# EDGAR Filing Document

**Accession Number:** 0001956237
**File Stem:** 0001713282-25-000525
**Filing Date:** 2025-6
**Character Count:** 69802
**Document Hash:** 585aaf8778e213960c2e3e0e04e7c9f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001713282-25-000525.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001713282-25-000525

**CONFORMED SUBMISSION TYPE**: 1-K/A

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Almco Plumbing Inc
- **CENTRAL INDEX KEY:** 0001956237
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 364915179
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-K/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00891
- **FILM NUMBER:** 251077561

**BUSINESS ADDRESS:**
- **STREET 1:** 5663 BALBOA AVE
- **STREET 2:** UNIT 372
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111
- **BUSINESS PHONE:** 8582529321

**MAIL ADDRESS:**
- **STREET 1:** 5663 BALBOA AVE
- **STREET 2:** UNIT 372
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111

## Part

**U.S. SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 1-K/A**

**Amendment No.1**

**ANNUAL REPORT PURSUANT TO REGULATION A**

For the Fiscal year ended December 31, 2024

**ALMCO PLUMBING INC.**<br> (Exact name of registrant as specified in its charter)<br>

---

| | |
|:---|:---|
| **California** | **36-4915179** |
| (State of other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification Number) |

---

**4838 Ronson Ct, Unit D<br> San Diego, CA 92111**

(Address, including zip code of principal executive office)

**858-209-7214**

(Issuer's telephone number, including area code)

**<u>Common Stock</u>**

(Title of each class of securities issued pursuant to Regulation A)

Website: https://almcoplumbing.com

**EXPLANATORY NOTE**

This Amendment No 1. to the Annual Report on Form 1-K of Almco Plumbing Inc. (the "Company") for the year ended December 31, 2024, (this "Amendment") is being filed to amend the original Annual Report on Form 1-K for the year ended December 31, 2024, filed by the Company with the Commission on April 25, 2025 (the "Original Report"). The material amendments are as follows:

Balance Sheet

Accounts Receivable increased from $151,009 to the restated amount of $176,239, therefore total Current Assets also was increased from $467,177 to restated amount of $492,408. As a result, our Total Assets also increased from $897,361 to the restated amount of $922,592.

The sole purpose of this amendment is to correct a technical issue and formulas that occurred when transferring Numbers from an Excel spreadsheet to the EDGAR file.

Except for the foregoing, this Amendment does not update or modify any of the information contained in the Original Report except as indicated. Other than as specifically set forth herein, this Amendment continues to speak as of the date of the Original Report and we have not updated or amended the disclosures contained therein to reflect events that have occurred since the date of the Original Filing. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time of the Original Report. Accordingly, this Amendment should be read in conjunction with our filings made with the Commission after the date of the Original Report.

**STATEMENTS REGARDING FORWARD-LOOKING INFORMATION**

This Annual Report on Form 1-K of Almco Plumbing Inc.California corporation contains certain forward–looking statements that are subject to various risks and uncertainties. We use words such as "project", "believe", "anticipate", "plan", "expect", "estimate", "intend", "should", "would", "could", or "may", or other such words, verbs in the future tense and words and phrases that convey similar meaning and uncertainty of future events or outcomes to identify these forward–looking statements. There are a number of important factors beyond our control that could cause actual results to differ materially from the results anticipated by these forward–looking statements. While we make these forward–looking statements based on various factors and using numerous assumptions, you have no assurance the factors and assumptions will prove to be materially accurate when the events they anticipate actually occur in the future.

The forward–looking statements are based upon our beliefs and assumptions using information available at the time we make these statements. We caution you not to place undue reliance on our forward–looking statements as (i) these statements are neither predictions nor guaranties of future events or circumstances, and (ii) the assumptions, beliefs, expectations, forecasts and projections about future events may differ materially from actual results. We undertake no obligation to publicly update any forward–looking statement to reflect developments occurring after the date of this offering circular.

**YOU SHOULD RELY ONLY ON THE INFORMATION IN THIS OFFERING CIRCULAR**

You should rely only on the information contained in this offering circular. We have not authorized anyone to provide information different from that contained in this offering circular. We will sell our shares only in jurisdictions where such sale and distribution is permitted. The information contained in this offering circular is accurate only as of the date of this offering circular regardless of the time of delivery of this offering circular or the distribution of our common stock.

**ITEM 1. DESCRIPTION OF BUSINESS**

**Our business history and operations**

Over the past six years, we have built a robust professional team to develop and grow our plumbing business.

Our Service Philosophy is as follows: Our plumbers treat your home with respect and consideration. We use our own mats to wipe our feet and wear shoe covers before entering your home. We offer a fair assessment of your plumbing situation, along with a clear, upfront cost estimate. Our pricing is flat-rate, so you don't need to worry about costs increasing as the job progresses.

We generate revenue from single family residential, multifamily residential and commercial customers, respectively. These operating segments offer similar products and services with differing complexities to distinct customer groups and have different competitors.

The single-family residential market includes housing projects, small condominium projects, and town house development. The multifamily residential market includes apartment projects and condominiums. For family and multifamily residential customers, we provide plumbing, maintenance and repair services.

Our commercial segment is focused on obtaining plumbing and mechanical contracts with higher margins. We provide plumbing, mechanical contracting services, maintenance and repair to commercial customers. The commercial market includes retail establishments, office buildings, hotels, manufacturing plants and other industrial complexes.

**Our Code of Values**

INTEGRITY

&nbsp;&nbsp;&nbsp;&nbsp;• Making only agreements we are willing, able and intend to keep.

&nbsp;&nbsp;&nbsp;&nbsp;• Operating in a responsible manner: "Above the line…"

&nbsp;&nbsp;&nbsp;&nbsp;• Communicating openly and with purpose.

&nbsp;&nbsp;&nbsp;&nbsp;• Never saying anything about anyone that we would not say to him or her.

CUSTOMER FOCUS

&nbsp;&nbsp;&nbsp;&nbsp;• Continuously striving to maximize internal and external customer loyalty.

&nbsp;&nbsp;&nbsp;&nbsp;• Making our best effort to understand and appreciate the customers' needs in every situation.

RESPECT

&nbsp;&nbsp;&nbsp;&nbsp;• Responding in a timely fashion.

&nbsp;&nbsp;&nbsp;&nbsp;• Your home and/or your property, are always tried with the highest respect.

&nbsp;&nbsp;&nbsp;&nbsp;• We live your home clean every time after we are done working.

We are BBB A+ rating.

Our Dun & Bradstreet PAYDAX score 80.

