Downing Absolute Income VCT 1 plc is a venture capital trust. The Company�s investment objective is to provide shareholders with an attractive dividend return on their investment, whilst primarily investing in asset backed businesses. As of June 30, 2011, the Company�s investments included Bowman Care Homes Limited, Blue Cedars Holdings Limited, Downing (Pirbright Road) Limited, Kimbolton Lodge Limited, Heyford Homes (VCT) Limited, Gatewales Limited, Future Biogas (SF) Limited, Leytonstone Pub Limited, Chapel Street Services Limited, Chapel Street Food and Beverage Limited, West Tower Holdings Limited, Woolmer Properties Limited, Helcim Group Limited, Hoole Hall Country Holdings Limited, Manor Capital LLP, Bijou Wedding Venues Limited, Edison House Limited, Gingerbread Pre-School (UK) Limited and Alpha Schools Holdings Limited. The Company�s investment and administration manager is Downing LLP.