Interim Results

16 September 2005

                              BUCKLAND GROUP PLC                               

                         ('Buckland' or the 'Company')                         

                                Interim Report                                 

Chairman's Statement

I present the interim results for Buckland for the six months ended 30 June
2005. These show a profit before tax from continuing operations and
acquisitions of £ 23,344 on sales of £ 1,671,785. After losses from
discontinued operations of £ 228,050 on sales of £ 320,695 and after charging
an exceptional item of £ 90,000 relating to closure costs, the consolidated
pre-tax loss for the period was £ 294,706 on total sales of £1,992,480 (2004
Interim: loss of £ 277,800 on sales of £ 1,411,365). Earnings per share from
continuing operations were 0.01 p; after discontinued operations and the
exceptional charge, the loss per share was 0.09 p. (2004: 0.15p loss per
share). No interim dividend is proposed.

Review of Derlite, DK Gas Components & Euro Asia Connectors

As already advised to shareholders, Euro Asia Connectors Co Ltd (`EAC') ceased
all manufacturing on 22 July this year. EAC incurred trading losses of £
228,050 in the six months to the end of June and a further amount of £ 90,000
has been provided as an exceptional item to cover trading losses in July and
the estimated net costs to complete the closure of the business after allowing
for redundancies, sale of assets, etc. .

Derlite's production has not been affected by the closure of EAC and the
process of rationalising our operations in Bangkok to allow us to release
surplus factory space previously utilised by EAC will be completed within the
next month. Derlite's prospects remain favourable with good demand from its
long standing customer base in the cooker market being steadily augmented by
new sales to the domestic gas boiler market in Western Europe and to the cooker
market in the USA and Mexico.

The trading results of DK Gas Components, consolidated since its acquisition on
18th February, have been in line with our expectations, with demand from its
traditional customer base in the UK cooker market remaining good. Various
projects are in hand jointly with Derlite which are expected to generate
significant sales growth over the coming year whilst short term we have been
able to achieve some improvement in DK Gas' operating margins by trimming the
cost structure. Much more significant gains in this area should clearly flow as
we relocate its manufacturing operations from the UK to Bangkok; the first
phase in this process has already commenced.

Balance sheet

Following the acquisition of DK Gas and the related placing of new shares to
finance it, shareholders' funds at the end of June this year stood at £
825,096. With the drain on cash from EAC having been eliminated, the group's
liquidity is expected to improve steadily over time although the short term
position remains tight. In the circumstances, the Board considers that it would
be appropriate to propose a capital reorganisation so that the nominal value of
the ordinary shares is reduced from 0.5p to 0.01p. This would permit the issue
of further new shares, if this were thought to be appropriate and in the best
interests of shareholders. A circular setting out in more detail this proposed
capital reorganisation is being posted to shareholders with this interim report
and will be available free of charge for a period of one month from 19
September 2005 at the Company's registered office: 3 Draycott Place, London SW3
2SE

Outlook

With the loss making EAC business eliminated from the Group, Buckland is now in
the much stronger position of having two profitable subsidiaries with most
encouraging prospects. Although the second half of the year will bear some one
off costs associated with the transfer of UK production to Bangkok, this is a
process that will ultimately greatly enhance the performance of the Group. The
anticipated labour and overhead savings arising from the transfer will start to
impact profits in the first half of 2006 and provide the Board with confidence
in the future of the Group.

Patrick Rogers

Chairman

16 September 2005

Interim Report

Consolidated profit and loss account for the six month period ended 30 June
2005

                                    Unaudited Six    Unaudited Six Twelve month
                                     month period     month period period ended
                                    ended 30 June    ended 30 June  31 December
                                             2005             2004         2004
                                                                               
                                                £                £            £
                                                                               
Turnover                                                                       
                                                                               
Continuing           559,903                                                   
Operations                                                                     
                                                                               
Acquisitions         1,111,882                                                 
                                                                               
Discontinued         320,695                                                   
Operations                                                                     
                                                                               
                                        1,992,480        1,411,365    2,957,083
                                                                               
Cost of sales                         (1,400,104)      (1,183,268)  (2,458,683)
                                                                               
Gross profit                              592,376          228,097      498,400
                                                                               
Administrative                          (860,485)        (467,234)  (1,029,754)
expenses                                                                       
                                                                               
Other operating                            88,458         (24,739)       70,418
(expense)/income                                                               
                                                                               
Operating profit/                                                              
(loss)                                                                         
                                                                               
Continuing              20,795                                                 
Operations                                                                     
                                                                               
Acquisitions            26,612                                                 
                                                                               
Discontinued         (228,050)                                                 
operations                                                                     
                                                                               
                                        (179,651)        (263,876)    (460,936)
                                                                               
Exceptional item                         (90,000)                              
                                                                               
Interest                                        2                8           97
receivable                                                                     
                                                                               
Interest payable                         (24,065)         (13,932)     (27,537)
and similar                                                                    
charges                                                                        
                                                                               
(Loss) on ordinary                      (294,706)        (277,800)    (488,376)
activities before                                                              
taxation                                                                       
                                                                               
Tax on ordinary                                 -                -            -
activities                                                                     
                                                                               
