Group turnover rose to £52,238 - up from £20,000 in 2008.

Chairman Anthony Liston said: "With the 2009 financial year now behind us, we are in a position to embrace the exciting opportunities ahead of us.

"The period ahead will undoubtedly present many challenges and opportunities that the directors are keen to tackle in order to return the company to a period of sustainable growth in shareholder value.

"The directors remain confident that the Ezybonds brand will secure a prominent place in the emerging global payment and funds transfer sector and Beijing Ozland Technology's operations will generate significant interest in China."

Story provided by Business Financial Newswire