Interim Results

NEW CENTURY AIM VCT PLC
                  NEW CENTURY AIM VCT PLC

                                 INTERIM RESULTS

                         HALF YEAR TO 30 SEPTEMBER 2006

New Century AIM VCT plc (the 'Company')

Chairman's Statement

I am pleased to report that, as at 30th September 2006, the Net Asset Value
('NAV') per share of the Company had increased to 131.52p while qualifying
investments accounted for 74% of the Company by value.

It is our intention to de-risk the Company by gradually trimming the larger
holdings and utilising the proceeds to re-invest in new smaller holdings. In
this respect, we have taken partial profits on Debtmatters, GTL Resources, Apace
Media, Internet Business Group, debts.co.uk, Invocas and Talarius. WE have
disposed of certain holdings which have not met our expectations. As a result of
these actions, we have realised profits over the last half year of £536,525 and
the number of holdings has risen to 50.

Since the half year end, the NAV has continued to rise and as at 2 November
2006, had advanced to 136p per share whilst the VCT-qualifying investments had
increased to 78%.

Once again, I would like to thank our Investment Manager and its analysts for
their help in achieving this impressive performance. They remain determined to
continue achieving success for your Company.

John Brice

Chairman

-0-
*T
New Century AIM VCT plc
for the half year ended 30 September 2006                                                       * means audited

                                            Period to 30 September     Period to 30 September     Period to 31 March
Unaudited Income Statement                            2006                      2005                     2006*
(incorporating the revenue account)          Revenue Capital   Total   Revenue Capital  Total   Revenue Capital   Total
                                               £'000   £'000   £'000     £'000   £'000  £'000     £'000   £'000
  £'000

Gains on investments
      Realised                                    -     536     536         -      20     20         -      55      55
      Unrealised                                  -      59      59         -     256    256         -   2,180   2,180
Income                                           56       -      56       136       -    136       226       -     226
Investment management fee                       (15)    (45)    (60)      (12)    (37)   (49)      (27)    (83)   (110)
Other expenses                                  (10)      -     (10)      (26)      -    (26)      (38)      -     (38)

                                            -------- ------- -------   ------- ------- ------   ------- ------- -------

Return on ordinary activities                    31     551     582        98     239    337       161   2,152   2,313
Tax on ordinary activities                       (1)      -      (1)      (21)      -    (21)      (30)     15     (15)
                                            -------- ------- -------   ------- ------- ------   ------- ------- -------

Return on ordinary activities after taxation     30     551     581        77     239    316       131   2,167   2,298

Transfer to reserves                            (30)   (551)   (581)      (77)   (239)  (316)     (131) (2,167) (2,298)
                                            -------- ------- -------   ------- ------- ------   ------- ------- -------

Return per ordinary share                     0.35p   6.51p   6.86p     0.12p   2.82p  2.94p     1.54p  25.61p  27.15p


All revenue and capital items in the above Statement derive from continuing operations.


The Company has only one class of business and derives its income from investments made in shares and securities and
 from bank and money market funds.


There were 8,464,500 ordinary shares in issue throughout the period

New Century AIM VCT plc                                                                         * means audited
                                                      30 September             30 September
Unaudited Balance Sheet as at 30 September                 2006                     2005                 31 March 2006*
 2006                                                  £'000   £'000             £'000  £'000             £'000   
£'000

Fixed Assets
       Investments                                            9,892                    2,843                     9,088

Current assets
  Sundry Debtors                                         24                        56                        0
  Cash with Broker                                    1,232                     5,896                    1,637
                                                     -------                   -------                   ------
                                                              1,256                    5,952                     1,637
Current Liabilities
  Creditors                                                     (16)                     (98)                      (47)
                                                             -------                   ------                   -------

Net assets                                                   11,132                    8,697                    10,678
                                                             -------                   ------                   -------


Capital and Reserves

Share Capital                                                   846                      846                       846
Share Premium                                                 7,534                    7,534                     7,534
Capital reserve - realised                                      565                       17                        68
Capital reserve - unrealised                                  2,154                      222                     2,099
Revenue reserve                                                  33                       78                       131
                                                             -------                   ------                   -------

Total                                                        11,132                    8,697                    10,678
                                                             -------                   ------                   -------

Net asset value per share                                      131p                     102p                      126p
*T

-0-
*T

New Century AIM VCT plc
for the half year ended 30 September 2006                                                                * means audited

Unaudited Cash Flow Statement                     30 September 2006       30 September 2005          31 March 2006*

                                                      £'000      £'000        £'000        £'000        £'000     
£'000

Net cash outflow from operating activities                        (70)                      (76)                   (148)

Net cash inflow from financial investment                          56                       137                     226

Dividend paid                                                    (127)                        -                       -

Net cash outflow for capital expenditure &
Financial investment                                             (206)                   (2,566)                 (6,853)
                                                                 _____                    ______                  ______
Net cash outflow before financing                                (349)                   (2,505)                 (6,775)

Financed by :
    Net proceeds of share issue                          -                   8,380                     8,380
    (Reduction)/increase in creditors                  (32)                     77                        32
    Increase in debtors                                (24)                    (56)                        -
                                                -----------             -----------               -----------
Net cash outflow from Net Current Assets                          (56)                    8,401                   8,402
                                                                 _____                     _____                   _____
Uninvested Funds with broker                                     (405)                    5,896                   1,637
                                                                =====                     =====                   =====
*T

Notes

1. This interim financial information and the unaudited interim accounts for the
half-year ended 30 September 2006 from which it has been extracted, which are
the responsibility of the directors and were approved by them on 30 November
2006, do not constitute statutory accounts within the meaning of Section 240 of
the Companies Act 1985 and have not been delivered to the Registrar of
Companies.

2. The Company is an investment company as defined in Section 266 of the
Companies Act 1985. The financial statements have been prepared under the
historical cost convention, modified to include the revaluation of fixed asset
investments, and in accordance with applicable accounting standards in the UK
and with the Statement of Recommended Practice 'Financial statements and
investment trust companies' issued in January 2003 and revised in December 2005.

3. Listed or AIM-traded investments are stated at market value, which is based
upon market bid prices at the balance sheet date.

4. During the period under review, the Company did not issue any new Ordinary
Shares of 10 pence each : the number of such shares in issue throughout the
period was 8,464,500.

5. Net Asset Value per share at 30 September 2006 was 131p per share (at 31
March 2006 - 126p and at 30 September 2005 - 102p)

6. A dividend in respect of the period ended 31 March 2006 amounting to £126,968
was paid during the period

7. Copies of the Interim Report to Shareholders have been sent to shareholders
and are available at the Company's Registered Office: 17/21 New Century Road,
Laindon SS15 6AG or from Woodside Corporate Services, 21-22 Grosvenor Street,
London W1K 4QJ.

NEW CENTURY AIM VCT PLC

Directors

John Roger Simpson Brice (Chairman)

Michael David Barnard

Geoffrey Charles Gamble

Robin William Kirby

Peter William Riley

Details of advisers

-0-
*T
Secretary and Registered Office         Solicitors                    Investment Manager and Broker
Woodside Secretaries Limited            Dundas & Wilson LLP           M D Barnard & Company Limited
21-22 Grosvenor Street                  5th Floor Northwest Wing      17/21 New Century Road
London W1K 4QJ                          Bush House                    Laindon
                                        London WC2B 4EZ               Essex SS15 6AG



Auditors & VCT Advisers                 Sponsor
UHY Hacker Young                        Teather & Greenwood Limited
St Alphage House                        Beaufort House
2 Fore Street                           15 St. Botolph Street
London EC2Y 5DH                         London EC3A 7QR



Registrars                              Bankers
Park Circus Registrars Limited          Bank of Scotland
2nd Floor, 144 West George Street       New Uberior House
Glasgow G2 2HG                          11 Earl Grey Street
                                        Edinburgh EH3 9BN

Company Registered Number: 5352611
*T


-0-
*T
New Century AIM VCT plc
Top Ten Investments

              Security                Cost    Valuation      %                        Notes
                                             30/09/2006
                                     £'000      £'000

DCD Media plc                         595       990        10.01   Film production and distribution.

ILX Group plc                         754       849        8.58    Education and training specialist.

Debtmatters Group plc                 121       620        6.27    Insolvency and consumer debt specialist.

Internet Business Group plc           317       578        5.84    On-line advertising and e-commerce.

                                                                   Recruitment of patients for the clinical
Synexus Clinical Research plc         392       546        5.52     trials industry.

                                                                   Manufacturers and retailers of low emission
Tanfield Group plc                    302       533        5.38     vehicles.

CKS Group plc                         402       425        4.30    Recycling and disposal of computers.

Worthington Nicholls Group plc        302       417        4.22    Air conditioning specialists.

                                                                   Communications integrator for small/medium
AT Communications Group plc           422       410        4.14     businesses.

Accuma Group plc                      251       360        3.64    Insolvency and consumer debt specialist.
*T

-0-
*T
New Century AIM VCT plc

Investment Portfolio Summary

Security                                        Cost   Valuation                          Security        Cost Valuation
                                         30/09/2006       %                                        30/09/2006      %
AIM Listed                         £'000       £'000              AIM Listed                 £'000       £'000

Invox plc                            23           2        0.02   Healthcare Locums plc       304         333      3.36
Talarius plc                         40         107        1.08   ILX Group plc               754         849      8.58
Hallin Marine Subsea
 International plc                   19          20        0.20   Lighthouse Group plc        204         263      2.65
                                                                  AT Communications Group
RDF Media Group Ltd                  32          46        0.47    plc                        422         410      4.14
Tristel plc                         167         203        2.05   Tanfield Group plc          302         533      5.38
PHSC plc                            183         186        1.88   Apace Media plc             255         296      2.99
                                                                  Arbuthnot Banking Group
Debtmatters Group plc               121         620        6.27    plc                         50          59      0.59
System C Healthcare plc             407         188        1.90   Corac Group                  16          17      0.17
DCD Media plc                       595         990       10.01   Sirvis IT plc                33          35      0.35
SectorGuard plc                     176         175        1.77   Accuma Group plc            251         360      3.64
GTL Resources plc                    13          22        0.22   Dealogic Holdings            46          41      0.41
XKO Group plc                        26          29        0.30   Europasia Education plc     101         120      1.21
K3 Business Technology Group        181         206        2.08   Europasia Education plc      50          60      0.61
Broker Network Holdings plc          26          62        0.63   Gaming VC Holdings           39          14      0.14
Smart Focus Group plc                27          27        0.27   Vantis plc                   33          39      0.39
Flomerics plc                        12          12        0.12   Corporate Synergy plc        40          36      0.36
Personal Group                       25          25        0.25   Invocas Group plc           167         278      2.81
Belgravium Technologies plc         281         250        2.53   Jelf Group plc              192         324      3.28
                                                                  Education Development
RC Group Holdings plc                35          59        0.59    Int plc                     27          38      0.39
                                                                  Worthington Nicholls
Internet Business Group             317         578        5.84    Group plc                  302         417      4.22
I-Mate plc                           34          23        0.23   Velosi Ltd                   23          23      0.23
                                                                  Impact Holdings (UK)
Inova Holdings plc                   21          11        0.11    plc                         20          20      0.20
Bond Intl. Software plc              35          41        0.42   Hightex Group plc            59          59      0.60
debts.co.uk                         289         326        3.30                             7,251       9,467     95.70
                                                                                          -------- ----------- ---------
                                                                  Plus Markets (formerly
Computer Software Group plc          40          58        0.58    Ofex) Listed
Eserve Global Ltd                    46          38        0.38   CKS Group plc               402         425       4.3
                                                                                          -------- ----------- ---------
Synexus Clinical Research plc       392         546        5.52                             7,653       9,892    100.00
                                                                                          -------- ----------- ---------
*T