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Hot Rocks Investments PLC
Annual / Quarterly Financial Statement • Sep 30, 2025
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Annual / Quarterly Financial Statement
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News Details
UK Regulatory | 30 September 2025 17:21
Hot Rocks Investments plc: Audited Final Results for year ended 31 March 2025
Hot Rocks Investments plc (HRIP)
Hot Rocks Investments plc: Audited Final Results for year ended 31 March 2025
30-Sep-2025 / 16:21 GMT/BST
30 September 2025
HOT ROCKS INVESTMENTS PLC
(the “Company”)
Audited Final Results for year ended 31 March 2025
Managing Director’s Statement
“I hereby present the financial results for the Company for the year ended 31 March 2025. The Company has been an active investor primarily in junior natural resources companies. The Company also reviews opportunities to invest in other sectors, particularly technology, and generally seeks to invest in exciting companies where our valuation entry point reflects the early-stage nature of their business or sector which, although carrying higher risk, gives us exposure to considerable upside.
We have continued to build and nurture our investment portfolio during the year in difficult market conditions for small companies and are pleased with the Company performance. We also had a favourable cash position enabling us to take advantage of situations as they arose.
The Company made a loss for the year of £173,615, and a profit of £46,984 in the prior year. The Company will not be paying a dividend for the foreseeable future (2024: £Nil) as we seek to reinvest any sale proceeds from our investments into opportunities with the potential for significant capital growth.
Cash and cash equivalents as at the year end of 31 March 2025 were £108,360 (2024: £5,386).
During the year we sold approximately 94% of our holding in Phoenix Digital Assets plc in a tender offer for the sum of £235,125.
We also sold our holding in Impact Oil & Gas Limited, to Africa Oil Corp, receiving the sum of £142,250, a 5.6X return on the Company’s investment.
Post year end we have been very active, taking interests in various companies including Wishbone Gold plc, The Smarter Web Company plc, Oregen Energy Corp (formerly Supernova Metals Corp.), Mendell Helium plc, First Development Resources plc, Hamak Gold Ltd, Astrid Intelligence plc (formerly CEL AI plc), B.Hodl plc, Prospectiva Resources Limited and Parent Capital Corp.
We now hold interests in ordinary shares and/or convertible loans and/or warrants in the following entities:
Astrid Intelligence plc (formerly CEL AI plc)
B.HODL plc
Electrum Discovery Corp
Elephant Oil Corp
Endor Group Limited t/a Universe Payments
Hamak Gold Ltd
Laiva Gold Inc
Mafula Energy Limited
Mendell Helium plc
Minergy Limited
Mosi Copper Limited
Orcadian Energy plc
Oregen Energy Corp (formerly Supernova Metals Corp)
Oscillate plc
Parent Capital Corp.
Phoenix Digital Assets plc
Pilar Gold Inc
Prospectiva Resources Limited
Rift Resources Limited
Supernova Digital Assets plc
TAP Global Group plc
The Smarter Web Company Plc
T5 Oil & Gas Ltd
Trigon Metals Inc
Tucano Gold Inc
Unicorn Mineral Resources plc
WeShop Holdings Limited
We are seeing numerous exciting opportunities at present and look forward to keeping the market updated in the coming months.”
Gavin Burnell
Managing Director
For further details please contact:
Hot Rocks Investments plc
Gavin Burnell Tel: 0207 2644 546
Optiva Securities Limited
Vishal Balasingham Tel: 0203 981 4174
| HOT ROCKS INVESTMENTS PLC |
| STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 31 MARCH 2025 |
2025
2024
£
£
Continuing Operations
Revenue
–
–
Operating expenses
(89,814)
(67,902)
Other profit/(loss) – sale of financial assets at fair value through profit and loss account
173,874
775
Foreign exchange loss on financial assets
–
–
Movement in fair value of financial assets through profit
and loss
(257,678)
113,928
──────────
──────────
OPERATING (LOSS)/PROFIT
(173,618)
46,801
Finance income
3
183
─────────
─────────
(LOSS)/PROFIT BEFORE INCOME TAX
(173,615)
46,984
Income tax
–
–
─────────
─────────
(LOSS)/PROFIT AFTER INCOME TAX
(173,615)
46,984
══════════
══════════
Other Comprehensive Income
Items that may be reclassified subsequently to profit or loss
–
–
Fair value change in value on financial assets
–
–
| ───────── | ───────── |
─────────
Total Comprehensive (loss)/income for the year
(173,615)
46,984
══════════
══════════
Basic (loss)/earnings per share (pence)
(0.10)
0.03
Diluted (loss)/earnings per share (pence)
(0.09)
0.02
| HOT ROCKS INVESTMENTS PLC |
| STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Issued capital | Share premium | Other reserves | Retained earnings | Total equity | |
| £ | £ | £ | £ | £ | |
| Balance at 1 April 2024 | 173,602 | 1,174,631 | 115,600 | (942,476) | 521,357 |
| Loss for the year | – | – | – | (173,615) | (173,615) |
| Share issues | 15,000 | 45,000 | – | – | 60,000 |
| ────────── | ───────────── | ────────── | ────────── | ────────── | |
| 188,602 | 1,219,631 | 115,600 | (1,116,091) | 407,742 | |
| ══════════ | ═════════════ | ══════════ | ══════════ | ══════════ |
Issued capital
Share premium
Other reserves
Retained earnings
Total equity
£
£
£
£
£
Balance at 1 April 2023
173,602
