Leases

12 Months Ended

Mar. 31, 2026

6. Leases

The financed lease asset is included in plant and equipment, net. The following table shows finance lease liabilities, ROU assets — operating lease, operating lease liabilities, and the associated financial statement line items as of March 31:

	2026		2025
	As of March 31,
	2026		2025
	USD		USD
Assets
Right-of-use assets – operating lease, net		51,518		5,894
		51,518		5,894
Liabilities
Finance lease liabilities, current		5,334		5,334
Finance lease liabilities, non-current		8,443		13,777
Weighted average remaining lease term (in years)		2.6		3.6
Weighted average discount rate (%)		4.0		4.0

Operating lease liabilities, current		22,357		5,943
Operating lease liabilities, non-current		29,161		-
Weighted average remaining lease term (in years)		2.3		0.3
Weighted average discount rate (%)		3.9		3.9

Information relating to financing and operating lease activities during the years ended March 31, 2026, 2025 and 2024 are as follows:

	2026		2025		2024
	For the years ended March 31,
	2026		2025		2024
	USD		USD		USD
Finance leases:
Depreciation of assets		5,128		5,128		6,232
Interest of finance lease liabilities		800		800		820
Total lease expenses		5,928		5,928		7,052

Operating lease:
Operating lease cost – straight line		22,116		23,020		22,160

Cash outflows related to finance leases:
Financing cash outflows – principal paid		5,334		5,334		33,910
Financing cash outflows – interests paid		800		800		820
		6,134		6,134		34,730

Cash outflows related to operating lease:
Operating cash outflows – rental paid		23,846		23,846		23,846

PHOENIX ASIA HOLDINGS Limited and its subsidiaries
Notes to Consolidated Financial Statements

6. Leases (cont.)

Finance lease contracts are entered into for fixed term of 48-60 months, Lease terms are negotiated on an individual basis and contain different terms and conditions.

The Company has an operating lease for office space with lease terms of two years.

Maturities of lease payments under finance lease liabilities were as follows:

	2026			2025
	As of March 31,
	2026			2025
	USD			USD
Year ending March 31,
2026		-			6,134
2027		6,134			6,134
2028		6,134			6,134
2029		3,066			3,066
Total undiscounted finance lease payments		15,334			21,468
Less: imputed interest		(1,557	)		(2,357	)
Finance lease liabilities recognized in the Consolidated Balance Sheet		13,777			19,111

Maturities of lease payments under operating lease liabilities were as follows:

	2026			2025
	As of March 31,
	2026			2025
	USD			USD
Year ending March 31,
2026		-			5,962
2027		23,846			-
2028		23,846			-
2029		5,962			-
Total undiscounted operating lease payments		53,654			5,962
Less: imputed interest		(2,136	)		(19	)
Operating lease liabilities recognized in the Consolidated Balance Sheet		51,518			5,943

PHOENIX ASIA HOLDINGS Limited and its subsidiaries
Notes to Consolidated Financial Statements