Welney plc
ISDX : WENP

November 30, 2015 11:22 ET

Final Results - Year ended 30 June 2015

                                            WELNEY PLC
                                    ("Welney" or the "Company")
                                                 
                                      Unaudited Final Results

Chairman's Statement

The  Directors  have  spent considerable time resolving the Company's  problems  with  a  view  to
stabilising  the  Company and providing a platform which could provide an opportunity  for  future
growth.

The  recent  year  has seen a good deal of change in the company with the sale  of  our  stake  in
Aircraft  Recycling  and  one  of  the  subsidiary  companies  Blaze  and  Barney.  Leaving  Metro
Environmental Ltd and a small shareholding of GACR the Nasdaq listed company which held a stake in
Powabyke our former electric bike business.

Metro  Environmental  has  two  options one with an Environment  Agency  approved  tyre  recycling
business  Mitre Rubber Ltd and another with a specialist cleaning company Cleanbrite  Facilitation
Ltd.   The  Directors  are currently in talks with both companies to ascertain  the  viability  of
proceeding with these options.

The  Board  is  also  looking  at  other business to business opportunities  and  will  revert  to
shareholders in due course.

The  Company is also in discussions with various parties to secure new investment, in the meantime
the Directors will keep costs to a minimum.


Luca Tenuta
Chairman
Welney plc

30 November 2015



PROFIT AND LOSS ACCOUNT
for the year ended 30 June 2015
                                                                             2015             2014
                                                                               £                £
Administrative expenses                                                    (56,952)         (75,278)

Loss on disposal of investment                                                 -           (218,669)

Reversal of impairment/(impairment) of investment                           50,000       (1,025,575)
                                                                           -------        ---------
Operating loss                                                              (6,952)      (1,319,522)

Interest charge                                                               (855)           -
            
Reversal of interest charge                                                    -             11,179
                                                                           -------        ---------
Loss on ordinary activities before taxation                                 (7,807)      (1,308,343)

Tax on loss on ordinary activities                                             -              -
                                                                           -------        ---------
Loss for the year                                                           (7,807)      (1,308,343)
                                                                           =======        =========  

Earnings per share (pence)                                                                         

Basic and diluted loss per share                                          (0.001)p         (0.108)p
                                                                                                   

The  profit  and  loss account has been prepared on the basis that all operations  are  continuing
operations.

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



BALANCE SHEET
as at 30 June 2015
                                                                            2015              2014
                                                                              £                 £
Fixed assets                                                                                      
Investments                                                                 2,675             2,675
                                                                          -------           -------
                                                                            2,675             2,675
Current assets 
                                                                                   
Debtors                                                                   105,850             5,850
Cash at bank and in hand                                                    3,032               173
                                                                          -------          --------
                                                                          108,882             6,023
Creditors: Amounts falling due within one year                            (66,853)          (57,042)
                                                                          -------          --------
Net current assets/(liabilities)                                           42,029           (51,019)
                                                                          =======          ========  

Creditors greater than one year
                                                                  
Convertible loan notes                                                    (90,141)            -  
                                                                          -------          --------
Net liabilities                                                           (45,437)          (48,344)
                                                                          =======          ========  
Capital and reserves
                                                                              
Called up share capital                                                 1,545,511         1,545,511
Share premium                                                           1,562,336         1,562,336
Loan note holders reserve                                                  10,714             -             
Share option reserve                                                      132,240           132,240
Profit and loss account                                                (3,296,238)       (3,288,431)
                                                                        ---------         ---------
Shareholders' deficit                                                     (45,437)          (48,344)
                                                                        =========         =========                 
                                                                                                             

The  financial information contained in this announcement has not been audited. The  Company  does
not declare a dividend for the period.

                                             --ENDS--

The Directors of the Company accept responsibility for this announcement.
Enquiries:

Welney Plc
Luca Tenuta
Tel:  078 3018 2501

Alfred Henry Corporate Finance Limited
Nick Michaels and Jon Isaacs
www.alfredhenry.com
Tel:  +44 (0) 20 7251 3762



Contact Information

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