v3.26.1
SCHEDULE OF BREAKDOWN BALANCES DUE TO RELATED PARTIES (Details) - USD ($)
Mar. 31, 2026
Mar. 26, 2026
Jun. 30, 2025
Defined Benefit Plan Disclosure [Line Items]      
Amount due from a related party [1]   $ 100
Borneo Oil Corporation Sdn [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [2] 72,818   72,869
Borneo Oil Berhad [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [3] 3,007   3,007
Taipan International Limited [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [4] 119,153   119,153
Borneo Energy Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [3] 16,298   16,356
Victoria Capital Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [5] 6,202   5,913
Makin Teguh Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [3] $ 19,379 19,379 [3]
J Ambrose Partners [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [6] 64,981   75,904
SB Resorts Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [2] 6,946   6,622
SB Supplies Logistics Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [3] 4,837   4,612
Borneo Eco Food Sdn Bhd [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [3] 1,215   1,159
Related Party [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party 295,457   324,974
Director [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Advance of related party [7] $ 3,033   $ 209,640
[1] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[2] SB Resorts Sdn. Bhd. and BOC are wholly owned subsidiaries of BOB (holding 12.95% of the Company’s issued and outstanding common stock as of March 31, 2026). The advances are related to ordinary business transactions and bear no interest or collateral, repayable and renewable under normal business advancement terms.
[3] BOB is the ultimate holding company of Borneo Eco Food Sdn. Bhd., Borneo Energy Sdn. Bhd. and SB Supplies & Logistic Sdn. Bhd. and held 12.95% of the Company’s issued and outstanding common stock as of March 31, 2026. Makin Teguh Sdn Bhd is an associate of BOB. The advances are related to ordinary business transactions and bear no interest or collateral and are repayable on demand. On March 26, 2026, Makin Teguh Sdn Bhd entered into a debt release agreement with the Company, pursuant to which all outstanding obligations owed by the Company in the amount of $19,379 were fully extinguished.
[4] Taipan International Limited is one of the shareholders of the Company and held 7.74% of the Company’s issued and outstanding common stock as of March 31, 2026. The advances are related to ordinary business transactions and bear no interest or collateral and are repayable on demand.
[5] Victoria Capital Sdn. Bhd. is one of the shareholders of the Company and held 0.2% of the Company’s issued and outstanding common stock as of March 31, 2026. The advances are related to ordinary business transactions and bear no interest or collateral and are repayable on demand.
[6] J. Ambrose & Partners is controlled by J Ambrose who is one of the shareholders of the Company, and he held 1.535% of the Company’s issued and outstanding common stock as of March 31, 2026. Ambrose is also the managing director and a substantial shareholder of BOB. The advances are related to ordinary business transactions and bear no interest or collateral and are repayable on demand. On March 26, 2026, J. Ambrose & Partners entered into a debt release agreement with the Company, pursuant to which $11,219 owed by the Company was fully extinguished.
[7] This amount represent expenses incurred and paid by Jack Wong on behalf of the Company. The balance as of June 30, 2025 represented the remaining balance of the special bonus of $1.25 million to the Company’s Chairman and Chief Executive Officer Jack Wong, approved by the Board of the Company on December 9, 2024. On December 10, 2024, Mr. Wong entered into a Sale and Purchase Agreement to purchase the property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005 owned by Verde Renewables, for a current market value of $857,500. The Board also approved the option for this amount to be repaid through monthly installments deducted from the bonus over 26 pay cycles starting from January 2025. This transaction was structured as a sale and purchase agreement between the Company and Mr. Wong, with no cash exchange involved. The remaining balance of the bonus was allocated to cover any taxes associated with the bonus on behalf of Mr. Wong and was fully settled as of March 31, 2026.