Annual Report and Accounts 2005
Focus on FORscene
Forbidden Technologies plc
2–4 St George’s Road
London SW19 4DP
Tel:  +44 (0)20 8879 7245
Fax:  +44 (0)20 8946 4871
Web:  www.forbidden.co.uk
Forbidden Technologies plc Annual Report and Accounts 2005 Forbidden Technologies plc has created 
a powerful internet video platform. This is 
packaged as FORscene for the professional 
market and as Clesh for consumers.
Accessible video is here now.  
Forbidden has brought it to you.
Forbidden Technologies’ FORscene won the award 
‘Technology in the Post-Production Process’ at the 
2005 Royal Television Society Awards.
T H E D E S I G N P O R T F O L I O
a member of the flathill communications group plc 
www.flathillplc.com
designed & produced by Forbidden Technologies plc
Annual Report and Accounts 2005 01
Highlights
➜ 
FORscene editing/publishing: Dozens of new features including audio/video levels, text alerts
➜
 FORscene import: Windows DV capture and file import software; QuickTime import on the Mac
➜ 
Marketing: Tapeless production, SIDF , IOV 2005, BBC Digilab, Travel Technology, IBC 2005
➜ 
FORlive: Showcase with live webcasts of AGM and IBC 2005 stand
➜ 
Integration: FORscene supports EDL/XML export to industry editing systems
➜ 
Logging: Professional logging added to FORscene
➜ 
TV broadcast: FORscene’s first national TV broadcast – “Trust Me – I’m a Holiday Rep”
➜ 
FORscene milestone: Video in FORscene for broadcast use passes 1,000 hours
➜ 
New codec: Forbidden develops Blackbird – a codec for editing
➜ 
Nokia N90: FORscene supports near-VHS quality camera phones with over-the-air upload/download
➜ 
White label: FORscene easily branded for third-party distribution
➜ 
International: Foreign language versions of FORmobile and FORscene
➜ 
Partners: New international partners in Europe and North America
➜ 
RTS Award: Royal Television Society Technology Award for FORscene
 IFC Corporate statement
 01 Highlights
 02 Clesh and FORscene
 04 Case study
 05 Chairman’s statement
 08 Chief Executive’s review
 10 Directors and advisors
 11 Directors’ report
 15 Statement of directors’ responsibilities
 16 Independent auditors’ report
 18 Profit and loss account
 19 Balance sheet
 20 Cash flow statement
 21  Reconciliation of movements in shareholders’ funds
 22  Notes
 29  Notice of annual general meeting
 31 FORscene shareholder offer The video sharing platform for 
the wired and wireless world
“ The ability to view programmes 
in real-time, from anywhere in the 
world, is a huge leap forward for 
television journalists.”
Geoff Wright, Chief Engineer, GMTV
The accessible consumer 
internet video platform
“ The launch of the Clesh package 
will allow consumers that next 
level of functionality when it 
comes to editing their footage 
and sharing videos with family 
and friends.”
Richard Ayres, Portal Director and Editor, Tiscali.co.uk
02
Forbidden Technologies plc
Annual Report and Accounts 2005
Forbidden Technologies plc
Annual Report and Accounts 2005 03 FORscene is a simple solution for professional 
video logging, editing and publishing. Use it to:
➜ Log video content
➜  Edit video content
➜  Edit collaboratively over the internet
➜  Publish video for web, 
mobile, podcast
➜  Make programmes for broadcast
02
Forbidden Technologies plc
Annual Report and Accounts 2005
Forbidden Technologies plc
Annual Report and Accounts 2005 03
From PCs and Macs with broadband:
➜ Upload videos and photos
➜  Video formats include AVI 
and QuickTime
From Mobile:
➜  One-button upload for videos and 
pictures shot on mobile handset
➜  Point & click, drag & drop 
➜ Learn as you go, with tool tips
➜ Multiple audio channels per video
➜ Subtitles
➜ Dissolves
➜  Simple colour correction
➜  Audio levels control
➜  Web sharing – link to website, 
email, attach to blogs
➜  Mobile – play back on 
Symbian camera phones
➜ Podcast directly from Clesh
Film Use Clesh software Playback
➜ ➜ Case study: logging and assembly editing for Granada
“ During the logging phase, up to 20 individuals were 
simultaneously working on the rushes via standard desktop 
PCs in Granada. This enabled the editors and producer/directors 
to begin the editing process immediately. Whilst the loggers 
were logging, the directors were simultaneously viewing 
the logged material, mapping out their programmes prior to 
editing. Compared to the length of time and inconvenience of 
conventional logging solutions, this is an incredible leap forward.” 
Jo Manser, Head of Post Production, Nats
In the summer of 2005 Granada used FORscene 
to automate its entire logging process for the 
new reality show ‘Trust Me I’m a Holiday Rep’. 
It compressed and uploaded footage directly to 
the FORscene platform on the internet where it 
was accessible for logging through any desktop 
PC or Mac with a broadband internet connection. 
Chosen to reduce the cost and increase the 
efficiency of the project, FORscene was 
delivered to Granada under licence by Nats Post 
Production. The tool was initially brought in to 
electronically log all the footage generated. 
However, the producer/directors working on 
the series were so impressed by FORscene’s 
overall functionality and ease of use that they 
started to use it to create assembly edits. 
‘Trust Me I’m a Holiday Rep’, was ﬁlmed in 
Cyprus and aired on Five in September 2005.
“ Conventional logging techniques create huge challenges 
for broadcasters due to the time consuming reality of 
logging time codes and adding commentary by hand 
– this is especially true in the realm of reality TV . Forbidden 
Technologies is one of the few companies in the post 
production sector able to rise to these challenges by 
providing an automated tool, FORscene.”
Stephen Streater, CEO, Forbidden Technologies
Forbidden Technologies plc
Annual Report and Accounts 2005 04 Chairman’s statement
In the year to 31 December 2005, the sixth year of our 
development, the company recorded sales of £59,705 
compared to £76,788 in the previous year. Administrative 
expenses were £874,637 (2004: £787,563) and the loss 
for the year was £725,379 (2004: loss of £614,127).
At the year end the balance sheet showed £957,369  
of net current assets (2004: £1.68 million) and liquid 
resources of £876,919 (2004: £1.61 million).
The lower sales level is a reflection of the change in our 
business model from the licensing of individual copies 
of our compression software to organisations putting 
video onto websites, to the delivery of logging and 
editing solutions to television post production teams.
The increase in administrative expenses was almost 
entirely due to the recruitment of new staff.
The balance sheet reflects the continuing tight control 
which is exercised over all costs in the company.
