Hot Rocks Investments plc
Hot Rocks Investments plc: Unaudited Interim Results to 30 September 2021

HOT ROCKS INVESTMENTS PLC

(“Hot Rocks” or the “Company”)

UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE PERIOD ENDED 30TH SEPTEMBER 2021

CHAIRMAN’S STATEMENT

I hereby present the interim results for the Company for the six months ended

30th September2021.

The Company is an active investor largely in junior natural resources companies.

The Company made a total comprehensive profit of GBP64,281 for the period. The Company

will not be paying a dividend.

Cash at bank at 30th September 2021 was GBP92,815.

We now hold stakes in the following entities:

Aqru plc

Copper Bay Limited

Elephant Oil Limited

Genflow Biosciences plc

Impact Oil & Gas Limited

Mafula Energy Limited

MedGold Resources Corp

Minergy Limited

New Horizon Oil & Gas Limited

NFT Investments plc

Nevada Lithium Resources Inc

Pilar Gold Inc

Rift Resources Limited

Royal Road Minerals Limited

Trigon Metals Inc

Brian Rowbotham

Non-Executive Chairman

31st March 2022

HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30TH SEPTEMBER 2021

Continuing operations

Revenue

0

Share based payment

0

Operating expenses

(36,718)

Fair value gains on financial assets

100,999

      ______

Profit from operations and before taxation

64,281

Corporation tax

0

       ______

Profit for the period

64,281

Total comprehensive income for the period

64,281

Earnings per share (pence)

Basic

(0.04)

Diluted

(0.04)

HOT ROCKS INVESTMENTS PLC

CONDENSED STATEMENT OF FINANCIAL POSITION

AS AT 30TH SEPTEMBER 2021

Assets

Non-current assets

Financial assets at fair value through profit and loss

204,415

    _______

204,415

Current assets

Financial assets at fair value through profit and loss

711,638

Cash and cash equivalents

92,975

804,613

Total assets

1,009,028

Equity and liabilities

Equity

Called up share capital

173,602

Share premium account

1,174,631

Share based payment reserve

115,600

Retained loss

(676,174)

_______               

787,659

Current liabilities

Trade and other payables

221,369

Total equity and liabilities

1,009,028

HOT ROCKS INVESTMENTS PLC

CONDENSED CASH FLOW STATEMENT

FOR THE PERIOD ENDED 30TH SEPTEMBER 2021

Cash flows from operating activities

Operating profit

64,281

Adjustments:

Fair value adjustment of financial assets through

profit and loss

(113,761)

Loss on disposal of financial assets through profit

and loss

12,762

Movements in working capital:

Increase in trade and other payables

24,770

    _______

Net cash used in operating activities

(11,948)

Cash flows from investing activities

Proceeds from disposal of financial assets through

profit and loss

164,856

Acquisition of financial assets through profit and loss

(180,610)

      ______

Net cash used in investing activities

(15,754)

    ______

Decrease in cash and cash equivalents

(27,702)

Cash and cash equivalents at the beginning of the

period

120,677

       ______

Cash and cash equivalents at the end of the period

92,975

HOT ROCKS INVESTMENTS PLC

ACCOUNTING POLICIES

FOR THE PERIOD ENDED 30TH SEPTEMBER 2021

Financial information

The financial information set out above does not constitute statutory

accounts within the meaning of Section 434 Companies Act 2006. It has

been prepared on a going concern basis in accordance with the recognition

and measurement criteria of the International Financial Reporting

Standards (IFRS) as adopted by the European Union.

The accounting policies used in the preparation of this set of condensed

interim financial statements are consistent with those set out in the

Company’s annual financial statements for the year ended 31 March 2021.

Statutory accounts for the year ended 31 March 2021 were approved by the

Board of Directors on 31 March 2022 and delivered to the Registrar

of Companies. The report of the independent auditor on those accounts

was unqualified.

The financial information for the six months ended 30 September 2021

has not been reviewed. As permitted, the Company has chosen not to

adopt IAS 34 “Interim Financial Statements” in preparing this interim

financial information.

Risks and uncertainties

The Board continually assesses and monitors the key risks of the business.

The key risks that could affect the Company’s medium-term performance

and the factors that mitigate those risks have not substantially changed

from those discussed in the Financial Statements to 31 March 2021.

Critical accounting estimates

The preparation of the condensed interim financial statements requires

management to make estimates and assumptions that affect the reported

amounts of assets and liabilities and disclosure of contingent assets and

liabilities at the end of the reporting period. Significant items subject to

estimates are set out in the accounting policies of the Company’s Financial

Statements to 31 March 2021.

The Directors of the issuer are responsible for the content of this

announcement.

For further information please contact:

Hot Rocks Investments plc – Gavin Burnell: 020 7264 4444

Peterhouse Capital Limited – Guy Miller: 020 7220 9796