IMPACT AFRICA LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -56.6%

  £101,667 → £44,106

• Net assets

  -0.8%

  -£20,458,249 → -£20,626,448

• Employees

  —

  Not reported

• Operating profit

  -33.3%

  -£123,346 → -£164,461

• Profit before tax

  -26.4%

  -£133,064 → -£168,199

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

Margins divide P&L lines by turnover. 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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “In December 2021, the Transkei & Algoa joint venture commenced a 3D seismic survey over the block. However, interim legal proceedings were initiated in the South African courts by environmental activists and local communities which resulted in the survey being terminated, and a later procedural review application of the decisions to award and renew the Exploration Right ("ER") resulted in a High Court judgement, issued in September 2022, that the minister's decision to award the ER over the Transkei & Algoa block be set aside. In December 2022 leave to appeal to the Supreme Court was granted. The appeal hearing held in May 2024 and the judgment delivered in June 2024. Whilst the appeal was dismissed, the Supreme Court suspended the High Court judgment setting aside the ER until determination of the third renewal application and the joint venture has been given the opportunity to undertake a further public consultation process to address the matters raised in respect of the earlier consultation process. In August 2024, the Constitutional Court issued an order inviting the applicants to pursue applications made by them for leave to appeal and their appeals. The decision in respect of the leave to appeal will be considered by the Constitutional Court together with the appeal.”
• “On the 9 August 2024 the Company signed an Assignment, Transfer and termination agreement with Silver Wave Energy Limited which on completion will transfer Silver Waves Energy Limited's 10% equity in Area 2 to the Company.”
• “In early 2024, Impact Namibia entered into an agreement with Total Energies EP Namibia B.V. for the farm-out of part of its interests in 2913B and 2912 Blocks in Namibia. This Agreement provides Impact Namibia with a carry loan for all of Impact Namibia's remaining development, appraisal and exploration joint venture costs on the blocks from 1 January 2024 until the First Oil Date. The transaction completed with gross proceeds of $99.2 million received on 1 November 2024.”
• “In August 2024, Impact entered into an agreement to acquire the Silver Wave Energy Pte Ltd ("Silver Wave Energy") 10% interest in Area 2 for $0.5 million, which would take Impact to a 100% ownership of the Area 2 licence. Closing of the transaction is subject to customary conditions, including the approval of the Government of South Africa. Minimal work was undertaken during the year on this licence.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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