Strategy
In the annual report for the year ended 31 December 2004 
the board outlined a revised strategy for the company 
and indicated key market sectors upon which Forbidden 
would concentrate:
1. Professional post production
2. Consumer (i.e. in-home) editing and publishing
3. Intruder and fire security
To date these sectors have proven to be an appropriate 
selection. Mobile phone applications which we 
previously identified separately are now an integral  
part of each of our sector offerings. All three of these 
sectors are developed from the same core platform – 
FORscene. All gain from improvements in our dynamic 
R & D activities and our ability to enhance our products 
to meet our partners’ and customers’ individual needs.
The pace of commercialisation in each sector has varied 
through the past year as we have flexed our resource 
allocations to reflect the urgency and immediacy of 
each opportunity, however, the chosen strategic 
sectors remain our focus going forward.
Market place
As predicted, 2005 saw significant growth of the key 
technologies and their market penetration in the UK 
which are critical to the expansion of our business. 
Computers provided much increased storage capacity, 
broadband connections accelerated at a remarkable rate 
to a level today in excess of 10 million homes and the 
typical broadband speed on new computers has gone 
from 512Kbps to around 2Mbps. Broadband costs have 
come down from an average of £20+ per month to the 
latest launch of free broadband 8Mb connection from 
Carphone Warehouse. Picture quality on mobile phones 
has increased significantly. The latest models can now 
capture video at near VHS quality.
All of these developments increase the potential sales 
revenues of the company’s products, since they are the 
pre requisite conditions upon which our research and 
development efforts have been based.
Current activities
Professional post production
The continuing development and refinement of 
FORscene has been our top priority over the past six 
months. It has absorbed a high proportion of our R & D 
effort as interest and involvement of major broadcasters 
and partners has increased month by month throughout 
the various pilots that have been taking place. Individual 
customer needs have been identified and satisfied.
FORscene is a truly revolutionary product in the post 
production process of programme creation and is 
described as ‘disruptive technology’ by experts in the 
“ Our shareholders should begin to see signiﬁcant 
change in the proﬁle of the business.”
Forbidden Technologies plc
Annual Report and Accounts 2005 05 Chairman’s statement continued
industry. In December 2005, Forbidden won the 
Royal Television Society Award for the best 
technology innovation in the post production 
process. The award ceremony was videoed on one 
of the new generation mobile phones, uploaded over 
the air into FORscene, edited and published for web 
and mobile delivery. It can be seen on our website at  
http://www.forbidden.co.uk/videos/rts/.
FORscene provides very high value by saving both 
significant time and money and simplifying life for loggers, 
editors, producers and directors. More detail is provided  
in the Chief Executive’s Review in the next pages.
Post production costs can represent 25% or more of 
total programme costs, and, as the hours shot increase 
for productions (partly driven by lower costs of digital 
footage), so the attraction of significant savings offered 
by FORscene increases. This is a world wide market and 
is worth hundreds of millions of pounds a year.
Another example of the power of the FORscene 
platform is its use by the British Army to publish 
frequent videos, recording an expedition to Mount 
Everest. The videos can be downloaded onto mobile 
phones of interested parties and potential army recruits 
as part of an Army recruitment drive.
FORscene will also be used by IBC TV News at the 
International Broadcasting Convention in Amsterdam 
in September, providing a most appropriate exposure 
of our mobile capability.
Consumer editing and publishing
Clesh is the consumer version of FORscene. You can 
sign up for Clesh at our website at http://info.clesh.com.
The consumer use of video clips is soaring following  
the introduction of internet video sites such as Google 
Video and YouTube, where consumers contribute and 
share their video content.
A site such as YouTube in the USA has grown in twelve 
months to have 40 million video clips per day viewed 
by its members, demonstrating the explosive potential 
of the web as the primary medium for communication.
Clesh was introduced to the UK market in early 2006 
through a promotion with Tiscali, the internet and 
broadband company. Consumers now have access to  
a free, basic account through the Clesh.com website.
Forbidden Technologies plc
Annual Report and Accounts 2005 06
Forbidden’s office  constituents to be able to take its place in this explosion:
a)  Simplicity and accessibility: go to the web page and 
Clesh is there.
b)  It is cross-platform: it can be used on PC, mobile or 
video iPod.
c)  The content is generated by the user and consumer: 
the more videos that people put into the system the 
more there is to view.
During the next year the strategic imperative for Clesh is 
to build our customer base by attracting large groups of 
consumers to share their videos across the globe.
Intruder and fire security
In the latter stages of the year, management took  
the decision to focus resources on the immediate 
opportunity for FORscene in the broadcast market 
rather than an intruder and fire security product. 
However, the company intends to use the FORscene 
platform to develop a competitive product in this large 
market, albeit at a somewhat later date than was 
anticipated previously.
Board and staff
During 2005 the board welcomed Phil Madden  
as Finance Director following the retirement of  
Douglas Blaikie. One sales person resigned to relocate 
abroad and two new employees joined the Company.
Our thanks are owed to the dedication, enthusiasm and 
skill of our team in all capacities and it continues to be 
a pleasure to see such good product and service output, 
consistently achieved.
Prospects
In the interim report for 2005 I indicated that the 
company had high confidence in significant sales 
expansion in 2006. This continues to be our view and 
orders in the first quarter are significantly ahead of the 
first six months of the previous year. If our expectations 
of the outcome of the various pilots and projects with 
broadcasters are realised, our shareholders should begin 
to see significant change in the profile of the business.
Victor Steel 
Chairman 
25 April 2006
Forbidden Technologies plc
Annual Report and Accounts 2005 07
 
Summary of the Chairman’s statement
➜ UK home broadband connections grew to over 10 million
➜ FORscene won Royal Television Society Award in 2005
➜ Clesh begins to develop its customer base for sharing videos
View from Forbidden’s office Forbidden Technologies plc
Annual Report and Accounts 2005 08
Chief Executive’s review
Introduction
In last year’s review, I outlined some of the technical 
and market expectations which have been fulfilled since 
the Forbidden Technologies flotation. Forbidden has 
applied its technology in an increasingly focused way 
as part of its plan to create the video platform for the 
internet – FORscene.
Internet video platform
The internet is becoming a major force in video creation 
and distribution. Consider the features to expect in an 
internet video platform:
➜ internet based – accessed through a web browser
➜ no installation – can run on any / every computer
➜ no configuration – easy to get up and running
➜ low cost or free
➜ simple to learn
➜ cross-platform editing – PC, Mac, Linux
➜  cross-platform publishing – Desktop, Mobile phone, 
video iPod
➜ wide in scope:
 – reviewing
 – logging
 – editing
 – web publishing
 – mobile / iPod publishing
 – hosting
➜ available in volume
The year has seen a further expansion of FORscene’s 
web and mobile publishing capability and a major 
acceleration in the internet video editing tool. It will 
come as no surprise that Forbidden’s FORscene meets 
all the criteria above for an internet video platform. 
The professional video market
To appreciate the focus of Forbidden’s market entry 
strategy, it helps to understand the workflow in the 
professional video market.
