CLOUDBREAK DISCOVERY PLC

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.4 in the financial statements, which indicates that the group and company are in a net current and net liabilities position and would therefore require to raise additional funds through equity raises during the going concern period in order to fund operations and to meet its liabilities as they fall due. As stated in note 2.4, the Group have successfully raised £900,000 post year end in August 2025. However, any further fund raising is yet to be achieved and it is possible that the Group may not be able to raise such funds. 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.

1. CLOUDBREAK DISCOVERY PLC 2021-06-21 → present
2. IMPERIAL X PLC 2019-01-07 → 2021-06-21
3. IMPERIAL MINERALS PLC 2010-04-19 → 2019-01-07
4. BRISTOL CITY FOOTBALL INVESTMENTS PLC 2008-04-11 → 2010-04-19
5. LATAM RESOURCES PLC 2007-06-11 → 2008-04-11

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

UK-adopted IAS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.4 in the financial statements, which indicates that the group and company are in a net current and net liabilities position and would therefore require to raise additional funds through equity raises during the going concern period in order to fund operations and to meet its liabilities as they fall due. As stated in note 2.4, the Group have successfully raised £900,000 post year end in August 2025. However, any further fund raising is yet to be achieved and it is possible that the Group may not be able to raise such funds. 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. CLOUDBREAK DISCOVERY PLC · parent
   1. Imperial Minerals (UK) Limited 100% · United Kingdom · Dormant
   2. Cloudbreak Exploration Inc. 100% · Canada · A mineral property project generator
   3. Cloudbreak Discovery (US) Ltd. 100% · USA · Mineral exploration projects
   4. Cloudbreak Energy (US) Ltd. 100% · USA · Oil and Gas acquisitions

Significant events

• “In July 2025, Cloudbreak announced the commencement of exploration activities at Darlot West, including geological mapping and rock-chip sampling.”
• “On 22 September 2025, the Company announced it had exercised its option to acquire Phase 1 of the Darlot West Gold Project in Western Australia, covering approximately 60.6 square kilometres.”
• “On 9 September 2025, Cloudbreak announced that it had entered into an agreement to acquire a 100% interest (or option to acquire) in the Paterson Project, comprising approximately 888 km² of exploration tenure in the Paterson Province, Western Australia.”
• “On 22 August 2025, the Company announced a placing to raise gross proceeds of £300,000, through the issue of 120,000,000 new ordinary shares at a placing price of 0.25pence per share.”
• “On 28 August 2025, the Company announced a placing to raise gross proceeds of £600,000, through the issue of 126,315,790 new ordinary shares at a placing price of 0.475 pence per share.”
• “On 22 August 2025 the Company announced the completion of the sale of its US assets, consisting of the G2 Energy Corp Debenture for an initial consideration of £50,000 plus deferred consideration of a further £50,000 over the subsequent 5 months, and the removal of £75,000 of liabilities from the Company's books.”

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

Filings

12

last 12 months

Capital events

6

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  -72.7%

  £195,157 → £53,197

• Net assets

  -137.3%

  £947,323 → -£352,938

• Employees

  —

  Not reported

• Operating profit

  +28.3%

  -£847,494 → -£608,075

• Profit before tax

  -66.4%

  -£1,627,519 → -£2,707,587

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