REGISTERED NUMBER: 13846642 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Century Cobalt Limited

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Statement of Changes in Equity

5

Notes to the Financial Statements

6

DIRECTOR:

A G B Stanbury

SECRETARY:

REGISTERED OFFICE:

Second Floor

18 Savile Row

London

W1S 3PW

REGISTERED NUMBER:

13846642 (England and Wales)

ACCOUNTANTS:

JG Accounting & Tax Services Ltd

Gravelye Farmhouse

Hanlye Lane

Cuckfield

West Sussex

RH17 5HR

TURNOVER

-

-

Administrative expenses

4,175,748

474,468

OPERATING LOSS

(4,175,748

)

(474,468

)

Interest receivable and similar income

111,820

-

(4,063,928

)

(474,468

)

Interest payable and similar expenses

126,811

-

LOSS BEFORE TAXATION

(4,190,739

)

(474,468

)

Tax on loss

(895,230

)

(458,517

)

LOSS FOR THE FINANCIAL YEAR

(3,295,509

)

(15,951

)

FIXED ASSETS

Investments

4

253,585

3,373,970

CURRENT ASSETS

Debtors

5

2,003,043

1,057,841

Cash at bank

14,445

636

2,017,488

1,058,477

CREDITORS

Amounts falling due within one year

6

143,240

148,283

NET CURRENT ASSETS

1,874,248

910,194

TOTAL ASSETS LESS CURRENT LIABILITIES

2,127,833

4,284,164

CREDITORS

Amounts falling due after more than one year

7

-

475,000

NET ASSETS

2,127,833

3,809,164

CAPITAL AND RESERVES

Called up share capital

5

5

Revaluation reserve

8

5,640,648

4,026,470

Retained earnings

(3,512,820

)

(217,311

)

2,127,833

3,809,164

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 director acknowledges his 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.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

A G B Stanbury - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2023

5

(201,360

)

-

(201,355

)

Changes in equity

Total comprehensive income

-

(15,951

)

4,026,470

4,010,519

Balance at 31 January 2024

5

(217,311

)

4,026,470

3,809,164

Changes in equity

Total comprehensive income

-

(3,295,509

)

1,614,178

(1,681,331

)

Balance at 31 January 2025

5

(3,512,820

)

5,640,648

2,127,833

1.	STATUTORY INFORMATION

Century Cobalt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The Company employs one person as Director and CEO. Other than the director, there were no other employees. The Director received no remuneration in the period but received consultancy fees of £245,415 (2024: £197,556)

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 February 2024

3,373,970

Disposals

(1,683,400

)

Revaluations

(1,436,985

)

At 31 January 2025

253,585

NET BOOK VALUE

At 31 January 2025

253,585

At 31 January 2024

3,373,970

Cost or valuation at 31 January 2025 is represented by:

Other

investment

£

Valuation in 2025

253,585

5.

DEBTORS

31.1.25

31.1.24

Restated

£

£

Amounts falling due within one year:

Other debtors

1,353,747

458,517

Amounts falling due after more than one year:

Amounts owed by group undertakings

143,992

143,992

Other debtors

505,304

455,332

649,296

599,324

Aggregate amounts

2,003,043

1,057,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

Restated

£

£

Trade creditors

1,634

(2

)

Other creditors

141,606

148,285

143,240

148,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

Restated

£

£

Other creditors

-

475,000

8.

RESERVES

Revaluatio

reserve

£

At 1 February 2024

4,026,470

Revaluation

1,614,178

At 31 January 2025

5,640,648

9.	RELATED PARTY DISCLOSURES

AS at 31 January 2025, amounts due from the parent undertaking, Century Cobalt Corp were £143,992 (2024: £143,992) . The amounts due from the parent company undertaking are due on demand

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Century Cobalt Corp

11.	EQUITY INVESTMENT

On 14 September 2021, CCOB signed a share purchase agreement to sell the assets of Emperium 1 Holdings Corp ("Emperium") a wholly owned subsidiary of CCOB, to Technology Minerals PLC ("TM PLC"), a related party. TM PLC became a UK public company during November 2021. During November 2021, CCOB was issued 470,000,000 unregistered shares (£0.001par value) of TM PLC common stock for the Company's Emperium assets. On 30 November 2022, the CCOB ownership interest in TM PLC was 38.8%. CCOB accounted for its investment in TM PLC as a related party, the Company valued the investment at cost of £230,439. The equity investment in TM PLC was moved to CCL on 13 January 2022.

For the year ended 31 January 2025, the company has changed it's policy to recognise the shares held in TM PLC rather than via the Equity Investment method and has restated the comparatives accordingly.

In the year ended 31 January 2024 the company borrowed £475,000 under a convertible loan note (CLN) from a third party of which £425,000 was lent to Recyclus Group Ltd of which Mr Stanbury is a director. As part of the arrangement the company gave 181,405,895 shares as security. Of these, during the year ended 31 January 2025, 44,375,000 were sold by the investor to meet a margin call in accordance with the CLN terms. Recyclus Group Ltd repaid £221,843 and the value of the shares sold discharged the obligation.

During the year ended 31 January 2025, the Company sold 166,050,000 shares of the TM PLC investment, the proceeds were £439,300.

At 31 January 2025, the Company owned 211,321,213 ordinary shares of TM PLC which were valued at £253,585.