UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-K

ANNUAL REPORT PURSUANT TO SECTION
13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended March 31, 2014



Commission File No. 333-189414



UA GRANITE CORPORATION

(Exact name of registrant as specified
in its charter)



|Nevada                          | 99-0373067         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)



10 Bogdan Khmelnitsky Street, # 13A

Kyiv, Ukraine 01030

(Address of principal executive offices,
zip code)



+380 636419991

(Registrant’s telephone number,
including area code)



(Former name, former address and former
fiscal year,

if changed since last report)



Securities registered pursuant to
Section 12(b) of the Act:

None



Securities registered pursuant to
section 12(g) of the Act:

Common Stock, $0.001 par value



Indicate by check mark if
the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ☐
No ☒



Indicate by check mark if the registrant
is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.   Yes ☒
No ☐



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
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 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 if disclosure
of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form
10-K or any amendment to this Form 10-K.  ☒











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   ☒
|--------------------------- | --------------------- | -------------------------- | -----------------------------
|                            |                       | (Do not check if a 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 ☐



At September 30, 2013, the last business
day of the Registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting common stock
held by non-affiliates of the Registrant (without admitting that any person whose shares are not included in such calculation is
an affiliate) was approximately $0.  At June 25, 2014, there were 5,650,000 shares of the Registrant’s common stock,
par value $0.001 per share, outstanding.  At March 31, 2014, the end of the Registrant’s most recently completed
fiscal year, there were 5,650,000 shares of the Registrant’s common stock, par value $0.001 per share, outstanding.

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UA GRANITE CORPORATION

TABLE OF CONTENTS



|         |  |                                                                                                              | Page No.
|-------- |  | ------------------------------------------------------------------------------------------------------------ | --------
|         |  |                                                                                                              |         
|         |  | PART I                                                                                                       |         
|         |  |                                                                                                              |         
|Item 1.  |  | Business                                                                                                     | 4       
|Item 1A. |  | Risk Factors                                                                                                 | 12      
|Item 1B. |  | Unresolved Staff Comments                                                                                    | 12      
|Item 2.  |  | Properties                                                                                                   | 12      
|Item 3.  |  | Legal Proceedings                                                                                            | 12      
|Item 4.  |  | Mine Safety Disclosures                                                                                      | 12      
|         |  |                                                                                                              |         
|         |  | PART II                                                                                                      |         
|         |  |                                                                                                              |         
|Item 5.  |  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 12      
|Item 6.  |  | Selected Financial Data                                                                                      | 13      
|Item 7.  |  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 13      
|Item 7A. |  | Quantitative and Qualitative Disclosures About Market Risk                                                   | 18      
|Item 8.  |  | Financial Statements and Supplementary Data                                                                  | 19      
|Item 9.  |  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         | 30      
|Item 9A. |  | Controls and Procedures                                                                                      | 30      
|Item 9B. |  | Other Information                                                                                            | 31      
|         |  |                                                                                                              |         
|         |  | Part III                                                                                                     |         
|         |  |                                                                                                              |         
|Item 10. |  | Directors, Executive Officers and Corporate Governance                                                       | 31      
|Item 11. |  | Executive Compensation                                                                                       | 32      
|Item 12. |  | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               | 33      
|Item 13. |  | Certain Relationships and Related Transactions, and Director Independence                                    | 34      
|Item 14. |  | Principal Accounting Fees and Services                                                                       | 34      
|         |  |                                                                                                              |         
|         |  | Part IV                                                                                                      |         
|         |  |                                                                                                              |         
|Item 15. |  | Exhibits and Financial Statement Schedules                                                                   | 34      
|         |  | Signatures                                                                                                   | 35      





-3-









FORWARD-LOOKING STATEMENTS



This Annual Report on Form 10-K of UA
Granite Corporation, a Nevada corporation, contains “forward-looking statements,” as defined in the United States Private
Securities Litigation Reform Act of 1995.  In some cases, you can identify forward-looking statements by terminology such
as “may”, “will”, “should”, “could”, “expects”, “plans”,
“intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”
or “continue” or the negative of such terms and other comparable terminology.  These forward-looking statements
include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures
as we pursue our business plan, and the adequacy of our available cash resources.  Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance
or achievements.  Actual results may differ materially from the predictions discussed in these forward-looking statements. 
The economic environment within which we operate could materially affect our actual results.



Our management has included projections
and estimates in this Form 10-K, which are based primarily on management’s experience in the industry, assessments of our
results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with
the SEC or otherwise publicly available.  We caution readers not to place undue reliance on any such forward-looking statements,
which speak only as of the date made.  We disclaim any obligation subsequently to revise any forward-looking statements to
reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated
events.



All references in this Form 10-K to
the  “Company”, “UA Granite Corporation”, “UA Granite” “we”, “us,”
or “our” are to UA Granite Corporation.



PART I



|ITEM 1. | BUSINESS
|------- | --------



ORGANIZATION WITHIN THE LAST FIVE YEARS



On February 14, 2013, the Company was
incorporated under the laws of the State of Nevada. We are engaged in the business of marketing and distributing finished granite
products.



Myroslav Tsapaliuk has served as our
President, Treasurer and as a Director, from February 14, 2013, until the current date.  Our board of directors is comprised
of one person: Myroslav Tsapaliuk.



We are authorized to issue
75,000,000 shares of common stock, par value $.001 per share.  On February 14, 2013, Myroslav Tsapaliuk, our
President and a Director purchased an aggregate of 5,000,000 shares of common stock at $0.00001 per share, for aggregate
proceeds of $50.00. On December 12, 2013, the Company entered into agreements to sell 650,000 common shares from the October
 2013 Form S-1 to 28 purchasers for total proceeds of $26,001.



IN GENERAL



We were incorporated on February 14,
2013 in the State of Nevada.  We have never declared bankruptcy, have never been in receivership, and have never been involved
in any legal action or proceedings.  Since incorporation, we have not made any significant purchase or sale of assets.  We
are not a “blank check company,” as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of
1933, as amended, because we have a specific business plan or purpose.  We have not had preliminary contact or discussions
with, nor do we have any plans, proposals, arrangements or understandings with, any representatives of the owners of any business
or company regarding the possibility of an acquisition or merger.  No proceeds raised in the offering will be used towards
any such business combination.





-4-





From inception until the date of this filing we have had limited operating activities, primarily consisting of the incorporation of our company, the initial equity funding by our sole officer and director, engaging in market research and entering into a supply
agreement.  We received our initial funding by way of a loan of $5,123 from our sole officer and director and through a private
placement of 5,000,000 shares of common stock to our sole officer and director who has purchased an aggregate of 5,000,000 shares
at $0.00001 per share.



Our financial statements from inception
(February 14, 2013) through our first fiscal year ended March 31, 2014, report
no revenues and a net loss of $26,106.  Our independent auditor has issued an audit opinion
for our Company which includes a statement expressing substantial doubt as to our ability to continue as a going concern.



We are a development stage company which
is in the business of marketing and distributing finished granite products.  We intend to use the net proceeds from this
offering to develop our business operations.  To implement our plan of operations we require a minimum funding of $82,693
for the next twelve months.  After twelve months period we may need additional financing.  If we do not generate
any revenue we may need a minimum of $10,000 of additional funding to pay for SEC filing requirements.  Myroslav Tsapaliuk,
our President and a Director, has agreed to loan the Company funds, however, he has no firm commitment, arrangement or legal obligation
to advance or loan funds to the Company.  We have no revenues and have incurred losses since inception. The Company’s
principal offices are located at 10 Bogdan Khmelnitsky Street, # 13A, Kyiv, Ukraine 01030.



Our operations to date have been devoted
primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business
plan; (iii) market research related to granite products, and (iv) entering into a supply agreement.



INITIAL FOCUS OF OUR BUSINESS



We are in the early stages of developing
our plan to distribute granite products in the United States in forms including but not limited to countertops, chopped (or split)
stone blocks, stone blocks with an absolute sawn finish and with chopped-sawn (split and sawn) finish for road surface, kerbstones
(border stones), stairs and paving tiles with different kinds of surfaces (chopped, sawn, polished and flamed), decorative tiles
with surface like “Rock” and many other kinds of products made from natural granite of Ukrainian deposits.  If
our business is initially successful in the United States, then we will focus on other markets.



We currently have no revenues, no operating
history, and no orders to purchase granite products.  Our plan of operations over the 12 month period following successful
completion of our offering is to develop and establish our granite products distribution business by establishing our office, developing
our website, attempting to enter into supply agreements with prospective retailers of granite products, engage in advertising and
marketing activities and hire a sales person.  Our marketing and advertising activities that we plan on conducting are advertising
through home shows, on the Internet, and through distributors, and our sales person located in Ukraine intends to interact with
U.S. customers via e-mail, telephone and sample shipping. We have registered the domain name UA-Granite.com. We currently have
commercial granite products available, but do not expect to be selling such granite products until approximately 12 months following
the completion of this offering.