The PAYDEX® (Payment Index) is an index that summarizes how our business has historically paid its bills based on information in the Dun & Bradstreet Data Cloud. Your business's PAYDEX® Score summarizes what our business's payment habits have been to date. Other words our risk of slow payment is currently LOW. This could have an effect on our ability to obtain financing or receive a favorable interest rate.

**Overview of our business**

Virtually all construction and renovation in the United States generates demand for plumbing and mechanical contracting services. The around decade consecutive year of expansion for the construction industry, lower interest rates enhanced the growth of the single-family residential segment, whereas a strong economy contributed to gradual growth in the commercial segment. This trend has contributed to appear of a large number of service companies. Generally, these companies are small, owner-operated, independent contractors who serve customers in a local market, and have limited access to capital for investment in to infrastructure, technology and expansion.

We believe that its customers generally select plumbing companies with a large, trained workforce that are able to meet their location and scheduling requirements, while also providing reliable high-quality service at a reasonable price. We obtain a significant portion of its contracts on negotiated terms through existing customer relationships instead of through competitive bid processes. Because many projects utilize repetitive plans, materials we are able to prefabricate some stuff necessary to complete the project, which ultimately increases productivity, quality and profitability by reducing construction time, labor costs and skill requirements.

We estimate that our cost of materials purchased currently represents approximately 20-25% of our revenue. We purchase copper, steel, PVC and ABS pipe, valves, hangers, fire protection and sprinkler systems, plumbing fixtures, drains, water heaters, boilers, chillers, air handling units and pumps, and other materials from a number of manufacturers. We buy these materials from the Home Depot or through wholesalers and other distributors. We negotiate with our suppliers to receive discounts whenever possible reduce the number of distributors from which it sources materials. We intend to focus on growth in its existing Start-ups markets through expansion of its national account strategy. We plan to continue to evaluate additional markets to assess the potential for future start-ups.

Plumbing services is our main activity service, which represent mostly of revenue, are primarily the installation of systems that convey domestic water throughout a building, systems that transport sanitary waste out of a building to a sewer connection, and systems that supply natural gas to various equipment or appliances such as heaters, boilers, ovens and stoves. A domestic water system typically includes separate piping for hot and cold water, as well as a number of fixtures such as sinks, bathtubs and showers. Plumbing contracting projects begin with project design and engineering in which the location, configuration and specifications for the plumbing systems to be installed are determined. Whether the design is provided by the customer, or we produce, the type, size and design of piping, fittings, valves, fixtures and other equipment is typically entered into our computer systems which handle estimation, materials ordering and job scheduling functions. Substantially all of the equipment and component parts we install are purchased from third-party wholesale suppliers or directly from the manufacturers and resold to the customer as part of the contracted installation. Orders and deliveries are coordinated to match the project schedule. Whenever possible, a significant portion of the plumbing and piping assembly is prefabricated at our facilities in order to reduce on-site installation time, increase quality control and reduce material costs and service time.

Once the job moves onto the costumer site, connections are made to the city sewage system, drainage piping is installed within the construction base, along the building's perimeter and risers are installed to elevate the piping above the level of the foundation. These risers are designed to either be contained within the walls for extension into upper floors, or to connect with fixtures to be installed in specified locations on ground level floors. After the foundation is poured and the framing for the walls and floors of the upper levels of the building is constructed, piping systems are extended to supply the fixtures and systems throughout the building and venting systems are installed. Once the walls have been covered, and the flooring, ceiling and roofing completed, fixtures (including sinks, water heaters, toilets, baths, faucets and spigots) are installed and the system is connected to the water main and gas supply. During the construction process, city whole inspectors generally tour a job site periodically to assure compliance with the applicable plumbing codes.

We provide Epoxy pipe lining service. Sewer line repair with epoxy lining can be easy as long as you have a professional plumber with trenchless sewer repair experience in San Diego, CA. For this, you can trust us. With 6+ years of experience, we can repair water and sewer pipes without digging up your yard using spray pipe lining, a trenchless sewer repair method. This means the sewer line issues can be repaired within several days and often without noise and interfering with your water supply. So far, we can assist you in getting your sewer line system back and working smoothly.

Commercial plumbing services. Quiet water leaks, pipe breaks, poor water flow, sewer clogs can all cause closures and significant losses. To prevent or quickly fix this, you need a commercial plumber from Almco Plumbing. We maintain office and school buildings, businesses, shopping centers, hospitals, restaurants, multi-storey residential buildings. We have years of experience in servicing complex sewage systems into industrial buildings. We are engaged in: preventive inspection of plumbing in order to prevent serious breakdowns and closure of the premises; diagnostics and search for causes of problems with plumbing that have already happened; prompt repair of damaged pipes, leaking toilets, elimination of blockages in pipes and blocks in the sewer system.

In the heart of San Diego, CA, Almco Plumbing is proud to introduce its state-of-the-art hydrojetting services. Whether it's a stubborn blockage or regular maintenance to keep your pipes in optimal condition, our hydrojetting solutions cater to all your drainage needs. We believe in offering the best and the most effective solutions to our clients. Over the years, we have witnessed firsthand the incredible power and precision of hydrojetting technology. Unlike traditional methods, hydrojetting provides a robust, environmentally friendly, and efficient way of cleaning and unclogging pipes and drains. Hydro-jetting is a procedure for cleaning the inner walls of pipes from blockages, growths, minerals, debris, and tree roots. To do this, the plumber uses a targeted high-pressure water jet. The pressure is adjustable from 4,000 to 60,000 psi. The procedure is non-invasive, meaning that there is no need to dig to clean the pipes. Hydro-jetting will improve the passage of water through pipes, help to avoid stagnant water, and protect you from leaks and pipe ruptures.

Pipe diagnostics with camera inspection.

We use a HD camera to localize leaks, find blockages and comprehensively evaluate pipes. Based on the video inspection, we select pipe repair methods and estimate the scope of work.

Industrial plumbing.

We carry out drain and sewer line repairs, water heater installation and repair, plumbing installation services, and pipe upgrades for business.

**Licensing**

We hold California Contractor's License #1045495. Most states require that at least one of our employees be a licensed master plumber, and many jurisdictions regulate the number and level of license holders who must be present on a construction site during the installation of plumbing and mechanical systems. California Contractors State License Board protects consumers by regulating the construction industry through policies that promote the health, safety, and general welfare of the public in matters relating to construction. The Contractors State License Board (CSLB) was established in 1929 as the Contractor's License Bureau under the Department of Professional and Vocational Standards. Today, CSLB is part of the Department of Consumer Affairs. CSLB licenses and regulates contractors in 44 classifications that constitute the construction industry. There are approximately 300,000 licensed contractors in the state. CSLB also registers home improvement salespersons. CSLB's Statewide Investigative Fraud Team (SWIFT) focuses on the underground economy and on unlicensed contractors. This unit conducts proactive stings and sweeps to help curtail illegal contracting by and cites those who are not licensed. Also, some jurisdictions require us to obtain a building permit for each plumbing or mechanical project. In addition, we must comply with labor laws and regulations, including those that relate to verification by employers of legal immigration or work permit status of employees.

