Final Results

For immediate release: 2 May 2006

                              BUCKLAND GROUP PLC                               

                  ("Buckland," the "Company" or the "Group")                   

                      PRELIMINARY ANNOUNCEMENT OF RESULTS                      

                     FOR THE YEAR ENDED 31st DECEMBER 2005                     

  * Group restructuring complete
   
  * Increased sales to £3,443,290 (2004: 2,957,083)
   
  * Two thirds of £683,042 operating loss before goodwill amortisation relates
    to discontinued operations and is therefore non-recurring
   
  * Transfer of all remaining UK operations to Company's Bangkok manufacturing
    facility scheduled within 10 weeks
   
  * Restructured and re-located group expected to generate significant profits
    in the second half of current year and beyond
   
Chairman's statement for the year ended 31 December 2005

I present the financial results for Buckland Group plc for the year ended 31
December 2005. During the year we undertook a fundamental restructuring of the
group's activities, closing the loss-making connectors business, reducing
significantly the cost base of the continuing operations in Thailand, and
acquiring DK Gas Components and commencing its transfer from the UK to Bangkok.
These actions have incurred a number of non-recurring costs which have
materially affected the 2005 results but following the restructuring, the group
is expected to generate significant profits in the second half of 2006 and
beyond.

The group results for 2005 show an operating loss, before amortisation of
goodwill and reorganisation costs, of £ 683,042, of which £ 440,102 relates to
discontinued operations ( 2004: loss £ 443,061 ). Sales for the year were £
3,443,290 (2004: £ 2,957,083). After amortisation of goodwill, reorganisation
costs and interest, the loss before tax was £ 1,024,951 ( 2004: £ 488,376) The
loss per share was 0.26p compared with a loss of 0.26p in 2004. No dividend is
proposed.

Review of Derlite, DK Gas Components and Euro Asia Connectors (`EAC')

Although 2005 was a very difficult year for the Group's Thai operations, all
the necessary actions have now been taken to return the business to
profitability . Last July we stopped making connectors for the consumer
electronics industry, laid off the workforce of EAC and organised the
realisation of that company's assets and liabilities. By the year end this
process had been largely completed, with the few remaining outstanding issues
being provided for in the 2005 accounts. In total the loss attributable to EAC
in 2005 was £ 440,102.

In parallel with the closure of EAC, we have reduced the overall costs of
running the Thai facility by cutting total employee numbers to 128 at the year
end ( 2004: 358 ) and by surrendering the lease on half the factory space. This
resource level is sufficient to cope with the current manufacturing volumes of
Derlite and to absorb all the activities of DK Gas Components as their transfer
from the UK is completed.

As already advised to shareholders, we acquired the business of DK Gas
Components in February 2005. Our strategy is to transfer all its production to
Thailand and from that reduced cost base to seek to grow its sales and product
range in tandem with those of Derlite, the two businesses being highly
complementary. The transfer of DK Gas has been planned in three phases: the
first commenced last September and was completed before the year end; the
second phase began in January and has recently been completed successfully and
the final phase will be completed by the end of June. At that time the Redditch
factory will close and the group's UK operations thereafter will comprise a
small team to service the sales, technical support and logistics requirements
for Derlite and DK Gas in Europe.

Once the transfer of manufacturing is completed, the sharp reduction in DK Gas'
personnel costs and overheads will result in an annual saving of some £ 600,000
on its combined cost of sales and administrative expenses, which in 2005
totalled £ 2,143,280. A re-organisation charge of £ 99,410 has been taken in
the 2005 accounts to cover redundancy and other costs associated with the
closure of the Redditch facility. The rationalisation of our Thai operations
means that administrative expenses from continuing operations of £ 720,579 in
2005 are expected to reduce to around £ 600,000 pa on a like-for-like basis in
2006.

Derlite and DK Gas maintained their market shares in 2005 but sales volumes'
were running slightly lower in the closing months of last year compared with
2004, as declining consumer confidence in our major markets of the UK and the
USA led to lower sales of cooking appliances, the most important market segment
for our products. Sales so far in 2006 have been running at the same underlying
rate as the second half of last year.

Both Derlite and DK Gas have made progress in developing new products,
particularly for the gas water heater market, and it is expected that these
will start to make a more significant contribution in the second half of 2006.

