PENTAGON PROTECTION PLC - Half-yearly Report

                           Pentagon Protection Plc

                        ("Pentagon" or the "Company")

     Unaudited Interim Financial Statements for the period ended 31 March
                                     2014

CHAIRMAN'S STATEMENT

Introduction

These are the results for Pentagon Protection Plc for the interim
period ended 31 March 2014.

Financial review

Turnover of £596,412 for the six months to 31 March 2014 and a loss
after tax of £380,201 represents a significantly poorer performance compared
to the same period last year. As a result, the statement of financial position
shows total equity attributable to the shareholders of the parent as negative
£108,451.

Post balance sheet events

It was announced on 14 April 2014, despite a relatively healthy
sales pipeline for each of the Company's three divisions, the lack of working
capital and the Company's cash constraints meant that management were in
discussions regarding short term financing.

On 6 May 2014, the Board requested that trading of the ordinary
shares of the Company on the AIM Market be temporarily suspended pending
clarification of the Group's financial position. It also confirmed that the
financial condition and prospects of the Group had not improved and it was
likely the Board would need to appoint administrators to the Company.

On 22 May 2014, the Company disposed of the entire issued share
capital of SDS Group Limited ("SDS"), the Group's security division for a
total consideration of £190,000 on an intercompany debt free basis, to Mr
Haytham ElZayn, former chairman and existing 29.5% shareholder of the Company.
Consideration of £110,000 for the shares in SDS was settled by way of
reduction of a loan payable by the Company to Mr ElZayn. In addition,
intercompany balances of £43,963 payable by SDS to International Glass
Solutions LLC, a wholly owned subsidiary of the Company, and £38,683 payable
by SDS to the Company have been assigned to Mr ElZayn for an aggregate
consideration of £80,000, settled similarly by way of reduction of the loan
payable by the Company to Mr ElZayn.

On 24 June 2014, the Company posted a circular to shareholders
("Circular") containing a notice convening a general meeting of the Company
("General Meeting") to be held on 11 July 2014. The Circular contained
proposals (the "Proposals") for, inter alia:

- a Company Voluntary Arrangement ("CVA"),

- the disposal of its trading subsidiaries,

- the adoption of an Investing Policy under AIM Rule 15,

- the conditional appointment of Peterhouse Corporate Finance Limited
("Peterhouse") as Sole Broker,

- placing by Peterhouse of Ordinary Shares at a price of £0.013 to raise
£611,600,

- the issue of warrants, and

- the change of name to YOLO Leisure and Technology plc.

The Circular was issued because the Board had not been able to
secure additional short-term financing for the Company and therefore the
Directors considered that, if the Proposals are not approved at the General
Meeting, it would be likely that the only alternative would be the cessation
of trading and the realisation of assets, which the Directors believed would
deliver very little or no value to its Shareholders.

The Directors therefore made a proposal to creditors under a CVA
process, which provided an opportunity for the unsecured creditors to make a
partial recovery of their debt, which was based on realising a value for the
existing AIM listing status of the business. The Directors also proposed
disposing of the Company's remaining businesses, as part of a CVA process, to
Mr Haytham ElZayn in consideration for the balance of loan amounts due to him.

In order to recapitalise the Company and to provide funding for the
CVA and working capital, Peterhouse conditionally raised £611,600 at £0.013
per Subscription Share, through the Subscription of 47,046,148 new Ordinary
Shares. The Subscription Shares will be issued subject to the passing of
certain Resolutions as set out above.

Subject to the passing of Resolutions at the General Meeting,
Peterhouse Corporate Finance Limited will be appointed as sole broker to the
Company and Simon Lee Robinson will join the Board as Chief Executive Officer
and Mohammed Sohail Bhatti as Finance Director and that Cecil O'Brien and I
will resign from office.

