UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
DC 20549



Form
10-Q



(Mark
one)



☒  
Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934



For
the quarterly period ended March 31, 2015



☐  
Transition Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934



For
the transition period from ______________ to _____________



Commission
File Number: 000-51185



Signet
International Holdings, Inc.

(Exact
name of registrant as specified in its charter)



| | Delaware                     |  | 16-1732674                   | 
| | ---------------------------- |  | ---------------------------- | 
| | (State
    of incorporation) |  | (IRS
    Employer ID Number) | 



205
Worth Avenue, Suite 316, Palm Beach, Florida 33480

(Address
of principal executive offices)



(561)
832-2000

(Issuer's
telephone number)



Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. YES    ☒     NO    ☐



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES    ☐    NO    ☐



Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check one):



|Large
    accelerated filer | ☐ | Accelerated
    filer         | ☐
|--------------------------- | - | ----------------------------- | -
|Non-accelerated
    filer   | ☐ | Smaller reporting
    company | ☒



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): YES     ☐  
NO    ☒



State the
number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date: May 1, 2014:
9,863,585


















Signet
International Holdings, Inc.



Form
10-Q for the Quarter ended March 31, 2015

Table
of Contents



|                                                                         | Page
|------------------------------------------------------------------------ | ----
|Part
    I - Financial Information                                       |     
|                                                                         |     
|Item
    1 - Financial Statements                                        | 3   
|                                                                         |     
|Item
    2 - Management's Discussion and Analysis or Plan of Operation   | 20  
|                                                                         |     
|Item
    3 - Quantitative and Qualitative Disclosures About Market Risk  | 23  
|                                                                         |     
|Item
    4 - Controls and Procedures                                     | 23  
|                                                                         |     
|Part
    II - Other Information                                          |     
|                                                                         |     
|Item
    1 - Legal Proceedings                                           | 23  
|                                                                         |     
|Item
    2 - Recent Sales of Unregistered Securities and Use of Proceeds | 24  
|                                                                         |     
|Item
    3 - Defaults Upon Senior Securities                             | 24  
|                                                                         |     
|Item
    4 - (Removed and Reserved)                                      | 24  
|                                                                         |     
|Item
    5 - Other Information                                           | 24  
|                                                                         |     
|Item
    6 - Exhibits                                                    | 24  
|                                                                         |     
|Signatures                                                               | 25  













Part
1- Financial Information



Item
1 - Financial Statements



Signet
International Holdings, Inc. and Subsidiary

(a
development stage enterprise)

Consolidated
Balance Sheets

March
31, 2015 and December 31, 2014



|                                                                                                                                       |  | (Unaudited)
 March 31, 2015 |            |   | (Audited)
 December 31, 2014 |  
|-------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------- | ---------- | - | ---------------------------- | -
|ASSETS                                                                                                                                 |  |                             |            |   |                              |  
|Current Assets                                                                                                                         |  |                             |            |   |                              |  
|Cash in bank                                                                                                                           |  | $                           | 29,400     |   |                              | $
|Prepaid expenses                                                                                                                       |  |                             | 38,500     |   |                              |  
|Total Current Assets                                                                                                                   |  |                             | 67,900     |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Other Assets                                                                                                                           |  |                             |            |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Option agreement                                                                                                                       |  |                             | 600,042    |   |                              |  
|Broadcast and intellectual properties, net of accumulated amortization of $-0-                                                         |  |                             | 4,007,249  |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Total Other Assets                                                                                                                     |  |                             | 4,607,291  |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Total Assets                                                                                                                           |  | $                           | 4,675,191  |   |                              | $
|                                                                                                                                       |  |                             |            |   |                              |  
|LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                   |  |                             |            |   |                              |  
|Liabilities                                                                                                                            |  |                             |            |   |                              |  
|Current Liabilities                                                                                                                    |  |                             |            |   |                              |  
|Accounts payable - trade                                                                                                               |  | $                           | 158,858    |   |                              | $
|Other accrued liabilities                                                                                                              |  |                             | 1,126,710  |   |                              |  
|Accrued officer compensation                                                                                                           |  |                             | 897,183    |   |                              |  
|Total Current Liabilities                                                                                                              |  |                             | 2,182,751  |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Commitments and Contingencies                                                                                                          |  |                             |            |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Shareholders’ Equity (Deficit)                                                                                                         |  |                             |            |   |                              |  
|Preferred stock - $0.001 par value 50,000,000 shares authorized 5,000,000 shares designated, issued and outstanding, respectively      |  |                             | 5,000      |   |                              |  
|Common stock - $0.001 par value. 100,000,000 shares authorized 10,411,145 and 9,863,585 shares
    issued and outstanding respectively |  |                             | 10,413     |   |                              |  
|Additional paid-in capital                                                                                                             |  |                             | 6,273,207  |   |                              |  
|Deficit accumulated during the development stage                                                                                       |  |                             | (3,796,180 | ) |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Total Shareholders’ Equity (Deficit)                                                                                                   |  |                             | 2,492,440  |   |                              |  
|                                                                                                                                       |  |                             |            |   |                              |  
|Total Liabilities and Shareholders’ Equity                                                                                             |  | $                           | 4,675,191  |   |                              | $



The
financial information presented herein has been prepared by management

without
audit by independent certified public accountants.

The
accompanying notes are an integral part of these financial statements.



3







Signet
International Holdings, Inc. and Subsidiary

(a
development stage enterprise)

Consolidated
Statements of Operations and Comprehensive Loss

Nine
and Three months ended March 31, 2015 and 2014 and

Period
from October 17, 2003 (date of inception) through March 31, 2015



(Unaudited)



|                                                                                                      |  | Three months ended
 March 31, 2015 |           |   | Three months ended
 March 31, 2014 |   |           | Period from October 17, 2003 (date of inception) through
 March 31, 2015 | 
|----------------------------------------------------------------------------------------------------- |  | ---------------------------------- | --------- | - | ---------------------------------- | - | --------- | ------------------------------------------------------------------------ | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Revenues                                                                                              |  | $                                  | -         |   |                                    | $ | -         |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Expenses                                                                                              |  |                                    |           |   |                                    |   |           |                                                                          | 
|Organizational and formation expenses                                                                 |  |                                    | -         |   |                                    |   | -         |                                                                          | 
|Officer compensation                                                                                  |  |                                    | 22,500    |   |                                    |   | 22,500    |                                                                          | 
|Other salaries                                                                                        |  |                                    | 32,100    |   |                                    |   | 25,500    |                                                                          | 
|Other general and administrative expenses                                                             |  |                                    | 25,491    |   |                                    |   | 45,205    |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Total Expenses                                                                                        |  |                                    | 80,091    |   |                                    |   | 93,205    |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Loss from Operations                                                                                  |  |                                    | (80,091   | ) |                                    |   | (93,205   | )                                                                        | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Other Expense                                                                                         |  |                                    |           |   |                                    |   |           |                                                                          | 
|Interest expense                                                                                      |  |                                    | -         |   |                                    |   | -         |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Loss before Provision for Income Taxes                                                                |  |                                    | (80,091   | ) |                                    |   | (93,205   | )                                                                        | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Provision for Income Taxes                                                                            |  |                                    | -         |   |                                    |   | -         |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Net Loss                                                                                              |  |                                    | (80,091   | ) |                                    |   | (93,205   | )                                                                        | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Other Comprehensive Income                                                                            |  |                                    | -         |   |                                    |   | -         |                                                                          | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Comprehensive Loss                                                                                    |  | $                                  | (80,091   | ) |                                    | $ | (93,205   | )                                                                        | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Loss per weighted-average share of common outstanding, computed on Net Loss - basic and fully diluted |  | $                                  | (0.01     | ) |                                    | $ | (0.01     | )                                                                        | 
|                                                                                                      |  |                                    |           |   |                                    |   |           |                                                                          | 
|Weighted-average number of shares of common stock outstanding                                         |  |                                    | 9,881,353 |   |                                    |   | 9,498,447 |                                                                          | 



The
financial information presented herein has been prepared by management

without
audit by independent certified public accountants.

