Right-of-Use Assets and Lease Liabilities

12 Months Ended

Mar. 31, 2026

Right-of-Use Assets and Lease Liabilities [Abstract]

Right-of-use assets and lease liabilities

5. Right-of-use assets and lease liabilities

(a)

Right-of-use assets

The Company has entered into leases of office premises, which are used for the Company’s operations. Leases of buildings have lease terms of three years.

		2026				2025
		US$				US$
Office premises
Cost:
At beginning of year			347,020				256,898
Addition during the year			616,820				345,871
Early termination of lease			(347,019	)			(257,928	)
Exchange realignment			(2,401	)			2,179
At end of year			614,420				347,020

Accumulated depreciation:
At beginning of year			159,051				221,213
Early termination of lease			(244,908	)			(222,100	)
Depreciation for the year			240,643				158,800
Exchange realignment			(1,181	)			1,138
At end of year			153,605				159,051

Net carrying amount			460,815				187,969

(b)

Lease liabilities

Set out below are the carrying amounts of lease liabilities and the movements during the years:

		2026				2025
		US$				US$
At beginning of year			212,689				40,245
Additions to lease liabilities			616,820				345,871
Early termination of lease			(118,047	)			(40,407	)
Interest charged			17,777				7,702
Payment made			(189,802	)			(141,821	)
Exchange realignment			(2,874	)			1,099
At end of year			536,563				212,689

Represented by:

		2026				2025
		US$				US$
Current liabilities			353,221				189,821
Non-current liabilities			183,342				22,868
Total			536,563				212,689

The effective interest rate applied to the lease liabilities recognized in the statement of financial position was 5.13% per annum (2025: 3.00% per annum).

Reconciliation of liabilities arising from financing activities

		Lease liabilities
		US$
Balance as of April 1, 2024			40,245
Changes from financing cash flow
Lease payment			(141,821	)
Interest paid			7,702
Total changes from financing cash flow			(134,119	)
Other changes
Addition to lease liabilities			345,871
Early termination of a lease			(40,407	)
Exchange realignments			1,099
Total other changes			306,563
Balance as of March 31, 2025			212,689
Changes from financing cash flow
Lease payment			(189,802	)
Interest paid			17,777
Total changes from financing cash flow			(172,025	)
Other changes
Addition to lease liabilities			616,820
Early termination of a lease			(118,047	)
Exchange realignments			(2,874	)
Total other changes			495,899
Balance as of March 31, 2026			536,563

The maturity analysis of the Company’s non-cancellable lease obligations as of March 31, 2026 is as follows:

		Lease liabilities
		USD
Year ending March 31, 2027		$	372,059
Year ending March 31, 2028			186,030
Total undiscounted lease obligations			558,089
Less: imputed interest			(21,526	)
Lease liabilities recognized in the consolidated statement of financial position		$	536,563

Company’s non-cancellable lease obligations as of March 31, 2025 is as follows:

		Lease liabilities
		USD
Year ending March 31, 2026		$	193,555
Year ending March 31, 2027			22,961
Total undiscounted lease obligations			216,516
Less: imputed interest			(3,827	)
Lease liabilities recognized in the consolidated statement of financial position		$	212,689