v3.26.3
Condensed Consolidated Statement of Financial Position (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Non-current assets    
Property, plant and equipment, net $ 350,723 $ 449,589
Right-of-use assets, net 66,217 85,134
Total non-current assets 416,940 534,723
Current assets    
Inventories 749,621 2,484,290
Prepayments 4,060,488 5,168,362
Trade and other receivables, net 2,771,445 4,256,030
Prepaid income tax 72,970 74,972
Restricted bank deposits 246,428 253,188
Cash and bank balances 193,156 966,807
Asset classified as held for sale 640,000
Total current assets 8,094,108 13,843,649
Total assets 8,511,048 14,378,372
Current liabilities    
Trade and other payables 2,058,683 3,955,210
Contract liabilities 47,983 258,096
Bank borrowings 3,527,965 5,622,926
Other borrowings 412,698 356,431
Amounts due to an ultimate beneficial shareholder 473,260 310,696
Lease liabilities 32,927 40,057
Income tax payable 8,474 10,385
Total current liabilities 6,561,990 10,553,801
Net current assets 1,532,118 3,289,848
Non-current liabilities    
Other borrowings 77,152
Lease liabilities 40,311 53,720
Total non-current liabilities 117,463 53,720
Total liabilities 6,679,453 10,607,521
Capital and reserves    
Share capital 132,425 132,425
Capital reserves 30,053,810 30,052,790
Accumulated comprehensive losses (28,353,626) (26,414,364)
Equity attributable to owners of the Company 1,832,609 3,770,851
Non-controlling interest (1,014)
Total equity 1,831,595 3,770,851
Total liabilities and equity $ 8,511,048 $ 14,378,372