The
accompanying notes are an integral part of these financial statements.



4







Signet
International Holdings, Inc. and Subsidiary

(a
development stage enterprise)

Consolidated
Statements of Cash Flows

Nine
months ended March 31, 2015 and 2014 and

Period
from October 17, 2003 (date of inception) through March 31, 2015



(Unaudited)



|                                                                                 |  | Three months ended March 31, 2015 |         |   | Three months ended March 31, 2014 |   |         | Period from October 17, 2003 (date of inception) through
 March 31, 2015 | 
|-------------------------------------------------------------------------------- |  | --------------------------------- | ------- | - | --------------------------------- | - | ------- | ------------------------------------------------------------------------ | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash Flows from Operating Activities                                             |  |                                   |         |   |                                   |   |         |                                                                          | 
|Net Loss                                                                         |  | $                                 | (80,091 | ) |                                   | $ | (93,205 | )                                                                        | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Adjustments to reconcile net income to net cash provided by operating activities |  |                                   |         |   |                                   |   |         |                                                                          | 
|Depreciation                                                                     |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Organizational expenses paid with issuance of common and preferred stock         |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|(Increase) Decrease in                                                           |  |                                   |         |   |                                   |   |         |                                                                          | 
|Prepaid assets paid with issuance of common stock                                |  |                                   |         |   |                                   |   |         |                                                                          | 
|Expenses paid with common stock                                                  |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Increase (Decrease) in                                                           |  |                                   |         |   |                                   |   |         |                                                                          | 
|Accounts payable - trade                                                         |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Accrued liabilities                                                              |  |                                   | 37,350  |   |                                   |   | 31,500  |                                                                          | 
|Accrued officers compensation                                                    |  |                                   | 22,500  |   |                                   |   | 22,500  |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Net cash used in operating activities                                            |  |                                   | (20,241 | ) |                                   |   | (39,205 | )                                                                        | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash Flows from Investing Activities                                             |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash Flows from Financing Activities                                             |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash proceeds from note payable                                                  |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Cash paid to retire note payable                                                 |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Cash proceeds from sale of common stock                                          |  |                                   | 1,350   |   |                                   |   | 78,180  |                                                                          | 
|Increase in stock subscriptions receivable                                       |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Purchase of treasury stock                                                       |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Cash paid to acquire capital                                                     |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|Capital contributed to support operations                                        |  |                                   | -       |   |                                   |   | -       |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Net cash provided by financing activities                                        |  |                                   | 1,350   |   |                                   |   | 78,180  |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Increase
(Decrease) in Cash and Cash Equivalents                                 |  |                                   | (18,891 | ) |                                   |   | 38,975  |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash and cash equivalents at beginning of period                                 |  |                                   | 48,291  |   |                                   |   | 19,545  |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Cash and cash equivalents at end of period                                       |  | $                                 | 29,400  |   |                                   | $ | 58,520  |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Supplemental
Disclosures of Interest and Income Taxes Paid                       |  |                                   |         |   |                                   |   |         |                                                                          | 
|Interest paid during the period                                                  |  | $                                 | -       |   |                                   | $ | -       |                                                                          | 
|Income taxes paid (refunded)                                                     |  | $                                 | -       |   |                                   | $ | -       |                                                                          | 
|Supplemental Disclosure of Non-cash Investing and Financing Activities           |  |                                   |         |   |                                   |   |         |                                                                          | 
|Issuance of common stock for down payment on Asset Purchase Agreement            |  | $                                 | -       |   |                                   | $ | -       |                                                                          | 
|                                                                                 |  |                                   |         |   |                                   |   |         |                                                                          | 
|Acquisition of broadcast properties with common stock and accounts payable       |  | $                                 | -       |   |                                   | $ | -       |                                                                          | 



The
financial information presented herein has been prepared by management

without
audit by independent certified public accountants.

The
accompanying notes are an integral part of these financial statements.





5







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements

March 31, 2015 and 2014



Note A - Organization and Description of
Business



Signet International Holdings, Inc. (Company)
was incorporated on February 2, 2005 in accordance with the Laws of the State of Delaware as 51142, Inc.  The Company
changed its corporate name to Signet International Holdings, Inc. in conjunction with the September 8, 2005 transaction discussed
below.



On September 8, 2005, pursuant to a Stock Purchase
Agreement and Share Exchange (Agreement) by and among Signet International Holdings, Inc. (Signet); Signet Entertainment Corporation
(SIG) and the shareholders of SIG (Shareholders) (collectively SIG and the SIG shareholders shall be known as the “SIG Group”),
Signet acquired 100.0% of the then issued and outstanding preferred and common stock of SIG for a total of 3,421,000 common shares
and 5,000,000 preferred shares of Signet’s stock issued to the SIG Group.  Pursuant to the agreement, SIG became
a wholly owned subsidiary of Signet.



Signet Entertainment Corporation was incorporated
on October 17, 2003 in accordance with the Laws of the State of Florida.  SIG was formed to establish a television network
“The Gaming and Entertainment Network”.  To date, this effort has been incomplete.



The Company is considered in the development
stage and, as such, has generated no significant operating revenues and has incurred cumulative operating losses of approximately
$3,800,000.



Note B - Preparation of Financial Statements



The acquisition of Signet Entertainment Corporation
by Signet International Holdings, Inc. effected a change in control of Signet International Holdings, Inc. and is accounted for
as a “reverse acquisition” whereby Signet Entertainment Corporation is the accounting acquirer for financial statement
purposes.  Accordingly, for all periods subsequent to the “reverse merger” transaction, the financial statements
of the Signet International Holdings, Inc. will reflect the historical financial statements of Signet Entertainment Corporation
from its inception and the operations of Signet International Holdings, Inc. subsequent to the September 8, 2005 transaction date.



The Company follows the accrual basis of accounting
in accordance with accounting principles generally accepted in the United States of America and has a year-end of December 31.



The preparation of financial statements in
conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual
results could differ from those estimates.



Management further acknowledges that it is
solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control
and preventing and detecting fraud.  The Company’s system of internal accounting control is designed to assure,
among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded
in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of
operations and cash flows of the Company for the respective periods being presented.





6







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note B - Preparation of Financial Statements
- Continued



During interim periods, the Company follows
the accounting policies set forth in its annual audited financial statements filed with the U. S. Securities and Exchange Commission
on its Annual Report on Form 10-K for the year ended December 31, 2015.  The information presented within these interim
financial statements may not include all disclosures required by generally accepted accounting principles and the users of financial
information provided for interim periods should refer to the annual financial information and footnotes when reviewing the interim
financial results presented herein.



In the opinion of management, the accompanying
interim financial statements, prepared in accordance with the U. S. Securities and Exchange Commission’s instructions for
Form 10-Q, are unaudited and contain all material adjustments, consisting only of normal recurring adjustments necessary to present
fairly the financial condition, results of operations and cash flows of the Company for the respective interim periods presented.  The
current period results of operations are not necessarily indicative of results which ultimately will be reported for the full fiscal
year ending December 31, 2015.



The accompanying consolidated financial statements
contain the accounts of Signet International Holdings, Inc. and its wholly-owned subsidiary, Signet Entertainment Corporation.  All
significant intercompany transactions have been eliminated.  The consolidated entities are collectively referred to as
“Company”.



Note C - Going Concern Uncertainty



The Company is still in the process of developing
and implementing its business plan and raising additional capital.  As such, the Company is considered to be a development
stage company.



The Company's continued existence is dependent
upon its ability to generate sufficient cash flows from operations to support its daily operations as well as provide sufficient
resources to retire existing liabilities and obligations on a timely basis.



The Company anticipates that future sales of
equity securities to fully implement its business plan or to raise working capital to support and preserve the integrity of the
corporate entity may be necessary.  There is no assurance that the Company will be able to obtain additional funding
through the sales of additional equity securities or, that such funding, if available, will be obtained on terms favorable to or
affordable by the Company.



