MENDELL HELIUM PLC

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

  -63.8%

  £279,000 → £101,000

• Cash

  -53.4%

  £163,000 → £76,000

• Net assets

  +304.6%

  £130,000 → £526,000

• Employees

  —

  Not reported

• Operating profit

  -2.1%

  -£1,100,000 → -£1,123,000

• Profit before tax

  +35.9%

  -£1,114,000 → -£714,000

• Wages

  -85.4%

  £589,000 → £86,000

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. MENDELL HELIUM PLC 2024-09-30 → present
2. VOYAGER LIFE PLC 2021-06-07 → 2024-09-30
3. VOYAGER LIFE LIMITED 2020-11-12 → 2021-06-07

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Further details are given in Note 2.2 to the Financial Statements. For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 27 June 2024, the Company announced that it had taken an option to acquire M3 Helium Corporation ("M3 Helium), a Kansas based producer of helium.”
• “The transaction to sell the Voyager-branded health and wellness business to Orsus Therapeutics PLC completed on 11 November 2024.”
• “On 15 September 2025, the de-watering process commenced at M3 Helium's Rost 1-26 well in Fort Dodge, Kansas.”
• “The Company adopted a bitcoin treasury management policy on 3 July 2025.”
• “In March 2025, the Company moved to new, smaller head office premises in Perth, Scotland.”
• “Subsequent to the year end, on 7 April 2025, the Company raised gross proceeds of £796,000 by issuing 39,807,950 new ordinary shares.”
• “On 25 April 2025, the Company raised a further £38,834 by issuing 1,941,691 ordinary shares.”
• “On 23 June 2025, the Company raised gross proceeds of £515,000 by issuing 25,745,500 new ordinary shares.”
• “On 28 July 2025, John Brown joined the board of directors.”
• “During July, the Company agreed to restructure the consideration received for the sale of its former plant based health and wellness business to Orsus.”
• “The date on which the option to acquire M3 Helium must be exercised was extended to 30 November 2025.”

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

Filings

15

last 12 months

Capital events

10

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.