<p>Covering April 2018- December 2018, these management accounts sent to investors indicate a profit in the period of &pound;203,572.</p>

<p>The accounts fail to show:</p>

<ul>
	<li>Management fees paid to McCulloch</li>
	<li>Investment fees</li>
	<li>Any interest or loan payments</li>
</ul>

<p>These accounts are partial and as presented are woefully unrepresentative and illustrates Mr McCulloch desire to mislead investors as to the true financial health of their investments.</p>

<p>&nbsp;</p>