# EDGAR Filing Document

**Accession Number:** 0001663038
**File Stem:** 0001477932-23-001440
**Filing Date:** 2023-3
**Character Count:** 50020
**Document Hash:** 1d2aa64c23b823fb17cdb74b3212b669
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-23-001440.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001477932-23-001440

**CONFORMED SUBMISSION TYPE**: C-AR

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20220731

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Reliant Service Inc
- **CENTRAL INDEX KEY:** 0001663038
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 364806481
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** C-AR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-28815
- **FILM NUMBER:** 23726777

**BUSINESS ADDRESS:**
- **STREET 1:** 15656 BERNARDO CENTER DRIVE, #801
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92127
- **BUSINESS PHONE:** 858-203-0312

**MAIL ADDRESS:**
- **STREET 1:** 15656 BERNARDO CENTER DRIVE, #801
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92127

### Attached PDF Documents

**Attachment 1:** `exa.pdf`

# MARCH 13, 2023

# FORM C-AR

# RELIANT SERVICE, INC.

This Form C-AR (including the cover page and all exhibits attached hereto, the “Form C-AR”) is being furnished by Reliant Service, Inc. (“Reliant,” the “Company,” “we,” “us,” or “our”) for the sole purpose of providing certain information about the Company as required by the U.S. Securities and Exchange Commission (“SEC” or “Commission”).

No federal or state securities commission or regulatory authority has passed upon the accuracy or adequacy of this document. The SEC does not pass upon the accuracy or completeness of any disclosure document or literature. The Company is filing this Form C-AR pursuant to Regulation CF (§ 227.100 et seq.) which requires that it must file a report with the Commission and annually post the report on its website at www.reliantservice.biz no later than 120 days after the end of each fiscal year covered by the report. The Company may terminate its reporting obligations in the future in accordance with Rule 202(b) of Regulation CF (§ 227.202(b)) by (1) being required to file reports under Section 13(a) or Section 15(d) of the Exchange Act of 1934, as amended, (2) filing at least one annual report pursuant to Regulation CF and having fewer than 300 holders of record, (3) filing annual reports for three years pursuant to Regulation CF and having assets equal to or less than $10,000,000, (4) the repurchase of all the Securities sold pursuant to Regulation CF by the Company or another party or (5) the liquidation or dissolution of the Company.

The date of this Form C-AR is March 13, 2022. However, the financial information and business information set forth herein is as of July 31, 2022, not as of present date.

THIS FORM C-AR DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR SELL SECURITIES.

# ABOUT THIS FORM C-AR

You should rely only on the information contained in this Form C-AR. We have not authorized anyone to provide any information different from that contained in this Form C-AR. If anyone provides you with different or inconsistent information, you should not rely on it. Statements contained herein as to the content of any agreements or other documents are summaries and, therefore, are necessarily selective and incomplete and are qualified in their entirety by the actual agreements or other documents.

You should assume that the information contained in this Form C-AR is accurate only as of the date of this Form C-AR, regardless of the time of delivery of this Form C-AR. Our business, financial condition, results of operations, and prospects may have changed since that date.

# FORWARD-LOOKING STATEMENTS

This Form C-AR and any documents incorporated by reference herein or therein, including Exhibit A and Exhibit B, contain forward-looking statements and are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this Form C-AR are forward-looking statements. Forward-looking statements give the Company’s current reasonable expectations and projections regarding its financial condition, results of

operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “should,” “can have,” “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

The forward-looking statements contained in this Form C-AR and any documents incorporated by reference herein are based on reasonable assumptions the Company has made in light of its industry experience, perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. As you read and consider this Form C-AR, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond the Company’s control) and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.

Any forward-looking statements made in this Form C-AR or any documents incorporated by reference herein or therein is accurate only as of the date of this Form C-AR. Factors or events that could cause our actual operating and financial performance to differ may emerge from time to time, and it is not possible for the Company to predict all of them. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this Form C-AR, whether as a result of new information, future developments or otherwise, or to conform these statements to actual results or to changes in our expectations.

