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REGISTERED NUMBER: 03459913 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

LEM Resources Ltd.

| LEM Resources Ltd. (Registered number: 03459913) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| LEM Resources Ltd. |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | D Woodward

| S Lillis

| SECRETARY: | D Woodward

| REGISTERED OFFICE: | 2 Heap Bridge

| Bury

| Lancashire

| BL9 7HR

| REGISTERED NUMBER: | 03459913 (England and Wales)

| ACCOUNTANTS: | Thompson Jones Business Solutions Limited

| 2 Heap Bridge

| Bury

| Lancashire

| BL9 7HR

| LEM Resources Ltd. (Registered number: 03459913) |

Balance Sheet

31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Investments | 5 | 4 |  | 4 |  |

CURRENT ASSETS

Debtors | 6 | 5,636 |  | 5,636 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,640 |  | 5,640 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 2 |  | 2 |  |

Retained earnings | 5,638 |  | 5,638 |  |

SHAREHOLDERS' FUNDS | 5,640 |  | 5,640 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:

D Woodward - Director

| LEM Resources Ltd. (Registered number: 03459913) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| The company is a private company limited by share capital, incorporated in England and Wales.

| The address of its registered office is:

| 2 Heap Bridge

| Bury

| Lancashire

| BL9 7HR

| The principal place of business is :

| Newbrook Cottage

| Lansdowne Road

| Atherton

| Manchester

| M46 9HL

2. | STATEMENT OF COMPLIANCE

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| The financial statements have been prepared under the historical cost convention.

| INVESTMENTS IN SUBSIDIARIES

| Investments in subsidiary undertakings are recognised at cost.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| GROUP ACCOUNTS NOT PREPARED

| The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

| LEM Resources Ltd. (Registered number: 03459913) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 4 |  |

| NET BOOK VALUE

| At 31 January 2025 | 4 |  |

| At 31 January 2024 | 4 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| LEM Mining and Restoration ltd

| Registered office: England and Wales

| Nature of business: Mining & restoration,land & property development.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| LEM Makerfield Mining Limited

| Registered office: England and Wales

| Nature of business: Mining & restoration,land & property development.

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 5,636 |  | 5,636 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 200 | Ordinary Equity shares | 0.01 | 2 |  | 2 |  |