Annual review · Year ended 31 March 2020
Seed Banks and grain storage formed the core of Circuit’s work with farming communities in north-eastern Myanmar. The year’s report described community lending as a way to reduce reliance on costly loans and give families more secure livelihood options.
Seed Banks · Reported activity
Reported Seed Bank outputs. Figures are not measures of poverty reduction or trafficking prevented.
Communities took out low-interest loans together, sharing responsibility for repayment. Interest accumulated towards the goal of communities eventually running their own seed banks. Circuit reported stronger community unity and observed improvements in infrastructure, school attendance, health and living standards.
Love Conquers All Foundation bought grain directly from farmers and stored it for later sale, taking on the market risk. The report described the potential for trading income to help fund charitable work, but provided no quantified outcome results for this programme.
The team identified two priorities: favour plant-based projects where they carried less climate and disease risk, and favour community-owned projects where local accountability could support long-term sustainability.
Financial overview · NZD
Income exceeded expenses by $42,464. The year-end liabilities included a $100,000 loan for the purchase of land. Cash is shown separately from the annual surplus: the two measure different things.
Accounts use accrual accounting. The annual surplus or deficit is different from the change in cash. Figures are the reported totals.
| Total income | $347,683 |
|---|---|
| Total expenditure | $305,219 |
| Surplus | $42,464 |
| Cash at year end | $214,560 |
| Total assets | $215,553 |
| Total liabilities | $103,598 |
| Net assets | $111,955 |
Download the supplied service-performance section (PDF)
The original report includes a limited-assurance review by Adele’s Business Support Limited, dated 14 December 2020. A review involves fewer procedures than an audit; the reviewer did not express an audit opinion.
This reader edition is a retrospective summary prepared in September 2026. It does not replace the signed accounts, their accounting policies or notes, and has not itself been independently reviewed.
Source: original performance report, service performance pages 5–6, financial statements and notes pages 7–14, and independent review pages 15–16.