Final Results

Buckland Investments PLC
21 December 2001


                           BUCKLAND INVESTMENTS PLC

                 Results for the year ended 31 December 2000


Chairman's Statement for the year ended 31 December 2000

I present the financial results for Buckland for the year ended 31 December
2000. The results show a loss before tax of £1,272,839 (1999:loss £355,537) on
sales of £7,141,375 (1999: £6,928,953).  There was an attributable loss
equivalent to 8.35 pence per share (1999: 1.87 pence loss per share).  No
dividend is proposed.



Trading

During 2000 we continued to supply CRT sockets and SCART connectors to the
majority of the major consumer electronics manufacturers worldwide. Demand was
good throughout the year for our products in the European market, which is
dominated by the production of colour TVs, VCRs, DVDs and set top boxes.
Sales in Asia were lower than in 1999 and price competition was a continuing
factor, particularly in the market for computer monitors which is our single
most important business sector in Asia. During the second half of the year we
also started deliveries of a new range of power input sockets, which are
expected to be an increasing source of revenue over the coming years.

Although total sales grew  by 3% compared to the previous year, thus
successfully maintaining our overall position in the marketplace, this was
only achieved at very considerable cost as a result of the restructuring
measures described below.



Restructuring

During the first half of 2000 we completed the transfer of all manufacturing
operations from France to Thailand and closed the old factory on the outskirts
of Paris. The related redundancy costs together with the temporary costs of
running the new stamping operations in Bangkok in parallel with the old
factory in France amounted to some  £400,000. In addition, various logistical
problems relating mainly to the transfer of manufacturing to Thailand
necessitated the heavy use of airfreight both in the first half of the year,
as previously reported, and also in the second half.  The total costs so
incurred exceeded £420,000.

Clearly the process of transferring all manufacturing from France to Thailand
has proved a much more demanding and expensive task than we had originally
anticipated.  Apart from the logistical issues, we experienced greater
difficulty than initially seemed likely in recruiting suitably experienced
staff to run the stamping operations.  This had a knock on effect throughout
the manufacturing process leading to the use of airfreight referred to above
in order to maintain continuity of supply to our customers. However, we have
now had over a year to gain experience of manufacturing entirely in Thailand
and I am pleased to be able to report that the process is now running
satisfactorily.



Financing

The heavy losses incurred in 2000 left the group's balance sheet and cash flow
under considerable pressure.  With reluctance, therefore, the Directors of CM
Investissements SA and Connectic Metallo SA applied in July this year to the
French Court to place those company in Redressement Judiciaire and it is
anticipated that both companies will be liquidated in the near future. The
operations of Euro Asia Connectors Co Ltd and Euro Asia Connectors Co (Hong
Kong) Ltd, which are now our principal operating subsidiaries, are not
affected by this process and deliveries to all or customers worldwide have
continued as normal.



Outlook

EAC is now trading profitably and successfully and we are confident, on the
basis of current market conditions, that it should be able to generate a
significant pre-tax profit in 2002.  The Directors are currently examining
various options to strengthen the group's overall financial position.


Patrick Rogers

Chairman


21 December 2001


Consolidated profit and loss account for the year ended 31 December 2000

                                             Year ended        Year ended
                                             31 December       31 December
                                                2000              1999
                                                  £                 £

Turnover                                   7,141,375         6,928,953

Cost of sales                              (5,484,356)       (4,191,306)

Gross profit                               1,657,019         2,737,647


Administrative expenses                    (2,837,157)       (2,968,105)
Other operating income                     169,011           19,224

Operating loss                             (1,011,127)       (211,234)

Interest receivable                        -                 1,977
Interest payable and similar charges       (261,712)         (146,280)

Loss on ordinary activities before         (1,272,839)       (355,537)
taxation

Tax on loss on ordinary activities         -                 53,631

Minority interests                         -                 62,746

Retained loss transferred from             (1,272,839)       (239,160)
reserves

Loss per ordinary share
Basic                                          (8.35)p         (1.87)p





Consolidated statement of total recognised gains and losses

and consolidated reconciliation of movements in shareholders' funds

for the year ended 31 December 2000


                                                    Year ended      Year ended
                                                   31 December     31 December
                                                       2000            1999
                                                        £               £
Consolidated statement of total recognised gains
and losses

Loss for the period                                (1,272,839)     (239,160)
Exchange translation gain/(loss) on foreign        (75,685)        (127,704)
currency net investments in 
subsidiary undertakings

Total recognised gains and losses for the period   (1,348,524)     (366,864)



Consolidated reconciliation of movements in
shareholders' funds


Total recognised gains and losses                  (1,348,524)     (366,864)

New ordinary share capital subscribed for and      30,000          283,975
allotted in the period,
including share premium (net of expenses)

Net reduction in equity shareholders' funds        (1,318,524)     (82,889)

Opening equity shareholders' funds                 1,543,197       1,626,086

Closing equity shareholders' funds                 224,673         1,543,197






Consolidated balance sheet at 31 December 2000


                                 £             £             £            £
Fixed assets

Intangible assets                         558,452                     590,815
Tangible assets                           948,968                     1,480,470
                                          1,507,420                   2,071,285


Current assets

Stocks                      988,405                     1,148,819
Debtors                     1,802,631                   2,283,887
Cash at bank and in hand    37,658                      294,872
                            2,828,694                   3,727,578


Creditors: amounts          (4,090,677)                 (4,034,684)
falling due
within one year


Net current liabilities                   (1,261,983)                 (307,106)


Total assets less current                 245,437                     1,764,179
liabilities


Creditors: amounts                        (20,764)                    (220,982)
falling due after more than one year

                                          224,673                     1,543,197

Capital and reserves
Called up share capital                   1,540,900                   1,520,900
Share premium account                     459,993                     449,993
Profit and loss account                   (1,776,220)                 (427,696)

Equity shareholders'                      224,673                     1,543,197
funds






Consolidated cash flow statement for the year ended 31 December 2000


                                                  Year ended    Year ended
                                                  31 December   31 December
                                                     2000          1999
                                                       £             £

Net cash inflow from operating activities (see    213,959       861,740
below)
Returns on investments and servicing of finance   (262,861)     (143,155)
Taxation                                          43,881        -
Capital expenditure                               228,055       (277,330)
Acquisitions                                      -             (233,999)

Cash inflow before management of liquid           223,034       207,256
resources and financing
Financing                                         (598,047)     15,204

(Decrease)/Increase in cash                       (375,013)     222,460

Reconciliation of net cash flow to movement in
net funds
(Decrease)/increase in cash in the period         (375,013)     222,460
Cash inflow from decrease in debt                 628,047       268,770
Change in net debt resulting from cash flows      253,034       491,230

Inception of finance leases                       (37,456)      (84,192)
Exchange movement                                 (49,446)      270,384
Movement in net debt in the period                166,132       677,422

Opening net debt                                  (1,742,541)   (2,419,963)

Closing net debt                                  (1,576,409)   (1,742,541)

Reconciliation of operating (loss)/profit to
net cash inflow/(outflow) 
from operating activities
Operating loss                                    (1,011,127)   (211,234)
Depreciation                                      368,675       626,778
Amortisation of goodwill                          40,735        31,282
(Profit) on sale of fixed assets                  (92,043)      (18,816)
Decrease in stocks                                120,059       178,912
(Increase)/decrease in debtors                    374,937       (644,400)
Increase in creditors                             412,723       899,218

Net cash inflow from operating activities         213,959       861,740





Copies of the Report and Accounts are being sent to shareholders and are
available from the Company Secretary at Buckland Investments plc, 3 Draycott
Place, London SW3 2SE.