2002

RNS Number:9266D Maisha PLC 18 November 2002

MAISHA PLC


(formerly Regina PLC)

Copies of the Report and Accounts for the year ended 31 August 2002 have been delivered to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel No. (020) 7676 1000

(Documents will normally be available for inspection within six normal business hours of this notice being given).

18 November 2002




LONDON (AFX) - Maisha PLC said it posted a widening in full year to Aug 31 pretax loss to 170,000 stg from 84,000.

Loss per share was 0.71 pence against the 0.35 pence loss a year earlier.

The company did not have any sales during the year and has been a cash shell for three years.

Maisha said it continues to seek suitable acquisitions as it has been unable to recommend any one to its shareholders.

newsdesk@afxnews.com

shw


RNS Number:7563D
Maisha PLC
13 November 2002

MAISHA PLC

PRELIMINARY ANNOUNCEMENT OF RESULTS

FOR THE YEAR ENDED 31 AUGUST 2002

CHAIRMAN'S STATEMENT

The Group's results show a loss of #170,000 for the year ended 31 August 2002
(2001: loss #84,000).

The loss for the half year to 28 February 2002 was #58,000. In the second half
over #71,000 of expenses were incurred relating to acquisitions which proved
abortive. Interest receivable has also been less this year than last owing to
lower interest rates.

I am conscious that now for three years we have been effectively a cash shell
and as such seeking suitable acquisitions. We have explored a considerable
number but so far have been unable to recommend any one to our shareholders. Our
efforts continue.

Your Board is also exploring other ways in which shareholder value might be
improved. I hope to be in a position to make a further statement at the Annual
General Meeting.

H Da Gama Rose

Chairman

13 November 2001

GROUP PROFIT AND LOSS ACCOUNT 2002 2001
for the year ended 31 August #'000 #'000

Turnover - -
Gross profit - -
Administrative expenses (206) (147)
Operating loss (206) (147)
Net interest 36 63
Loss on ordinary activities before taxation (170) (84)
Tax on loss on ordinary activities - -
Loss for the financial year (170) (84)
Loss per share (see Note 2) (0.71)p (0.35)p

There were no acquisitions or discontinued operations during the above two
financial years.

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES 2002 2001
#'000 #'000

Loss for the financial year (170) (84)
Loss on foreign currency translation (2) (4)
Total recognised loss for the year (172) (88)

GROUP BALANCE SHEET 2002 2001
as at 31 August #'000 #'000

Fixed assets - -
Current assets
Debtors 6 10
Cash at bank and in hand 947 1,104
953 1,114
Creditors: amounts falling due within one year (88) (77)
Net current assets 865 1,037
Net assets 865 1,037
Capital and reserves
Called up share capital 238 238
Share premium account 345 345
Profit and loss account 282 454
Equity shareholders' funds 865 1,037

GROUP CASH FLOW STATEMENT 2002 2001
for the year ended 31 August #'000 #'000

Net cash outflow from operating activities (193) (207)
Returns on investments and servicing of finance
Interest received 36 63
Net cash inflow from returns on investments and servicing of finance 36 63
Net cash outflow before financing (157) (144)
Management of liquid resources
Transfer of funds to 30 day treasury account (900) (1,090)
Receipt of funds from 30 day treasury account 1,090 263
Increase/(decrease) in cash 33 (971)

RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET CASH 2002 2001
#'000 #'000

Increase/(decrease) in cash 33 (971)
Net cash used to (increase)/decrease liquid resources (190) 827
Movement in net funds (157) (144)
Net funds at beginning of period 1,104 1,248
Net funds at end of period 947 1,104

NOTES

1 - Basis of preparation

The financial statements have been prepared under the historical cost
convention, in accordance with applicable accounting standards.

2 - Loss per share

Loss per ordinary share is based on a loss after taxation of #170,000 (2001:
loss #84,000) and on 23,843,247 (2001: 23,843,247) shares, being the number of
ordinary shares in issue during the year.

3 - Financial information

The financial information set out above does not constitute statutory accounts
for the purpose of section 240 of the Companies Act 1985. The information for
the year ended 31 August 2001 has been extracted from the statutory accounts
which carried an unqualified audit report and did not contain any statement
under section 237(2) or (3) of the Companies Act 1985. The statutory accounts
for the year ended 31 August 2001 have been delivered to the Registrar of
Companies. The summarised balance sheet at 31 August 2002, the summarised profit
and loss account and cash flow statement for the year then ended and the
associated notes have been extracted from the Group's audited financial
statements. Those financial statements have not yet been delivered to the
Registrar of Companies.