# OTHER INFORMATION

The Company has not failed to comply with the ongoing reporting requirements of Regulation CF § 227.202 in the past.

# Bad Actor Disclosure

The Company is not subject to any Bad Actor Disqualifications under any relevant U.S. securities laws.

# EXHIBIT A

# ANNUAL REPORT

# (EXHIBIT A TO FORM C-AR)

March 13, 2023

Reliant Service, Inc.

# SUMMARY

The following summary is qualified in its entirety by more detailed information that may appear elsewhere in the Form C-AR and the Exhibits hereto. This summary may not contain all of the information that may be important to you. You should read the entire Form C-AR carefully, including this Exhibit A and Exhibit B therein.

# THE COMPANY

As of July 31, 2022, we are currently seeking acquisition partners we believe would be beneficial for the Company and our shareholders. To this end, we began the process of identifying sectors and industries that current management believes will provide the most long-term and short-term benefit to the existing and future shareholders of the Company. However, as of July 31, 2022, we have not identified any potential acquisition candidates or entered any negotiations relating to the same. Additionally, we intend to continue to take such corporate actions necessary to fulfill our reporting obligations and undertaking other corporate actions necessary to continue and eventually grow the Company's business operations, through the identification of suitable acquisition partners. It is our intent to update our shareholders during this process.

# RISK FACTORS

The SEC requires the Company to identify risks that are specific to its business and financial condition. The Company is still subject to all the same risks that all companies in its business, and all companies in the economy, are exposed to. These include risks relating to economic downturns, political and economic events and technological developments (such as hacking and the ability to prevent hacking). Additionally, early-stage companies are inherently riskier than more developed companies. You should consider general risks as well as specific risks, including, but not limited to, those noted herein.

## Risks Related to the Company's Business and Industry

Investing in early-stage companies is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company.

## Risks Relating to Our Securities

If a market for our common stock does not develop, shareholders may be unable to sell their shares.

Our common stock is quoted under the symbol "RLLT" on the OTC PINK Market operated by OTC Markets Group, Inc., an electronic inter-dealer quotation medium for equity securities. We do not currently have an active trading market. There can be no assurance that an active and liquid trading market will develop or, if developed, that it will be sustained.

Our securities are very thinly traded. Accordingly, it may be difficult to sell shares of our common stock without significantly depressing the value of the stock. Unless we are successful in developing continued investor interest in our stock, sales of our stock could continue to result in major fluctuations in the price of the stock.

Because we are subject to the "Penny Stock" rules, the level of trading activity in our stock may be reduced.

The Securities and Exchange Commission has adopted regulations which generally define "penny stock" to be any listed, trading equity security that has a market price less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exemptions. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer's account. In addition, the penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules which may increase the difficulty Purchasers may experience in attempting to liquidate such securities.

## Effect of Amended Rule 15c2-11 on the Company's securities.

The SEC released and published a Final Rulemaking on Publication or Submission of Quotations without Specified Information amending Rule 15c2-11 under the Exchange Act ("Rule 15c2-11," the "Amended Rule 15c2-11"). To be eligible for public quotations on an ongoing basis, Amended Rule 15c2-11's modified the "piggyback exemption" that required that (i) the specified current information

about the company is publicly available, and (ii) the security is subject to a one-sided (i.e. a bid or offer) priced quotation, with no more than four business days in succession without a quotation. Under Amended Rule 15c2-11, shell companies like the Company (and formerly suspended securities) may only rely on the piggyback exemption in certain limited circumstances. The Amended Rule 15c2-11 will require, among other requirements, that a broker-dealer has a reasonable basis for believing that information about the issuer of securities is accurate. Our security holders may find it more difficult to deposit common stock with a broker-dealer, and if deposited, more difficult to trade the securities on the Pink Sheets. The Company intends to provide the specified current information under the Exchange Act but there is no assurance that a broker-dealer will accept our common stock or if accepted, that the broker-dealer will rely on our disclosure of the specified current information.