OVERVIEW OF GRANITE IN UKRAINE



Deposits of Ukrainian natural granite
can be categorized as follows (by name Ukrainian name of granite, followed by the region of Ukraine where the granite is located:



|Anastasievske Granite; Kirovohrad region 
|-----------------------------------------
|Bekarivske Granite; Zaporizhzhya region  
|Bohuslavske Granite; Kyiv region         
|Bohuslavske Granite; Kyiv region         
|Boltyshske Granite; Dnipropetrovsk region
|Chovnovske Granite; Zhytomyr region      
|Didkovytske Granite; Zhytomyr region     
|Gorikhivske Granite; Kirovohrad region   
|Ivanivske Granite; Kirovohrad region     
|Kapustyanske Granite; Kirovohrad region  
|Kapustyanske Granite; Kirovohrad region  
|Kholosnivske Granite; Zhytomyr region    

-5-







|Khotyzhske Granite; Zhytomyr region       
|------------------------------------------
|Klesivske Granite; Rivne region           
|Klesivske Granite; Rivne region           
|Konstyantynivske Granite; Mykolaiv region 
|Kornynske Granite; Zhytomyr region        
|Korostyshivske Granite; Zhytomyr region   
|Krupske 2 Granite; Kirovohrad region      
|Kudashevske Granite; Dnipropetrovsk region
|Loznytske Granite; Zhytomyr region        
|Malofedorivske Granite; Mykolaiv region   
|Maryanivske Granite; Zhytomyr region      
|Maslavske Granite; Zhytomyr region        
|Mezhyritske Granite; Zhytomyr region      
|Myrnyanske Granite; Zhytomyr region       
|Novo-Danylivske Granite; Mykolaiv region  
|Novoselivske Granite; Mykolaiv region     
|Omelyanivske Granite; Zhytomyr region     
|Osmalinske Granite; Rivne region          
|Pivnichne Granite; Mykolaiv region        
|Pivnichno-Tanske Granite; Cherkasy region 
|Raikivske Granite; Zhytomyr region        
|Rakhny-Polivske Granite; Vinnytsya region 
|Sofiyivske Granite; Mykolaiv region       
|Starobabanske Granite; Cherkasy region    
|Stylske Granite; Donetsk region           
|Sychivske Granite; Zhytomyr region        
|Symonivske Granite; Zhytomyr region       
|Tanske Granite; Cherkasy region           
|Tashlytske Granite; Kirovohrad region     
|Tokivske Granite; Dnipropetrovsk region   
|Tokivske Granite; Dnipropetrovsk region   
|Tokivske Granite; Dnipropetrovsk region   
|Tokivske Granite; Dnipropetrovsk region   
|Tokivske Granite; Dnipropetrovsk region   
|Tokivske Granite; Dnipropetrovsk region   
|Trykratnenske Granite; Mykolaiv region    
|Tserkovne Granite; Rivne region           
|Tyvrovske Granite; Vinnytsya region       
|Vasylivske Granite; Zhytomyr region       
|Voinovske Granite; Kirovohrad region      
|Yantsivske Granite; Zaporizhzhya region   
|Yevdokymivske Granite; Kirovohrad region  
|Yuriyivske Granite; Mykolaiv region       
|Zelenytske Granite; Zhytomyr region       
|Zhezhelivske Granite; Vinnytsya region    
|Zlynkivske Granite; Kirovohrad region     
|Zubrynske Granite; Zhytomyr region        



The three main products in the cut stone
products industry are granite, marble, and limestone. Granite from Ukraine, like elsewhere, is usually a light-colored rock that
is usually found in mountainous regions, comprised primarily of varying amounts of quartz and feldspar. About half of all cut granite
is used in buildings, and the remainder is used to create monuments and miscellaneous products.



Each year, hundreds of thousands of
cubic meters of blocks, slabs and tiles made of granite, gabbro and labradorit are exported from Ukraine to Europe, North
America and Asia. Ukraine's massif of crystalline (primarily granite) stone is the world's second largest of such stone found close
to the surface. The largest part of explored deposits is located in Zhytomyr region of Ukraine, where granite has been mined since
the 19th century.  More than 200

-6-





deposits of granite, gabbro and labradorit
are currently being mined in Ukraine. There are more than 150 stone mining businesses and over 2,000 stone processing businesses
in Ukraine.



Methods of stone extraction in Ukraine
are as follows. Dimension stone is usually removed from open pits in rectangular blocks, although some rock is mined from tunnel
quarries. A channeling machine is used to cut softer rocks, such as limestone, marble, and sandstone, into blocks that are removed
by cranes and hauled away for use elsewhere. The rock also may be cut by wire sawing, which involves pulling a wire surrounded
by an abrasive slurry back and forth along the stone. The stone is hauled from the quarry to a processing plant where it is cut,
shaped, polished, and coated.  Most dimension stone in Ukraine is finished into masonry veneer for use as fascia on buildings.
The stone veneer is anchored to a structural frame or backing, often giving the impression that the structure is built with stone
blocks.  A significant portion of cut stone originating from Ukraine is shaped and finished into surfaces for floors,
walls, tables, and counters.



CHARACTERISTICS OF GRANITE AS A CONSUMER PRODUCT



Granite is the rock most often quarried
as a “dimension stone” (a natural rock material that has been cut into blocks or slabs of specific length, width and
thickness).  Granite is hard enough to resist most abrasion, strong enough to bear significant weight, inert enough to
resist weathering and it accepts a brilliant polish. These characteristics make it a very desirable and useful dimension stone.



Granite has been used for thousands
of years in both interior and exterior applications. Rough-cut and polished granite is used in buildings, bridges, paving, monuments
and many other exterior projects.  Indoors, polished granite slabs and tiles are used in countertops, tile floors, stair
treads and many other practical and decorative features.



We believe that granite is frequently
selected as a construction material because it is a prestige material, used in projects to produce impressions of elegance, durability
and lasting quality.



We believe that granite is appealing
to consumers because it is a  durable material .   For example, paved granite roads are resistible to
mechanical loadings, vibrations, destroyable process of atmospheric phenomena and temperature cycles. Stone blocks don’t
absorb moisture, petrol and other chemical liquids.  It possesses inert chemical composition. Being paved according to the
out-off-cement technology the granite stone block carpet freely skips the atmospheric sinking and does not require the strict observance
of slopes.



US GRANITE MARKET OVERVIEW



According to Stoneupdate.com, in 2012
“‘[r]eceived shipments of “worked” (slab/tile-cut) granite totaled 1,412,956 metric tons last year [in
2012], up 2.0% from 2011, according to data released this morning [February 11, 2013] by the U.S. International Trade Commission.
.. . . Annual shipments remain below 2010’s 1.6 million metric tons, but well above the low point of 1.1 million metric tons
in 2009. . . . Granite imports reached an all-time high of 2.6 million metric tons in 2006, when Brazil also set the record for
annual shipments by a country with 985,764 metric tons. . . . U.S. worked-granite import values totaled $1.08 billion last year
[2012], up 7.0% from 2011. Brazil topped the list at $479.1 million, up 5.4% from the previous year [2011]; China scored second
at $245.9 million, an increase from 2011 of 15.9%. India and Italy repeated as third and fourth with $163.4 million and $116.7
million, respectively.



Stoneupdate.com is a website that disseminates
news, information and articles on stone, quartz and other hard surfaces for countertops, flooring and other commercial and residential
uses.



OUR PRODUCTS



We initially plan to sell products made
from 18 different types of granite, examples of which are as follows:



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http:||content.edgar-online.com|edgar_conv_img|2013|10|17|0001117768-13-000500_GRAPHIC4.JPG

Because granite is a natural material, rough block, slabs,
tiles, and monuments may vary in color and veining, therefore the examples above are likely to be slightly different in color and
pattern from actual granite material in our products.



Our retail pricing for our products will reflect market prices
and be approximately the same as competing products.  Presently, examples of our pricing are as follows:



|Thickness    | 20mm | 30mm | 40mm | 50mm | 60mm
|------------ | ---- | ---- | ---- | ---- | ----
|Peacock Tail | $60  | $64  | $68  | $75  | $90 
|Real Grey    | $63  | $66  | $70  | $78  | $96 
|Maple Red    | $58  | $63  | $67  | $73  | $88 
|Leopard      | $55  | $59  | $63  | $70  | $85 
|Kometa Black | $65  | $68  | $71  | $80  | $98 

-9-





We have located and entered into preliminary
discussions with several suppliers of granite products in Ukraine.  We have also entered into a supply agreement with
LLC Ukr Stone of Ukraine.  The material terms of the supply agreement are that we must pay for the purchase of granite
goods within 60 days from the time they are received at the final destination port, which is initially planned to be in the United
States.  Until such time as we accept deliver of granite products, all risk of loss of the granite products shall be
on the supplying seller.  We will have the right to inspect the goods on arrival and have 7 days to notify the supplying
seller of any claim for damages with respect to the condition, grade or quality of the granite products.   We will transmit
any orders received to our supplier for shipment.  Our customers will be responsible to cover the shipping costs.  Shipping
costs will be automatically added to a customer’s final bill.  Additionally, under the agreement, we are not obligated
to purchase any minimum about of granite products, and the agreement has a term of two years, which expires June 3, 2015.



