But Burns added that he does "not like the voluntary nature of what the Government is doing". He announced a doubling of pre-exceptional profit before tax to £2.52m and said: "We're able to deal with whichever direction the market takes. But the Government should either accept peat has a serious environmental deficit or legislate against it. They haven't got the evidence to do that."
The company's 2009 net debt was eliminated this year, leaving net cash of £1.81m. It received a £9m advance payment from Natural England for its Bolton Fell site.
- For more on peat, see p12.