**Trademark**

**We have registered our Trademark Almco Plumbing with the United States Patent and Trademark Office (USPTO) and confirmation about it was published at Trademark official Gazette November 14, 2023. Our United States trademark registration number is 7293734.**

https://tmog.uspto.gov/#/issueDate=2023-11-14&serialNumber=97737737

**Environmental Health and Safety**

We are subject to safety standards established and enforced by, among others, the Occupational Safety and Health Administration. We are also subject to various environmental laws and regulations relating to the use, storage, transportation and disposal of various materials- especially asbestos and hazardous materials.

**Long-term strategy** 

We are planning to conclude strategic alliances with national homebuilders to convert our high standard vision in plumbing industry to strong relationships. These homebuilders build thousands of homes per year but mainly deal with local or regional contractors in one-off relationships, which limits the homebuilder's ability to take advantage of its own scale. These homebuilders can be working with us to take advantage of operational, logistical and pricing synergies that would be provided by one contract.

**Employees** 

As of December 31, 2024, we had 16 employees. Currently, none of our employees are members of unions or work under a collective bargaining agreement. We believe that our relationship with employees is satisfactory.

**Recruiting and Training**

Recruiting and training primarily occur at the local level for each of our operating units. We are planning to initiated a new management trainee program which focuses on promoting from within, as well as providing college graduates with 1-2 years "hands on" experience in all facets of respective segment. We believe, we are able to attract well qualified candidates, potential for growth and advancement, as well as its health, disability and life insurance, and retirement benefits.

**Seasonality**

In California the plumbing and mechanical contracting services industry is not sensitive by seasonal factors, which generally result in lower activity during winter months than in other periods. As a result, we expect that its revenue and profits will generally be the same of each fiscal year.

***We face intense competition***

The Company has many diverse competitors, which mostly consist of local and regional contractors. Here is the short list of our local competitors:

&nbsp;&nbsp;&nbsp;&nbsp;1. My Plumber

&nbsp;&nbsp;&nbsp;&nbsp;2. Black Mountain Plumbing

&nbsp;&nbsp;&nbsp;&nbsp;3. Core Plumbing

&nbsp;&nbsp;&nbsp;&nbsp;4. Bill Howe

&nbsp;&nbsp;&nbsp;&nbsp;5. Anderson plumbing Heating &Air

National competitors:

&nbsp;&nbsp;&nbsp;&nbsp;1. Atlas plumbing

&nbsp;&nbsp;&nbsp;&nbsp;2. Anytime Companies

&nbsp;&nbsp;&nbsp;&nbsp;3. Jack Ward Plumbing

The main areas of competition include price, quality of services, insurance and bonding capacity and customer service.

Due to our small size, it can be assumed that many of our competitors have significantly greater financial, technical, marketing and other competitive resources. These competitors already have a big supplies inventory, stable customer service department. Accordingly, these competitors may have already begun to establish brand-recognition with consumers. We will attempt to compete against these competitors by developing features that exceed the features offered by competitors. However, we cannot assure you that our services will outperform competing products or those competitors will not develop new products that exceed what we provide. In addition, we may face competition based on price. If our competitors lower the prices on their services, then it may not be possible for us to market our services at prices that are economically viable.

***The company's industry is highly competitive.***

The plumbing contracting service industry is highly fragmented and competitive. The industry is generally served by a large number of small, owner-operated private companies, and several large regional companies. We could also face competition in the future from other companies entering the market. We may also face competition from former employees who are familiar with the Company's current employees, customers, pricing structure and operational practices. Some of the Company's competitors offer a greater range of services. Some of its competitors may have lower overhead cost structures and may, therefore, be able to provide comparable services at lower rates. If we are unable to offer its services at competitive prices or if it has to reduce prices to remain competitive, the Company's profitability would be impaired.

***Open new subsidiary***

Working in the area for over 6 years, Almco Plumbing has the experience and skill to assist with all your plumbing problems. From drain cleaning to water heater installation. Our experts are trained in doing it all. Trust the name your friends and family go to when they need a plumbing job done right, call Almco Plumbing.

We are planning to open 5 (five) subsidiaries in California metropolitan areas: (Sacramento, San Francisco, Irvine, Los Angeles, Riverside). These areas have experienced significant new construction activity over the last years, and demographic trends indicate continued growth in these areas. Each branch will be included:

5 Technicians

1 Dispatcher

1 Sales person

<u>1 Branch manager</u> 

Total 8 workers

Also, each branch will have 5 cargo vans and one sedan for Sales person. Total 6 cars.

Salary:

We plan to pay to our workers as below:

Technician $20-$30 per hour depended of qualification or around $60,000 per year

Dispatcher $50,000

Sales person $60,000 + commissions

Branch manager $100,000

Total: for 8 workers - $510,000 per year.

During 2024 we have open one new branch in Los Angeles aria .

Address: **15922 Strathern St #9, Van Nuys, CA 91406**

***Advertising***

We are actively advertising our company on Google platform, Yelp, Instagram, Facebook, YouTube channel, our website (https://almcoplumbing.com/)

***New projects in similar industry***

As continue growing we are planning to expand our existing business and develop the new activities such as:

Heating and Air Conditioning, Water Chemistry & Filtration, Restoration and Flood Damaging Repair, Epoxy Pipe Lining Services, Caring of Swimming Pools, General Construction, Commercial - Business to Business needs. (B to B). We are San Diego's Leading Commercial Plumbing Experts. We understand the unique challenges businesses face regarding plumbing, and we're dedicated to delivering reliable and efficient solutions.

In commercial industry our Service Include:

Commercial Pipe Repairs and Replacements: Whether it's a minor repair or a complete pipe replacement, we handle it all with precision and care.

Drain Cleaning and Maintenance: Prevent clogs and backups that can disrupt your operations with our thorough drain cleaning and maintenance services.

Fixture Installation and Repair: From faucets to toilets and sinks, we install and repair commercial fixtures efficiently.