If no additional capital is received to successfully
implement the Company’s business plan, the Company will be forced to rely on existing cash in the bank and upon additional
funds which may or may not be loaned by management and/or significant stockholders to preserve the integrity of the corporate entity
at this time.  In the event, the Company is unable to acquire sufficient capital; the Company’s ongoing operations
would be negatively impacted.



It is the intent of management and significant
stockholders to provide sufficient working capital necessary to support and preserve the integrity of the corporate entity.  However,
no formal commitments or arrangements to advance or loan funds to the Company or repay any such advances or loans exist.  There
is no legal obligation for either management or significant stockholders to provide additional future funding.



While the Company is of the opinion that good
faith estimates of the Company’s ability to secure additional capital in the future to reach our goals have been made, there
is no guarantee that the Company will receive sufficient funding to sustain operations or implement any future business plan steps.





7







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note D - Summary of Significant Accounting
Policies



|1. | Cash and cash equivalents
|-- | -------------------------



For Statement of Cash Flows purposes, the Company
considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months
or less, when purchased, to be cash and cash equivalents.



|2. | Organization costs
|-- | ------------------



The Company has adopted the provisions of provisions
required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all organizational and initial
costs incurred with the incorporation and initial capitalization of the Company were charged to operations as incurred.



|3. | Research and development expenses
|-- | ---------------------------------



Research and development expenses are charged
to operations as incurred.



|4. | Advertising expenses
|-- | --------------------



The Company does not utilize direct solicitation
advertising.  All other advertising and marketing expenses are charged to operations as incurred.



|5. | Income Taxes
|-- | ------------



The Company files income tax returns in the
United States of America and may file, as applicable and appropriate, various state(s).  With few exceptions, the Company
is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities
for years before 2006.  The Company does not anticipate any examinations of returns filed since 2006.



The Company uses the asset and liability method
of accounting for income taxes.  At March 31, 2015 and December 31, 2014, respectively, the deferred tax asset and deferred
tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary
differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes,
primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.



The Company has adopted the provisions required
by the Income Taxes topic of the FASB Accounting Standards Codification.  The Codification Topic requires the recognition
of potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment
on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.  As
a result of the implementation of the Codification’s Income Tax Topic, the Company did not incur any liability for unrecognized
tax benefits.





8







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note D - Summary of Significant Accounting
Policies - Continued



|6. | Earnings (loss) per share
|-- | -------------------------



Basic earnings (loss) per share is computed
by dividing the net income (loss) available to common shareholders by the weighted-average number of common shares outstanding
during the respective period presented in our accompanying financial statements.



Fully diluted earnings (loss) per share is
computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock
equivalents (primarily outstanding options and warrants).



Common stock equivalents represent the dilutive
effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning
of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered
dilutive based upon the Company’s net income (loss) position at the calculation date.



At March 31, 2015 and 2014, and subsequent
thereto, the Company’s issued and outstanding preferred stock is considered anti-dilutive due to the Company’s net
operating loss position.



|7. | Pending and/or New Accounting Pronouncements
|-- | --------------------------------------------



The Company is of the opinion that any pending
accounting pronouncements, either in the adoption phase or not yet required to be adopted, will not have a significant impact on
the Company's financial position or results of operations.



Note E - Fair Value of Financial Instruments



The carrying amount of cash, accounts receivable,
accounts payable and notes payable, as applicable, approximates fair value due to the short term nature of these items and/or the
current interest rates payable in relation to current market conditions.



Interest rate risk is the risk that the Company’s
earnings are subject to fluctuations in interest rates on either investments or on debt and is fully dependent upon the volatility
of these rates.  The Company does not use derivative instruments to moderate its exposure to interest rate risk, if any.



Financial risk is the risk that the Company’s
earnings are subject to fluctuations in interest rates or foreign exchange rates and are fully dependent upon the volatility of
these rates.  The company does not use derivative instruments to moderate its exposure to financial risk, if any.



Note F - Option Agreement



On July 23, 2008, we executed an Option to
Purchase Asset Agreement (Agreement) with Access Media Group, Inc. (a Florida Corporation) dba AMG TV, headquartered in Jensen
Beach, FL, to acquire 100% of the assets, satellite delivery service contracts, customer service agreements in the USA and the
Caribbean, including the business operations located in Pittsburgh and North New Jersey for an agreed purchase price is $3 million,
payable as set forth in the Agreement, and the issuance of 100,000 shares of our restricted, unregistered common stock.  This
Purchase Agreement will be readdressed if and until funding can be arranged.





9







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note G - Broadcast and Intellectual Properties



On April 20, 2007, the Company entered into
a new purchase agreement with FreeHawk for 100% of the rights to 21 television series to be produced by FreeHawk exclusively for
Signet.  The total consideration paid by the Company for these rights was 270,000 shares of restricted, unregistered
common stock and a $50,000 open account payable.  Based on an independent third-party appraisal, the Company valued this
transaction at approximately $2,870,625.  The common stock was issued pursuant to an exemption from registration under
Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On May 22, 2007, the Company acquired the exclusive
television rights to “Tales From The moe. Republic”, by John E. Derhak.  This full-length novel is in the
process of being published and is currently being sold in an abridged, autographed limited edition through the website www.moerepublic.org.  Total
consideration paid by the Company for these rights was 113,662 shares of restricted, unregistered common stock and a $25,000 promissory
note.  Based on an independent third-party appraisal, the Company valued this transaction at approximately $1,136,600.  The
common stock was issued pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended,
and no underwriter was used in this transaction.



Note H - Income Taxes



The components of income tax (benefit) expense
each of the nine and three month periods ended March 31, 2015 and 2014 and for the period from October 17, 2003 (date of inception)
through March 31, 2015, are as follows:



|         |  | Three months ended 
March 31, 2015 |   |  | Three months ended
 March 31, 2014 |   |   | Period from October 17, 2003 (date of bankruptcy settlement) through
 March 31, 2015 | 
|-------- |  | ---------------------------------- | - |  | ---------------------------------- | - | - | ------------------------------------------------------------------------------------ | 
|         |  |                                    |   |  |                                    |   |   |                                                                                      | 
|Federal: |  |                                    |   |  |                                    |   |   |                                                                                      | 
|Current  |  | $                                  | - |  |                                    | $ | - |                                                                                      | 
|Deferred |  |                                    | - |  |                                    |   | - |                                                                                      | 
|         |  |                                    | - |  |                                    |   | - |                                                                                      | 
|State:   |  |                                    |   |  |                                    |   |   |                                                                                      | 
|Current  |  |                                    | - |  |                                    |   | - |                                                                                      | 
|Deferred |  |                                    | - |  |                                    |   | - |                                                                                      | 
|         |  |                                    | - |  |                                    |   | - |                                                                                      | 
|         |  |                                    |   |  |                                    |   |   |                                                                                      | 
|Total    |  | $                                  | - |  |                                    | $ | - |                                                                                      | 



As of March 31, 2015, the Company has a net
operating loss carryforward of approximately $1,800,000 for Federal income tax purposes and approximately $1,300,000 for State
income tax purposes.  The amount and availability of any future net operating loss carryforwards may be subject to limitations
set forth by the Internal Revenue Code. Factors such as the number of shares ultimately issued within a three year look-back period;
whether there is a deemed more than 50 percent change in control; the applicable long-term tax exempt bond rate; continuity of
historical business; and subsequent income of the Company all enter into the annual computation of allowable annual utilization
of the carryforwards.



