# EDGAR Filing Document

**Accession Number:** 0002071489
**File Stem:** 0001493152-26-030051
**Filing Date:** 2026-6
**Character Count:** 98333
**Document Hash:** 416626d49890c2ddbef0ee901d5b6b15
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-030051.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001493152-26-030051

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 63

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yellowstone Group Ltd.
- **CENTRAL INDEX KEY:** 0002071489
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 993878528
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-288068
- **FILM NUMBER:** 261117968

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 48 JANICE STREET, SEVEN HILLS
- **CITY:** SYDNEY
- **NON US STATE TERRITORY:** NEW SOUTH WALES
- **PROVINCE COUNTRY:** C3
- **ZIP:** NSW 2147
- **BUSINESS PHONE:** 61 450315883

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 48 JANICE STREET, SEVEN HILLS
- **CITY:** SYDNEY
- **NON US STATE TERRITORY:** NEW SOUTH WALES
- **PROVINCE COUNTRY:** C3
- **ZIP:** NSW 2147

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

☒ **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For The Fiscal Year Ended March 31, 2026**

**or**

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from __________ to __________**

**Commission File Number 333-259112**

**YELLOWSTONE GROUP LTD**

(Exact name of registrant issuer as specified in its charter)

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| | |
|:---|:---|
| **Nevada** | **99-3878528** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

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| |
|:---|
| **48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia** |
| Address of principal executive offices, including zip code |

---

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| |
|:---|
| **<u>(+61) 450315883</u>** |
| Registrant's phone number, including area code |

---

Securities registered pursuant to Section 12(b) of the Securities Exchange Act: **None**

Securities registered pursuant to Section 12(g) of the Securities Exchange Act: **None**

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES ☒ NO ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

YES ☒ NO ☐

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

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Yes ☐ No ☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

Not applicable.

**APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS**

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

**N/A**

**APPLICABLE ONLY TO CORPORATE REGISTRANTS**

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.

---

| | |
|:---|:---|
| **Class** | **Outstanding at March 31, 2026** |
| Common Stock, $0.0001 par value | 22400000 |

---

**DOCUMENTS INCORPORATED BY REFERENCE**

No documents are incorporated by reference.

**YELLOWSTONE GROUP LTD**

**FORM 10-K**

**For the Fiscal Year Ended March 31, 2026**

**Index**

---

| | | |
|:---|:---|:---|
|  |  | **Page #** |
| [PART I](#sa_001) |  |  |
| Item 1. | [Business](#sa_002) | 4-8 |
| Item 1A. | [Risk Factors](#sa_003) | 9 |
| Item 1B. | [Unresolved Staff Comments](#sa_004) | 9 |
| Item 1C. | [Cybersecurity](#sa_005) | 9 |
| Item 2. | [Description of property](#sa_005) | 9 |
| Item 3. | [Legal Proceedings](#sa_007) | 10 |
| Item 4. | [Mine Safety Disclosures](#sa_008) | 10 |
| PART II |  |  |
| Item 5. | [Market for Common Equity and Related Stockholder Matters](#sa_009) | 11 |
| Item 6. | [Selected Financial Data](#sa_010) | 12 |
| Item 7. | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#sa_011) | 12 |
| Item 7A. | [Quantitative and Qualitative Disclosures About Market Risk](#sa_012) | 15 |
| Item 8. | [Financial Statements and Supplementary Data](#sa_013) | 15 |
| Item 9. | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#sa_014) | 15 |
| Item 9A. | [Controls and Procedures](#sa_015) | 15 |
| Item 9B. | [Other Information](#sa_016) | 17 |
| [PART III](#sa_017) |  |  |
| Item 10. | [Directors, Executive Officers and Corporate Governance](#sa_018) | 18 |
| Item 11. | [Executive Compensation](#sa_019) | 20 |
| Item 12. | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#sh_001) | 21 |
| Item 13. | [Certain Relationships and Related Transaction, Director Independence](#sh_002) | 21 |
| Item 14. | [Principal Accounting Fees and Services](#sh_003) | 22 |
| [PART IV](#sh_004) |  |  |
| Item 15. | [Exhibits and Financial Statement Schedules](#sh_005) | 23 |
| Item 16. | [Form 10-K Summary](#vi_001) | 24 |
| [SIGNATURES](#vi_002) | [SIGNATURES](#vi_002) | 25 |

---

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

*This Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantee of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following:*

*●* *The availability and adequacy of our cash flow to meet our requirements;* 

*●* *Economic, competitive, demographic, business and other conditions in our local and regional markets;* 

*●* *Changes or developments in laws, regulations or taxes in our industry;* 

*●* *Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities;* 

*●* *Competition in our industry;* 

*●* *The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business;* 

*●* *Changes in our business strategy, capital improvements or development plans;* 

*●* *The availability of additional capital to support capital improvements and development; and* 

*●* *Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC.* 

*This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.*

**Use of Defined Terms**

Except as otherwise indicated by the context, references in this Report to:

● The "Company," "we," "us," "our," or "Birdie Win" are references to Yellowstone Group Ltd, a Nevada corporation.

● "Common Stock" refers to the common stock, par value $0.0001, of the Company;

● "U.S. dollar," "$" and "US$" refer to the legal currency of the United States;

● "Securities Act" refers to the Securities Act of 1933, as amended; and

● "Exchange Act" refers to the Securities Exchange Act of 1934, as amended.

**PART I**

**ITEM 1. BUSINESS**

**The Company**

Yellowstone Group Ltd, a Nevada corporation ("the Company") was incorporated under the laws of the State of Nevada on July 08, 2024.

On July 08, 2024, Ms. Jianing Yang was appointed as President, Secretary, Treasurer, Chief Executive Officer, and Director.

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

Yellowstone Group Ltd offers financial consulting services to small Australian and New Zealand companies with limited resources and annual turnover of less than $1 million USD, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

On September 30, 2025, the Company resolved to close the public offering pursuant to Form S-1, resulting in 2,400,000 shares of common stock being sold at $0.015 per share for a total of $36,000. The proceed of $36,000 went directly to the Company and shall be utilized pursuant to the use of proceed stated in the Form S-1.

**Description of Business**

Yellowstone Group Ltd is headquartered in Sydney, Australia. We provide financial consulting services to small Australian and New Zealand companies with limited resource.

Yellowstone Group Ltd operates on a service-based business model designed to meet the financial reporting needs of small companies with limited resources and annual turnover of less than $1 million USD. The Company primarily serves Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets, offering specialized financial consulting services under annual service agreements.

