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NOTE 1 – ORGANIZATION AND OPERATIONS Jubilant Flame International, Ltd. (the “Company”) was formed on September 29, 2009 under the name Liberty Vision, Inc. The Company provided web development and marketing services for clients. On August 18, 2015, the Company changed its name to Jubilant Flame International, Ltd. From the fourth quarter of the fiscal year ended February 28, 2018, the Company started to market and sell cosmetics products imported from Asia -Acropass Series products – in the United States market. The Company purchased the inventory from a related party company in China. The Company contracted with a third party to operate the online shopping platform and marketing campaign in the United States until January 2020 when it ceased this business. From the third quarter of the year ended February 29, 2020, the Company began its new business line of providing technical support services for the development of new nutrition food products to sell to customers in the USA. However, this new business line remained pre-revenue throughout August 31, 2026, and revenue recognition was Nil for the quarter ended at August 31, 2026.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Interim Financial Information Interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position as of August 31, 2026, results of operations, changes in stockholders’ equity (deficit) and cash flows for the six-month periods ended August 31, 2026 and 2025, as applicable, have been made. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Form 10-K. Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s significant estimates include income tax provisions and valuation allowances of deferred tax assets; the fair value of financial instruments and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Net Loss Per Common Share Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore is not included in the calculation. Reverse Stock Split On August 20, 2026, the Company's board of directors approved a 1-for-100 reverse stock split of the Company's common stock, par value $0.001 per share (the "Reverse Stock Split"). On the same date, shareholders holding a majority of the issued and outstanding shares of common stock entitled to vote approved the Reverse Stock Split by written consent in lieu of a special meeting. No fractional shares were issued in connection with the Reverse Stock Split; shareholders who would otherwise have been entitled to a fractional share received one full share. The Reverse Stock Split became effective on September 9, 2026, when the Company's common stock began trading on a split-adjusted basis under the existing ticker symbol "JFIL."As a result of the Reverse Stock Split, the number of issued and outstanding shares of common stock was reduced from 19,985,708 shares to 199,867 shares. The par value per share and the number of authorized shares were not changed. All share and per-share amounts in the accompanying financial statements and notes have been retroactively adjusted for all periods presented to reflect the Reverse Stock Split.

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) as promulgated in Item 210 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of financial position as of August 31, 2026, results of operations, changes in stockholders’ equity (deficit) and cash flows for the six-month periods ended August 31, 2026 and 2025, as applicable, have been made. The results for these interim periods are not necessarily indicative of the results for the entire year. The accompanying financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Form 10-K.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s significant estimates include income tax provisions and valuation allowances of deferred tax assets; the fair value of financial instruments and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore is not included in the calculation.

On August 20, 2026, the Company's board of directors approved a 1-for-100 reverse stock split of the Company's common stock, par value $0.001 per share (the "Reverse Stock Split"). On the same date, shareholders holding a majority of the issued and outstanding shares of common stock entitled to vote approved the Reverse Stock Split by written consent in lieu of a special meeting. No fractional shares were issued in connection with the Reverse Stock Split; shareholders who would otherwise have been entitled to a fractional share received one full share. The Reverse Stock Split became effective on September 9, 2026, when the Company's common stock began trading on a split-adjusted basis under the existing ticker symbol "JFIL."As a result of the Reverse Stock Split, the number of issued and outstanding shares of common stock was reduced from 19,985,708 shares to 199,867 shares. The par value per share and the number of authorized shares were not changed. All share and per-share amounts in the accompanying financial statements and notes have been retroactively adjusted for all periods presented to reflect the Reverse Stock Split.

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NOTE 3 – GOING CONCERN The financial statements have been prepared on a going-concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. As of August 31, 2026, the Company had current assets of $5,665, and current liabilities total $1,470,765 resulting in a working capital deficit of $1,465,100. The Company currently only has small scale operation activities and has an accumulated deficit of $3,954,131 as of August 31, 2026. This raises substantial doubt about the Company’s ability to continue as a going concern. The Company may obtain loans from related parties, raise additional capital through the sale of its equity securities, through an offering of debt securities, or through borrowings from financial institutions. Additionally, management intends to negotiate extended credit periods with creditors. Management believes that actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern. There is no guarantee the Company will be successful in achieving these objectives. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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NOTE 4 – PREPAID EXPENSE The Company is paying an annual fee for its OTC Markets service. The service period is from December 1, 2025 to November 30, 2026. The service charge is recorded as a prepaid expense and amortized using straight line amortization over the service period. The prepaid expense balance is $4,005 as of August 31, 2026 compared to $12,015 as of February 28, 2026.

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NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it must rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its common stock or traditional debt financing. There is no formal written commitment for continued support by shareholders. The advances are considered temporary in nature and have not been formalized by a promissory note. The Company had an outstanding loan of $845,616 and $ 815,635 due to its CEO, Ms. Yan Li as of August 31, 2026, and February 28, 2026, respectively. The loans are non-interest bearing, due upon demand and unsecured. Wang LSC Consulting LLC, which is owned by the CFO is providing accounting service to the Company at an annual service fee of $19,000. The expenses incurred for the three months ended August 31, 2026 are $4,000. From November 2017, the Company started to purchase cosmetic products from two related parties controlled by our CEO. The Company purchased a total of $47,643 of inventory from two related parties which was sold during the year ended February 29, 2020, the accounts payable balance of which remained outstanding as of August 31, 2026 and February 28, 2026.

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47643 NOTE 6 – ACCRUED OFFICER COMPENSATION On December 15, 2015, the Company entered into an employment agreement with its CEO, Ms. Yan Li. The agreement was retroactively effective as of December 4, 2015, for a term of 36 months (measured from December 4, 2015). Pursuant to the agreement, Ms. Yan Li was entitled to an annual salary of $100,500 and 1,000 shares (100,000 shares prior to the reverse stock split) of the Company’s common stock. The granted compensation shares were fully issued by the fiscal year ended at February 28, 2019. Due to the Company’s lack of active operations, no cash compensation was paid nor were any shares issued to Ms. Yan Li during the first quarter ended August 31, 2026. As of August 31, 2026, accrued officer compensation payable to the CEO remained unchanged at $535,500, representing obligations previously incurred by the fiscal year ended at February 28, 2019 that remain unsettled. 36 months Ms. Yan Li was entitled to an annual salary of $100,500 and 1,000 shares (100,000 shares prior to the reverse stock split) of the Company’s common stock

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NOTE 7 – INCOME TAXES For the three and six months ended August 31, 2026 and 2025, the Company recorded no provision or benefit for income taxes as it incurred operating losses and continues to maintain a full valuation allowance against its net deferred tax assets.

NOTE 8 – SEGMENT REPORTING The Company operates as one operating and reportable segment, and its sole business activity consists of eCommerce sales revenue. Our Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”), uses net income (loss) to measure segment profit or loss and assesses performance against expectations to make resource allocation decisions. Additionally, the CODM reviews and uses functional expenses included in net income (loss) to manage the Company's operations and assess operating profitability. The Company operates as one operating and reportable segment, and as such the significant expenses regularly provided to the CODM are those presented on the statements of operations. These significant segment expenses include selling, general and administrative expenses. Other segment items that are presented on the statements of operations include provision for income tax.

NOTE 9 – SUBSEQUENT EVENTS In accordance with ASC 855-10 “Subsequent Events”, the Company has analyzed its operations subsequent to August 31, 2026, through October 14, 2026, which the financial statements were available to be issued. Management of the Company determined that there were no reportable events that occurred during that subsequent period to be disclosed or recorded except the following.