v3.26.1
Financial Risk Management (Tables)
 12 Months Ended
Mar. 31, 2026
Financial Risk Management [Abstract]  
Schedule of Group’s Current Credit Risk Grading Framework

The Company’s current credit risk grading framework comprises the following categories:

 

Category   Definition of category   Basis for recognizing ECL
I   Counterparty has a low risk of default and does not have any past-due amounts.   12-month ECL
         
II   Amount is >30 days past due or there has been a significant increase in credit risk since initial recognition.   Lifetime ECL – not credit impaired
         
III   Amount is >60 days past due or there is evidence indicating the asset is credit-impaired (in default).   Lifetime ECL – credit-impaired
         
IV   There is evidence indicating that the debtor is in severe financial difficulty and the debtor has no realistic prospect of recovery.   Amount is written off
Schedule of Credit Quality of the Group’s Financial Assets

The table below details the credit quality of the Company’s financial assets, as well as maximum exposure to credit risk by credit risk rating categories:

 

   Category  12-month or
lifetime ECL		  Gross
carrying
amount		   Loss
allowance		   Net
carrying
amount		 
         US$   US$   US$ 
March 31, 2026                  
Trade receivables  III
Note 1		  Life time ECL (Simplified)   1,810,275    (37,773)   1,772,502 
Other receivables (exclude prepayments and VAT refundable)  I
Note 2		  12-month ECL   74,702    —    74,702 
Amounts due from related parties, net  I
Note 4		  12-month ECL   72,033    —    72,033 
               (37,773)     
March 31, 2025                     
Trade receivables  III
Note 1		  Life time ECL (Simplified)   1,199,983    (10,079)   1,189,904 
Other receivables (exclude prepayments and VAT refundable)  I
Note 2		  12-month ECL   71,031    —    71,031 
Amounts due from related parties, net  I
Note 4		  12-month ECL   1,053,708    —    1,053,708 
Loans to related parties, net  I
Note 4		  12-month ECL   4,291,215    —    4,291,215 
               (10,079)     
Schedule of Credit Risk Profile of Trade Receivables Accordingly, the credit risk profile of trade receivables is presented based on their past due status in terms of the provision matrix.
   Trade
receivables		   ECL   Trade
receivables,
net		 
   US$   US$   US$ 
March 31, 2026               
Not past due   1,810,275    (37,773)   1,772,502 
< 30 days   —    —    — 
31 days to 60 days   —    —    — 
61 days to 90 days   —    —    — 
    1,810,275    (37,773)   1,772,502 

 

   Trade
receivables		   ECL   Trade
receivables,
net		 
   US$   US$   US$ 
March 31, 2025               
Not past due   963,793    (8,096)   955,697 
< 30 days   141,108    (1,185)   139,923 
31 days to 60 days   92,415    (776)   91,639 
61 days to 90 days   2,667    (22)   2,645 
    1,199,983    (10,079)   1,189,904 
Schedule of Group’s Revenue and Trade Receivable

The following table sets forth a summary of single customers who represent 10% or more of the Company’s revenue:

 

   March 31,
2024		   March 31,
2025		   March 31,
2026		 
   US$   US$   US$ 
Customer A   12,357,295    13,720,235    12,709,652 
Customer B   1,333,936    1,900,521    2,650,143 
Customer C   —    —    1,768,272 
    13,691,231    15,620,756    17,128,067 

 

The following table sets forth a summary of single customers who represent 10% or more of the Company’s trade receivable as at reporting period:

 

   March 31,
2025		   March 31,
2026		 
   US$   US$ 
Customer A   1,040,765    1,787,921 
Customer B   159,218    22,354 
    1,199,983    1,810,275 
Schedule of Maturity for Non-Derivative Financial Liabilities The following table details the remaining contractual maturity for non-derivative financial liabilities.
   On demand
or within
1 year		   Within
2 to 5 years		   Total 
   US$   US$   US$ 
March 31, 2026            
Trade and other payables (exclude advance payment from customers)   2,826,354    —    2,826,354 
Lease liabilities   87,632    —    87,632 
Borrowings   —    —    — 
Total   2,913,986    —    2,913,986 
                
March 31, 2025               
Trade and other payables (exclude advance payment from customers)   4,252,009    —    4,252,009 
Lease liabilities   91,476    91,476    182,952 
Borrowings   5,194,178    —    5,194,178 
Total   9,537,663    91,476    9,629,139 
Schedule of Exposure to Foreign Currency Risk

At the end of each reporting period, the Company’s exposure to foreign currency risk is as follows:

 

   March 31, 2025   March 31, 2026 
   HKD   RMB   KHR   HKD   RMB   KHR 
   US$   US$   US$   US$   US$   US$ 
Financial assets                        
Trade and other receivables   —    —    193,337    —    —    136,332 
Cash and cash equivalents   426    32    —    2,337,600    —    181,888 
                               
Financial liabilities                              
Trade and other payables   (850,436)   (65,328)   (27,408)   (607,800)   (65,042)   (30,338)
Borrowings   (1,961,969)   —    —    —    —    — 
Net exposure   (2,811,979)   (65,296)   165,929    1,729,800    (65,042)   287,882 
Schedule of Foreign Currencies Denominated Balances as at the Reporting Date Would Increase/(Decrease) Profit or Loss

The weakening of US$ against the foreign currencies denominated balances as at the reporting date would increase/(decrease) profit or loss by the amounts shown below. The analysis assumes that all other variables remain constant.

 

   Profit or loss (after tax) 
   March 31,
2025		   March 31,
2026		 
   US$   US$ 
HKD strengthening 5% (2025: 5%)   (140,599)   86,490 
RMB strengthening 5% (2025: 5%)   (3,265)   (3,252)
KHR strengthening 5% (2025: 5%)   8,296    14,394