We believe the net proceeds from the sale of all the shares we are offering, assuming all the shares are sold (of which you have no assurance), will be sufficient to fund our operations for approximately 12-24 months, assuming application of the proceeds as outlined above and assuming we earn revenues. If we generate revenues in our new subsidiaries even in a beginning, revenues would extend the period over which the net proceeds from the sale of the shares will sustain our operations. See, "Risk Factors". Our Board of Directors reserves the right to reallocate the use of net proceeds, if, in our judgment, such reallocation will best serve our needs in meeting changes, developments and unforeseen delays and difficulties. Pending use, the net proceeds shall be invested in our growing business.

**Our property** 

We rent our business working facility include warehouse and truck parking lot at the address: 4838 Ronson ct.Unit D San Diego, CA 92111. Cost of rent we show at our financial statement. In the event we sell a sufficient number of shares of our common stock pursuant to this offering circular, we plan to buy general office space sufficient for our current needs and additional needs of additional personnel in the foreseeable future.

**Market Opportunity**

Industry Definition

Industry contractors install and maintain plumbing fixtures, fittings and equipment. Industry activities include work on household pipes and drains, installation of gas cooking and heating appliances and work on bathroom and toilet fixtures and venting systems. Emergency repair work (e.g. unclogging drains or repairing burst water mains) represents a significant source of industry revenue. Contractors may also supply plumbing appliances and coupling products for construction projects.

Industry Products and Services

&nbsp;&nbsp;&nbsp;&nbsp;• General plumbing services & Pipe Fitting

&nbsp;&nbsp;&nbsp;&nbsp;• Mechanical services

&nbsp;&nbsp;&nbsp;&nbsp;• Building sprinkler system installation

&nbsp;&nbsp;&nbsp;&nbsp;• Steam fitting and piping services

&nbsp;&nbsp;&nbsp;&nbsp;• Lawn sprinkler installation

Industry Activities

&nbsp;&nbsp;&nbsp;&nbsp;• Drain construction, cleaning or repairing

&nbsp;&nbsp;&nbsp;&nbsp;• Gas plumbing

&nbsp;&nbsp;&nbsp;&nbsp;• Gas appliance repair

&nbsp;&nbsp;&nbsp;&nbsp;• Hot water systems installation

&nbsp;&nbsp;&nbsp;&nbsp;• Repairing installed plumbing

&nbsp;&nbsp;&nbsp;&nbsp;• Septic tank installation

&nbsp;&nbsp;&nbsp;&nbsp;• Solar hot water systems installation

&nbsp;&nbsp;&nbsp;&nbsp;• Steamfitting and piping contracting services

&nbsp;&nbsp;&nbsp;&nbsp;• Interior and exterior sprinkler system installation

Base on **Plumbers Industry in the US** - Market Research Report, the Plumbers industry represents contractors that install and maintain plumbing fixtures, fittings and equipment. Demand for the installation of plumbing appliances and pipe-fitting services is dependent on growth in the US construction market, which is generally linked to broader economic health. Over the five years to 2022, new nonresidential construction declined due to establishment closures caused by the COVID-19 (coronavirus) pandemic, which stagnated operations in the commercial sector, the industry's primary market. However, this decline was offset by strong residential construction growth, the industry's secondary market, where accommodative lending rates bolstered growth in this sector. A few things will help cushion plumbers from this demand reduction. For one thing, demand for emergency plumbing services and plumbing repairs is not affected by reduced household income, even though it may be more demanding on your cash flow. Companies that are already focused on emergency service should do well. If you can adjust your business to capture more emergency business, that can help. The most popular emergency plumbing services are still the usual suspects: water heater repair, drain cleaning, sewer line repair, leak repair, and fixture repair of all types. In addition, household income has not declined across the board. Many homeowners are still employed and more likely to be spending time at home than ever. These people are more likely to invest in home improvements, including some plumbing. Bidets, tankless water heaters, touch-free fixtures, quality showerheads and other high-end plumbing options may become more popular options. According to Globe News Wire, the plumbing fittings and fixtures market is growing by 4.2% per year, perhaps even more, in the United States. Keeping up with this growing and changing market is wise to supply your customers with the products they demand. Plumbing Fittings and Fixtures market worldwide is projected to grow by US$32.6 Billion driven by a compounded growth of 5. 6%. Bathroom Fixtures & Fittings, one of the segments analyzed and sized in this study, displays the potential to grow at over 6. 5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Following the economic fallout related to the COVID-19 pandemic, demand for services provided by the Plumbers industry is expected to accelerate over the next five years. Resurgence in commercial construction activity due to the economy reopening after COVID 19 restrictions and subsequent decreased unemployment is expected to bolster demand for new installation services. However, downstream growth in the residential market will likely decelerate due to the gradual rise in mortgage rates. As the economy stabilizes and work in all sectors return to normal, the Federal Reserve will likely raise interest rates to maintain a substantiable level of economic growth. Nonetheless, steady investments into residential and nonresidential construction will contribute to the growth in this segment.

**ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations**

The following discussion and analysis should be read in conjunction with the balance sheet as of December 31, 2024 and the financial statements for the period ended December 31, 2023 included herein. The results shown herein are not necessarily indicative of the results to be expected for any future periods.

**Results of operations**

For the 12 months period from January 1, 2024 to December 31, 2024 we received revenue from our plumbing service $3,172,993. Total Cost of Sales $1,790,880 and Gross Profit 1,382,113. In this period our operating expenses composed: Total General Administrative Expenses $960,955, Sales and Marketing Expenses $255,413, with Net Income $97,885.

For the 12 months period from January 1, 2023 to December 31, 2023 we received revenue from our plumbing service $3,041,418. Total Cost of Sales $1,539,239 and Gross Profit 1,502,179. In this period our operating expenses composed: Total General Administrative Expenses $830,227, Sales and Marketing Expenses $332,088.

**Liquidity and Capital Resources**

The financial statements included in this form have been prepared assuming that the Company will continue as a going concern. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

Liquidity is difference between current assets and current liabilities – it reflects our ability to meet current obligations as they become due.

Our Total Current Assets as of December 31, 2024 were $492,408 and

Our Total fixed Assets as of December 31, 2024 were $430,184

Our Total Assets as of December 31, 2024 were $492,408

Our Total Liabilities as of December 31, 2024 were $233,717

Our Stockholder's Equity as of December 31, 2024 $668,645

Based of the above we are the company with liquidity in the positive range and development dynamics.

Capital resources is our ability to grow the business with the financial and other resources that we have on hand. During the most recent six months covered by this report, our office and service personnel, infrastructure, service fleet, parts and supplies on hand and other resources are adequate to service our current volume of work. In the event our volume of work continues to increase, as it has over during the most recent six months covered by this report, we would expect to increase our service personnel, service fleet, parts and supplies on hand as necessary to adequately service new customers.