Video post production processes vary widely between 
productions. Video is shot using video cameras, and is 
generally stored on tape. Some or all of the following 
steps may then be carried out:
➜ ingest – transfer of video into the system
➜  review – look through source material and note what 
is there
➜  log – add transcript / enable shots to be found simply 
during editing
➜  shot selection – select shots / speech which might  
be useful
➜ shot ordering – construct the story
➜  rough cut – order the shots; trim to about the  
right length
➜ possibly re-ingest tape for the offline
➜  offline – make the programme, often at relatively low 
video quality
➜ possible re-ingest tape for the online
➜  online – finish the programme at top video quality  
for broadcast
The strategy has been to introduce FORscene into the 
relatively simple early stages of this process: ingest, 
review and log. As customers discover the benefits of 
our intuitive web based solution, it is simple to move  
up the value chain by just staying on the FORscene 
escalator a bit longer. In the few short months since its 
first broadcast use, FORscene has already moved up  
to shot selection, shot ordering and rough cut.
“ The internet is becoming a major force in video 
creation and distribution. Forbidden’s FORscene 
internet platform is ready for it.” Both FORscene and the global IT infrastructure it runs 
on continue to improve. It is already possible to finish 
entire programmes with FORscene on web and mobile. 
Consumer video – Clesh
Clesh is the consumer interface into the power of 
FORscene, with simplicity of use as the key priority.  
It allows consumers to experience the functionality and 
features of FORscene to edit and share their own video 
and mobile phone footage on the internet, through a 
home PC. The internet is so cheap that we can make 
our consumer version available for free. You can sign  
up for Clesh on our website at http://info.clesh.com/.
As we upgrade the Clesh video library to allow users to 
submit their own content, Clesh will be an increasingly 
attractive one-stop shop for internet video. Higher 
volume users will be able to purchase packages with 
extra features, extra storage, extra views and extra 
editing time, depending on requirements.
Technology
Underlying all Forbidden’s work is its technological strength.
Forbidden’s video compression technology has provided 
a unique codec designed for web-based editing. Control 
of the codec has led to improvements all the way 
through from storyboard editing to web publishing.
Forbidden’s Java player gives almost universal reach  
to Windows, Macs and PCs. The web player, which does 
not require installation, security updates or machine 
configuration, will play automatically on standard 
machines. Forbidden upgrades its Java player to  
meet the evolving needs of the market.
These days, high end mobile phones have internet 
access. Mobile publishing is a key component of 
Forbidden’s armoury.
FORscene is robust, automatically tuning itself to work 
well on a wide range of computer speeds and internet 
connection speeds.
These technical solutions are not easily copied by third 
parties as the expertise required is so specialised and 
has taken a long time to accumulate.
Technology award
FORscene has been recognised in the recent Royal 
Television Society Technology Award, awarded by the 
unanimous decision of the judges.
FORscene is the perfect product for this potentially 
vast and exciting market.
Shareholder offer
This year’s shareholder offer is £1,000 worth of free 
credits. The form is at the back of the annual report 
and accounts.
Regulatory (IFRS)
Forbidden Technologies plc expects to adopt IFRS in the 
financial statements for the year ended 31 December 2007. 
The board has begun considering the differences 
between UK accounting standards and IFRS, and have 
identified ‘accounting for development’ costs as an area 
which could impact on the Company’s financial statements 
going forward.
Stephen Streater
Chief Executive
25 April 2006
 
Summary of the Chief Executive’s review
➜ Forbidden is technologically strong
➜ FORscene is a one-stop-shop for internet video
➜ Cheap internet allows us to make Clesh free
Forbidden Technologies plc
Annual Report and Accounts 2005 09 Directors and advisors
10
Forbidden Technologies plc
Annual Report and Accounts 2005
Vic Steel 
Chairman
Victor Steel is chairman of MyGard plc and IdeasHub plc. Previous 
positions include having been deputy chairman of the Navy, Army  
and Air Force Institute (NAAFI), a non-executive director of Eidos plc, 
chairman of European Leisure plc, Mansfield Brewery plc, 
Woolworths plc and Superdrug. His career includes having 
been an executive director of Kingfisher plc, Guinness plc and 
the Beecham Group plc. He is a fellow of the Chartered Institute 
of Marketing and has wide experience of international business.
Stephen Streater
Chief Executive
Stephen Streater started his public company career as a founder  
of Eidos plc where his positions included managing director and 
director of video technology. Stephen founded and successfully 
floated Forbidden T echnologies plc where his combination of expertise  
in technology, business and finance has been instrumental in the 
creation of this exciting and technically vibrant company. Stephen’s 
visionary approach can be controversial at times and he enjoys 
presenting his revolutionary ideas to public audiences, both at 
Exhibitions and in the press.
Phil Madden
Finance Director
Phil Madden has held senior finance positions at board and sub-board 
level for over 16 years. He has acted as Finance Director to Greater 
London Supplies, as Director of Finance and IT for the British 
Tourist Authority and as Director of Finance for a market-leading 
international development consultancy.
Greg Hirst
Business Development Director
In his Business Development role at Forbidden, Greg is responsible 
for managing customer and partner relationships and delivering 
the company’s technology into real life applications. Greg has held  
a number of senior positions in a 22-year career in the high tech 
industry. At Cap Gemini he was business development director 
of Cap Gemini Finance, responsible for the sourcing and introduction 
of new products. From 1998 to 2001 he was a director and managing 
director of Raft International, the business software company, which 
floated on the London Stock Exchange in October 2000. He has 
wide experience of delivering complex technological solutions to an 
international audience.
David Main
Non-Executive Director
David Main is currently an executive of Talisman Management Limited, 
a management advisory company for private equity groups, 
Chairman of Aqua Service Group based in Norway and a Director  
of Golf Entertainment International. He brings a wealth of retail, 
consumer products and technology experience to the board of 
Forbidden. Previously, he held a key board position within GUS 
Home Shopping, the largest home shopping company in the UK. 
David Main was also a partner within Bain & Company in both the 
UK and North America.
Registered office
2–4 St George’s Road 
London SW19 4DP
Registered number
3507286
Solicitors
Tarlo Lyons
Watchmaker Court 
33 St John’s Lane 
London EC1M 4DB
Nominated advisor
Brewin Dolphin Securities Limited
48 St Vincent Street 
Glasgow G2 5TS
Brokers
Bell Lawrie White
A division of Brewin Dolphin Securities Limited 
48 St Vincent Street 
Glasgow G2 5TS
Registrars
Capita Registrars
The Registry 
34 Beckenham Road 
Beckenham 
Kent BR3 4TU
Principal bankers
NatWest
Putney Branch 
153 High Street 
London SW15 1RX
Auditors
KPMG Audit Plc
8 Salisbury Square 
London EC4Y 8BB Forbidden Technologies plc
Annual Report and Accounts 2005 11
Directors’ report
The directors present their annual report and the audited financial statements for the year ended 31 December 2005.
Principal activities
The principal activity of the company is the development and commercial exploitation of video compression technology.
Business review
The company has continued with the development of video compression technology. A detailed review of the company’s 
performance is provided within the Chairman’s report. The results of the company are shown on page 18.
Proposed dividend
The directors do not recommend the payment of a dividend (2004: £nil).
Directors and directors’ interests
The directors who held office during the year were as follows:
SB Streater 
VJ Steel 
DD Blaikie (until 30 June 2005) 
DP Main 
GB Hirst 
PJ Madden (from 5 September 2005)
The directors who held office at the end of the financial year had the following interests in the shares of the 
company according to the register of directors’ interests:
     Interest at start 
     of year or date 
    Interest at of appointment 
    end of year  if later 
SB Streater  Ordinary shares of 0.8 pence   62,760,000 62,635,000
VJ Steel  Ordinary shares of 0.8 pence   362,500 352,500
DP Main   Ordinary shares of 0.8 pence   — —
GB Hirst   Ordinary shares of 0.8 pence   10,000 10,000
PJ Madden  Ordinary shares of 0.8 pence   — — 12
Forbidden Technologies plc
Annual Report and Accounts 2005
Directors and directors’ interests (continued)
According to the register of directors’ interests, no rights to subscribe for shares in or debentures of the company 
were granted to any of the directors or their immediate families, or exercised by them, during the financial year 
except as indicated below:
        Number of options during the year    Market price 
      Exercise on date of Date  
 At start     At end  price  exercise  from which Expiry 
 of year  Granted Exercised Lapsed of year £ £ exercisable date
VJ Steel  200,000 — — — 200,000 2.175 — 02/10/2003  02/10/2010
VJ Steel  50,000 — — — 50,000 0.625 — 30/03/2004  30/03/2011
VJ Steel  150,000 — — — 150,000 0.255 — 21/09/2004  21/09/2011
VJ Steel 100,000 — — — 100,000 0.475 — 04/04/2005 04/04/2012
VJ Steel  100,000 — — — 100,000 0.215 — 04/10/2005 04/10/2012
VJ Steel 100,000 — — — 100,000 0.31 — 08/05/2006 08/05/2013
VJ Steel 100,000 — — — 100,000 0.65 — 06/10/2006 06/10/2013
VJ Steel 100,000 — — — 100,000 0.35 — 04/05/2007 04/05/2014
VJ Steel 100,000 — — — 100,000 0.39 — 30/09/2007 30/09/2014
VJ Steel — 100,000 — — 100,000 0.22 — 29/04/2008 29/04/2015
VJ Steel — 100,000 — — 100,000 0.26 — 06/09/2008 06/09/2015
DD Blaikie  187,500 — — 187,500 Nil 2.175 — 02/10/2003  31/12/2005
DD Blaikie  25,000 — — 25,000 Nil 0.625 — 30/03/2004  31/12/2005
DD Blaikie  25,000 — — 25,000 Nil 0.255 — 21/09/2004  31/12/2005
DD Blaikie 50,000 — — 50,000 Nil 0.475 — 04/04/2005 31/12/2005
DD Blaikie 50,000 — — — 50,000 0.35 — 04/05/2007 04/11/2007
DD Blaikie 25,000 — — — 25,000 0.39 — 30/09/2007 30/03/2008
DP Main  50,000 — — — 50,000 0.625 — 19/04/2004 19/04/2011
DP Main  25,000 — — — 25,000 0.255 — 21/09/2004 21/09/2011
DP Main  25,000 — — — 25,000 0.215 — 04/10/2005 04/10/2012
DP Main 30,000 — — — 30,000 0.65 — 06/10/2006 06/10/2013
DP Main 50,000 — — — 50,000 0.35 — 04/05/2007 04/05/2014
DP Main 50,000 — — — 50,000 0.39 — 30/09/2007 30/09/2014
DP Main — 20,000 — — 20,000 0.22 — 29/04/2008 29/04/2015
DP Main — 50,000 — — 50,000 0.26 — 06/09/2008 06/09/2015
GB Hirst  50,000 — — — 50,000 0.255 — 21/09/2004 21/09/2011
GB Hirst 20,000 — — — 20,000 0.475 — 04/04/2005 04/04/2012
GB Hirst  50,000 — — — 50,000 0.215 — 04/10/2005 04/10/2012
GB Hirst 15,000 — — — 15,000 0.31 — 08/05/2006 08/05/2013
GB Hirst 25,000 — — — 25,000 0.31 — 08/05/2006 08/05/2013
GB Hirst 40,000 — — — 40,000 0.65 — 06/10/2006 06/10/2013
GB Hirst 50,000 — — — 50,000 0.35 — 04/05/2007 04/05/2014
GB Hirst 50,000 — — — 50,000 0.39 — 30/09/2007 30/09/2014
GB Hirst — 75,000 — — 75,000 0.22 — 29/04/2008 29/04/2015
GB Hirst — 50,000 — — 50,000 0.26 — 06/09/2008 06/09/2015
PJ Madden — 50,000 — — 50,000 0.26 — 06/09/2008 06/09/2015
Directors’ report (continued) Forbidden Technologies plc
Annual Report and Accounts 2005 13
Directors and directors’ interests (continued)
The market value of the shares at the year-end was 22.5p. The highest market value during the year was 34.5p 
and the lowest market value 17.5p.
Policy and practice on payment of creditors
The company does not follow any code. Creditors are paid in accordance with the terms of the invoice, subject 
to any particular agreement between the two parties. At the year-end trade creditors stood at £7,918 (2004: £nil).
Substantial shareholdings
At the year-end there were no shareholders, other than directors, who held an interest of 3% or more in the 
company’s ordinary share capital.
Share option schemes
Under the company’s approved share option scheme, options over 109,772 ordinary shares of 0.8p in the company 
were granted to five employees on 29 April 2005, exercisable at 22p per share within the period 29 April 2008 to 
29 April 2015, on condition of employment with the company. Options over 62,500 ordinary shares of 0.8p in the 
company were granted to four employees on 6 September 2005, exercisable at 26p per share within the period 
6 September 2008 and 6 September 2015, on condition of employment with the company.
The company also has an unapproved share option scheme under which options over 627,728 ordinary shares of 0.8p 
in the company were granted in total to eight directors and employees on 29 April 2005, exercisable at 22p per share 
within the period 29 April 2008 to 29 April 2015, on condition of employment with the company. Options over 
652,500 ordinary shares of 0.8p in the company were granted in total to nine directors and employees on 
6 September 2005, exercisable at 26p per share within the period 6 September 2008 to 6 September 2015, 
on condition of employment with the company.
On termination of employment, employees lose their share options unless the board exercises its discretion 
to let an employee retain their share options for a limited period.
The exercise price for the share options issued was the market value at the date the options were granted.
