| Schedule of reconciliation of tax (credit)/expense |
| | | | | | | Reconciliation of tax (credit)/expense | | Year ended | | Year ended | | Year ended | | | 30 June 2026 | | 30 June 2025 | | 30 June 2024 | | | US$’000 | | US$’000 | | US$’000 | Losses from operations | | (10,043) | | (2,711) | | (1,376) | | | | | | | | Tax using the Company’s effective domestic tax rate of 19% (2025: 19%, 2024: 19%) | | (1,908) | | (515) | | (261) | Effects of: | | | | | | | Overseas tax rates differing from UK rate | | (34) | | — | | — | Tax effect of disallowable expenditure | | 398 | | 162 | | 126 | Current losses with no recognisable deferred tax asset | | 1,544 | | 353 | | 135 | Tax charge | | — | | — | | — |
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