This really reflects the market context in which the balance sheet operates, and I'll talk in more detail to that later on.

Thank you, Mark.

This slide shows our four-year summarised results.

Our FY26 revenues were £34.1 million and we achieved a £500,000 increase in EBITDA to £8.1 million.

Our interim and proposed final dividend combined has reached the small milestone of one pence per share and our proposed final dividend is a 5% increase on the prior year.

We are maintaining a significant cash buffer at £26.4 million and can continue to fund our progressive dividend policy and our annual 3 million share buyback programme from our profitable fund management operations.

And whilst our net assets and net assets per share have decreased at this year end due to a reduction in the fair value of the direct investment portfolio, this is more a reflection of current market valuation multiples rather than, as Marcus said, a lack of commercial progress by the portfolio overall.

I'm going to pass Warwick Acoustics on to Martin, who I think has a passion as he's a Range Rover owner as well.