UA Granite has conducted research in
regards to organization, pricing and customs clearance of granite products into USA from Ukraine. We have obtained quotes for shipping
container loads from the Port of Odessa in Ukraine to port of New York, New York and found several carriers suitable for our purposes
(Maersk, etc). We have also obtained information in regards to import of granite products from Ukraine into USA.



We expect to ship our products to ports
in the New York City area.  Our research indicates that the price of shipping a 20-foot container of granite via sea
from the port in Odessa, Ukraine, is $3,000, and $3,800 for a 40-foot container of granite.



In the United States, imported Granite
products from Ukraine have an import duty rate of 3.7% of the purchase price and a merchandise processing fee approximately $70
per shipment.

MARKETING



We believe that the best way to market
our products is throughout natural stone trade shows.  There are various natural stone trade shows and exhibits that
take place every year, such as “Surfaces,” that take place every winter Coverings that takes place every spring –
just to name a few.  We also plan to market our products through (i) magazines, such as Stoneworld and Graniteland, (ii)
Internet advertising on websites, such as stonenetwork.com, natural-stone.com, stonecontact.com), and (iii) through our website
that we plan to develop as part of our 12-month plan of operation, and (iv) various social networking sites.  We believe
that we can establish relationships with and cut stone and granite product distributors in the United States through these mediums
of communication.



COMPETITION



There are many well-established manufacturing, distribution
and retail sales companies in cut stone industry.  Most of our competitors have greater financial resources than we do
and will be able to withstand sales or price decreases better than we are.  We also expect to continue to face competition
from new market entrants.  We may be unable to continue to compete effectively with these existing
or new competitors, which could have a material adverse effect on our financial condition and results of operations.



RESEARCH AND DEVELOPMENT EXPENDITURES



We have not incurred any research expenditures since our
incorporation.



BANKRUPTCY OR SIMILAR PROCEEDINGS



There has been no bankruptcy, receivership or similar proceeding.



REORGANIZATIONS, PURCHASE OR
SALE OF ASSETS



There have been no material reclassifications, mergers, consolidations,
or purchase or sale of a significant amount of assets not in the ordinary course of business.



COMPLIANCE WITH GOVERNMENT REGULATION

-10-







We will be required to comply with all regulations, rules
and directives of governmental authorities and agencies applicable to the construction and operation of any facility in any jurisdiction
which we would conduct activities.

We do not believe that any existing or probable government regulation on our business, including any applicable export or import
regulation or control imposed by Ukraine or the United States will have a material impact on the way we conduct our business.



PATENTS, TRADEMARKS AND COPYRIGHTS



We do not own, either legally or beneficially,
any patents or trademarks.  We intend to protect our website with copyright laws. Beyond our trade name, we do not hold any
other intellectual property.



FACILITIES



We currently do not own any physical
property or own any real or intangible property.  Our current business address is 10 Bogdan Khmelnitsky Street, # 13A,
Kyiv 01030, Ukraine.  Our telephone number is +380-636419991.



This is the office provided by our President,
Myroslav Tsapaliuk.  Use of the office space is donated by Mr. Tsapaliuk at no cost to the Company.  We believe
that this space is currently sufficient for our operations.  This location serves as our primary office for planning
and implementing our business plan.  Management believes the current premises arrangements are sufficient for its needs
for at least the next 12 months.



EMPLOYEES AND EMPLOYMENT AGREEMENTS



We have no employees as of the date
of this Form 10-K.  Our sole officer and director, Myroslav Tsapaliuk, is an independent contractor to the Company and
currently devotes approximately 20 hours per week to company matters. After receiving funding, Mr. Tsapaliuk plans to devote as
much time to the operation of the Company as he determines is necessary for him to manage the affairs of the Company.  As
our business and operations increase, we plan to hire full time management and administrative support personnel.



LEGAL PROCEEDINGS



There are no pending legal proceedings
to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially
of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a
material interest adverse to the Company.

PATENT, TRADEMARK, LICENSE
& FRANCHISE RESTRICTIONS AND CONTRACTUAL OBLIGATIONS & CONCESSIONS

We currently do not own any
intellectual property have not obtained any copyrights, patents or trademarks in respect of any intellectual property. Interactive
entertainment software is susceptible to piracy and unauthorized copying. Our primary protection against unauthorized use, duplication
and distribution of our services is copyright and trademark protection of our business consulting services and any related elements
and enforcement to protect these interests. We do not anticipate filing any copyright or trademark applications related to any
assets over the next 12 months.

We have not entered into any
franchise agreements or other contracts that have given, or could give rise to obligations or concessions.

RESEARCH AND DEVELOPMENT
ACTIVITIES AND COSTS

We have no research or development
activities costs.

EMPLOYEES AND EMPLOYMENT
AGREEMENTS

In addition to being our sole
officer and director, Mr. Tsapaliuk is currently our only employee. Mr. Tsapaliuk currently devotes approximately 20 hours per
week to company matters. There is no formal employment agreement

-11-





between the Company and Mr.
Tsapaliuk. We do not anticipate hiring any additional employees or adding additional directors for the next 12 months.



GOVERNMENT APPROVALS AND RECOMMENDATIONS



We will be required to comply with all
regulations, rules and directives of governmental authorities and agencies applicable to the construction and operation of any
facility in any jurisdiction which we would conduct activities. We do not believe that government regulation will have a material
impact on the way we conduct our business because there are no special licenses, permits or regulations specific to our business.



EMPLOYEES



Myroslav Tsapaliuk, our sole officer
and director, is our sole employee.



OUR EXECUTIVE OFFICES



Our executive offices are located at 10 Bogdan Khmelnitsky
Street, # 13A, Kyiv, Ukraine 01030.



LEGAL PROCEEDINGS



There are no pending legal proceedings
to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially
of more than 5% of any class of voting securities of the Company, or stockholder is a party adverse to the Company or has a material
interest adverse to the Company.



|ITEM 1A. | RISK FACTORS
|-------- | ------------



As a “smaller reporting company,”
as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.



|ITEM 1B. | UNRESOLVED STAFF COMMENTS
|-------- | -------------------------



None.



|ITEM 2. | PROPERTIES
|------- | ----------



Our current business address is 10 Bogdan
Khmelnitsky Street, # 13A, Kyiv, Ukraine 01030. Our office space has been provided by Mr. Tsapaliuk at no cost.



We currently operate out of the residence of
our President, Myroslav Tsapaliuk, and will not pay any rent to Mr. Tsapaliuk until such time as we generate cash flow from our
fund raising activities or operations. When we receive additional funding and need space beyond our present facility, we believe
that we will be able to find ample suitable space within our projected budget as set forth above.



|ITEM 3. | LEGAL PROCEEDINGS
|------- | -----------------



We are not currently involved in any
legal proceedings and we are not aware of any pending or potential legal actions.



ITEM 4.  MINE SAFETY DISCLOSURES.



None.



PART II



|ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS MARKET INFORMATION
|------- | ----------------------------------------------------------------------------------------

-12-





Since April 10, 2014, our shares of common stock have been
quoted on the OTC Bulletin Board and the OTCPink tier of OTC Markets Group Inc., under the stock symbol “UAGZ.” The
following table shows the reported high and low closing bid prices per share for our common stock based on information provided
by the OTCQB. The over-the-counter market quotations set forth for our common stock reflect inter-dealer prices, without retail
mark-up, mark-down or commission and may not necessarily represent actual transactions.



|                                      |  | BID PRICE PER SHARE |     
|------------------------------------- |  | ------------------- | ----
|                                      |  | HIGH                |     
|                                      |  |                     |     
|                                      |  |                     |     
|Three Months Ended March 31, 2014     |  | $                   | 0.00
|Three Months Ended December 31, 2013  |  | $                   | 0.00
|Three Months Ended September 30, 2013 |  | $                   | 0.00
|Three Months Ended June 30, 2013      |  | $                   | 0.00



TRANSFER AGENT



Our transfer agent is West Coast
Stock Transfer, Inc., whose address is 721 N. Vulcan Ave., Ste. 205, Encinitas, California 92024, and whose telephone number
is (619) 664-4780.



