Final Results

Embargoed: 19th April 2006, 07:00hrs

                       International Brand Licensing Plc                       

                           ("IBL" or the "Company")                            

               Final Results to the year ended 31 December 2005                

Chairman's Statement

Highlights:

  * Turnover for the year ended 31 December 2005 increased by £1,026,000 to £
    3,261,000 (2004: £2,235,000)
   
  * Profit on ordinary activities before tax improved by £1,482,000 to a profit
    of £977,000 (2004: loss of £505,000)
   
  * A gain of £475,000 was made on the sale of the Mountain Equipment
    trademarks
   
  * Record sales of England replica kit and substantial growth opportunities
    ahead
   
For the year ended 31st December 2005 I am delighted to report a substantial
turnaround in the Group's fortunes. 2005 was a year of consolidation, cutting
overheads, improving gross margin, eliminating debt, and producing a full year
profit for the first time in the Group's history.

The 45% increase in turnover is attributable to the exceptional sales of the
Admiral England cricket replica kit that increased by 90% to a record level of
£2,525,000 for the year. Boosted by England's tremendous Ashes win over
Australia, the Admiral brand enjoyed unprecedented visibility throughout the
year, and this continued unabated this winter, culminating in the marvellous
third Test victory over India in March 2006.

With the return Ashes Series in Australia this winter, followed by the ICC
Cricket World Cup in the Caribbean and the India UK tour next summer, the level
of exposure that will continue to be generated for Admiral will further enhance
the profile and brand value for the future.

Against a backdrop of difficult trading conditions in the UK retail sector that
failed to recover through the year, Admiral sales at ASDA were some 15% down on
2004. Certain product categories such as footwear and sports equipment
continued to perform well, but clothing suffered due to the heavy discounting
that plagued the UK market for much of the year. With the FIFA World Cup Finals
in Germany this summer we expect Admiral's first half clothing sales at ASDA to
show an overall improvement on 2005.

In December the Company entered into a new strategic alliance with @miral BV,
its licensee for Benelux, Germany, and Austria. As part of a new ten year
license agreement for this key central European territory, @miral will use its
extensive design, development, and marketing resources to develop seasonal
programmes on an annual basis for IBL's network of international licensees.

The Company continues to seek Admiral licensee partners in other major
international markets, particularly in several of the developing Asian
economies where a significant amount of work has been undertaken. Negotiations
in certain markets are progressing well, and focus will continue to be applied
on untapped potential for the Admiral brand where opportunities for future
growth are substantial.

IBL is now in a strong position to further enhance shareholder value. The
Admiral brand continues to grow around the world, and as kit sponsors to the
England and West Indies cricket teams we believe we have substantial
opportunities in the years ahead. Your Board looks forward to the future with
great confidence.

ADAM REYNOLDS
Chairman
19th April 2006


For further information please contact:

Adam Reynolds
Paul Foulger
International Brand Licensing plc
Tel: [phone]

Katie Ratner/John Prior
Corporate Synergy
Tel: [phone]


Group Profit and Loss Account
For the year ended 31 December 2005

                                                             2005       2004
                                                             £000       £000
                                                                            
Turnover                                                    3,261      2,235
                                                                            
Cost of sales                                             (1,286)      (561)
                                                                            
Gross Profit                                                1,975      1,674
                                                                            
Administrative expenses                                   (1,402)    (1,963)
                                                                            
Operating Profit/(Loss)                                       573      (289)
                                                                            
Exceptional profit on sale of intangible                      475          -
asset                                                                       
                                                                            
Interest receivable                                             6          -
                                                                            
Interest payable                                             (77)      (216)
                                                                            
Profit/(Loss) on ordinary activities before                   977      (505)
tax                                                                         
                                                                            
Tax on profit on ordinary activities                        (142)       (84)
                                                                            
Retained Profit/(Loss) for the year                           835      (589)
                                                                            
Earnings/(Loss) per ordinary share                                          
                                                                            
Before exceptional items                                                    
                                                                            
- Basic                                                      1.1p     (1.9p)
                                                                            
- Diluted                                                    1.1p     (1.9p)
                                                                            
After exceptional items                                                     
                                                                            
- Basic                                                      2.5p     (1.9p)
                                                                            
- Diluted                                                    2.5p     (1.9p)



Group statement of total recognised gains and losses
For the year ended 31 December 2005

                                                           2005          2004
                                                           £000          £000
                                                                             
Profit/(Loss) for the year                                  835         (589)
                                                                             
Exchange differences                                      (236)            28
                                                                             
Total recognised gains and losses relating to the           599         (561)
year                                                                         



Group balance sheet
at 31 December 2005

                                                           2005          2004
                                                           £000          £000
                                                                             
Fixed assets                                                                 
                                                                             
Intangible assets                                         3,471         5,952
                                                                             
Tangible assets                                               9            15
                                                                             
                                                          3,480         5,967
                                                                             
Current assets                                                               
                                                                             
Stock                                                       252           217
                                                                             
Debtors                                                     828           364
                                                                             
Cash at bank and in hand                                    283           109
                                                                             
                                                          1,363           690
                                                                             
Creditors: amounts falling due within one year          (1,129)       (3,542)
                                                                             
Net current assets/(liabilities )                           234       (2,852)
                                                                             
Total assets less current liabilities                     3,714         3,115
                                                                             
Capital and reserves                                                         
                                                                             
Share capital                                               333           333
                                                                             
Share premium                                             3,048         3,048
                                                                             
Merger reserve                                              244           244
                                                                             
Profit and loss account                                      89         (510)
                                                                             
Shareholders' funds                                       3,714         3,115



Group statement of cash flows
At 31 December 2005

                                                           2005          2004
                                                           £000          £000
                                                                             
Net cash inflow/(outflow) from operating activities         111         (430)
                                                                             
Returns on investments and servicing of finance                              
                                                                             
Interest paid                                              (80)         (224)
                                                                             
Interest received                                             6             -
                                                                             
Taxation                                                                     
                                                                             
UK Tax paid                                                (59)         (198)
                                                                             
Foreign taxes received                                       48             -
                                                                             
Capital expenditure and financial investment                                 
                                                                             
Purchase of intangible fixed assets                        (37)          (82)
                                                                             
Capital Income                                                               
                                                                             
Sale of intangible fixed assets                           2,772             -
                                                                             
Net cash inflow/(outflow) from capital expenditure        2,735          (82)
                                                                             
and financial investment                                                     
                                                                             
Net cash inflow/(outflow) before financing                2,761         (934)
                                                                             
Financing                                                                    
                                                                             
Repayment of bank borrowing                             (2,563)         (250)
                                                                             
Issue of ordinary shares                                      -         1,329
                                                                             
Less expenses of issue                                        -         (111)
                                                                             
Net cash (outflow)/inflow from financing                (2,563)           968
                                                                             
Increase in cash in the year                                198            34

The financial information set out in this announcement does not constitute
statutory accounts within the meaning of Section 240 of the Companies Act 1985.
Statutory accounts for the period ended 31 December 2005, containing an
unqualified auditors' report will be filed with the Registrar of Companies.

The Directors do not propose a payment of a dividend.

This preliminary statement was approved by the Board on 19 April 2006