VATUKOULA GOLD MINES LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-03-27.

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2 in the financial statements, which indicates that the company had net current liabilities of £16,200 (2023: £58,98 million) and the year ended 31 December 2024, and fully relies on its ultimate parent's financial support. The company depends fully on its ultimate parent's financial support. As stated in Note 2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

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

• ◆

  3 officer resignations in last 12 months

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

1. VATUKOULA GOLD MINES LIMITED 2020-12-14 → present
2. VATUKOULA GOLD MINES PLC 2008-08-15 → 2020-12-14
3. RIVER DIAMONDS PLC 2004-04-30 → 2008-08-15
4. RIVER DIAMONDS GROUP PLC 2004-03-01 → 2004-04-30

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

Other

Reporting scope

Standalone (parent only)

Auditor

Shinewing Wilson Accountancy Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to Note 2 in the financial statements, which indicates that the company had net current liabilities of £16,200 (2023: £58,98 million) and the year ended 31 December 2024, and fully relies on its ultimate parent's financial support. The company depends fully on its ultimate parent's financial support. As stated in Note 2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. VATUKOULA GOLD MINES LIMITED · parent
   1. Viso Gero International Inc 100% · British Virgin Islands · Dormant
   2. Vatukoula Gold Pty Limited 100% · Australia · Dormant
   3. Vatukoula Finance Pty Ltd 100% · Australia · Dormant
   4. Vatukoula Australia Pty Ltd 100% · Australia · Dormant
   5. Vatukoula Gold Mines Pte Limited 100% · Fiji · Gold Mine
   6. Koula Mining Company Limited 100% · Fiji · Dormant
   7. Jubilee Mining Company Limited 100% · Fiji · Dormant

Significant events

• “Termination of metal streaming agreement at Vatukoula Gold Mine. On January 27, 2025, the Company held the 24th meeting of the 10th Term of Board of Directors, which deliberated and approved the Proposal from the Controlled Subsidiary for Signing Option Repurchase Agreement.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

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

  -3.5%

  -£58,982,000 → -£61,046,000

• Employees

  0%

  5 → 5

• Operating profit

  -51.7%

  -£1,969,000 → -£2,986,000

• Profit before tax

  -91.3%

  -£1,079,000 → -£2,064,000

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