Balance sheet

In February 2005, 214,000,000 shares were issued to finance the acquisition of
DK Gas and a further 387,399,220 shares were issued last December to provide
additional working capital for the group and to pay off various outstanding
loans and other liabilities. As a result shareholders funds' at the year end
stood at £ 463,714.

The Directors have decided that the goodwill arising on the acquisition of DK
Gas should be amortised over a ten year period and in addition have decided to
write the Derlite goodwill off over ten years. Derlite's goodwill had
previously been amortised over twenty years. The effect of this change has been
to incur an additional charge for the year of £ 39,168. The total goodwill
amortisation charge for 2005 was £ 171,450 ( 2004: £ 17,875 ).

The heavy losses incurred in 2005 together with increased working capital
requirements to finance goods in transit between Thailand and Europe mean that
the group's liquidity position remains under pressure. The Directors are
currently examining the options for covering the anticipated additional funding
requirements by a combination of additional bank borrowings, loans and the
issue of new equity, in which the Directors would participate.

Outlook

Based on current internal forecasts, we expect that the Group should be
profitable in the second half of 2006; the first half of the year will see a
further, very much reduced loss as we incur the final costs of running parallel
production facilities in Redditch and Bangkok.

The prospects for the Group once the transfer of all manufacturing to Thailand
is completed remain very positive.

Patrick Rogers

Chairman

2 May 2006

For further information please contact,

Patrick Rogers,

Chairman

Tel. [phone]

Ben Simons

Hansard Communications

Tel. [phone]

Consolidated profit and loss account for the year ended 31 December 2005

                Note Continuing  Acquired     Discontinued  Year ended   Year ended 
                     operations  Operations   operations    31 December  31 December
                                                            2005         2004       
                                                                                    
                                                            (Unaudited)  (Audited)  
                                                                                    
                                                            £            £          
                                                                                    
Turnover             1,120,908   1,984,775    337,607       3,443,290    2,957,083  
                                                                                    
Cost of sales        (771,849)   (1,513,893)  (668,676)     (2,954,418)  (2,458,683)
                                                                                    
Gross profit/        349,059     470,882      (331,069)     488,872      498,400    
(loss)                                                                              
                                                                                    
Administrative       (720,579)   (629,387)    (156,646)     (1,506,612)  (1,029,754)
expenses                                                                            
                                                                                    
Other operating      16,225      -            47,613        63,838       70,418     
income                                                                              
                                                                                    
Operating            (280,369)   37,429       (440,102)     (683,042)    (443,061)  
(loss)/profit                                                                       
before                                                                              
amortisation of                                                                     
goodwill                                                                            
                                                                                    
Amortisation of      (74,926)    (96,524)     -             (171,450)    (17,875)   
Goodwill                                                                            
                                                                                    
Reorganisation  2    -           (99,410)     -             (99,410)     -          
costs                                                                               
                                                                                    
Operating loss       (355,295)   (158,505)    (440,102)     (953,902)    (460,936)  
on ordinary                                                                         
activities                                                                          
before interest                                                                     
                                                                                    
Interest                                                    218          97         
receivable                                                                          
                                                                                    
Interest                                                    (71,267)     (27,537)   
payable and                                                                         
similar charges                                                                     
                                                                                    
Loss on                                                     (1,024,951)  (488,376)  
ordinary                                                                            
activities                                                                          
before taxation                                                                     
                                                                                    
Tax on loss on  4                                           -            -          
ordinary                                                                            
activities                                                                          
                                                                                    
Loss                                                        (1,024,951)  (488,376)  
transferred to                                                                      
reserves                                                                            
                                                                                    
Loss per                                                                            
ordinary share:                                                                     
                                                                                    
Basic           3                                           (0.26p)      (0.26p)    

Consolidated statement of total recognised gains and losses and

consolidated reconciliation of movements in shareholders' funds

for the year ended 31 December 2005

                                                     Year ended    Year ended  
                                                     31 December   31 December 
                                                     2005          2004        
                                                                               
                                                     (Unaudited)   (Audited)   
                                                                               
                                                     £             £           
                                                                               
Consolidated statement of total recognised gains and                           
losses                                                                         
                                                                               
Loss for the year                                    (1,024,951)   (488,376)   
                                                                               
Exchange translation loss on foreign currency        24,366        (53,887)    
net investments in subsidiary undertakings                                     
                                                                               