# **We do not expect to pay dividends in the foreseeable future. Any return on investment may be limited to the value of our common stock.**

We do not anticipate paying cash dividends on our common stock in the foreseeable future. The payment of dividends on our common stock will depend on earnings, financial condition and other business and economic factors affecting it at such time as the board of directors may consider relevant. If we do not pay dividends, our common stock may be less valuable because a return on your investment will occur only if our stock price appreciates.

Provisions in the Nevada Revised Statutes and our Bylaws could make it very difficult for an investor to bring any legal actions against our directors or officers for violations of their fiduciary duties or could require us to pay any amounts incurred by our directors or officers in any such actions.

Members of our board of directors and our officers will have no liability for breaches of their fiduciary duty of care as a director or officer, except in limited circumstances, pursuant to provisions in the Nevada Revised Statutes and our Bylaws as authorized by the Nevada Revised Statutes. Specifically, Section 78.138 of the Nevada Revised Statutes provides that a director or officer is not individually liable to the company or its shareholders or creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless it is proven that (1) the director's or officer's act or failure to act constituted a breach of his or her fiduciary duties as a director or officer and (2) his or her breach of those duties involved intentional misconduct, fraud or a knowing violation of law. This provision is intended to afford directors' and officers' protection against and to limit their potential liability for monetary damages resulting from suits alleging a breach of the duty of care by a director or officer. Accordingly, you may be unable to prevail in a legal action against our directors or officers even if they have breached their fiduciary duty of care. In addition, our Bylaws allow us to indemnify our directors and officers from and against any and all costs, charges and expenses resulting from their acting in such capacities with us. This means that if you were able to enforce an action against our directors or officers, in all likelihood, we would be required to pay any expenses they incurred in defending the lawsuit and any judgment or settlement they otherwise would be required to pay. Accordingly, our indemnification obligations could divert needed financial resources and may adversely affect our business, financial conditions, results of operations and cash flows, and adversely affect prevailing market prices for our common stock.

If we make mistakes or have unforeseen things happen to us, our suppliers, partners, vendors, etc, or the world, we can make little or no profit and can be driven out of business.

# **Global crises, such as COVID-19, can have a significant effect on our business operations and revenue projections.**

A significant outbreak of contagious diseases, such as COVID-19, in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, including the United States where we principally operate, resulting in an economic downturn that could reduce the demand for our products and services and impair our business prospects, including as a result of being unable to raise additional capital on acceptable terms to us, if at all.

The amount of capital the Company has on hold may not be enough to sustain the Company's current business plan.

In order to achieve the Company's near and long-term goals, the Company may need to procure additional funds. There is no guarantee the Company will be able to raise such funds on acceptable terms or at all. If we are not able to raise sufficient capital in the future, we may not be able to execute our business plan, our continued operations will be in jeopardy and we may be forced to cease operations and sell or otherwise transfer all or substantially all of our remaining assets, which could cause an Investor to lose all or a portion of their investment.

We may face potential difficulties in obtaining capital.

We may have difficulty raising needed capital in the future as a result of, among other factors, our lack of revenues from sales, as well as the inherent business risks associated with our Company and present and future market conditions. Our business currently has limited sales and future sources of revenue may not be sufficient to meet our future capital requirements. We will require additional funds to execute our business strategy and conduct our operations. If adequate funds are unavailable, we may be required to delay, reduce the scope of or eliminate one or more of our research, development or commercialization programs, product launches or marketing efforts, any of which may materially harm our business, financial condition and results of operations.

THE BOTTOM LINE:

Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies. All investments can result in significant or total loss of your loan and/or investment. If we do well, the stock should do well also, yet life offers no guarantees and neither can we. If we make mistakes or have unforeseen things happen to us, our suppliers or the world, we can make little or no profit and can be driven out of business. We cannot guarantee success, return on investment, or repayment of loans.

