We report improvements to the molecular tagging velocimetry and thermometry (MTV&T) technique for the simultaneous measurement of velocity and temperature fields in fluid flows. A phosphorescent molecule, which can be turned into a long lifetime tracer upon excitation by photons of appropriate wavelength, is used as a tracer for both velocity and temperature measurements. A pulsed laser is used to 'tag' the regions of interest, and those tagged regions are imaged at two successive times within the lifetime of the tracer molecules. The measured Lagrangian displacement of the tagged molecules provides the estimate of the fluid velocity vector. The simultaneous temperature measurement is achieved by taking advantage of the temperature dependence of phosphorescence lifetime, which is estimated from the intensity ratio of the tagged molecules in the two images. In relation to the original molecular tagging thermometry work of Thompson and Maynes (2001 J. Fluid Eng. 123 293-302), the improvements reported here are the use of lifetime imaging as a ratiometric method to enhance the robustness and accuracy of temperature measurements and the extension of the technique to simultaneous whole-field planar mapping of velocity and temperature fields. Compared with other simultaneous velocity and temperature measurement techniques such as combined PIV-LIF (Sakakibara et al 1997 Int. J. Heat Mass Transfer 40 3163-76, Grissino et al 1999 Proc. 3rd Int. Workshop on Particale Image Velocimetry (Santa Barbara, CA, USA, 16-18 September 1999)) and the DPIV/T technique (Park et al 2001 Exp. Fluids 30 327-38), this method accomplishes the same objectives but with a completely molecular-based approach. Because of its molecular nature, issues such as tracking of the flow by the seed particles and the thermal response of the thermal tracer particles are eliminated. In addition, the use of a single molecular tracer and a dual-frame CCD camera provides for a much reduced burden on the instrumentation and experimental set-up. The implementation and application of the new technique are demonstrated by conducting simultaneous velocity and temperature measurements in the wake region of a heated circular cylinder at a Richardson number of 0.36, a value large enough for the buoyancy effects to potentially influence the flow.