The Group capitalize costs incurred to fulfil contracts as contract fulfilment costs in consolidated statements of financial position. Contract fulfilment costs were HK$324,521 as of March 31, 2026. (2025: HK$662,929). Contract fulfilment costs are amortized to cost on the construction starting date. The amount of amortization of contract fulfilment costs of HK$662,929 were recognized as “cost of revenue” for the year ended March 31, 2026. (2025:Nil)

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)