v3.26.1
Consolidated Balance Sheets
Mar. 31, 2026
USD ($)
Mar. 31, 2026
SGD ($)
Mar. 31, 2025
SGD ($)
Current assets      
Cash and cash equivalents $ 4,693,236 $ 6,054,617 $ 6,646,788
Accounts receivable, net 12,018,863 15,505,209 11,547,018
Inventories, net 6,289,002 8,113,271 7,578,048
Other receivables 763,206 984,591 645,462
Advance to supplier 2,359,304 3,043,674 800,000
Total current assets 26,671,369 34,408,009 27,454,127
Non-current assets      
Financial instrument 181,164 233,715 236,771
Loan receivables 1,868,778 2,410,860 5,180,380
Property, plant and equipment, net 5,817,949 7,505,578 6,399,557
Right-of-use assets – operating leases 3,151,260 4,065,355 4,420,627
Total non-current assets 11,019,151 14,215,508 16,237,335
Total assets 37,690,520 48,623,517 43,691,462
Current liabilities      
Bank loans, current portion 377,704 487,266 400,016
Finance lease liabilities, current portion 159,954 206,352 199,320
Accounts payable 6,869,355 8,861,968 7,571,503
Operating lease liabilities, current portion 1,173,033 1,513,298 1,298,058
Other payables 1,308,885 1,688,558 2,208,350
Provision for income taxes 663,864 856,433 454,005
Total current liabilities 10,552,795 13,613,875 12,131,252
Non-current liabilities:      
Bank loans, non-current portion 2,727,309 3,518,428 2,834,183
Finance lease liabilities, non-current portion 486,155 627,176 593,510
Operating lease liabilities, non-current portion 2,181,890 2,814,797 3,363,357
Deferred tax liabilities 1,121 1,446 1,446
Total non-current liabilities 5,396,475 6,961,847 6,792,496
Total liabilities 15,949,270 20,575,722 18,923,748
Commitments and contingencies (Note 20)
Shareholders’ equity      
Ordinary shares, US$0.0001 par value, authorized 500,000,000 shares, issued 14,500,000 and 14,500,000 shares outstanding as of March 31, 2025 and March 31, 2026, respectively [1] 1,533 1,978 1,978
Additional paid-in capital 8,823,222 11,382,600 11,382,600
Retained earnings 13,205,041 17,035,463 13,444,178
Accumulated other comprehensive losses (288,546) (372,246) (61,042)
Total shareholders’ equity 21,741,250 28,047,795 24,767,714
Total liabilities and shareholders’ equity 37,690,520 48,623,517 43,691,462
Related Party      
Current assets      
Advances to related parties $ 547,758 $ 706,647 $ 236,811
[1] Giving retroactive effect to the issuance of ordinary shares which are detailed in Note 16.