Directors’ report (continued) 14
Forbidden Technologies plc
Annual Report and Accounts 2005
Corporate governance
In June 1998, the London Stock Exchange published the Principles of Good Governance and Code of Best Practice 
(the Combined Code) which embraces the work of the Cadbury, Greenbury and Hampel committees and became 
effective in respect of accounting periods ending on or after December 1998.
The listing rules require that listed companies (but not companies traded on the Alternative Investment Market “ AIM”) 
incorporated in the UK should state in the report and accounts whether they comply with the Code of Best Practice 
and identify and give reasons for any area of non-compliance. The company is listed on AIM and therefore no 
disclosure is required.
The company supports the principles and aims of the code and follows the code wherever it is reasonable to do so. 
It operates an effective board which meets on a timely basis.
The board is aware of the requirements of the code and the need for appropriate controls and systems to safeguard 
the company’s assets. Wherever possible appropriate controls are in place and monitored by the board. However, 
full compliance with the code is not possible because of the size and resource constraints of the company and 
because of the relative cost benefit assessment in putting in place the additional procedures.
As the company grows in size and resources the board intends to increase its compliance.
This is not a statement of compliance as required by the Combined Code and should therefore not be relied 
upon to give the disclosures that would normally be made.
Political and charitable donations
The company made no political or charitable donations in the year (2004: £nil).
Research and development
The company has carried on research and development during the year, the costs of which are written off to the 
profit and loss account.
Auditors
In accordance with Section 384 of the Companies Act 1985, a resolution for the re-appointment of KPMG Audit Plc 
as auditors of the company is to be proposed at the forthcoming annual general meeting.
On behalf of the board
SB Streater
Director
2–4 St George’s Road
London SW19 4DP
18 May 2006
Directors’ report (continued) Forbidden Technologies plc
Annual Report and Accounts 2005 15
The directors are responsible for preparing the Directors’ report and the financial statements in accordance 
with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law 
the directors have elected to prepare the financial statements in accordance with UK Accounting Standards.
The financial statements are required by law to give a true and fair view of the state of affairs of the company 
and of the profit or loss for that period. 
In preparing those financial statements, the directors are required to:
➜ select suitable accounting policies and then apply them consistently;
➜ make judgements and estimates that are reasonable and prudent;
➜  state whether applicable accounting standards have been followed, subject to any material departures 
disclosed and explained in the financial statements; and
➜  prepare the financial statements on the going concern basis unless it is inappropriate to presume that 
the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any 
time the financial position of the company and to enable them to ensure that the financial statements comply with 
the Companies Act 1985. They have general responsibility for taking such steps as are reasonably open to them to 
safeguard the assets of the company and to prevent and detect fraud and other irregularities.
Under applicable law the directors are also responsible for preparing a Directors’ report that complies with that law.
Statement of directors’ responsibilities 16
Forbidden Technologies plc
Annual Report and Accounts 2005
We have audited the financial statements of Forbidden Technologies plc for the year ended 31 December 2005 
which comprise the profit and loss account, the balance sheet, the cash flow statement and the related notes. 
These financial statements have been prepared under the accounting policies set out therein.
This report is made solely to the company’s members, as a body, in accordance with Section 235 of the Companies 
Act 1985. Our audit work has been undertaken so that we might state to the company’s members those matters 
we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by 
law, we do not accept or assume responsibility to anyone other than the company and the company’s members as 
a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
As described in the Statement of directors’ responsibilities on page 15, the company’s directors are responsible 
for the preparation of the financial statements in accordance with applicable law and UK accounting standards 
(UK Generally Accepted Accounting Practice). Our responsibility is to audit the financial statements in accordance 
with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared 
in accordance with the Companies Act 1985. We also report to you if, in our opinion, the Directors’ report is not 
consistent with the financial statements, if the company has not kept proper accounting records, if we have not 
received all the information and explanations we require for our audit, or if information specified by law regarding 
directors’ remuneration and transactions with the company is not disclosed.
We read other information contained in the annual report and consider whether it is consistent with the audited 
financial statements. We consider the implications for our report if we become aware of any apparent 
misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend 
to any other information.
Independent auditors’ report
to the members of Forbidden Technologies plc Forbidden Technologies plc
Annual Report and Accounts 2005 17
Basis of audit opinion
We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit 
includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. 
It also includes an assessment of the significant estimates and judgements made by the directors in the preparation 
of the financial statements, and of whether the accounting policies are appropriate to the company’s circumstances, 
consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered 
necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements 
are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion 
we also evaluated the overall adequacy of the presentation of information in the financial statements.
Opinion
In our opinion: 
➜  the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted 
Accounting Practice, of the state of the company’s affairs as at 31 December 2005 and of its loss for the year 
then ended; and
➜  have been properly prepared in accordance with the Companies Act 1985.
KPMG Audit Plc 
Chartered Accountants
Registered Auditor
London
18 May 2006
Independent auditors’ report (continued)
to the members of Forbidden Technologies plc 18
Forbidden Technologies plc
Annual Report and Accounts 2005
    2005 2004 
   Note £ £
Turnover   2 59,705 76,788
Administrative expenses    (874,637) (787,563)
Operating loss    (814,932) (710,775)
Interest receivable and similar income  6 54,605 68,259
Loss on ordinary activities before taxation  3 – 5 (760,327) (642,516)
Tax on loss on ordinary activities   7 34,948 28,389
Loss for the financial year   14 (725,379) (614,127)
Basic and diluted loss per ordinary 0.8p share  8 (0.96p) (0.81p)
A statement of recognised gains and losses has not been included as part of these financial statements as the Company 
made no gains or losses in the year other than as disclosed in the profit and loss account.
A note on historical cost gains and losses has not been included as part of the financial statements as the results 
disclosed in the profit and loss account are prepared on an unmodified historical cost basis.
The results stated above are all derived from continuing operations.
