(“Ananda” or the “Company”)
The Directors of Ananda are pleased to present the audited financial statements of
Business Review, Development and Performance
The Company was admitted to trading on the NEX Exchange Growth Market on
Since the Company was listed in 2018, the Directors have pursued their primary objective of creating long term value for Shareholders through the acquisition of strategic stakes in companies in the medicinal cannabis and wellness CBD sectors which the Directors believe have potential for substantial growth. The current investments are:
• a shareholding of 0.90% in iCAN
• 15% interest in
• 50% (via 100% owned Tiamat Agriculture and 50% owned
The Company is very much in its early stages with its investments not yet generating any revenue. The Company has had no revenue for the year, apart from £9,056 of interest, and incurred a loss of £374,460.
Statement of Comprehensive Income
19 Jan 2018 to 31 Jan 2019 31 Jan 2020 £ £ Administrative expenses (375,224) (368,299) Interest receivable 9,056 4,061 Loss from operations (366,168) (364,238) Taxation - - Other Comprehensive Income Foreign Exchange Translation Loss (8,292) - Total comprehensive loss for the year (374,460) (364,238)
Earnings per share Basic and diluted earnings per share (pence) (0.10p) (0.11p)
There was no other comprehensive income in the period.
Statement of Financial Position
19 Jan 2018 to 31 Jan 2019 31 Jan 2020 £ £ Non-Current assets Investments 1,287,762 460,000 1,287,762 460,000 Current assets Loan Notes 75,878 159,185 Trade and other receivables 22,574 18,191 Cash at bank and in hand 33,925 141,254 Total current assets 132,377 318,630 Trade and other payables 191,742 17,528 Net current assets (59,365) 301,102 Total assets less current liabilities 1,228,397 761,102 Capital and reserves Share capital 836,111 658,333 Share premium 689,229 467,007 Share options reserve 441,755 - Retained earnings (738,698) (364,238) Total equity and liabilities 1,228,397 761,102
The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:
The auditor’s opinion in respect of the Company’s accounts for the year ended
“Basis for qualified opinion
The company’s Statement of Financial Position as at
The Directors of the Company accept responsibility for the contents of this announcement.
ANANDA DEVELOPMENTS PLC+44 (0)7717 573 235 Chief Executive Officer firstname.lastname@example.org Melissa SturgessInvestor Relations Jeremy Sturgess-SmithPETERHOUSE CAPITAL LIMTED +44 (0)20 7469 0930 Corporate Finance Mark Anwyl Allie FeuerleinCorporate Broking Lucy Williams Duncan VaseyCELICOURT COMMUNICATIONS +44 (0)20 7520 9266 Mark Antelme Ollie Mills
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a