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Registered number: 08584007
Harmony Minerals Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Harmony Minerals Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—5

Page 1
Harmony Minerals Limited
Company Information
For The Year Ended 30 April 2025
Company Information

Directors | Mr Nicholas Clarke
| Mr David Judge
Company Number | 08584007
Registered Office | 25 St. Thomas Street
| Winchester
| Hampshire
| SO23 9HJ
Business | Weyborne Estate
| Blackdown Park
| Haslemere
| West Sussex
| GU27 3DR
Solicitors | Mishcon de Reya
| Africa House
| 70 Kingsway
| WC2B 6AH

Page 1
Page 2
Harmony Minerals Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 08584007

| 2025 | 2024
--- | --- | ---
| Notes | $ | $ | $ | $
FIXED ASSETS
Investments | 4 |  | 830,760 |  | 830,760
|  |  | 830,760 |  | 830,760
CURRENT ASSETS
Debtors | 5 | 268,000 |  | 242,000 |
|  | 268,000 |  | 242,000 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,227,566 ) |  | (2,201,566 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,959,566 ) |  | (1,959,566 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,128,806 ) |  | (1,128,806 )
NET LIABILITIES |  |  | (1,128,806 ) |  | (1,128,806 )
CAPITAL AND RESERVES
Called up share capital |  |  | 161 |  | 161
Share premium account |  |  | 116,116 |  | 116,116
Profit and Loss Account |  |  | (1,245,083 ) |  | (1,245,083 )
SHAREHOLDERS' FUNDS |  |  | (1,128,806) |  | (1,128,806)

Page 2
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Harmony Minerals Limited
Balance Sheet (continued)
As At 30 April 2025
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr David Judge Director
20 April 2026

The notes on pages 4 to 5 form part of these financial statements.
Page 3
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Harmony Minerals Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Harmony Minerals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08584007 . The registered office is 25 St. Thomas Street, Winchester, Hampshire, SO23 9HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in US$ which is the functional currency of Harmony Minerals Limited (the 'Company'). The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applied to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
2.2. Investments
lnvestments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss accounts.
2.3. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.4. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Investments

| Subsidiaries
--- | ---
| $
Cost or Valuation
As at 1 May 2024 | 830,760
As at 30 April 2025 | 830,760
Provision
As at 1 May 2024 | -
As at 30 April 2025 | -
Net Book Value
As at 30 April 2025 | 830,760
As at 1 May 2024 | 830,760

On 10 June 2021, Dutwa Minerals Limited converted $830,759, which had been received as an advance against equity, into 1,909,459 ordinary shares.
The company owns 100% of Dutwa Minerals Limited, a licence holding company whose registered office is at 10 Chato Street, Regent Estate, Mikocheni, Dar es Salaam, Tanzania. For the year ending 31 December 2024, the aggregate amount of capital and reserves for Dutwa Minerals Limited was (TZS 107,018,229) and the loss for that year was TZS 91,836,907.
...CONTINUED
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Harmony Minerals Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
4. Investments - continued
The company indirectly owns 100% of Kernow Limited and Wheal Limited, dormant companies whose registered office is at 10 Chato Street, Regent Estate, Mikocheni, Dar es Salaam, Tanzania. For the year ending 31 December 2024, the aggregate amount of capital and reserves for both Kernow Limited and Wheal Limited was TZS 2,000.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| $ |  | $
Due within one year
Amounts owed by subsidiaries | 268,000 |  | 242,000

The amount lent to Dutwa Minerals Limited is an advance against equity.
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| $ |  | $
Amounts owed to parent undertaking | 2,227,566 |  | 2,201,566

7. Related Party Transactions
All transactions with related parties are made at normal market prices. There have been no transactions with related parties who are not members of the group during the year ended 30 April 2025.
8. Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Curzon African Holdings Ltd . Curzon African Holdings Ltd was incorporated in the United Kingdom. The controlling party is Nicholas Clarke who controls 61.26% of the shares of Harmony Minerals Limited .
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