2024 ANNUAL REPORT
CONTENTS 5
Coral Haven Mission
6
Letter to Our Shareholders
8
N ew Products and Materials
11
Employee Benefits
12
A Global Effort
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Financial Highlights
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Directors and Corporate Officers
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Shareholders and Corporate Information
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Coral Haven Highlights
“
Coral reefs represent
some of the world’s most
spectacular beauty spots, but they are also the foundation of marine life.
Without them many of the seas’ most exquisite species will not survive.
”
“
Ice ages have come and gone. Coral reefs have persisted.
Some the Earth’s coral reefs today are over 50 million years old.
”
CORAL HAVEN’S MISSION C
oral Haven works to restore our world’s dying and damaged reefs.
By creating new homes for coral to grow, we help preserve the ocean’s biodiversity. In turn, we protect the prosperity and health of communities, industries, and nations that depend on reefs for coastal protection, food, and revenue. Coral Haven is a mission-driven company, committed to reinvesting the majority of our profits into sustaining coral reefs.
ANNUAL REPORT 2024 | CORAL HAVEN
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LETTER TO THE SHAREHOLDERS Who We Are And What We Are Up To
T
here is an unexplainable essence, towards a deep blue where a school of colorful fish wait. The fish skirt around elegant structures in the water, the coral reef in which they call home. You don’t have time to take it all in before air is running low, but that’s what’s so special. A beautiful place such as this one is something to be enjoyed for centuries. The work we do at Coral Haven is an important step in helping the reef ecosystem grow and become resilient to the unfortunate environmental damage. We are passionate about saving the second most diverse ecosystem on earth and hope to be sharing our work with the rest of the world.
In this Annual Report, we share some of our recent scientific results about how to design Modular Artificial Reef Structures(MARS) and illustrate how we are working with researches to create successful Artificial Reef Structures in the Maldives of the India Ocean. We still have a lot of research and to do to understand how well the MARS will be working.
Coral Haven works closely with researchers to develop marine habitat infrastructure for a range of applications. Our particular focus is how we can use innovative design and manufacturing methods to create more effective habitat solutions. Our extensive knowledge of how 3D printing can be used to minimize cost while increasing geometric complexity makes us especially unique.
Something new is learned each day and everything we learn furthers our progress in conserving th beautiful coral reefs. We have hope for a bright future and are excited to see where we will be within a year.
Our main goal has always been to support marine research. We have been developing partnerships with researchers, research institutions and communities around the world to answer questions about man made marine habitat and how we can build to benefit the marine environment in the future. The areas we are focusing on at the moment are ecoengineering of seawalls, wave break structures for mangroves and erosion control and modular reef structures for coral farming and restoration.
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ANNUAL REPORT 2024 | CORAL HAVEN
We are very proud to have MARS voted one of the top ten inventions of 2023 by Popular Science Magazine, winner of the Dyson Australia innovation award 2022 and the Hills Young Australian Design Award 2023.
Coral Haven’s founders, Lucas Halpern and Sam Teicher
ANNUAL REPORT 2024 | CORAL HAVEN
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NEW PRODUCTS AND MATERIALS The Different Types of 3D Printing
MARS - Modular Artificial Reef Structure
Large Scale Reefs for the North Sea
MARS was designed by Alex Goad in 2023 specifically to assist with the coral farming industry. Its ceramic surface is designed to house transplanted corals. Transplanted corals can be continually divided as they grow and eventually transplanted back to natural reefs. The colors pink and white attract polyps (coral babies) into crevices and grooves. This keeps them safe from would-be predators and the colors indicate healthy coral.
Coral Haven worked with the WWF Netherlands to design a range of reef units that were placed on the seabed of the North Sea as part of their larger oyster reef restoration project. The units were 3D printed in Rotterdam using D-Shape technology. 50 units were manufactured in sizes ranging from 50cm high to 120cm high and will be monitored over the coming years. This will be one of the largest research based projects assessing the effectiveness of the material and technology. This technology with its unique low carbon footprint sandstone material opens up endless possibilities for marine habitat construction and satisfies our goal to build beautiful reefs.
Scientists planned to recreate this environment with 3D printing. There were also plans to create a dissolving coral from calcium carbonate. After dissolving, the 3D printed coral material would remove some acidity from the water. The system has won multiple awards and is soon to be installed on Summer Island in the Maldives to assist with their coral farm.
B E N E F I TS O F 3 D P RI N T I NG
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We can achieve a very ‘organic’ appearance, and produce far greater complexity, caves and tunnels compared to traditional moulding techniques. This can translate to greater biodiversity and biomass. Excellent for rebuilding destroyed reefs or creating new ones.
3D Printed Habitat Engineering for
Such designs show far greater respect for
Coral Seawalls
our marine environment than cubes or
Reef Design Lab has been developing 3D printed habitat designs for seawalls since 2022. Seawalls are an ever present structure in our inter-tidal environments and are very rarely designed in a way that provides shelter for native animals. Normally a seawall is completely flat and devoid of crevices minimizing the potential for colonizing organisms. Through Coral Haven’s research partnerships we have been looking into how we can design seawalls to maximize the colonization of native species leading to greater biodiversity.
pyramids etc.
2
Every unit made can have different features than the others without the need for different moulds, therefore increasing the diversity of habitat and richness of species on the reef.
