The difficulties caused by the destruction of documentation and the disruptive effect of the termination of the two problem contracts have continued to delay the finalisation of the Annual Report for the year ended 30 June 2016. The directors confirm that they will release the results at the earliest possible opportunity, which they recognise is in everyone's interests.

As the work of finalising the 2016 Annual Report has been progressing, preparation of the Interim Statement to 31 December 2016 has been proceeding in tandem. Interim results are always unaudited, but, on this occasion, the Directors have elected to ask our Auditors to carry out a review of the Interim Statement and their report (which does not constitute an audit) will be included when the results are released, which will be by 31 March 2017.

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