AFRICAN DIAMONDS LIMITED

1. AFRICAN DIAMONDS LIMITED 2011-02-25 → present
2. AFRICAN DIAMONDS PLC 2002-02-18 → 2011-02-25
3. AFRICAN DIAMOND PLC 2002-01-17 → 2002-02-18
4. ZINQUEST PLC 2000-05-23 → 2002-01-17

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is a holding company and its principal liquidity risks arise from the cash flow from intra-group dividends. Ongoing administrative expenditure is minimal. The Company's parent, Lucara Diamond Corp., has committed to provide financial support to the Company to fund its operations for at least 12 months from the date of approval of these financial statements. After careful consideration, the Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. AFRICAN DIAMONDS LIMITED · parent
   1. Wati Ventures (Pty) Limited 100% · Botswana · Holding company

Significant events

• “The director has agreed with the Company's auditors that the auditors' liability to damages for breach of duty in relation to the audit of the Company's financial statements for the year to 31 December 2024 should be limited to the greater of £5 million or 5 times the auditors' fees, and that in any event the auditors' liability for damages should be limited to that part of any loss suffered by the Company as is just and equitable having regard to the extent to which the auditor, the Company and any third parties are responsible for the loss in question. The shareholder waived the need for approval of this limited liability agreement, as required by the Companies Act 2006, by a resolution dated 10 January 2025.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -8.1%

  £3,066,942 → £2,817,983

• Employees

  —

  Not reported

• Operating profit

  -14.6%

  -£48,443 → -£55,515

• Profit before tax

  -14.6%

  -£48,443 → -£55,515

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