Jubilant Flame International, Ltd 10-Q for FY2027 Q2

Jubilant Flame International, Ltd (JFIL)

10-Q 2026-10-14 For: 2026-08-31

Added on October 14, 2026

About this 10-Q

Jubilant Flame International, Ltd filed this 10-Q on October 14, 2026, covering the quarter ended August 31, 2026 (FY2027 Q2).

Jubilant Flame International, Ltd had no revenue and net losses of $15,277 and $45,008 for the three- and six-month periods ended August 31, 2026. A $1,465,100 working capital deficit raises going-concern doubt; additional financing is needed. AI summary

Headline figures

Quarter ended August 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $0; compared with $0 a year earlier
Net loss: $15.28K; compared with a net loss of $13.31K a year earlier
Diluted EPS: -$0.08; compared with -$0.07 a year earlier

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Non-accelerated filer	☐	Smaller reporting company	☒
Emerging growth company	☐

		Page
PART I – FINANCIAL INFORMATION

Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	5
Item 4.	Controls and Procedures	5

PART II – OTHER INFORMATION

Item 1.	Legal Proceedings	6
Item 1A.	Risk Factors	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3.	Defaults Upon Senior Securities	6
Item 4.	Mine Safety Disclosures	6
Item 5.	Other Information	6
Item 6.	Exhibits	7
SIGNATURES		8

Contents		Page
Balance Sheets August 31, 2026 and February 28, 2026 (Unaudited)		F-2
Statements of Operations for the Three and Six-Month Periods Ended August 31, 2026 and 2025 (Unaudited)		F-3
Statements of Changes in Stockholders’ Deficit for the Three and Six-Month Periods Ended August 31, 2026 and 2025 (Unaudited)		F-4
Statements of Cash Flows for the Six-Month Periods Ended August 31, 2026 and 2025 (Unaudited)		F-5
Notes to the Financial Statements (Unaudited)		F-6

	August 31,			February 28,
	2026			2026
ASSETS

Current assets
Cash and cash equivalents	$	1,660		$	4,175
Prepaid expenses		4,005			12,015
Total current assets		5,665			16,190
Total Assets	$	5,665		$	16,190

LIABILITIES & STOCKHOLDERS’ DEFICIT

Current liabilities
Accounts payable – related parties	$	47,643		$	47,643
Accounts payable and accrued liabilities		42,006			37,504
Accrued officer compensation		535,500			535,500
Loan payable - related parties		845,616			815,635
Total current liabilities		1,470,765			1,436,282
Total Liabilities		1,470,765			1,436,282

Commitment and Contingencies					-

Stockholders’ Deficit
Common stock, $0.001 par value per share 75,000,000 shares authorized; 199,867 and 199,867 shares issued and outstanding, respectively*		200			200
Additional paid in capital		2,488,831			2,488,831
Accumulated deficit		(3,954,131	)		(3,909,123	)
Total Stockholders’ Deficit		(1,465,100	)		(1,420,092	)
Total Liabilities and Stockholders’ Deficit	$	5,665		$	16,190

	For the three months ended						For the six months ended
	August 31,						August 31,
	2026			2025			2026			2025

Revenue	$	-		$	-		$	-		$	-

Costs and Operating Expenses:
Cost of goods sold		-			-			-			-
Operating, selling, general and administrative		15,277			13,312			45,008			32,502
Total operating expenses		15,277			13,312			45,008			32,502

Loss from operations		(15,277	)		(13,312	)		(45,008	)		(32,502	)

Loss before provision for income taxes		(15,277	)		(13,312	)		(45,008	)		(32,502	)
Provision for income tax		-			-			-			-
Net loss	$	(15,277	)	$	(13,312	)	$	(45,008	)	$	(32,502	)
Net loss per share (basic and diluted)	$	(0.08	)	$	(0.07	)	$	(0.23	)	$	(0.16	)
Weighted average number of common shares outstanding*		199,867			199,867			199,867			199,867

For the Three Months ended August 31, 2026 and 2025
					Additional					Total
	Common Stock				paid in		Accumulated			Stockholders’
	Shares*		Amount		Capital		deficit			Deficit
Balance at May 31, 2026		199,867	$	200	$	2,488,831	$	(3,938,854	)	$	(1,449,823	)
Net loss		-		-		-		(15,277	)		(15,277	)
Balance at August 31, 2026		199,867	$	200	$	2,488,831	$	(3,954,131	)	$	(1,465,100	)

					Additional					Total
	Common Stock				paid in		Accumulated			Stockholders’
	Shares*		Amount		Capital		deficit			Deficit
Balance at May 31, 2025		199,867	$	200	$	2,488,831	$	(3,864,806	)	$	(1,375,775	)
Net loss		-		-		-		(13,312	)		(13,312	)
Balance at August 31, 2025		199,867	$	200	$	2,488,831	$	(3,878,118	)	$	(1,389,087	)

For the Six Months ended August 31, 2026 and 2025
					Additional					Total
	Common Stock				paid in		Accumulated			Stockholders’
	Shares*		Amount		Capital		deficit			Deficit
Balances at February 28, 2026		199,867	$	200	$	2,488,831	$	(3,909,123	)	$	(1,420,092	)
Net loss		-		-		-		(45,008	)		(45,008	)
Balance at August 31, 2026		199,867	$	200	$	2,488,831	$	(3,954,131	)	$	(1,465,100	)

					Additional					Total
	Common Stock				paid in		Accumulated			Stockholders’
	Shares*		Amount		Capital		deficit			Deficit
Balances at February 28, 2025		199,867	$	200	$	2,488,831	$	(3,845,616	)	$	(1,356,585	)
Net loss		-		-		-		(32,502	)		(32,502	)
Balance at August 31, 2025		199,867	$	200	$	2,488,831	$	(3,878,118	)	$	(1,389,087	)

	For the six months ended August 31,
	2026			2025
Cash Flows from Operating Activities:
Net loss	$	(45,008	)	$	(32,502	)
Adjustments to reconcile net loss to net cash used in operating activities
Changes in current assets and liabilities:
Prepaid expense		8,010			7,800
Accounts payable and accrued liabilities		4,502			17,168
Net cash used in operating activities		(32,496	)		(7,534	)
Cash Flows from Financing Activities:
Net proceeds from related party loans		29,981			7,534
Net cash provided by financing activities		29,981			7,534
Net increase (decrease) in cash and cash equivalents		(2,515	)		-
Cash and cash equivalents, beginning of period		4,175			1,225
Cash and cash equivalents, end of period	$	1,660		$	1,225
Supplemental Disclosure
Cash paid for interest	$	-		$	-
Cash paid for income tax	$	-		$	-

	Three Months Ended		Three Months Ended
	Aug 31		Aug 31
	2026		2025

Professional fee	$	11,272	$	9,412
OTC service expense and others		4,005		3,900
Total operating expenses	$	15,277	$	13,312

	Six Months Ended		Six Months Ended
	Aug 31		Aug 31
	2026		2025
Professional fee	$	36,903	$	24,702
OTC Filing fees and others		8,105		7,800
Total operating expenses	$	45,008	$	32,502

EXHIBIT NUMBER		DESCRIPTION
31.1		Certification of the President and Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of the Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of the President and Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS **		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH **		Inline XBRL Taxonomy Extension Schema Document.
101.CAL **		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF **		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB **		Inline XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE **		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104**		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

	JUBILANT FLAME INTERNATIONAL, LTD

Date: October 14, 2026	By:	/s/ Yan Li
		Yan Li
		President, Chief Executive Officer (Principal Executive Officer) and Director

Date: October 14, 2026	By:	/s/ Lei Wang
		Lei Wang
		(Chief Financial Officer) and Director

1.	I have reviewed this quarterly report on Form 10-Q for the period ending August 31, 2026, of Jubilant Flame International, Ltd. ‘the registrant’

2.	Based on my knowledge, this 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.

	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 over financial reporting 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.

	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.

	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.