Zamin_Mining_Limited_30_Nov_2025_companies_house_set_of

Zamin Mining Limited

Report to the board of directors on the preparation of the unaudited statutory financial statements of Zamin Mining Limited

Year ended

30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

Zamin Mining Limited

for the year ended

30 November 2025

which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

This report is made solely to the Board of Directors of

Zamin Mining Limited

, as a body. My work has been undertaken solely to prepare for your approval the

financial statements

Zamin Mining Limited

and state those matters that I have agreed to state to the Board of Directors of

Zamin Mining Limited

, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Zamin Mining Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Zamin Mining Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and loss of

Zamin Mining Limited

. You consider that

Zamin Mining Limited

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Zamin Mining Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

PV Mehta & Co Ltd

38 Morland Road

Harrow

HA3 9LU

United Kingdom

Date:

27 August 2026

		2025	2024
Fixed assets
Intangible assets	5	1,336,456		521,057
Investments	6	592,519		1,820
		1,928,975		522,877
Current assets
Debtors	7	517,748		1,069,618
Cash at bank and in hand		86,430		409,186
		604,178		1,478,804
Creditors: amounts falling due within one year	8	(9,538	)	(18,839	)
Net current assets		594,640		1,459,965
Total assets less current liabilities		2,523,615		1,982,842
Capital and reserves
Called up share capital		14,781		12,500
Share premium		6,364,142		4,278,438
Profit and loss account		(3,855,308	)	(2,308,096	)
Shareholders funds		2,523,615		1,982,842

Zamin Mining Limited

Notes to the Financial Statements

Year ended

30 November 2025

1 General information

Zamin Mining Limited is a private company limited by shares and is registered in England and Wales. The address of the registered office is

38 Morland Road

Harrow

HA3 9LU

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Judgements and key sources of estimation uncertainty

Research and development

Management applies judgement in distinguishing between the research and exploration phase and the development phase of each project. Expenditure is classified as development expenditure only when the company can demonstrate the technical feasibility and commercial viability of the project, its intention and ability to complete and commercially exploit the project, the availability of adequate resources, the probability of future economic benefits and the ability to measure the attributable expenditure reliably. Expenditure incurred before these criteria are satisfied is recognised in the profit and loss account or accounted for in accordance with the company’s consistently applied policy for exploration and evaluation expenditure. Where the research and development phases cannot be distinguished reliably, the expenditure is treated as research expenditure.

Separately acquired licence costs are assessed independently and are capitalised where they represent identifiable contractual or legal rights controlled by the company.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses.

The cost of acquiring a licence is recognised as an intangible asset where all the following conditions are met:

(a) Identifiable asset – the licence is either: capable of being sold, transferred, licensed or exchanged separately; or arises from contractual or other legal rights.

(b) Control – the company controls the licence and can obtain the associated economic benefits while restricting others’ access to those benefits.

(c) Probable future economic benefits – it is probable that the licence will generate economic benefits, for example giving the company enforceable rights to explore, develop or commercially exploit a specified area.

(d) Reliable measurement – the cost of the licence can be measured reliably. This will usually be the purchase price plus directly attributable costs of bringing the licence into use.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Patents, trademarks and licences

Straight line over the term

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when It is technically feasible to complete the intangible asset so that it will be available for use or sale; there is the intention to complete the intangible asset and use or sell it; there is the ability to use or sell the intangible asset; the use or sale of the intangible asset will generate probable future economic benefits; there are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and the expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

3.00

5 Intangible assets

	Other intangible assets
	£
Cost
At 1 December 2024	521,057
Additions	815,399
At 30 November 2025	1,336,456
Amortisation
At 1 December 2024 and 30 November 2025	-
Carrying amount
At 30 November 2025	1,336,456
At 30 November 2024	521,057

Other intangible assets comprise the costs of various licences acquired by the company. Licence costs are capitalised where they represent identifiable contractual or legal rights controlled by the company, it is probable that they will generate future economic benefits, and their costs can be measured reliably.

6 Investments

	Shares in group undertakings and participating interests	Loans to group undertakings and participating interests	Total
	£	£	£
Cost
At 1 December 2024	1,820	-	1,820
Additions	17,280	573,419	590,699
At 30 November 2025	19,100	573,419	592,519
Impairment
At 1 December 2024 and 30 November 2025	-	-	-
Carrying amount
At 30 November 2025	19,100	573,419	592,519
At 30 November 2024	1,820	-	1,820

The Company holds 100% of the 25,000 ordinary shares, each with a nominal value of SEK 1, in Zamin Sweden AB, a company incorporated in Sweden. The registered office of Zamin Sweden AB is c/o Synch Advokat AB, Box 3631, 103 59 Stockholm, Sweden.

7 Debtors

	2025		2024
	£		£
Other debtors	517,748		1,069,618

Other debtors represent amounts due in respect of called-up share capital, which has been settled in full after the reporting date.

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	1,768	5,877
Other creditors	7,770	12,962
	9,538	18,839

9 Controlling party

The company's ultimate controlling party is Mr Pramod Agarwal.

10 Share capital

The company’s issued and called-up share capital comprises 14,781 ordinary shares of £1.00 each.

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	1,336,456		521,057
Investments	6	592,519		1,820
		1,928,975		522,877
Current assets
Debtors	7	517,748		1,069,618
Cash at bank and in hand		86,430		409,186
		604,178		1,478,804
Creditors: amounts falling due within one year	8	(9,538	)	(18,839	)
Net current assets		594,640		1,459,965
Total assets less current liabilities		2,523,615		1,982,842
Capital and reserves
Called up share capital		14,781		12,500
Share premium		6,364,142		4,278,438
Profit and loss account		(3,855,308	)	(2,308,096	)
Shareholders funds		2,523,615		1,982,842