30 June 2025 \u00a3 | 30 June 2024 (restated) \u00a3 | \u00a0 | 30 June 2025 \u00a3 | 30 June 2024 (restated) \u00a3 |
UK Pounds | 554,292 | 1,429,320 | \u00a0 | 667,538 | 1,429,320 |
Canadian Dollars | 12,002 | 69,618 | \u00a0 | - | - |
\u00a0 | 566,294 | 1,498,938 | \u00a0 | 667,538 | 1,429,320 |
\u00a0 | CLN 3 \u00a3 | CLN 4 \u00a3 | 30 June 2025 \u00a3 |
\u00a0 | \u00a0 | \u00a0 | \u00a0 |
Convertible loan note | 25,000 | 15,000 | 40,000 |
Interest | \u00a0 | \u00a0 | \u00a0 |
Accrued interest | 6,000 | 3,600 | 9,600 |
\u00a0 | \u00a0 | \u00a0 | \u00a0 |
Total | 31,000 | 18,600 | 49,600 |
Equity | \u00a0 | \u00a0 | \u00a0 |
Amount classified as equity | 1,023 | 529 | 1,552 |
Total | 1,023 | 529 | 1,552 |
\u00a0 | Number of shares | Share capital \u00a3 | Share premium \u00a3 | Total \u00a3 |
As at 30 June 2023 | 607,678,805 | 778,635 | 16,753,221 | 17,531,856 |
Issue of new shares - 20 May 2024 | 121,531,891 | 121,532 | 486,128 | 607,660 |
As at 30 June 2024 | 729,210,696 | 900,167 | 17,239,349 | 18,139,516 |
Issue of new shares - 25 July 2024 | 16,652,055 | 16,652 | 49,956 | 66,608 |
Issue of new shares - 25 July 2024 | 305,832,210 | 305,832 | 601,878 | 907,710 |
Issue of new shares - 25 July 2024 | 81,380,671 | 81,379 | 160,157 | 241,536 |
Issue of new shares - 30 May 2025 | 120,000,000 | 120,000 | 60,000 | 180,000 |
As at 30 June 2025 | 1,253,075,632 | 1,424,030 | 18,111,340 | 19,535,370 |
\uf0b7 | 16,652,055 new ordinary shares issued at a price of \u00a30.004 per Share, to correct the position created by the conversion of convertible loan notes on 22 May 2024, where too few ordinary shares were issued as a result of the miscalculation of the conversion price; |
\uf0b7 | 305,832,210 new ordinary shares issued at a price of \u00a30.002968 per Share, pursuant to the conversion of an outstanding debt owed by the Company to the value of \u00a3907,710; and |
\uf0b7 | 81,380,671 new ordinary shares issued at a price of \u00a30.002968 per Share to certain creditors of the Company to capitalise amounts owed to them for the provision of their services to the Company |
\u00a0 | Options | Warrants | Weighted average exercise price (\u00a3) |
As at 30 June 2023 | 21,750,000 | 18,244,724 | 0.04 |
Options - Lapsed | (13,100,000) | - | 0.03 |
Warrants - Lapsed | - | (8,714,227) | 0.05 |
Warrants - Expired | - | (9,530,497) | 0.04 |
As at 30 June 2024 | 8,650,000 | - | 0.04 |
\u00a0 | \u00a0 | \u00a0 | \u00a0 |
As at 30 June 2025 | 8,650,000 | - | 0.04 |
\u00a0 | 2021 Options | 2022 Options | 2023 Options | \u00a0 |
Granted on: | 2/06/2020 | 25/8/2021 | 9/8/2022 | \u00a0 |
Original Number of options | 5,050,000 | 11,250,000 | 7,250,000 | \u00a0 |
Life (years) | 3.08 years | 4 years | 3 years | \u00a0 |
Share price (pence per share) | 0.025p | 0.03p | 0.025p | \u00a0 |
Risk free rate | 0.64% | 0.62% | 1.78% | \u00a0 |
Expected volatility | 100% | 20.55% | 51.43% | \u00a0 |
Expected dividend yield | - | - | - | \u00a0 |
Original Total fair value | \u00a399,572 | \u00a311,238 | \u00a336,723 | \u00a0 |
Current expiry date | 28/05/2030 | 25/08/2025 | 05/08/2025 | \u00a0 |
\u00a0 | 2025 | 2024 | ||||||
Range of exercise prices (\u00a3) | Weighted average exercise price (\u00a3) | Number of shares | Weighted average remaining life expected (years) | Weighted average remaining life contracted (years) | Weighted average exercise price (\u00a3) | Number of shares | Weighted average remaining life expected (years) | Weighted average remaining life contracted (years) |
0 - 0.029 | - | - | - | - | 0.02 | 5,550,000 | 3.510 | 3.510 |
0.03 - 0.049 | - | - | - | - | 0.03 | 3,100,000 | 1.150 | 1.150 |
0.05 - 0.099 | - | - | - | - | - | - | - | - |
