The Gulls currently sit in 22nd place and are six points adrift of safety, having also played three more games than Barrow who are perched just above the drop zone.
Tuesday’s 1-0 victory away at Leyton Orient gave Gary Owers and his players a glimmer of hope at what could prove to be the start of a great escape.
They head to fellow relegation threatened Solihull Moors on Saturday, where another three points on the road could really make things interesting.
Fixtures against the bottom two clubs, Guiseley and Chester, follow for Owers’ men who have won just three of their last 15 games.
Should relegation occur, Osborne has confirmed that Torquay won’t become a part-time club and insists that funding for promotion will be in place.
Speaking to the club’s website, Osborne said: “I have heard a suggestion, should we be relegated to the National League South, we will follow the norm and become a part-time football club.
“This will not happen; the club will remain full-time and fully professional, and will be funded for promotion.
“We have invested into a new youth system, stadium upgrades, the reorganisation and strengthening of management and systems, and the background work for major redevelopment of a new stadium and academy.
“This is not a plan for moving down a league and going part-time, this is a plan for the long-term sustainable success of Torquay United.”