MINA (HOLDINGS) LIMITED

• ◆

  Material uncertainty over going concern

  At the date of the issuance of these financial statements, the Company estimates that it has approximately 11 months of cash on hand and expected to be received shortly, and therefore it does not have sufficient to fund its operations for the next 12 months to 30 June 2027. While the Company anticipates the achievement of certain milestone payments relating to its ongoing collaborations, these cannot be certain.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Going-concern uncertainty disclosed

• ·

  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“At the date of the issuance of these financial statements, the Company estimates that it has approximately 11 months of cash on hand and expected to be received shortly, and therefore it does not have sufficient to fund its operations for the next 12 months to 30 June 2027. While the Company anticipates the achievement of certain milestone payments relating to its ongoing collaborations, these cannot be certain.”

Group structure

1. MINA (HOLDINGS) LIMITED · parent
   1. MINA Therapeutics Limited 100% · England · Development of new treatments for medical conditions
   2. MINA Alpha Limited 100% · England · Development of new treatments for medical conditions
   3. MINA Beta Limited 100% · England · Development of new treatments for medical conditions
   4. MINA Therapeutics Denmark ApS 100% · Denmark · Development of new treatments for medical conditions

Significant events

• “The Company repaid and borrowed short-term bridge funding under certain credit advance agreements with Bootstrap Europe S.À.R.L and KF Business Ventures, LP. In addition the Company issued $2,100,000 in convertible loan notes.”
• “On 8 January 2026 the Group repaid £1,060,081 to Bootstrap Europe 3.0 S.À.R.L and KF Business Ventures, LP to satisfy the first and second credit advance agreements.”
• “On 25 February 2026 the Group borrowed a further £270,000 pursuant to the third credit advance agreement with Bootstrap Europe 3.0 S.À.R.L and KF Business Ventures, LP.”
• “On 24 March 2026 the Group borrowed £140,000 pursuant to a fourth credit advance agreement with KF Business Ventures, LP which was repaid with fees on 9 April 2026.”
• “On 30 March 2026 the Company issued $2,100,000 in convertible loan notes to Libreville Africa Holdings Limited, an investment vehicle affiliated with the Fund For Export Development In Africa.”
• “On 27 March 2026 Group was awarded by HMRG an R&D tax credit including accrued interest of £1,045,525.”

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

Filings

10

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.