LONDON (AFX) - Maisha PLC said its loss for the first half widened from a year earlier, which benefited from higher interest rates and from a payment of 14,253 stg received from the liquidator of Regina Haw Par.

Maisha posted an after-tax loss of 58,000 stg for the half year to Feb 28, 2002, widening from a loss of 34,000 for the same period a year earlier, and sales remained nil.

Loss per share widened to 0.24 pence from 0.14 pence. No interim dividend is proposed.

Chairman H Da Gama Rose said the company "is effectively a cash shell and as such is seeking suitable acquisitions." He said he expects to make an announcement in this connection "in the near future".

cmr/


RNS Number:6079U
Maisha PLC
16 April 2002

MAISHA PLC

INTERIM REPORT FOR THE SIX MONTHS TO 28 FEBRUARY 2002

CHAIRMAN'S STATEMENT

The Group's results for the half-year to 28 February 2002 show a loss of
#58,000. This compares with a loss of #34,000 for the comparable period last
year, which benefited from higher interest rates and from #14,253 received from
the liquidator of Regina Haw Par.

Your company is effectively a cash shell and as such is seeking suitable
acquisitions. I expect to make an announcement in this connection in the near
future.

H Da Gama Rose

Chairman

16 April 2002

SUMMARISED GROUP PROFIT AND LOSS ACCOUNT Half year ended Half year ended
28 February 2002 28 February 2001 Year ended 31
August 2001
(Unaudited) (Unaudited) (Audited)

#'000 #'000 #'000

Turnover - - -

Operating loss (76) (67) (147)

Net interest 18 33 63

Loss on ordinary activities before and after taxation (58) (34) (84)

Loss per share (Note 2) (0.24)p (0.14)p (0.35)p

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES #'000 #'000 #'000

Loss after taxation (58) (34) (84)

Loss on foreign currency translation - - (4)

Total recognised loss (58) (34) (88)

GROUP BALANCE SHEET As at As at As at

28 February 28 February 31 August

2002 2001 2001 (Audited)

(Unaudited) (Unaudited) #'000

#'000 #'000
Fixed assets - - -

Current assets

Debtors 6 1 10

Cash at bank and in hand 1,015 1,161 1,104
1,021 1,162 1,114

Creditors: amounts falling due within one year (42) (71) (77)

Net current assets 979 1,091 1,037

Capital and reserves

Called up share capital 238 238 238

Share premium account 345 345 345

Profit and loss account 396 508 454

979 1,091 1,037

GROUP CASH FLOW STATEMENT Half year ended Half year ended
28 February 2002 28 February 2001 Year ended 31
August 2001
(Unaudited) (Unaudited) (Audited)

#'000 #'000 #'000

Net cash (outflow)/inflow from operating activities (107) 5 (207)

Interest received 18 33 63

(Decrease)/increase in cash (89) 38 (144)

NOTES TO THE INTERIM REPORT

1 - Basis of preparation

The Interim Report has been prepared under the historical cost convention, in
accordance with applicable accounting standards.

The Interim Report does not comprise statutory accounts for the purpose of
section 240 of the Companies Act 1985.

The information for the six months ended 28 February 2002 and the six months
ended 28 February 2001 is unaudited and has not been reviewed by the Company's
auditors. The information for the six months ended 28 February 2001 forms part
of the results contained in the statutory accounts for the year ended 31 August
2001. The information for the year ended 31 August 2001 has been extracted from
the statutory accounts on which an unqualified audit report was issued and which
have been delivered to the Registrar of Companies.

2 - Loss per share

Loss per share is based on a loss after taxation of #58,000 and on 23,843,247
shares, being the number of ordinary shares in issue during the period (February
2001 #34,000 loss and August 2001 #88,000 loss on 23,843,247 shares).

3 - Dividends

The Directors do not propose the payment of an interim dividend.

4 - Publication

Copies of this statement will be circulated to all shareholders and will also be
available from the registered office of the Company, Centurion House, 37 Jewry
Street, London EC3N 2ER.