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CONTRACT ASSETS/(LIABILITIES) | 12 Months Ended
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Mar. 31, 2026
Contract Assetsliabilities |
CONTRACT ASSETS/(LIABILITIES) | NOTE 4. CONTRACT ASSETS/(LIABILITIES) Projects with performance obligations recognized over time that have revenue recognized to date in excess of cumulative billings are reported on the Company’s balance sheets as “Contract assets”. Provisions for estimated losses of contract assets on uncompleted contracts are made in the period in which such losses are determined. Contract assets that have billing terms with unconditional rights to be billed beyond one year are classified as non-current assets. Contract assets consisted of the following at March 31, 2026 and 2025: SCHEDULE OF CONTRACT ASSETS
|  | March 31, 2026 |  |  | March 31, 2025 |
Revenue recognized to date |  | $ | 717,067 |  |  | $ | 54,113 |
Less: progress billings to date |  |  | (715,973 | ) |  |  | (45,659 | )
Exchange difference |  |  | 1,959 |  |  |  | 12 |
Contract assets |  | $ | 3,053 |  |  | $ | 8,466 |
Contract assets, current |  | $ | 3,053 |  |  | $ | 8,466 |
Contract liabilities consisted of the following at March 31, 2026 and 2025: SCHEDULE OF CONTRACT LIABILITIES
|  | March 31, 2026 |  |  | March 31, 2025 |
Billings in advance of performance obligation under contracts |  | $ | 62,191 |  |  | $ | 131,564 |
Contract liabilities related to contracts are balances due to customers under contracts. This arises if a particular milestone payment exceeds the revenue recognized to date under the cost-to-cost method. The movement in contract liabilities is as follows: SCHEDULE OF MOVEMENT IN CONTRACT LIABILITIES
|  | March 31, 2026 |  |  | March 31, 2025 |
Beginning Balance |  | $ | 131,564 |  |  | $ | 101,718 |
Decrease in contract liabilities as a result of recognizing revenue during the period was included in the contract liabilities at the beginning of the period |  |  | (93,063 | ) |  |  | (47,095 | )
Increase in contract liabilities as a result of billings in advance of performance obligation under contracts |  |  | 24,320 |  |  |  | 76,343 |
Exchange difference |  |  | (630 | ) |  |  | 598 |
Ending Balance |  | $ | 62,191 |  |  | $ | 131,564 |

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