UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 1-SA
SEMIANNUAL REPORT PURSUANT TO REGULATION A
For the fiscal semiannual period ended June 30, 2025
for
PRC Equity Fund I, LLC
A Nevada Limited Liability Company
Commission File Number: 024-12507
Contact Information:
PRC Equity Fund I, LLC701 Highlander Blvd., Suite 350
Arlington, Texas 76015
Phone: (682) 518-9416
| Item 1. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE PERIOD ENDING JUNE 30, 2024 |
The Company is recently formed and has not yet generated revenue.
The Manager has been devoting its efforts to establishing the Company’s business and the development of its projects is tentatively anticipated to begin Q4 of 2025. Due to start-up nature of the Company’s business, the reported financial information may not be indicative of future operating results or operating conditions.
There are a number of key factors that will potentially impact the Company’s operating results going forward, including the Company’s ability to raise capital.
Plan of Operations
The Company's plan of operations will entail directing approximately 100% of the net proceeds received through this Offering to identifying and purchasing a diverse portfolio of real estate assets and generating income streams from managing segments of the real property portfolio and realized capital appreciation after disposition of a real property asset.
Revenue/Net Loss from Operating Activities
For the period ended June 30, 2025, the net loss from operating activities for the Company totaled $59,385.27. For the same periods the Company's cash flows provided by financing activities totaled $8,990,794.15.
Operating Expenses
For the period ended June 30, 2025, the Company’s total operating expenses totaled $59,385.27. Because the Company has not yet commenced construction of its projects, the Company’s operating revenue for the period ending June 30, 2025 is $0.
Salaries and benefits
Salaries and benefits for the period June 30, 2025, remained at $0, as there are no paid employees currently.
Liquidity and Capital Resources
As of June 30, 2025, the Company had cash and total assets of $4,648.68.
Item 2. OTHER INFORMATION
There is no information required to be disclosed in a report on Form 1-U during the semiannual period covered by this Form 1-SA, but not reported.
Item 3. FINANCIAL STATEMENTS (UNAUDITED)
Interim Financial Statements
January 1, 2025 through June 30, 2025
Unaudited
| PRC EQUITY FUND I, LLC | ||||||||
| Balance Sheet | ||||||||
As of June 30, 2025 (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Bank Accounts | ||||||||
| Cash | 4,648.68 | |||||||
| Total for Bank Accounts | $ 4,648.68 | |||||||
| Accounts Receivable | ||||||||
| Other Current Assets | ||||||||
| Total for Current Assets | $ 4,648.68 | |||||||
| Fixed Assets | ||||||||
| Phase II Land and Development | 8,500,000.00 | |||||||
| Total for Fixed Assets | $ 8,500,000.00 | |||||||
| Other Assets | ||||||||
| Total for Assets | $ 8,504,648.68 | |||||||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | ||||||||
| Credit Cards | ||||||||
| Other Current Liabilities | ||||||||
| Expenses Paid by Pioneer | - 440,500.00 | |||||||
| Loan from Shareholder | 65,550.00 | |||||||
| Total for Other Current Liabilities | $- $ 374,950.00 | |||||||
| Total for Current Liabilities | - $ 374,950.00 | |||||||
| Long-term Liabilities | ||||||||
| Phase II Promissory Note | - 951,102.00 | |||||||
| Total for Long-term Liabilities | - $ 951,102.00 | |||||||
| Total for Liabilities | - $ 1,326,052.00 | |||||||
| Equity | ||||||||
Fund Investment |
135,559.10 | |||||||
| Opening Balance Equity | 8,504,630.15 | |||||||
| Shareholder Investment | 1,306,337.05 | |||||||
| Retained Earnings | - 56,440.35 | |||||||
| Net Income | -59,385.27 | |||||||
| Total for Equity | $ 9,830,700.68 | |||||||
| Total for Liabilities and Equity | $ 8,504,648.68 | |||||||
| PRC EQUITY FUND I, LLC | ||||||||
| Profit and Loss | ||||||||
For the period from January 1 through June 30, 2025 (unaudited) | ||||||||
| Income | - | |||||||
| Cost of Goods Sold | - | |||||||
| Gross Profit | - | |||||||
| Expenses | ||||||||
| Commissions & Fees | 10,000.00 | |||||||
| Dividend Disbursements | 7,811.00 | |||||||
| Fund Admin Fees | 350.00 | |||||||
| General Business Expenses | ||||||||
| Bank Fees & Service Charges | 34.87 | |||||||
| Total for General Business Expenses | $34.87 | |||||||
| Legal & Accounting Services | $ 3,605.00 | |||||||
| Legal Fees | $ 27,584.40 | |||||||
| Total for Legal & Accounting Services | $ 31,189.40 | |||||||
| Sales & Marketing | 10,000.00 | |||||||
| Total for Expenses | $ 59,385.27 | |||||||
| Net Operating Income | - $ 59,385.27 | |||||||
| Other Income | - | |||||||
| Other Expenses | - | |||||||
| Net Other Income | - | |||||||
| Net Income | - $59,385.27 | |||||||
| PRC EQUITY FUND I, LLC | ||||||||||
Statement
of Cash Flows
| ||||||||||
| OPERATING ACTIVITIES | ||||||||||
| Net Income | - 59,385.27 | |||||||||
| Adjustments to reconcile Net Income to Net Cash provided by operations | ||||||||||
| Expenses Paid by Pioneer | - 440,500.00 | |||||||||
| Loan from Shareholder | 7,800.00 | |||||||||
| Total for Adjustments to reconcile Net Income to Net Cash provided by operations | o- $ 432,700.00 | |||||||||
| Net Cash Provided by Operating Activities | - $ 492,085.27 | |||||||||
| INVESTING ACTIVITIES | ||||||||||
| Phase II Land and Development | - $ 8,500.000.00 | |||||||||
| Net Cash Provided by Investing Activities | - $ 8,500,000.00 | |||||||||
| FINANCING ACTIVITIES | ||||||||||
| Fund Investment | 135,559.10 | |||||||||
| Opening Balance Equity | 8,500,000.00 | |||||||||
| Phase II Promissory Note | - 951,102.00 | |||||||||
| Shareholder Investment | 1,306,337.05 | |||||||||
| Net Cash Provided by Financing Activities | $ 8,990,794.15 | |||||||||
| NET CASH INCREASE FOR PERIOD | - $ 1,291.12 | |||||||||
| Cash at Beginning of Period | $ 5,939.80 | |||||||||
| CASH AT END OF PERIOD | $ 4,648.68 | |||||||||
SIGNATURE PAGE
Pursuant to the requirements of Regulation A, the Issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PRC Equity Fund I, LLC
701 Highlander Blvd., Suite 350
Arlington, Texas 76015
By: PRC, Incorporated, Manager
Name: Charles Williams
Title: CEO
Date: October 3, 2025
Location signed: Arlington, Texas
This Offering Statement has been signed by the following principals in the capacities and on the dates indicated:
/s/Charles Williams
Charles Williams, CEO of the Manager of the Company
Date: October 3, 2025
Location Signed: Arlington, Texas
/s/ Quinneckia Holden
Quinneckia Holden, Controller of the Manager of the Company, and principal accounting officer
Date: October 3, 2025
Location Signed: Arlington, Texas