0.10 - 0.15 | - | - | - | - | - | - | - | - |
\u00a0 | Group - year ended 30 June 2024 | ||||
\u00a0 | Share based payment reserve \u00a3 | Warrant option reserve \u00a3 | Foreign currency translation reserve \u00a3 | Contingent share reserve \u00a3 | Total \u00a3 |
At 30 June 2023 | 121,390 | 219,313 | 178,342 | - | 519,045 |
Currency translation differences | - | - | (33,828) | - | (33,828) |
Lapsed options | (75,281) | - | - | - | (75,281) |
Lapsed warrants | - | (249,123) | - | - | (249,123) |
Equity component of convertible loan note | - | - | - | 1,552 | 1,552 |
At 30 June 2024 | 46,109 | (29,810) | 144,514 | 1,552 | 162,365 |
\u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
\u00a0 | Group - year ended 30 June 2025 | ||||
\u00a0 | Share based payment reserve | Warrant option reserve | Foreign currency translation reserve | Contingent share reserve | Total |
\u00a0 | \u00a3 | \u00a3 | \u00a3 | \u00a3 | \u00a3 |
At 30 June 2024 | 46,109 | (29,810) | 144,514 | 1,552 | 162,365 |
Currency translation differences | - | - | (9,228) | - | (9,228) |
Lapsed options | - | - | - | - | - |
Lapsed warrants | - | 29,810 | - | - | 29,810 |
Shares to issue - Share Based Payments | 20,700 | - | - | - | 20,700 |
At 30 June 2025 | 66,809 | - | 135,286 | 1,552 | 203,647 |
\u00a0 | Group | \u00a0 | |
Staff costs | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 \u00a3 | \u00a0 |
Directors Fees, salaries and Consulting Fees | 93,500 | 216,000 | \u00a0 |
Share based payments | 20,700 | - | \u00a0 |
\u00a0 | 114,200 | 216,000 | \u00a0 |
\u00a0 | \u00a0 | Year ended 30 June 2025 | |
\u00a0 | Short-term benefits \u00a3 | Share based payments \u00a3 | Total \u00a3 |
Directors | \u00a0 | \u00a0 | \u00a0 |
Paul Gurney | - | - | - |
Emma Priestley | 24,000 | - | 24,000 |
Andrew Male* | 50,000 | - | 50,000 |
Thomas Evans | 2,000 | 6,300 | 8,300 |
Peter Huljich | 17,500 | 14,400 | 31,900 |
\u00a0 | 93,500 | 20,700 | 114,200 |
\u00a0 | Year ended 30 June 2024 | |
\u00a0 | Short-term benefits \u00a3 | Total \u00a3 |
Directors | \u00a0 | \u00a0 |
Paul Gurney | 33,000 | 33,000 |
Emma Priestley | 33,000 | 33,000 |
Andrew Male* | 150,000 | 150,000 |
\u00a0 | 216,000 | 216,000 |
\u00a0 | Group | |
\u00a0 | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 \u00a3 |
Interest income on convertible loan | - | 153,400 |
G2 Technology - debenture interest | 175,130 | 190,798 |
Finance Income | 175,130 | 344,198 |
\u00a0 | Group | |
\u00a0 | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 (restated) \u00a3 |
Other (losses) | (390,202) | (138,440) |
Other (losses) | (390,202) | (138,440) |
\u00a0 | Group | |
\u00a0 | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 \u00a3 |
Realised loss on disposal of investments | 13,285 | 71,071 |
Loss on disposal of investments | 13,285 | 71,071 |
\u00a0 | Group | |
\u00a0 | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 restated \u00a3 |
Loss before tax | (2,707,587) | (1,627,519) |
Tax at the applicable rate of 15.9% (2024: 15.9%) | (430,506) | (258,776) |
Effects of: | \u00a0 | \u00a0 |
Expenditure not deductible for tax purposes | - | - |
Net tax effect of losses carried forward | 430,506 | 258,776 |
Tax (charge)/refund | - | - |
\u00a0 | Group | |
\u00a0 | Year ended 30 June 2025 \u00a3 | Year ended 30 June 2024 \u00a3 |
Professional fees | 417,527 | 308,546 |
Consulting fees | - | 154,654 |
Employees and Contractors | 114,200 | 216,000 |
Travel | 63,756 | 473 |
Insurance | 2,915 | 33,651 |
IT & Software services | 1,148 | 783 |
Public Relations | 1,450 | 48,117 |
Premises and Office costs | 10,685 | 9,481 |
Other expenses | - | 171,597 |
Total administrative expenses | 611,681 | 943,302 |