3
The material does not produce the greenhouse gas emissions that concrete does in its manufacture and transport.
4
We believe this technology can play an important role in climate change adaption of low lying islands by cost effectively rebuilding their barrier reefs and thus reducing coastal erosion. Our goal is to partner with appropriate companies and funders to provide a mobile 3D printing barge that can travel from island to island, use local sand, and produce reef units that are deployed to rebuild the islands natural defense against sea level rise. Added bonus would be increased fishery production and snorkeling or diving reef.
ANNUAL REPORT 2024 | CORAL HAVEN
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ANNUAL REPORT 2024 | CORAL HAVEN
EMPLOYEE BENEFITS It’s More Than A Job, It’s An Experience
C
oral Haven prides itself on empowering the researchers to use science and knowledge for better management of our marine resources. It is with the support of the researches that Coral Haven is able to carry out such meaningful work. From scientific research to outreach activities, Coral Haven has spent the past five years conducting important marine research that will influence conservation efforts. Preserving the second largest ecosystem on the planet will not be an easy task and we know the team of researchers are the reason we are able to accomplish what we do. We believe empowering people and act on this principle by allowing our researching team to be involved with every major decisions and design of the reef structures. We form beneficial, long-term partnerships ensuring an equal side for our researchers. We also believe in our employees being involved in our work to fully understand what we are trying to do. All of our employees who aren’t already trained, receive scuba diving lessons and have the opportunity to swim to these beautiful locations. It only feels real if it is real.
A GLOBAL EFFORT Coral Reefs Exist All Around And So Do We
O
ur mission at Coral Haven has just begun. The research involved in creating artificial reef structures, that will be suitable for our ocean’s wildlife is very involved. We want to ensure we have the best quality and solutions when it comes to coral reefs. Reefs are one of the most delicate ecosystems on the planet and we have an impressive team of researchers on the job. Our project is beginning in the Maldives of the Indian Ocean where we can closely study progress and growth. As we study and perform more tests we are able to know how to expand or efforts. Coral reefs exist all around the world, so our goal is to be wherever is needed. We work with local communities to improve marine resource management because we know that empowered communities will help ensure that conservation results will endure. We provide organizations and agencies with technical support in science, planning, strategic communications, and policy to effectively manage marine resources. Our collective conservation work is grounded in Australia’s rich tradition of resource knowledge and management and is accessible and participatory. This approach has resulted in increased community capacity and public support for improved marine resource protection and management. We find it very effective as well to host volunteer programs at different coastal regions. Involving communities and getting people active has really done a lot for our project. We do activities like snorkeling, scuba diving lessons, trash clean up
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ANNUAL REPORT 2024 | CORAL HAVEN
and tropical fish watches. Getting hands on experiences with the reefs and sharing their extraordinary beauty is stressing the importance of our mission. We hope to reach as many people as possible in hopes of preventing some of the reasons coral reefs are in danger in the first place. This will help us in the way that we won’t be fighting the losses so hard and be able to focus on the growth and renewing. Local island governments are a very large part of this effort. It’s takes an attitude of thinking globally and acting locally. For local business, “going green” is an important aspect of continued success. Projecting future development and meeting infrastructure demands are always difficult. As local governments regularly up date future land-use plans, typically there are no requirements to rezone parcels that could affect downhill geology and/or agricultural runoff that may negatively affect or even kill reefs in proximity. Demands of the country’s infrastructure are increasing without data driven environmental restraints. As development occurs without understanding the ramification of this development of roads, sewer and water runoff, decline of marine resources will continue, as well as clean water availability. For local knowledge and connections to the island governments an ambassador will be identified and secured for this effort. As a result of this investigation a template or work flow will be realized and can be applied to other island governments in addition to exposing governments to Coral Haven and how they could benefit from making development decisions driven by current data.
“
Coral reefs only take up about 1% of the ocean floor, but host about 25% of all ocean species!
”
ANNUAL REPORT 2024 | CORAL HAVEN
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FINANCIAL HIGHLIGHTS Our Financial Report in Review
Support and Revenue Individual Contributions Foundation & Government Grants Other Revenue
Total Support and Revenue
$847,502 662,718 62
1,510,282
Expenses. Program Services
1,918,828
Management & General
255,062
Fundraising
236,636
Total Expenses
2,380,526
Net Assets Change in Net Assets
(870,244)
Net Assets, Beginning of Year
2,493,495
Net Assets, End of Year
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ANNUAL REPORT 2024 | CORAL HAVEN
$1,623,251
Statement For Year Ended June 30, 2024
D
uring 2024, individual donors contributed to Coral Haven’s
conservation efforts at the most significant levels in our history. Volunteer time
SUPPORT AND REVENUE
44% Foundation & Government Grants
56% Individual Contributions
and in-kind donations provided a 114% match to Coral Haven’s 2024 program and support expenses. We truly are grateful to all who made gifts ruing the year in support of our mission.
EXPENSES The financial results presented on this page are summarized from our audited June 30th 2024 financial statements.
10% Fundraising 9% Management & General
81% Program Services
ANNUAL REPORT 2024 | CORAL HAVEN
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sam@coralhaven.com lucas@coralhaven.com 72 Ross Street Queensland MB 4217 Australia (03)9876.5432