Proﬁt and loss account
for the year ended 31 December 2005 Forbidden Technologies plc
Annual Report and Accounts 2005 19
  2005 2005 2004 2004 
 Note £ £ £ £
Fixed assets     
Tangible assets 9  9,729  15,812
Current assets     
Debtors 10 172,592  142,551 
Cash  —  —
Current asset investments 19 876,919  1,606,903 
  1,049,511  1,749,454 
Creditors: amounts falling  
due within one year 11 (92,142)  (72,789) 
Net current assets   957,369  1,676,665
Net assets   967,098  1,692,477
Capital and reserves    
Called up share capital 12  605,300  605,300
Share premium account 14  2,925,375  2,925,375
Capital contribution reserve 14  125,000  125,000
Profit and loss account 14  (2,688,577)  (1,963,198)
Shareholders’ funds – equity   967,098  1,692,477
These financial statements were approved by the board of directors on 18 May 2006 and were signed on its behalf by:
SB Streater  PJ Madden
Director   Director
Balance sheet
as at 31 December 2005 20
Forbidden Technologies plc
Annual Report and Accounts 2005
    2005 2004 
   Note £ £
Reconciliation of operating loss to net cash  
outflow from operating activities
Operating loss    (814,932) (710,775)
Depreciation charges    25,541 30,130
Decrease/(increase) in debtors    (4,618) 27,163
Increase/(decrease) in creditors    19,353 (12,193)
Net cash outflow from operating activities   (774,656) (665,675)
Cash flow statement
Cash flow from operating activities    (774,656) (665,675)
Returns on investments and servicing of finance  16 64,130 68,882
Taxation    — 25,277
Capital expenditure   16 (19,458) (32,124)
Cash outflow before management of liquid resources   (729,984) (603,640)
Management of liquid resources   16 729,984 589,945
Financing   16 — 5,625
(Decrease) in cash in the year    — (8,070)
Reconciliation of net cash flow to movement in net funds
(Decrease)/increase in cash in the year  17  — (8,070)
Cash outflow from decrease in liquid resources  17 (729,984) (589,945)
Movement in net funds in the year    (729,984) (598,015)
Net funds at the start of the year    1,606,903 2,204,918
Net funds at the end of the year    876,919 1,606,903
Cash ﬂow statement
for the year ended 31 December 2005 Forbidden Technologies plc
Annual Report and Accounts 2005 21
    2005 2004 
    £ £
Loss for the financial year    (725,379) (614,127)
New share capital subscribed (net of issue costs)   — 5,625
Net reduction in shareholders’ funds   (725,379) (608,502)
Opening shareholders’ funds    1,692,477 2,300,979
Closing shareholders’ funds    967,098 1,692,477
Reconciliation of movements in shareholders’ funds
for the year ended 31 December 2005 22
Forbidden Technologies plc
Annual Report and Accounts 2005
1 Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered 
material in relation to the financial statements, except as noted below. In these financial statements the following 
new standards have been adopted for the first time: 
➜ FRS 21 ‘Events after the balance sheet date’; 
➜ the presentation requirements of FRS 25 ‘Financial instruments: presentation and disclosure’; and
➜ FRS 28 ‘Corresponding amounts’.
FRS 28 ‘Corresponding amounts’ has had no material effect as it imposes the same requirements for comparatives 
as hitherto required by the Companies Act 1985. 
Fixed assets and depreciation
Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by 
equal instalments over their estimated useful economic lives as follows. A full year’s charge is provided in 
the year of acquisition:
Leasehold improvements – Over the life of lease 
Fixtures and fittings – 50% straight line per annum 
Computer equipment – 50% straight line per annum
Foreign currencies
Transactions in foreign currencies are recorded using the rate ruling at the date of the transaction. Monetary assets 
and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance 
sheet date and the gains and losses on translation are included in the profit and loss account.
Leases
Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the lease.
Employee share schemes
The cost of awards to employees that take the form of rights to shares are recognised over the period of the 
employee’s related performance. The company does not issue options at below market price. National insurance 
contributions are accrued in accordance with standard accounting practice.
Research and development expenditure
Expenditure on research and development is written off to the profit and loss account in the year in which it is incurred.
Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing 
differences. Deferred tax is recognised, without discounting, in respect of all timing differences between the 
treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance 
sheet date, except as otherwise required by FRS 19.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to 
customers. For the supply of equipment and maintenance charges, turnover is recognised at the time of invoicing 
and invoices are raised upon the completion of the services provided. Revenue derived from the sale of FORscene 
credits is recognised on an accruals basis in line with the amount of editing time used. FORscene credits that have 
been billed but not used are treated as deferred revenue. 
Notes
forming part of the ﬁnancial statements Forbidden Technologies plc
Annual Report and Accounts 2005 23
1 Accounting policies (continued)
Cash and liquid resources
Cash, for the purpose of the cash flow statement, comprises cash in hand and deposits repayable on demand, 
less overdrafts payable on demand. Liquid resources are current asset investments which are disposable without 
curtailing or disrupting the business and are either readily convertible into known amounts of cash at, or close to, 
their carrying values or traded in an active market. Liquid resources comprise term deposits of less than one year 
and a corporate bond.
2 Turnover
Turnover represents the amounts (excluding value added tax) derived from the principal activity and has been 
entirely earned within the UK.
3 Loss on ordinary activities before taxation
    2005 2004 
    £ £
Loss on ordinary activities before taxation is stated after charging:  
Auditors’ remuneration  
 Audit     19,000 17,850
 Other services     13,300 3,159
Depreciation and other amounts written off tangible fixed assets: owned  25,541 30,130
Hire of other assets – operating leases   44,150 44,150
Research and development expenditure   159,773 116,896
4 Remuneration of directors
    2005 2004 
    £ £
Directors’ emoluments    98,333 94,999
Amounts paid to third parties in respect of directors’ services  7,500 12,000
    105,833 106,999
Share options held by the directors are disclosed under directors’ share interests in the Directors’ report.
5 Staff numbers and costs
The average number of persons employed by the company (including directors) during the year, analysed by 
category, was as follows:
    Number of  Number of  
    employees employees 
    2005 2004
Management    4 5
Technical    5 4
Marketing    4 3
    13 12
The aggregate payroll costs of these persons were as follows:
    2005 2004 
    £ £
Wages and salaries    359,700 290,774
Social security costs     35,736 32,135
    395,436 322,909
Notes (continued)
forming part of the ﬁnancial statements 24
Forbidden Technologies plc
Annual Report and Accounts 2005
6 Other interest receivable and similar income
    2005 2004 
    £ £
Bank interest    54,605 68,259
7 Taxation
Analysis of credit in the period
    2005 2004 
    £ £
UK corporation tax  
Current tax on income for the period    — —
Research and development tax credit   (34,948) (28,055)
Adjustments in respect of prior periods   — (334)
Total current tax    (34,948) (28,389)
Current tax reconciliation  
Loss on ordinary activities before tax    (760,327) (642,516)
Current tax at 20% (2004: 20%)    (152,065) (128,503)
Effects of:  
Expenses not deductible for tax purposes   5,108 1,123
Capital allowances for period lower than/(in excess of) depreciation  5,108 6,026
Employee share acquisition relief    3,785 (12,410)
Tax losses carried forward    108,941 145,454
Additional deduction for research and development expenditure  (14,562) (11,690)
Rate differences for research and development tax credit  8,737 —
Research and development tax credit   — (28,055)
Adjustment to tax charge in respect of previous periods   — (334)
Total current tax credit (see above)    (34,948) (28,389)
Tax losses amounting to £2,606,000 (2004: £2,062,000) are available to relieve against future profits of the company.
Unrecognised deferred tax assets
    2005 2004 
    £ £
Depreciation in excess of capital allowances   18,163 13,055
Tax losses carried forward    521,293 412,352
    539,456 425,407
Deferred tax assets have not been recognised as they are not considered recoverable in the foreseeable future.
