Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 78

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part II, Item 8
Chunk 78
---
 2024, the Company allocated interest of $0 and $18,650 from total interest of $0 and $41,712 related to the above loans to construction in progress. As of April 30, 2025, and July 31, 2024, the Company had due to related parties of $298,500 and $1,106,000, respectively.

NOTE 7 – BANK BORROWINGS As of April 30, 2025, and July 31,2024, bank borrowings consist, as follows;    Principal   Maturity  Interest   April 30  July 31,   Amount  date  Rate   2024  2024 Loan dated October 27, 2023 $114,800  November 1, 2053  9.50% $110,800  $114,800 Loan dated October 27, 2023  114,800  November 1, 2053  9.50%  110,800   114,800 Loan dated November 3, 2023  88,000  November 15, 2028  8.50%  -   87,712 Loan dated November 3, 2023  88,000  November 15, 2028  8.50%  87,546   87,726 Loan dated November 3, 2023  88,000  November 15, 2028  8.50%  -   80,089 Loan dated November 3, 2023  88,000  November 15, 2028  8.50%  -   44,153 Loan dated November 3, 2023  88,000  November 15, 2028  8.50%  -   40,501 Loan dated July 26, 2024  109,500  August 1, 2054  8.63%  107,765   109,500 Loan dated July 26, 2024  126,300  August 1, 2054  8.75%  124,715   126,300