Although the figure is an improvement on the previous year's loss of �175,885, it is the seventh successive year the club has finished in the red.

That brings cumulative losses over the past seven years to �650,000.

However, this week saw construction begin on the redevelopment of Glamorgan's Sofia Gardens home into a ground that can host Test cricket.

The Cardiff venue is undergoing a planned �7.5m redevelopment, designed to treble the current 5,500 capacity ahead of an Ashes Test match in 2009.

Glamorgan finance and commercial director Alan Hamer said: "The redevelopment of Sophia Gardens into a modern, purpose-built stadium will have a profound effect on the club's finances.

"We are already in discussions with potential sponsors for the new stadium.

"And we will shortly open a sales office in Sophia Gardens to market the sale of hospitality boxes and business club memberships in the redeveloped stadium."