("Lombard" or the "Company")
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED
CHAIRMAN'S STATEMENT
Dear shareholder
Your current board of directors continues to focus on investment opportunities and the issuance of asset backed investment bonds. Our bonds are listed on
My report for the 6 months unaudited figures to 30th
During the period
I look forward to the future with enthusiasm and thank all my colleagues and our professionals for their support and advice.
I also thank you all as shareholders for your continuing support.
Chairman
The directors of
For further information please contact:
Tel: 07718 883813
NEX Exchange Corporate Adviser:
Nick Michaels: 020 3772 0021
Condensed Statement of Comprehensive Income
Six months ended 30 September 2019
6 Months ended Year 6 Months ended ended 30/09/2019 31/03/2019 30/09/2018 Unaudited Audited Unaudited £ £ £ Continuing operations Investment income - - - Operating expenses (427,212) (292,337) (74,697) Finance charges - (29,469) - Impairment of - - - investments Operating loss and loss (427,212) (321,806) (74,697) before taxation Taxation - - - Loss for the period, (427,212) (321,806) (74,697) attributable to the owners Impairment of investments - - - - reclassification to income statement Market value adjustment - 18,750 - to investments Total comprehensive (427,212) (303,056) (74,697) loss for the period Loss per share, basic (10.1) (9.3) (1.8) and fully diluted (in pence)
Condensed Statement of Financial Position
As at 30 September 2019
30/09/2019 31/03/2019 30/09/2018 Unaudited Audited Unaudited £ £ £ Non-current assets Available for sale investments 131,250 131,250 112,500 Financial assets at amortised cost 653,350 700,700 - 784,600 831,950 112,500 Current assets Trade and other receivables 182,344 41,296 176,216 Cash and cash equivalents 51,494 12,059 4,130 233,838 53,355 180,346 Total assets 1,018,438 885,305 292,846 Equity Ordinary shares 4,219 4,219 4,219 Deferred shares 189,897 189,897 189,897 Share premium 954,574 954,574 954,574 Share option reserve 80,300 80,300 80,300 Investment revaluation reserve 118,934 118,934 100,184 Retained earnings (2,312,487) (1,885,275) (1,638,166) (964,563) (537,351) (308,992) Current liabilities Trade and other payables 764,000 672,656 601,838 Loans and other borrowings 1,219,000 750,000 - Total equity and liabilities 1,018,438 885,305 292,846
Notes to the financial statements
Six months ended 30 September 2019
1. Basis of preparation
The financial statements for the six months ended
The financial information for the six months ended
2. Earnings per share
The basic and diluted earnings per share is calculated by dividing the loss attributable to the owners of the company by the weighted average number of ordinary shares in issue during the period.
The weighted average number of shares in issue at
3. Investments 30/09/2019 31/03/2019 30/09/2018 Unaudited Audited Unaudited £ £ £ Investments at cost less impairment 131,250 131,250 112,500 Impairments: Recognised in the year - - - Market value adjustment - - - Market value at period end 131,250 131,250 112,500
