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Venture Six Plc (VTSO)

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Friday 26 September, 2008

Venture Six Plc

Interim Results to 30 June 2008


26 September 2008

                               Venture Six Plc 
                       ("Venture Six" or the "Company")                

             Interim Accounts for the 6 months ended 30 June 2008              

Venture Six Plc [PLUS: VTSO] today reports its interim results for the 6 months
ended 30 June 2008.

CHAIRMAN'S STATEMENT

For the period ended 30 June 2008

In my report in the Annual Accounts to 31 December 2007 I stated that the
search for a suitable target has continued.

I am delighted to report that although it took place outside of the current
period under report, we have made a substantial investment, acquiring Loan
Stock in Sparkle Marketing Limited ("Sparkle") which on 20 August 2008 was
converted into ordinary shares in Sparkle. Following this conversion, your
company now holds 65.6% of Sparkle.

As we announced at the time of the acquisition, Sparkle is an interesting
business and considerable progress has been made since our investment with both
your Directors working with the Board of Sparkle to move that business forward.

The Loan Note holder injected further funds into your company, which enabled us
to continue to operate and to make the investment in Sparkle, and they have
agreed to continue to provide working capital to ensure that both businesses
can operate.


Profit and loss account                                                      
for the 6 months ended 30 June 2008                                                                    
                                                                             
                              Notes       6 months      6 months         Year
                                             ended         ended        ended      
                                           30 June       30 June       31 Dec
                                              2008          2007         2007
                                                                             
                                       (unaudited)   (unaudited)    (audited)
                                                                             
                                                 £             £            £
                                                                             
Administrative expenses                   (40,824)      (39,374)    (100,484)
                                                                             
Operating loss                            (40,824)      (39,374)    (100,484)
                                                                             
Interest receivable and                         84           502          621
similar income                                                               
                                                                             
Loss for the financial                    (40,740)      (38,872)     (99,863)
period                                                                       
                                                                             
Loss per ordinary share         4          (0.07)p       (0.07)p      (0.17)p
                                                                             
- basic and diluted                                                          



Balance Sheet                              30 June        30 June        31 Dec
                                              2008           2007          2007
                                                                               
as at 30 June 2008                     (unaudited)    (unaudited)     (audited)
                                                                               
                                                 £              £             £
                                                                               
Current assets                                                                 
                                                                               
Debtors                                      4,501          7,071         2,339
                                                                               
Cash at bank                                 7,530          7,966        50,824
                                                                               
                                            12,031         15,037        53,163
                                                                               
Creditors: amounts falling                                                     
due within one year                      (129,993)      (104,398)     (135,610)
                                                                               
Total assets less current                (117,962)       (89,361)      (82,447)
liabilities                                                                    
                                                                               
Creditors: amounts falling                                                     
due after more than one year                                                             
(including convertible debt)             (124,547)      (113,256)     (124,547)
                                                                               
                                         (242,509)      (202,617)     (206,994)
                                                                               
Capital and reserves                                                           
                                                                               
Called up share capital                    289,244        289,244       289,244
                                                                               
Share premium account                       89,442         76,762        89,442
                                                                               
Convertible loan note                       38,709              -        38,709
reserve                                                                        
                                                                               
Share based payments                        16,450          5,999        11,225
reserve                                                                        
                                                                               
Profit and loss account                  (676,354)      (574,622)     (635,614)
                                                                               
                                                                               
                                         (242,509)      (202,617)     (206,994)



Consolidated Cash Flow statement                                                                       
for the 6 months ended 30 June 2008                                                                       
                                                                                
                                           6 months       6 months          Year
                                              ended          ended         ended     
                                            30 June        30 June        31 Dec
                                               2008           2007          2007
                                                                                
                                        (unaudited)    (unaudited)     (audited)
                                                                                
                                                  £              £             £
                                                                                
Operating activities                                                            
                                                                                
Net cash outflow from                      (43,378)       (72,709)      (92,649)
operating activities                                                            
                                                                                
Return on investments and                                                       
servicing of finance                                                            
                                                                                
Interest receivable                              84            502           621
                                                                                
Cash outflow before                        (43,294)       (72,207)      (92,028)
management of liquid resources and                                                         
financing                                                                       
                                                                                
Financing                                                                       
                                                                                
Net cash proceeds from                            -       (12,680)             -
issue of ordinary share                                                         
capital                                                                         
                                                                                
Other long term loans                             -              -        50,000
                                                                                
                                                                                
                                                                                
Decrease in cash                           (43,294)       (84,887)      (42,028)
                                                                                
Reconciliation of operating                                                     
loss to net cash outflow                                                        
from operating activities                                                       
                                                                                
Operating loss                             (40,824)       (39,374)     (100,484)
                                                                                
(Increase)/decrease in                      (2,162)          1,312         6,044
debtors                                                                         
                                                                                
Decrease in creditors due                   (5,617)       (39,873)       (8,661)
within one year                                                                 
                                                                                
Equity-settled share-based                    5,225          5,226        10,452
payments                                                                        
                                                                                
Net cash outflow from                      (43,378)       (72,709)      (92,649)
operating activities                                                            
                                                                                
Reconciliation of net funds                                                     
                                                                                
                                       At 1 January     Cash Flows    At 30 June
                                               2008                         2008
                                                                                
                                                  £              £             £
                                                                                
Cash at bank                                 50,824       (43,294)         7,530
                                                                                
Debts falling due after                   (124,547)              -     (124,547)
more than one year                                                              
                                                                                
                                           (73,723)       (43,294)     (117,017)

Notes to the interim announcement

1 The interim accounts have been prepared in accordance with the accounting
policies set out in the annual accounts for the year ended 31 December 2007,
but they have not been audited or reviewed by the auditors.

2 The financial information in this report does not constitute full accounts as
defined by Section 240 of the Companies Act 1985. Full accounts for the year
ended 31 December 2007, which contained an unqualified Audit Report and did not
contain a statement under Section 237 of the Companies Act 1985, have been
delivered to the Registrar of Companies.

3 On the basis of these financial statements there is no tax charge for the
period.

4 The loss and number of shares used in the calculation of loss per share are
set out below:

                               6 months ended    6 months ended      Year ended
                                 30 June 2008      30 June 2007     31 Dec 2007
                                                                               
                                  (unaudited)       (unaudited)       (audited)
                                                                               
Basic and diluted:                                                             
                                                                               
Loss for the financial               (40,740)          (38,872)        (99,863)
period                                                                         
                                                                               
Weighted average of                57,848,878        57,848,878      57,848,878
ordinary shares                                                                
                                                                               
Loss per share                        (0.07)p           (0.07)p         (0.17)p

There was no dilutive effect from the warrants or options outstanding during
the period.

5 A copy of this report is available from the Company Secretary at
    Stonebridge House, Chelmsford Road Hatfield Heath, Essex CM22 7BD.
   
                                  --- ENDS---                                  

CONTACT DETAILS:

Venture Six Plc:
Gerry Desler                                          Tel: 01277 366558
Barry Gold                                            Tel: 07768 948928

Fisher Corporate Plc:
Gary Miller                                           Tel: 020 7388 7000

Gth media relations:
Toby Hall                                             Tel: 020 7153 8039
Jade Mamarbachi                                       Tel: 020 7153 8035



 The Directors of Venture Six Plc accept responsibility for this announcement. 


                                                                                                     

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