Under these agreements, Yellowstone Group Ltd provides the following services:

&nbsp;&nbsp;&nbsp;&nbsp;1. Three
 Quarterly Financial Statements and Reports:

Each quarter, the Company prepares detailed financial statements and reports that accurately reflect its clients' financial performance and position. These reports are crafted to meet the stringent requirements of the U.S. Securities and Exchange Commission (SEC) and the U.S. OTC markets, ensuring full regulatory compliance and transparency for investors.

&nbsp;&nbsp;&nbsp;&nbsp;2. One
 Annual Financial Statement and Report:

At the close of each fiscal year, Yellowstone Group Ltd delivers a comprehensive annual report, including financial statements and required disclosures such as Management's Discussion and Analysis. This report is fully compliant with SEC regulations and the requirements of the U.S. OTC markets, and it provides a complete overview of the company's financial performance for the year.

To date, we have entered into an annual service agreement with one of our three clients. With our other client, we have entered into separate one-off service agreements on a quarterly basis rather than a single annual agreement. These quarterly agreements define the scope of services to be performed and the fees payable for each period.

We do not provide audited financial statements or audit reports. Our services are limited to the preparation of unaudited management accounts to assist our clients with their periodic reporting needs. Independent, PCAOB-registered accounting firms engaged by our clients are responsible for auditing these financial statements and issuing any audit opinions required for SEC filings.

This business model is designed to address the unique challenges faced by small companies with limited resources. By partnering with Yellowstone Group Ltd, clients gain access to expert support in navigating the complexities of SEC compliance and financial reporting, allowing them to focus on their core operations while ensuring adherence to regulatory standards.

For Yellowstone Group Ltd, this approach ensures predictable revenue streams through recurring annual service agreements and fosters strong, long-term client relationships. By specializing exclusively in the preparation of annual and quarterly financial statements and reports for small companies, the Company has established itself as a trusted partner for businesses aiming to succeed in the competitive U.S. OTC markets.

**<u>Pricing</u>**

Yellowstone Group Ltd provides its financial consulting services through an annual service agreement that includes the preparation of financial statements and reports. The pricing structure is as follows:

● Quarterly Financial Statements and Reports:

$5,000 USD per report.

Three reports per year, totaling $15,000 USD.

● Annual Financial Statement and Report:

$7,000 USD per report.

● Total Cost:

Combined, the total cost for the annual service agreement is $22,000 USD per client.

This straightforward pricing plan ensures clients receive comprehensive, high-quality financial reporting services that align with the stringent regulatory standards of the U.S. OTC markets.

**<u>Marketing</u>**

Yellowstone Group Ltd recognizes that word-of-mouth is a particularly effective marketing tool in the financial consulting industry. The Company is committed to maintaining and enhancing client satisfaction to strengthen its referral network and drive organic growth through positive client experiences.

The Company also intends to increase its marketing efforts by leveraging the personal networks and industry association channels of its President. While specific channels have not yet been fully identified, the President plays a key role in expanding the Company's reach by utilizing professional connections, social networks, and referrals from existing clients.

Additionally, we plan to bolster our professional reputation and image by showcasing our knowledge and industry expertise through marketing campaigns across various media platforms, including our website at www.yellowstones.net. We also intend to launch a social media campaign utilizing Blogs, Twitter, Facebook, and LinkedIn. A targeted campaign will focus on small companies with limited resources and annual turnover of less than $1 million USD. At this point in time, we cannot state with certainty when we will commence the aforementioned marketing activities.

**<u>Industry Competition</u>**

The financial consulting industry is highly competitive, with firms ranging from large, multinational organizations to smaller, specialized consulting companies. Within this industry, competition is driven by factors such as pricing, expertise, service quality, client relationships, and the ability to navigate complex regulatory environments.

Yellowstone Group Ltd operates within a niche segment of the financial consulting industry, focusing exclusively on small Australian and New Zealand companies with limited resources and an annual turnover of less than $1 million USD that are listed or seeking to list on the U.S. OTC markets. This specialization allows the Company to differentiate itself by offering tailored services, including the preparation of annual and quarterly financial statements and reports, which are specifically designed to meet the stringent regulatory requirements of the U.S. Securities and Exchange Commission (SEC) and the U.S. OTC markets.

The Company faces competition from various sources, including:

● **Large Multinational Consulting Firms:** These firms offer a broad range of financial consulting services and often cater to a wide client base, including larger companies. While they may possess extensive resources and brand recognition, their services may not be as cost-effective or specialized for small businesses.

● **Regional and Boutique Consulting Firms:** Smaller firms operating in Australia and New Zealand may compete directly with Yellowstone Group Ltd by offering similar financial consulting services. These firms often rely on personalized client relationships and local market knowledge to attract business.

● **In-House Teams:** Some small companies may choose to handle financial reporting internally, often relying on existing staff or hiring specialized personnel. However, this approach may not be cost-effective or efficient for companies that lack sufficient resources or expertise in complying with SEC regulations and U.S. OTC market requirements.

Despite the competitive landscape, Yellowstone Group Ltd leverages its deep understanding of the unique needs of small businesses, its expertise in U.S. OTC market compliance, and its commitment to high-quality service to maintain a competitive edge. By focusing on its niche and delivering exceptional value to its clients, the Company is well-positioned to compete effectively in this specialized segment of the financial consulting industry.

**<u>Employees</u>**

As of March 31, 2026, we have two employees including our CEO and sole director, Ms. Jianing Yang. Currently, Ms. Yang has the flexibility to work on our business up to 20 hours per week, but is prepared to devote more time if necessary. The Company continues to operate as described in the S-1/A, delivering financial consulting services, and will hire the third employee if revenues and resources increase in 2026. This ensures prudent capital use while maintaining active operations and pursuing growth.

**Government Regulations**

Yellowstone Group Ltd solely provides financial consulting services and does not engage in the distribution of financial products, such as insurance or investment products. To the best of our knowledge, we are not required to obtain any specific licenses beyond standard business registration licenses in the jurisdictions where we intend to operate.

We are committed to complying with all applicable laws and regulations in the regions where we conduct business. Should regulatory requirements change or new licensing obligations arise in the future, Yellowstone Group Ltd will take the necessary steps to ensure full compliance.

**ITEM 1A. RISK FACTORS**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 1B. UNRESOLVED STAFF COMMENTS**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 1C. CYBERSECURITY**

**Risk management and strategy**

We recognize the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard our information systems and protect the confidentiality, integrity, and availability of our data.

***Managing Material Risks & Integrated Overall Risk Management***

We have strategically integrated cybersecurity risk management into our broader risk management framework to promote a company-wide culture of cybersecurity risk management. This integration ensures that cybersecurity considerations are an integral part of our decision-making processes at every level. Our management team continuously evaluates and addresses cybersecurity risks in alignment with our business objectives and operational needs.

***Oversee Third-Party Risk***

Because we are aware of the risks associated with third-party service providers, we have implemented stringent processes to oversee and manage these risks. We conduct thorough security assessments of all third-party providers before engagement and maintain ongoing monitoring to ensure compliance with our cybersecurity standards. The monitoring includes annual assessments of the system and organization controls (SOC) reports of our providers and implementing complementary controls. This approach is designed to mitigate risks related to data breaches or other security incidents originating from third parties.

***Risks from Cybersecurity Threats***

We have not encountered cybersecurity challenges that have materially impaired our operations or financial standing during the financial year ended March 31, 2026. We will continue to monitor and assess our cybersecurity risk management program as well as invest in and seek to improve such systems and processes as appropriate. If we were to experience a material cybersecurity incident in the future, such an incident may have a material effect, including on our operations, business strategy, operating results, or financial condition. For more information regarding cybersecurity risks that we face and potential impacts on our business related thereto, see the section titled "*Risk Factors*" in Part I, Item 1A of this Annual Report on Form 10-K.

**Governance**

Our board of directors is responsible for monitoring and assessing strategic risk exposure.

Our cybersecurity coordinator is responsible for assessing and managing our material risks from cybersecurity threat and reports to our CEO. This ensures that the senior management are kept abreast of the cybersecurity posture and potential risks faced by our group.

**ITEM 2. DESCRIPTION OF PROPERTY**

We do not own any real estate or other properties. Our office is located at 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia

We believe that our existing facilities are adequate for our current needs and that we will be able to lease suitable additional or alternative space on commercially reasonable terms if and when we need it.

**ITEM 3. LEGAL PROCEEDINGS**

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. There are currently no pending legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results. None of our directors, officers or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

**ITEM 4. MINE SAFETY DISCLOSURES**

Not applicable.

**ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**

The Company sole class of common equity is currently quoted under OTC Markets Pink Sheet under symbol YSGL since June 01, 2026. The Company believes that we do not have an established public trading market and we cannot assure you that there will be any liquidity for our common stock in the future and such quotation reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

**Holders**

As of March 31, 2026, we have 30 shareholders on record of our common stock.

**Transfer Agent and Registrar**

The transfer agent for our capital stock is Transfer Online, Inc, with an address at 512 SE Salmon St., Portland, OR 97214, United States and telephone number is +1 (503) 227-2950.

**Penny Stock Regulations**

The Securities and Exchange Commission has adopted regulations which generally define "penny stock" to be an equity security that has a market price of less than $5.00 per share. Our Common Stock, when and if a trading market develops, may fall within the definition of penny stock and be subject to rules that impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors (generally those with assets in excess of $1,000,000, or annual incomes exceeding $200,000 individually, or $300,000, together with their spouse).

For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities and have received the purchaser's prior written consent to the transaction. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the Securities and Exchange Commission relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. Consequently, the "penny stock" rules may restrict the ability of broker-dealers to sell our Common Stock and may affect the ability of investors to sell their Common Stock in the secondary market.

In addition to the "penny stock" rules promulgated by the Securities and Exchange Commission, the Financial Industry Regulatory Authority ("FINRA") has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit the investors' ability to buy and sell our stock.

**Dividends**

Any future determination as to the declaration and payment of dividends on shares of our Common Stock will be made at the discretion of our board of directors out of funds legally available for such purpose. We are under no contractual obligations or restrictions to declare or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors currently intends to retain all earnings for use in the business for the foreseeable future.

**Recent Sales of Unregistered Securities**

No securities have been sold by the Company during the period covered by this Form 10-K.

**Purchases of Equity Securities by the Registrant and Affiliated Purchasers**

We have not repurchased any shares of our common stock during the fiscal year ended March 31, 2026.

**Other Stockholder Matters**

None.

**ITEM 6. SELECTED FINANCIAL DATA**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*The following discussion and analysis of our results of operations and financial condition for fiscal year ended March 31, 2026 should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this report. Some of the information contained in this management's discussion and analysis or set forth elsewhere in this Annual Report, including information with respect to our plans and strategy for our business and related financing, includes forward looking statements that involve risks, uncertainties and assumptions. As a result of many factors, including those factors set forth in the "Risk Factors" section in Form S-1/A registration statement, filed on August 4, 2025, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in this Annual Report.*

**<u>Overview</u>**

The Company was incorporated on July 08, 2024. Our cash and cash equivalents are $56,936. For the year ended March 31, 2026, the Company incurred a net loss of $10,827 and a positive cash flow from operating activities of $10,981. As reflected in the financial statements, the Company had an accumulated deficit of $13,647.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company's current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**<u>Results of operations for the year ended March 31, 2026</u>**

***Revenues***

For the years ended March 31, 2026 and 2025, the Company has generated a revenue of $40,667 and $6,500 respectively. The revenue was generated as a result of the Company having provided financial consulting services to three Australian and New Zealand companies listed or seeking to list on the U.S. OTC markets.

***General and Administrative Expenses***

For the years ended March 31, 2026 and 2025, the Company incurred general and administrative expenses of $51,494 and $9,320 respectively. These were primarily comprised of audit fees, stock and registrar fees, legal fees and other professional fees.

***Net Loss***

For the years ended March 31, 2026 and 2025, the Company incurred a net loss of $10,827 and $2,820 respectively.

**<u>Liquidity and Capital Resources</u>**

***Cash Provided by Operating Activities***

For the year ended March 31, 2026, net cash provided by operating activities was $10,981. Cash provided by operating activities was attributable to net loss from operation, increase in prepayment, increase in other payable, increase in advances from customers, and increase in amounts due to a related party.

Net cash provided by operating activities was $6,455 from July 08, 2024 (Date of Inception) to March 31, 2025. Cash provided by operating activities was attributable to increases in the amount due to our director.

***Cash Used in Investing Activity***

For the period ended March 31, 2026, the Company had realized "cash used in investing activity" of $579. The cash used in investing activity was attributable to the purchase of plant and equipment.

For the period ended March 31, 2025, the Company had realized "cash used in investing activity" of $5,455. The cash used in investing activity was attributable to the purchase of plant and equipment.

 ****

***Cash Provided by Financing Activity***

For the year ended March 31, 2026, the Company received $38,079 from financing activities, consisting of $36,000 from the issuance of common stock pursuant to our initial public offering completed on September 30, 2025, and $2,079 in proceeds from a related party.

For the period ended March 31, 2025, the Company had realized "cash from financing activities" of $7,455, of which $2,000 was from the issuance of shares and $5,455 was from related-party loans.

**<u>Off-Balance Sheet Arrangement</u>**

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of March 31, 2026.

**<u>Contractual Obligation</u>**

As a smaller reporting company, we are not required to provide the aforementioned information.

**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

The financial statements required by this item are located following the signature page of this Annual Report.

**ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE**

Not Applicable

**ITEM 9A. CONTROLS AND PROCEDURES**

**<u>Evaluation of Disclosure Controls and Procedures</u>**

We conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. The term "disclosure controls and procedures", as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended ("Exchange Act"), means controls and other procedures of a company that are designed to ensure that information required to be disclosed by the company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures also include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on this evaluation, our Chief Executive Officer concluded as of March 31, 2026, that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties and effective risk assessment ; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines; and (4) lack of internal audit function due to the fact that the Company lacks qualified resources to perform the internal audit functions properly and that the scope and effectiveness of the internal audit function are yet to be developed. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of March 31, 2026.

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

**<u>Management's Report on Internal Control Over Financial Reporting</u>**

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The internal controls for the Company are provided by executive management's review and approval of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

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

● Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

● Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company's internal control over financial reporting as of March 31, 2026. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework. Management's assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.

Based on this assessment, management has concluded that as of March 31, 2026, our internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of measures:

We will increase our personnel resources and technical accounting expertise within the accounting function. We will create a position to segregate duties consistent with control objectives. And, we plan to appoint one or more outside directors to our board of directors who shall be appointed to an audit committee resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls and procedures such as reviewing and approving estimates and assumptions made by management when funds are available to us.

We anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2026.

**<u>Changes in Internal Control over Financial Reporting</u>**

There was no change in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting:

This annual report does not include an attestation report of the Company's registered independent public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered independent public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this Annual Report on Form 10-K.

**ITEM 9B. OTHER INFORMATION**

None.

**PART III**

**ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE**

Set forth below are the present directors and executive officers of the Company. Note that there are no other persons who have been nominated or chosen to become directors nor are there any other persons who have been chosen to become executive officers. There are no arrangements or understandings between any of the directors, officers and other persons pursuant to which such person was selected as a director or an officer. Directors are elected to serve until the next annual meeting of stockholders and until their successors have been elected and have qualified. Officers are appointed to serve until the meeting of the board of directors following the next annual meeting of stockholders and until their successors have been elected and qualified.

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Positions and Offices** |
| Jianing Yang | 43 | Chief Executive Officer, President, Secretary, Treasurer, Director |

---

**Jianing Yang - Chief Executive Officer, President, Secretary, Treasurer, Director**

Ms. Yang has extensive experience in financial consulting and management. She began her career at RSM Australia, where she worked as an Audit Associate from 2006 to 2009 and subsequently as an Audit Senior from 2010 to 2013. From 2014 to 2017, she served as Finance Manager for Kohler Australia. Between 2018 and 2023, Ms. Yang worked as an independent financial consultant, assisting various small and medium-sized companies in Australia and New Zealand. Ms. Yang holds a Bachelor of Commerce degree from Massey University in New Zealand, awarded in 2004, and a Master of Commerce degree from the University of New South Wales in Australia, awarded in 2006.

In July 2024, Ms. Yang founded Yellowstone Group Ltd and currently serves as its Chief Executive Officer, President, Secretary, Treasurer, and Director.

**<u>Corporate Governance</u>**

The Company promotes accountability for adherence to honest and ethical conduct; endeavors to provide full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with the Securities and Exchange Commission and in other public communications made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations. The Company has not formally adopted a written code of business conduct and ethics that governs the Company's employees, officers and Directors as the Company is not required to do so.

In lieu of an Audit Committee, the Company's Board of Directors, is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing the scope, results and effectiveness of the annual audit of the Company's financial statements and other services provided by the Company's independent public accountants. The Board of Directors and the Chief Executive Officer of the Company review the Company's internal accounting controls, practices and policies.

**<u>Committees of the Board</u>**

Our Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does our Company have a written nominating, compensation or audit committee charter. Our Director(s) believe that it is not necessary to have such committees, at this time, because the Directors can adequately perform the functions of such committees.

**<u>Audit Committee Financial Expert</u>**

Our Board of Directors has determined that we do not have a board member that qualifies as an "audit committee financial expert" as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as "independent" as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14) of the FINRA Rules.

We believe that our Director(s) are capable of analyzing and evaluating our financial statements and understanding internal controls and procedures for financial reporting. The Director(s) of our Company does not believe that it is necessary to have an audit committee because management believes that the Board of Directors can adequately perform the functions of an audit committee. In addition, we believe that retaining an independent Director who would qualify as an "audit committee financial expert" would be overly costly and burdensome and is not warranted in our circumstances given the stage of our development and the fact that we have not generated any positive cash flows from operations to date.

**<u>Involvement in Certain Legal Proceedings</u>**

Our Directors and our Officers have not been involved in any of the following events during the past ten years:

1. bankruptcy
 petition filed by or against any business of which such person was a general partner or executive officer either at the time of the
 bankruptcy or within two years prior to that time;

2. any
 conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor
 offenses);

3. being
 subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction,
 permanently or temporarily enjoining, barring, suspending or otherwise limiting his/her involvement in any type of business, securities
 or banking activities; or

4. being
 found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have
 violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

5. Such
 person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State
 securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended,
 or vacated;

6. Such
 person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated
 any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not
 been subsequently reversed, suspended or vacated;

7. Such
 person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not
 subsequently reversed, suspended or vacated, relating to an alleged violation of: (i) Any Federal or State securities or commodities
 law or regulation; or(ii) Any law or regulation respecting financial institutions or insurance companies including, but not limited
 to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist
 order, or removal or prohibition order; or(iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with
 any business entity; or

8. Such
person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory
organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section
1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has
disciplinary authority over its members or persons associated with a member.

**<u>Independence of Directors</u>**

We are not required to have independent members of our Board of Directors, and do not anticipate having independent Directors until such time as we are required to do so.

**<u>Code of Ethics</u>**

We have not adopted a formal Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal, business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand in the future, we may take actions to adopt a formal Code of Ethics.

**<u>Shareholder Proposals</u>**

Our Company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for Directors. The Board of Directors believes that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business operations develop to a more advanced level. Our Company does not currently have any specific or minimum criteria for the election of nominees to the Board of Directors and we do not have any specific process or procedure for evaluating such nominees. The Board of Directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our President, at the address appearing on the first page of this Information Statement.

**SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE**

Section 16(a) of the Securities Exchange Act requires our executive officers and directors, and persons who own more than 10% of our common stock, to file reports regarding ownership of, and transactions in, our securities with the Securities and Exchange Commission and to provide us with copies of those filings. Based solely on our review of the copies of such forms furnished to us and written representations by our officers and directors regarding their compliance with applicable reporting requirements under Section 16(a) of the Exchange Act, we believe that all Section 16(a) filing requirements for our executive officers, directors and 10% stockholders were met during the year ended March 31, 2026.

**ITEM 11. EXECUTIVE COMPENSATION**

**MANAGEMENT COMPENSATION**

The following tables set forth certain information about compensation paid, earned or accrued for services by our Executive Officer for the fiscal years ended March 31, 2026 and 2025:

**Summary Compensation Table**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** | **Summary Compensation Table** |
| **Name and principal position (a)** | **Year ended March 31 (b)** | **Salary ($) (c)** | **Bonus ($) (d)** | **Stock Compensation ($) (e)** | **Option Awards ($) (f)** | **Non-Equity Incentive Plan Compensation ($) (g)** | **Nonqualified Deferred Compensation Earnings ($) (h)** | **All Other Compensation ($) (i)** | **Total ($) (j)** |
| **Jianing Yang, Chief Executive Officer, President, Secretary, Treasurer, Director** | 2026 | $- |  |  |  |  |  |  | $- |
| **Jianing Yang, Chief Executive Officer, President, Secretary, Treasurer, Director** | 2025 | $- |  |  |  |  |  |  | $- |

---

Stock Option Grants

We have not granted any stock options to our executive officers since our incorporation.

Employment Agreements

We do not have an employment or consulting agreement with any officers or Directors..

**<u>Compensation Discussion and Analysis</u>**

**Director Compensation**

Our Board of Directors does not currently receive any consideration for their services as members of the Board of Directors. The Board of Directors reserves the right in the future to award the members of the Board of Directors cash or stock-based consideration for their services to the Company, which awards, if granted shall be in the sole determination of the Board of Directors.

**Executive Compensation Philosophy**

Our Board of Directors determines the compensation given to our executive officers in their sole determination. Our Board of Directors reserves the right to pay our executive or any future executives a salary, and/or issue them shares of common stock in consideration for services rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer's performance. This package may also include long-term stock-based compensation to certain executives, which is intended to align the performance of our executives with our long-term business strategies. Additionally, while our Board of Directors has not granted any performance base stock options to date, the Board of Directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would be in the best interests of the Company.

**Incentive Bonus**

The Board of Directors may grant incentive bonuses to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are in the Company's best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

**Long-term, Stock Based Compensation**

In order to attract, retain and motivate executive talent necessary to support the Company's long-term business strategy we may award our executive and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our Board of Directors, which we do not currently have any immediate plans to award.

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

As of March 31, 2026, the Company has 22,400,000 shares of common stock issued and outstanding, which number of issued and outstanding shares of common stock have been used throughout this report.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name and Address of Beneficial Owner** | **Shares of Common Stock Beneficially Owned** | **Common Stock Voting Percentage Beneficially Owned** | **Voting Shares of Preferred Stock** | **Preferred Stock Voting Percentage Beneficially Owned** | **Total Voting Percentage Beneficially Owned** |
| **Executive Officers and Directors** |  |  |  |  |  |
| Jianing Yang <br> Title: President, Secretary, Treasurer, Chief Executive Officer, and Director <br> Address: 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia | 20000000 | 89% |  |  | 89% |
| **5% or Greater Shareholders** |  |  |  |  |  |

---

\*Officers and or Directors who may hold a 5% or greater controlling interest in the Company are included above, but only under the subtitle, "Executive Officers and Directors".

Beneficial ownership has been determined in accordance with Rule 13d-3 under the Exchange Act. Under this rule, certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire shares (for example, upon exercise of an option or warrant) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person by reason of such acquisition rights. As a result, the percentage of outstanding shares of any person as shown in the following table does not necessarily reflect the person's actual voting power at any particular date.

**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE**

On July 08, 2024, the Company issued 20,000,000 shares of restricted common stock, with $0.0001 per share, to Ms. Jianing Yang in consideration of $2,000. The $2,000 in proceeds went to the Company to be used as working capital.

Ms. Jianing Yang, currently our major shareholder, serves as our Chief Executive Officer, President, Secretary, Treasurer and Director.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

As of March 31, 2026, our sole director, Ms. Jianing Yang, advanced $7,534 to the Company, which is unsecured and non-interest bearing with repayable on demand.

**Review, Approval and Ratification of Related Party Transactions**

Given our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification of transactions, such as those described above, with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our Directors will continue to approve any related party transaction.

**ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES**

***Audit Fees***

The following table sets forth the aggregate fees billed to the Company by its independent registered public accounting firms for the fiscal years ended March 31, 2026 and 2025. We have engaged EliteCPA P.C. as our independent registered public accounting firm since March 28, 2025.

---

| | | |
|:---|:---|:---|
| **ACCOUNTING FEES AND SERVICES** | **2026** | **2025** |
| Audit fees | $17800 | $8500 |

---

The category of "Audit fees" includes fees for our annual audit, quarterly reviews and services rendered in connection with regulatory filings with the SEC, such as the issuance of comfort letters and consents.

All of the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for last two fiscal years were approved by our board of directors.

**<u>PART IV</u>**

**ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**

**(a) Financial Statements**

---

| | |
|:---|:---|
|  | **Page** |
| **Audited Financial Statements** |  |
| [REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#sh_008) (PCAOB ID: 7238) | F-1 |
| [BALANCE SHEETS](#sh_009) | F-2 |
| [STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS](#sh_010) | F-3 |
| [STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY](#sh_012) | F-5 |
| [STATEMENTS OF CASH FLOWS](#sh_013) | F-6 |
| [NOTES TO FINANCIAL STATEMENTS](#sh_014) | F-7 – F-13 |

---

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

**To the Shareholders and the Board of Directors of Yellowstone Group Ltd**

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of Yellowstone Group Ltd (the "Company") as of March 31, 2026, and the related statement of operations, of comprehensive loss, of changes in shareholders' deficit, and statement of cash flows for the year ended March 31, 2026, including 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 March 31, 2026, and the results of its operations and its cash flows for the period ended March 31, 2026, 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 audits. 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 audits 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits 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 audits 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 audits provide a reasonable basis for our opinion.

---

| |
|:---|
| ***/s/ ELITECPA P.C.*** |
| <br> We have served as the Company's auditor since 2025. |
| Piscataway, New Jersey<br> June 25, 2026 |

---

**Item 1. Financial Statements**

**YELLOWSTONE GROUP LTD**

**BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **As of**<br>**March 31, 2026** | **As of**<br>**March 31, 2025** |
| **<u>ASSETS</u>** |  |  |
| **Current assets** |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $56936 | $8455 |
| &nbsp;&nbsp;&nbsp;Prepayment and deposit | $1336 | - |
| Total current assets | $58272 | 8455 |
| **Non - current asset** |  |  |
| &nbsp;&nbsp;&nbsp;Plant and equipment, net | $3248 | $4680 |
| Total non - current asset | 3248 | 4680 |
| **TOTAL ASSETS** | $61520 | $13135 |
| **<u>LIABILITIES AND STOCKHOLDERS' EQUITY</u>** |  |  |
| **Current liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $8500 | $8500 |
| &nbsp;&nbsp;&nbsp;Other payable | 17800 |  |
| &nbsp;&nbsp;&nbsp;Advances from customers | 3333 |  |
| &nbsp;&nbsp;&nbsp;Amounts due to a related party | 7534 | 5455 |
| Total current liabilities | 37167 | 13955 |
| **Total liabilities** | $37167 | $13955 |
| **Commitments and contingencies** |  |  |
| **<u>Stockholders' equity</u>** |  |  |
| &nbsp;&nbsp;&nbsp;Common stock – Par value $0.0001; Authorized: 75,000,000 shares; Issued and outstanding: 22,400,000 and 20,000,000 shares as of March 31, 2026 and March 31, 2025 | $2240 | $2000 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | 35760 |  |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (13647) | (2820) |
| Total stockholders' equity | $24353 | $(820) |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $61520 | $13135 |

---

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

**YELLOWSTONE GROUP LTD**

**STATEMENTS OF OPERATIONS**

---

| | | |
|:---|:---|:---|
|  | **For the Year ended March 31** | **For the Year ended March 31** |
|  | **2026** | **2025** |
| **Revenue** | $40667 | $6500 |
| **Operating expenses** |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | (51494) | (9320) |
| **Total operating expenses** | (51494) | (9320) |
| **Loss from operations** | (10827) | (2820) |
| **Net Loss** | (10827) | (2820) |
| **Earnings per share** |  |  |
| Net loss per common share – basic and diluted | (0.0005) | (0.0014) |
| **Weighted average number of common stock** |  |  |
| Basic and diluted | 21391945 | 2022472 |

---

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

**YELLOWSTONE GROUP LTD**

**STATEMENTS OF COMPREHENSIVE LOSS**

---

| | | |
|:---|:---|:---|
|  | **For Year ended March 31** | **For Year ended March 31** |
|  | **2026** | **2025** |
|  | **(Audited)** | **(Audited)** |
| Net Loss | (10827) | (2820) |
| **Other comprehensive (loss) income** |  |  |
| Foreign currency translation adjustments, net of tax of nil |  |  |
| **Comprehensive loss attributable to Yellowstone Group Ltd** | (10827) | (2820) |
| **Total comprehensive loss attributable to common shares of Yellowstone Group Ltd** | **(10827)** | **(2820)** |

---

**YELLOWSTONE GROUP LTD**

**STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Additional paid in**<br>**capital** | **Accumulated**<br>**Deficit** |<br>**Total** |
| Balance as of July 08, 2024 (Date of Inception) | - | - |  | - | - |
| Net loss | - | - |  | (2820) | (2820) |
| Issuance of share capital, founder's shares | 20000000 | 2000 |  |  | 2000 |
| Balance as of March 31, 2025 | 20000000 | 2000 |  | (2820) | (820) |
| Initial public offering | 2400000 | 240 | 35760 |  | 36000 |
| Net loss |  |  |  | (10827) | (10827) |
| Balance as of March 31, 2026 | 22400000 | 2240 | 35760 | (13647) | 24353 |

---

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

**YELLOWSTONE GROUP LTD**

**STATEMENTS OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
|  | **For the Year ended March 31** | **For the Year ended March 31** |
|  | **2026** | **2025** |
| **Cash Flows From Operating Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(10827) | $(2820) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 2011 | 775 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayment | (1336) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable |  | 8500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other payable | 17800 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advances from customers | 3333 | - |
| &nbsp;&nbsp;&nbsp;Net cash provided by operating activities | 10981 | 6455 |
| **Cash Flows From Investing Activity:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of plant and equipment | (579) | (5455) |
| &nbsp;&nbsp;&nbsp;Net cash used in investing activity | (579) | (5455) |
| **Cash Flows From Financing Activity:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of shares | 36000 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from related-party loans | 2079 | 5455 |
| &nbsp;&nbsp;&nbsp;Net cash provided by financing activity | 38079 | 7455 |
| &nbsp;&nbsp;&nbsp;Net change in cash and cash equivalents | 48481 | 8455 |
| **Cash and cash equivalents, beginning of period** | 8455 | - |
| **Cash and cash equivalents, end of period** | $56936 | $8455 |
| **Supplemental cash flows information** |  |  |
| Income taxes paid | $- | $- |
| Interest paid | $- | $- |

---

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

**YELLOWSTONE GROUP LTD**

**NOTES TO FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED MARCH 31, 2026 AND 2025**

**(Currency expressed in United States Dollars ("US$"), except for number of shares)**

**1. Organization and business background**

Yellowstone Group Ltd, a Nevada corporation, ("the Company") was incorporated under the laws of the State of Nevada on July 08, 2024.

Yellowstone Group Ltd is headquartered in Sydney, Australia. The Company offers financial consulting services to small Australian and New Zealand companies, listed or seeking to list on the U.S. OTC markets, specializing in the preparation of annual and quarterly financial statements and reports.

The Company's executive office is located at 48 Janice Street, Seven Hills, Sydney, NSW 2147, Australia.

**2. Summary of Significant Accounting Policies**

***(a)*** <u>Basis of presentation</u>

The accompanying financial statements of the Company are prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission ("<u>SEC</u>") and in conformity with generally accepted accounting principles in the U.S. ("<u>US GAAP</u>"). The Company has adopted March 31 as its fiscal year end.

***(b)*** <u>Use of estimates</u>

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

***(c)*** <u>Cash and Cash Equivalents</u>

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

***(d)*** <u>Accounts Receivable, net</u>

Accounts receivable, net represents those receivables derived from the ordinary course of business and are recorded net of allowance that reflects the Company's best estimate of the amounts that will not be collected. In determining collectability of the accounts receivables, the Company considers factors in assessing the expected credit losses, including historical credit loss experience, credit quality of customers, aging of the receivables, and specific facts and circumstances.

Accounts Receivable and allowance for credit losses. Trade receivables are uncollateralized customer obligations due under normal trade terms. The Company has established procedures to monitor credit risk. The estimated allowance is based on an analysis that estimates the amount of its total customer receivable balance that is not collectible. This analysis includes assessing a default probability to customers' receivable balances, which is influenced by several factors including (i) current market conditions, (ii) periodic review of customer credit worthiness, and (iii) review of customer receivable aging and payment trends. Write-offs are recorded at the time a customer receivable is deemed uncollectible. In accordance with Accounting Standards Update ("ASU") 2016-13, Financial Instruments – Credit Losses, Measurement of Credit Losses on Financial Instruments the Company recognizes expected credit losses based on a broader range of reasonable and supportable information to inform credit loss estimates.The Company accrued allowance for credit losses of nil for the year ended March 31, 2026.

***(e)*** <u>Plant and equipment, net</u>

Plant and equipment are stated at cost less accumulated depreciation and impairment. Depreciation of plant, equipment and software are calculated on the straight-line method over their estimated useful lives or lease terms generally as follows:

Schedule of Plant and Equipment Useful Live

<u>Classification</u> <u>Useful Life</u> <br> Computer and software 3 years <br> Furniture and fixtures 3 years

***(f)*** <u>Revenue Recognition</u>

Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) identification
 of the promised goods and services in the contract;

(ii) determination
 of whether the promised goods and services are performance obligations, including whether they are distinct in the context of the
 contract;

(iii) measurement
 of the transaction price, including the constraint on variable consideration;

(iv) allocation
 of the transaction price to the performance obligations; and

(v) recognition
 of revenue when (or as) the Company satisfies each performance obligation.

The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The Company recognizes revenue when the promised services are completed and delivered to the customer in an amount that reflects the consideration the Company expects to receive.

The Company generates revenue from preparing annual and quarterly financial statements and reports. For annual service agreements, revenue is recognized separately upon completion and delivery of each quarterly financial statement and report and the annual financial statement and report to the customer. The Company does not recognize revenue in full at contract inception or simply on a straight-line basis over the service period.

***(g)*** <u>Earnings Per Share</u>

The Company reports earnings per share in accordance with ASC 260 "Earnings Per Share", which requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common stock outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. Further, if the number of common stock outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of a basic and diluted earnings per share shall be adjusted retroactively for all periods presented to reflect that change in capital structure.

The Company's basic earnings per share is computed by dividing the net income available to holders by the weighted average number of the Company's common stock outstanding. Diluted earnings per share reflects the amount of net income available to each common stock outstanding during the period plus the number of additional shares that would have been outstanding if potentially dilutive securities had been issued.

***(h)*** <u>Income Taxes</u>

The Company accounts for income taxes using the asset and liability method prescribed by ASC 740 "Income Taxes". Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date.

New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the "U.S. Tax Reform"), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment.

***(i)*** <u>Comprehensive Loss</u>

Comprehensive Loss includes all changes in equity except those resulting from investments by owners and distributions to owners. For the years presented, the Company's total comprehensive loss includes net loss.

***(j)*** <u>Related parties</u>

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

***(k)*** <u>Fair Value Measurement</u>

Accounting Standards Codification ("ASC") 820 "Fair Value Measurements and Disclosures", which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The statement clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability, that is, the principal or most advantageous market for the asset or liability. It also emphasizes that fair value is a market-based measurement, not an entity-specific measurement, and that market participant assumptions include assumptions about risk and effect of a restriction on the sale or use of an asset.

This ASC establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

***(l)*** <u>Recently issued and adopted accounting pronouncements</u>

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, requiring public entities to disclose information about their reportable segment's significant expenses and other segment items on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. The Company adopted ASU 2023-07during the year ended March 31, 2025. See Note 12 Segment reporting in the accompanying notes to the consolidated financial statements for further detail.

**3. Cash and Cash Equivalents**

Summary of Cash and Cash Equivalents

---

| | | |
|:---|:---|:---|
|  | **As of**<br> **March 31, 2026** | **As of**<br> **March 31, 2025** |
| Cash and cash equivalents | $56936 | $8455 |
| **Total** | $56936 | $8455 |

---

**4. Property and equipment, net**

Plant and equipment consisted of the following as of March 31, 2026 and March 31, 2025:

Schedule of Property and Equipment

---

| | | |
|:---|:---|:---|
|  | **As of**<br> **March 31, 2026** | **As of**<br> **March 31, 2025** |
| Computer and software | $5455 | $5455 |
| Furniture and fixtures | 579 | - |
| Less: Accumulated depreciation | (2786) | (775) |
| Plant and equipment, net | $3248 | $4680 |

---

Depreciation expense for the years ended March 31, 2026 and March 31, 2025 was $2,011 and $775 respectively.

**5. Related Party Transaction** 

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.

For the years ended March 31, 2026 and March 31, 2025, the balance amount due to related parties were as follows:

Balance amount with Related Parties:

---

| | | |
|:---|:---|:---|
|  | **As of**<br> **March 31, 2026** | **As of**<br> **March 31, 2025** |
| Amount due to related parties | $7534 | $5455 |
| **Total** | $7534 | $5455 |

---

**6. Ordinary Shares**

The Company has 75,000,000 shares of commons stock authorized.

On March 5, 2025, Jianing Yang, subscribed 20,000,000 shares of common stock at $0.0001 per share for a total subscription value of $2,000. On September 30, 2025, the Company resolved to close the public offering pursuant to Form S-1, resulting in 2,400,000 shares of common stock being sold at $0.015 per share for a total of $36,000. The proceed of $36,000 went directly to the Company and shall be utilized pursuant to the use of proceed stated in the Form S-1.

As of March 31, 2026, the Company has 22,400,000 shares of common stock issued and outstanding.

**7. Revenue**

---

| | | |
|:---|:---|:---|
|  | **For the Year Ended**<br> **March 31, 2026** | **For the Year Ended** <br> **March 31, 2025** |
| Financial consulting services | $40667 | $6500 |
| **Total** | $40667 | $6500 |

---

**8. Income Taxes**

The loss from operation before income tax of the Company for the years ended March 31, 2026 and 2025 were comprised of the following:

Schedule of Loss from Operation Before Income Tax

---

| | | |
|:---|:---|:---|
|  | <br>**For the Year Ended**<br> **March 31, 2026** | **For the Year Ended**<br> **March 31, 2025** |
| Tax jurisdictions from: |  |  |
| – Local | $(10827) | $(2820) |
| **Loss before income taxes** | $(10827) | $(2820) |

---

*United States of America*

The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate. The Company is registered in the State of Nevada and is subject to United States of America tax law. As of March 31, 2026, the operations in the United States of America incurred $10,827 of cumulative net operating losses (NOL's) which can be carried forward to offset future taxable income. The Company has provided for a full valuation allowance of approximately $2,274 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future.

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of Mach 31, 2026 and March 31, 2025:

Schedule of Components of Deferred Tax Assets

---

| | | |
|:---|:---|:---|
|  | **As of**<br>**March 31, 2026** | **As of**<br>**March 31, 2025** |
| Deferred tax assets: |  |  |
| Net operating loss carryforwards |  |  |
| – United States of America | $2274 | $592 |
| Less: valuation allowance | (2274) | (592) |
| Deferred tax assets | $- | $- |

---

Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $2,274 as of March 31, 2026.

**9. Net Loss per Ordinary Share**

Net loss per ordinary share was computed by dividing net loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the years ended March 31, 2026 and 2025:

Schedule of Earnings Per Share

---

| | | |
|:---|:---|:---|
|  | **For the Year ended**<br>**March 31, 2026** | **For the Year ended**<br>**March 31, 2025** |
|  | **US$** | **US$** |
| **Numerator:** |  |  |
| Net loss —basic and diluted | (10827) | (2820) |
| Net loss attributable to ordinary shareholders | (10827) | (2820) |
| **Shares (Denominator):** |  |  |
| Weighted average number of ordinary shares outstanding | 21391945 | 2022472 |
| Basic and diluted |  |  |
| Net loss per share—basic and diluted | (0.0005) | (0.0014) |

---

**10. Concentrations of risk**

Customer Concentration

For the year ended March 31, 2026, there were three customers who accounted for 100% of the Company's revenues. The customer who accounted for 100% of the Company's revenues and its outstanding receivable balance at period-end is presented below:

Schedule of Concentration of Risk

---

| | | | |
|:---|:---|:---|:---|
|  | **From the Year ended March 31, 2026** | **From the Year ended March 31, 2026** | **From the Year ended March 31, 2026** |
|  | **Revenue** | **Percentage of Revenue** | **Accounts receivable** |
|  | **US$** | **%** | **US$** |
| Customer A | 22000 | 54.1% |  |
| Customer B | 15000 | 36.9% |  |
| Customer C | 3667 | 9.0% |  |
| **Total** | **40667** | **100%** |  |

---

From July 8, 2024 to March 31, 2025, there were two customers who accounted for 100% of the Company's revenues. The customers who accounted for 100% of the Company's revenues and its outstanding receivable balance at period-end is presented below:

---

| | | | |
|:---|:---|:---|:---|
|  | **From July 8, 2024 to March 31, 2025** | **From July 8, 2024 to March 31, 2025** | **From July 8, 2024 to March 31, 2025** |
|  | **Revenue** | **Percentage of Revenue** | **Accounts receivable** |
|  | **US$** | **%** | **US$** |
| Customer A | 5500 | 84.6% |  |
| Customer B | 1000 | 15.4% |  |
| **Total** | **6500** | **100%** |  |

---

**11. Commitments and contingencies**

The Company did not have other significant capital commitments or significant guarantees as of March 31, 2026, respectively.

**12. Segment reporting**

ASC Topic 280, "Segment Reporting," establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company's chief operating decision maker ("CODM"), or group, in deciding how to allocate resources and assess performance.

The Company's CODM has been identified as the Chief Executive Officer and the Chief Financial Officer, who review the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net loss that also is reported on the statement of operations as net loss. The measure of segment assets is reported on the balance sheet as total assets.

Schedule of Segment Reporting Information

---

| | | |
|:---|:---|:---|
|  | **For the Year ended March 31** | **For the Year ended March 31** |
|  | **2026** | **2025** |
| **Revenue** | $40667 | $6500 |
| **Operating expenses** |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | (51494) | (9320) |
| **Total operating expenses** | (51494) | (9320) |
| **Loss from operations** | (10827) | (2820) |
| **Net Loss** | (10827) | (2820) |

---

**13. Subsequent Event**

Management has evaluated subsequent events through the date of this filing. All subsequent events requiring recognition as of March 31, 2026 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, "Subsequent Events".

**(b) Exhibits**

The following exhibits are filed herewith:

---

| | |
|:---|:---|
| 31.1 | [Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer, principal financial officer\*](ex31-1.htm) |
| 32.1 | [Section 1350 Certification of principal executive officer, principal financial officer and principal accounting officer\*](ex32-1.htm) |
| 101.INS\* | Inline XBRL Instance Document |
| 101.SCH\* | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL\* | Inline XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF\* | Inline XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB\* | Inline XBRL Taxonomy Extension Labels Linkbase |
| 101.PRE\* | Inline XBRL Taxonomy Extension Presentation Linkbase |
| 104\* | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\*Filed herewith

**ITEM 16. FORM 10-K SUMMARY**

As permitted, the registrant has elected not to supply a summary of information required by Form 10-K.

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Yellowstone Group Ltd** | **Yellowstone Group Ltd** |
| Date: June 25, 2026 | **By:** | */s/ Jianing Yang* |
|  |  | Jianing Yang |
|  |  | Chief Executive Officer, President, Secretary, |
|  |  | Treasurer, and Director |
|  |  | (Principal Executive Officer, Principal Financial |

---

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant, and in the capacities and on the dates indicated:

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Jianign Yang* | Chief Executive Officer, President, Secretary, Treasurer, Director |  |
| Jianing Yang | (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) | June 25, 2026 |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**CERTIFICATION**

I, JIANING YANG, certify that:

1. I have reviewed this Annual Report on Form 10-K of Yellowstone Group Ltd (the "Company") for the year ended March 31, 2026;

2. Based on my knowledge, this Annual Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure
 controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material
 information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities,
 particularly during the period in which this report is being prepared;

b. Designed such internal
 control over financial reporting or caused such internal control to be designed under our supervision, to provide reasonable assurance
 regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
 with generally accepted accounting principles.

c. Evaluated the effectiveness
 of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness
 of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report
 any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent
 fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies
 and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely
 affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not
 material, that involves management or other employees who have a significant role in the registrant's internal control over
 financial reporting.

---

| | | |
|:---|:---|:---|
| Date: June 25, 2026 | By: | ***/s/ JIANING YANG*** |
|  |  | JIANING YANG |
|  |  | Chief Executive Officer, President, Secretary, Treasurer, Director |
|  |  | (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer) |

---

## Exhibit 32.1

**EXHIBIT 32.1**

**CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Annual Report of Yellowstone Group Ltd (the "Company") on Form 10-K for the year ended March 31, 2026 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies
 with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained
 in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: June 25, 2026 | By: | ***/s/ JIANING YANG*** |
|  |  | JIANING YANG |
|  |  | Chief Executive Officer, President, Secretary, Treasurer, Director |
|  |  | (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer) |

---