(Remainder of this page left blank intentionally)





10







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note H - Income Taxes - Continued



The Company's income tax expense (benefit)
for each of the nine months ended March 31, 2015 and 2014 and for the period from October 17, 2003 (date of inception) through
March 31, 2015, respectively, differed from the statutory federal rate of 34 percent as follows:



|                                                                                                   |  | Three months ended
 March 31, 2015 |         |   | Three months ended
 March 31, 2014 |   |         | Period from October 17,
    2003 (date of inception) through
 March 31, 2015 | 
|-------------------------------------------------------------------------------------------------- |  | ---------------------------------- | ------- | - | ---------------------------------- | - | ------- | ---------------------------------------------------------------------------- | 
|                                                                                                   |  |                                    |         |   |                                    |   |         |                                                                              | 
|Statutory rate applied to income before income taxes                                               |  | $                                  | (27,231 | ) |                                    | $ | (32,000 | )                                                                            | 
|Increase (decrease) in income taxes resulting from:                                                |  |                                    |         |   |                                    |   |         |                                                                              | 
|State income taxes                                                                                 |  |                                    | -       |   |                                    |   | -       |                                                                              | 
|Non-deductible accrued compensation                                                                |  |                                    | 18,564  |   |                                    |   | 16,500  |                                                                              | 
|Non-deductible consulting fees related to issuance of common stock at less than “fair value”       |  |                                    | -       |   |                                    |   | -       |                                                                              | 
|Other, including reserve for deferred tax asset and application of net operating loss carryforward |  |                                    | 8,667   |   |                                    |   | 15,500  |                                                                              | 
|Income tax expense                                                                                 |  | $                                  | -       |   |                                    | $ | -       |                                                                              | 



Temporary differences, consisting primarily of the prospective usage
of net operating loss carryforwards give rise to deferred tax assets and liabilities as of March 31, 2015 and December 31, 2014,
respectively:



|                                          |  | March 31, 2015 |         |   | December 31, 2014 |  
|----------------------------------------- |  | -------------- | ------- | - | ----------------- | -
|Deferred tax assets                       |  |                |         |   |                   |  
|Net operating loss carryforwards          |  | $              | 8,667   |   |                   | $
|Officer compensation deductible when paid |  |                | 7,650   |   |                   |  
|Less valuation allowance                  |  |                | (16,317 | ) |                   |  
|Net Deferred Tax Asset                    |  | $              | -       |   |                   | $





During the three months ended March 31, 2015
and the year ended December 31, 2014, respectively, the valuation allowance for the deferred tax asset increased by approximately
$16,000 and $123,000.





11







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note I - Preferred Stock



On March 14, 2007, the Company formally designated
a series of Super Preferred Stock of the Company’s 50,000,000 authorized shares of the capital preferred stock of the Corporation.  The
designated Series A Convertible Super Preferred Stock (the "Series A Super Preferred Stock"), to consist of 5,000,00
shares, par value $.001 per share, which shall have the following preferences, powers, designations and other special rights:





|Voting:                        | Holders of the Series A Super Preferred Stock shall have ten votes per share held on all matters submitted to the shareholders of the Company for a vote thereon.  Each holder of these shares shall have the option to appoint two additional members to the Board of Directors.  Each share shall be convertible into ten (10) shares of common stock.                                                                                                                                                                                                                                                   
|------------------------------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Dividends:                     | The holders of Series A Super Preferred Stock shall be entitled to receive dividends or distributions on a pro rata basis with the holders of common stock when and if declared by the Board of Directors of the Company.  Dividends shall not be cumulative.  No dividends or distributions shall be declared or paid or set apart for payment on the Common Stock in any calendar year unless dividends or distributions on the Series A Preferred Stock for such calendar year are likewise declared and paid or set apart for payment.  No declared and unpaid dividends shall bear or accrue interest.
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Liquidation
        Preference | Upon the liquidation, dissolution and winding up of the Company, whether voluntary or involuntary, the holders of the Series A Super Preferred Stock then outstanding shall be entitled to, on a pro-rata basis with the holders of common stock, distributions of the assets of the Corporation, whether from capital or from earnings available for distribution to its stockholders.                                                                                                                                                                                                                    



The Board of Directors has the authority, without
further action by the shareholders, to issue, from time to time, preferred stock in one or more series for such consideration and
with such relative rights, privileges, preferences and restrictions that the Board may determine. The preferences, powers, rights
and restrictions of different series of preferred stock may differ with respect to dividend rates, amounts payable on liquidation,
voting rights, conversion rights, redemption provisions, sinking fund provisions and purchase funds and other matters. The issuance
of preferred stock could adversely affect the voting power or other rights of the holders of common stock.



On October 20, 2003, in conjunction with the
formation and incorporation of Signet Entertainment Corporation, SIG issued 4,000,000 shares of preferred stock to the incorporating
persons.   This transaction was valued at approximately $40,000, which approximates the value of the services provided.



On July 19, 2005, the Company issued 1,000,000
shares of preferred stock to an existing shareholder and Company officer for services related to the organization and structuring
of the Company and its proposed business plan.  This transaction was valued at approximately $10,000, which approximates
the value of the services provided.



Concurrent with the reverse merger transaction,
these shareholders exchanged their Signet Entertainment Corporation preferred stock for equivalent shares of Signet International
Holdings, Inc. Series A Super Preferred stock, as described above.





12







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note J - Common Stock Transactions



On October 17, 2003 and November 1, 2003, in
connection with the incorporation and formation of the Company, an aggregate of approximately 3,294,000 shares of restricted, unregistered
shares of common stock and were issued to various founding individuals.  This combined preferred stock and common stock
issuances were collectively valued at approximately $40,810, which approximated the fair value of the time provided by the individuals
and the related out-of-pocket expenses.



On June 16, 2004 and December 3, 2004, the
Company sold, in three separate transactions to three unrelated individuals, an aggregate 70,000 shares of restricted, unregistered
common stock for $35,000 cash.  These shares were sold pursuant to an exemption from registration under Section 4(2)
of the Securities Act of 1933, as amended, and no underwriter was used any of the three transactions.



Between July 20, 2005 and August 26, 2005,
Signet Entertainment Corporation sold an aggregate 57,000 shares of common stock to existing and new shareholders at a price of
$0.01 per share for gross proceeds of approximately $570.  As this selling price was substantially below the “fair
value” of comparable transactions, the Company recognized a charge to operations for consulting expense equivalent to the
difference between the established “fair value” of $1.00 per share (as determined by the pricing in the September 2005
Private Placement Memorandum) and the selling price of $0.01 per share.



On September 9, 2005, the Company commenced
the sale of common stock pursuant to a Private Placement Memorandum in a self-underwritten offering.  This Memorandum
is offering for sale to persons who qualify as accredited investors and to a limited number of sophisticated investors, on a best
efforts basis, up to 2,000,000 of our common shares at $1.00 per share, for anticipated gross proceeds of $2,000,000.  The
common shares will be offered through the Company’s officers and directors on a best-efforts basis.  The minimum
investment is $1,000, however, the Company might, at its sole discretion, accept subscriptions for lesser amounts.  Funds
received from all subscribers will be released to the Company upon acceptance of the subscriptions by the Company’s management.  Through
December 31, 2006, the Company has sold an aggregate 381,000 shares for gross proceeds of $381,000 under this Memorandum.



On March 31, 2006, the Company repurchased
50,000 shares of common stock from the estate of a deceased shareholder which purchased said shares for $50,000 cash pursuant to
the aforementioned September 2005 Private Placement Memorandum for $50,000 cash.  In June 2006, the Company’s Board
of Directors cancelled these shares and returned them to unissued status.



On June 22, 2006, the Company issued 250,000
shares of unregistered, restricted common stock, valued at $0.50 per share or $125,000, in payment of consulting fees.  As
the  agreed-upon value of the services provided was less than the “fair value” of comparable transactions,
the Company has recognized an additional charge to Consulting Fees equivalent to the difference between the established “fair
value” of $1.00 per share (as determined by the pricing in the September 2005 Private Placement Memorandum) and the agreed-upon
value of $0.50 per share in the corresponding line item in the Company’s Statement of Operations.



On April 16, 2007, the Company issued 270,000
shares of unregistered, restricted common stock for the acquisition of certain broadcast and other production rights.  These
shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no
underwriter was used in this transaction.



On May 2, 2007, the Company sold, in a private
transaction, 6,800 shares of unregistered, restricted common stock at a price of $1.00 per share for cash.  These shares
were sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter
was used in this transaction.



