Half-yearly Report

31 October 2014 LIMITLESS EARTH PLC ("Limitless" or the "Company") UNAUDITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 31 JULY 2014 The Company is pleased to announce its half-yearly result for the six months to 31 July 2014. CHIEF EXECUTIVES' STATEMENT Limitless Earth plc was admitted on AIM on 12 May 2014 raising £3,005,000. Limitless is a proactive investment company that focuses on making investments in and assisting companies that show the potential to generate returns through capital appreciation. It is the view of directors to invest in small companies where there are clear routes to value appreciation, and, the companies are operating in sectors with long term growth prospects that are driven by demographic change. Examples of such sectors include Cleantech, Life Sciences and Technology. The Board is focused on making sure it makes the right investment in the right sector at the right time. It has looked carefully at more than twenty investment opportunities in the first months of operations and has engaged advisers on one investment in the Life Sciences area where discussions with management are ongoing. In the second half of the financial year, the Board will continue to pay particular attention to companies in Life Sciences arena including health & wellness and food supply companies, and, businesses that benefit from changing consumption habits as a result of changing demographics and socio-economic factors. The Board understands that cost control is important at all times and particularly pre-investment. On behalf of the shareholders, the directors carefully keep operating costs to a minimum to preserve shareholder value. For the period, Limitless made a net loss on operations of £175,806. This included the cost of the listing process, which was £168,000. The unaudited balance sheet reflects the cash and cash equivalents at the reporting date of £ 2,841,954. The period under review covers two and a half months of trading on AIM. This initial period has seen progress made in defining the initial investment focus areas and reviewing a number of available investment opportunities and management teams. Limitless continues to develop its pipeline of possible investments and is well placed to enter its investment phase which the directors look forward to with confidence. For further information, please contact: Limitless Earth plc www.limitlessearthplc.com Dominic White +44 7972 000 093 Cairn Financial Advisers LLP +44 20 7148 7900 Nominated Adviser www.cairnfin.com Jo Turner/Liam Murray Global Investment Strategy Limited +44 20 7048 9400 Joint Broker www.gisukltd.com John Gunn Peterhouse Corporate Finance Limited +44 20 7469 0930 Joint Broker www.pcorpfin.com Peter Greensmith About LIMITLESS EARTH PLC Limitless Earth plc is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation. Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change. Examples of such sectors include Cleantech, Life Sciences and Technology. STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 JULY 2014 Notes Unaudited 31/07/2014 Continuing operations £ Administration expenses (175,806) Operating loss (175,806) Loss before taxation (175,806) Taxation - Loss for the financial position (175,806) Total Comprehensive income for the period (175,806) Loss attributable to: Equity Holders (175,806) Earnings per share: Basic loss per share 3 (0.0027) STATEMENT OF FINANCIAL POSITION Unaudited 31 JULY 2014 31/07/2014 £ Current assets Trade and other receivables - Cash 2,841,954 2,841,954 Total Assets 2,841,954 Current Liabilities Trade and other payables (22,035) Net Assets 2,819,919 Equity Share Capital 601,000 Share Premium Account 2,394,725 Retained Earnings (175,806) Total Equity 2,819,919 CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 JULY 2014 Unaudited 31/07/ 2014 £ Cash flows from operating activities Operating loss (175,806) Operating cash flows before movement in working capital (175,806) Decrease/(Increase) in receivables - Increase in payables 22,035 Cash expended by operations (153,771) Cash flows from financing activities Proceeds from issue of ordinary shares (net of expenses) 2,995,725 Net cash inflow from Financing activities 2,995,725 Net increase in cash 2,841,954 Cash at the beginning of period - Cash at the end of the period 2,841,954 STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 JULY 2014 Share capital Share Premium Retained Earnings Total £ £ £ £ Total Comprehensive income - - (175,806) (175,806) Issue of share capital 601,000 2,394,725 - 2,995,725 Balance at 31 July 2014 601,000 2,394,725 (175,806) 2,819,919 NOTES TO THE FINANCIAL STATEMENTS General Information Limitless Earth plc is a company incorporated and domiciled in England and Wales. The Company's ordinary shares are traded on AIM of the London Stock Exchange. The address of the registered office is 30 Percy Street, London W1T 2DB. The principal activity of the Company is that of an investment company pursuing a strategy that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Limitless invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change. 2. Accounting policies The principal accounting policies are summarised below. They have all been applied consistently throughout the period covered by these financial statements. Basis of preparation The interim financial information set out above does not constitute statutory accounts within the meaning of the Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS) as adopted by the European Union. The financial statements have been prepared under the historical cost convention. The interim financial information for the six months ended 31 July 2014 has not been reviewed or audited. The interim financial report has been approved by the Board on 29 October 2014. As the Company was newly incorporated prior to Admission to AIM, the period under review represents the first period of trading for the Company. As such, no prior financial information exists for comparison. Critical accounting estimates The preparation of interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the end of the reporting period. 3. Loss per share The basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is computed using the same weighted average number of shares during the period adjusted for the dilutive effect of share warrants and convertible loans outstanding during the period. Unaudited 31/07/2014 The calculations of the basic and diluted earnings per share are based on the following: Loss for the year (175,806) Number of shares 65,400,000 Number of Warrants in issue 4,578,000 Fully diluted number of ordinary shares 69,978,000 Basic loss per share (pence per share) (0.0027) Diluted loss per share (pence per share) (0.0025) IAS 33 requires presentation of diluted earnings per share when a company could be called upon to issue shares that would decrease earnings per share or increase net loss per share. For a loss making company with outstanding share options and warrants, net loss per share would only be increased by the exercise of out-of-the money options and warrants. Since it seems inappropriate that option holders would act irrationally, no adjustment has been made to diluted earnings per share for out-of-the money options and warrants in the comparatives. There are no other diluting share issues.

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