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Related Parties (Tables)
 12 Months Ended
Jun. 30, 2025
Notes and other explanatory information [abstract]  
Schedule of Loans with Related Parties

The current loans are payable on demand and the non-current loans have a maturity date which is more than 12 months from the date of 30 June 2025.

 

 

   Current   Non-current   Total principal 
   Balance 
   as of 30 June 2025 
   Current   Non-current   Total principal 
   AUD$   AUD$   AUD$ 
Related party loans payable               
Energreen Nutrition Australia Pty Ltd. Loan   5,728,571    588,688    6,317,259 
CQ Oilseeds Pty Ltd. loan   -    59,371    59,371 
Sunmania Pty Ltd loan   152,000    40,000    192,000 
Total related party loans payable   5,880,571    688,059    6,568,630 
                
Energreen Nutrition- Related party loan receivable (Note 5)   633,733    -    633,733 
                
Trade payable (related party) (Note-10)            
Energreen Nutrition Australia Pty Ltd.   5,563,563    -    5,563,563 
Soon Soon Oilmills   153,105    -    153,105 
Sunmania Pty Ltd   38,500    -    38,500 
Total trade payable due to related parties (Note-10)   5,755,168    -    5,755,168 
                
Trade receivable (related party) (Note-5)                        
Energreen Nutrition    30,040    -    30,040 
Sunmania Pty Ltd   14,346    -    14,346 
Total trade receivable due from related parties (Note-5)   44,386    -    44,386 

 

 

The current loans are payable on demand and the non-current loans have a maturity date which is more than 12 months from the date of 30 June 2024.

 

   Current   Non-current   Total 
   Balance 
   as of 30 June 2024 
   Current   Non-current   Total 
   AUD$   AUD$   AUD$ 
Related party loans payable               
Energreen Nutrition Australia Pty Ltd. Loan   3,863,250    -    3,863,250 
JSKS Enterprises Pty Ltd. Loan   100,925   4,431,136   4,532,061 
CQ Oilseeds Pty Ltd. loan        59,371    59,371 
Sunmania Pty Ltd loan   152,000    40,000    192,000 
Less: Origin Food loan receivable   (4,514)   -    (4,514)
Total related party loans payable   4,111,661    4,530,507    8,642,168 
                
Energreen Nutrition Australia Pty Ltd. accounts payable (Note-10)   589,166    -    589,166 

 

   Current   Non-current   Total 
   Balance 
   as of 30 June 2023 
   Current   Non-current   Total 
   AUD$   AUD$   AUD$ 
Due to related parties               
Energreen Nutrition Australia Pty Ltd. Loan    1,948,630    -    1,948,630 
Good Earth Oils Pty Ltd. Loan   200,000    -    200,000 
JSKS Enterprises Pty Ltd. Loan   980,005   2,853,929   3,833,934 
CQ Oilseeds Pty Ltd. loan   59,371    -    59,371 
Sunmania Pty Ltd loan   -    20,000    20,000 
Total due to related parties   3,188,006    2,873,929    6,061,935 
                
Trade payable (related party) (Note-10)                        
Good Earth Oils Pty Ltd. Accounts payable   525,000    -    525,000 
Energreen Nutrition Australia Pty Ltd. accounts payable   4,411,423    -    4,411,423 
Total trade payable due to related parties (Note-10)   4,936,423    -    4,936,423 
                
Due from related parties               
Good Earth Oils Pty Ltd. accounts receivable (Note-5)   1,226,945    -    1,226,945 

 

During the year ended June 30, 2025 the related party loan amounting to AUD 4,998,512 owed to JSKS Enterprises Pty Ltd., which is the trustee of Gary Seaton Family Trust, was converted into equity shares.

 

For the years ended June 30, 2024 and 2023 a related party loan is owed to JSKS Enterprises Pty Ltd., which is the trustee of Gary Seaton Family Trust, and interest rate charge is 6% per annum. to be repaid within 12 months after the year end, and the remaining principal shall be repaid more than 12 months after the year end.

 

For the years ended June 30, 2025, 2024, and 2023 a related party loan is owed to Energreen Nutrition Australia Pty Ltd., which is controlled by Gary Seaton, and interest rate charge is 6% per annum and expected to be repaid in full within 12 months after the year end.

 

For the years ended June 30, 2025, 2024, and 2023 the remaining related party loan relates to an interest free loan owed to CQ Oilseeds Pty Ltd.

 

(d) Promissory Notes

 

   Current   Non-current   Total principal 
   American Physicians LLC 
   Promissory notes 
   Current   Non-current   Total principal 
   AUD$   AUD$   AUD$ 
Balance as on 30th June 20251   1,538,322         1,538,322 
Balance as on 30th June 20242   968,216    273,676    1,241,892 
Balance as on 30th June 2023   -    -    - 

 

(1) Includes $74,892 of accrued interest.
(2) Includes $24,964 of accrued interest.