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Registered Number: 15868974
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 01 December 2025

for

TEMPESTAS GLOBAL LTD

Directors Andrew Costain
Andrew Paul
Registered Number 15868974
Registered Office UNIT 3 BUGBROOKE FIELDS BUSINESS PARK
BUGBROOKE ROAD
KISLINGBURY
NN7 4UF
Trading Address 1 Arlington Square
Downshire Way
Bracknell
Berkshire
RG12 1WA
Accountants Maitland & Associates
Unit 3
Bugbrooke Field Business Park
Kislingbury
NN7 4UF
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 01 December 2025.
Principal activities
Tempestas Global Ltd is a natural resource exploration company that explores and develops its assets across Arizona and Chile. Principal activity of the company during the financial year was of holding company of the Tempestas group, holding the group's investments principally Tempestas Copper Inc, the group's US copper mining company,  and carrying out the administration, treasury and funding functions of the group. 
Directors
The directors who served the company throughout the year were as follows:
Andrew Costain
Andrew Paul
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. In preparing it, the directors have taken advantage of the small companies exemption from the requirement to prepare a strategic report

This report was approved by the board and signed on its behalf by:


----------------------------------
Andrew Costain
Director		----------------------------------
Andrew Paul
Director

Date approved: 15 October 2026
2
 

 		 Notes

 		 2025
£

   2024
£
(as restated)
Fixed assets      
Tangible fixed assets 3 139,493    - 
Investments 4 163,539    163,539 
303,032    163,539 
Current assets      
Debtors 5 176,000    - 
Cash at bank and in hand 294,039    - 
470,039    - 
Creditors: amount falling due within one year 6 (234,415)   (21,713)
Net current assets 235,624    (21,713)
 
Total assets less current liabilities 538,656    141,826 
Creditors: amount falling due after more than one year 7 (2,451,548)   (163,539)
Net assets (1,912,892)   (21,713)
 

Capital and reserves 		     
Called up share capital 8 3,000    3,000 
Profit and loss account (1,915,892)   (24,713)
Shareholders' funds (1,912,892)   (21,713)
 


For the year ended 01 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 15 October 2026 and were signed on its behalf by:


-------------------------------
Andrew Costain
Director		-------------------------------
Andrew Paul
Director
3
General Information
TEMPESTAS GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 15868974, registration address UNIT 3 BUGBROOKE FIELDS BUSINESS PARK , BUGBROOKE ROAD, KISLINGBURY, NN7 4UF. The trading address of the company is 1 Arlington Square, Downshire Way, Bracknell, Berkshire, RG12 1WA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Comparatives - Restatement
The 2024 comparatives have been restated from the accounts as previously delivered to the Registrar, which included goodwill and a capital redemption reserve of £5,045,566,325 for which no acquisition or share redemption had occurred; these have been removed as the correction of an error.
Going concern basis
The company is dependent on continued funding from its investment in Tempestas Copper Inc, on the group's underlying mineral assets, and on loans from directors; the directors consider it appropriate to prepare the accounts on the going-concern basis on that footing.
Turnover
Income is recognised only where a receipt is identified as the company's own; receipts from Tempestas Copper Inc are inter-company funding; receipts from and payments to directors, investors, and connected individuals are balance-sheet movements. No completed assignment-fee milestone has been reported; any entitlement for work performed before year end requires separate assessment. The company, during the year did not receive any funds in the form of Turnover.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, includes buildings held under finance lease i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

The lease acquisition cost of the company's leasehold premises is capitalised and amortised on a straight line basis over the 60 months to the tenant's first break, the lease being for ten years with a tenant option to determine at year five. The asset is amortised as follows:
Land and Buildings 5 years Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 02 December 2024 -    - 
Additions 167,392    167,392 
Disposals -    - 
At 01 December 2025 167,392    167,392 
Depreciation
At 02 December 2024 -    - 
Charge for year 27,899    27,899 
On disposals -    - 
At 01 December 2025 27,899    27,899 
Net book values
Closing balance as at 01 December 2025 139,493    139,493 
Opening balance as at 02 December 2024 -    - 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 02 December 2024 163,539    163,539 
Additions -    - 
Disposals -    - 
At 01 December 2025 163,539    163,539 

5.

