Hot Rocks Investments plc (HRIP) 
Hot Rocks Investments plc: Final Results 2023 
29-Sep-2023 / 13:45 GMT/BST 
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29 September 2023 
 
HOT ROCKS INVESTMENTS PLC 
Audited Final Results for year ended 31 March 2023 
 
Chairman's Statement 
 
I hereby present the financial results for the Company for the year ended 31 March 2023.  The Company is an active 
investor primarily in junior natural resources companies but also in other sectors especially where the Company is able 
to secure an early-stage low valuation entry point. 
 
The Company made a loss for the year of GBP367,810, and a profit of GBP118,905 in the prior year. The Company will not be 
paying a dividend for the foreseeable future (2022: GBPNil) as we seek to reinvest all profits in opportunities with the 
potential for significant capital growth. 
 
Cash and cash equivalents as at the year end of 31 March 2023 were GBP21,928 (2022: GBP36,008). 
 
We have continued to build and nurture our investment portfolio and we are generally pleased with performance, 
particularly in light of very difficult market conditions in the space in which we operate. 
 
We remain excited about the potential listing on NASDAQ of Elephant Oil Corp at a price of USD4-USD5 per share where we 
hold 659,091 shares and Mosi Copper Limited, an Africa-focused copper exploration company where we are a founder 
shareholder and which plans to float on a stock exchange when markets permit.  In addition, Pilar Gold Inc plans to 
seek a listing in the near term and we are due to also become a shareholder in Laiva Gold Inc. 
 
We now hold stakes in the following entities: 
 
     -- Aqru plc (AQUIS: AQRU) 
     -- Elephant Oil Corp 
     -- Impact Oil & Gas Limited 
     -- Mafula Energy Limited 
     -- MedGold Resources Corp (TSXV:MED) 
     -- Minergy Limited (Botswana SX) 
     -- Mosi Copper Limited 
     -- New Horizon Oil & Gas Limited (trading as T5) 
     -- NFT Investments plc (AQUIS:NFT) 
     -- Pilar Gold Inc 
     -- Royal Road Minerals Limited (TSXV:RYR) 
     -- Trigon Metals Inc (TSXV:TM) 
     -- D3 Energy 
     -- Rift Resources Limited 
     -- Unicorn Mineral Resources Limited 
 
The Board of Directors will continue to introduce further equity positions to the Company to enable additional 
diversification of the portfolio. 
 
Brian Rowbotham 
Non-Executive Chairman 
 
Hot Rocks Investments plc 
Gavin Burnell Tel: 020 7264 4546 
 
Optiva Securities Limited 
Daniel Ingram  Tel: 020 3981 4178 
 
HOT ROCKS INVESTMENTS PLC 
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 
FOR THE YEARED  31 MARCH 2023 
Notes                                                                                             2023                    2022 
                                                                                                  GBP                       GBP 
Continuing Operations 
 
Revenue                                                                                           -                       - 
 
Operating expenses                                                                                (78,206)                (65,878) 
Other loss - sale of financial assets at fair value through profit and loss account               (62,462)                (17,831) 
 
Foreign exchange loss on available-for-sale financial assets                                      (30,108)                - 
Movement in fair value of financial assets through profit 
                                                                                                  (197,063)               202,614 
and loss 
 
OPERATING (LOSS)/PROFIT                                                                           (367,839)               118,905 
 
Finance income                                                                                    28                      - 
 
(LOSS)/PROFIT BEFORE INCOME TAX                                                                   (367,811)               118,905 
 
Income tax                                                                                        -                       - 
 
 
(LOSS)/PROFIT AFTER INCOME TAX                                                                    (367,811)               118,905 
                                                                                                         ?????????? 
                                                                                                                          ?????????? 
 
 
 
 
 
 
Other Comprehensive Income 
 
Items that may be reclassified subsequently to profit or loss                                     -                       - 
 
 
Fair value change in value on available-for-sale financial assets                                 -                       - 
 
 
 

Total Comprehensive (loss)/income for the year (367,811) 118,905

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HOT ROCKS INVESTMENTS PLC 
STATEMENT OF CHANGES IN EQUITY 
FOR THE YEARED  31 MARCH 2023 
 
                        Issued capital    Share premium       Other reserves    Retained earnings    Total equity 
                        GBP                 GBP                   GBP                 GBP                    GBP 
Balance at 1 April 2023 173,602           1,174,631           115,600           (621,650)            842,183 
Loss for the year       -                 -                   -                 (367,811)            (367,811) 
 
                                  173,602        1,174,631              115,600         (989,460)             474,373 
 
                        ??????????        ?????????????       ??????????        ??????????           ?????????? 
 
