MILA RESOURCES PLC

• ⚠

  Material uncertainty over going concern

  The Company's current cash reserves are less than the forecasted expenditure over the next 12 months and therefore further funding will need to be raised. Due to the aforementioned £776,000 raise, the Directors are confident that such further funding, if required, can be obtained and therefore the Directors continue to adopt the going concern basis in preparing the financial statements. However, the Directors acknowledge that the receipt of additional funding has not yet been secured and therefore a material uncertainty exists which may cause significant doubt about the availability to continue to trade as a going concern.

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

  -75.3%

  £1,417,710 → £350,301

• Net assets

  -7.8%

  £6,951,807 → £6,411,881

• Employees

  0%

  5 → 5

• Operating profit

  -16.6%

  -£686,298 → -£800,435

• Profit before tax

  -16.6%

  -£686,277 → -£800,435

• Wages

  -41%

  £348,332 → £205,515

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.

1. MILA RESOURCES PLC 2015-10-23 → present
2. MILA RESOURCES LIMITED 2015-06-03 → 2015-10-23

Accounting basis

UK-adopted IAS

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's current cash reserves are less than the forecasted expenditure over the next 12 months and therefore further funding will need to be raised. Due to the aforementioned £776,000 raise, the Directors are confident that such further funding, if required, can be obtained and therefore the Directors continue to adopt the going concern basis in preparing the financial statements. However, the Directors acknowledge that the receipt of additional funding has not yet been secured and therefore a material uncertainty exists which may cause significant doubt about the availability to continue to trade as a going concern.”

Significant events

• “Acquired the EMX Option relating to the Yarrol gold project and other licences in Queensland, Australia”
• “During the year successfully concluded an additional Fund Raise of £776,000 (before costs) in July 2025”
• “Enhanced interaction with the Traditional Land Owners.”
• “Enhanced environmental monitoring”

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

Filings

12

last 12 months

Capital events

5

last 24 months

Officers appointed

1

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.