Total recognised gains and losses for the year       (1,000,585)   (542,263)   
                                                                               
Consolidated reconciliation of movements in                                    
shareholders' funds                                                            
                                                                               
Total recognised gains and losses                    (1,000,585)   (542,263)   
                                                                               
New ordinary share capital subscribed for and        1,414,497     -           
allotted in the period,                                                        
including share premium (net of expenses)                                      
                                                                               
Net reduction in equity shareholders' funds          413,912       (542,263)   
                                                                               
Opening equity shareholders' funds                   49,802        592,065     
                                                                               
Closing equity shareholders' funds                   463,714       49,802      
                                                                               

Consolidated balance sheet at 31 December 2005

                           Note  At                        At                      
                                 31 December 2005          31 December 2004        
                                                                                   
                                 (Unaudited)               (Audited)               
                                                                                   
                                 £            £            £            £          
                                                                                   
Fixed assets                                                                       
                                                                                   
Intangible assets                             1,247,852                 318,313    
                                                                                   
Tangible assets                               256,791                   173,382    
                                                                                   
                                              1,504,643                 491,695    
                                                                                   
Current assets                                                                     
                                                                                   
Stocks                           425,052                   423,088                 
                                                                                   
Debtors                          937,668                   331,243                 
                                                                                   
Cash at bank and in hand         29,717                    37,298                  
                                                                                   
                                 1,392,437                 791,629                 
                                                                                   
Creditors: amounts falling       (2,324,585)               (1,206,754)             
due                                                                                
within one year                                                                    
                                                                                   
Net current liabilities                       (932,148)                 (415,125)  
                                                                                   
Total assets less current                     572,495                   76,570     
liabilities                                                                        
                                                                                   
Creditors: amounts falling                    (9,371)                   (26,768)   
due                                                                                
after more than one year                                                           
                                                                                   
Provision for liabilities                     (99,410)                  -          
and charges                                                                        
                                                                                   
                                              463,714                   49,802     
                                                                                   
Capital and reserves                                                               
                                                                                   
Called up share capital                       3,526,492                 2,417,752  
                                                                                   
Share premium account                         1,041,532                 735,775    
                                                                                   
Profit and loss account                       (4,104,310)               (3,103,725)
                                                                                   
Equity shareholders' funds                    463,714                   49,802     
                                                                                   

Consolidated cash flow statement for the year ended 31 December 2005

                                               Note   Year ended    Year ended 
                                                      31 December   31 December
                                                      2005          2004       
                                                                               
                                                      (Unaudited)   (Audited)  
                                                                               
                                                      £             £          
                                                                               
Net cash (outflow)/inflow from operating              (657,039)     47,226     
activities (see below)                                                         
                                                                               
Returns on investments and servicing of               (71,049)      (27,440)   
finance                                                                        
                                                                               
Taxation                                              -             (2,066)    
                                                                               
Acquisitions                                          (1,254,243)              
                                                                               
Capital expenditure                                   24,689        (62,927)   
                                                                               
Cash outflow before management of liquid              (1,957,642)   (45,207)   
resources and financing                                                        
                                                                               
Financing                                             1,904,218     8,166      
                                                                               
Decrease in cash                                      (53,424)      (37,041)   
                                                                               
Reconciliation of net cash flow to movement in                                 
net debt                                                                       
                                                                               
Decrease in cash in the period                        (53,424)      (37,041)   
                                                                               
Cash outflow from decrease in debt                    (489,721)     (8,166)    
                                                                               
Change in net debt resulting from cash flows          (543,145)     (45,207)   
                                                                               
Exchange movement                                     1,719         (6,653)    
                                                                               
Movement in net debt in the period                    (541,426)     (51,860)   
                                                                               
Opening net debt                                      (289,102)     (237,242)  
                                                                               
Closing net debt                                      (830,528)     (289,102)  
                                                                               
Reconciliation of operating loss to net                                        
cash inflow/(outflow) from operating                                           
activities                                                                     
                                                                               
Operating loss                                        (953,902)     (460,936)  
                                                                               
Depreciation and impairment                           176,532       191,095    
                                                                               
Amortisation of goodwill                              171,450       17,875     
                                                                               
Reorganisation costs                                  99,410        -          
                                                                               
Profit on sale of fixed assets                        (100,660)     (560)      
                                                                               