Debtors: amounts falling due after one year

2025
£		   2024
£
Other Debtors 176,000    - 
176,000    - 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 224,171    - 
Other Creditors 10,244    21,713 
234,415    21,713 

7.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Amounts Owed to Group Undertakings 1,291,021    - 
Directors' Loan Accounts 1,160,527    163,539 
2,451,548    163,539 

8.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
3,000 Class A shares of £1.00 each 3,000    3,000 
3,000    3,000 

9.

Additional Notes

Investment in Subsidiaries - Tempestas Copper Inc
The company's subsidiary is Tempestas Copper Inc (incorporated in Wyoming, USA; registered as a foreign corporation in Arizona), which holds the Kelvin copper project in Pinal County, Arizona.

The company holds 70,000 ordinary shares, representing 70% of the issued share capital and voting rights. Independent geological reporting held by the group estimates approximately 1.2 billion pounds of contained copper which was valued at approximately $5.10 per pound as at 1 Dec 2025. 

The notes to the Balance Sheet reflects this as Tempestas Global Ltd continues to engage on copper contracts for the next 4 years. This valuation is validated by the in-ground quantum and 43-101 issued by the geological and valuation reports carried out and certified.  
10.

Supporting schedule: Copper reconciliation

Source / Quantity Basis                                                            Quantity
Original Shonk Report                                                                1,198,964,518 lb
Rounded Contractual Quantity                                                     1,200,000,000 lb
Ikonia Statement - 28 November 2025                                        1,202,040,816 lb
Ikonia Excess over original report                                                3,076,298 lb (0.257%)
11.

Year-end benchmark

LME copper cash settlement US$11,299 per metric tonne, equivalent to US$5.12514018863/lb.
Currency: £1 = US$1.3252.
Conversion: pounds × 0.45359237 / 1,000 × 11,299 /1.3252.

Quantity Basis                                        Gross USD                            Gross GBP

Original Survey                                    6,144,861,236                            4,636,931,207
Rounded 1.2billion lb                           6,150,168,226                            4,640,935,879
Ikonia's Exact Quantity per report         6,160,627,694                            4,648,828,625

Ikonia's 1,137,873,303 lb plus its 64,167,513 lb Balance equals 1,202,040,816 lb. These are components, not extra copper. Its original US$6,233,783,671.78 equals quantity × US$5.186/lb; the selected LME year-end benchmark is 1.174% lower.

These are gross metal-price illustrations before recovery losses, costs, royalties, tax and discounting.
12.

Prior Period Adjustment

The accounts for the period ended 1 December 2024, as previously delivered to the Registrar, included goodwill of £5,045,566,325 and a capital redemption reserve of £5,045,566,325 for which no acquisition or share redemption had occurred. These have been removed as the correction of an error and the 2024 comparatives have been restated.

The restated comparatives also include the investment in Tempestas Copper Inc, the directors' loan account, other creditors, called up share capital and administrative expenses for the period, which were not included in the accounts as previously delivered.

Effect on the balance sheet at 1 December 2024:
Particulars   As previously Reported
£		   Adjustment
£		   As Restated
£
Intangible assets 5,045,566,325  (5,045,566,325) - 
Investments -  163,539  163,539 
Creditors due within one year -  (21,713) (21,713)
Creditors due after more than one year -  (163,539) (163,539)
Net assets 5,045,566,325  (5,045,588,038) (21,713)
Called Up Share Capital -  3,000  3,000 
Capital redemption reserve 5,045,566,325  (5,045,566,325) - 
Profit and Loss Account -  (24,713) (24,713)
Shareholders' Funds 5,045,566,325  (5,045,588,038) (21,713)

Effect on the income statement for the period ended 1 December 2024: administrative expenses and a loss for the period of £24,713 recognised.
4