Please Only Invest What You Can Afford to Lose

# BUSINESS

# Description of the Business

As of July 31, 2022, we are currently seeking acquisition partners we believe would be beneficial for the Company and our shareholders. To this end, we began the process of identifying sectors and industries that current management believes will provide the most long-term and short-term benefit to the existing and future shareholders of the Company. However, as of July 31, 2022, we have not identified any potential acquisition candidates or entered any negotiations relating to the same. Additionally, we intend to continue to take such corporate actions necessary to fulfill our reporting obligations and undertaking other corporate actions necessary to continue and eventually grow the Company's business operations, through the identification of suitable acquisition partners. It is our intent to update our shareholders during this process.

# Business Plan

We are presently seeking acquisition partners.

# Intellectual Property

None.

# Domain Names

At present, the Company owns the www.reliantservice.biz domain name.

# Governmental/Regulatory Approval and Compliance

The Company is subject to and affected by the laws and regulations of U.S. federal, state and local governmental authorities. These laws and regulations are subject to change.

# Litigation

The Company is not subject to any current litigation or threatened litigation.

# DIRECTORS, OFFICERS, MANAGERS AND KEY PERSONS

The directors, officers, managers and key persons of the Company are listed below along with all positions and offices held at the Company and their principal occupation and employment responsibilities for the past three (3) years.

| Name | Positions and Offices Held at the Company | Dates Held |
| --- | --- | --- |
| Naveen Kulkarni | Sole Officer & Director | February 8, 2023 to present. |
| Sandra (Demeria) Brossart | Sole Officer & Director | September 15, 2021 to February 8, 2023 |
| Anthony Lombardo | Sole Officer & Director | June 24, 2021 to September 15, 2021 |

## Indemnification

Indemnification is authorized by the Company to directors, officers or controlling persons acting in their professional capacity pursuant to Nevada law. Indemnification includes expenses such as attorney's fees and, in certain circumstances, judgments, fines and settlement amounts actually paid or incurred in connection with actual or threatened actions, suits or proceedings involving such person, except in certain circumstances where a person is adjudged to be guilty of gross negligence or willful misconduct, unless a court of competent jurisdiction determines that such indemnification is fair and reasonable under the circumstances.

## Employees

As of July 31, 2022, the Company had one (1) employee. The Company also utilizes independent contractors and advisors.

# CAPITALIZATION, DEBT AND OWNERSHIP

## Capitalization

As of July 31, 2022, the aggregate number of shares which this Corporation shall have authority to issue is Seventy Five Million (75,000,000) shares of Common Stock, par value $0.001 per share (the “Common Stock”).

### Outstanding Capital Stock

As of July 31, 2022, the Company’s outstanding capital stock consists of:

| Type | Common Stock |
| --- | --- |
| Amount Outstanding | 55,015,000 |
| Par Value Per Share | $0.001 |
| Voting Rights | 1 vote per share |
| Anti-Dilution Rights | None |
| Other Rights | None |
| How this security may limit, dilute or qualify the Security issued pursuant to Regulation CF | As the Form C offering was withdrawn and no shares were sold, the issuance of any shares of common stock will not have any impact. |

### Outstanding Options, Safes, Convertible Notes, Warrants

As of July 31, 2022, the Company has the following additional securities outstanding:

None.

### Outstanding Debt

As of July 31, 2022, the Company has $29,850 in total liabilities. Please refer to the Financial Statements for more information, specifically Notes 4 & 5.

### Previous Offerings of Securities

We have made the following public offerings of securities within the last three years:

None. On September 24, 2021, we commenced an offering on Form C pursuant to Regulation CF, which was subsequently withdrawn on March 6, 2023 with the filing of Form C-W as no shares were sold thereunder.

### Ownership

The table below lists, as of July 31, 2022, the beneficial owners of twenty percent (20%) or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, and are listed along with the amount they own.

| Name | Amount and Type or Class Held | Percentage Ownership (in terms of voting power) |
| --- | --- | --- |
| Friction & Heat LLC | 50,004,900 (Common Stock) | 90.89% |

# FINANCIAL INFORMATION

Please see the financial information listed on the cover page of this Form C-AR and in the financial statements attached hereto as Exhibit B, in addition to the following information.

