I see in the MPEx examples of reports the profit/loss statement, but they seem to be missing the balance sheet (List of total assets and liabilities).
Yes, having a B/S and ensuring you are using accrual accounting is paramount. Ideally also a cashflow which I will, hopefully, be including in the next quarterly statements for TU.SILVER and any future projects. The C/F allows a double-test of the net income as cash cannot be faked or changed, either you have it or you don't.