12 Oct 2022 16:40
Portfolio Update and Net Asset ValuesThames Ventures VCT 2 plc LEI: 21380035MV1VRYEXPR95Unaudited Portfolio Update Net Asset Values as at 31 August 202212 October 2022
Thames Ventures VCT 2 plc (“the Company”) announces that the unaudited Net Asset Values of its share classes, as at 31 August 2022 were as follows:
| Pence per share | |
| Generalist Ordinary Share | 70.0 |
| Healthcare Ordinary Share | 78.4 |
| AIM Ordinary Shares | 99.3 |
| DSO D Share | 2.6 |
| DP67 Ordinary Share | 27.9 |
The unaudited Balance Sheet of the Company is shown below, followed by a summary of the investments held by each share pool.
UNAUDITED BALANCE SHEET as at 31 August 2022
| As at 31 August 2022 | As at 31 March2022 | ||
| £’000 | £’000 | ||
| Fixed assets | |||
| Investments | 48,175 | 49,141 | |
| Current assets | |||
| Debtors | 2,050 | 4,317 | |
| Cash at bank and in hand | 12,587 | 8,384 | |
| 14,637 | 12,701 | ||
| Creditors: amounts falling due within one year | (532) | (965) | |
| Net current assets | 14,105 | 11,736 | |
| Net assets | 62,280 | 60,877 | |
| 8BCapital and reserves | |||
| Called up Share capital | 119 | 113 | |
| Capital redemption reserve | 58 | 58 | |
| Special reserve | 24,259 | 24,063 | |
| Share premium account | 31,727 | 29,284 | |
| Funds held in respect of shares not yet allotted | 11 | 7 | |
| Revaluation reserve | 5,687 | 6,995 | |
| Capital reserve – realised | 3,947 | 3,769 | |
| Revenue reserve | (3,528) | (3,412) | |
| Total equity shareholders’ funds | 62,280 | 60,877 | |
UNADUITED PORTFOLIO SUMMARIES as at 31 August 2022
| Ventures Share pool | Cost | Valuation | % ofportfolio |
| £’000 | £’000 | ||
| Venture Capital investments | |||
| Cornelis Networks, Inc. | 1,402 | 2,431 | 6.4% |
| Virtual Class Limited (Third Space Learning) | 1,053 | 2,302 | 6.0% |
| Rated People Limited | 1,382 | 1,895 | 5.0% |
| Hackajob Limited | 784 | 1,787 | 4.7% |
| Imagen Limited | 1,000 | 1,763 | 4.6% |
| CommerceIQ Limited | 1,749 | 1,749 | 4.6% |
| Ayar Labs, Inc. | 764 | 1,646 | 4.3% |
| Trinny London Limited | 219 | 1,374 | 3.6% |
| Cambridge Touch Technologies Limited | 959 | 1,353 | 3.5% |
| Ecstase Limited (t/a ADAY) | 1,000 | 1,203 | 3.1% |
| Upp Technologies Group Limited (previously Volo Commerce) | 1,136 | 1,136 | 3.0% |
| Firefly Learning Limited | 1,047 | 1,047 | 2.7% |
| Limitless Technology Limited | 757 | 920 | 2.4% |
| Arecor Therapeutics plc^ | 418 | 888 | 2.3% |
| FVRVS Limited (t/a Fundamental VR) | 777 | 861 | 2.3% |
| Parsable, Inc. | 766 | 802 | 2.1% |
| Congenica Limited | 734 | 746 | 2.0% |
| FundingXchange Limited | 1,050 | 740 | 1.9% |
| Carbice Corporation | 656 | 721 | 1.9% |
| Masters of Pie Limited | 667 | 667 | 1.7% |
| Vivacity Labs Limited | 493 | 493 | 1.3% |
| Maverick Pubs (Holdings) Limited | 1,000 | 450 | 1.2% |
| Fenkle Street LLP | 301 | 411 | 1.1% |
| BBC Maestro Limited | 340 | 340 | 0.9% |