HOLDERS



As of March 31, 2014, the Company had
5,650,000 shares of our common stock issued and outstanding held by approximately 29 holders of record.



DIVIDENDS



Historically, we have not paid any dividends
to the holders of our common stock and we do not expect to pay any such dividends in the foreseeable future as we expect to retain
our future earnings for use in the operation and expansion of our business.



RECENT SALES OF UNREGISTERED SECURITIES



None.



SECURITIES AUTHORIZED FOR ISSUANCE
UNDER EQUITY COMPENSATION PLANS



We have not established any compensation
plans under which equity securities are authorized for issuance.



PURCHASES OF EQUITY SECURITIES BY
THE REGISTRANT AND AFFILIATED PURCHASERS



We did not purchase any of our shares
of common stock or other securities during the year ended March 31, 2014.



|ITEM 6. | SELECTED FINANCIAL DATA
|------- | -----------------------



As a “smaller reporting company,”
as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.



|ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|------- | -------------------------------------------------------------------------------------



OVERVIEW



-13-





UA Granite Corporation (the “Company”
or “we”) was incorporated in the State of Nevada on February 14, 2013 and has a fiscal year end of March 31.  We
are a development stage Company. Implementing our planned business operation is dependent on our ability to raise approximately
$82,693.



Going Concern



To date the Company has little operations
and no revenues, and consequently has incurred recurring losses from operations.  No revenues are anticipated until we
complete the financing described in our Registration Statement on Form S-1, as amended (File No. 333-189414; the “October
2013 Form S-1”) and declared effective by the Securities and Exchange Commission on October 23, 2013, and implement our initial
business plan.  The ability of the Company to continue as a going concern is dependent on raising capital to fund our
business plan and ultimately to attain profitable operations.  Accordingly, these factors raise substantial doubt as
to the Company’s ability to continue as a going concern.



Our activities have been financed primarily
from the proceeds of share subscriptions. As of March 31, 2014, Myroslav Tsapaliuk, our sole officer and director had advanced
us a total of $5,123.  On December 12, 2013, the Company entered into agreements to sell 650,000 common shares from the October
2013 Form S-1 to 28 purchasers for total proceeds of $26,001 for an offering of shares from the October 2013 Form S-1. On February
14, 2013, we offered and sold 5,000,0000 shares of common stock to Myroslav Tsapaliuk, our sole officer and director, for aggregate
proceeds of $50.



The Company plans to raise additional
funds through debt or equity offerings.  There is no guarantee that the Company will be able to raise any capital through
this or any other offerings.



PLAN OF OPERATION



We are a development stage company with
very limited financial backing and assets. We are only in the early stages of developing our business. We currently have nominal
revenues and an extremely limited operating history, and few current clients for our services. We anticipate that we will not be
profitable for at least 24-30 months from the date hereof, which is dependent on completion of a financing of $82,693 to complete
our plan of operation disclosed in the October 2013 Form S-1. From inception until the date of this filing we have had limited
operating activities, primarily consisting of the incorporation of our company, the initial equity funding by our officer and director
and conducting our public offering under the October 2013 Form S-1.



We currently have only one employee,
our sole office and director, Myroslav Tsapaliuk. During the first stages of our company's growth, our sole officer and director
will provide his time free of charge to execute our business plan at no charge. Since we intend to operate with very limited administrative
support, the officer and director will continue to be responsible for administering the company for at least the first year of
operations. Management has the intention at this time to hire one consultant during the first year of operations, subject to financing.
Due to limited financial resources, Mr. Tsapaliuk is planning to dedicate 20 hours per week to managing our business.



We cannot guarantee we will be successful
in our business operations. Our business is subject to all of the risks inherent in the establishment of a new business enterprise
and we are at least 12 months away from generating any meaningful revenue.



In the next twelve months
 we plan to engage in the following activities to expand our business operations, using funds as follows:



-14-







Establishment of Our Office



Month 1-2: Myroslav Tsapaliuk, our President, will take care
of our initial administrative duties.  If less than 75% of the shares in this offering are sold, Mr. Tsapaliuk will continue
to work office presently provided by him, at no cost to us. If we sell 75% of the shares in this offering, we will spend up to
$4,000 to set up an office.  If we sell 100% of the shares in this offering we will spend up to $6,000 to set up an office.  The
office, if and when setup, will be used for initial communication with supplier and distributors and hold all related samples and
paperwork.



Development of Our Website



Months 3-5:  During this period,
we intend to develop our website. We plan to hire a web designer to help us with the design and development of our website. We
do not have any written agreements with any web designers at the present time. The website development costs, including site design
and implementation will be $693 (for initial design and planning) -$8,000 (for completion). Updating and improving our website
will continue throughout the lifetime of our operations.



Negotiation With Potential Customers (Distributors And
Brokers)



Months 5-12:  We hope to negotiate
agreements with national hardware and garden store chains and medium-sized retail and wholesale flooring companies. We do not have
any written agreements with them at current time but we will be shipping samples from Ukraine directly to several buyers in order
to secure contracts with these companies. Shipping samples to our main prospects should cost no more than $10,000 in expenses,
that will include samples and shipping from Ukraine to the United States.  As soon as we get approval from potential buyers
the product will be shipped directly from manufacturer to the buyer.



Marketing



-15-





Months 5-12:  We plan to advertise
through home decor trade shows and a road show campaign at the stores of our future customers, distributors and brokers. We intend
to develop and maintain a database of potential customers who may want to purchase granite products from us. We will follow up
with these clients periodically, send them our

new catalogues and offer them presentations
and special discounts from time to time. We plan to print catalogues and flyers and mail them to potential customers. We intend
to use marketing strategies, such as web advertisements, direct mailing, and phone calls to acquire potential customers. If we
sell less than 50% of the shares in this offering, we will not spend any funds on marketing.  If we sell 50% of the shares
in this offering, we will spend $20,000 on marketing efforts during the first year.  If we sell 75% of the shares in
this offering, the amount we spend on marketing will increase to $30,000. If we sell 100% of the shares in this offering, the amount
we spend on marketing will increase to $36,000.  Marketing is an ongoing matter that will continue during the life of
our operations.



Hire a Salesperson



Months 8-10:  We intend to
hire one salesperson with experience and established network in the building material distribution industry. The salesperson’s
job would be to find new potential customers, and to execute agreements with them to buy our granite products.  If we
sell less than 75% of the shares in this offering, we will not hire a sales person.  If we sell 75% or more of the shares
in this offering, we will spend between $2,693 and $12,693 on hiring a salesperson.

We currently do not have any
arrangements regarding the October 2013 Form S-1 or following October 2013 Form S-1 for further financing and we may not be able
to obtain financing when required. Our future is dependent upon our ability to obtain further financing, the successful development
of our planned business consulting services, a successful marketing and promotion program, and achieving a profitable level of
operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of
our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and
future cash commitments. There are no assurances that we will be able to obtain further funds required for our continued operations.
Even if additional financing is available, it may not be available on terms we find favorable. At this time, there are no anticipated
sources of additional funds in place. Failure to secure the needed additional financing will have an adverse effect on our ability
to remain in business.



We will require additional funding to
commence with our plan of operation; we have no current plans on how to raise the additional funding. We cannot provide any assurance
that we will be able to raise sufficient funds to proceed with our plan of operation.



RESULTS
OF OPERATIONS



We have generated no revenues since
inception on February 14, 2013, and have incurred $25,703 in expenses from inception through March 31, 2014.



For the year ended March 31, 2014, we
incurred $23,915 in operating expenses, comprised of $9,705 in professional fees, $12,500 in consulting costs and $1,307 in general
and administrative expenses. For the year ended March 31, 2013, we incurred $2,191 in operating expenses, consisting of $2,000
in professional fees and $191 in general and administrative expenses.



Our net loss since inception (February
14, 2013) through March 31, 2014 was $26,106.



The following table provides selected
financial data about our company for the years ended March 31, 2014 and 2013.



|Balance Sheet Data        |  | March 31, 2014 |        |   | March 31, 2012 |  
|------------------------- |  | -------------- | ------ | - | -------------- | -
|Cash and Cash Equivalents |  | $              | 19,971 |   |                | $
|Total Assets              |  | $              | 19,971 |   |                | $
|Total Liabilities         |  | $              | 19,923 |   |                | $
|Shareholders’ Equity      |  | $              | 14,467 | ) |                | $



GOING CONCERN



We have never garnered any revenues and we
are still devoting substantially all of our efforts on establishing the business and, therefore, we are a development stage company.
From inception to March 31, 2014, the Company had accumulated losses of $26,106.  Our independent public accounting firm included
an explanatory paragraph in their report on the accompanying financial statements regarding concerns about our ability to continue
as a going

-16-





concern. Our financial statements contain additional
note disclosures describing the circumstances that lead to this disclosure by our independent public accounting firm.  Our
financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or
the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.



