REGISTERED NUMBER: 08556040 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NIOBIUM CORPORATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P V Oppen

Ms C de Boucaud

REGISTERED OFFICE:

Vestry House

Laurence Pountney Hill

London

EC4R 0EH

REGISTERED NUMBER:

08556040 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Investments

4

12,650,000

12,300,000

CURRENT ASSETS

Debtors

5

-

11,197

Cash at bank

33,777

49,935

33,777

61,132

CREDITORS

Amounts falling due within one year

6

1,816,473

1,437,549

NET CURRENT LIABILITIES

(1,782,696

)

(1,376,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,867,304

10,923,583

CREDITORS

Amounts falling due after more than one year

7

867,011

875,056

NET ASSETS

10,000,293

10,048,527

CAPITAL AND RESERVES

Called up share capital

8

10,656,263

234

Other reserves

(656,030

)

9,999,998

Retained earnings

60

48,295

SHAREHOLDERS' FUNDS

10,000,293

10,048,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P V Oppen - Director

1.	STATUTORY INFORMATION

Niobium Corporation 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 average number of employees during the year was 2 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

€

COST

At 1 January 2024

12,300,000

Additions

350,000

At 31 December 2024

12,650,000

NET BOOK VALUE

At 31 December 2024

12,650,000

At 31 December 2023

12,300,000

The balance of 12,650,000 EUR represents the purchase of the entire share capital of Prof Gottschalg Research GMBH (subsequently renamed 'Gottschalg Analytics GmbH'), registered in Germany.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

€

€

Other debtors

-

11,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

€

€

Trade creditors

249,195

17,530

Amounts owed to group undertakings

732,457

677,751

Taxation

9,398

13,529

Social security and other taxes

-

4,567

Investment Payable

650,000

300,000

Service fee rec'ved in advance

87,500

300,051

Accrued expenses

87,923

124,121

1,816,473

1,437,549

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

€

€

Contingent loan

457,011

875,056

Other loans

410,000

-

867,011

875,056

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

€

€

8,808,915

Ordinary Shares

1

10,656,263

234

8,808,915 Ordinary Shares shares of 1 each were allotted and fully paid for cash at par during the year.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Long Term Assets Ltd

10.	CONTINGENT LIABILITY

The acquisition of Prof Gottschalg Research GmbH (subsequently renamed Gottschalg Analytics GmbH’) includes a deferred consideration payable in certain circumstances. At this stage the total deferred consideration payable can not be measured reliably, if and when additional consideration is probable and can be measured reliably this will be recognised as an adjustment to the cost of the acquisition.

11.	OTHER RESERVES

Other reserves comprises gains on foreign currency translation of non-monetary assets totalling 656,028 EUR and a movement in Capital contribution of 10,000,000EUR.

In 2023 Other reserves also contained a capital contribution of 10,000,000 EUR made by Long Term Assets Ltd to fund the purchase of Prof Gottschalg Research GMBH (subsequently renamed 'Gottschalg Analytics GmbH').