Net Asset Value(s) and Portfolio Update

    Net Asset Value(s) and Portfolio Update 

Thames Ventures 1 VCT PLCLEI: 213800R88MRC4Y3OIW86Net Asset Values and portfolio update31 October 2022

Downing ONE VCT plc announces that its unaudited Net Asset Value as at 31 August 2022 was 58.9p per share.

The unaudited investment portfolio and net assets as at 31 August 2022 are summarised as follows:

18 largest investments (by value)		Valuation£’000	% of net assets by value
1	Tracsis plc*	7,552	7.1%
2	Doneloans Limited	4,266	4.0%
3	Baron House Developments LLP	4,184	3.9%
4	Downing Strategic Micro-Cap Investment Trust plc**	3,656	3.4%
5	Cornelis Networks Inc	3,495	3.3%
6	Anpario plc*	3,464	3.2%
7	Carbice Corporation	3,208	3.0%
8	Trinny London Limited	2,778	2.6%
9	Ayar Labs, Inc	2,681	2.5%
10	Maestro Media Limited	2,417	2.3%
11	Virtual Class Limited	2,397	2.3%
12	StorageOS Inc	2,302	2.2%
13	Cadbury House Holdings Limited	2,162	2.0%
14	Rated People Limited	1,895	1.8%
15	Glisser Limited	1,887	1.8%
16	Hackajob Limited	1,787	1.7%
17	Data Centre Response Limited	1,787	1.7%
18	Imagen Limited	1,763	1.7%
		53,681	50.5%
Other investments (69 companies)		29,636	27.9%
Total investments		83,317	78.4%
Cash at bank and in hand		20,052	18.8%
Other net current assets		2,984	2.8%
Net Assets		106,353	100.0%
* Quoted on AIM
** Listed and traded on the Main Market of the London Stock Exchange
All other investments unquoted.

The unaudited balance sheet as at 31 August 2022 is summarised as follows:

	£’000
Fixed Assets
Investments	83,317
Current Assets
Debtors	3,758
Bank	20,052
	23,810
Current Liabilities
Creditors	(774)
Net Current Assets	23,036
Net Assets	106,353
Represented by:
Ordinary shares 1p each	1,804
Unalloted share capital	14
Capital reserve –unrealised	8,221
Share premium account	81,288
Special reserve	16,190
Capital redemption reserve	1,705
Revenue reserve	(2,869)
	106,353