Financial Analysis

NOTE 13 COMMITMENTS AND CONTINGENCIES As of March 31, 2026, the Company has no material commitments or contingencies. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 AMOUNTS DUE FROM (TO) RELATED PARTIES Schedule of related party balances As of March 31, 2026 March 31, 2025 Due from shareholder $ 871 $ 871 Due from related parties 26,663 38,565 $ 27,534 $ 39,436 Due to directors $ 50,000 $ 50,000 Due to related parties 483,521 292,247 $ 533,521 $ 342,247 The amounts due from the Companys shareholder and related parties represented temporary advances, which are unsecured, interest-free and expected to be settled in the next twelve months. The amounts due to the Companys directors and related parties represented temporary advances made to the Company, which are unsecured, interest-free and have no fixed terms of repayment. The promissory note (Note) is related to trade payable arising from the purchase of 35 items of collectibles, which were received by the Company in August 2025. The Note is payable within 180 days from the date of delivery of the collectible items to the Company. The Company has a right to convert into the Companys common stock by serving a conversion notice to the Note holder within 10 business days. The conversion price is determined based on the average closing price of the Companys common stock over 10 trading days preceding the conversion notice. On December 31, 2025, the Company rescinded the Note with the Note holders. …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 10 INCOME TAX For the years ended March 31, 2026 and 2025, the local (United States of America) and foreign components of (loss) income before income taxes were comprised of the following: Schedule of income before income tax, domestic and foreign Years ended March 31, 2026 2025 Tax jurisdiction from: - Local $ (203,026 ) $ (129,172 ) - Foreign, including British Virgin Islands (1,951,496 ) 2,110,959 Hong Kong (29,657 ) (33,695 ) (Loss) income before income taxes $ (2,184,179 ) $ 1,948,092 United States of America King Resources, Inc.is registered in the State of Delaware and is subject to tax laws of the United States of America. The U.S. corporate income tax rate is 21% effective January 1, 2018. The Companys policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued for interest or penalties as they were not material to its results of operations for the years presented. As of March 31, 2026, the operations in the United States of America incurred $ 2,233,200 of cumulative net operating losses which can be carried forward indefinitely to offset future taxable income. The Company has provided for a full valuation allowance against the deferred tax assets of $ 468,971 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. BVI Under the current BVI law, th …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recent accounting pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standard Board (FASB) or other standard setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its financial position or results of operations upon adoption. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and believe the future adoption of any such pronouncements may not be expected to cause a material impact on its financial condition or the results of its operations. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 11 RELATED PARTY TRANSACTIONS From time to time, the Companys related companies and director advanced working capital funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and is repayable on demand. For the years ended March 31, 2026 and 2025, the Company outsourced and incurred technical consultancy services of $ 34,560 and $ 46,152 respectively from a related company which is related to a shareholder. For the years ended March 31, 2026 and 2025, the Company paid management fees of $ 30,720 and $ 0 respectively to a related company which is related to a shareholder. For the years ended March 31, 2026 and 2025, the Company earned technical consultancy services income of $ 57,600 and $ 76,921 respectively to a related company which is related to a shareholder. For the years ended March 31, 2026 and 2025, the Company incurred consulting fee expenses of $ 0 and $ 134,000 respectively to a director Mrs. Wong Nga Yin Polin. As at March 31, 2026 and 2025, the balances payable to Wong Nga Yin Polin was $ 0 and $ 0 , respectively. Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the years presented. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 4 BUSINESS SEGMENT During the years ended March 31, 2026 and 2025, the Company managed and operated its business into two reportable business segments: Art and collectibles segment Provision of sales of art and collectibles Technical consultancy segment Provision of technical consultancy services The CODM assesses segment financial performance by reviewing segment revenue and segment operating income. The CODM will make decisions to allocate resources based on the review of monthly, quarterly, and annual financial information categorized by segment. The financial information is presented to the CODM using actual-to-actual results and budget-to-actual results. The CODM evaluates performance and allocates resources to the segments, based on operating results. Adjustments to reconcile segment results with consolidated results are included in the caption Corporate, which primarily includes unallocated corporate activity. Summarized below is the information about the Companys operating results by reporting segments for the years: Schedule of reporting segments Years ended March 31, Art and collectibles segment Technical consultancy services segment Corporate Consolidated 2026 2025 2026 2025 2026 2025 2026 2025 Revenues, net $ 773,062 $ $ 57,600 $ 76,921 $ $ $ 830,662 $ 76,921 Cost of revenues (691,512 ) (34,560 ) (46,152 ) (726,072 ) (46,152 ) Gross profit 81,550 23,040 30,769 104,590 30,769 Operating expenses Amortization (1,488 ) (4,308 ) (2,254 ) (1,488 ) (6,562 ) Deprecia …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. Basis of presentation These accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP). Use of estimates and assumptions In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. If actual results significantly differ from the Companys estimates, the Companys financial condition and results of operations could be materially impacted. Significant estimates in the period include the valuation and useful lives of intangible assets, allowance for expected credit losses and valuation allowance of deferred tax assets. Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. Segment reporting Under ASC 280, Segment Reporting , establishes standards for reporting information about operating segments on a basis consi …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 8 STOCKHOLDERS DEFICIT The Company is authorized to issue two classes of capital stock, up to 36,100,000,000 shares. Preferred Stock The Company is authorized to issue 100,000,000 shares of preferred stock, with a par value of $0.0001. The Company has one class of Preferred Stock designated with 50,000,000 shares authorized as Series C Preferred Stock, with a par value of $ 0.001 per share. Each one share of Series C Convertible Preferred Stock converts into 100 shares of common stock of the Company at the election of the holder, subject to equitable adjustments. As of March 31, 2026 and 2025, the Company had 30,000,000 shares of Series C Preferred Stock issued and outstanding. Common Stock The Company is authorized to issue 36,000,000,000 shares of common stock, with a par value of $ 0.0001 . On July 15, 2025 and October 8, 2025, the Company issued 1,400,000 and 74,940,616 shares of its common stock for settlement of inventory purchases. On July 15, 2025, December 16, 2025 and December 26, 2025, the Company issued 1,333,333 , 8,000,000 and 2,000,000 shares of its common stock to settle the consulting and service fee to consultants who provided the services to the Company, respectively. On September 9, 2025, the Company effectuated a reverse split of its common shares at a ratio of 1-for-10,000. All share and per share amounts have been retroactively adjusted to reflect the reverse split for all years presented. Such number of additional shares of common stock so that ea …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 14 SUBSEQUENT EVENTS In accordance with ASC Topic 855, Subsequent Events , which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before consolidated financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2026, up through the date the Company issued the audited consolidated financial statements. There were no material recognizable subsequent events since March 31, 2026. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing