IMERYS BRITISH LITHIUM LIMITED

1. IMERYS BRITISH LITHIUM LIMITED 2023-11-03 → present
2. RESEARCH BY BRITISH LITHIUM LIMITED 2020-07-07 → 2023-11-03

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 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Constantin

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Financial Statements have been prepared on a going concern basis. The Parent Company has undertaken to provide financial support for the foreseeable future and, given the undertaking, the Directors believe that it is appropriate to prepare the financial statements on a going concern basis. The Company is solvent at the date of the Financial Statements but has no ongoing income and therefore is dependent on the continuing support of its shareholders and on receiving further grants to enable the Company to continue to research and develop its intellectual property, and ultimately upon the successful financing and development of the proposed full-scale commercial lithium quarry, beneficiation plant and refinery using the Company's technology. Support is given by Imerys SA for the next twelve months following the issuance of the Financial Statements.”

Significant events

• “The reporting period saw a high rise in inflation impacting transport prices. This did not have a material effect on the business operations.”
• “Deep Digital Cornwall - Machine Learning Grant: On 24 March 2022 IBL was awarded a grant of £78,677 toward a project costing £98,346 by Deep Digital Cornwall ("DDC"). DDC is funded by the European Union Regional Development Fund to support applied research into digital technologies connected to the underground environment.”
• “Scale up Readiness Validation: IBL has prepared a comprehensive 18-month work plan and budget for a scale up readiness and prefeasibility study for development of a quarry, beneficiation plant and refinery to produce 20,800 tpa of lithium carbonate equivalent. On 24 June 2022 IBL was advised that its application had been successful and grants of £1,975,467 would be made toward the total project cost of £5,339,099.”

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

Filings

3

last 12 months

Capital events

5

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

  —

  Not reported

• Cash

  +93.6%

  £1,082,981 → £2,096,673

• Net assets

  +19.2%

  £30,594,116 → £36,453,225

• Employees

  —

  Not reported

• Operating profit

  -539.2%

  -£428,328 → -£2,737,789

• Profit before tax

  -539.2%

  -£428,328 → -£2,737,789

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