Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 223

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 223
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$160,011 and $163,553 for the years ended March 31, 2025 and March 31, 2024, respectively.

39

Cash
used in operating activities during the year ended March 31, 2025, was $152,716, which included an increase of $54,469 for the Company’s
inventory.

We
believe we can satisfy our cash requirements for the next 6 months. We anticipate that our fixed costs made up of legal & accounting
and general & administrative expenses for the next 6 months will total approximately $25,000. Legal and accounting expenses of $20,000
represents the minimum funds needed to sustain operations. The $25,000 will be financed through the Company’s cash balance of $858,
additional financing, net sales, and if needed, an advance from our directors, Lauren Bentley and Jordan Starkman. Currently there
is no firm loan commitment between the Company and Lauren Bentley and Jordan Starkman in place. We do not anticipate the purchase or
sale of any significant equipment. We also do not expect any significant additions to the number of employees, until financing is raised. The
foregoing represents our best estimate of our cash needs based on our current business condition. The exact allocation, purposes and
timing of any monies raised in subsequent private financings may vary significantly depending upon the exact amount of funds raised and
our progress with the execution of our business plan. It is currently expected that the Company will spend an additional $250,000 in
variable costs relating to marketing and business development that will be funded from future financings.

We
expect our expenses will continue to increase during the foreseeable future as a result of increased operations, the production of our
swimwear, and marketing expenses for our business operations. We anticipate generating revenues from the brand launch in October 2023.
The success of our operations is dependent on attaining adequate revenue. We cannot assure investors that adequate revenues will be generated.
In the absence of our projected revenues, we may be unable to proceed with our plan of operations. Even without adequate revenues within
the next 6 months, we still anticipate being able to continue with our present activities, but we may require financing to achieve our
profit, revenue, and growth goals.

In
the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to
proceed with our business plan for the development and marketing of our core