Steven Chambers

Chairman

10 July 2014

For further enquiries please contact:

Pentagon Protection Plc: Tel: 01494 793 333

Steven Chambers, Managing Director

Cairn Financial Advisers LLP Tel: 0207 148 7900

Sandy Jamieson

Peterhouse Corporate Finance Limited Tel: + 44 20 7469 0930

Eran Zucker

                                                  Unaudited        Unaudited
                                           six months ended six months ended
                                              31 March 2014    31 March 2013
                                     Notes                £                £
Revenue                                             596,412        1,746,801
Cost of sales                                     (443,470)      (1,171,362)
GROSS PROFIT                                        152,942          575,439
Distribution costs                                        -         (10,944)
Administrative expenses                           (532,992)        (553,843)
(LOSS)/PROFIT FROM OPERATIONS BEFORE
FINANCING ACTIVITIES
                                                  (380,050)           10,652

Finance income                                            -                -
Finance costs                                             -          (7,864)

(LOSS)/PROFIT BEFORE TAX                          (380,050)            2,788

Tax                                                   (151)             (46)

(LOSS)/PROFIT FOR THE PERIOD                      (380,201)            2,742

Other comprehensive income/(expense)                      -            6,638

TOTAL COMPREHENSIVE (EXPENSE)/INCOME

FOR THE PERIOD                                    (380,201)            9,380

(Loss)/profit before tax and total comprehensive (expense)/income for the
period are all attributable to the equity shareholders of the parent.

(Loss)/profit per share
Basic                    0.00p 0.00p
Diluted                  0.00p 0.00p
Revenue and operating (loss)/profit for the period all derive from continuing
operations.

                                      Unaudited      Audited
                                       31 March 30 September
                                           2014         2013
                              Notes           £            £
ASSETS

Non-current assets
Intangible assets                         3,838            -
Goodwill                                434,536      434,536
Property, plant and equipment            29,259       30,742
                                        467,633      465,278
Current assets
Inventories                             134,799      144,023
Trade and other receivables             277,649      821,558
Cash and cash equivalents       4        10,433        9,529
                                        422,881      975,110

TOTAL ASSETS                            890,514    1,440,388

EQUITY AND LIABILITIES

Equity
Share capital                   5       905,065      905,065
Share premium account                 7,160,948    7,160,948
Share based payment reserve              76,874       81,415
Other reserves                           25,040       11,198
Retained earnings                   (8,276,378)  (7,896,177)
Total equity attributable to
equity holders of the
parent
                                      (108,451)      262,449

Current liabilities
Trade and other payables                668,021      840,051
Shareholder loan                        330,944      337,888
Total liabilities                       999,965    1,177,939

TOTAL EQUITY AND LIABILITIES            890,514    1,440,388

                                            Share    Share
                                  Share   Premium    based    Other    Retained
                                capital   account payments reserves    earnings     Total
                                                   reserve
                                      £         £        £        £           £         £
Audited at 1 October 2012       905,065 7,160,948   80,146    9,696 (8,285,704) (129,849)

Total comprehensive
income/(expense) for the period       -         -        -    6,638       2,742     9,380

Unaudited at 31 March 2013      905,065 7,160,948   80,146   16,334 (8,282,962) (120,469)

Total comprehensive
expense for the period                -         -        -  (5,136)     386,785   381,649

Transactions with owners:
Shares issued                                            -        -           -         -
Share based payments                  -         -    1,269        -           -     1,269
Audited as at 1 October 2013    905,065 7,160,948   81,415   11,198 (7,896,177)   262,449

Total comprehensive
income for the period                 -         -  (4,541)   13,842   (386,201) (370,900)

Unaudited at 31 March 2014      905,065 7,160,948   76,874   25,040 (8,276,378) (108,451)

All equity is attributable to equity shareholders of the parent.

Share premium

Represents amounts subscribed for share capital in excess of its nominal
value, net of directly attributable issue costs.

Share based payment reserve

Represents the reserve account, which is used for the corresponding entry to
the share based payment charge through the Statement of Comprehensive Income.

Group - Other reserves           Merger   Currency Shares held      Total
                                reserve    reserve     by ESOP

                                      £          £           £          £

Audited At 1 October 2012        16,000    (1,763)     (4,541)      9,696
Transactions with owners:
Total comprehensive income            -          -           -          -
for the
period

Unaudited at 31 March 2013       16,000    (1,763)     (4,541)      9,696
Total comprehensive income
for the
period                                -      1,502           -      1,502
Audited as at 30 September       16,000      (261)     (4,541)     11,198
2013
Total comprehensive income
for the
period                                -     13,842           -     13,842
At 31 March 2014                 16,000     13,581     (4,541)     25,040
Merger reserve

Represents the difference between the fair value and nominal value of the
equity consideration provided in exchange for 90% or more of the equity
instruments acquired in another entity.