LIQUIDITY AND CAPITAL RESOURCES



At March 31, 2014, we had a cash balance of
$19,971. Our expenditures over the next 12 months are expected to be approximately $82,693.



At March 31, 2014, our cash position increased
to $19,971 from a cash position of $4,982 at March 31, 2013.



We must raise approximately $82,693, to complete
our plan of operation for the next 12 months.  Additionally, we anticipate spending an additional $15,000 on general and administration
expenses and complying with reporting obligations, and general administrative costs.   Additional funding will likely come
from equity financing from the sale of our common stock, if we are able to sell such stock. If we are successful in completing
an equity financing, existing stockholders will experience dilution of their interest in our Company. We do not have any financing
arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our
common stock to fund our plan of operation. In the absence of such financing, our business will fail.



There are no assurances that we will be able to achieve further
sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue
our plan of operations, then we will not be able to continue our business and our business will fail.



OFF BALANCE SHEET ARRANGEMENTS



We have no off-balance sheet arrangements including arrangements
that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.



SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis of Presentation - Our financial
statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and
are expressed in U.S. dollars. The Company’s fiscal year-end is March 31.



Use of Estimates - The preparation
of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported
amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the
useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances.
We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable
under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities
and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us July
differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the
actual results, our future results of operations will be affected.



Cash and Cash Equivalents - The
Company considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents.  We
had no cash equivalents at March 31, 2014 or March 31, 2013.

Development Stage Entity – The Company complies with FASB guidelines for its description as a development stage company.



Income Taxes - 
The Company accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities
and assets for the expected future tax consequences of events that have been included in the consolidated financial statements
or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial
statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected
to reverse. The Company computes tax

-17-





asset benefits for net operating losses
carried forward. The potential benefit of net operating losses has not been recognized in these financial statements because the
Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.



Loss Per Common Share 
-  The Company reports net loss per share in accordance with provisions of the FASB.  The provisions require
dual presentation of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents.
Diluted net loss per share utilizes the average market price per share when applying the treasury stock method in determining common
stock equivalents. As of March 31, 2014, and June 30, 2104, there were no common stock equivalents outstanding.



Fair Value Of Financial
Instruments - Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to
estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2014, and March 31, 2013.
The Company’s financial instruments consist of cash.  The Company considers the carrying value of such
amounts in the financial statements to approximate their fair value due to the short-term nature of these financial
instruments.



Recently Issued Accounting Standards
- In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive
Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency
of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net
income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into
net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income
in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial
statements under U.S. GAAP. The new amendments will require an organization to:



- Present (either on the face of the statement where
net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of
accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net
income in its entirety in the same reporting period; and



- Cross-reference to other disclosures currently
required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to
net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out
of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related
amounts) instead of directly to income or expense.



The amendments apply to all public and
private companies that report items of other comprehensive income. Public companies are required to comply with these amendments
for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15,
2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact
on our financial position or results of operations.



In January 2013, the FASB issued ASU
No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which
clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU
2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad
and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow
the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers
while still giving financial statement users sufficient information to analyze the most significant presentation differences between
financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in
this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected
to have a material impact on our financial position or results of operations.



|ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|-------- | ----------------------------------------------------------



-18-





As a “smaller reporting company,”
as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.



|ITEM 8. | FINANCIAL STATEMENTS
|------- | --------------------



UA Granite Corporation

(A Development Stage Company)



March 31, 2014





|                                                                                                                                         |  | Index
|---------------------------------------------------------------------------------------------------------------------------------------- |  | -----
|                                                                                                                                         |  |      
|Balance Sheets as of March 31, 2014
and March 31, 2013                                                                                   |  | 20   
|                                                                                                                                         |  |      
|Statements of Operations for the fiscal year ended March 31, 2014 and from
February 14, 2013 (inception) through March 31, 2014 and 2013 |  | 21   
|                                                                                                                                         |  |      
|Statements of Cash Flows for the fiscal year
ended March 31, 2014 and from February 14, 2013 (inception) through March 31, 2014 and 2013 |  | 22   
|                                                                                                                                         |  |      
|Deficit from February 14, 2013 (inception) through
March 31, 2014                                                                        |  | 23   
|                                                                                                                                         |  |      
|Notes to the Financial Statements                                                                                                        |  | 24   









-19-











REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM











To the Board of Directors

UA Granite Corporation (A Development Stage Company)

Kyiv, Ukraine



We have audited the accompanying balance sheet of UA Granite Corporation
(A Development Stage Company) as of March 31, 2014 and March 31, 2013 and the related statements of operations, stockholders’
deficit and cash flows for the year ended March 31, 2014 and for the period from February 14, 2013 (inception) through March 31,
2013 and March 31, 2014. These financial statements are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with standards of the Public
Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly,
we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.



In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of UA Granite Corporation as of March 31, 2014 and March 31, 2013  and
the results of its operations and cash flows for the period described above in conformity with accounting principles generally
accepted in the United States of America.



The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company suffered a net
loss from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going
concern. Management’s plans regarding those matters are also described in Note 1. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.







/s/ M&K CPAS, PLLC

M&K
CPAS, PLLC



www.mkacpas.com

Houston, Texas



June 25, 2014







-20-





UA Granite Corporation

(A Development Stage Company)

Balance Sheets

March 31, 2014 and March 31, 2013





|                                                                                                                                                                         |  | March 31, 2014 |         | March 31, 2013
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | -------------- | ------- | --------------
|                                                                                                                                                                         |  |                |         |               
|ASSETS                                                                                                                                                                   |  |                |         |               
|                                                                                                                                                                         |  |                |         |               
|Current Assets                                                                                                                                                           |  |                |         |               
|Cash                                                                                                                                                                     |  | $              | 19,971  |               
|Total Assets                                                                                                                                                             |  | $              | 19,971  |               
|                                                                                                                                                                         |  |                |         |               
|                                                                                                                                                                         |  |                |         |               
|LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                           |  |                |         |               
|                                                                                                                                                                         |  |                |         |               
|Current Liabilities                                                                                                                                                      |  |                |         |               
|                                                                                                                                                                         |  |                |         |               
|(Accounts Payable) and Accrued Liabilities                                                                                                                               |  | $              | 14,500  |               
|Due to Directors                                                                                                                                                         |  |                | 5,123   |               
|Total Liabilities                                                                                                                                                        |  |                | 19,623  |               
|Stockholders’ Equity (Deficit)                                                                                                                                           |  |                |         |               
|                                                                                                                                                                         |  |                |         |               
|Common Stock (75,000,000 shares authorized, par value 0.00001, 5,650,000 and 5,000,000 shares issued and outstanding) at March 31, 2014 and March 31, 2013, respectively |  |                | 57      |               
|                                                                                                                                                                         |  |                |         |               
|Additional Paid in Capital                                                                                                                                               |  |                | 26,397  |               
|Deficit accumulated during the development stage                                                                                                                         |  |                | (26,106 | )             
|                                                                                                                                                                         |  |                |         |               
|Total Stockholders’ Equity (Deficit)                                                                                                                                     |  |                | 348     |               
|                                                                                                                                                                         |  |                |         |               
|Total Liabilities and Stockholders’ Equity (Deficit)                                                                                                                     |  | $              | 19,971  |               









(The Accompanying
Notes are an Integral Part of These Financial Statements)

-21-





UA Granite Corporation

(A Development Stage Company)

Statements of Operations

For the Fiscal Year Ended March 31, 2014
and from February 14, 2013 (Inception) to March 31, 2014 and 2013





|                                                     |  | Fiscal Year Ended March 31, 2014 |           | February 14, 2013 (Inception) through March 31, 2013 |  | February 14, 2013 (Inception) through March 31,2014
|---------------------------------------------------- |  | -------------------------------- | --------- | ---------------------------------------------------- |  | ---------------------------------------------------
|                                                     |  |                                  |           |                                                      |  |                                                    
|Operating Expenses                                   |  |                                  |           |                                                      |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    
|Legal and accounting                                 |  | $                                | 9,705     |                                                      |  | $                                                  
|Consulting                                           |  |                                  | 12,500    |                                                      |  |                                                    
|General and administrative                           |  |                                  | 1,307     |                                                      |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    
|Total Operating Expenses                             |  |                                  | 23,512    |                                                      |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    
|Other Expense                                        |  |                                  |           |                                                      |  |                                                    
|Imputed interest expense                             |  |                                  | 403       |                                                      |  |                                                    
|Net Loss                                             |  | $                                | (23,915   | )                                                    |  | $                                                  
|                                                     |  |                                  |           |                                                      |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    
|Net Loss Per Common Share – Basic and Diluted        |  |                                  | (0.00     | )                                                    |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    
|Weighted Average Number of Common Shares Outstanding |  |                                  | 5,194,110 |                                                      |  |                                                    
|                                                     |  |                                  |           |                                                      |  |                                                    