Retained (loss)                         (294,706)        (277,800)    (488,376)
transferred (from)                                                             
reserves                                                                       
                                                                               
(Loss) per                                (0.09)p          (0.15)p      (0.26)p
ordinary share:                                                                
Basic and Diluted                                                              

Consolidated balance sheet at 30 June 2005

                                     At 30 June 2005         At 31 December 2004   
                                                                                   
                                      £            £            £            £     
                                                                                   
Fixed assets                                                                       
                                                                                   
Intangible assets                             1,236,425                 318,313    
                                                                                   
Tangible assets                               371,772                   173,382    
                                                                                   
                                              1,608,197                 491,695    
                                                                                   
Current assets                                                                     
                                                                                   
Stocks                           541,740                   423,088                 
                                                                                   
Debtors                          1,762,719                 331,243                 
                                                                                   
Cash at bank and in hand         16,619                    37,298                  
                                                                                   
                                 2,321,078                 791,629                 
                                                                                   
Creditors: amounts falling       (3,095,449)               (1,206,754)             
due                                                                                
within one year                                                                    
                                                                                   
Net current (liabilities)/                    (774,371)                 (415,125)  
assets                                                                             
                                                                                   
Total assets less current                     833,826                   76,570     
liabilities                                                                        
                                                                                   
Creditors: amounts falling                    (8,730)                   (26,768)   
due                                                                                
after more than one year                                                           
                                                                                   
                                              825,096                   49,802     
                                                                                   
Capital and reserves                                                               
                                                                                   
Called up share capital                       3,487,752                 2,417,752  
                                                                                   
Share premium account                         735,775                   735,775    
                                                                                   
Profit and loss account                       (3,398,431)               (3,103,725)
                                                                                   
Equity shareholders' funds                    825,096                   49,802     
                                                                                   

Consolidated cash flow statement for the six month period ended 30 June 2005

                                                        Unaudited    Year ended
                                                        Six month   31 December
                                                           period          2004
                                                         ended 30              
                                                        June 2005              
                                                                               
                                                           £             £     
                                                                               
Net cash (outflow)/inflow from operating              (665,775)     47,226     
activities (see below)                                                         
                                                                               
Returns on investments and servicing of               (24,064)      (27,440)   
finance                                                                        
                                                                               
Taxation                                              (945,539)     (2,066)    
                                                                               
Purchased Goodwill & Acquisition Costs                                         
                                                                               
Capital expenditure                                   (180,265)     (62,927)   
                                                                               
Cash outflow before management of liquid              (1,815,643)   (45,207)   
resources and financing                                                        
                                                                               
Share issue                                           1,070,000     8,166      
                                                                               
Debt                                                  712,707                  
                                                                               
(Decrease) in cash                                    (32,936)      (37,041)   
                                                                               
Reconciliation of net cash flow to movement in                                 
net funds                                                                      
                                                                               
(Decrease) in cash in the period                      (32,936)      (37,041)   
                                                                               
Cash inflow from increase in debt                     (712,707)     (8,166)    
                                                                               
Change in net debt resulting from cash flows          (745,643)     (45,207)   
                                                                               
Exchange movement                                     10,533        (6,653)    
                                                                               
Movement in net debt in the period                    (735,110)     (51,860)   
                                                                               
Opening net debt                                      (289,102)     (237,242)  
                                                                               
Closing net debt                                      (1,024,212)   (289,102)  
                                                                               
Reconciliation of operating (loss)/profit to                                   
net                                                                            
cash outflow from operating activities                                         
                                                                               
Operating (loss)                                      (270,643)     (460,936)  
                                                                               
Depreciation                                          65,538        191,095    
                                                                               
Amortisation of goodwill                              27,428        17,875     
                                                                               
(Profit)/Loss on sale of fixed assets                 (83,662)      (560)      
                                                                               
Decrease/(Increase) in stocks                         (118,652)     48,558     
                                                                               
Decrease/(Increase) in debtors                        (1,431,476)   250,627    
                                                                               
Increase in creditors                                 1,145,692     30,782     
                                                                               
Other non cash operating adjustment                   -             (30,215)   
                                                                               
Net cash (outflow) from operating activities          (665,775)     (47,226)   
                                                                               

Notes to the Interim Results:

1

The consolidated profit and loss account incorporates the unaudited results of
Buckland Group Plc and all its subsidiary undertakings up to 30 June 2005, and
has been prepared on a basis consistent with the accounting policies set out in
the audited financial statements for the year ended 31 December 2004. Earnings/
(loss) per share for the six months to 30 June 2005 have been calculated based
on the weighted average number of shares in issue for the period of
346,845,706.

2

This Interim Report was approved by the board of directors on 16 September
2005.

This interim financial information does not comprise statutory accounts as
defined in Section 240 of the Companies Act 1985.

The financial information for the period ended 31 December 2004 is an extract
from the latest company accounts. Those accounts received an unqualified
auditors report and have been filed with the Registrar of Companies.

The financial information for the period ended 30 June 2005 has not been
subject to review by the auditors.

For further information please contact,

Patrick Rogers,

Chairman

Tel. [phone]

Ben Simons

Hansard Communications

Tel. [phone]