GEM DIAMONDS INVESTMENTS LIMITED

Company Registration Number:
06482961 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

GEM DIAMONDS INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GEM DIAMONDS INVESTMENTS LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The Company holds investments in subsidiary companies engaged in business with the Gem Diamonds Limited Group.

Political and charitable donations

No political donations were made during the period (2023: nil).



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Clifford Thomas Elphick
Michalakis Michael
Brandon Michael de Bruin
Jannine Millingham-Groenewald


Secretary Jannine Millingham-Groenewald

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 June 2025

And signed on behalf of the board by:
Name: Michalakis Michael
Status: Director

GEM DIAMONDS INVESTMENTS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Administrative expenses: ( 30,455 ) ( 30,231 )
Other operating income: 0 0
Operating profit(or loss): (30,455) (30,231)
Interest receivable and similar income: 11,000 557
Interest payable and similar charges: ( 5,549,463 )
Profit(or loss) before tax: (5,568,918) (29,674)
Tax: 0 0
Profit(or loss) for the financial year: (5,568,918) (29,674)

GEM DIAMONDS INVESTMENTS LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 714,112 922,475
Total fixed assets: 714,112 922,475
Current assets
Debtors: 4 1,241,816 1,373,446
Cash at bank and in hand: 137,775 137,952
Total current assets: 1,379,591 1,511,398
Creditors: amounts falling due within one year: 5 ( 25,394 ) ( 25,095 )
Net current assets (liabilities): 1,354,197 1,486,303
Total assets less current liabilities: 2,068,309 2,408,778
Creditors: amounts falling due after more than one year: 6 ( 257,737 ) ( 400,288 )
Total net assets (liabilities): 1,810,572 2,008,490
Capital and reserves
Called up share capital: 24,692,015 19,321,015
Profit and loss account: (22,881,443 ) (17,312,525 )
Total Shareholders' funds: 1,810,572 2,008,490

The notes form part of these financial statements

GEM DIAMONDS INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 June 2025
and signed on behalf of the board by:

Name: Michalakis Michael
Status: Director

The notes form part of these financial statements

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Basis of presentation Changes in accounting policies and disclosures Standards issued but not effective Impairments Other financial assets Receivables Cash and cash equivalents Issued share capital Taxation Dividend income Critical accounting estimates and judgments

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed assets investments note

Not applicable

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Other debtors 1,241,816 1,373,446
Total 1,241,816 1,373,446

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 25,394 25,095
Total 25,394 25,095

GEM DIAMONDS INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 257,737 400,288
Total 257,737 400,288