TIDMGCAP 
 
30th September 2022 
 
                             Globe Capital Limited 
 
                      ("Globe Capital" or the "Company") 
 
           Interim Results for the six months period to 30 June 2022 
 
Globe Capital Limited is pleased to announce its unaudited interim results for 
the 6 months period to 30 June 2022. Operational costs for the period amounted 
to £35k compared to £31k for the 6 months to June 2021. 
 
The Company's investment strategy continues to be that to seek medium-to-long 
term investments in businesses that exhibit growth potential. The Company 
continues to be an active investor in situations where the Company can make a 
clear contribution to the growth and development of the investment. 
 
The Company continues to receive support from its shareholders and loan note 
holders to meet its ongoing costs. 
 
Executive Director, Burns Singh Tennent-Bhohi commented, 
 
"We are living through quite extraordinary times in global financial markets. 
The world is gripped by a myriad of complex economic & geo-political problems 
that shine light on our dependency on globalisation and how challenging 
deglobalisation and realistic closed economic models are. 
 
This palpable shift is being felt by the consumer and general public, resulting 
in an acute disconnect between monetary and fiscal policy after more than 
10-years of monetary policy dominating financial market capital inflows. 
 
Whilst the Company still progresses final elements of our corporate 
restructure, we do so knowing that the Company is well positioned to perform as 
a publicly quoted investment issuer. The Board remain in active commercial 
discussions for which the majority is inbound and should anything materialise 
the Company will update the market accordingly." 
 
Globe Capital Limited 
 
Consolidated Profit and Loss and Other Comprehensive Income 
 
Six months ended 30 June 2022 
 
                                                6 months ended 30  6 months ended 30  Year ended 
                                                        June 2022          June 2021 31 December 
                                                                                            2021 
 
                                                         GBP '000           GBP '000    GBP '000 
 
Revenue                                     -                                    -             - 
 
Cost of services                              -                                  -             - 
 
Gross Profit                                                  -                    -           - 
 
Other Income                                                    -                  -           - 
 
Administrative Expenses                                      (35)               (31)         (7) 
 
Finance Costs                                               (3)                              (6) 
                                                                               (3) 
 
Loss Before Taxation                                       (38)                 (34)        (13) 
 
Taxation                                                      -                                - 
                                                                                 - 
 
Other Comprehensive Loss                                      -                                - 
                                                                                 - 
 
Loss for the period                                        (38)                 (34)        (13) 
 
Earning / (Loss) per share 
 
Basic & Diluted (pence)                                  (0.01)p              (0.01)    (0.005)p 
                                                                          p 
 
 
Globe Capital Limited 
 
Consolidated Statement of financial position as at 30 June 2022 
 
                                                           30 June            30 June       31 December 
                                                              2022               2021              2021 
 
                                                          GBP '000           GBP '000          GBP '000 
 
Non-current assets 
 
Property, plant and equipment                                    -                  - - 
 
Goodwill                                          -                -                                - 
 
 
Financial assets at fair value through profit or                 1                 10                 8 
loss 
 
Current assets 
 
Other receivables and prepayments                              12                   8                 9 
 
Cash and cash equivalents                                       4                  23                27 
 
Other debtors and receivables                                                       -                 - 
 
Total Assets                                                  17                   41                36 
 
Current Liabilities 
 
Other payables                                                45                 145                 72 
 
Creditors: falling due after more than one year 
 
Amounts due to directors                                        71                 34                54 
 
Amounts due to a related company                                50                  -                33 
 
Other payables                                                 127                121               124 
 
Total Liabilities                                              293                300               211 
 
Net Assets                                                   (276)              (259)             (238) 
 
Shareholders' Equity 
 
Share Capital                                                  645              645                 645 
 
Reserves                                                     (921)              (904)             (883) 
 
Total Equity                                               (276)      (259)                       (238) 
 
Globe Capital Limited 
 
Consolidated Statement of Cash Flows 
 
Period ended 30 June 2022 
 
                                                          6 months          6 months  Year ended 
                                                   ended             ended           31 December 
                                                      30 June 2022      30 June 2021        2021 
 
                                                          GBP '000          GBP '000    GBP '000 
 
Loss before income tax                                        (34)              (34)        (13) 
 
Adjustment: 
 
Decrease/(Increase) in value of financial assets                 1                 -         (7) 
 
Interest expenses                                                3                 3           6 
 
Gain on financial assets                                         -               (9)           - 
 
Non cash transactions written off                                -                 -        (30) 
 
Operating loss before working capital changes                 (30)              (40)        (44) 
 
Changes in working capital: 
 
Other receivables and prepayments                              (3)               (1)         (1) 
 
Other payables                                                (24)                37        (28) 
 
Amounts due to directors                                         -                10           - 
 
Amounts due to shareholders                                      -                 -           - 
 
Net cash used in operating activities                            -                 6           - 
 
Cash flows from investing activities 
 
Other loan repayments                                            -                 -        (18) 
 
Increase in loans receivable                                     -                 -          20 
 
Increase in loans from related parties                          17                 -          32 
 
Increase in directors' loan                                     17                 -          48 
 
Interest received                                                -                 -           - 
 
Net cash from investing activities                              34                 -          83 
 
Increase in cash and cash equivalents                         (23)                 6          10 
 
Cash and cash equivalents at the beginning of the               27                            17 
period                                                                    17 
 
Cash and cash equivalents at end of period                       4                23          27 
 
Cash at Bank C/F                                                 4                23          27 
 
The financial information set out above has not been reviewed or audited by the 
company's auditors. 
 
Basic and diluted profit per share is calculated by dividing the loss for the 
period of £38,000 (2021: loss £34,000) by the weighted average number of 
ordinary shares of 255,919,752 (2021: 255,919,752). 
 
The directors of Globe Capital Limited accept responsibility for this 
announcement. 
 
For further information 
 
Globe Capital Limited 
 
Darren Edmonston 
 
Tel: +44 (0) 1279 635511 
 
CORPORATE ADVISER AND CONTACT DETAILS: 
 
Peterhouse Capital Limited 
 
Guy Miller / Anwyl 
 
Tel: +44 (0) 207 469 0930 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 30, 2022 11:36 ET (15:36 GMT)

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