8 Earnings per share
Diluted earnings per share has not been presented as including all potential ordinary shares in the calculation would 
be anti-dilutive.
Basic earnings per share
The weighted average number of shares in issue during the year is 75,662,500 (2004: 75,539,726).
Notes (continued)
forming part of the ﬁnancial statements Forbidden Technologies plc
Annual Report and Accounts 2005 25
9 Tangible fixed assets
  Leasehold Fixtures and Computer  
  improvements fittings equipment Total 
  £ £ £ £
Cost    
At beginning of year  14,084 23,281 145,788 183,153
Additions  — 273 19,185 19,458
At end of year   14,084 23,554 164,973 202,611
Depreciation    
At beginning of year  14,084 22,765 130,492 167,341
Charge for year  — 653 24,888 25,541
At end of year  14,084 23,418 155,380 192,882
Net book value    
At 31 December 2005  — 136 9,593 9,729
At 31 December 2004  — 516 15,296 15,812
10 Debtors
    2005 2004 
    £ £
Trade debtors    24,974 26,212
Other debtors    8,993 14,730
Prepayments and accrued income    138,625 101,609
    172,592 142,551
11 Creditors: amounts falling due within one year
    2005 2004 
    £ £
Trade creditors    7,918 —
Directors’ loans    6,640 —
Taxation and social security    23,145 21,930
Accruals and deferred income    54,439 50,859
    92,142 72,789
12 Called up share capital
    2005 2004 
    £ £
Authorised:  
125,000,000 ordinary shares of 0.8p each  
(2004: 125,000,000 ordinary shares of 0.8p each)    1,000,000 1,000,000
Allotted, called up and fully paid:  
75,662,500 ordinary shares of 0.8p each  
(2004: 75,662,500 ordinary shares of 0.8p each)   605,300 605,300
During the year the company issued no shares under the terms of the share option schemes.
Notes (continued)
forming part of the ﬁnancial statements 26
Forbidden Technologies plc
Annual Report and Accounts 2005
12 Called up share capital (continued)
The directors held the following options to subscribe for shares in the company:
  At end At beginning 
 Class of share of year of year
VJ Steel Ordinary shares of 0.8 pence 1,200,000 1,000,000
DD Blaikie Ordinary shares of 0.8 pence 75,000 362,500
DP Main Ordinary shares of 0.8 pence 300,000 230,000
GB Hirst Ordinary shares of 0.8 pence 425,000 300,000
PJ Madden Ordinary shares of 0.8 pence 50,000 —
Details of the dates and prices at which the shares are exercisable are disclosed under directors’ share interests in 
the Directors’ report.
13 Share options
The company believes that share ownership by executive directors and key staff strengthens the link between their 
personal interests and those of the shareholders. It therefore operates both an approved and an unapproved share 
option scheme under which options have been granted.
The exercise price must not be less than the higher of 1) the nominal value of the share and 2) the market value 
of the share at the date of the grant.
   Number of shares Number of shares 
  Range of  for which rights for which rights 
Exercise price Date   dates are exercisable are exercisable 
(pounds) granted exercisable 2005 2004
Unapproved    
2.175 02/10/2000 02/10/2003 – 02/10/2010 200,000 387,500
0.625 30/03/2001 30/03/2004 – 30/03/2011 50,000 75,000
0.625 19/04/2001 19/04/2004 – 19/04/2011 50,000 50,000
0.255 21/09/2001 21/09/2004 – 21/09/2011 643,750 668,750
0.475 04/04/2002 04/04/2005 – 04/04/2012 412,500 462,500
0.215 04/10/2002 04/10/2005 – 04/10/2012 487,500 487,500
0.31 08/05/2003 08/05/2006 – 08/05/2013 306,534 306,534
0.65 06/10/2003 06/10/2006 – 06/10/2013 447,884 447,884
0.35 04/05/2004 04/05/2007 – 04/05/2014 564,143 564,143
0.39 30/09/2004 30/09/2007 – 30/09/2014 599,359 443,109
0.22 29/04/2005 29/04/2008 – 29/04/2015  627,728 —
0.26 06/09/2005 06/09/2008 – 06/09/2015 652,500 —
Approved    
0.255 21/09/2001 21/09/2004 – 21/09/2011 62,500 62,500
0.475 04/04/2002 04/04/2005 – 04/04/2012 20,000 20,000
0.215 04/10/2002 04/10/2005 – 04/10/2012 15,000 15,000
0.31 08/05/2003 08/05/2006 – 08/05/2013 188,466 188,466
0.65 06/10/2003 06/10/2006 – 06/10/2013 74,616 74,616
0.35 04/05/2004 04/05/2007 – 04/05/2014 115,857 93,107
0.39 30/09/2004 30/09/2007 – 30/09/2014 88,141 88,141
0.22 29/04/2005 29/04/2008 – 29/04/2015  109,772 —
0.26 06/09/2005 06/09/2008 – 06/09/2015 62,500 —
Notes (continued)
forming part of the ﬁnancial statements Forbidden Technologies plc
Annual Report and Accounts 2005 27
14 Share premium and reserves
   Share Capital  
   premium contribution Profit and 
   account  reserve loss account 
   £ £ £
At beginning of year   2,925,375 125,000 (1,963,198)
Loss for year   — — (725,379)
At end of year   2,925,375 125,000 (2,688,577)
The capital contribution reserve is distributable.
15 Commitments
Annual commitments under non-cancellable operating leases are as follows:
    2005 2004 
    Land and Land and 
    buildings buildings 
    £ £
Operating leases which expire:  
 within one year    44,150 44,150
16 Analysis of cash flows
    2005 2004 
    £ £
Returns on investment and servicing of finance  
Interest received    64,130 68,882
Capital expenditure  
Purchase of tangible fixed assets    (19,458) (32,124)
Management of liquid resources  
Cash on term deposit    729,984 589,945
Financing  
Issue of ordinary share capital    — 5,625
17 Analysis of net funds
   At beginning  At end 
   of year Cash flow of year 
   £ £ £
Cash in hand and at bank   — — —
Current asset investments   1,606,903 (729,984) 876,919
   1,606,903 (729,984) 876,919
Notes (continued)
forming part of the ﬁnancial statements 28
Forbidden Technologies plc
Annual Report and Accounts 2005
18 Related party transactions
Fees of £11,250 (2004: £12,000) in respect of DD Blaikie’s services first, as a director of the company and 
subsequently as a consultant, were paid to Kittaspec Securities Limited, a company of which DD Blaikie is 
a director. No amounts were outstanding at the year-end.
Fees of £180 (2004: £708) in respect of security fittings being made by MyGard, a company of which VJ Steel is a 
director, were paid in the year. No amounts (2004: £118) were due to MyGard by Forbidden Technologies plc at the 
year-end.