                        Issued capital       Share premium     Other reserves    Retained earnings Total equity 
                        GBP                    GBP                 GBP                 GBP                 GBP 
Balance at 1 April 2022 173,602              1,174,631         115,600           (740,555)         723,278 
Profit for the year     -                    -                 -                 118,905           118,905 
 
                                 173,602            1,174,631            115,600 (621,650)                   842,183 
 
                        ??????????           ?????????????     ??????????        ??????????        ?????????? 
 
 
 
 
 
 
HOT ROCKS INVESTMENTS PLC 
STATEMENT OF FINANCIAL POSITION 
AS AT  31 MARCH 2023 
                                                                                     2023          2022 
                                                                                     GBP             GBP 
ASSETS 
 
              NON-CURRENT ASSETS 
 
                Financial assets designated as fair value through profit or loss     385,171       389,529 
 
              CURRENT ASSETS 
 
                Financial assets designated as fair value through profit or loss     344,393       621,941 
                Trade and other receivables                                          606           40,306 
                Cash and cash equivalents                                            21,928        36,008 
 
                                                                                     366,928       698,255 
 
              TOTAL ASSETS                                                           752,098       1,087,784 
                                                                                     ??????????    ?????????? 
 
EQUITY 
 
              ISSUED CAPITAL AND RESERVES 
 
                Issued share capital                                                 173,602       173,602 
                Share premium                                                        1,174,631     1,174,631 
                Reserves                                                             115,600       115,600 
                Retained loss                                                        (989,460)     (621,650) 
 
                TOTAL EQUITY                                                         474,373       842,183 
 
CURRENT LIABILITIES 
 
              Trade and other payables                                               277,225       245,601 
 
 
TOTAL EQUITY AND LIABILITIES                                                         752,098       1,087,784 
                                                                                     ??????????    ?????????? 
 
HOT ROCKS INVESTMENTS PLC 
STATEMENT OF CASH FLOWS 
FOR THE YEARED  31 MARCH 2023 
                                                                                   2023       2022 
                                                                                   GBP          GBP 
CASH FLOWS FROM OPERATING ACTIVITIES 
 
                Total operating loss /(profit)                                     (367,810)  118,905 
 
              ADJUSTMENTS TO RECONCILE TO PROFIT FROM OPERATIONS 
 
                Finance income                                                     28         - 
 
              ADJUSTMENTS TO RECONCILE PROFIT FROM OPERATIONS                      (367,782)  118,905 
 
              INCREASE IN WORKING CAPITAL 
 
                Loss on disposal of financial assets held through 
                                                                                   62,462     17,831 
                profit and loss 
                Foreign exchange loss                                              30,108     - 
                Movement in fair value of financial assets through profit and loss 197,063    (202,614) 
                Decrease/(increase) in trade and other receivables                 39,601     (14,714) 
                Increase in trade and other payables                               32,065     34,436 
 
              INCREASE/(DECREASE) IN WORKING CAPITAL                               361,298    (165,061) 
 
              CASH FLOWS FROM OPERATING ACTIVITIES                                 (6,484)    (46,156) 
 
CASH FLOWS FROM INVESTING ACTIVITIES 
 
                Interest paid                                                      130        - 
                Purchases of financial assets through profit and loss              (70,025)   (208,361) 
                Proceeds from disposal of financial assets through profit and loss 62,300     180,979 
 
              NET CASH FLOWS FROM INVESTING ACTIVITIES                             (7,596)    (27,382) 
 
              NET CASH FLOWS FROM INVESTING ACTIVITIES                             (14,080)   (73,538) 
 
 
                Cash and cash equivalents as at 1 April                            36,008     109,546 
 
 
CASH AND CASH EQUIVALENTS AS AT 31 MARCH 2023                                      21,928     36,008 
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ISIN:           GB00B1WV3198 
Category Code:  FR 
TIDM:           HRIP 
LEI Code:       213800JNSRPMZVREEO51 
OAM Categories: 1.1. Annual financial and audit reports 
Sequence No.:   275006 
EQS News ID:    1738365 
 
End of Announcement  EQS News Service 
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