Trade Receivables Contract Assets Other Receivables Deposits And Prepayment

SCHEDULE OF ANALYSIS OF TRADE RECEIVABLES

An aging analysis of the trade receivables at the end of the reporting period, based on the invoice date and net of loss allowance, is as follows:

	September 30, 2025		March 31, 2025
	USD		USD
	(Unaudited)		(Audited)
Less than 1 month		1,866,294		1,219,953
Between 1 month and 3 months		21,500		158,350
Over 3 months		607,508		16,242
Trade receivables, net		2,495,302		1,394,545

SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

	Notes	September 30, 2025		March 31, 2025
			USD		USD
			(Unaudited)		(Audited)
Current:
Deposits	(a)		57,285		63,914
Prepayments	(b)		245,811		351,791
Deferred fund-raising costs	(c)		800,000		650,000
Loans to Matter DK ApS	(d)		764,141		-
Advance to Resulticks Group Companies Pte Ltd	(e)		8,206,301		-
Other receivables			283		486
			10,073,821		1,066,191
Non-current:
Deposit	(a)		59,247		45,463

(a)	Current deposits represent amounts paid to an employment agency in Germany and deposit for investor relations services.

	Non-current deposit of $59,247 (March 31, 2025: $45,463) represents the deposits for leases of office space in Monaco and the UK.

(b)	Prepayments consist of the advance payment of the Directors and Officers liability insurance premium, covering the 12 months period from January 2025, and prepaid software or license subscriptions. The decrease is primarily due to amortization of these items during the six months period ended September 30, 2025.

(c)	As of March 31, 2025, deferred fund-raising costs represent payments of $400,000 and $250,000 under the Nomas MOU (as defined in note 24) and the Al Noor MOU (as defined in note 24), respectively. The increase during the six months ended September 30, 2025 is due to an additional payment of $150,000 under the Al Noor MOU in June 2025.

(d)	The balance represents the loans to Matter DK ApS with a total amount of EUR650,000 (equivalent to $759,004) and the accrued interest of $5,137. The loan principal accrues interest at a rate of 5% per annum.

	The Company completed the acquisition of Matter DK ApS on October 3, 2025 (see note 25).

(e)	On June 23, 2025, the Company entered into a funding agreement (“FA”) with Resulticks Group Companies Pte Ltd (“Resulticks”), under which the Company agreed to provide Resulticks with funding of up to $11,000,000, to be disbursed in tranches as mutually agreed, with funding intended to be completed by July 11, 2025, and to be offset against the proposed $200 million post-acquisition funding, if the proposed acquisition proceeds.

	In the original FA, if (a) the parties determined not to proceed with the acquisition, or (b) failed to enter into a definitive agreement by July 28, 2025 (or such later date as may be mutually agreed) (each a “Deal Failure”), any amounts disbursed were repayable within 45 calendar days and accrued interest at a rate of 10% per annum, effective from the date of initial disbursement until repayment.

	On September 24, 2025, the parties amended the FA to make all disbursed funding immediately due on September 30, 2025 (or a mutually agreed later date) and extended the memorandum of understanding deadlines to October 31, 2025.

	Additionally, if Resulticks raises capital or draws down from a debt facility prior to the acquisition or a Deal Failure, the proceeds from such funding must be applied to repay any amounts disbursed by the Company under the funding arrangement.

	At September 30, 2025 the Company has disbursed $8 million to Resulticks.