Interim Results

RNS Number:0233S
Dimension Resources Ld
30 September 2005


                          Dimension Resources Limited

                                 Interim Report

                          6 months ended 30 June 2005


Chairman's Statement

Six Months Ended 30 June 2005


In my statement on the 2004 accounts I reported that the Group's activities,
which comprised the quarrying and processing of dimension stone, had ceased in
December 2004. I told shareholders that arrangements had been made for the
Group's South African assets to be realised, the local creditors to be paid and
the balance to be remitted back to the United Kingdom. Following these
realisations, the directors had been advised that the Company will receive
approximately #400,000.

This remains the position today. Unfortunately the administrator who the
Directors appointed is still some way from completing his work, although the
offices in Somerset West have been sold. Arrangements have also been made for a
contractor to operate the granite quarries and the contractors have recommenced
operations.

Arrangements have been made to auction the bulk of the assets, and in particular
the freehold factory situated in Vredendal, during the month of October, unless
a satisfactory offer is received prior to then. An announcement will be made at
the appropriate time.

As for the year ended 31 December 2004, the financial statements have been drawn
up for the Company only, and the interests in subsidiary companies are shown at
a value of #400,000. Figures for the six months ended 30 June 2004, were drawn
up on a consolidated basis and are appended below. The loss for the period
results from the costs required to maintain the AIM listing. Neither I nor
Geoffrey Hoodless draws either fees or expenses.

The Directors are examining new projects to be injected into the Company, but it
remains difficult to conclude any arrangements until the cash value of the South
African assets can be ascertained. Once again, shareholders will be informed of
progress as soon as possible.


Brian Moritz
(Chairman)

30 September 2005


Summarised Income Statement
30 June 2005

                          30 June 2005      Year ended
                          (Unaudited)      31 Dec 2004
                              GBP              GBP

Administrative expenses       (24,813)         (41,129)

Operating Loss                (24,813)         (41,129)

Interest received                   28            1,390
Interest payable

Net loss for the period       (24,785)         (39,739)

Loss per share                (0.013p)         (0.020p)



Balance sheet at 30 June 2005
                                                     30 June 2004              31 December 2004
                                                      (Unaudited)                  (Audited)
                                                          GBP                        GBP30

Non-current assets                                             400,000                     400,000

Investments                                                    400,000                     400,000

Current assets                                                   9,598                      15,763

Debtors                                                          6,291                       8,304
Cash at bank and in hand                                         3,307                       7,459

Total assets                                                   409,598                     415,763

EQUITY AND LIABILITIES

Shareholders' funds

Called up share capital                                      6,799,000                   6,799,000
Share premium                                               11,932,457                  11,932,457
Profit and loss account                                   (18,394,216)                (18,369,431)

                                                               337,241                     362,026

Current Liabilities                                             72,357                      53,737

Trade and other payables                                        72,357                      53,737

Total equity and liabilities                                   409,598                     415,763



Cash flow statement for the six months ended 30 June 2005

                                   30 June 2005          Year ended
                                    (Unaudited)          31 Dec 2004
                                        GBP                  GBP
CASH FLOWS FROM OPERATING
ACTIVITIES                                (4,152)             (19,508)

Cash absorbed by operations               (4,180)             (20,898)
Interest received                              28                1,390


CASH FLOWS FROM INVESTING
ACTIVITIES                                                   (151,721)

Loans to subsidiary companies                                (151,721)


NET INCREASE (DECREASE) IN CASH           (4,152)            (171,229)
AND CASH EQUIVALENTS

Cash and cash equivalents at the            7,459              178,688
beginning of the year

Cash and cash equivalents at the            3,307                7,459
end of year



Notes
          
1.   The financial statements, which are unaudited, have been drawn up using 
     accounting policies applicable to the year ended 31 December
     2004. They do not constitute statutory accounts.

2.   No dividend is payable for the period.

3.   The loss per share is based on losses of #24,785  (2004 - #39,739) and on 
     197,042,498 ordinary shares in issue.



Reported results for the six months ended 30 June 2004.

Summarised Income Statement
30 June 2004


                  30 June 2004      30 June 2003
                   (Unaudited)      (Unaudited)
                       GBP              GBP

Turnover                  88,401         102,146

Cost of Sales            131,205          59,756

Gross (loss) /          (42,804)          42,390
Profit

Administrative          (80,566)       (154,758)
expenses

Operating Loss         (123,370)       (112,368)

Interest                   1,122             907
received
Interest payable           (938)         (1,013)

Net loss for the       (123,186)       (112,474)
period

Loss per share             -0.06           -0.11

Total number of      197,042,498     104,042,498
shares in issue



Sumarised Balance Sheet
30 June 2004
                                                        30 June 2004              30 June 2003
                                                         (Unaudited)               (Unaudited)
                                                             GBP                       GBP

Non-current assets                                            15,700,501                15,676,400

Tangible assets                                                1,365,347                 1,338,879
Stone deposits                                                14,306,101                14,306,101
Pre-production costs                                              29,053                    31,420

Current assets                                                   218,282                   276,791

Stocks                                                           119,574                   237,341
Debtors                                                           65,886                    58,104
Cash at bank and in hand                                          32,822                  (18,654)

Current liabilities

Creditors and Accruals                                          (87,712)                  (79,663)

Net current assets                                               130,570                   197,128

                                                              15,831,071                15,873,528

Capital and reserves

Called up share capital                                        6,799,000                 6,706,000
Share premium                                                 11,932,457                11,577,857
Profit and loss                                                (917,771)               (2,580,415)
Shareholders' funds                                           17,813,686                15,703,442

Foreign currency translation reserve                         (2,057,853)                     9,863

Creditors - amounts falling due after more than                   75,238                   160,223
1 year
                                                              15,831,071                15,873,528




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