ZINNWALD LITHIUM HOLDINGS LIMITED

1. ZINNWALD LITHIUM HOLDINGS LIMITED 2023-07-10 → present
2. DEUTSCHE LITHIUM HOLDINGS LIMITED 2021-07-02 → 2023-07-10
3. ERRIS RESOURCES (EXPLORATION) LIMITED 2017-12-01 → 2021-07-02
4. ERRIS RESOURCES LIMITED 2012-09-12 → 2017-12-01

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

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company keeps a tight control over all expenditure and is funded by its parent, Zinnwald Lithium Plc, which has provided an ongoing letter of support. The Zinnwald Group had a cash balance of €2.7m at the year-end (€1.8m at date of this report along with the up to €1.9m of additional funds in the form of a research allowance tax credit to be received later in 2026) and keeps a tight control over all expenditure. Direct Project development spend is inherently discretionary and the Board maintains an ongoing strategy to enable the curtailing of a number of areas of expenditure to enable it to meet its minimum fixed costs for the next 12 months, even without raising further funds, whilst still maintaining all licenses in good standing. Thus, the Directors, having considered all reasonable possible scenarios, believe that the Group continues to be a going concern and have used this as the basis of accounting in preparing these Financial Statements.”

Group structure

1. ZINNWALD LITHIUM HOLDINGS LIMITED · parent
   1. Zinnwald Lithium GmbH 100% · Germany · Exploration
   2. Zinnwald Lithium Services GmbH 100% · Germany · Leasing

Significant events

• “Provided funding of €2.5m to its operational subsidiary in Germany”
• “Incurred €0.5m of direct expenditure on development of the Project's Pre-Feasibility Study ("PFS")”
• “Project published the PFS on 31 March 2025”
• “2025 saw the Company's wholly owned subsidiary complete and publish its Pre-Feasibility Study (PFS) that demonstrates the financial viability of the Project with a Pre-tax Net Present Value (NPV) of €3.3 billion and a pre-tax Internal Rate of Return (IRR) of 23.6%. The after tax NPV is €2.2 billion and post-tax IRR is 19.8%. The Project has a mine life of over 40 years and the payback period is less than five years post commencement of production.”

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

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

  -89%

  £26,522 → £2,929

• Net assets

  -19.3%

  £11,064,186 → £8,930,543

• Employees

  —

  Not reported

• Operating profit

  +85.7%

  -£34,372 → -£4,901

• Profit before tax

  -202.9%

  -£704,440 → -£2,133,643

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