Half-yearly Report

21 December 2009

                            Trafalgar New Homes PLC                            

                        (The "Company" or "Trafalgar")                         

          Interim Results for the Six Months Ended 30 September 2009           

Chairman's statement

I am pleased to announce the interim results for the period which show a small
loss helped by the fact that, after a long and protracted negotiation, we sold
the land and the part completed development of 9 terraced houses in Mitcham
Surrey, to Wandle Housing Association ("Wandle") on 17 June 2009, for the
following sums:

* Land £1,120,672.00

* Building works to date £845,430.00

* Less retentions £168,077.00

* Amount received £1,798,024.10

* Less loans redeemed to principal banker and others £1,647,282.51

In addition to the above, a separate agreement has been entered into by
Trafalgar New Homes plc to complete the development for the sum of £833,570.00,
payable upon valuation by Wandle's agents, which is currently still under
constuction.

This transaction was forced upon us due to the current economic crisis and
housing 'crash', which was compounded by the fact that Trafalgar's Principal
banker would not advance anymore money to complete the development without
guaranteed sales and a possible cash input.

The scheme will show a loss and there is a shortfall. We are in negotiations
with various creditors to persuade the parties to accept shares in lieu of
cash.

We continue to look for new business opportunities and further announcements
will be made when appropriate.


Robert Mckendrick      21 December 2009
Executive Chairman


The Directors of the issuer accept responsibility for this announcement.


For further information please contact:

Trafalgar New Homes plc 07836 722840

Andy Moore

SVS Securities plc 020 7638 5600

Alex Mattey

Trafalgar New Homes PLC



Unaudited Profit and loss account

for the six months ended 30 September 2009

                                        Six months             Six months
                                          Ended 30               Ended 30
                                         September              September
                                              2009                   2008
                                                                         
                                         Unaudited              Unaudited
                                                                         
                                                 £                      £
                                                                         
Turnover                                 2,113,144                      -
                                                                         
Cost of sales                          (2,007,771)                      -
                                       ----------------------------------                                                                         
Gross profit                               105,373                      -
                                                                         
Administrative expenses                   (73,907)               (22,055)
                                       ----------------------------------                                  
Operating Profit/(loss)                     31,466               (22,055)
                                       ----------------------------------                                  
Profit/ (Loss) on ordinary activities       31,466               (22,055)
before interest                                                          
                                                                         
Interest payable and similar charges      (34,340)               (14,616)
                                                                         
Interest receivable and similar income           -                      -
                                       ----------------------------------                                  
(Loss) on ordinary activities before       (2,874)               (36,671)
taxation                                                                 
                                                                         
Tax on loss on ordinary activities               -                      -
                                       ----------------------------------                                  
Retained loss for the financial period     (2,874)               (36,671)
                                                                         
                                       ==================================



Trafalgar New Homes PLC

Unaudited Balance Sheet

as at 30 September 2009

                                        Six months            Six months
                                          Ended 30              Ended 30
                                         September             September
                                              2009                  2008
                                         Unaudited             Unaudited
                                                                        
                                                 £                     £
                                                                        
Fixed Assets                                   415                   554
                                        --------------------------------                                 
                                               415                   554
                                                                        
Current Assets                                                          
                                                                        
Stock - WIP                                 79,796             1,471,041
                                                                        
Other Debtors                              240,596                10,802
                                                                        
Bank Account                                    50                     -
                                                                        
VAT                                          1,595                     -
                                        --------------------------------                                  
                                           322,037             1,481,843
                                                                        
Current Liabilities                                                     
                                                                        
Creditors:short term                     (225,148)             (489,715)
                                                                        
Bank Overdraft                            (59,916)              (45,943)
                                        --------------------------------                                 
                                         (285,064)             (535,658)
                                                                        
Current assets less current                 36,973               946,185
liabilities                                                             
                                                                        
Total assets less total liabilities         37,388               946,739
                                                                        
Long term liabilities                                                   
                                                                        
Bank of Ireland Loan                             -             (849,809)
                                        --------------------------------                                
Total assets less total liabilities         37,388                96,930
                                        ================================                                
Capital and Reserves                                                    
                                                                        
Share Capital                              281,968               261,828
                                                                        
Reserves                                 (241,706)             (128,227)
                                                                        
Profit and loss account                    (2,874)              (36,671)
                                        --------------------------------                                
                                            37,388                96,930
                                        ================================                                


COPIES OF INTERIM REPORT

Copies of the interim report are available from the Company's Registered Office
at 3 Caroline Court, 13 Caroline Street, St Paul's Square, Birmingham, B3 1TR.

The information in this announcement has not been reviewed by the Company's
auditor.


   D