Registration number: NI604753

Major Drilling (NI) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Major Drilling (NI) Ltd

Company Information

Directors

Mr Ian Miller Ross Mr Denis Laroque

Registered office

Unit B4 Omagh Business Complex Gortrush Industrial Estate Omagh Co Tyrone BT78 5LU

Accountants

Richard Clements & Co Chartered Certified AccountantsOmagh Business Complex Gortrush Industrial Estate Omagh Co. Tyrone BT78 5LU

Major Drilling (NI) Ltd

(Registration number: NI604753)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Other financial assets	4	24,083,016	-
Current assets
Debtors	5	240	240
Cash at bank and in hand		625,652	458,929
		625,892	459,169
Creditors: Amounts falling due within one year	6	(3,150)	(2,998)
Net current assets		622,742	456,171
Net assets		24,705,758	456,171
Capital and reserves
Called up share capital	7	24,287,001	1
Retained earnings		418,757	456,170
Shareholders' funds		24,705,758	456,171

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:
 

......................................... Mr Denis Laroque Director

Major Drilling (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Unit B4 Omagh Business Complex
Gortrush Industrial Estate
Omagh
Co Tyrone
BT78 5LU

These financial statements were authorised for issue by the Board on 9 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Exemption from preparing group accounts

The financial statements contain information about Major Drilling (NI) Ltd as an individual company and do not contain consolidated financial information as the parent of a group.
The company is exempt under section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Major Drilling Group International Inc, a company incorporated in Canada.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Major Drilling (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	5% reducing balance per month

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Major Drilling (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Major Drilling (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 May 2024	304,311	304,311
At 30 April 2025	304,311	304,311
Depreciation
At 1 May 2024	304,311	304,311
At 30 April 2025	304,311	304,311
Carrying amount
At 30 April 2025	-	-

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	24,083,016	24,083,016
At 30 April 2025	24,083,016	24,083,016
Impairment
Carrying amount
At 30 April 2025	24,083,016	24,083,016

5

Debtors

Current	2025 £	2024 £
Other debtors	240	240
	240	240

6

Creditors

Creditors: amounts falling due within one year

Major Drilling (NI) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	230	138
Trade creditors		960	960
Accruals and deferred income		1,960	1,900
		3,150	2,998

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1
Preference shares of £1,000 (2024 - £0) each	24,287	24,287,000	-	-
	24,288	24,287,001	1	1

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	230	138

9	Parent and ultimate parent undertaking

The company's immediate parent is Major Drilling Group International Inc, incorporated in Canada.