NARF INDUSTRIES PLC

• ⚠

  Material uncertainty over going concern

  The Directors believe the Group's plan is based on sound analysis, however, since the Group's plans, to a certain extent, are reliant on market conditions and/or third parties there remains a material uncertainty as to the Group's ability to remain a going concern as highlighted in the audit report. The Group has current liabilities (primarily due to the LOC from the CEO) which are greater than current assets at the reporting date and there is a deficit on shareholders' equity.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

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. NARF INDUSTRIES PLC 2022-08-03 → present
2. CYBA PLC 2019-01-17 → 2022-08-03
3. GCQC PLC 2018-11-28 → 2019-01-17

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The Directors believe the Group's plan is based on sound analysis, however, since the Group's plans, to a certain extent, are reliant on market conditions and/or third parties there remains a material uncertainty as to the Group's ability to remain a going concern as highlighted in the audit report. The Group has current liabilities (primarily due to the LOC from the CEO) which are greater than current assets at the reporting date and there is a deficit on shareholders' equity.”

Group structure

1. NARF INDUSTRIES PLC · parent
   1. Narf Industries LLC 100% · USA · Provision of security goods and services to USG and affiliated entities
   2. Narf Industries PR LLC 100% · USA · Provision of security goods and services to Non-USG entities
   3. Narf Holdings US, Inc 100% · USA · Holding company

Significant events

• “In March 2024, the discovery of a backdoor in XZ Utils... exposed just how vulnerable critical open-source infrastructure had become. That event brought urgency and clarity. We made the decision to shift resources and leadership focus toward rapidly transforming our Social Cyber R&D into a productised platform-now launched as Ranger.ai.”

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

Filings

3

last 12 months

Capital events

1

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.