(The Accompanying Notes are an Integral
Part of These Financial Statements)

-22-





UA Granite Corporation

(A Development Stage Company)

Statements of Cash Flows

For the Fiscal Year Ended March 31, 2014

and from February 14, 2013 (Inception)
to March 31, 2014 and 2013



|                                                                           |  | Fiscal Year Ended March 31, 2014 |         | Inception February 14, 2013 to March 31, 2013 |  | Inception February 14, 2013 to March 31, 2014
|-------------------------------------------------------------------------- |  | -------------------------------- | ------- | --------------------------------------------- |  | ---------------------------------------------
|                                                                           |  |                                  |         |                                               |  |                                              
|Operating Activities                                                       |  |                                  |         |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Net loss                                                                   |  | $                                | (23,915 | )                                             |  | $                                            
|Adjustment to reconcile net loss to net cash used by operating activities: |  |                                  |         |                                               |  |                                              
|Imputed interest                                                           |  |                                  | 403     |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Changes in operating assets and liabilities:                               |  |                                  |         |                                               |  |                                              
|Accounts payable and accrued liabilities                                   |  |                                  | 12,500  |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Net Cash Used in Operating Activities                                      |  |                                  | (11,012 | )                                             |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Financing Activities                                                       |  |                                  |         |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Proceeds from directors                                                    |  |                                  | —       |                                               |  |                                              
|Proceeds from issuance of common shares                                    |  |                                  | 26,001  |                                               |  |                                              
|Net Cash Provided by Financing Activities                                  |  |                                  | 26,001  |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Increase (Decrease) in Cash                                                |  |                                  | 14,989  |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Cash - Beginning of Period                                                 |  |                                  | 4,982   |                                               |  |                                              
|                                                                           |  |                                  |         |                                               |  |                                              
|Cash - End of Period                                                       |  | $                                | 19,971  |                                               |  | $                                            
|                                                                           |  |                                  |         |                                               |  |                                              
|Supplemental Disclosure of Cash Flow Information                           |  |                                  |         |                                               |  |                                              
|Interest                                                                   |  | $                                | —       |                                               |  | $                                            
|Income taxes                                                               |  | $                                | —       |                                               |  | $                                            
|                                                                           |  |                                  |         |                                               |  |                                              







(The Accompanying Notes are an Integral
Part of These Financial Statements)

-23-





UA Granite Corporation

(A Development Stage Company)

Statement of Changes in Stockholders’
Equity (Deficit)

From Inception February 14, 2013 to March
31, 2014





|                             |  |  |              |  |  |   |                 | 
|---------------------------- |  |  | ------------ |  |  | - | --------------- | 
|                             |  |  | Common Stock |  |  |   | Additional Paid | 
|                             |  |  | Shares       |  |  |   | Amount          | 
|                             |  |  |              |  |  |   |                 | 
|Balance at February 14, 2013 |  |  | —            |  |  | $ | —               | 
|Issuance of founder’s share  |  |  | 5,000,000    |  |  |   | 50              | 
|Net loss                     |  |  | —            |  |  |   | —               | 
|Balances at  March 31, 2013  |  |  | 5,000,000    |  |  |   | 50              | 
|Issuance of shares for       |  |  | 650,000      |  |  |   | 7               | 
|Imputed interest             |  |  | —            |  |  |   | —               | 
|Net loss                     |  |  | —            |  |  |   | —               | 
|Balances at  March 31, 2014  |  |  | 5,650,000    |  |  | $ | 57              | 





















































(The Accompanying
Notes are an Integral Part of These Financial Statements)

-24-





UA Granite Corporation

(A Development Stage Company)

Notes to the Financial Statements





NOTE 1 – NATURE OF OPERATIONS



DESCRIPTION OF BUSINESS AND HISTORY

The Company was incorporated on February
14, 2013 in the State of Nevada.



The Company does not have any revenues
and has incurred losses since inception. Currently, the Company has no operations, has been issued a going concern opinion and
relies upon the sale of our securities and loans from its sole officer and director to fund operations.



GOING CONCERN - These financial statements
have been prepared on a going concern basis, which implies UA Granite Corporation will continue to meet its obligations and continue
its operations for the next fiscal year.  Realization value may be substantially different from carrying values as shown
and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts
and classification of liabilities that might be necessary should UA Granite Corporation be unable to continue as a going concern.  As
at March 31, 2014 UA Granite Corporation has a working capital deficiency, has not generated revenues and has accumulated losses
of $26,106 since inception.  The continuation of UA Granite Corporation as a going concern is dependent upon the continued
financial support from its shareholders, the ability of UA Granite Corporation to obtain necessary equity financing to continue
operations, and the attainment of profitable operations.  These factors raise substantial doubt regarding the UA Granite
Corporation’ ability to continue as a going concern.



NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



BASIS OF PRESENTATION -These financial statements and related
notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S.
dollars. The Company’s fiscal year-end is March 31.



USE OF ESTIMATES - The preparation of
financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported
amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to the
useful life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances.
We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable
under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities
and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us July
differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the
actual results, our future results of operations will be affected.



CASH AND CASH EQUIVALENTS - The Company
considers all highly liquid instruments with original maturities of three months or less when acquired, to be cash equivalents.  We
had no cash equivalents at March 31, 2014 or March 31, 2013.



DEVELOPMENT STAGE ENTITY – The Company complies with
FASB guidelines for its description as a development stage company.

-25-





UA Granite Corporation

(A Development Stage Company)

Notes to the Financial Statements



NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
–Continued



INCOME TAXES -The Company
accounts for income taxes under the provisions issued by the FASB which requires recognition of deferred tax liabilities and assets
for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns.
Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and
tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
The Company computes tax asset benefits for net operating losses carried forward. The potential benefit of net operating losses
has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will
utilize the net operating losses carried forward in future years.



LOSS PER COMMON SHARE-The
Company reports net loss per share in accordance with provisions of the FASB.  The provisions require dual presentation
of basic and diluted loss per share. Basic net loss per share excludes the impact of common stock equivalents. Diluted net loss
per share utilizes the average market price per share when applying the treasury stock method in determining common stock equivalents.
As of March 31, 2014 and March 31, 2013, there were no common stock equivalents outstanding.



FAIR VALUE OF FINANCIAL INSTRUMENTS
- Pursuant to ASC No. 820, “Fair Value Measurements and Disclosures”, the Company is required to estimate the fair
value of all financial instruments included on its balance sheet as of March 31, 2014. The Company’s financial instruments
consist of cash.  The Company considers the carrying value of such amounts in the financial statements to approximate
their fair value due to the short-term nature of these financial instruments.



RECENTLY ISSUED ACCOUNTING STANDARDS
- In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive
Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency
of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net
income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into
net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income
in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial
statements under U.S. GAAP. The new amendments will require an organization to:

| | - | Present (either on the face of the statement where net income is
presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other
comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety
in the same reporting period; and
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | - | Cross-reference to other disclosures currently required under U.S.
GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their
entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other
comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead
of directly to income or expense.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The amendments apply to all public and
private companies that report items of other comprehensive income. Public companies are required to comply with these amendments
for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15,
2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact
on our financial position or results of operations.

-26-





UA Granite Corporation

(A Development Stage Company)

Notes to the Financial Statements

(unaudited)



NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
- Continued



RECENTLY ISSUED ACCOUNTING STANDARDS - Continued



In January 2013, the FASB issued ASU
No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which
clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU
2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad
and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow
the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers
while still giving financial statement users sufficient information to analyze the most significant presentation differences between
financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in
this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected
to have a material impact on our financial position or results of operations.



NOTE 3 -INCOME TAXES



Deferred income taxes arise from temporary
differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred
taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.
 Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current
or non-current depending on the periods in which the temporary differences are expected to reverse.   The Company
does not have any uncertain tax positions.



The Company currently has net operating loss carryforwards
aggregating $25,307 (2013: $2,191), which expire through 2030. The deferred tax asset related to the carryforwards has been fully
reserved.



The Company has deferred income tax assets, which have been
fully reserved, as follows as of March 31, 2014 and 2013:



|                                            |  | 2014 |        | 2013
|------------------------------------------- |  | ---- | ------ | ----
|Deferred tax assets                         |  | $    | 8,739  |     
|Valuation allowance for deferred tax assets |  |      | (8,739 | )   
|Net deferred tax assets                     |  | $    | —      |     





NOTE 4 – FAIR VALUE MEASUREMENTS



The Company adopted ASC No. 820-10 (ASC 820-10), Fair Value
Measurements.  ASC 820-10 relates to financial assets and financial liabilities.



