Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 182

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1B
Chunk 182
---
771)
  
    Repayments of Related Parties advances 
     45,433  
     29,474 
  
    Loan from shareholder 
     10,000  
     — 
  
    Issue of common stock, net of issuance costs 
     92,000  
     125,530 
  
    Net cash provided by/(used in) financing activities 
     149,126  
     138,233 

    Net decrease in cash during the year 
     (3,590) 
     1,738 
  
    Cash, beginning of year 
     4,448  
     2,710 
  
    Cash, end of year 
     858  
     4,448 

See
accompanying notes

Page | 5

    LSEB
    Creative Corp.
  
    Notes
    to Consolidated Financial Statements
  
    For
    the Years Ending March 31, 2025 and 2024

1.NATURE
OF OPERATIONS

LSEB
Creative Corp. was incorporated as “Profit Corporation” on April 3rd, 2019 under Wyoming State regulations with registered
office at 1920 Thomes Ave Ste 610, Cheyenne, WY. On August 3, 2023, the Company incorporated its wholly-owned subsidiary 1000615000 Ontario
Corp, an Ontario corporation, and on September 12, 2023 filed articles of amendment to changed its name to LSEB Creative Corp (Ontario).
The purpose of the subsidiary is for GST/HST tax credits on importing goods into Canada.

LSEB
Creative Corp. is a specialty retailer that offers men and women elevated swimwear designs, constructed with the highest quality materials
and techniques. Our product concept focuses on coordinating items within the men’s and women’s sub-categories, which allows
customers the ability to coordinate with their partner. It’s this concept, along with our noteworthy fabrics, construction techniques,
and “ready-to-wear” inspired designs that will allow LSEB to capture a new space within the market.

Its
aim is to become a leading retailer in the global luxury fashion industry. The corporation is currently involved in concept, design,
manufacturing, and distribution of its products with emphasis on its swimwear category. The Company operates under the web-site address
lsebcreative.com and its e-commerce platform laurenbentleyswim.com which is complete, and the