Lombard Capital PLC - Half-year Report PR Newswire CHAIRMAN'S STATEMENT Dear Shareholder During the 6 months to 31 December 2020, the comprehensive loss for the period was GBP (325,038). As a result, the Company remains in a position where it is dependent upon its ability to generate sufficient cash flows by issuing shares, the exercise of warrants and realisation of investments and other assets, in order to meet continued operational costs and hence continue trading. During the period the company capitalised approximately £1,460,000 of expenses in relation to Gaskell House and incurred £168,000 in finance charges. Whilst the company continues to pay its professional costs and general running costs of £164,000 the directors have, once again not drawn remuneration during this period.