ASC 820-10 defines fair value, establishes a framework for
measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures
about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit
fair value measurements and are to be applied prospectively with limited exceptions.



-27-





UA Granite Corporation

(A Development Stage Company)

Notes to the Financial Statements





NOTE 4 – FAIR VALUE MEASUREMENTS – Continued



ASC 820-10 defines fair value as the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property
as defined in SFAS 13. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions
developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions,
about market participant assumptions, that are developed based on the best information available in the circumstances (unobservable
inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices
in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three
levels of the fair value hierarchy under ASC 820-10 are described below:



|• | Level 1 | Unadjusted quoted prices in active markets that are accessible
        at the measurement date for identical, unrestricted assets or liabilities.
|- | ------- | -------------------------------------------------------------------------------------------------------------------------------------------------



|• | Level 2 | Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
|- | ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|• | Level 3 | Inputs that are both significant to the fair value measurement and   unobservable. These inputs rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs are developed based on the best information available in the circumstances and include the Company's own data.)
|- | ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



The following presents the Company's fair value hierarchy
for those assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2014 and March 31, 2013:



Level 1: None

Level 2: None

Level 3: None

Total Gain (Losses): None



NOTE 5 - RELATED PARTY TRANSACTIONS



A director has advanced funds to us for our legal, audit,
filing fees, general office administration and cash needs. As of March 31, 2014, the director has advanced a total of $5,123. The
advances do not bear interest and are without specific terms of repayment. Imputed interest of $403 was charged to additional paid
in capital during the fiscal year ended March 31, 2014.









-28-





UA Granite Corporation

(A Development Stage Company)

Notes to the Financial Statements





NOTE 6 - COMMON STOCK



On February 14, 2013, the Company issued 5,000,000 common
shares to the founder of the Company. Imputed interest of $403 was charged to additional paid in capital during the fiscal year
ended March 31, 2014 for related party borrowings.



On December 12, 2013, the Company entered into an agreement
to sell 650,000 common shares for total proceeds of $26,001.



As of March 31, 2014, UA Granite Corporation has issued 5,650,000
common shares.



NOTE 7 – SUBSEQUENT EVENT



There are no subsequent events to report through the date
of issuance of the financial statements.



-29-







|ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE
|------- | ---------------------------------------------------------------------



None.



|ITEM 9A. | CONTROLS AND PROCEDURES
|-------- | -----------------------



DISCLOSURE CONTROLS AND PROCEDURES



Under the supervision and with the participation
of our management, including our principal executive officer and the principal financial officer, we are responsible for conducting
an evaluation of the effectiveness of the design and operation of our internal controls and procedures, as defined in Rules 13a-15(e)
and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the fiscal year covered by this report.  Disclosure
controls and procedures means that the material information required to be included in our Securities and Exchange Commission (“SEC”)
reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our
company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during
the period when this report was being prepared.  Based on this evaluation, our principal executive officer and principal financial
officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of March 31, 2014.



MANAGEMENT’S ANNUAL REPORT
ON INTERNAL CONTROL OVER FINANCIAL REPORTING



As of March 31, 2014, management assessed
the effectiveness of our internal control over financial reporting. The Company’s management is responsible for establishing
and maintaining adequate internal control over financial reporting for the Company. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934, as amended, as a process designed
by, or under the supervision of, the Company’s President, who is also our principal accounting officer and principal financial
officer, and effected by the Company’s Board of Directors, management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with GAAP in the United States of America and includes those policies and procedures that:



·
Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect our transactions and dispositions
of our assets;



·
Provide reasonable assurance our transactions are recorded as necessary to permit preparation of our financial statements in accordance
with GAAP, and that receipts and expenditures are being made only in accordance with authorizations of our management and directors;
and



·
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets
that could have a material effect on the financial statement.



In evaluating the effectiveness of our
internal control over financial reporting, our management used the criteria set forth by the Committee of Sponsoring Organizations
of the Treadway Commission (“COSO”) in Internal Control – Integrated Framework. Based on that evaluation, completed
by Myroslav Tsapaliuk, our President, who is also our principal accounting officer and principal financial officer, Mr. Tsapaliuk
concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the
inappropriate application of US GAAP rules as more fully described below.



This was due to deficiencies that existed
in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and
that may be considered to be material weaknesses.





The matters involving internal controls
and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight
Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority
of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required
internal controls and procedures; (ii) inadequate segregation of duties consistent with control objectives; and (iii) ineffective
controls

-30-





over period end financial disclosure
and reporting processes.  The aforementioned material weaknesses were identified by our President in connection with
the review of our financial statements as of March 31, 2014.



Management believes that the lack of
a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective
oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement
in our financial statements in future periods.



CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING.



There were no changes in the Company’s
internal control over financial reporting that occurred during the fourth quarter of the year ended March 31, 2014 that have materially
affected, or that are reasonably likely to materially affect, the Company’s internal control over financial reporting.



|ITEM 9B. | OTHER INFORMATION.
|-------- | ------------------



None.



PART III



|ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
|-------- | ------------------------------------------------------



Our executive officer’s and director’s and their
respective ages as of March 31, 2014 are as follows:



|Name               |  | Age |  | Positions                                                                                     
|------------------ |  | --- |  | ----------------------------------------------------------------------------------------------
|                   |  |     |  |                                                                                               
|Myroslav Tsapaliuk |  | 54  |  | President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director



Set forth below is a brief description of the background
and business experience of our executive officers and directors for the past five years.



MYROSLAV TSAPALIUK



Mr. Myroslav Tsapaliuk has served as
our President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director since February 19, 2013.  Since
August 1997 until now Mr. Tsapaliuk has been the sole owner of the private enterprise FOP “Tsapaliuk Myroslav”,
located in Ukraine.  FOP “Tsapaliuk Myroslav” provides services for the installation of granite counter-tops,
tiles and fire places.  Mr. Tsapaliuk’s desire to found our company led to our conclusion that Mr. Tsapaliuk should
be serving as a member of our board of directors in light of our business and structure.



TERM OF OFFICE



All directors hold office until the
next annual meeting of the stockholders of the Company and until their successors have been duly elected and qualified.  The
Company’s Bylaws provide that the Board of Directors will consist of no less than three members.  Officers are
elected by and serve at the discretion of the Board of Directors.



DIRECTOR INDEPENDENCE



Our board of directors is currently
composed of one member, which member does not qualify as an independent director in accordance with the published listing requirements
of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director
is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members
has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination
as to each director that no relationships exist which, in the opinion of our board of directors, would interfere with the exercise
of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by
the NASDAQ rules. Had our board of directors made these determinations,

-31-





our board of directors would have reviewed
and discussed information provided by the directors and us with regard to each director’s business and personal activities
and relationships as they may relate to us and our management.



CERTAIN LEGAL PROCEEDINGS



No director, nominee for director, or
executive officer of the Company has appeared as a party in any legal proceeding material to an evaluation of his ability or integrity
during the past ten years.



SIGNIFICANT EMPLOYEES AND CONSULTANTS



Other than our officers and directors, we currently have
no other significant employees.



AUDIT COMMITTEE AND CONFLICTS OF INTEREST



Since we do not have an audit or compensation
committee comprised of independent directors, the functions that would have been performed by such committees are performed by
our directors. The Board of Directors has not established an audit committee and does not have an audit committee financial expert,
nor has the Board of Directors established a nominating committee. The Board is of the opinion that such committees are not necessary
since the Company is an early exploration stage company and has only two directors, and to date, such directors have been performing
the functions of such committees. Thus, there is a potential conflict of interest in that our directors and officers have the authority
to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions.



There are no family relationships among our directors or
officers. Other than as described above, we are not aware of any other conflicts of interest with any of our executive officers
or directors.



SECTION 16(A) BENEFICIAL OWNERSHIP
REPORTING COMPLIANCE



Section 16(a) of the Securities Exchange
Act of 1934 requires our executive officers and directors, and persons who own more than ten percent of a registered class of our
equity securities, file reports of ownership and changes in ownership with the SEC.  Executive officers, directors and
greater-than-ten percent stockholders are required by SEC regulations to furnish us with all Section 16(a) forms they file.  Based
on our review of filings made on the SEC website, and the fact of us not receiving certain forms or written representations from
certain reporting persons that they have complied with the relevant filing requirements, we believe that, during the year ended
March 31, 2014, our executive officers, directors and greater-than-ten percent stockholders did not comply with Section 16(a) filing
requirements.



