Harmony Minerals Limited

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

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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)

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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.

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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)

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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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