Hot Rocks Investments PLC

Earnings Release • Mar 31, 2022

National Storage Mechanism | Additional information

Hot Rocks Investments plc (HRIP)

Hot Rocks Investments plc: Unaudited Interim Results to 30 September 2021

31-March-2022 / 17:08 GMT/BST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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			HOT ROCKS INVESTMENTS PLC
			("Hot Rocks" or the "Company")
UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE PERIOD ENDED 30TH SEPTEMBER 2021
CHAIRMAN'S STATEMENT
I hereby present the interim results for the Company for the six months ended
30th September2021.
The Company is an active investor largely in junior natural resources companies.
The Company made a total comprehensive profit of GBP64,281 for the period. The Company
will not be paying a dividend.
Cash at bank at 30th September 2021 was GBP92,815.
We now hold stakes in the following entities:
Aqru plc
Copper Bay Limited
Elephant Oil Limited
Genflow Biosciences plc
Impact Oil & Gas Limited
Mafula Energy Limited
MedGold Resources Corp
Minergy Limited
New Horizon Oil & Gas Limited
NFT Investments plc
Nevada Lithium Resources Inc
Pilar Gold Inc
Rift Resources Limited
Royal Road Minerals Limited
Trigon Metals Inc
Brian Rowbotham
Non-Executive Chairman
31st March 2022
HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER 2021
Continuing operations
Revenue					0
Share based payment					0
Operating expenses					(36,718)
Fair value gains on financial assets					100,999
					______
Profit from operations and before taxation					64,281
Corporation tax					0
					______
Profit for the period					64,281
Total comprehensive income for the period					64,281
Earnings per share (pence)
Basic					(0.04)
Diluted					(0.04)

HOT ROCKS INVESTMENTS PLC
CONDENSED STATEMENT OF FINANCIAL POSITION
AS AT 30TH SEPTEMBER 2021
Assets
Non-current assets
Financial assets at fair value through profit and loss						204,415
						_______
						204,415
Current assets
Financial assets at fair value through profit and loss						711,638
Cash and cash equivalents						92,975
						804,613
Total assets						1,009,028
Equity and liabilities
Equity
Called up share capital						173,602
Share premium account						1,174,631
Share based payment reserve						115,600
Retained loss						(676,174)
						_______
						787,659
Current liabilities
Trade and other payables						221,369
Total equity and liabilities						1,009,028
HOT ROCKS INVESTMENTS PLC
CONDENSED CASH FLOW STATEMENT
FOR THE PERIOD ENDED 30TH SEPTEMBER 2021
Cash flows from operating activities
Operating profit						64,281
Adjustments:
Fair value adjustment of financial assets through
profit and loss						(113,761)
Loss on disposal of financial assets through profit
and loss						12,762
Movements in working capital:
Increase in trade and other payables						24,770
					_______
Net cash used in operating activities						(11,948)
Cash flows from investing activities
Proceeds from disposal of financial assets through
profit and loss						164,856
Acquisition of financial assets through profit and loss						(180,610)
					______
Net cash used in investing activities						(15,754)
						______
Decrease in cash and cash equivalents						(27,702)
Cash and cash equivalents at the beginning of the
period						120,677
					______
Cash and cash equivalents at the end of the period						92,975
HOT ROCKS INVESTMENTS PLC
ACCOUNTING POLICIES
FOR THE PERIOD ENDED 30TH SEPTEMBER 2021
Financial information
	The financial information set out above does not constitute statutory
	accounts within the meaning of Section 434 Companies Act 2006. It has
	been prepared on a going concern basis in accordance with the recognition
	and measurement criteria of the International Financial Reporting
	Standards (IFRS) as adopted by the European Union.
	The accounting policies used in the preparation of this set of condensed
	interim financial statements are consistent with those set out in the
	Company's annual financial statements for the year ended 31 March 2021.
	Statutory accounts for the year ended 31 March 2021 were approved by the
	Board of Directors on 31 March 2022 and delivered to the Registrar
	of Companies. The report of the independent auditor on those accounts
	was unqualified.
	The financial information for the six months ended 30 September 2021
	has not been reviewed. As permitted, the Company has chosen not to
	adopt IAS 34 "Interim Financial Statements" in preparing this interim
	financial information.
	Risks and uncertainties
	The Board continually assesses and monitors the key risks of the business.
	The key risks that could affect the Company's medium-term performance
	and the factors that mitigate those risks have not substantially changed
	from those discussed in the Financial Statements to 31 March 2021.
	Critical accounting estimates
	The preparation of the condensed interim financial statements requires
	management to make estimates and assumptions that affect the reported
	amounts of assets and liabilities and disclosure of contingent assets and
	liabilities at the end of the reporting period. Significant items subject to
	estimates are set out in the accounting policies of the Company's Financial
	Statements to 31 March 2021.
	The Directors of the issuer are responsible for the content of this
	announcement.
	For further information please contact:
	Hot Rocks Investments plc - Gavin Burnell: 020 7264 4444
	Peterhouse Capital Limited - Guy Miller: 020 7220 9796

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ISIN:	GB00B1WV3198
Category Code:	MSCM
TIDM:	HRIP
Sequence No.:	152899
EQS News ID:	1317347

End of Announcement	EQS News Service

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