## Operations

Reliant Service, Inc. (the “**Company**”) was incorporated on March 20, 2015 under the laws of the State of Nevada, and is presently headquartered in San Diego, California. As of July 31, 2022, the Company was seeking acquisition candidates.

## Cash and Cash Equivalents

The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. The Company has no bank account and relies exclusively on funds loaned to it.

As of July 31, 2022, the Company had no cash or cash equivalents.

## Liquidity and Capital Resources

In September 2021, the Company commenced an offering pursuant to Regulation CF. However, as no shares were sold thereunder, on March 6, 2023, the Company withdrew said offering via a Form C-W.

## Capital Expenditures and Other Obligations

The Company does not intend to make any material capital expenditures in the near future.

## Valuation

The Company has ascribed no valuation to the Company; the securities are priced arbitrarily.

## Material Changes and Other Information

### *Trends and Uncertainties*

After reviewing the above discussion of the steps the Company intends to take, potential Investors should consider whether achievement of each step within the estimated time frame will be realistic in their judgment. Potential Investors should also assess the consequences to the Company of any delays in taking these steps and whether the Company will need additional financing to accomplish them.

The financial statements are an important part of this Form C-AR and should be reviewed in their entirety. Please see the financial statements attached as Exhibit B.

### *Restrictions on Transfer*

Prior to making any transfer of the Securities or any capital stock into which they are convertible, such transferring Investor must either make such transfer pursuant to an effective registration statement filed with the SEC or provide the Company with an opinion of counsel reasonably satisfactory to the Company stating that a registration statement is not necessary to effect such transfer.

In addition, the Investor may not transfer the Securities or any capital stock into which they are convertible to any of the Company’s competitors, as determined by the Company in good faith.

## TRANSACTIONS WITH RELATED PERSONS AND CONFLICTS OF INTEREST

From time to time the Company may engage in transactions with related persons. Related persons are defined as any director or officer of the Company; any person who is the beneficial owner of twenty percent (20%) or

more of the Company's outstanding voting equity securities, calculated on the basis of voting power; any promoter of the Company; any immediate family member of any of the foregoing persons or an entity controlled by any such person or persons.

The Company has conducted the following transactions with related persons: None.

**Attachment 2:** `exb.pdf`

# **EXHIBIT B  
FINANCIAL STATEMENTS  
JULY 31, 2022  
(EXHIBIT B TO FORM C-AR)  
March 13, 2023  
Reliant Service, Inc.**

# RELIANT SERVICE INC
BALANCE SHEETS

| ASSETS | July 31, 2022 | July 31, 2021 |
| --- | --- | --- |
| Cash | - | - |
| Total assets | - | - |
| LIABILITIES AND STOCKHOLDERS' DEFICIT |  |  |
| Current liabilities |  |  |
| Accounts payable and accrued expenses | 10,096 | 8,612 |
| Due to related parties | 9,912 | 5,125 |
| Notes payable | 9,842 | 9,842 |
| Total current liabilities | 29,850 | 23,579 |
| Total liabilities | 29,850 | 23,579 |
| Commitments and Contingencies |  |  |
| Common Shares 75,000,000 authorized shares, par value $0.001 55,015,000 shares issued and outstanding as of July 31, 2022 and 2021 respectively | 55,015 | 55,015 |
| Additional paid-in capital | 41,285 | 41,285 |
| Accumulated deficit | (126,150) | (119,879) |
| Total stockholders' deficit | (29,850) | (23,579) |
| Total liabilities and stockholders' deficit | - | - |

The accompanying notes are an integral part of these condensed financial statements.
No assurance provided