Decrease in stocks                                    317,464       48,558     
                                                                               
(Increase)/decrease in debtors                        (606,425)     250,627    
                                                                               
Increase/ in creditors                                228,590       30,782     
                                                                               
Other non cash operating adjustment                   10,502        (30,215)   
                                                                               
Net cash inflow/(outflow) from operating              (657,039)     47,226     
activities                                                                     
                                                                               

Notes to the cash flow statement

(a) Gross cash flows                                    31 December 31 December
                                                        2005        2004       
                                                                               
                                                        (Unaudited) (Audited)  
                                                                               
                                                        £           £          
                                                                               
Returns on investments and                                                     
servicing of finance                                                           
                                                                               
Interest received                                       218         97         
                                                                               
Interest paid                                           (71,267)    (27,537)   
                                                                               
                                                        (71,049)    (27,440)   
                                                                               
Capital expenditure                                                            
                                                                               
Payments to acquire tangible fixed                      (160,945)   (63,607)   
assets                                                                         
                                                                               
Receipts from sale of tangible                          185,634     680        
fixed assets                                                                   
                                                                               
                                                        24,689      (62,927)   
                                                                               
Financing                                                                      
                                                                               
New ordinary share capital net of                       1,414,497   -          
expenses                                                                       
                                                                               
Increase in bank loans and                              483,942     14,058     
other borrowings                                                               
                                                                               
Increase/(repayment) of finance                         5,779       (5,892)    
leases                                                                         
                                                                               
                                                        1,904,218   8,166      

   (b) Analysis of              At          Cash        Exchange    At         
 changes in net debt                                    movement               
                                1 January   Flow                    31 December
                                                        (Unaudited) 2005       
                                2005        (Unaudited)                        
                                                                    (Unaudited)
                                (Audited)                                      
                                                                               
                                £           £           £           £          
                                                                               
Cash in hand and at             37,298      (9,055)     1,474       29,717     
bank                                                                           
                                                                               
Bank overdrafts                 (409)       (44,369)    -           (44,778)   
                                                                               
                                36,889      (53,424)    1,474       (15,062)   
                                                                               
Bank loans and                                                                 
                                                                               
Other borrowings                (300,918)   (483,942)   1,168       (783,693)  
                                                                               
Finance leases                  (25,073)    (5,779)     (923)       (31,774)   
                                                                               
Net (debt)                      (289,102)   (543,145)   1,719       (830,528)  

Notes to the preliminary announcement for the year ended 31 December 2005

1. Going concern

The Directors have reviewed the profit and loss and cash flow projections for
the Group for the twelve months ending 30 April 2007. Based on current
forecasts and assumptions, the Directors anticipate that there will be a
funding requirement, in excess of banking and loan facilities already in place,
during this period.

The Directors are currently examining the options for covering this anticipated
shortfall by a combination of additional bank borrowings, shareholders' loans
and additional equity funding. The Directors are of the opinion that adequate
additional facilities will be forthcoming to cover this requirement and
therefore, at the time of issuing this preliminary announcement, there is a
reasonable expectation that the Group will continue in operational existence
for the foreseeable future. In view of this, the directors believe that it
remains appropriate to prepare the financial statements on a going concern
basis.

This preliminary announcement does not include any adjustments that would
result from the going concern basis of preparation being inappropriate.

2. Reorganisation costs

As announced in December 2005, the Group is in the process of relocating all of
its UK manufacturing operations to Thailand. The reorganisation costs of £
99,410 comprise the costs of a redundancy programme and the costs of
transferring plant and equipment.

3. Loss per share

The calculations of basic loss per share are based on the loss for the year
attributable to ordinary shareholders of £ 1,024,951 (2004: loss £488,376) and
the weighted average number of shares in issue during the year of 393,618,826
(2004:190,779,408).

4. Taxation

There is no taxation charge for the year due to the availability of eligible
losses.

5. The financial information set out in the announcement does not constitute
the company's statutory accounts for the years ended 31 December 2005 or 2004,
but is derived from those accounts. Statutory accounts for 2004 have been
delivered to the Registrar of Companies and those for 2005 will be delivered
following the Company's annual general meeting. The previous auditors have
reported on the 2004 accounts; their reports' were unqualified and did not
contain statements under the Companies Act 1985, s237(2) or (3).