On May 22, 2007, the Company issued 113,662
shares of unregistered, restricted common stock for the acquisition of intellectual properties related to literary works.  These
shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no
underwriter was used in this transaction.



On August 30, 2007, the Company sold, in a
private transaction, 12,500 shares of unregistered, restricted common stock at a price of $1.00 per share for cash.  These
shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no
underwriter was used in this transaction.



On June 5, 2008, the Company sold, in a private
transaction, 3,000 shares of unregistered, restricted common stock for cash proceeds of $800, which approximated the fair value
and closing quoted price of the Company’s common stock on the transaction date.  These shares were sold pursuant
to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in
this transaction.





13







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note J - Common Stock Transactions - Continued



On July 24, 2008 the Company issued 20,000
shares of unregistered, restricted common stock as a deposit on and in consideration for a Purchase Option Agreement executed on
July 23, 2008 with a TV distribution and syndication company.  The deposit/option fee will be deducted from the total
100,000 shares of unregistered, restricted common stock to be issued upon closing of the transaction upon exercise of the option.   The
total shares issued and to be issued are part of the terms of the Purchase Option Agreement that specifies a total purchase price
of $3.0 million plus a management contract to be in place shortly after closing.  Terms of the management contract requires
a payment of $20,000 per month to the present manager/owner.  The term of Purchase Option Agreement is one year from
date of execution.



On August 19, 2008, the Company sold, in a
private transaction, 5,000 shares of unregistered, restricted common stock for cash proceeds of $3,000, which approximated the
fair value and closing quoted price of the Company's common stock on the transaction date. These shares were sold pursuant to an
exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On August 22, 2008, the Company sold, in a
private transaction, 174,000 shares of unregistered, restricted common stock for cash proceeds of $55,000, which approximated the
fair value and closing quoted price of the Company's common stock on the transaction date. These shares were sold pursuant to an
exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On May 5, 2009, the Company sold, in a private
transaction, 25,000 shares of unregistered, restricted common stock for cash proceeds of $25,000, which approximated the fair value
and closing quoted price of the Company's common stock on the transaction date. These shares were sold pursuant to an exemption
from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On September 18, 2009, in connection with an
Asset Purchase Agreement, the Company issued 100,000 shares of common stock valued at $5.00 per share as a down payment against
the Agreement.  These shares were issued pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On October 26, 2009, the Company, pursuant
to an Investment Agreement executed on October 23, 2007, sold 89,260 shares of the Company’s common stock for cash proceeds
of approximately $31,241 or $0.35 per share, which approximated the “fair value” of the Company’s common stock
on the date of the transaction. This transaction was in accordance with a Registration Rights Agreement executed on November 5,
2007 with a Private Equity Fund whereby the Company agreed to sell an indeterminate amount of its shares to the Fund and provided
for the registration of said shares pursuant to a Registration Statement on Form SB-2 under the Securities Act of 1933 as amended.
The Company incurred costs of raising capital of approximately $5,300 on this transaction.



On May 25, 2010 the Company, pursuant to an
executed Binding Letter of Intent dated May 25, 2010 issued 100 shares of the Company’s Common Stock to Pllx3, Inc. a California
corporation in consideration for the acquisition of Pllx3, Inc. the closing to be on or before December 31, 2010.



On August 2, 2010 the Company, pursuant to
an Investment Agreement executed on October 23, 2007, issued 14,000 shares of the Company’s Common Stock.  This
transaction was in accordance with a Registration Rights Agreement executed on November 5, 2007 with a Private Equity Fund whereby
the Company agreed to sell an indeterminate amount of its shares to the Fund and to provide registration rights under the Securities
Act of 1933 as amended.



On September 1, 2010 the Company sold, in a
private transaction, 14,285 shares of unregistered, restricted common stock for cash which approximated the fair value and closing
quoted price of the Company's common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On September 2, 2010 the Company sold, in a
private transaction, 2,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing
quoted price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.





14







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note J - Common Stock Transactions –
Continued



On September 9, and 24, 2010 the Company sold,
in a private transaction, 73,745 shares of unregistered , restricted common stock for cash which approximated the fair value and
closing quoted price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption
from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On September 29, 2010 the Federal Court for
the Northern District of Texas  ordered the return of 146,000 shares of common stock.  Pursuant to the Company's
registration filing, Sb-2 effective February 2, 2007, the Company issued restricted common stock to its founders who contributed
their efforts in the formation of the company.  By July 2007, the company learned that one founder had unscrupulously
attempted to conspire with others to sell all or part of his restricted 151,000 shares. It became apparent that the shareholder
had no intentions of assisting the company as promised.  Consequently, the Company issued a demand for the return of
issued shares. On September 17, 2007, the Company filed a brief with the Dallas County Court, Texas petitioning for the return
of the Company's remaining shares of stock. On October 1, 2007 as a result of a court ordered mediation, the Company was granted
rescission of all the remaining 146,000 shares and imposed other constraints upon the defendant.  On January 18, 2008,
the defendant filed a Motion for a New Trial in Dallas, Texas.  On September 29, 2010 the Federal Court for the Northern
District of Texas denied the defendant’s appeal and ordered the return of the Company’s stock.



On October 15, 2010 The Company issued 50,000
shares of unregistered, restricted common stock in consideration for the obtaining legal filings to recover the Federal Court for
the Northern District of Texas awarded return of the Company’s stock.  The issued stock value approximated the
fair value and closing quoted price of the Company’s common stock on the issue date. These shares were issued pursuant to
an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this
transaction.



On December 29, 2010 The Company sold in a
private transaction, 6,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing
quoted price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 1, 2011 The Company sold in a private
transaction, 16,700 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 3, 2011 The Company issued 1.0 Million
shares of unregistered, restricted common stock to a Public Relations and Investors Relations firm in consideration for professional
services to further the company’s efforts to expand public awareness. By mutual agreement, the company has reserved the right
of rescission predicated upon the success of the PR Firm. These shares were issued pursuant to an exemption from registration under
Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 8, 2011 The Company sold in a private
transaction, 1,500 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 10, 2011 The Company sold in a private
transaction, 8,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 31, 2011 The Company sold in a private
transaction, 82,200 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.





15







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note J - Common Stock Transactions –
Continued



On April 28, 2011 The Company sold in a private
transaction, 6,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On May 2, 2011 The Company sold in a private
transaction, 10,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On June 1, 2011 The Company sold in a private
transaction, 100,000 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On August 8, 2011, The Company sold in a private
transaction, 10,500 shares of unregistered, restricted common stock for cash which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On October 7, 2011, The Company sold in a private
transaction, 100,000 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On December 13, 2011, The Company sold in a
private transaction, 6,698 shares of unregistered, restricted common stock for cash, which approximated the fair value, and closing
quoted price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 29, 2012, The Company sold in a private
transaction, 250,000 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On June 13, 2012, The Company issued 80,000 shares
of unregistered, restricted common stock in return for consulting services (50,000) and for contractual obligations (30,000), which
approximated the fair value and closing quoted price of the Company’s common stock on the transaction date. These shares
were sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter
was used in this transaction.



On April 4, 2012 through June 28, 2012 The
Company sold in a private transaction, 1,738,400 shares of unregistered, restricted common stock for cash, which approximated the
fair value and closing quoted price of the Company’s common stock on the transaction date. These shares were sold pursuant
to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in
this transaction.



On August 7, 2012, The Company sold in a private
transaction, 50,000 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted
price of the Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration
under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On September 10, 2012, The Company issued,
50,000 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of
the Company’s common stock on the transaction date. These shares were issued in consideration for marketing services
and pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended.



On February 10, 2013, The Company issued, 35,000
shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s
common stock on the transaction date. These shares were issued in consideration for marketing services and pursuant to an
exemption from registration under Section 4(2) of the Securities Act of 1933, as amended.



On June 25, 2013, The Company issued, 101,600 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.





