I see, you want to distribute you PHP applications to people, who may have access to your source.
I know that if you use CGI, you can compile the perl code into an exe, but not sure wether this can be done in PHP.
Im gonna look it up today to see wether it is possible.
What you could do is write an encrypting algorithm (plenty available on the internet), that encrypts your sourcecode. The when you want to use it you decrypt it and run it as PHP code.