| Channel Mum Limited | 757 | 311 | 0.8% |
| MIP Diagnostics Limited | 300 | 300 | 0.8% |
| Distributed Limited | 275 | 275 | 0.7% |
| Bulbshare Limited | 249 | 249 | 0.7% |
| Glisser Limited | 200 | 200 | 0.5% |
| Destiny Pharma plc^ | 500 | 121 | 0.3% |
| Lignia Wood Company Limited | 1,778 | - | 0.0% |
| Empiribox Holdings Limited | 1,563 | - | 0.0% |
| Live Better With Limited | 1,211 | - | 0.0% |
| Ormsborough Limited | 900 | - | 0.0% |
| Hummingbird Technologies Limited | 750 | - | 0.0% |
| Lineten Limited | 400 | - | 0.0% |
| London and City Shopping Centre Limited | 30 | - | 0.0% |
| 29,367 | 29,181 | 76.3% | |
| Liquidity investments | |||
| Downing Strategic Micro-Cap Investment Trust plc | 4,269 | 2,640 | 6.9% |
| Total investments | 33,636 | 31,821 | 83.2% |
| Cash at bank and in hand | 6,408 | 16.8% | |
| Total | 38,229 | 100.0% | |
| Healthcare Share pool | Cost | Valuation | % ofportfolio |
| £’000 | £’000 | ||
| Venture Capital investments | |||
| Arecor Therapeutics plc^ | 1,533 | 3,256 | 18.3% |
| Open Bionics Limited | 1,000 | 1,630 | 9.2% |
| Adaptix Limited | 1,056 | 1,843 | 10.4% |
| FVRVS Limited (t/a Fundamental VR) | 1,305 | 1,472 | 8.3% |
| Congenica Limited | 1,184 | 1,215 | 6.8% |
| GENinCode plc^ | 1,202 | 1,082 | 6.1% |
| Cambridge Respiratory Innovations Limited | 800 | 800 | 4.5% |
| The Electrospinning Company Limited | 478 | 544 | 3.1% |
| Invizius Limited | 500 | 500 | 2.8% |
| Closed Loop Medicine Limited | 650 | 650 | 3.7% |
| DiA Imaging Analysis Limited | 415 | 484 | 2.7% |
| MIP Diagnostics Limited | 300 | 300 | 1.7% |
| Destiny Pharma plc^ | 750 | 182 | 1.0% |
| Live Better With Limited | 1,107 | - | 0.0% |
| 12,280 | 13,958 | 78.5% | |
| Liquidity investments | |||
| Downing Strategic Micro-Cap Investment Trust plc | 729 | 451 | 2.5% |
| Total investments | 13,009 | 14,409 | 81.0% |
| Cash at bank and in hand | 3,382 | 19.0% | |
| Total | 17,791 | 100.0% |
| AIM Share Pool | Valuation | % ofportfolio | |
| Portfolio of investments | £’000 | ||
| Cash at bank and in hand | 2,790 | 100.0% | |
| Total investments | 2,790 | 100.0% |
| DSO D Share Pool | Cost | Valuation | % ofportfolio |
| £’000 | £’000 | ||
| Venture Capital investments | |||
| Pearce and Saunders Limited | 255 | 25 | 18.1% |
| Pearce and Saunders DevCo Limited | 19 | 16 | 11.6% |
| Total investments | 274 | 41 | 29.7% |
| Cash at bank and in hand | 97 | 70.3% | |
| Total | 138 | 100.0% |
| DP67 Share Pool | Cost | Valuation | % ofportfolio |
| £’000 | £’000 | ||
| Venture Capital investments | |||
| Cadbury House Holdings Limited | 1,409 | 791 | 41.3% |
| Fenkle Street LLP | 405 | 771 | 40.2% |
| Gatewales Limited | 343 | 344 | 18.0% |
| Yamuna Energy Limited | 400 | - | 0.0% |
| London City Shopping Centre Limited | 99 | - | 0.0% |
| Total investments | 2,656 | 1,906 | 99.5% |
| Cash at bank and in hand | 10 | 0.5% | |
| Total | 1,916 | 100.0% |
Thames V.2 Dp67 (D467)