# RELIANT SERVICE INC  
STATEMENTS OF OPERATIONS

|  | For the years ended |  |
| --- | --- | --- |
|  | July |  |
|  | 2022 | 2021 |
| Sales | $ - | $ - |
| Operating expenses |  |  |
| General and administrative | 2,325 | 4,675 |
| Professional fees | 2,962 | 15,292 |
| Total operating expenses | 5,287 | 19,967 |
| Loss from operations | (5,287) | (19,967) |
| Other expense |  |  |
| Interest expense | (984) | (88) |
| Loss of settlement of debt | - | (45,000) |
| Total other expenses | (984) | (45,088) |
| Net loss before tax provision | (6,271) | (65,055) |
| Tax provision | - | - |
| Net loss | $(6,271) | $(65,055) |
| Net loss per common share: basic and diluted | $(0.00) | $(0.00) |
| Weighted average common shares outstanding - basic and diluted | 5,015,000 | 5,015,000 |

The accompanying notes are an integral part of these condensed financial statements.  
No assurance provided

# RELIANT SERVICE INC  
STATEMENT OF STOCKHOLDERS' DEFICIT

|  | Shares | $0.001 Par Value | Paid-In Capital | Accumulated Deficit | Stockholders' Deficit |
| --- | --- | --- | --- | --- | --- |
| Balance, July 31, 2020 | 5,015,000 | $5,015 | $41,285 | $(54,824) | $(8,524) |
| Shares issued to settle debt | 50,000,000 | $50,000 | $ - | $ - | $50,000 |
| Net Loss | - | - | - | (65,055) | (65,055) |
| Balance, July 31, 2021 | 55,015,000 | 55,015 | 41,285 | (119,879) | (23,579) |
| Net Loss | - | - | - | (6,271) | (6,271) |
| Balance, July 31, 2022 | 55,015,000 | 55,015 | 41,285 | (126,150) | (29,850) |

The accompanying notes are an integral part of these condensed financial statements.  
No assurance provided

# RELIANT SERVICE INC.
STATEMENTS OF CASHFLOWS

|  | For the years ended |  |
| --- | --- | --- |
|  | July 31, 2022 | July 31, 2021 |
| Cash Flows from Operating Activities |  |  |
| Net loss | $(6,271) | $(65,055) |
| Loss on conversion of debt | - | 45,000 |
| Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |
| Changes in assets and liabilities |  |  |
| Accounts payable | 1,484 | 88 |
| Due to related party | 4,787 | 10,125 |
| Net cash from operating activities | - | (9,842) |
| Cash Flows from Financing Activities |  |  |
| Proceeds from notes payable | - | 9,842 |
| Net cash from financing activities | - | 9,842 |
| Net decrease in cash | - | - |
| Cash, beginning of period | - | - |
| Cash, end of period | $ - | $ - |
| Supplemental disclosure of cash flow information |  |  |
| Cash paid for interest | $ - | $ - |
| Cash paid for taxes | $ - | $ - |

The accompanying notes are an integral part of these condensed financial statements.
No assurance provided

# **RELIANT SERVICE INC.**  
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**  
**July 31, 2022 and 2021**

# **NOTE 1 - NATURE OF BUSINESS AND OPERATIONS**

# **Organization**

Reliant Service Inc. (the “Company”) was incorporated in the state of Nevada on March 20, 2015. The company develops marketing channels to distribute office equipment to the wholesale market in the United States. Our functional currency is the US Dollar and all the references to currency in the financial statements are in US Dollars

# **NOTE 2 - GOING CONCERN**

The accompanying financial statements have been prepared in US dollars and in accordance with accounting principles generally accepted in the United States (“GAAP”) on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. During the year ended July 31, 2022, the Company incurred net losses of $6,271 and accumulated deficits of $126,150. During the year ended July 31, 2021, the Company incurred net losses of $65,055 and accumulated deficits of $119,879. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

We are entirely dependent on our ability to attract and receive funding from either the sale of securities or outside sources such as private investment or a strategic partner. We currently have no firm agreements or arrangements with respect to any such financing and there can be no assurance that any needed funds will be available to us on acceptable terms or at all. The inability to obtain sufficient funding of our operations in the future will restrict our ability to grow and reduce our ability to continue to conduct business operations. Our failure to raise additional funds will adversely affect our business, and may require us to suspend our operations, which in turn may result in a loss to the purchasers of our common stock. If we are unable to obtain necessary financing, we will likely be required to curtail our development plans. Any additional equity financing may involve substantial dilution to our then existing stockholders.