16







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note J - Common Stock Transactions –
Continued







On July 18, 2013, The Company issued, 40,000 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On September 10, 2013, The Company issued, 44,000 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On September 10, 2013, The Company issued, 33,300 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction



On November 9, 2013, The Company issued, 66,600 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction



On December 5 and 30,  2013 The Company issued, 81,830
shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s
common stock on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the
Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On January 14, 2014, The Company issued, 50,000
shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s
common stock on the transaction date. These shares were sold pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On February 14, and March 4, 2014 The
Company issued, 519,555 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing
quoted price of the Company’s common stock on the transaction date. These shares were
sold pursuant to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter
was used in this transaction.



On September 22, 2014, The Company issued, 179,000 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On September 30, 2014, The Company issued, 23,700 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On October 1, 2014, The Company issued, 44,500 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On November 30, 2014, The Company issued, 253,710 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On December 8, 2014, The Company issued, 12,650 shares of unregistered,
restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s common stock
on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, and no underwriter was used in this transaction.



On December 9, 2014, The Company issued 25,000 shares of unregistered,
restricted common stock in exchange for professional consulting and technical guidance that approximated the fair value and closing
quoted price of the Company’s common stock on the transaction date. These shares were issued pursuant to an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



On March 11, 2015, The Company issued, 9,000
shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of the Company’s
common stock on the transaction date. These shares were sold pursuant to an exemption from registration under Section 4(2) of the
Securities Act of 1933, as amended, and no underwriter was used in this transaction.





17







Signet International Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note K - Commitments



Leased office space



We currently operate from leased office facilities at 205 Worth
Avenue, Suite 316 Palm Beach, FL 33480 under an operating lease.  This lease agreement expired in March
2014 but has been extended for the next three years.   The lease currently requires monthly payments of approximately
$1,000 and we are not responsible for any additional charges for common area maintenance.



We also reimburse two non-executive personnel for the use of their
personal home offices, which are not exclusive to the Company s business, at approximately $250 per month.  These
agreements are on a month-to-month basis.



For the respective years ended December 31, 2014 and 2013, we paid
or accrued an aggregate of $35,720 and $33,800 for rent under these agreements.



Triple Play Management Agreement



On October 23, 2003, Signet Entertainment Corporation,
the wholly-owned subsidiary of the Company, entered into a Management Agreement with Triple Play Media Management (Triple Play)
of Peoria, Arizona.  Triple Play is engaged to be the management company to manage and operate any acquired Signet facility
in the TV and other Media operations market on a permanent basis for Signet for a period often years (the initial period) with
an automatic extension of an additional ten years unless the dissenting party gives proper notice.



Upon Signet's successfully raising the necessary
required funding through a secondary offering, Signet will begin funding the working capital requirements of Triple Play for a
share of Triple Play's profit.  The working capital commitment will be based on mutually agreed budgets and, at the present
time, the company has no requirements for these services.



Big Vision Management Contract



On July 22, 2005, Signet Entertainment Corporation,
the wholly-owned subsidiary of the Company, entered into a Management Agreement with Big Vision Studios, a Nevada Limited Liability
Company (Big Vision) located in both Las Vegas, Nevada and Burbank, California whereby Big Vision will be the exclusive supplier
of High Definition Equipment and Studio rental for Signet in future periods after the completion of a successful secondary public
offering of the Company’s securities to provide sufficient operating capital for the establishment of the Company’s
network.  At the present time, the Company has no requirements for these services.



Option Agreement



On July 23, 2008, we executed an Option to
Purchase Asset Agreement (Agreement) with Access Media Group, Inc. (a Florida Corporation) dba AMG TV, headquartered in Jensen
Beach, FL, to acquire 100% of the assets, satellite delivery service contracts, customer service agreements in the USA and the
Caribbean, including the business operations located in Pittsburgh and North New Jersey for an agreed purchase price is $3 million,
payable as set forth in the Agreement, and the issuance of 100,000 shares of our restricted, unregistered common stock.  The
term of our option is one (1) year and expires on July 22, 2009.  As consideration for the Agreement, the Company issued
20,000 shares of restricted, unregistered common stock to Access Media Group, Inc. with a mutually agreed-upon value of $100,000.



The Company has 180 days to complete the acquisition
after serving notice to AMG TV that the Company intends to exercise the option and is actively pursuing capital resources in order
to exercise the option and integrate these operations according to the Company’s Business Plan.





18







Signet International
Holdings, Inc. and Subsidiary

(a development stage enterprise)

Notes to Consolidated Financial Statements
- Continued

March 31, 2015 and 2014



Note K - Commitments - Continued



On September 18, 2009, the Company and the
owners of Access Media Group, Inc. executed an Asset Purchase Agreement whereby the Company will acquire “... one hundred
percent (100%) of the Pittsburgh, PA leased facility (and/or any other leased facility owned or leased by Seller), licenses, equipment
and ancillaries of the assets listed and identified on Exhibit A which includes a list of Affiliates and Clearances and all other
assets including but not limited to intellectual properties, leases, licenses, permits, clients lists, contracts, applications
pending or otherwise owned by AMG-TV without lien or security interest.  The purchase price is approximately $3,000,000
composed of 100,000 shares of common stock valued at $5.00 per share and a note payable of $2,500,000.  The $2,500,000
note payable bears interest at prime plus 2%, [accruing from September 18, 2009] and are payable in increments of $100,000 starting
on the 180th day after September 18, 2009 and $100,000 every 90 days thereafter.  In the event that the Company is successful
in selling any part of a future stock offering, 33.3% of the net proceeds of said offering will be applied to reduction of this
note payable up to $1,500,000 or a maximum of the total balance due at that time.



This Purchase Agreement was originally scheduled
to close and become effective as of January 1, 2010; however, in March 2010, the Company and Access Media Group, Inc. mutually
agreed to defer the closing on this Purchase Agreement until with no other changes to the terms and conditions.



Licensing Agreement



On April 6, 2009, the Company entered into
an Exclusive Licensing Agreement (Agreement) with Kerner Broadcasting Corporation, a Nevada Corporation (KBC) and Signet Entertainment
Corporation, the Company’s wholly-owned subsidiary.  Pursuant to the Agreement, KBC grants to the Company, through
its subsidiary, the exclusive, nontransferable right and license to use, market, sell, and otherwise to commercialize KBC’s  3-D
television technology.



On April 9, 2010, one of the principals of
KBC confirmed to the Company that at the time it entered into the Agreement with us, KBC did not own the rights to the above referenced
3D technology and that KBC has since ceased all operations and has been dissolved as a corporation. We, in consultation with our
legal counsel, are considering all available legal remedies that may be available as a consequence of KBC's conduct relative to
this matter. However, the possibility of any recovery from an action we initiate may be remote.



As our management believes that this technology
will be the next breakthrough in television production and broadcasting, we have started preliminary confidential negotiations
with two other 3D technology developers that we believe have a viable product in an effort to obtain the required technology for
the continued development of 3D TV Network.



On January 11, 2011, The Company executed a Binding Agreement with
4-D Interactive, LLC. The new subsidiary is engaged in the business of creating, designing, and inventing state of the art 3-D
and 4-D volumetric technology of Intellectual Properties including software and systems and recently developed new discoveries
in mathematics and proven optoelectronic applications. Mr. Yevgeniy Nemirovskiy, Ukraine, Soviet Union, received international
recognition from Aviation Engineering Institute where the Russian Space Age technology was born. He is the distinguished Scientist
and author of a number of world-wide patented inventions.  He has consulted for NASA, the Kremlin and holds the distinction
of his conclusions when requested to apply his science of digital volumetric imaging to the Holy Shroud of Turin where he proved
that the Shroud Image is indeed genuine.  Mr. Nemirovskiy has recently applied his research wherein he has invented a
single lens 3D and 4-D digital camera as well as 4-D digital real time display for TV screens and computer monitors.  His
next generation step-ahead technology will soon be introduced to a world-wide audience the functionality of which will completely
evolve and transcend the Motion Picture industry and the way we watch TV and use our Computers.  4-D Interactive, LLC
is now a wholly owned Subsidiary of Signet International Holdings, Inc. a Public company trading, and OTCBB under the symbol “SIGN.”
The 4-D Interactive, LLC labs will soon be established in Palm Beach, Florida.



