Biome Technologies plc announced trading update for the first quarter ended March 31, 2013. Total group revenues achieved for the first three months of the year were £0.4 million, compared to £4.6 million including contributions from Biotec. The company anticipates performance this year to be second half weighted and consequently expect sales growth to increase in both divisions as the year progresses. Stephen Baskerville, will be joining the group to head up the division as its Managing Director in August 2013. Stephen joins the business following some twenty years in technical and commercial roles within the industry, most recently as Director of Heating Products at Inductotherm Heating and Welding Limited.

A consortium led by Biome Technologies plc has been awarded a grant by the Technology Strategy Board (TSB) to investigate a bio-based alternative for the oil derived organic chemicals used in the manufacturer of bioplastics. The research will be undertaken by the group's bioplastic division Biome Bioplastics, one of the UK's developers of natural plastics, in conjunction with the University of Warwick's Centre for Biotechnology and Biorefining. The £150,000 grant has been made as part of the TSB's 'Sustainable high value chemical manufacture through industrial biotechnology' technical feasability competition, which funds projects that apply sustainable biobased feedstocks and biocatalytic processes in the production of chemicals. The TSB grant will support an initial feasibility project to isolate a chemical from lignin to replace the oil-derived equivalent currently used in a polyester that conveys strength and flexibility in some of Biome's products. The production of such a bio-based polyester would reduce the cost and further enhance the sustainability of these products.  This project is in line with Biome's strategy of identifying ways to accelerate business in the area of synthetic biology, without depleting the Group's cash resources with the full development costs.

Biome Technologies plc announced preliminary consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenues of £5,652,000 compared with £9,235,000 for the same period a year ago. Loss from operations was £2,051,000 compared with £1,472,000 for the same period a year ago. Loss before taxation from continuing operations was £2,064,000 compared with £1,411,000 for the same period a year ago. Loss for the year from continuing operations was £1,991,000 or 0.034 pence per basic and diluted share compared with £1,333,000 or 0.023 pence per basic and diluted share for the same period a year ago. Loss for the year was £5,769,000 or 0.098 pence per basic and diluted share compared with £1,052,000 or 0.018 pence per basic and diluted share for the same period a year ago. Net cash used in operating activities was £1,318,000 compared with £1,155,000 for the same period a year ago. Purchase of property, plant and equipments was £6,000 compared with £55,000 for the same period a year ago. Investment in intangible assets was £265,000 against £357,000 a year ago.