Interim Results to 30 April 2015

Teathers Financial PLC

(AIM: TEA)

Unaudited interim results for the six months ended 30 April 2015

Teathers Financial PLC ("Teathers" or the "Company") is pleased to announce its interim results for the six months ended 30 April 2015.

Period highlights:

· Change of name to Teathers Financial plc

· Disposal of the legacy buttons and trimmings business

· Became an Investing Company under the AIM Rules with the Investing Policy approved by shareholders on 3 December 2014

· £993,000 of equity funds raised

· A small number of investments made during the reporting period, with further investments made post period end

· Launch of the Teathers crowd equity app at the UK Investor Show on 18 April 2015

· Net Asset Value increased by 140% to £1.2m (30 April 2014 £0.4m and 31 October 2014 £0.5m)

· Increase in cash at bank to £919,000 (30 April 2014: £174,599 and 31 October 2014 £260,258)

· Comprehensive loss for the period of £161,000 (30 April 2014: profit £200,832, which includes the £350,000 exceptional gain on disposal from the freehold premises)

Chairman's Statement

The period under review was one of significant change for the Company. During the period the Company, with shareholder approval: disposed of its legacy loss making buttons and trimmings business; changed the name of the Company to Teathers Financial Plc; and implemented a new Investing policy.

During the period the Company raised a total of £993,000 though placings of £600,000 and £393,000, through the exercise of Company warrants at a price of 3p (£378,000) and 6p (£15,000), allowing the initial implementation of the Company's Investing Policy.

The Investing Policy, which is to invest in AIM quoted companies either on flotation, through secondary offerings or by purchasing shares in the market and unquoted companies, joint ventures or projects which the Board believes will be seeking a quotation on AIM within 12 to 18 months of such investment, saw Teathers participate in several investments during the period. These included an investment in Tech Financial Plc, which was subsequently disposed of with a 21% return in profit. The Company continues to seek further investments in line with its Investing Policy.

The Company also progressed with the development of its proprietary Crowd Equity Service and Mobile App ("App") that will provide Private investors access to placing's and IPOs. The App was launched at the UK Investor Show on 18 April 2015.

The App, the development of which is now predominantly being outsourced, but for which Teathers owns the intellectual property rights, is designed to provide private investors with stock market and quoted company information and importantly to enable qualified users to buy shares in initial public offerings and placings at the same price and on the same deal terms as institutional investors.

The App is free to download from iTunes Connect (Apple), Google Play and Android. It should however be noted that the offering of equity placings through the App is an activity requiring an appropriate Financial Conduct Authority ("FCA") regulated structure. To that end the Company is currently in contractual negotiations with a partner for the operation of the App, including the basis for the sharing of commissions, and anticipates that the App will be functional in the next few weeks.

Once operational, the App is intended to create a revenue stream for Teathers and will support Teathers' main investing activities under its Investing Policy. It is still intended that investment through the App by qualifying investors will be commission free.

It is further anticipated that a "white label" version of the App will be offered to financial services organisations in the future, enabling them to offer equity placings they are conducting to their private investor clients. A number of expressions of interest have already been received in this technology and the Company believes that this could become an important source of revenue for Teathers in the future.

Results for the Period

Operational highlights for the first half of 2014:

The Company reports a comprehensive loss to members of £160,970 during the period. In the same period in the previous year, the Company reported a profit of £200,832 (which included an exceptional gain on disposal of the freehold building of £415,000). The cash balance was £916,000 (April 2014: £174,599) and Net Assets were £1,209,383 (April 2014 £345,388).

Post period end, Oliver Fattal was appointed Chief Operating Officer and an Executive Director of the Company, having previously held the position of Non-Executive Director.

Commenting on the results, Jason Drummond, Executive Chairman said: "The first half of our financial year was one of significant change for Teathers. We successfully transformed the business into an AIM Investment Company and in line with our stated strategy launched the Teathers Crowd Equity App. Development of the App continues apace and we look forward to launching version 2, together with announcing a significant partnership for the operation of the App in the coming weeks."