Since our inception, the Company has financed its operations internally. The Company is dependent upon raising additional capital or seeking additional equity financing to fund for develop a new operating plan. Failure to obtain sufficient equity financing could adversely affect our ability to achieve its business objectives and develop by scaling the business. Further, you have no assurance as to the availability or terms upon which the required financing and capital might be available.

**In this coming year we are planning to do next activities :** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Scale for the epoxy pipe lining

We are working on the scaling for the epoxy pipe lining as it is one of the most popular methods for trenchless sewer and pipe replacement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Long term contracts with Hotels and Restaurants

The goal is to sign 10 contracts with Hotels and 10 contracts with Restaurants for long term cooperation for maintenance and repair

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Commercial construction divisions

Cooperation with Commercial construction divisions (new constructions that include subdivisions, apartment complexes)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Preventive maintenance Software for Hotels and Restaurants

Working on a contract agreement with IT Company that will be responsible of App development to preventive maintenance for Hotel Corporations and Restaurant branches.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Business Branch

Open new Business Almco Plumbing Branch in Los Angeles area.

To continue growing more extensive, we need more liquidity. We are offering shares of our common stock pursuant to this offering circular to increase of our liquidity.

**ITEM 3. Directors and Officers**

Information about our sole director and executive officer is set forth in the following table. The address of our directors and executive officers is our address. We do not have any other board of directors than our director and executive officer in this time.

<u>Name</u> <u>Age</u> <u>Position</u> <u>Director Beginning</u> <br> Vladyslav Khorenko 38 Director, CEO and CFO March 20, 2018 <br>

Our directors serve terms of one year and are generally elected at each annual stockholders meeting; provided, that you have no assurance we will hold a stockholders' meeting annually. Each director will remain in office until his successor is elected and qualified, or his/her earlier resignation. We do not have independent directors using the definition of independence contained in the NASDAQ listing rules. Our executive officers are elected by the board of directors and their terms of office are at the discretion of the board of directors, subject to terms and conditions of their respective employment agreements, if any. We have the authority under California law and our bylaws to indemnify our directors and officers against certain liabilities.

Management Biography. Mr. Khorenko is our founder, sole director, chief executive and chief financial officer. He has more than 6 years' experience in plumbing business. All the time he worked hard to get the license and build the plumbing business. Mr.Khorenko began providing plumbing services in San Diego himself, offering clients quality service. He solves problems with clogged pipes, leaks, breakdowns in plumbing, worn out water supply systems. He can fix plumbing in the kitchen, bathroom, toilet or pool. Now, he is the plumbing expert and company owner. Also, he shares plumbing experience on YouTube channel and has a lot of positive feedback.

In 2005 he graduated Kremenchug professional construction college in Ukraine.

The company has an audit committee, a majority of whose members are Independent Directors.

We have two Independent Directors Vladimir Dyomin and Halyna Ulitova. Independent Director means a person other than an executive officer or employee of a company or any other person having a relationship which, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out their responsibilities as a director.

We are planning to get listing on the OTCQB Stock Market, which requires independent directors.

OTCQB companies are subject to the definition of an Independent Director found in the OTCQB rules and standards. Evaluating the independence of our members and the composition of the committees of our board of directors, we will utilize the definition of "independence" as that term is defined by applicable listing standards of the Nasdaq and rules of SEC.

**How We Compensate our Director and Executive Officer** 

Information about the annual 2024 and 2023 compensation we paid to our CEO/CFO Vladyslav Khorenko .

---

| | | | |
|:---|:---|:---|:---|
| Name/Position(s) | Cash compensation | Other compensation | Total compensation |
| Vladyslav Khorenko) For 2024 |  |  |  |
| CEO and CFO | $103143 | $— | $103143 |
| Vladyslav Khorenko) For 2023 |  |  |  |
| CEO and CFO | $83017 | $— | $83017 |

---

**Summary Compensation** 

As of December 31, 2024, and December 31, 2023 we had no health, hospitalization, or medical reimbursement or relocation plans in effect. Further, we had no pension plans or plans or agreements which provide compensation on the event of termination of employment or corporate change in control. We have no long-term equity incentive plans.

**Employment Contracts**

We do not have employment contracts with our executive officers. We may consider entering into employment agreements in the future.

**ITEM 4. Security Ownership of Management and Certain Security Holders** 

Our principal stockholders are set forth in the following table. These principal stockholders include:

&nbsp;&nbsp;&nbsp;&nbsp;• each of our directors and executive officers,

&nbsp;&nbsp;&nbsp;&nbsp;• our directors and executive officers as a group, and

&nbsp;&nbsp;&nbsp;&nbsp;• others who we know own more than five percent of our issued and outstanding equity securities.

We believe each of these persons has sole voting and investment power over the shares they own, unless otherwise noted. The address of our directors and executive officers is our address.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Number of Shares | Number of Shares | Percentage | Percentage |
|  | Before Offering | After Offering | Before Offering | After Offering |
| Vladyslav Khorenko, Director and officer | 28780295 | 28780295 | 89.938% | 89.938% |
| Genova, LLC |  |  |  |  |
| 1619 Costal Highway, Lewes, DE 19958 | 3000000 | 3000000 | 9.375% | 9.375% |

---

**ITEM 5. Interest of Management and Others in Certain Transactions**

This items required us describe any transactions or any currently proposed transactions during current fiscal year, to which the issuer or any of its subsidiaries was or is to be a participant and the amount involved exceeds of $120,000 and one percent of the average of the issuer's total assets at year end for the last two completed fiscal years and in which any of the following persons had or is to have a direct or indirect material interest, naming the person and stating his or her relationship to the issuer, the nature of the person's interest in the transaction and, where practicable, the amount of such interest:

(1) Any director or executive officer of the issuer: no transactions

(2) Any nominee for election as a director: no transactions

(3) Any securityholder named in answer to Item 12(a)(2): no transactions

(4) If the issuer was incorporated or organized within the past three years, any promoter of the issuer:no transactions

**ITEM 6. Other Information**

**Reports**

As a Tier 2, Regulation form A filer, we are required to file ongoing reports, including an annual report on form 1-K, and a semi-annual Report on form 1-SA. We have filed an offering statement on Form 1-A under the Securities Act with the U.S. Securities and Exchange Commission March 24, 2023. This offering circular does not include all of the information contained in the offering statement. You should refer to the offering statement and our exhibits for additional information. Whenever we make reference in this offering circular to any of our contracts, agreements or other documents, the references are not necessarily complete and you should refer to the exhibits attached to the offering statement for copies of the actual contract, agreement or other document. When we complete this offering, we will also be required to file certain reports and other information with the SEC for a period of time and may continue to voluntarily file such reports.

