FIRESTONE DIAMONDS LIMITED

• ⚠

  Material uncertainty over going concern

  Material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern, primarily due to the reliance on obtaining additional funding after its Care-and-Maintenance facility of $2.7m with Absa Bank Limited expires on 31 July 2025. Thereafter, additional funding will be required.

1. FIRESTONE DIAMONDS LIMITED 2022-12-14 → present
2. FIRESTONE DIAMONDS PLC 1998-06-24 → 2022-12-14

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern, primarily due to the reliance on obtaining additional funding after its Care-and-Maintenance facility of $2.7m with Absa Bank Limited expires on 31 July 2025. Thereafter, additional funding will be required.”

Group structure

1. FIRESTONE DIAMONDS LIMITED · parent
   1. Infrastructure Projects (Pty) Limited 0.49% · Lesotho · Diamond mining, exploration and associated companies
   2. Liqhobong Mining Development Company (Pty) Limited 0.75% · Lesotho · Diamond mining, exploration and associated companies
   3. Becksham Corporation 1% · Barbados
   4. Becksham Limited 1% · British Virgin Islands
   5. European Diamonds Limited 1% · British Virgin Islands
   6. Firestone Diamonds Limited 1% · British Virgin Islands
   7. Kopane Diamond Developments Limited 1% · United Kingdom
   8. Minegem Inc. 1% · Canada
   9. Firestone Diamonds (Pty) Limited 1% · South Africa
   10. Kuboes Diamante (Pty) Limited 0.875% · South Africa
   11. Maskam Resources (Pty) Limited 1% · South Africa
   12. Oena Mine (Pty) Limited 0.875% · South Africa

Significant events

• “The Liqhobong Diamond Mine was placed onto care and maintenance from 1 October 2024, from which date, mining operations were suspended.”
• “The Company recovered its most valuable diamond to date, a 215-carat white diamond, which sold for US$3 million.”
• “A total of three diamonds valued at over US$500,000 each were recovered, generating US$4.9 million in revenue.”
• “The mining license was renewed for 10 years until November 2033, with an option for a further 10-year extension.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +11.2%

  £33,358,784 → £37,110,452

• Cash

  -27.2%

  £11,067,457 → £8,060,786

• Net assets

  -67%

  -£29,985,174 → -£50,061,527

• Employees

  +68.7%

  163 → 275

• Operating profit

  -132%

  £36,827,279 → -£11,771,683

• Profit before tax

  -173%

  £28,237,954 → -£20,613,047

• Wages

  +27.3%

  £4,893,996 → £6,231,282

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