Downing Plan VCT 6 Downing Planned Exit VCT 6 PLC -3-


                                                                               - 
                                                                        realised 
 
                     GBP'000          GBP'000          GBP'000              GBP'000     GBP'000 
 
 
 
At 1 February 2012      1         8,308            75           (1,784)      150 
 
Purchase of own shares  -          (67)             -                 -        - 
 
Net gains on            -             -             -             (506)        - 
investments 
 
Transfer between        -             -             -                 -        - 
reserves 
 
Distributions paid      -         (178)             -                 -        - 
 
Retained net revenue    -             -           145                 -        - 
                       --- ------------- ------------- ----------------- ------- 
 
 
At 31 July 2012         1         8,063           220           (2,290)      150 
                       --- ------------- ------------- ----------------- ------- 
 
 
 
The  Revenue reserve, Special reserve, and Revaluation reserve are distributable 
reserves. Total distributable reserves at 31 July 2012 were  GBP5,820,000. 
 
 
 
8. The  Directors confirm that, to the  best of their knowledge, the half-yearly 
financial statements have been prepared in accordance with the "Statement: Half- 
Yearly  Financial Reports" issued  by the UK  Accounting Standards Board and the 
half-yearly  financial report includes a fair review of the information required 
by: 
 
 
 
a)  DTR 4.2.7R of the Disclosure and  Transparency Rules, being an indication of 
important events that have occurred during the first six months of the financial 
year  and  their  impact  on  the  condensed  set of financial statements, and a 
description  of  the  principal  risks  and  uncertainties for the remaining six 
months of the year; and 
 
 
 
b)  DTR 4.2.8R of  the Disclosure  and Transparency  Rules, being  related party 
transactions  that  have  taken  place  in  the  first six months of the current 
financial  year  and  that  have  materially  affected the financial position or 
performance  of the entity  during that period,  and any changes  in the related 
party transactions described in the last annual report that could do so. 
 
 
 
9. Risks and uncertainties 
 
The  Board has reviewed the principal risks and uncertainties facing the Company 
over the remainder of the financial period and concluded that the key risks are: 
 
 
 
 ·  investment risk associated  with investing in  small and immature businesses; 
and 
 
 · failure to maintain approval as a VCT. 
 
 
 
In both cases the Board is satisfied with the Company's approach to these risks. 
The  strategy  of,  where  possible,  taking  charges  over assets to secure its 
investments  helps  to  limit  any  potential  losses which could arise from the 
failure of an investee business. 
 
 
 
The  Company continually  monitors its  compliance with  the VCT regulations and 
retains  PricewaterhouseCoopers to  provide regular  reviews and  advice in this 
area. The Board considers that this approach reduces the risk of a breach of the 
VCT regulations to a minimal level. 
 
 
 
10. Going concern 
 
The  Directors have reviewed the Company's financial resources at the period end 
and concluded that the Company is well placed to manage its business risks. 
 
 
 
11. The  Board  confirms  that  it  is  satisfied  that the Company has adequate 
resources  to continue in business for  the foreseeable future. For this reason, 
the  Board believes that the Company continues to be a going concern and that it 
is  appropriate  to  apply  the  going  concern basis in preparing the financial 
statements. 
 
 
 
12. The   unaudited  condensed  financial  statements  set  out  herein  do  not 
constitute statutory accounts within the meaning of Section 434 of the Companies 
Act  2006 and have not been delivered to the Registrar of Companies. The figures 
for  the  year  ended  31 January  2012 have  been  extracted from the financial 
statements  for  that  year,  which  have  been  delivered  to  the Registrar of 
Companies; the auditors' report on those financial statements was unqualified. 
 
 
 
13. Copies  of the  unaudited half-yearly  results will  be sent to Shareholders 
shortly. Further copies can be obtained from the Company's Registered Office and 
will be available for download from www.downing.co.uk. 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Downing Planned Exit VCT 6 PLC via Thomson Reuters ONE 
[HUG#1644502]
Downing P.E.6 (LSE:DPV6)
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