Inspirit Energy Regulatory News (INSP)

Inspirit Energy Holdings PLC

(AIM: INSP)

Unaudited interim accounts for the six months ended 31 December 2014

Inspirit Energy Holdings PLC ("Inspirit Energy" or the "Company") is pleased to announce its interim accounts for the six months ended 31 December 2014.

Chairman's Statement

Since Inspirit Energy released their audited final results the Company has continued to strive in achieving its goals of commercialisation and is close to production of the Company's micro combined heat and power (mCHP) boiler.

In addition to the 3 Kilowatt (KW) electrical output boiler model, the Company has committed to the development and production of a 2 kw electrical output version of the Inspirit mCHP boiler-generator for the domestic market. This will increase the market potential of Inspirit's product range by offering an appliance that is suitable for the larger domestic sector and can qualify for the current UK Government Feed in Tariff.

The Company has recently successfully completed a £350,000 micro-financing in order to maintain the objectives of having the mCHP boiler ready for extensive field trials. The funding will support the Company's working capital needs.

Board Changes and Appointments:

Jubeenh Nazhat ceased to be a Director of the Company on 5 February 2015.

Results for the Period

Operating loss for the period to 31 December 2014 amounted to £419,000.

The Board would like to take this opportunity for thanking all of the Company's staff and consultants for their hard work during the period and our shareholders for their support.

I look forward to reporting solid progress over the coming period and continuing our development of the mCHP boiler commercialisation.

David Lenigas

Chairman

For further information please contact:

Inspirit Energy Holdings plc www.inspirit-energy.com

David Lenigas, Chairman +44 (0) 207 440 0640

John Gunn, Executive Director +44 (0) 207 048 9400

Nilesh Jagatia, CFO +44 (0) 207 048 9400

Westhouse Securities Limited

( Nominated Advisor and Joint Broker)

Antonio Bossi / David Coaten +44 (0) 207 601 6100

Beaufort Securities

(Joint Broker)

Jon Levinson / Saif Janua / Elliot Hance +44 (0) 207 382 8300

Square1 Consulting

David Bick / Mark Longson +44 (0) 207 929 5599

INSPIRIT ENERGY HOLDINGS PLC

Consolidated

Statement of Comprehensive Income

for the six months ended 31 December 2014

INSPIRIT ENERGY HOLDINGS PLC

Consolidated

Statement of Financial Position as at 31 December 2014

INSPIRIT ENERGY HOLDINGS PLC

Consolidated

Statement of Changes in Equity

For the six months ended 31 December 2014

INSPIRIT ENERGY HOLDINGS PLC

Consolidated

Statement of Cash Flows

For the six months ended 31 December 2014

Significant Non-cash Transactions

On 18 September 2014, the Company allotted 3,398,056 ordinary shares of 0.1 pence each to investment managers in settlement of fees.

INSPIRIT ENERGY HOLDINGS PLC

Consolidated Notes to the Interim Financial Information

1. General Information

The principal activity of Inspirit Energy Holdings 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.

Inspirit Energy Holdings PLC is a company incorporated and domiciled in England and Wales and quoted on the Alternative Investment Market of the London Stock Exchange. The address of its registered office is 2nd Floor, 2 London Wall Buildings, London, EC2M 5PP, United Kingdom.

2. Basis of Preparation

The interim financial information set out above does not constitute statutory accounts within the meaning 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. Statutory financial statements for the year ended 30 June 2014 were approved by the Board of Directors on 5 December 2014 and delivered to the Registrar of Companies. The report of the auditors on those financial statements was unqualified.

The interim financial information for the six months ended 31 December 2014 has not been reviewed or audited. The interim financial report has been approved by the Board on 27 March 2015.

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 31 December 2014.

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.inspirit-energy.com. The key financial risks are liquidity and credit risk.

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 2 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 30 June 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. Loss per Share

The loss per ordinary share is based on the Group's loss for the period of £419,000 (company's loss - 6 months to 31 December 2013 - £251,000; year ended 30 June 2014 - £1,293,000 and a basic and diluted weighted average number of ordinary shares of £0.001 each in issue of 657,499,452 (31 December 2013 - basic and diluted 566,768,137; 30 June 2014 - basic and diluted 546,838,937).

6. Reconciliation of Operating Loss to Net Cash Outflow from Operating Activities

7. Issued and fully paid

The issued share capital is as follows

8. Copies of this interim financial information document are available from the Company at its registered office at 2nd Floor, Number 2, London Wall Buildings, London, EC2M 5PP. The interim financial information document will also be available on the Company's website www.inspirit-energy.com.