# **NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

# **Use of Estimates**

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

# **Cash and Cash Equivalents**

For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

# **Stock-based compensation**

The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.

The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with ASC 718-10 and the conclusions reached by the ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by ASC 505-50

### **Concentration of Credit Risk**

The Company has no off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains all of its cash balances with two financial institutions in the form of demand deposits.

### **Loss per Share**

The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.

### **Revenue Recognition**

The Company recognizes revenue from its contracts with customers in accordance with *ASC 606 - Revenue from Contracts with Customers*. The Company recognizes revenues when satisfying the performance obligation of the associated contract that reflects the consideration expected to be received based on the terms of the contract.

Revenue related to contracts with customers is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize revenue when the Company satisfies a performance obligation.

### **Income Taxes**

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

### **Fair Value of Financial Instruments**

The Company measures fair value in accordance with ASC 820 - Fair Value Measurements. ASC 820 defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurements. ASC 820 establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, ASC 820 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by ASC 820 are:

Level 1 - Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

Level 2 - Inputs (other than quoted market prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument's anticipated life.

Level 3 - Inputs reflect management's best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Valuation of instruments includes unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities.

As defined by ASC 820, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale, which was further clarified as the price that would be received to sell an asset or paid to transfer a liability ('an exit price') in an orderly transaction between market participants at the measurement date

The reported fair values for financial instruments that use Level 2 and Level 3 inputs to determine fair value are based on a variety of factors and assumptions. Accordingly, certain fair values may not represent actual values of the Company's financial instruments that could have been realized as of July 31, 2022 and 2021 or that will be recognized in the future, and do not include expenses that could be incurred in an actual settlement. The carrying amounts of the Company's financial assets and liabilities, such as cash, accounts receivable, receivables from related parties, prepaid expenses and other, accounts payable, accrued liabilities, and related party and third party notes payables approximate fair value due to their relatively short maturities. The Company's notes payable approximates the fair value of such instrument based upon management's best estimate of terms that would be available to the Company for similar financial arrangements at July 31, 2022 and 2021.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of July 31, 2022:

|  | Level 1 | Level 2 | Level 3 | Total |
| --- | --- | --- | --- | --- |
| Liabilities | $ - | $ - | $ - | $ - |

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of July 31, 2021:

|  | Level 1 | Level 2 | Level 3 | Total |
| --- | --- | --- | --- | --- |
| Liabilities | $ - | $ - | $ - | $ - |

### Recent Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 'Debt-Debt with 'Conversion and Other Options' and ASC subtopic 815-40 'Hedging-Contracts in Entity's Own Equity'. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the

premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements.

In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We will do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The ASU modifies the disclosure requirements in Topic 820, Fair Value Measurement, by removing certain disclosure requirements related to the fair value hierarchy, modifying existing disclosure requirements related to measurement uncertainty and adding new disclosure requirements, such as disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. This ASU is effective for public companies for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. The Company is currently evaluating the effect, if any, that the ASU will have on its consolidated financial statements.

In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718), Improvements to Nonemployee Share-based Payments ('ASU 2018-07'). This ASU expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. The effective date for the standard is for interim periods in fiscal years beginning after December 15, 2018, with early adoption permitted, but no earlier than the Company's adoption date of Topic 606. Under the new guidance, the measurement of nonemployee equity awards is fixed on the grant date. The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. The Company is currently evaluating the effect ASU 2018-07 will have on the consolidated financial statements.

Management has considered all recent accounting pronouncements issued. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

#### **NOTE 4 -PROMISSORY NOTES**

Promissory notes payable as of July 31, 2022 and 2021 consists of the following:

|  | July 31, 2022 | July 31, 2021 |
| --- | --- | --- |
| Dated June 14, 2021 | $6,000 | $6,000 |
| Dated July 20, 2021 | 3,842 | 3,842 |
| Total notes payable | $9,842 | $9,842 |

On June 14, 2021, the Company issued a promissory note for proceeds of $6,000. The note is due on demand and accrues interest at 10% per annum.