Note L - Subsequent Events



Management has evaluated all activity of the
Company through May 22, 2015 (the issue date of the financial statements) and concluded that no additional subsequent events have
occurred that would require recognition in the financial statements or disclosure in the notes to financial statements.





19







Part I - Item 2



Management’s Discussion and Analysis
of Financial Condition and Results of Operations



|(1) | Caution Regarding Forward-Looking Information
|--- | ---------------------------------------------



Certain statements contained in this quarterly
filing, including, without limitation, statements containing the words "believes", "anticipates", "expects"
and words of similar import, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results,
to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.



Such factors include, among others, the following:
international, national and local general economic and market conditions: demographic changes; the ability of the Company to sustain,
manage or forecast its growth; the ability of the Company to successfully make and integrate acquisitions; raw material costs and
availability; new product development and introduction; existing government regulations and changes in, or the failure to comply
with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and
difficulty in forecasting operating results; changes in business strategy or development plans; business  disruptions;
the ability to attract and retain qualified personnel; the ability to protect technology; and other factors referenced in this
and previous filings.



Given these uncertainties, readers of this
Form 10-Q and investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any
obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments.



|(2) | Results of Operations
|--- | ---------------------



We had no revenue for either of the respective
month periods ended March 31, 2015 or 2014, respectively.



General and administrative expenses for the
three months ended March 31, 2015 and 2014 were approximately $25,000 and $45,000, respectively. These costs relate principally
to the maintenance of our corporate offices, compliance with the periodic reporting requirements of the Securities Exchange Act
of 1934, as amended and continued efforts to implement our business plan.



For the three months ended March 31, 2015 and
2014, we accrued compensation to our chief executive officer, Ernest W. Letiziano of $22,500 for each respective period. We further
accrued compensation to non-executive personnel for their assistance in our efforts to implement our business plan of approximately
$32,000 and $26,000 for each respective period. None of these persons has made a demand for payment and have agreed to defer payment
until such time that the Company has a viable and functioning business plan with positive cash flows from operations.



Our net loss for the three months ended March
31, 2015 and 2014, respectively, was approximately $(80,000) and $(93,000).  Our earnings per share for the respective
quarters ended March 31, 2015 and 2014 were approximately $(0.01) for each respective period based on the respective weighted-average
shares issued and outstanding at the end of the respective period.



The Company does not expect to generate any
meaningful revenue or incur operating expenses for purposes other than fulfilling the obligations of a reporting company under
the Securities Exchange Act of 1934 unless and until such time that the Company’s operating subsidiary begins meaningful
operations.



At March 31, 2015 and 2014, respectively, the
Company had working capital of approximately $(267,000) and $(258,000), exclusive of accrued officer and other compensation.  As
noted previously, none of these persons has made a demand for payment and have agreed to defer payment until such time that the
Company has a viable and functioning business plan with positive cash flows from operations.





20







|(3) | Plan of Business
|--- | ----------------



With the status of the current U. S. economy,
we have experienced a significant reluctance of investors willing to enter into debt or equity financing. It  has been
determined that to spend additional time to pursue funding in the TV and Media industry other than the acquisition of AMG TV, and
Intellectual Properties, Signet will seek only those investors interested in funding the AMG TV acquisition and operations and
the possibilities of expanding the 3-D TV market into the AMG TV system. Based upon our ongoing review and understanding of the
marketplace today, we believe that we will be able to take the appropriate steps to effectuate the acquisition of those companies
or private inventers who own Intellectual Properties and successfully negotiate with them in the foreseeable future. However, our
current financial condition and the condition of the capital markets in today's environment may not allow us to complete any acquisition
in a timely manner including the acquisition of AMG TV.



At the present time, management has no commitments
for raising additional operating capital. Accordingly, our future cash requirements are anticipated to be met through the sale
of additional equity securities, short-term loans from executive officers and/or the proceeds of additional equity offerings in
conjunction with the acquisition of AMG TV. Although we have verbal assurances from Mr. Letiziano that he will provide such interim
working capital, there is no legal obligation for either management or significant stockholders to provide additional future funding.
We may raise additional funds through public offerings of equity, securities convertible into equity or debt, or private offerings
of securities.  Our History from inception and onward are chronicled below:



Signet International Holdings, Inc.



On October 17, 2003 Signet Entertainment
Corporation was incorporated for the purpose of launching a Gaming, Sports and Entertainment Television Network. The network will
also cover via satellite and cable major sports and entertainment events and selected global events which have a sports format.



On February 2, 2005 Signet (formerly
known as 51142, Inc.) was incorporated under the laws of the State of Delaware to engage in any lawful corporate undertaking, including,
but not limited to, selected mergers and acquisitions.



On September 8, 2005, pursuant to a
Stock Purchase Agreement and Share Exchange between Signet Entertainment Corporation, a private Florida corporation, and us (the
"Agreement"), we obtained all of the issued and outstanding shares of Signet Entertainment. Pursuant to the Agreement,
Signet Entertainment became our wholly owned subsidiary. Our business plan is to launch an International 3-D Television Network.



On March 8, 2007 the NASD assigned the
stock symbol “SIGN” to Signet International Holdings, Inc. for the purpose of publicly trading our shares Over The
Counter Bulletin Board.



On April 24, 2007 we signed a contract
with FreeHawk Productions, Inc. in which we acquired the rights to 21 screen plays the content of which provides a variety of made
for TV themes from comedy to drama and children's' topics.



On June 4, 2007 we signed a contract
with Mr. John Derhak, author ofTales of the moe. Republic. This novel has sold in excess of five thousand copies and is
gathering popularity. The TV adaptation will yield a number of series from each chapter which introduces unique characters.



On July 24, 2008 we signed an Option
to acquire the assets and business of Access Media Group, Inc. the parent of AMG TV, the TV distribution and syndication company
currently distributing its programs to in excess of 70 million TV households in the USA, all the Caribbean, New Zealand, Germany,
Central and South America and a third quarter 2009 launch in Asia. AMG TV has multiplexing capabilities



On April 6, 2009 we signed an Exclusive
Licensing Agreement with Kerner Broadcasting Corporation (KBC), a private Nevada corporation having exclusive rights to the Kerner
3-D TV technology. Kerner Optical Research (KOR) and its Kerner affiliated groups, San Rafael, CA, who together, indicated to have
developed demonstrable technology to show they can deliver 3-D images to the television screen by means of a set top box.



On May 5, 2009 we incorporated Signet
3D Entertainment, Inc., for the purpose of licensing or acquiring 3-D Television technology to be employed to launch original programming
and special events including establishing 3-D TV Network.



On September 17, 2009 we signed an Asset
Purchase Agreement for the acquisition of Access Media Group, Inc. the parent of AMG TV. The Network has grown to in excess, of
78 million television households in the USA, and as a result AMG as shown an encouraging dynamic in advertising revenues. We have
mutually agreed not to assume total responsibilities of AMG TV operations until we have settled our arrangements with the 3D technology
group.





21







On September 19, 2009 we were advised
by Kerner’s President that a new Principal will be joining Kerner   in the furtherance financial good of all
concerned. Kerner cancelled all previously scheduled demonstrations and requested two weeks’ time to introduce us to the
new Principal would review our financial package and fund our Private Placement Memorandum.



On February 22, 2010 we served notice
to Kerner  advising of our intention to file our claim with the American Arbitration Association charging Kerner's unlawful
transfer thereby impeding of our exclusive rights to a third party and to seek legal remedies for our loss of time and efforts
in a scheduled 3 -D Network launch.



