PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Mar. 31, 2026

Notes and other explanatory information [abstract]

12.	PROPERTY, PLANT AND EQUIPMENT

	Office equipment		Computer		Property	Machinery and Equipment- truck		Machinery and Equipment- System		Total
	HK$		HK$		HK$	HK$		HK$		HK$
COST
At March 31, 2024		169,958		20,995	-		63,000		33,181,644		33,435,597
Additions		-		6,898	-		-		-		6,898

At March 31, 2025		169,958		27,893	-		63,000		33,181,644		33,442,495
Additions		19,129		12,778	9,820,100		-		-		9,852,007

At March 31, 2026		189,087		40,671	9,820,100		63,000		33,181,644		43,294,502
Cost of property, plant and equipment		189,087		40,671	9,820,100		63,000		33,181,644		43,294,502

DEPRECIATION
At March 31, 2024		78,602		2,700	-		54,600		15,333,568		15,469,470
Provided for the year		33,992		4,888	-		8,400		3,420,335		3,467,615

At March 31, 2025		112,594		7,588	-		63,000		18,753,903		18,937,085
Provided for the year		32,625		7,980	64,659		-		3,421,001		3,526,265

At March 31, 2026		145,219		15,568	64,659		63,000		22,174,904		22,463,350
Depreciation of property, plant and equipment		145,219		15,568	64,659		63,000		22,174,904		22,463,350
CARRYING VALUES
At March 31, 2026		43,868		25,103	9,755,441		-		11,006,740		20,831,152

At March 31, 2025		57,364		20,305	-		-		14,427,741		14,505,410

At March 31, 2024		91,356		18,295	-		8,400		17,848,076		17,966,127
Carrying value of property, plant and equipment		91,356		18,295	-		8,400		17,848,076		17,966,127

Basis of Valuation and Classification of Properties

When the ownership interests of properties include both leasehold land and building elements, the entire consideration is allocated between the leasehold and the building elements in proportion to the relative fair values at initial recognition. When the consideration cannot be allocated reliably between non-lease building element and undivided interest in the underlying leasehold land, the entire properties are classified as property, plant and equipment.

Impairment assessment of property, plant and equipment

For the year ended March 31, 2026, the Group has performed impairment assessment on property, plant and equipment with carrying amounts of HK$11,011,052, due to the Group was loss making during the year.

The recoverable amounts of the cash-generating units (“CGU”) have been determined based on their value in use. That calculation uses cash flow projections based on financial budgets approved by the management of the respective subsidiary covering the following 3 years with a pre-tax discount rate is 15.0% as at March 31, 2026. The Company estimates that the annual revenue for this CGU from 2027 to 2029 will be HK$5,400,000, which is based on the future business plan. Another key assumption for the value in use calculated is the budgeted gross margin, which is determined based on the cash-generating units’ past performance and management expectations.

Based on the value-in-use calculation, no impairment loss has been recognized against the carrying amounts of property, plant and equipment for the years ended March 31, 2026, 2025 and 2024.

The impairment assessment of property classified as property, plant and equipment was evaluated by the fair value less cost to sell method. With reference to the recent market transactions of similar properties, no impairment loss has been recognized against the carrying amounts of property for the year ended March 31, 2026.

GREEN CIRCLE DECARBONIZE TECHNOLOGY LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED MARCH 31, 2026, 2025 AND 2024

(Expressed in Hong Kong Dollars)