Final Results

29 July 2016

LIMITLESS EARTH PLC
("Limitless" or the "Company")

Final Results for the Period ended 31 January 2016

The Company is pleased to announce its final results for the period to 31 January 2016.

Chairman’s statement

Limitless is a proactive investment company that focuses on making investments in and assisting companies that show the potential to generate returns through capital appreciation. It is the Directors' strategy to invest in small companies where there are clear routes to value appreciation also in companies that are operating in sectors with long term growth prospects that are driven by demographic change. Examples of such sectors include Cleantech, Life Sciences and Technology.

During the year the Company invested in Medical Diagnostics (Chronix Biomedical inc.), Communication Technology (V Nova Ltd), Industrial Material Recycling and Waste to Energy (Saxa Gree S.p.A).

The Board relies on its own know-how, on an extensive network in the financial system and external advisers to enable it to make the right investment in the right sector at the right time. It has already analysed more than twenty investment opportunities in the first months of operations and has engaged advisers on one investment in the Life Sciences area where discussions with management are on-going.

The Board understands that cost control is important at all times and particularly pre-investment and it ensures that operating costs are kept to a minimum to in order to preserve shareholder value.

For the financial period, Limitless made a net loss on operations of £175,299 ((2015: £299,671) - includes the cost of the listing process, which was £168,000). The audited balance sheet reflects the cash and cash equivalents at the reporting date of £1,530,404.

Post year end the Company continued its investing with a £200,000 investment in Exogenesis Corporation, based in Boston Massachusetts, which has developed nanoscale surface modification technology to improve the safety and efficacy of implantable medical devices and is being used to develop next generation microscopy tools for DNA Analysis. 

The Board continues to actively source suitable investments and thanks all the shareholders for their support.

Guido Contesso
Chief Executive Officer
29 July 2016

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Limitless Earth plc Dominic White Guido Contesso	www.limitlessearthplc.com [phone] [phone]
Cairn Financial Advisers LLP Nominated Adviser Jo Turner/Liam Murray	[phone] www.cairnfin.com
Peterhouse Corporate Finance Limited Broker Peter Greensmith	[phone] www.pcorpfin.com

About Limitless Earth plc

Limitless Earth plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation.  Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change.  Examples of such sectors include Cleantech, Life Sciences and Technology.

Statement of Comprehensive Income
for the period ended 31 January 2016

		Period to	Period to
		31/01/2016	31/01/2015
Continuing operations		£	£
Administrative expenses		(180,821)	(305,914)
Operating loss		(180,821)	(305,914)
Finance Income		5,522	6,243
Loss before taxation		(175,299)	(299,671)
Taxation		-	-
Loss for the financial position		(175,299)	(299,671)
Total Comprehensive income for the period		(175,299)	(299,671)
Loss attributable to:
Equity Holders		(175,299)	(299,671)
Earnings per share:
Basic and diluted loss per share		(0.27p)	(0.69p)

Statement of Financial Position
As at 31 January 2016

		31/01/2016	31/01/2015
		£	£
Current assets
Investments Available for sale		1,088,341	-
Trade and other receivables		-	-
Cash and cash equivalents		1,530,404	2,731,554
		2,618,745	2,731,554
Total Assets		2,618,745	2,731,554
Current Liabilities
Trade and other payables		(74,990)	(12,500)
Net Assets		2,543,755	2,719,054
Equity
Issued Share Capital		654,000	654,000
Share Premium		2,350,630	2,322,440
Share warrant reserve		14,095	42,285
Retained Earnings		(474,970)	(299,671)
Total Equity		2,543,755	2,719,054

Statement of Changes in Shareholders’ Equity
for the period ended 31 January 2015

	Share capital	Share premium	Share warrant reserve	Retained earnings	Total
	£	£	£	£	£
Changes in Equity for the period ended 31 January 2015
Comprehensive income
Loss for the period	-	-	-	(299,671)	(299,671)
Total Comprehensive loss for the period	-	-		(299,671)	(299,671)
Transactions with owners	-	-	-	-	-
Proceeds from share issue (net of expenses)	654,000	2,322,440	42,285	-	3,018,725
Total contributions by the owners	654,000	2,322,440	42,285	-	3,018,725
At 31 January 2015	654,000	2,322,440	42,285	(299,671)	2,719,054
Changes in Equity for the period ended 31 January 2016
Comprehensive income
Loss for the period	-	-	-	(175,299)	(175,299)
Total Comprehensive loss for the period	-	-	-	(175,299)	(175,299)
Warrant cancellation	-	28,190	(28,190)	-	-
At 31 January 2016	654,000	2,350,630	14,095	(474,970)	2,543,755

Statement of Cash Flows
for the period ended 31 January 2015

		Period to	Period to
		31/01/2016	31/01/2015
		£	£
Cash flows from operating activities
Net cash absorbed by operating activities		(118,331)	(293,414)
Cash flows from investing activities
Finance income received net		5,522	6,243
Investments		(1,088,341)	-
Net cash used in investing activities		(1,082,819)	6,243
Cash flows from financing activities
Gross proceeds from share issues		-	3,270,000
Share issue expenses		-	(251,275)
Net Cash from financing activities		-	3,018,725
Net increase in cash and cash equivalents during the year		(1,201,150)	2,731,554
Cash at the beginning of period		2,731,554	-
Cash and cash equivalents at the end of the period		1,530,404	2,731,554

NOTES TO THE FINANCIAL STATEMENTS

1. General Information

Limitless Earth Plc is a company incorporated and domiciled in the United Kingdom. The Company is a public limited company, which is listed on the AIM market of the London Stock Exchange. The address of the registered office is 30 Percy Street, London, W1T 2DB

The Investing Policy is to invest principally, but not exclusively, in sectors where changing demographic factors are important drivers of growth. The Company intends to focus initially on projects located in Europe but will also consider investments in other geographical regions. The Company may become an active investor, acquire controlling stakes or minority positions, in each case, as the Board considers appropriate and commercial

The financial statements are presented in British Pounds Sterling, the currency of the primary economic environment in which the Company’s operates from.

2. Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied throughout the period, unless otherwise stated.

Basis of preparation

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) and IFRIC interpretations as adopted by the European Union applicable to companies reporting under IFRSs.  The financial statements have also been prepared under the historical cost convention. The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies.  The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed later in these accounting policies.

Going Concern

The directors have, at the time of approving the financial statements, a reasonable expectation that the Company and the Group have adequate resources to continue in existence for the foreseeable future.  Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

3. Loss per share

The basic loss per share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the period.

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. No share warrants outstanding at 31 January 2016 were dilutive and all such potential ordinary shares are therefore excluded from the weighted average number of Ordinary shares for the purposes of calculating diluted earnings per share.

	2016 £	2015 £
Loss from continuing operations attributable to equity holders of the company	(175,299)	(299,671)
Weighted average number of ordinary shares in issue	65,540,000	43,440,000
	Pence	Pence
Basic and fully diluted loss per share from continuing operations	(0.27p)	(0.69p)

4. Notice of Annual General Meeting and Posting of Accounts

The above results are extracted from the Report and Accounts for the period ended 31 January 2016, which have today been sent to all shareholders together with a copy of the Notice of Annual General Meeting. Copies of these documents can also be found on the Company’s website, www.limitlessearthplc.com.

The Annual General Meeting of the Company has been convened at on 5 September 2016 to be held at 30 Percy Street, London, W1T 2DB.