Interim Results

Reflexion Cosmetics PLC 16 January 2006 Reflexion Cosmetics plc ('Reflexion' or the 'Company') Interim Results for the period ended 31 July 2005 16 January 2006 Chairman's Statement Interim Statement Reflexion Cosmetics PLC announces its interim results for the six months ended 31 July 2005. Financial Highlights The loss before taxation for the six months was £29,000 (period to 31 January 2005 - £373,000). Review of Operations During the six month period the Company continued to seek trading opportunities. Although a number have been reviewed nothing has as yet come to fruition. I have made available an additional £50,000 to the Company, subsequent to the period ended 31 July 2005, in order to provide funds for implementing the Company's continued strategy. N Robertson Chairman Reflexion Cosmetics PLC Michael Friend Tel: 07899 940 005 W.H. Ireland Tim Cofman Tel: 0121 616 2101 Buchanan Communications Mark Court Tel: 0207 466 5000 Reflexion Cosmetics PLC Unaudited Profit and Loss Account 6 months to Period to Period to 31 July 2005 30 September 2004 31 January 2005 £'000 £'000 £'000 Turnover - - - Cost of sales - - - ------------- ------------- ------------- Gross profit - - - Other operating income and charges 32 156 380 ------------- ------------- ------------- Operating Loss (32) (156) (380) Net interest and other similar charges 3 5 7 Loss on ordinary activities (29) (151) (373) Tax on loss on ordinary activities - - - ------------- ------------- ------------- Loss on ordinary activities after taxation and loss retained (29) (151) (373) ======= ======= ======= Basic loss per share (0.003)p (1.780)p (4.291)p ======= ======= ======= The operating losses derived from continuing operations. There were no recognised gains or losses other than the loss for the financial period. Reflexion Cosmetics PLC Unaudited Summarised Balance Sheet 6 months to Period to Period to 31 July 30 September 31 January 2005 2004 2005 £'000 £'000 £'000 Current assets Debtors 3 5 34 Cash at bank and in hand 25 249 205 ----------- ----------- ----------- 28 254 239 ----------- ----------- ----------- Creditors: amounts falling due within one year 46 21 228 ----------- ----------- ----------- Net current assets and total assets less current liabilities (18) 233 11 ======= ======= ======= Capital and reserves Called up share capital 88 88 88 Share premium account 296 296 296 Profit and loss account (402) (151) (373) ----------- ----------- ----------- Shareholders' funds (18) 233 11 ======= ======= ======= Equity shareholders' funds (18) 233 11 ======= ======= ======= Reflexion Cosmetics PLC Unaudited Cashflow Statement 6 months to Period Period 31 July to 30 to 31 January 2005 September 2004 2005 Note £'000 £'000 £'000 Net cash outflow from operating activities 5 (183) (140) (186) ------------ ------------ ------------ Returns on investment and servicing of finance Interest received less interest payable 3 5 7 Interest paid - - - ------------ ------------ ------------ Net cash inflow from returns on investments and servicing of finance 3 5 7 ------------ ------------ ------------ Financing Issue of shares - 550 550 Expenses in connection with share issues - 166 166 ------------ ------------ ------------ Net cash inflow from financing - 384 384 (Decrease) in cash (180) (249) (205) ======= ======= ======= Reflexion Cosmetics PLC Notes to the financial information 1. Basis of preparation The unaudited interim financial information has been prepared on the basis of the accounting policies set out in the Company's financial statements for the period ended 31 January 2005. 2. Comparative figures The comparative figures are the period to 31 January 2005 and the interim statement to 30 September 2004. The financial information contained in this interim statement does not constitute statutory accounts as defined in section 240 of the Companies Act 1985. The financial information for the full preceding year is extracted from the statutory accounts for the financial period ended 31 January 2005. These accounts, which have been filed with the Registrar of Companies, were audited and reported on without qualification by the auditors and did not contain a statement under section 237 (2) or (3) of the Companies Act 1985. 3. Earnings per share The calculation of earnings per share is based on a loss of £29,000 (period to 30 September 2004 loss - £151,000) (period to 31 January 2005 loss - £373,000) and the weighted average number of shares in issue for the period of 8,846,154 (period to 30 September 2004 - 8,483,146) (period to 31 January 2005 - 8,693,615). 4. Reconciliation of movement in Shareholders' Funds 6 months to Period to 30 Period to 31 31 July 2005 September 2004 January 2005 £'000 £'000 £'000 (Loss) for the period (29) (151) (373) Net reduction of shareholders' funds Opening shareholders' funds at 1 February 2005 (373) - - ----------- ----------- ----------- Closing shareholders' funds at 31 July 2005 (402) (151) (373) ======= ======= ======= 5. Consolidated Cash Flow Statement Net cash inflow from operating activities 6 months to Period to 30 Period to 31 31 July 2005 September 2004 January 2005 £'000 £'000 £'000 Operating (loss) (32) (156) (380) Decrease/(increase) in debtors 31 (5) (34) (Decrease)/increase in creditors (182) 21 228 ----------- ----------- ----------- Net cash inflow from operating activities (183) (140) (186) ======= ======= ======= 6. Analysis of changes in net funds At 30 September At 1 February At 31 July 2004 Cash Flow 2005 Cash Flow 2005 £'000 £'000 £'000 £'000 £'000 Cash in hand 249 (44) 205 (180) 25 ======== ======== ======== ======== ======== 7. Copies of interim results and report and accounts A copy of these interim results and the report and accounts have been sent to shareholders and further copies of the report and accounts for the year ended 31 January 2005 are available free of charge on request from the Company's registered office, PO Box 1295, Sterling House, 20 Station Road, Gerrards Cross, Buckinghamshire, SL9 8EL. This information is provided by RNS The company news service from the London Stock Exchange

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