(Also, for this to work, 1kg of helium would occupy a balloon much larger than 10cm^3).
Bouyancy “is equivalent to the weight of the fluid that would otherwise occupy the submerged volume of the object, i.e. the displaced fluid.”
So compressing your lifting gas reduces the amount of air being displaced by its presence, reducing the buoyancy.
To take an actual real example:
Air has a weight of 1.222 kilograms/m^3 (dry, clean, standard pressure) Helium has a weight of about 0.167 kg/m^3.
That means that 1m^3 of helium lifts about 1kg. If you now compress that helium by a factor of 10, then 1m^3 of compressed helium would weigh 1.67kg - more than the sourrounding air and provide negative lift.
edit: get your unit and orders of magnitude right. :sigh: