Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 269

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 2
Chunk 269
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 offering for a minimum of $400,000
within the 6-12 months following our March 31, 2025 year-end. We have not yet entered into any agreements with any parties with
respect to obtaining financing for the Company.

36

We
intend to target consumers with on-line marketing, and businesses, including hotels and independent boutiques with direct mail, and pursuing
contacts within the industry. The Company also expects to attend swimwear trade shows across the world.

If
we are unable to obtain financing on reasonable terms, we could be forced to delay or scale back our plans for expansion. In addition,
such inability to obtain financing on reasonable terms could have a material adverse effect on our business, operating results, or financial
condition. In the unlikely scenario that we are not successful in financing our target of $400,000 or above through a private offering
within the first 12-month period following our March 31 year-end, we will delay the launch of the Women’s Beachwear,
and move forward solely with Men’s and Women’s Swimwear.

Within
24 months following our March 31, 2025 year-end, our total sales forecast is $1,200,000. This target is comprised of $1,000,000 Women’s
Swimwear and Men’s Swimwear categories, and $200,000 Beachwear and Accessories. We anticipate a sales growth rate of approximately
50% per year for our first 3 operational years.

We
have estimated that we will incur minimum expenses equal to $25,000 in the year following our March 31, 2025, year-end in order to maintain
our business operations. However, if we complete a financing, we will devote the capital raised to operational expenses as indicated
below. The Company will attempt to complete a financing for a minimum of $400,000 within the 12 month period following the Company’s
2025 year-end. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance
of common shares from the Company’s authorized capital.

    Working Capital 
    $74,000 
  
    Legal/Accounting 
    $25,000 
  
    Inventory 
    $100,000 
  
    Advertising and Marketing 
    $150,000 
  
    General and administrative 
    $10,000 
  
    Salaries and Customer Service 
    $25,000 
  
    Telephone 
    $1,000