You can read our SEC filings, including the offering statement of which this offering circular is a part, and exhibits, over the Internet at the SEC's website at www.sec.gov. You may also read and copy any document we file with the SEC at our Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. You may also obtain copies of the documents at prescribed rates by writing to the Public Reference Room of the SEC at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the operation of the Public Reference Room.

**ITEM 7. Financial Statements**

Almco Plumbing, Inc.

Consolidated Financial Statements

For the Years Ended December 31, 2024 and 2023

---

| | |
|:---|:---|
| Report of Independent Registered Public Accountant | 16 |
| Audited Financial Statements |  |
| &nbsp;&nbsp;&nbsp;Consolidated Balance Sheets | 17 |
| &nbsp;&nbsp;&nbsp;Consolidated Statements of Operations | 18 |
| &nbsp;&nbsp;&nbsp;Consolidated Statements of Stockholders' Equity | 19 |
| &nbsp;&nbsp;&nbsp;Consolidated Statements of Cash Flows | 20 |
| &nbsp;&nbsp;&nbsp;Notes to Financial Statements | 21-24 |

---

![HNO International](image_001.jpg)

**M N VIJAYKUMAR**

***Chartered Accountant***

**INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S REPORT**

To

Board of Directors and Shareholders of Almco Plumbing Inc

4838 Ronson Ct, Unit D San Diego, CA 92111

**Opinion on the Financial Statements**

We have audited the accompanying balance sheet of Almco Plumbing Inc (the "Company") as of December 31, 2024, and the related statements of income, comprehensive income, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements").

In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**Other Matters**

We were not engaged to audit, review, or apply any procedures to the financial statements for the year ended December 31, 2023 and, accordingly, we do not express an opinion or any other form of assurance on those financial statements.

We were not engaged to audit the Company's internal control over financial reporting as of December 31, 2024; accordingly, we do not express an opinion thereon.

**Critical Audit Matters**

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgement.

We determined that there are no critical audit matters to communicate.

![HNO International](image_002.jpg)

M N Vijay Kumar

Bengaluru, India

26th June 2025

**ALMCO PLUMBING INC.**

**BALANCE SHEET (AUDITED)**

**DECEMBER 31, 2024 AND DECEMBER 31, 2023**

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2024** | **December 31,**<br>**2023** |
| **ASSETS** |  |  |
| **Current Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash & Cash equivalents | $255448 | $232419 |
| &nbsp;&nbsp;&nbsp;Accounts Receivable | 176239 | 508359 |
| &nbsp;&nbsp;&nbsp;Other Current Assets | 60720 | 20124 |
| **Total Current Assets** | **492408** | **760903** |
| **Fixed Assets** |  |  |
| &nbsp;&nbsp;&nbsp;Intangible Fixed Assets | 1879 | 1879 |
| &nbsp;&nbsp;&nbsp;Tangible Fixed Assets | 869151 | 537108 |
| &nbsp;&nbsp;&nbsp;Accumulated Depreciation | (440816) | (379024 |
| **Total Fixed Assets** | **430184** | **159963** |
| **TOTAL ASSETS** | $**922592** | $**920866** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **Current Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts Payable | $(214) | $(214) |
| &nbsp;&nbsp;&nbsp;Credit Cards | (18356) | 124753 |
| &nbsp;&nbsp;&nbsp;Other Current Liabilities | 73274 | 38210 |
| **Total Current Liabilities** | **54704** | **162749** |
| **Long-Term Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Loans for vehicles | 179013 | 167126 |
| &nbsp;&nbsp;&nbsp;Total Long-Term Liabilities | **179013** | **167126** |
| **Total Liabilities** | **233717** | **329875** |
| **STOCKHOLDERS' EQUITY** | **688875** | **590990** |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $**922592** | $**920866** |

---

**ALMCO PLUMBING INC.**

**STATEMENTS OF OPERATIONS (AUDITED)**

**FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023**

---

| | | |
|:---|:---|:---|
|  | **Year ended December 31,** | **Year ended December 31,** |
|  | **2024** | **2023** |
| **Revenues** |  |  |
| &nbsp;&nbsp;&nbsp;Gross Revenues | $3172993 | $3041418 |
| **Cost of Sales** |  |  |
| &nbsp;&nbsp;&nbsp;Field tech Salaries | 797882 | 339915 |
| &nbsp;&nbsp;&nbsp;Field tech salary taxes | 65599 | 30544 |
| &nbsp;&nbsp;&nbsp;Vehicle expenses | 91740 | 99157 |
| &nbsp;&nbsp;&nbsp;Other Cost of Sales | 835659 | 1069623 |
| Total Cost of Sales | 1790880 | 1539239 |
| **Gross Profit** | **1382113** | **1502179** |
| **Operational Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;**General Administrative Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salaries and Wages | 311897 | 250823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salary Taxes | 30924 | 24341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other General Administrative expenses | 618134 | 555062 |
| &nbsp;&nbsp;&nbsp;**Total General Administrative Expenses** | **960955** | **830227** |
| Sales and Marketing Expenses | 255413 | 332088 |
| **Total Operational Expenses** | **1216368** | **1162314** |
| Net Operating Income | **165745** | **339864** |
| **Other Income & Expenses** |  |  |
| &nbsp;&nbsp;&nbsp;Other Income | 7399 | 23780 |
| &nbsp;&nbsp;&nbsp;Other Expenses | 75259 | 297737 |
| Net Other Income | **(67860)** | **(273957)** |
| Net Income | $**97885** | $**65908** |

