Hot Rocks Investments plc: Audited Final Results for year ended 31 March 2025

 

30 September 2025

HOT ROCKS INVESTMENTS PLC

(the "Company")

Audited Final Results for year ended 31 March 2025

Managing Director’s Statement

 

“I hereby present the financial results for the Company for the year ended 31 March 2025.  The Company has been an active investor primarily in junior natural resources companies. The Company also reviews opportunities to invest in other sectors, particularly technology, and generally seeks to invest in exciting companies where our valuation entry point reflects the early-stage nature of their business or sector which, although carrying higher risk, gives us exposure to considerable upside. 

 

We have continued to build and nurture our investment portfolio during the year in difficult market conditions for small companies and are pleased with the Company performance. We also had a favourable cash position enabling us to take advantage of situations as they arose.

 

The Company made a loss for the year of £173,615, and a profit of £46,984 in the prior year. The Company will not be paying a dividend for the foreseeable future (2024: £Nil) as we seek to reinvest any sale proceeds from our investments into opportunities with the potential for significant capital growth.

 

Cash and cash equivalents as at the year end of 31 March 2025 were £108,360 (2024: £5,386).

 

During the year we sold approximately 94% of our holding in Phoenix Digital Assets plc in a tender offer for the sum of £235,125.

 

We also sold our holding in Impact Oil & Gas Limited, to Africa Oil Corp, receiving the sum of £142,250, a 5.6X return on the Company’s investment.

 

Post year end we have been very active, taking interests in various companies including Wishbone Gold plc, The Smarter Web Company plc, Oregen Energy Corp (formerly Supernova Metals Corp.), Mendell Helium plc, First Development Resources plc, Hamak Gold Ltd, Astrid Intelligence plc (formerly CEL AI plc), B.Hodl plc, Prospectiva Resources Limited and Parent Capital Corp.

 

We now hold interests in ordinary shares and/or convertible loans and/or warrants in the following entities:

 

Astrid Intelligence plc (formerly CEL AI plc)

B.HODL plc

Electrum Discovery Corp

Elephant Oil Corp

Endor Group Limited t/a Universe Payments

Hamak Gold Ltd

Laiva Gold Inc

Mafula Energy Limited

Mendell Helium plc

Minergy Limited

Mosi Copper Limited

Orcadian Energy plc

Oregen Energy Corp (formerly Supernova Metals Corp)

Oscillate plc

Parent Capital Corp.

Phoenix Digital Assets plc

Pilar Gold Inc

Prospectiva Resources Limited

Rift Resources Limited

Supernova Digital Assets plc

TAP Global Group plc

The Smarter Web Company Plc

T5 Oil & Gas Ltd

Trigon Metals Inc

Tucano Gold Inc

Unicorn Mineral Resources plc

WeShop Holdings Limited

 

We are seeing numerous exciting opportunities at present and look forward to keeping the market updated in the coming months.”

 

Gavin Burnell

Managing Director

 

For further details please contact:

Hot Rocks Investments plc

Gavin Burnell Tel: 0207 2644 546

 

Optiva Securities Limited

Vishal Balasingham Tel: 0203 981 4174

 

 

 

 

 

HOT ROCKS INVESTMENTS PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED  31 MARCH 2025

 

 

		2025	2024
		£	£
Continuing Operations
Revenue		-	-
Operating expenses		(89,814)	(67,902)
Other profit/(loss) – sale of financial assets at fair value through profit and loss account		173,874	775
Foreign exchange loss on financial assets		-	-
Movement in fair value of financial assets through profit and loss		(257,678)	113,928
		──────────	──────────
OPERATING (LOSS)/PROFIT		(173,618)	46,801
Finance income		3	183
		─────────	─────────
(LOSS)/PROFIT BEFORE INCOME TAX		(173,615)	46,984
Income tax		-	-
		─────────	─────────
(LOSS)/PROFIT AFTER INCOME TAX		(173,615)	46,984
		══════════	══════════
Other Comprehensive Income
Items that may be reclassified subsequently to profit or loss		-	-
Fair value change in value on financial assets		-	-
		───────── ─────────	─────────
Total Comprehensive (loss)/income for the year		(173,615)	46,984
		══════════	══════════
Basic (loss)/earnings per share (pence)		(0.10)	0.03
Diluted (loss)/earnings per share (pence)		(0.09)	0.02

HOT ROCKS INVESTMENTS PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED  31 MARCH 2025

 

 

	Issued capital	Share premium	Other reserves	Retained earnings	Total equity
	£	£	£	£	£
Balance at 1 April 2024	173,602	1,174,631	115,600	(942,476)	521,357
Loss for the year	-	-	-	(173,615)	(173,615)
Share issues	15,000	45,000	-	-	60,000
	──────────	─────────────	──────────	──────────	──────────
	188,602	1,219,631	115,600	(1,116,091)	407,742
	══════════	═════════════	══════════	══════════	══════════

