Interim Results

Braime (T.F.& J.H.) (Hldgs) PLC
20 September 2006


Sales of £5.21m for the first six months of 2006 were almost unchanged compared
to the same period of 2005 (£5.14m).  However, the operating loss increased from
£104,000 in 2005 to £225,000 in 2006 and after adjusting for finance costs, the
net group loss increased from £81,000 to £218,000. The directors have decided
that, in these circumstances, it is not possible to pay an interim dividend.

The unsatisfactory result is due to the continuing losses sustained by our
manufacturing business.

During the first half of 2006, a significant restructuring program, regrettably
including redundancies, has been undertaken to reduce the overhead costs of
Braime Pressings Limited.  Two substantial long term contracts for new presswork
have been secured.  Supplies to one of the new customers began in mid July.  In
the case of the second customer, tooling orders were placed in early September
and production is due to commence in March/April 2007.  The combined effect of
the reduction in our overhead costs and the contribution from the additional
work will return the group to profit in 2007, providing the other subsidiaries
continue to trade satisfactorily.


  Condensed Consolidated Income Statement for the period ended 30th June 2006

                                                            Note          2006           2005
                                                                             £              £
                                                                                 As re-stated

Sales revenue                                                        5,210,460      5,140,165

Operating loss                                                        (224,932)      (103,557)
Finance costs                                                         (140,514)      (111,740)
Finance income                                                         147,204        134,632

Result for the period before tax                                      (218,242)       (80,665)
Tax expense                                                                  -              -

Net result for the period                                             (218,242)       (80,665)

Basic loss per share                                                   (15.16p)        (5.60p)



Condensed Consolidated Statement of Recognised Income and Expense for the period
ended 30th June 2006
                                                                    Six months      Six months
                                                                  to 30th June    to 30th June
                                                                          2006            2005

Exchange difference on translation of foreign operations                (8,152)          2,792

Net income recognised in equity                                         (8,152)          2,792
Loss for period                                                       (218,242)        (80,665)
Total recognised income and expense for the period                    (226,394)        (77,873)

Attributable to:
Equity holders of T.F. & J.H. Braime (Holdings) P.L.C.                (226,394)        (77,873)


                  Consolidated Balance Sheet at 30th June 2006
                                                               30th June       30th June  31st December
                                                                    2006            2005           2005
Assets
Non-current assets
Property, plant and equipment                                    703,696         587,334        737,867
Employee benefits                                                      -          75,000              -
                                                                                            -
Total non-current assets                                         703,696         662,334        737,867

Current assets
Inventories                                                    2,220,453       2,412,309      2,342,363
Trade and other payables                                       2,280,117       2,554,732      1,832,979
Cash and cash equivalents                                      1,441,823       1,493,715      1,567,840
Total current assets                                           5,942,393       6,460,756      5,743,182

Total assets                                                   6,646,089       7,123,090      6,481,049

Liabilities
Current liabilities
Bank overdraft                                                 1,603,102       1,338,305      1,410,300
Trade and other payables                                       1,094,099       1,480,636        861,945
Other financial liabilities                                      178,008         133,854        177,170
Corporation tax liability                                              -          10,000         33,033
                                                                     
Total current liabilities                                      2,875,209       2,962,795      2,482,448

Non-current liabilities
Financial liabilities                                            326,199         246,820        347,526
Employee benefits                                                118,000               -         98,000
                                                                                        
Total non-current liabilities                                    444,199         246,820        445,526

Total liabilities                                              3,319,408       3,209,615      2,927,974

Total net assets                                               3,326,681       3,913,475      3,553,075


Capital and reserves attributable to equity holders of the 
parent company

Share capital                                                    360,000         360,000        360,000
Capital reserve                                                   77,319          77,319         77,319
Foreign exchange reserve                                             669          (6,345)         8,821
Retained earnings                                              2,888,693       3,482,501      3,106,935

Total equity                                                   3,326,681       3,913,475      3,553,075



      Consolidated Cash Flow Statement for the period ended 30th June 2006

                                                                          2006           2005
                                                                             £              £
                                                                                 As re-stated
Operating activities
Result for the period before tax                                      (224,932)      (103,557)

Adjustments
Changes in inventories                                                 121,910       (296,628)
Change in trade and other receivables                                 (447,138)       (90,138)
Change in trade and other payables                                     232,154        386,325
Employer contribution                                                  (54,000)       (56,000)
Current service cost                                                    96,000         82,000
Depreciation                                                            66,305         52,990
Profit on sale of fixed assets                                               -         (3,316)
Grants amortised                                                          (828)          (828)
Taxes paid                                                             (33,033)       (14,566)
Taxes recovered                                                              -              -
Foreign exchange differences                                            (8,314)        10,856
                                                                       (26,944)        70,695

Investing activities
Additions to property, plant and equipment                             (41,294)       (92,909)
Proceeds from disposal of property, plant and equipment                  9,160          3,318
Interest received                                                       23,204         24,632
                                                                        (8,930)       (64,959)

Financing activities
Repayment of hire purchase liabilities                                 (20,499)       (16,568)
Interest paid                                                          (37,514)       (17,740)
Dividends paid                                                               -        (47,700)
                                                                       (58,013)       (82,008)

Cash and cash equivalents, beginning of period                         157,540        335,232
Net decrease in cash and cash equivalents                             (318,819)      (179,829)
Cash and cash equivalents, end of period                              (161,279)       155,403



T.F. & J.H. Braime (Holdings) P.L.C.
D. H. Brown
Company Secretary

20th September 2006




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