VARIALIFT AIRSHIPS PLC

• ⚠

  Confirmation statement overdue

  Due 2026-04-23.

• ⚠

  Material uncertainty over going concern

  We draw attention to the financial statements, which indicate that the company incurred a net loss of £28,226 during the year ending 29th December 2024. This indicates significant doubts on the company's ability to continue as a going concern. As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect to this matter.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -75.2%

  £3,443 → £854

  lowest in 8 filed years

• Net assets

  -3.7%

  £710,113 → £683,887

  first positive since 2021

• Employees

  0%

  2 → 2

• Operating profit

  -12.8%

  -£25,027 → -£28,226

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

McMillan Woods Audits Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the financial statements, which indicate that the company incurred a net loss of £28,226 during the year ending 29th December 2024. This indicates significant doubts on the company's ability to continue as a going concern. As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect to this matter.”

Significant events

• “On 2 December 2024, the Company entered into an agreement with Burwash Minerals Corp, a Canadian company, to provide total funding of USD 70,000,000 in tranches. The funding will be used to complete the pilot trainer and establish a production line for the ARH50. In return, Burwash Minerals Corp will receive shares in the Company and exclusive rights to the USA, Canadian, and Mexican markets for the ARH50.”
• “On 7 June 2025, the Company agreed the Heads of Agreement with another party and is currently in advanced negotiations to finalise the terms of a further strategic collaboration.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.