On March 1, 2010 we were advised by
the former Kerner principals that a major reorganization of the company was effectuated and that on October 15, 2009 all original
titles and rights to intellectual properties,  patents, and other related technology were sold and transferred to Pllx3,
Inc., a Delaware corporation operating in Santa Clarita, CA ,for undisclosed  financial consideration.  We
subsequently learned that prior to executing the above contract on October 13, 2009; the original Kerner founders transferred most
of their Intellectual Properties to their own new company, Visual 3-D Impressions, Inc., a California corporation (V3-DI) with
the original founders being the only principals.  In a May 2010 memo to Signet, the newly installed Principals of Pllx3
expressed their desires to move forward with us but would not recognize the Signet Exclusive Rights Agreement.



On May 1, 2010 we were advised by V3-DI
that Pllx3 breached their contract and did not pay the balance due to V3-DI.



On May 25, 2010 we executed two separate
Binding Letters of Intent for Acquisition of Pllx3, Inc. and V3-DI who were to become wholly-owned subsidiaries of Signet 3 D Entertainment,
Inc. predicated upon the outcome of our due diligence procedures. We arranged to retain an Independent Technologist to accompany
our Audit firm to examine, appraise and determine values and reconcile a purchase price.



On September 2, 2010 we rescinded our
Acquisition Contract with V 3-DI and notified the principals of our election to immediately withdraw our interests in V3-DI and
any continued relationship with its principals.  It was also determined that in the best interest of our Company, we
disassociate ourselves from Pllx3 as well; we allowed the closing terms of that contract to expire without further notice.



On January 11, 2011 we executed a Binding
Letter of Intent for the acquisition of 4-D Interactive, LLC, a Florida Corporation organized to further apply its research efforts
to 4-D, next- generation volumetric technology. The data results of this original technology have proven the accredited discovery
of mathematical equations which demonstrate the 4-D Volumetric applications to be exact. The functionality of these technological
mathematical discoveries will allow immediate direct application to the motion picture, computer and television industries. Patent
papers, rights searches and prototype applications are currently in process.  Because of the immense commercial possibilities
of the technology subject matter, we have contacted industrial design to supply us with prototyping, manufacturing. We also will
identify marketing support to combine efforts as directed by AMG TV.



|(4) | Caution Regarding Forward-Looking Information
|--- | ---------------------------------------------



As of March 31, 2015, we had approximately
$29,000 in cash.  Our monthly cash requirements have been reduced to approximately $8,000 per month.  Given
our current circumstances, we will continue to have additional sources of cash to preserve our plan of operation or terminate all
activities.



It is the belief of management and significant
stockholders that they will provide sufficient working capital necessary to support and preserve the integrity of the corporate
entity.   However, there is no legal obligation for either management or significant stockholders to provide additional
future funding.  Further, the Company is at the mercy of future economic trends and business operations for the Company’s
majority stockholder to have the resources available to support the Company.  Should this pledge fail to provide financing,
the Company has not identified any alternative sources.  Consequently, there is substantial doubt about the Company's
ability to continue as a going concern.



As reflected in the accompanying financial
statements, we are in the development stage with no operations.  Our ability to continue as a going concern is dependent
on our ability to raise additional capital and implement our business plan. The financial statements do not include any adjustments
that might be necessary if we are unable to continue as a going concern.  We have no plans to pay no salaries per month
to our sole officer and employee until we are properly funded. We intend to raise additional capital to continue our operations
although there is no assurance we will be successful. Currently we have no material commitments to make capital expenditures.



Our need for capital may change dramatically
as a result of any business acquisition or combination transaction.  There can be no assurance that we will identify
any such business, product, technology or company suitable for acquisition in the future.  Further, there can be no assurance
that we would be successful in consummating any acquisition on favorable terms or that it will be able to profitably manage
the business, product, technology or company it acquires.



Management believes that actions presently
being taken to obtain additional funding and implement its strategic plans provide the opportunity for us to continue as a going
concern.  The Company is still in the process of developing and implementing its business plan and raising additional
capital.  As such, the Company is considered to be a development stage company.





22







|(5) | Critical Accounting Policies
|--- | ----------------------------



Our financial statements and related public
financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”).  GAAP
requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact
on the assets, liabilities, revenue and expense amounts reported.  These estimates can also affect supplemental information
contained in our external disclosures including information regarding contingencies, risk and financial condition.  We
believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied.  We
base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances.  Actual
results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant
estimates made during the preparation of our financial statements.



Our significant accounting policies are summarized
in Note D of our financial statements.  While all these significant accounting policies impact our financial condition
and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies
that have the most significant impact on our financial statements and require management to use a greater degree of judgment and
estimates.  Actual results may differ from those estimates. Our management believes that given current facts and circumstances,
it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results
of operations, financial position or liquidity for the periods presented in this report.



Item 3 - Quantitative and Qualitative Disclosures
About Market Risk



The Company may be subject to certain market
risks, including changes in interest rates and currency exchange rates.  At the present time, the Company does not undertake
any specific actions to limit those exposures.



Item 4 - Controls and Procedures



|(a) | Evaluation of Disclosure Controls and Procedures
|--- | ------------------------------------------------



The Company maintains disclosure controls and
procedures that are designed to ensure that information required to be disclosed in its Exchange Act reports is recorded, processed,
summarized and reported within the time periods specified in the U. S. Securities and Exchange Commission's rules and forms, and
that such information is accumulated and communicated to the Company's management, including the Company's Chief Executive Officer
and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Management necessarily applied
its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable
assurance regarding management's control objectives.



The Company carried out an evaluation, under
the supervision and with the participation of its management, including its Chief Executive Officer and Chief Financial Officer,
on the effectiveness of the design and operation of its disclosure controls and procedures pursuant to Exchange Act Rules 13a-15
and 15d-15 as of the end of the period covered by this report.  Based upon that evaluation, the Company's Chief Executive
Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective in timely alerting
them to information relating to the Company required to be included in the Company's Exchange Act reports.



While the Company believes that its existing
disclosure controls and procedures have been effective to accomplish their objectives, the Company intends to continue to examine,
refine and document its disclosure controls and procedures and to monitor ongoing developments in this area.



|(b) | Changes in Internal Controls
|--- | ----------------------------



During the quarter ended March 31, 2015, there
were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in the Company's
internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company's
internal control over financial reporting.



Part II - Other Information



Item 1 - Legal Proceedings



From time to time, as we acquire operating
properties, we may become subject to various legal proceedings that are incidental to the ordinary conduct of its business.  Although,
to date, there have been no such proceedings, we do not anticipate that any future proceedings, either individually or in the aggregate,
will become material to our business or be likely to result in a material adverse effect on our future operating results, financial
condition, or cash flows.





23







Item 2 - Recent Sales of Unregistered Securities
and Use of Proceeds



On December 9, 2014, The Company issued
25,000 shares of unregistered, restricted common stock in exchange for professional consulting and technical guidance that approximated
the fair value and closing quoted price of the Company’s common stock on the transaction date. These shares were issued pursuant
to an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and no underwriter was used in
this transaction.



On March 11, 2015, The Company issued,
9,000 shares of unregistered, restricted common stock for cash, which approximated the fair value and closing quoted price of the
Company’s common stock on the transaction date. These shares were sold pursuant to an exemption from registration under Section
4(2) of the Securities Act of 1933, as amended, and no underwriter was used in this transaction.



Item 3 - Defaults on Senior Securities



None



Item 4 -  Removed and Reserved



Item 5 - Other Information



None



Item 6 - Exhibits and Reports on Form 8-K



(a)          Exhibits



31.1 Certifications pursuant to Section 302 of Sarbanes Oxley Act of 2002



32.1 Certifications pursuant to Section 906 of Sarbanes Oxley Act of 2002



(b)          Reports
of Form 8-K



None





24







SIGNATURES



In accordance with the requirements of the
Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                   | Signet International Holdings, Inc.
|------------------ | -----------------------------------
|                   |                                    
|Date: May 22, 2015 | /s/ Ernest W. Letiziano            
|                   | Ernest W. Letiziano                
|                   | President and Director             
|                   |                                    









25