---

**ALMCO PLUMBING INC.**

**STATEMENTS OF STOCKHOLDERS' EQUITY (AUDITED)**

**FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | **Investments** | **Accumulated<br> Gain/Deficit** | **Total Stockholders' Equity** |
|  | **Shares** | **Par Value** |<br>**APIC** | | | |
| **Balance, March 20, 2018 (Inception)** |  |  |  | $**10286** | $**(14241)** | $**(3955)** |
| Net Profit |  |  |  |  | 43412 | 43412 |
| Owner's expenses |  |  |  |  | (4021) | (4021) |
| **Balance, December 31, 2021** | **0** | $**0** | $**0** | $**10286** | $**25149** | $**35436** |
| Opening balance equity transferred to loan |  |  |  |  |  |  |
| Common Shares Issued: |  |  |  |  |  |  |
| Purchased by non-affiliate investors | 3000000 | 0.001 | $3000 |  |  | 3000 |
| Purchased by officer Vladyslav Khorenko | 32000000 | 0.001 | $32000 |  |  | 32000 |
| Owner's expenses |  |  |  |  | (483) | (483) |
| Net profit |  |  |  |  | 235424 | 235424 |
| **Balance, December 31, 2022** | **35000000** | $**0.001** | $**35000** | $**10286** | $**260091** | $**305377** |
| Purchased by non-affiliate investors | 219705 | 220 | $219485 |  |  | 219705 |
| Net profit |  |  |  |  | 65908 | 65908 |
| **Balance, December 31, 2023** | **35219705** | $**220** | $**254485** | $**10286** | $**325999** | $**590990** |
| Shares cancellation Previously Purchased Vladyslav Khorenko by officer | 3219705 |  |  |  |  |  |
| Net profit |  |  |  |  | 97885 | 97885 |
| **Balance, December 31, 2024** | **32000000** | $**220** | $**254485** | $**10286** | $**423884** | $**688875** |

---

**ALMCO PLUMBING INC.**

**STATEMENT OF CASH FLOWS (AUDITED)**

**FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023**

---

| | | |
|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2024** | **2023** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income | $97885 | $65908 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Receivable | 352350 | (402858) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated Depreciation | 61792 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Assets |  | (231) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable (A/P) |  | 119670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Cards | (143108) | 283419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment Loan | (10472) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mercedes - B Sprinter(2019) M2K46 - 2024 | 32385 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plumbing UA | (6800) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayments and Other Current Liabilities | 1516 | (6700) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Equip Finance | 18435 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Adjustments to reconcile Net Income to Net Cash provided by operations: | 306098 | (6699) |
| **Net cash provided by operating activities** | **403983** | **59208** |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible Fixed Assets | (332013) | (144188) |
| **Net cash provided by investing activities** | **(332013)** | **(144188)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans for vehicles | 11886 | 27997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Opening Balance Equity |  | 219740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Owner's Pay & Personal Expenses | (2730) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained Earnings | (17500) |  |
| **Net cash provided by financing activities** | **(8344)** | **247737** |
| **Net cash increase for period** | **63626** | **162757** |
| Cash at beginning of period | $248044 | $85287 |
| Cash at end of period | $311669 | $248044 |

---

ALMCO PLUMBING, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2024

FOR THE YEAR ENDED DECEMBER 31, 2023

(audited)

**NOTE 1 — Description of Business**

We are an emerging growth company, a profitable California corporation founded in 2018. It is engaged in the plumbing business in California.

Plumbing services is our main activity service, which represent mostly of revenue, are primarily the installation of systems that convey domestic water throughout a building, systems that transport sanitary waste out of a building to a sewer connection, and systems that supply natural gas to various equipment or appliances such as heaters, boilers, ovens and stoves. A domestic water system typically includes separate piping for hot and cold water, as well as a number of fixtures such as sinks, bathtubs and showers. Plumbing contracting projects begin with project design and engineering in which the location, configuration and specifications for the plumbing systems to be installed are determined. Whether the design is provided by the customer, or produced by the Company, the type, size and design of piping, fittings, valves, fixtures and other equipment is typically entered into our computer systems which handle estimation, materials ordering and job scheduling functions. Substantially all of the equipment and component parts the Company installs are purchased from third-party wholesale suppliers or directly from the manufacturers and resold to the customer as part of the contracted installation. Orders and deliveries are coordinated to match the project schedule. Whenever possible, a significant portion of the plumbing and piping assembly is prefabricated at the Company's facilities in order to reduce on-site installation time, increase quality control and reduce material costs and service time.

In addition to developing a traditional plumbing business, we also provide Epoxy Pipe Lining Services in San Diego. At Almco Plumbing, we take pride in being the leading experts in epoxy sewer pipe lining in the San Diego area. With years of experience, the latest technology, and a dedicated team, we ensure a seamless, effective, and long-lasting solution for your pipes. Moreover, we're conscious of our environmental footprint. Our epoxy lining solution is not just practical but also environmentally friendly. It significantly reduces waste and minimizes the environmental impact, making it a greener alternative to traditional methods.

Why choose epoxy pipe lining?

* Trenchless Technology: No digging means less mess and disruption
to your property.

* Cost-Effective: Often cheaper than traditional pipe replacement.

* Durability: Epoxy lining can extend the life of your pipes by decades.

* Quick and Efficient: Most jobs can be completed daily.

Being based in San Diego, we're not just a service provider; we're a part of the community. This local presence gives us a unique understanding of the plumbing needs of our fellow residents. Our commitment to the community is further showcased through our transparent pricing policy. With Almco Plumbing, you won't have to worry about hidden fees. We pride ourselves on providing precise estimates that we stand by ensuring our customers always know what to expect. Our relationship with our clients is of paramount importance. From the moment you reach out to us to the completion of the project, delivering outstanding customer service is our top priority. We aim to ensure your experience is smooth, efficient, and satisfactory. Conquering this niche, also we offer for clients Spray epoxy lining service . It is a trenchless sewer line repair method of fixing deteriorated sewage pipes by inserting brand-new liners within the old ones. When the epoxy liner cures, it forms a new pipe inside the existing one. This effective trenchless sewer repair method is sometimes called CIPP relining or "Cured in Place Piping." This trenchless technique for fixing sewage lines has been widely employed in Europe and North America for over three decades. Unlike traditional sewer repairs, trenchless sewer repair using epoxy lining does not include digging up your yard or breaking up your flooring.

We have growing operating revenues. Recorded revenues were generated from customers' payments. We generate revenue from single family residential, multifamily residential and commercial customers respectively. These operating segments offer similar products and services with differing complexities to distinct customer groups.

The single-family residential market includes housing projects, small condominium projects, and town house development. The multifamily residential market includes apartment projects and condominiums. For family and multifamily residential customers, we provide plumbing, maintenance and repair services.

Our commercial segment is focused on obtaining plumbing and mechanical contracts with higher margins.

We provide plumbing, mechanical contracting services, maintenance and repair to commercial customers. The commercial market includes retail establishments, office buildings, hotels, manufacturing plants and other industrial complexes.

**NOTE 2 — Significant Accounting Policies and Recent Accounting Pronouncements**

**Basis of Presentation**

The Company follows United States GAAP (Generally Accepted Accounting Principles) for presentation of financial statements and disclosures. The Balance sheet, Statement of Operations, Statement stockholders' Equity, Statement of Cash Flow are reported representing our activities operations for the 2023 and 2024. The Financial Statements and related disclosures as of December 31, 2024 and December 31, 2023 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (`SEC"). The Company has adopted December 31 fiscal year end.

**Use of Estimates and Assumptions**

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 revenues and expenses during the period. Actual results could differ from those estimates. These estimates and assumptions are used in, but not limited to, certain receivables and accounts payable and the provision for uncertain liabilities.

**Revenue Recognition**

The Company follows ASC 606 2014-09 Revenue from Contracts with Customers. This involves identifying the contract with the customer, identify separate performance obligations, determine the transaction price, allocate the transaction price to the separate performance obligations, and then recognize revenue when (or as) performance obligations are satisfied. The Company considered recognizes its revenue on the accrual basis, which considers revenue to be earned when the services have been performed. We considered gross revenue as a principal. Our revenue includes payments from the costumers for the plumbing business.

**Inventories** – Inventories are measured at the lower of cost and net realizable value. The cost of inventory is based on the weighted average principle for finished goods and on the standard cost principle for raw materials and work-in-progress for inventories that are manufactured. Cost includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. In the case of manufactured inventories and work in progress, cost includes an appropriate share of production overheads based on normal operating capacity. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and selling expenses.

**Cash and Cash Equivalents** - All highly liquid investments with original maturities of nine months or less are classified as cash and cash equivalents. The fair value of cash and cash equivalents approximates the amounts shown on the financial statements.

**Fair Value of Financial Instruments**

ASC 825, 'Disclosures about Fair Value of Financial Instruments, requires disclosure of fair value information about financial instruments. ASC 820, "Fair Value Measurements" defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2024 and December 31, 2023.

**Income Taxes** - The Company is subject to income taxes in the United States. Income tax expense (benefit) is provided for using the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, Income Taxes. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets wit not be realized.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10 provides guidance on recognition and measuring tax positions taken or expected to be taken in a tax return that directly or indirectly affect amounts reported in financial statements.

**<u>Basic and Diluted Loss Per Share</u>**

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes al potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.

**Recently Adopted Accounting Standards** - The Company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, include those not yet effective, is not anticipated to have a material effect on the financial position or results of operation of the Company.

**NOTE 3 — Property and Equipment**

**Fixed Assets**

---

| | |
|:---|:---|
|  | December 31, 2024 |
| **Total Fixed Assets** | $**430184** |

---

---

| | |
|:---|:---|
|  | December 31, 2023 |
| **Total Fixed Assets** | $**159963** |

---

**NOTE 4 — Concentrations**

We have a lot of customers from whom we received the income and we are able to diversify in order to mitigate the risks.

**NOTE 5 — Concentration of Credit Risk**

The Company maintains cash balances at a Bank of America financial institution. The balance, at any given time, may exceed Federal Deposit Insurance Corporation FDIC insurance limits of $250,000 per institution. The Company's cash balances at December 31, 2024 were within FDIC insured limits.

**NOTE 6 — Debt**

Vladyslav Khorenko is our CEO. From time to time, he loaned the Company funds for the operational costs. In 2024 and 2023 he wasn't loaned any amount.

**NOTE 7— Shareholders Equity** 

November 1st, 2022, the Company issue resolution about authorized to issue to 75,000,000 of common shares.

From a beginning to period ended December 31, 2024 company sold 3,219,705 common shares to 59 non affiliate shareholders.

As of December 31, 2024, the company authorized to issue 32,000,000 of common shares. The Company has no stock-based compensation plans for employees and non-employee members of the Board of Directors.

At December 31, 2024, the total number of shares of all classes of stock, which the Company shall have authority to issue is 50,000,000 of them 32,000,000 or 64% issued and outstanding . This stock consisting of 28,780,295 common shares or 89.938 % issued to our CEO Vladyslav Khorenko, 3,219,705 common shares or 10.062 % issued to 59 non affiliate shareholders. 18,000,000 or 36% we going to sell to the public.

**NOTE 8 — Commitments and Contingencies** 

The Company has no commitments or contingencies.

**NOTE 9 — Contractual Arrangements** 

The Company has no long terms ongoing contractual arrangements with our customers.

**NOTE 10 — Subsequent Events and climate-related events impacts to financial statement**

The rule would require company to disclose, in a footnote to the financial statements, the financial statement impacts of (i) climate-related events, including severe weather events and other natural conditions such as flooding, drought, wildfires, extreme temperatures, and sea level rise, and (ii) transition activities, including efforts to reduce GHG emissions or otherwise mitigate exposure to transition risks.

The Company's management reviewed all material events through December 31, 2024 the date our fiscal year ended. By this date we have the assets that directly and indirectly influenced on environmental. We indicated risks, include climate related risks in Risk Factors portion.

**ITEM 8—EXHIBITS**

**Index to Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description**<br>|
| 23.1 | Consent of audit firm (filed hereto) |

---

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe the information contained within this Form 1-K/A is true and correct to the best of its knowledge and belief, and has duly signed this Form 1-K/A in in the City of San Diego, State of California, on June 26, 2025

Almco Plumbing, Inc.

---

| |
|:---|
| By: /s/ Vladyslav Khorenko |
| Vladyslav Khorenko, CEO, CFO |

---

This offering statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| Name | Position |
| /s/ Vladyslav Khorenko |  |
| Vladyslav Khorenko CEO<br>Date: June 26, 2025<br>Name<br>-____________________________________________________<br> /s/ Vladyslav Khorenko<br> Vladyslav Khorenko CFO<br>Date: June 26, 2025<br>| Director, Chief Executive Officer<br>Position<br> Director, Chief Fanancial Officer<br>|

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## Form 1-K Filing Summary

### Filer Information

**Issuer CIK:** 0001956237

**Issuer CCC:** XXXXXXXX

**Is filer a shell company?:** No

**Is this filing by a successor company?:** No

### Submission Contact Information

**Is this a LIVE or TEST Filing?:** LIVE

**Period:** 12-31-2024

### Item 1: Issuer Information (Tab 1 Notification)

**Type of Report:** Annual Report

**Fiscal Year End:** 12-31-2024

**Exact Name of Issuer:** Almco Plumbing Inc

**CIK:** 0001956237

**Jurisdiction of Incorporation:** CA

**IRS Number:** 36-4915179

**Address:** 5663 BALBOA AVE, SAN DIEGO, CA 92111

**Issuer Phone Number:** 858-209-7214

**Title of each class of securities issued pursuant to Regulation A:** Common Shares

### Item 2: Ongoing Reporting Requirements

**Is the issuer relying on the relief provided by Rule 257(d) for this filing?** No