Half Yearly Report -3-

+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| CURRENT        |         |        |         |        |          |        |           |        |             |        |          | 
| LIABILITIES    |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Trade          |         |        |         |        |          |        |     (190) |        |       (775) |        |    (196) | 
| and            |         |        |         |        |          |        |           |        |             |        |          | 
| other          |         |        |         |        |          |        |           |        |             |        |          | 
| payables       |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| NET CURRENT              |        |         |        |          |        |         7 |        |         817 |        |       53 | 
| ASSETS/(LIABILITIES)     |        |         |        |          |        |           |        |             |        |          | 
+--------------------------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| NET            |         |        |         |        |          |        |    11,083 |        |       9,289 |        |   11,588 | 
| ASSETS         |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| EQUITY:        |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Share          |         |        |         |        |          |        |    10,939 |        |       9,908 |        |   10,313 | 
| capital        |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Reserves       |         |        |         |        |          |        |       144 |        |       (619) |        |    1,275 | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| TOTAL          |         |        |         |        |          |        |    11,083 |        |       9,289 |        |   11,588 | 
| EQUITY         |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Condensed Consolidated Statement            |        |          |        |           |        |             |        |          | 
| of Changes in Equity                        |        |          |        |           |        |             |        |          | 
+---------------------------------------------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |  Share   |        |           |        |             |        |          | 
|                |         |        |         |        |  based   |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |  Share  |        |  Share  |        | Payment  |        | Retained  |        |Translation  |        |  Total   | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |Capital  |        |Premium  |        |Reserves  |        |  Losses   |        |  Reserve    |        |  Equity  | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |GBP'000  |        |GBP'000  |        | GBP'000  |        |  GBP'000  |        |  GBP'000    |        | GBP'000  | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| As at          |    407  |        |  7,768  |        |     356  |        |     (851) |        |         -   |        |   7,680  | 
| 1 May          |         |        |         |        |          |        |           |        |             |        |          | 
| 2008           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Shares         |    174  |        |  1,566  |        |      -   |        |       -   |        |         -   |        |   1,740  | 
| issued         |         |        |         |        |          |        |           |        |             |        |          | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| cash           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Share          |     -   |        |     (7) |        |      -   |        |       -   |        |         -   |        |      (7) | 
| issue          |         |        |         |        |          |        |           |        |             |        |          | 
| expenses       |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Loss           |     -   |        |     -   |        |      -   |        |     (124) |        |         -   |        |    (124) | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| the            |         |        |         |        |          |        |           |        |             |        |          | 
| period         |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| As at          |    581  |        |  9,327  |        |     356  |        |     (975) |        |         -   |        |   9,289  | 
| 31             |         |        |         |        |          |        |           |        |             |        |          | 
| October        |         |        |         |        |          |        |           |        |             |        |          | 
| 2008           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+