 

	Issued capital	Share premium	Other reserves	Retained earnings	Total equity
	£	£	£	£	£
Balance at 1 April 2023	173,602	1,174,631	115,600	(989,460)	474,373
Profit for the year	-	-	-	46,984	46,984
	──────────	─────────────	──────────	──────────	──────────
	173,602	1,174,631	115,600	(942,476)	521,357
	══════════	═════════════	══════════	══════════	══════════

HOT ROCKS INVESTMENTS PLC

STATEMENT OF FINANCIAL POSITION

AS AT  31 MARCH 2025

 

 

				2025	2024
				£	£
ASSETS
	CURRENT ASSETS
		Financial assets designated as fair value through profit or loss		584,795	824,823
		Trade and other receivables		26,703	117
		Cash and cash equivalents		108,360	5,386
				──────────	──────────
	TOTAL ASSETS			719,858	830,326
				══════════	══════════
EQUITY
	ISSUED CAPITAL AND RESERVES
		Issued share capital		188,602	173,602
		Share premium		1,219,631	1,174,631
		Reserves		115,600	115,600
		Retained loss		(1,116,091)	(942,476)
				─────────────	─────────────
		TOTAL EQUITY		407,742	512,357
CURRENT LIABILITIES
	Trade and other payables			312,116	308,969
				──────────	──────────
TOTAL EQUITY AND LIABILITIES				719,858	830,326
				══════════	══════════

 

 

 

HOT ROCKS INVESTMENTS PLC

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED  31 MARCH 2025

 

 

			2025	2024
			£	£
CASH FLOWS FROM OPERATING ACTIVITIES
		Total operating (loss)/profit	(173,618)	46,801
	ADJUSTMENTS TO RECONCILE TO PROFIT FROM OPERATIONS
		Finance income	3	183
			─────────	─────────
	ADJUSTMENTS TO RECONCILE PROFIT FROM OPERATIONS		(173,615)	46,984
	INCREASE IN WORKING CAPITAL
		(Profit)/loss on disposal of financial assets held through profit and loss	(173,874)	(775)
		Movement in fair value of financial assets through profit and loss	257,678	(113,928)
		(Increase)/decrease in trade and other receivables	(26,583)	489
		Increase in trade and other payables	3,145	31,244
			─────────	──────────
	INCREASE/(DECREASE) IN WORKING CAPITAL		60,366	(82,970)
			──────────	──────────
	CASH FLOWS FROM OPERATING ACTIVITIES		(113,249)	(35,986)
CASH FLOWS FROM INVESTING ACTIVITIES
		Purchases of financial assets through profit and loss	(246,950)	(172,024)
		Proceeds from disposal of financial assets through profit and loss	403,173	191,486
			──────────	─────────
	NET CASH FLOWS FROM INVESTING ACTIVITIES		156,223	19,444
			──────────	─────────
	CASH FLOWS FROM FINANCING ACTIVITIES
	Shares issued		60,000	-
			──────────	──────────
	NET CASH FLOWS FROM FINANCING ACTIVITIES		60,000	-
			──────────	──────────
	NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS		102,974	(16,542)
		Cash and cash equivalents as at 1 April	5,386	21,928
			──────────	─────────
CASH AND CASH EQUIVALENTS AS AT 31 MARCH			108,360	5,386
			══════════	═════════

HOT ROCKS INVESTMENTS PLC
NOTES TO THE FINANCIAL STATEMENTS
AS AT  31 MARCH 2025

 

 

1. AUTHORISATION OF FINANCIAL STATEMENTS AND STATEMENT OF COMPLIANCE WITH IFRS'S

 

The company's financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom and as applied in accordance with the provisions of the Companies Act 2006. The principal accounting policies adopted by the company are set out in note 2.

 

2. ACCOUNTING POLICIES

 

The principal Accounting Policies Applied in the preparation of these Financial Statements are set our below.  These Policies have been applied consistently to all the periods presented, unless otherwise stated.

 

Basis of preparation of Financial Statements

 

The Financial Statements have been prepared in accordance with International Financial Reporting Standards as adopted by the United Kingdom (IFRS as adopted by the UK), IFRIC interpretations (IFRSIC) and those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The Financial Statements have also been prepared under the historical cost convention, as modified by the revaluation of financial assets at fair value through profit and loss account.

 

The preparation of the Financial Statements in conformity with IFRSs required the use of certain critical accounting estimates and assumptions. It also requires management to exercise its judgement in the process of applying the Company’s Accounting Policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the Financial Statements, are disclosed later in these accounting policies.

 

The Financial Statements are presented in sterling (£) which is the functional currency of the Company, rounded to the nearest pound on an annual basis and management confirm that they give a fair presentation of the Company.

 

New standards, amendments and interpretations adopted by the Company

 

The following relevant IFRS or IFRIC interpretations were effective for the first time for the financial year beginning 1 April 2024. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements: