LSEB Creative Corp 10-K for FY2026

LSEB Creative Corp. (LSEB)

10-K 2026-08-04 For: 2026-03-31

Added on August 04, 2026

About this 10-K

LSEB Creative Corp filed this 10-K on August 4, 2026, covering the fiscal year ended March 31, 2026 (FY2026).

Headline figures

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

Revenue: $17.91K; down 12.8% from $20.54K a year earlier
Net loss: $59.99K; compared with a net loss of $160.01K a year earlier
Diluted EPS: -$0.00; compared with -$0.01 a year earlier

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wyoming	83-4415385
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Large accelerated filer	o	Accelerated filer	o
Non-accelerated Filer	x	Smaller reporting company	x
		Emerging growth company	o

·	“Exchange Act” refers to the Securities Exchange Act of 1934, as amended;

·	“SEC” refers to the United States Securities and Exchange Commission;

·	“Securities Act” refers to the Securities Act of 1933, as amended;

PART I

ITEM 1.	BUSINESS	1

ITEM 1A.	RISK FACTORS	21

ITEM 1B.	UNRESOLVED STAFF COMMENTS	32

ITEM 1C.	CYBERSECURITY	32

ITEM 2.	PROPERTIES	33

ITEM 3.	LEGAL PROCEEDINGS	33

ITEM 4.	MINE SAFETY DISCLOSURES	33

PART II

ITEM 5.	MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES	34

ITEM 6.	SELECTED FINANCIAL DATA	37

ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	37

ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	49

ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	49

ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES	50

ITEM 9A.	CONTROLS AND PROCEDURES	50

ITEM 9B.	OTHER INFORMATION	52

PART III

ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	53

ITEM 11.	EXECUTIVE COMPENSATION	55

ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	56

ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	57

ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	58

PART IV

ITEM 15.	EXHIBITS AND SIGNATURES	59

	·	Highest quality products and services

	·	Accurate, efficient and quality customer service

	·	Honesty, integrity and continually adding value to its customers, partners and associates.

	·	Early adoption of developments in fabric and production technologies or trend

	·	Expansion of product categories

	·	Consistent, innovative marketing campaigns

	·	Adopting latest technologies as they pertain to marketing and eCommerce

	·	One-piece or two-piece set; $220-450 USD

	·	Cover-up; $275-400 USD

	·	Females 30-40 years and males 32-42 years; Millennial generation

	·	Single or with long-term partner/fiancé, but not yet married

	·	Lives in a 1-2 income family

	·	Graduated from college or university with a diploma, degree, or MBA

	·	Working in Business, Fashion, Marketing, Tech, or a related field

	·	Often an Entrepreneur with their own successful small to mid-sized company or established as a senior role in a large company

	·	Annual household income of $160,000 – 240,000 USD

	·	Mode of transportation is a personal or family vehicle of approximately $60,000 – 90,000 USD in value

	·	Urban areas internationally

	·	Living in an 800+ square-foot condo in the downtown core of a city, or in 3+ bedroom home in the suburbs

	·	Self-motivated, business-oriented individuals that place importance on self-presentation, their relationships, and discovering the “finer things” life has to offer

	·	Hobbies include learning new technologies, reading, yoga and fitness classes, nutrition, traveling, shopping, and discovering new restaurants

	·	Day-to-day style can be described as elevated modern-day business attire, while weekend or casual attire consists of on-trend, streetstyle items that provide comfortability

	·	Appreciates high-fashion but is also mindful quality, sustainability, and the overall value of a garment and are willing to pay for these attributes

	·	Travels often whether it be for business or pleasure and are willing to spend money on experiences

	·	Couples 40-50 years of age

	·	Married with 1+ children that are now living away from home

	·	Experiencing or considering early retirement and are going on more frequent vacations or living in hot climates for a portion of the year as a result

	·	Fashionable business moguls, investors, or those in significant corporate positions

	·	Find pride in maintaining their physical health and appearance despite aging

	·	Fashion is a passion or hobby of theirs, so they enjoy investing in their wardrobe

	·	Enjoy golfing, social events, vacationing, and hosting gatherings

	·	Level 1 - Simple questions that can be answered on the spot – delivery costs and time, etc.

	·	Level 2 - More complex (Needs Analysis) questions such as availability, color, dimensions etc

	·	That a broker or dealer approve a person’s account for transactions in penny stocks; and

	·	The broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quality of the penny stock to be purchased.

	·	Obtain financial information and investment experience objectives of the person; and

	·	Make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

	·	Sets forth the basis on which the broker or dealer made the suitability determination; and

	·	That the broker or dealer received a signed, written agreement from the investor prior to the transaction.

	·	contains a description of the nature and level of risks in the market for penny stocks in both public offerings and secondary trading;

	·	contains a description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of Securities’ laws; contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price;

	·	contains a toll-free telephone number for inquiries on disciplinary actions;

	·	defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and

	·	contains such other information and is in such form, including language, type, size and format, as the Commission shall require by rule or regulation.

	·	bid and offer quotations for the penny stock;

	·	the compensation of the broker-dealer and its salesperson in the transaction;

	·	the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the marker for such stock; and

	·	monthly account statements showing the market value of each penny stock held in the customer’s account.

Working Capital	$	74,000
Legal/Accounting		25,000
Inventory		100,000
Advertising and Marketing		150,000
General and administrative		10,000
Salaries and Customer Service		25,000
Telephone		1,000
Travel		15,000
Total Expenses	$	400,000

	Year Ended March 31, 2026			Year Ended March 31, 2025
Net Cash Provided by (Used in) Operating Activities	$	(42,909	)	$	(152,716	)
Net Cash Provided by (Used) in Investing Activities		–			–
Net Cash Provided by (Used in) Financing Activities		42,152			149,126
Net Increase (Decrease) in Cash	$	(757	)	$	(3,590	)

Report of Independent Registered Public Accounting Firm	F-1

Consolidated Balance Sheets	F-2

Consolidated Statements of Operations	F-3

Consolidated Statements of Stockholders Deficiency	F-4

Consolidated Statements of Cash Flows	F-5

Notes to Consolidated Financial Statements	F-6 - F-14


	March 31,			March 31,
	2026			2025
	(Audited)			(Audited)
	$			$
ASSETS
Current assets
Cash		101			858
Advances to suppliers		–			–
Accounts Receivable		–			8,067
Inventory		178,661			184,461
Prepayments and Other Receivables		–			–
Total current assets		178,762			193,386

Non-current assets
Equipment, net [Note 6]		1,738			2,374
Total assets		180,500			195,760

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities
Accounts payable		32,242			20,835
Accrued liabilities		–			8,834
Loan from shareholder		10,000			10,000
Shares to be issued		–			–
Advances from a related party [Note 7]		158,748			116,596
Total current liabilities		200,990			156,265

Stockholders’ deficiency
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, Nil preferred shares outstanding at March 31 2026 (March 31, 2025: Nil),		–			–
Common stock, $0.0001 par value, 500,000,000 shares authorized, 16,376,300 common shares outstanding as at March 31, 2026 (March 31, 2025 : 16,376,300) [Note 8]		1,638			1,638
Additional paid-in capital [Note 8]		752,402			752,402
Accumulated deficit		(774,530	)		(714,545	)
Total stockholders’ deficiency		(20,490	)		39,495
Total liabilities and stockholders’ deficiency		180,500			195,760


	For the			For the
	year ended			year ended
	March 31, 2026			March 31, 2025
	$			$
Sales		17,906			20,537
Cost of Goods Sold		4,154			8,625
Gross Profit		13,752			11,912
EXPENSES
Advertising & promotion		8,673			24,942
Consulting expenses		11,324			47,478
Legal & Professional Fee		27,020			59,574
General & Administrative Expenses		24,463			35,301
Depreciation [Note 6]		636			868
Total operating expenses		72,116			168,163
Net income/ (loss) from operations		(58,364	)		(156,251	)
Exchange Gain/(Loss)		(1,621	)		(3,760	)
Net income/(loss) from operations before income taxes		(59,985	)		(160,011	)
Income taxes		–			–
Net income/(loss) for the year		(59,985	)		(160,011	)

Loss per share, basic and diluted		(0.0037	)		(0.01	)

Weighted average number of common shares outstanding		16,376,300			15,693,599


					Additional					Total
	Common stock				paid-in		Accumulated			stockholders’
	Shares		Amount		capital		deficit			deficiency
			$		$		$			$
March 31, 2024		15,036,300		1,504		618,536		(554,534	)		65,506
Stock based Compensation		420,000		42		41,958		–			42,000
Proceeds from shares issued		920,000		92		91,908		–			92,000
Net loss		–		–		–		(160,011	)		(160,011	)
March 31, 2025		16,376,300		1,638		752,402		(714,545	)		39,495
Stock based Compensation		–		–		–		–			–
Proceeds from shares issued		–		–		–		–			–
Net loss		–		–		–		(59,985	)		(59,985	)
March 31, 2026		16,376,300		1,638		752,402		(774,530	)		(20,490	)

	·	identifying the contract(s) with a customer,

	·	identifying the performance obligations in the contract,

	·	determining the transaction price,

	·	allocating the transaction price to the performance obligations in the contract and

	·	recognizing revenue when the performance obligation is satisfied.

Furniture and fixtures		20% per annum - declining balance method
Computer		30% per annum - declining balance method

Schedule of equipment
	March 31, 2026		March 31, 2025
Cost
Opening		5,692		5,692
Addition		–		–
Disposal		–		–
Closing		5,692		5,692
Accumulated Depreciation
Opening		3,318		2,450
Depreciation		636		868
Closing		3,954		3,318
Net Book Value		1,738		2,374

Schedule of advances from related party
	March 31,		March 31,
	2026		2025
	$		$
Jordan Starkman		155,343		113,119
Lauren Bentley		3,405		3,477
TOTAL		158,748		116,596

Schedule of provision for income taxes
	For the			From
	year ended			year ended
	March 31, 2026			March 31, 2025
Loss before income tax		(59,985	)		(160,011	)
Expected Income tax recovery		(12,597	)		(33,602	)
Change in valuation allowance		12,597			33,602
Net Tax Income		–			–

Schedule of deferred tax assets
	March 31,			March 31,
	2026			2025
Non-capital loss carry forwards		162,651			150,054
Change in valuation allowance		(162,651	)		(150,054	)
Net Deferred Tax Asset		–			–

·	inadequate segregation of duties consistent with control objectives;

·	lack of independent Board of Directors and absence of Audit Committee to exercise oversight responsibility related to financial reporting and internal control;

·	lack of risk assessment procedures on internal controls to detect financial reporting risks in a timely manner; and

·	lack of documentation on policies and procedures that are critical to the accomplishment of financial reporting objectives.

·	identify gaps in our skills base and the expertise of our staff required to meet the financial reporting requirements of a public company;

·	continue to obtain sufficient resources to achieve adequate segregation of duties; and

·	continue to develop policies and procedures on internal control over financial reporting and monitor the effectiveness of operations on existing controls and procedures.

NAME	AGE	POSITION
Lauren Bentley	29	CEO and Chairman of the Board of Directors
Jordan Starkman	56	Chief Financial Officer and Director

Name and Principal Position	Year		Salary		Bonus		Stock Awards (1)			Option Awards		Non-Equity Incentive Plan Compensation		Non-Qualified Deferred Compensation Earnings		All Other Compensation		Totals
Lauren Bentley
President and Director		2025	$	7,321	$	0	$	(1	)	$	0	$	0	$	0	$	0	$	0
		2026	$	15,000	$	0	$	(1	)	$	0	$	0	$	0	$	0	$	0
Jordan Starkman, Director		2025	$	0	$	0	$	(2	)	$	0	$	0	$	0	$	0	$	0
		2026	$	0	$	0	$	(2	)	$	0	$	0	$	0	$	0	$	0

Title of Class	Name and Address of Beneficial Owner	Amount and Nature of Beneficial Owner			Percent of Class (1)

Common Stock	Lauren Bentley (2)		5,600,000	(2)		34.20%
	30 N. Gould St #4000, Sheridan, WY 82801

Common Stock	Jordan Starkman (3)		2,500,000	(3)		15.30%
	30 N Gould St #4000, Sheridan, WY 82801

Common Stock	Faiyaz Bux (1)		910,000	(1)		5.60%
	22 Oakworth Dr, Bolton, England, BL17BB

Common Stock	George Gallo (1)		1,070,000	(1)		6.53%
	12 Cadetta Rd #1, Brampton, Ontario, L4P0X4

Common Stock	All executive officers and directors as a group		8,100,000			49.50%