Lumen Foods' Logo Lumen Foods' Business Plan

The new warehouse known as "408 Scott St." marks Lumen Foods' newest capital improvement as it begins to gear up the expansion of its Stonewall's Jerquee line. Construction began and was completed in November, 2006 -- one month after the latest appraisal of its property.



Stonewall's Jerquee:  The Best-Selling Vegetarian Jerky in
 the U.S. The links at right will take you to the financial statements for Herbologics, Ltd. (d/b/a Lumen Foods) for the years ending July 31, 2004, 2005, and 2006. Links below each of these provide "revised" profit and loss statements that take into account non-reoccuring income and expenses, as well as discretionary expenses, that any new owner would not be expected to experience in their ownership of the business. Historically, in its 20 year history, profits from Lumen Foods (under Lumen Food Corporation from February, 1986 to August, 1993; and then under Herbologics, Ltd. from September, 1993 to the present) have been used to fund and spin off not less than 5 other enterprises. This precedent makes providing "revised" income statements essential to understanding what a new owner can realistically anticipate in financial performance from the company.
Income statements for all four quarters of 2006 are provided, along with a "revised" income statement covering the first three quarters.

Below this you will find bank statements from our lead bank -- covering the past 36 months, along with tax returns for the past three years.

Cathryn Caton / President, Herbologics
Cathryn Caton
President
Herbologics, Ltd.


f i n a n c i a l s

Income Statement 2004
Covers year ending 7/31/04
[ sans discretionary
revenue & expenses
]
Balance Statement 2004

Income Statement 2005
Covers year ending 7/31/05
[ sans discretionary
revenue & expenses
]
Balance Statement 2005

Excel Users

Balance Sheets for 2004, 2005 and 2006 Plus Income Statements for 2004, 2005, 2006 (six months ending January 31, 2006, and quarter ending April 30, 2006. -- (must have Excel installed; minimize window and re-open if tabs do not first appear).

Income Statement 2006

Balance Statement 2006



Granted, much of this is posted to give a sense of Lumen Foods' progress through its history --- it certainly isn't essential to 'due diligence.' Nonetheless, we include it for general interest. All sales are broken down according to month, year, and source (i.e. Wholesale / Retail or Mail Order).

UNFI (our largest distributor) -- latest sales ranking for Stonewall's (Aug. '05 to Aug. '06).



Click on "Bank Statements" to see the last 36 bank statements (cover sheets only, showing debit/credit totals on the lead account). Note that these totals contain business unrelated to the core operation, which is why studying the financials are is crucial.



Click on "Tax Returns" to see the last three years Form 1120 tax returns. Again, note that the figures therein contain business unrelated to the core operation.


QUICK LINKS
Opening Business Plan Exec Summary Asset Allocation Pictorial
Asset Detail History/Future Growth Product Line Management
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