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Fluid Leader Group Plc (FLGP)

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Friday 31 October, 2008

Fluid Leader Group Plc

Final Results


                            Fluid Leader Group Plc

                               (The "Company")

31 October 2008

The Company is pleased to present its financial results for the year ending 30 April 2008.

Whilst the period in question was substantially prior to the significant changes to the 
Company we are pleased with its progress in these turbulent times.

The Company's final results were in line with the Board's expectations for this period. The 
Company was suspended on 25 May 2007 and was not readmitted to trading until 3 June 2008 
("Readmission"). During the period covered by the accounts, the Company disposed of Anca C 
Fashion Limited on 19 September 2007 and acquired Fluid Leader Limited.

Since Readmission, the Company's main focus has been to acquire additional patents, undertake 
testing and certification of products and develop samples for different markets and to forge 
a presence in the Middle East.

The company disposed of its interest in Pipejoin Technologies Inc. in consideration for the 
acquisition of Big Pipes Limited which contained various complementary patent applications.

CONSOLIDATED PROFIT AND LOSS ACCOUNT 

FOR THE YEAR ENDED 30 APRIL 2008

                                           2008               2007
                          Notes               £                  £
Turnover                    2                 -            466,816
 
Cost of sales                                 -           (197,854)
  
Gross (loss)/profit                           -            268,962

Administrative
expenses                               (977,445)          (358,225)

Operating loss              3          (977,445)           (89,263)

Loss on disposal
of discontinued 
activities.                   (190,430)                 -

                                       (190,430)                 -

Loss on ordinary 
activities before
interest                             (1,167,875)           (89,263)
 
Amounts written off         4                 -           (202,021)
investments

Interest payable and        5                 -               (933)
similar charges
 
Loss on ordinary 
activities before
taxation                             (1,167,875)          (292,217)

Tax on loss on ordinary 
activities                  7                 -                  -

Loss on ordinary 
activities after taxation            (1,167,875)          (292,217)

The 2007 comparatives represent results for the trading operations of Anca C
Fashion Limited, an activity that has been discontinued. The 2008 results 
represent continuing operations.

There are no recognised gains and losses other than those passing through the
profit and loss account.

Earnings per share                        (1.5p)            (3.72p)

BALANCE SHEETS AS AT 30 APRIL 2008

                                             Group                   Company

                                         2008      2007          2008        2007

                           Notes            £         £             £           £

Fixed assets

Intangible assets            9     88,796,000         -             -           - 

Tangible assets             10              -    85,368             -           -

Investments                 11              -         -    83,000,000           -

                                   88,796,000    85,368    83,000,000           -

Current assets

Stocks                      12              -    55,085             -           - 

Debtors                     13        112,542   207,172     5,851,990           -

Cash at bank and in hand               29,110     7,832        29,110          46

                                      141,652   270,089     5,881,100          46
Creditors: amounts 
falling due within                    
one year                    14       (779,923) (263,622)     (723,371)    (98,641)

Net current 
(liabilities)/assets                 (638,271)    6,467     5,157,729     (98,595)

Total assets less 
current liabilities                88,157,729    91,835    88,157,729     (98,595)

Creditors: amounts 
falling due after
more than one year          15     (6,055,200)        -    (6,055,200)          -


                                   82,102,529    91,835    82,102,529     (98,595)

Capital and reserves

Called up share capital     16        351,650    15,918       351,650      15,918

Share premium account       17     83,210,894   368,057    83,210,894     368,057

Profit and loss account     17     (1,460,015) (292,140)   (1,460,015)   (482,570)
 
Shareholders' funds         18     82,102,529    91,835    82,102,529     (98,595)


The financial information has been extracted from the audited accounts of
Fluid Leader Group Plc for the year ended 30 April 2008.

The Directors of the Company accept responsibility for this announcement.

                                   - ends -

FOR FURTHER INFORMATION CONTACT:

Atlantic Law Llp: email: [email protected]
Andrew Greystoke Tel: 020 7616 2888



                                        

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