19 Financial instruments
The company’s financial instruments comprise trade debtors, trade creditors, cash, corporate bond and equity shares.
The company has not entered into any derivative or other hedging instruments.
The company’s policy is to finance its operation and expansion through the issue of equity share capital.
Financial assets comprise cash at bank and in hand and current asset investments. Financial assets and financial 
liabilities exclude short term debtors and creditors. The fair value of the financial assets and financial liabilities are 
not materially different from their carrying values.
Interest rate risk
Cash balances attract a floating rate of interest. The corporate bond has a fixed interest rate of 4.355%.
The company does not have any borrowings.
Liquidity risk
All financial liabilities fall due in one year or less. The company has no material un-drawn committed 
borrowing facilities.
Foreign currency risk
The company has no transactional exposure in respect of costs denominated in currencies other than sterling.
The company does not currently hedge against foreign currency risk because there is no exposure at this time.
20 Ultimate controlling party
The ultimate controlling party of the company is SB Streater by virtue of his shareholding.
Notes (continued)
forming part of the ﬁnancial statements Forbidden Technologies plc
Annual Report and Accounts 2005 29
NOTICE IS HEREBY GIVEN that the annual general meeting of Forbidden Technologies plc will be held at  
2–4 St George’s Road, Wimbledon, London SW19 4DP on 27 June 2006 at 11.00 am for the following purposes:
As ordinary business
1.  To receive the report of the directors and the audited accounts of the company for the financial year ended 
31 December 2005.
2.  To re-elect Mr VJ Steel, who retires by rotation pursuant to Article 118 of the company’s Articles of Association 
and who, being eligible, offers himself for re-election, as a director.
3.  To elect Mr PJ Madden, who was appointed a director on 5 September 2005 and retires in accordance 
with Article 113 of the company’s Articles of Association and who, being eligible, offers himself for election, 
as a director.
4. To re-appoint KPMG Audit Plc as auditors and to authorise the directors to fix their remuneration.
As special business
5. To consider and, if thought fit, pass the following resolution as a Special Resolution:
  THAT the directors be and they are hereby empowered, pursuant to Section 95 of the Companies Act 1985 
(the “Act”), to allot equity securities (within the meaning of Section 94 of the Act) pursuant to the authority given 
in accordance with Section 80 of the Act by ordinary resolution dated 29 April 2005, as if Section 89(1) of the 
Act did not apply to such allotment, provided that this power shall be limited to:
 (a)  the allotment of ordinary shares of 0.8p each in the capital of the company pursuant to the following share 
option schemes of the company:
  (i) the Approved Share Option Scheme adopted by the company on 13 January 2000;
  (ii)  the Unapproved Share Option Scheme adopted by the company on 13 January 2000 (as amended by 
resolution of the board dated 25 January 2000),
  up to a maximum of 10% of the issued share capital of the company from time to time;
 (b)  the allotment otherwise than pursuant to sub-paragraph (a) above of equity securities up to an aggregate 
nominal value of £30,265 (representing 5% of the company’s issued share capital as at the date of this Notice),
  and shall expire at the conclusion of the next annual general meeting of the company in 2007, except that the 
company may before such expiry make an offer or agreement which would or might require equity securities 
to be allotted after such expiry and the directors may allot equity securities in pursuance of such offer or 
agreement as if the power conferred hereby had not expired.
By order of the board
MC Kay   Registered office:
Secretary 2–4 St George’s Road
29 May 2006 London SW19 4DP
Notice of annual general meeting 30
Forbidden Technologies plc
Annual Report and Accounts 2005
Notes:
1.  A member entitled to attend and vote at the meeting may appoint one or more proxies to attend and (on a poll) 
vote instead of him. A proxy need not be a member of the company. Appointment of a proxy will not preclude 
a member from attending and voting in person if he so wishes.
2.  A proxy form is enclosed. To be effective, the proxy form and the power of attorney or other authority (if any) 
under which it is signed or a notarially certified copy of such power or authority must be deposited at Capita 
Registrars, Proxy Department, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU not less than 
48 hours before the time fixed for the meeting or, in the case of a poll, not less than 24 hours before the time 
of taking of the poll.
3.  Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, only holders of shares in the capital 
of the company who are registered in the Register of Members at 11.00 am on 25 June 2006 (or 48 hours 
before any adjourned meeting) are entitled to vote at the meeting (or any adjourned meeting). Changes to 
entries on the Register of Members after such times shall be disregarded in determining the rights of any person 
to attend and vote at the meeting.
4.  The Register of directors’ interests in the shares of the company and copies of the service agreements between 
the company and its directors will be available for inspection at the registered office of the company during 
usual business hours on any weekday (Saturdays and public holidays excluded) and also on the date and at the 
place of the meeting from 10.00 am until the conclusion of the meeting.
 
Notice of annual general meeting (continued) Forbidden Technologies plc
Annual Report and Accounts 2005 31
✂
I am a registered shareholder and would like to apply for the Forbidden Technologies plc shareholder offer of 
£1,000.00 of free credits for use with FORscene.
My details follow:
*Registered name ................................................................................................................................................................
*Registered address ............................................................................................................................................................
(account details will be posted here)
..........................................................................................................................................................................................................
..........................................................................................................................................................................................................
..........................................................................................................................................................................................................
..........................................................................................................................................................................................................
*Email address ...............................................................................................................................................................................
Connection speed (eg 2Mb/s) ......................................................................................................................................................
Computer CPU speed (eg 3GHz) ..................................................................................................................................................
*denotes compulsory field
Current FORscene details can be found on the Forbidden Technologies website: http://forscene.net/
I understand that these credits are not refundable for cash. I understand that any credits unused after one year 
will expire. I understand that I will be using FORscene under the standard terms and conditions as published on 
Forbidden’s website and amended from time to time.
Signed ..............................................................................................................................................................................................
Name ...............................................................................................................................................................................................
Dated ...............................................................................................................................................................................................
FORscene shareholder offer Afﬁx 
stamp
here
Forbidden Technologies plc 
2-4 St George’s Road 
Wimbledon 
London SW19 4DP
Second fold
Third fold and tuck in 
First fold Forbidden Technologies plc has created 
a powerful internet video platform. This is 
packaged as FORscene for the professional 
market and as Clesh for consumers.
Accessible video is here now.  
Forbidden has brought it to you.
Forbidden Technologies’ FORscene won the award 
‘Technology in the Post-Production Process’ at the 
2005 Royal Television Society Awards.
T H E D E S I G N P O R T F O L I O
a member of the flathill communications group plc 
www.flathillplc.com
designed & produced by Annual Report and Accounts 2005
Focus on FORscene
Forbidden Technologies plc
2–4 St George’s Road
London SW19 4DP
Tel:  +44 (0)20 8879 7245
Fax:  +44 (0)20 8946 4871
Web:  www.forbidden.co.uk
Forbidden Technologies plc Annual Report and Accounts 2005