v3.26.1
Property and Equipment, net
 12 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net

6. Property and Equipment, net

 

Property and Equipment, stated at cost less accumulated depreciation, consisted of the following as of March 31:

  

       
   As of March 31 
   2026   2025 
   USD   USD 
         
Equipment - Machineries   102,006    102,006 
Less: accumulated depreciation   (100,905)   (95,573)
Equipment - Machineries, net   1,101    6,433 
           
Equipment – Motor vehicle   120,231    76,923 
Less: accumulated depreciation   (102,922)   (36,538)
Equipment - Motor vehicle, net   17,309    40,385 
           
Property   1,138,461    1,138,461 
Less: accumulated depreciation   (101,648)   (52,857)
Property, net   1,036,813    1,085,604 
           
Property and Equipment, net   1,055,223    1,132,422 

 

Depreciation expenses of property and equipment totaled USD77,199, USD82,425 and USD26,214 for the years ended March 31, 2026, 2025 and 2024, respectively.

 

During the years ended March 31, 2026, 2025 and 2024, no motor vehicle (2025: one motor vehicle with a net carrying amount of USD8,253) (2024: nil) was disposed, nil (2025: a gain of USD2,003) (2024: nil) was recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income.

 

During the years ended March 31, 2026, 2025 and 2024, one motor vehicle (2025: nil) (2024: nil) was transferred from ROU assets – finance leases with a cost of USD43,308 and accumulated depreciation of USD43,308.

 

As of March 31, 2026, the property was a security for granting general banking facility in the amount of USD524,428 (2025: USD544,881).