Foreign currency translation reserve

The translation reserve represents the exchange gains and losses that have
arisen on the retranslation of overseas operations.

Shares held by ESOP

These relate to shares held by the Pentagon Employee Share Ownership Plan and
are used to assist in meeting the Group's obligations under employee
remuneration schemes.

                                                                        Unaudited        Unaudited
                                                                 six months ended six months ended
                                                                    31 March 2014    31 March 2013
                                                                                £                £

Operating activities
(Loss)/profit before tax                                                (380,050)            2,788
Depreciation of property, plant and equipment                              38,688            1,243
Share based payments                                                            -                -
Exchange adjustment                                                      (11,910)            6,638

Changes in working capital:
Decrease in inventories                                                     9,224              540
(Increase)/decrease in trade and other receivables                        543,909      (1,069,196)
Increase/(decrease) in trade and other payables                         (172,031)        1,038,146
Net finance cost/(income)                                                       -            7,864
Net cash used in operating activities                                      27,930         (11,977)

Investing activities
Payments to acquire property, plant and equipment                        (19,931)                -
Net cash used in investing activities                                    (19,931)                -

Financing activities
Decrease in shareholder loan                                              (6,944)         (49,381)
Interest paid                                                                   -          (7,864)
Net cash used in financing activities                                     (6,944)         (57,245)

Taxation                                                                    (151)             (46)

Net increase/(decrease) in cash and cash equivalents                          904         (69,268)

Cash and cash equivalents at the start of the period                        9,529          114,954
Cash and cash equivalents at the end of the period                         10,433           45,686 1   General information

    Pentagon Protection Plc (`the Company') and its subsidiaries (together `the Group')
    specialise in the supply and installation of anti-shatter/safety films, bomb blast
    protection, security and solar control films as well as opaque privacy films and
    manifestation graphics and the provision of bespoke security consultancy for high risk
    project management. They are also involved in Assessment and Examination (A&E)
    projects.

    The Company is a publicly quoted company incorporated and domiciled in England. The
    address of its registered office is Solar House, Amersham Road, Chesham,
    Buckinghamshire HP5 1NG.

    The Company is quoted on AIM.

    This consolidated interim financial information was approved for issue on 10 July
    2014.

2   Accounting policies

2.1 Basis of preparation

    The interim consolidated financial information comprises the consolidated Statements of
    Financial Position at 31 March 2014 and 30 September 2013 and the consolidated
    Statements of Comprehensive Income, Changes in Equity and Cash Flows for the periods
    ended 31 March 2014 and 31 March 2013 and the related notes of Pentagon Protection Plc,
    (hereinafter referred to as 'the interim financial information'.)

    The interim financial information has been prepared in accordance with IAS 34, 'Interim
    Financial Reporting' as adopted by the European Union. In preparing this information,
    management have used the accounting policies set out in the Group's annual financial
    statements as at 30 September 2013.

    This interim financial information does not constitute a set of statutory accounts under
    the requirements of the Companies Act 2006 and is neither audited nor reviewed. The
    comparative figures for the financial year ended 30 September 2013 are an extract from
    the Group's 2013 financial statements, which have been reported on by the Group's
    auditors and delivered to the Registrar of Companies. The report of the auditors was
    unqualified.

    This document (the Interim Statement 2014) will be published on the company's website
    and will be publicly available from the London Stock Exchange regulatory publications.
    The maintenance and integrity of the Pentagon Protection Plc website is the
    responsibility of the directors. Legislation in the UK governing the preparation and
    dissemination of accounts may differ from legislation in other jurisdictions.

2.2 Going concern

    The Group has net liabilities of £108,451 as at 31
    March 2014. The financial statements have been
    prepared on the going concern basis and take in to
    account the disposal of 22 May 2014 and the
    assumption that the shareholder resolutions are
    passed on 11 July 2014 and that the subsequent
    placing of shares is successful.