CODE OF ETHICS



The Company has not adopted a code of
ethics that applies to its principal executive officers, principal financial officer, principal accounting officer or controller,
or persons performing similar functions.  The Company has not adopted a code of ethics because it has only commenced
operations.



|ITEM 11. | EXECUTIVE COMPENSATION
|-------- | ----------------------



The following tables set forth certain
information about compensation paid, earned or accrued for services by our President and all other executive officers (collectively,
the “Named Executive Officers”) in the fiscal years ended March 31, 2014 and 2013:



SUMMARY COMPENSATION TABLE



The table below summarizes all compensation awarded to, earned
by, or paid to our officers for all services rendered in all capacities to us as of the year ended March 31, for the fiscal year
ended as indicated.

-32-





|                       |  |      |  |           |   |  |          |  |   |           |  |  |           |  |  | Non-Equity      |   |  |                 |  |   |                 |  |  |          | 
|---------------------- |  | ---- |  | --------- | - |  | -------- |  | - | --------- |  |  | --------- |  |  | --------------- | - |  | --------------- |  | - | --------------- |  |  | -------- | 
|Name and               |  |      |  |           |   |  |          |  |   |           |  |  |           |  |  | Incentive       |   |  | Nonqualified    |  |   |                 |  |  |          | 
|Principal              |  |      |  |           |   |  |          |  |   | Stock     |  |  | Option    |  |  | Plan            |   |  | Deferred        |  |   | All Other       |  |  |          | 
|Position               |  | Year |  | Salary($) |   |  | Bonus($) |  |   | Awards($) |  |  | Awards($) |  |  | Compensation($) |   |  | Compensation($) |  |   | Compensation($) |  |  | Total($) | 
|Myroslav Tsapaliuk (1) |  | 2014 |  |           | 0 |  |          |  | 0 |           |  |  | 0         |  |  |                 | 0 |  |                 |  | 0 |                 |  |  | 0        | 
|                       |  | 2013 |  |           | 0 |  |          |  | 0 |           |  |  | 0         |  |  |                 | 0 |  |                 |  | 0 |                 |  |  | 0        | 



(1) Appointed President, Chief Executive
Officer, Chief Financial Officer, Secretary, Treasurer and Director February 19, 2013.



None of our directors have received
monetary compensation since our inception to the date of this Form 10-K. We currently do not pay any compensation to our directors
serving on our board of directors.



STOCK OPTION GRANTS



We have not granted any stock options
to the executive officers since our inception. Upon the further development of our business, we will likely grant options to directors
and officers consistent with industry standards for junior mineral exploration companies.



EMPLOYMENT AGREEMENTS



The Company is not a party to any employment
agreement and has no compensation agreement with any of its officers and directors.



DIRECTOR COMPENSATION



The following table sets forth director compensation as of
March 31, 2014:



|                       |  | Fees    |   |  |           |  |   |           |  |  | Non-Equity      |  |  | Nonqualified |   |  |                 |  |   |          | 
|---------------------- |  | ------- | - |  | --------- |  | - | --------- |  |  | --------------- |  |  | ------------ | - |  | --------------- |  | - | -------- | 
|                       |  | Earned  |   |  |           |  |   |           |  |  | Incentive       |  |  | Deferred     |   |  |                 |  |   |          | 
|                       |  | Paid in |   |  | Stock     |  |   | Option    |  |  | Plan            |  |  | Compensation |   |  | All Other       |  |   |          | 
|Name                   |  | Cash($) |   |  | Awards($) |  |   | Awards($) |  |  | Compensation($) |  |  | Earnings($)  |   |  | Compensation($) |  |   | Total($) | 
|Myroslav Tsapaliuk (1) |  |         | 0 |  |           |  | 0 |           |  |  | 0               |  |  |              | 0 |  |                 |  | 0 |          | 
|                       |  |         |   |  |           |  |   |           |  |  |                 |  |  |              |   |  |                 |  |   |          | 



(1) Appointed President, Chief Executive
Officer, Chief Financial Officer, Secretary, Treasurer and Director February 19, 2013.



|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
|-------- | ----------------------------------------------------------------------------------------------



The following table lists, as of March
31, 2014, the number of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to
our Company to be the beneficial owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company;
and (iii) all officers and directors as a group. Information relating to beneficial ownership of common stock by our principal
shareholders and management is based upon information furnished by each person using “beneficial ownership” concepts
under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a
security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment
power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner
of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange
Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed
to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below,
each person has sole voting and investment power.



The percentages below are calculated based on 5,650,000 shares
of our common stock issued and outstanding as of March 31, 2014.  We do not have any outstanding warrant, options or
other securities exercisable for or convertible into shares of our common stock.



-33-





|                                                |  |                                                                |  |                    |           |  |             |  |      |  
|----------------------------------------------- |  | -------------------------------------------------------------- |  | ------------------ | --------- |  | ----------- |  | ---- | -
|                                                |  | Name and Address                                               |  | Number of Shares   |           |  | Percent of  | 
|Title of Class                                  |  | of Beneficial Owner                                            |  | Owned Beneficially |           |  | Class Owned | 
|                                                |  |                                                                |  |                    |           |  |             | 
|Common Stock:                                   |  | Myroslav Tsapaliuk, President, Secretary, and Director (1) (2) |  |                    | 5,650,000 |  |             |  | 68.4 | %
|                                                |  |                                                                |  |                    |           |  |             |  |      |  
|All executive officers and directors as a group |  |                                                                |  |                    | 5,650,000 |  |             |  | 68.4 | %



(1) Unless otherwise noted, the address of each person or
entity listed is, c/o UA Granite Corporation, 10 Bogdan Khmelnitsky Street, # 13A, Kyiv 01030, Ukraine.



(2) Appointed President, Chief Executive Officer, Chief Financial
Officer, Secretary, Treasurer and Director February 19, 2013.



|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|-------- | ----------------------------------------------



None.



|ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES
|-------- | --------------------------------------



For the year ended March 31, 2014 and
2013, the total fees charged to the Company for audit services, including quarterly reviews were $3,700
and $1,500, for audit-related services were $______
and $______ and for tax services and other services were $0 and $0, respectively.



PART IV



|ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULE
|-------- | -----------------------------------------



(a)  The following Exhibits,
as required by Item 601 of Regulation SK, are attached or incorporated by reference, as stated below.



|Number    |                                                        | Description                                                                                                                            
|--------- | ------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------
|          |                                                        |                                                                                                                                        
|3.1       |                                                        | Articles of Incorporation (1)                                                                                                          
|3.2       |                                                        | Bylaws (1)                                                                                                                             
|31.1      |                                                        | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|31.2      |                                                        | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|32.1      |                                                        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|101.INS * | XBRL Instance Document                                
|101.SCH * | XBRL Taxonomy Extension Schema Document               
|101.CAL * | XBRL Taxonomy Extension Calculation Linkbase Document 
|101.DEF * | XBRL Taxonomy Extension Definition Linkbase Document  
|101.LAB*  | XBRL Taxonomy Extension Label Linkbase Document       
|101.PRE * | XBRL Taxonomy Extension Presentation Linkbase Document
|          |                                                        |                                                                                                                                        

_________________

(1) Incorporated by reference to the
Registrant’s Form S-1 (File No. 333-189414), filed with the Securities and Exchange Commission on June 18, 2013.



*XBRL (Extensible Business Reporting
Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11
or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, and otherwise is not subject to liability under these sections.



-34-





SIGNATURES



In accordance with Section 13 or 15(d) of the Securities
Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





| | UA GRANITE CORPORATION
| | ----------------------
| | (Name of Registrant)  







|Date: June 27, 2014 |  | By: | /s/Myroslav Tsapaliuk
|------------------- |  | --- | ---------------------
|                    |  |     | Name:                
|                    |  |     | Title:               



















-35-





EXHIBIT INDEX





|Number    |                                                        | Description                                                                                                                            
|--------- | ------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------
|          |                                                        |                                                                                                                                        
|3.1       |                                                        | Articles of Incorporation (1)                                                                                                          
|3.2       |                                                        | Bylaws (1)                                                                                                                             
|31.1      |                                                        | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|31.2      |                                                        | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                
|32.1      |                                                        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|101.INS * | XBRL Instance Document                                
|101.SCH * | XBRL Taxonomy Extension Schema Document               
|101.CAL * | XBRL Taxonomy Extension Calculation Linkbase Document 
|101.DEF * | XBRL Taxonomy Extension Definition Linkbase Document  
|101.LAB*  | XBRL Taxonomy Extension Label Linkbase Document       
|101.PRE * | XBRL Taxonomy Extension Presentation Linkbase Document
|          |                                                        |                                                                                                                                        

_________________



(1) Incorporated by reference to the
Registrant’s Form S-1 (File No. 333-189414), filed with the Securities and Exchange Commission on June 18, 2013.



*XBRL (Extensible Business Reporting
Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11
or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, and otherwise is not subject to liability under these sections.