On July 20, 2021, the Company issued a promissory note for proceeds of $3,842. The note is due on demand and accrues interest at 10% per annum.

During the years ended July 31, 2022 and 2021, the Company recorded interest expense of $984 and $88, respectively.

## NOTE 5 - RELATED PARTY TRANSACTIONS

During the years ended July 31, 2022 and 2021, the Company was advanced $4,787 and 10,125 from a related party for payment of operational expenses. The amounts due bears no interest and are due on demand. As of July 31, 2022 and 2021, the amount due to related parties was $9,912 and $5,125, respectively.

## NOTE 6 - INCOME TAXES

The Company provides for income taxes under ASC 740, “*Income Taxes*.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of July 31, 2022 and 2021, are as follows:

|  | July 31, 2022 | July 31, 2021 |
| --- | --- | --- |
| Net operating loss carryforward | $(126,150) | $(119,879) |
| Statutory tax rate | 21% | 21% |
| Deferred tax asset | (26,492) | (25,175) |
| Less: Valuation allowance | 26,492 | 25,175 |
| Net deferred asset | $ - | $ - |

As of July 31, 2022 and 2011, the Company had approximately $126,000 and $120,000 in net operating losses (“NOLs”), respectively that may be available to offset future taxable income. NOLs generated in tax years prior to July 31, 2019 can be carryforward for twenty years, whereas NOLs generated after July 31, 2019 can be carryforward indefinitely. In accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes.

## NOTE 7 - STOCKHOLDERS’ EQUITY

The Company’s authorized common stock consists of 75,000,000 shares with par value of $0.001. As of July 31, 2022 and 2021, the Company had 55,015,000 and 55,015,000 shares of common stock issued and outstanding.

## NOTE 8 - SUBSEQUENT EVENTS

On February 8, 2023, Ms. Sandra (Demeria) Brossart (“Brossart”) resigned as the sole-officer and director of the Company, and Mr. Naveen Krishna Rao Kulkarni (“Kulkarni”) was appointed as sole-officer and director in her place. Thereafter, on February 21, 2023, the Company entered into that certain Asset Purchase Agreement (“Purchase Agreement”), between the Company and Quantumzyme Inc., a Delaware corporation, (“Quantumzyme”) and Kulkarni, the sole-officer, director, and shareholder of Quantumzyme (collectively, Quantumzyme and Mr. Kulkarni are hereinafter referred to as the “Seller”) pursuant to which the Company acquired various assets from the Seller, such assets are applied to and used in the “Enzyme Catalyst” biotransformation sector. Due to the Purchase Agreement, and as of February 21, 2023, the Company ceased being a “shell company” as that term is defined in Item 1101(b) of Regulation AB (§229.1101(b) of this chapter).

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Reliant Service Inc

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** NV

**Date of Organization:** 03-20-2015

**Physical Address:** 15656 BERNARDO CENTER DRIVE, #801, SAN DIEGO, CA, 92127

**Issuer Website:** www.reliantservice.biz

**Is there a Co-Issuer?:** No

### Annual Report Disclosure Requirements

**Current Number of Employees:** 4.00

**Total Assets (Most Recent Fiscal Year):** $0.00

**Total Assets (Prior Fiscal Year):** $0.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $0.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $0.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $29,850.00

**Short-Term Debt (Prior Fiscal Year):** $23,579.00

**Long-Term Debt (Most Recent Fiscal Year):** $0.00

**Long-Term Debt (Prior Fiscal Year):** $0.00

**Revenues/Sales (Most Recent Fiscal Year):** $0.00

**Revenues/Sales (Prior Fiscal Year):** $0.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $0.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $0.00

**Net Income (Prior Fiscal Year):** $0.00

### Signatures

**Issuer:** Reliant Service Inc

**Signature:** /s/ Naveen Kulkarni

**Title:** Chief Executive Officer

---

**Signature:** /s/ Naveen Kulkarni

**Title:** Director

**Date:** 03-13-2023