3   Business and geographical segments

Based on the risks and returns the directors consider that the primary
reporting format is by business segment. Results by business segment are
as follows:

                                           Unaudited      Unaudited
                                    six months ended     six months
                                                              ended
                                       31 March 2014  31 March 2013
                                                   £              £

Protective Film and Anchoring
Turnover                                     235,204      1,053,643
Cost of sales                              (216,999)      (687,637)
Gross profit                                  18,205        366,006
Overheads (net)                            (283,156)      (294,249)
Operating (loss)/profit                    (264,951)         71,757

Security Products and Services
Turnover                                     361,208        693,158
Cost of sales                              (226,470)      (483,725)
Gross profit                                 134,738        209,433
Overheads                                  (124,975)      (242,596)
Operating profit/(loss)                        9,763       (33,163)

Group Operating Expenses (net)
Overheads                                  (124,860)       (27,942)

Totals
Turnover                                     596,412      1,746,801
Cost of sales                              (443,470)    (1,171,362)
Gross profit                                 152,942        575,439
Overheads                                  (532,992)      (564,787)
Operating (loss)/profit                    (380,050)         10,652 Assets and liabilities by business segment are as follows:

                                           Unaudited      Audited
                                            31 March 30 September
                                                2014         2013
                                                   £            £

Protective Film and Anchoring
Total assets                                  694,649      995,179
Total liabilities                           (855,974)  (1,003,754)
Depreciation and amortisation in period         3,035        2,755
Capital expenditure                                 -       22,289

Security Products and Services
Total assets                                   195,865      445,209
Total liabilities                            (142,991)    (174,185)
Depreciation and amortisation in period            825       10,906
Capital expenditure                                  -          200

TOTAL ASSETS                                   890,514    1,440,388

TOTAL LIABILITIES                            (998,965)  (1,177,939)

All of the business assets are located in the United Kingdom. The secondary
reporting format is by geographic
segment based on location of customers. External revenue by segment is as
follows:

                                       Unaudited      Unaudited
                                      six months     six months
                                           ended          ended
                                   31 March 2014  31 March 2013
                                               £              £

United Kingdom                           412,456        554,188
Americas                                 163,741        291,857
Europe                                     3,238        569,548
Africa and Middle East                     7,937        295,288
Far East                                   9,040         35,920
                                         596,412      1,746,801

4 Cash and cash equivalents

For the purpose of the consolidated interim cash flow statement, cash and cash
equivalents are comprised
of the following:
                                         Unaudited   Unaudited
                                          31 March    31 March
                                              2014        2013
                                                 £           £

Cash at bank and in hand                    10,433       9,529

5 Share capital                                                      Unaudited       Unaudited
                                                                    six months      six months
                                                                         ended           ended
                                                                 31 March 2014   31 March 2013
                                                                             £               £
  Issued and fully paid
  As at 30 September 2013 and at 31 March 2014
  Ordinary shares (11,133,908 shares of 1p each)
                                                                       111,339         111,339
  Deferred shares (8,819,181 shares of 9p each)                        793,726         793,726
                                                                       905,065         905,065

6 Dividends paid and proposed

  Equity dividends on ordinary shares:

  No interim dividend was paid or is proposed for the half year ended 31 March
  2014.

7  (Loss per share)/Profit

The calculations of (loss)/profit per share are based on the following results
and number of shares:

                                                           Unaudited       Unaudited
                                                          six months      six months
                                                               ended           ended
                                                       31 March 2014   31 March 2013
                                                                   £               £

(loss)/profit for the financial period                     (380,201)           9,380

Weighted average number of shares
for diluted loss per share                                10,575,836      10,575,836

Weighted average number of shares
for basic loss per share
                                                          10,575,836      10,575,836

At 31 March 2014, the number of ordinary shares in issue was
11,133,908.

In accordance with the provisions of IAS 33 for the periods ended 31 March
2014, 30 September 2013 and
31 March 2013, shares under option were not regarded as dilutive in calculating
earnings per share.

8 Seasonality of interim operations

Pentagon Protection Plc does not operate in a seasonal or
cyclical business environment.