1,174,631
115,600
(989,460)
474,373
Profit for the year
–
–
–
46,984
46,984
──────────
─────────────
──────────
──────────
──────────
173,602
1,174,631
115,600
(942,476)
521,357
══════════
═════════════
══════════
══════════
══════════
| HOT ROCKS INVESTMENTS PLC |
| STATEMENT OF FINANCIAL POSITION |
| AS AT 31 MARCH 2025 |
| 2025 | 2024 | ||||
| £ | £ | ||||
| ASSETS | |||||
| CURRENT ASSETS | |||||
| Financial assets designated as fair value through profit or loss | 584,795 | 824,823 | |||
| Trade and other receivables | 26,703 | 117 | |||
| Cash and cash equivalents | 108,360 | 5,386 | |||
| ────────── | ────────── | ||||
| TOTAL ASSETS | 719,858 | 830,326 | |||
| ══════════ | ══════════ | ||||
| EQUITY | |||||
| ISSUED CAPITAL AND RESERVES | |||||
| Issued share capital | 188,602 | 173,602 | |||
| Share premium | 1,219,631 | 1,174,631 | |||
| Reserves | 115,600 | 115,600 | |||
| Retained loss | (1,116,091) | (942,476) | |||
| ───────────── | ───────────── | ||||
| TOTAL EQUITY | 407,742 | 512,357 | |||
| CURRENT LIABILITIES | |||||
| Trade and other payables | 312,116 | 308,969 | |||
| ────────── | ────────── | ||||
| TOTAL EQUITY AND LIABILITIES | 719,858 | 830,326 | |||
| ══════════ | ══════════ | ||||
| HOT ROCKS INVESTMENTS PLC |
| STATEMENT OF CASH FLOWS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2025 | 2024 | |||
| £ | £ | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Total operating (loss)/profit | (173,618) | 46,801 | ||
| ADJUSTMENTS TO RECONCILE TO PROFIT FROM OPERATIONS | ||||
| Finance income | 3 | 183 | ||
| ───────── | ───────── | |||
| ADJUSTMENTS TO RECONCILE PROFIT FROM OPERATIONS | (173,615) | 46,984 | ||
| INCREASE IN WORKING CAPITAL | ||||
| (Profit)/loss on disposal of financial assets held through profit and loss |
(173,874) | (775) | ||
| Movement in fair value of financial assets through profit and loss | 257,678 | (113,928) | ||
| (Increase)/decrease in trade and other receivables | (26,583) | 489 | ||
| Increase in trade and other payables | 3,145 | 31,244 | ||
| ───────── | ────────── | |||
| INCREASE/(DECREASE) IN WORKING CAPITAL | 60,366 | (82,970) | ||
| ────────── | ────────── | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | (113,249) | (35,986) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchases of financial assets through profit and loss | (246,950) | (172,024) | ||
| Proceeds from disposal of financial assets through profit and loss | 403,173 | 191,486 | ||
| ────────── | ───────── | |||
| NET CASH FLOWS FROM INVESTING ACTIVITIES | 156,223 | 19,444 | ||
| ────────── | ───────── | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Shares issued | 60,000 | – | ||
| ────────── | ────────── | |||
| NET CASH FLOWS FROM FINANCING ACTIVITIES | 60,000 | – | ||
| ────────── | ────────── | |||
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 102,974 | (16,542) | ||
| Cash and cash equivalents as at 1 April | 5,386 | 21,928 | ||
| ────────── | ───────── | |||
| CASH AND CASH EQUIVALENTS AS AT 31 MARCH | 108,360 | 5,386 | ||
| ══════════ | ═════════ | |||
| HOT ROCKS INVESTMENTS PLC | |
| NOTES TO THE FINANCIAL STATEMENTS | |
| AS AT 31 MARCH 2025 | |
1. AUTHORISATION OF FINANCIAL STATEMENTS AND STATEMENT OF COMPLIANCE WITH IFRS’S
The company’s financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom and as applied in accordance with the provisions of the Companies Act 2006. The principal accounting policies adopted by the company are set out in note 2.
2. ACCOUNTING POLICIES
The principal Accounting Policies Applied in the preparation of these Financial Statements are set our below. These Policies have been applied consistently to all the periods presented, unless otherwise stated.
Basis of preparation of Financial Statements
The Financial Statements have been prepared in accordance with International Financial Reporting Standards as adopted by the United Kingdom (IFRS as adopted by the UK), IFRIC interpretations (IFRSIC) and those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The Financial Statements have also been prepared under the historical cost convention, as modified by the revaluation of financial assets at fair value through profit and loss account.
The preparation of the Financial Statements in conformity with IFRSs required the use of certain critical accounting estimates and assumptions. It also requires management to exercise its judgement in the process of applying the Company’s Accounting Policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the Financial Statements, are disclosed later in these accounting policies.
The Financial Statements are presented in sterling (£) which is the functional currency of the Company, rounded to the nearest pound on an annual basis and management confirm that they give a fair presentation of the Company.
New standards, amendments and interpretations adopted by the Company
The following relevant IFRS or IFRIC interpretations were effective for the first time for the financial year beginning 1 April 2024. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements:
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
| ISIN: | GB00B1WV3198 |
| Category Code: | FR |
| TIDM: | HRIP |
| LEI Code: | 213800JNSRPMZVREEO51 |
| Sequence No.: | 403715 |
| EQS News ID: | 2206266 |
| End of Announcement | EQS News Service |