For further information please contact:

TEATHERS FINANCIAL PLC

Consolidated

Statement of Comprehensive Income

for the six months ended 30 April 2015

TEATHERS FINANCIAL PLC

Consolidated

Statement of Financial Position as at 30 April 2015

TEATHERS FINANCIAL PLC

Consolidated

Statement of Changes in Equity

For the six months ended 30 April 2015

TEATHERS FINANCIAL PLC

Consolidated

Statement of Cash Flows

For the six months ended 30 April 2015

TEATHERS FINANCIAL PLC

Consolidated Notes to the Interim Financial Information

1. General Information

The principal activity of Teathers Financial PLC ("the Company") during the period was that of an investment company which aims to invest in disruptive products or technologies that are either proven or at the later stages of development, which own or have exclusive licence to the relevant intellectual property and may benefit from feed-in tariffs or other renewable energy incentives.

Teathers Financial PLC is a company incorporated and domiciled in England and Wales and quoted on the AIM market of the London Stock Exchange. The address of its registered office is The Plaza, 535 Kings Road, London SW10 0SZ

2. Basis of Preparation

The condensed interim financial information set out above does not constitute statutory accounts within the meaning of Section 435 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 information for the year ended 31 October 2014 has been extracted from the statutory financial statements for the year ended 31 October 2014 which were approved by the Board of Directors on 29 April 2015 and delivered to the Registrar of Companies. The report of the auditors on those financial statements was unqualified.

The condensed interim financial information for the six months ended 30 April 2015 has not been reviewed or audited. The interim financial report has been approved by the Board on 28 July 2015.

The 2015 condensed interim financial statements of the Company have not been reviewed by the Company's auditor, Welbeck Associates.

Change in accounting policy

These interim financial statements, for the 6 months ended 30 April 2015, are the first the Company has prepared in accordance with IFRS. The adoption of the International Financial Reporting Standards occurred during the year to 31 October 2014. For periods up to and including 30 April 2014, the Company prepared its financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP). For the transition from UK GAAP to IFRS there are no material differences, which the Directors feel need to be disclosed within these interim financial statements to enable the user to better understand the effect of the change in accounting policy.

Going concern

The Directors, having made appropriate enquiries, consider that adequate resources exist for the Company to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt the going concern basis in preparing the interim financial statements for the period ended 30 April 2015.

Risks and uncertainties

The Board continuously assesses and monitors the key risks of the business. The key risks that could affect the Company's medium term performance and the factors that mitigate those risks have not substantially changed from those set out in the Company's 2014 Annual Report and Financial Statements, a copy of which is available on the Company's website: www.teathers.com.

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. Significant items subject to such estimates are set out in note 4 of the Company's 2014 Annual Report and Financial Statements. The nature and amounts of such estimates have not changed significantly during the interim period.

3. Significant Accounting Policies

The accounting policies applied are consistent with those of the annual financial statements for the year ended 31 October 2014, as described in those annual financial statements.

4. Segmental Analysis

The Company's primary reporting format is business segments and its secondary format is geographical segments. The Company only operates in a single business and geographical segment. Accordingly no segmental information for business segment or geographical segment is required.

5. Earnings per share

6. Taxation

The tax expense represents the sum of the tax currently payable or recoverable together with deferred tax.

The tax currently recoverable is based on taxable loss for the year. Taxable loss differs from net loss as reported in the Statement of Comprehensive Income because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Corporation Tax recoverable is calculated by using tax rates that have been enacted or substantively enacted by the end of the reporting period.

7. Post period end

Oliver Fattal was appointed Chief Operating officer and Executive Director of the Company, previously he held the position of Non-Executive Director.

The Company made a number of investments and disposals, details of which can be found on the Company's website.

Copies of this interim financial information document are available from the Company at its registered office at The Plaza, 535 Kings Road, London SW10 0SZ. The interim financial information document will also be available on the Company's website www.teathers.com.