UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

	x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended ~~September~~December 3031, 2024

	o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______to______.

Commission File Number: 333-260873

LSEB CREATIVE CORP.
(Exact name of registrant as specified in its Charter)

wyoming		83-4415385
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

30 N. Gould St. #4000
Sheridan, WY 82801
(Address of Principal Executive Offices)(Zip Code)

800-701-8561
(Registrants telephone number, including area code)

N/A
(Former name, or former address and former fiscal year if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	o	Accelerated Filer	o
Non-accelerated Filer	x	Smaller Reporting Company	x
		Emerging growth company	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Yes o No x

As of ~~November~~March 1931, ~~2024~~2025, there were 1516,~~686~~376,300 shares of the issuer’s common stock issued and outstanding.

Unaudited Consolidated Financial Statements

LSEB Creative Corp.

For the Quarters ending ~~September~~December 3031, 2024 and 2023

LSEB Creative Corp. Consolidated Financial Statements For the Quarters ending December 31, 2024 and 2023

~~Consolidated~~Table of ~~Financial Statements~~contents

For the Quarters ending September 30, 2024 and 2023

Consolidated Balance Sheets	1

Consolidated Statements of Operations	2

Consolidated Statements of Stockholders’ Deficiency	3

Consolidated Statements of Cash Flows	4

Notes to Consolidated Financial Statements	5 - 14

Table of contents
Consolidated Balance Sheets	1
Consolidated Statements of Operations	2
Consolidated Statements of Stockholders’ Deficiency	3
Consolidated Statements of Cash Flows	4
Notes to Consolidated Financial Statements	5-15

LSEB Creative Corp.

CONSOLIDATED BALANCE SHEETS

(Expressed in US dollars)

	September 30,			March 31,
	December 31,			March 31,
	2024			2024
	(Unaudited)			(~~Audited~~Unaudited)
	$			$
ASSETS
Current assets
Cash		1,~~988~~104			4,448
Advances to suppliers		15,143			15,143
Advances to suppliers [Note 6]		30,652			15,143
Accounts Receivable		1,~~783~~586			1,731
Inventory		~~125~~126,~~697~~108			129,992
Prepayments and Other Receivables [Note 6]		—			178
Total current assets		~~144~~159,~~611~~450			151,492
Non-current assets
Equipment, net [Note 7]		2,~~774~~566			3,242
Total assets		~~147~~162,~~385~~016			154,734
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities
Accounts payable		1618,~~773~~672			5,881
Accrued liabilities		4,626			11,877
Shares to be issued		—			2,000
Advances from a related party [Note 8]		8284,~~816~~425			69,470
Total current liabilities		~~104~~107,~~215~~723			89,228
Stockholders’ deficiency
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, Nil preferred shares outstanding at September 30 2024 (March 31, 2024: Nil),		—			—
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, Nil preferred shares outstanding at December 31 2024 (March 31, 2024: Nil),		—			—
Common stock, $0.0001 par value, 500,000,000 shares authorized, 15,686,300 common shares outstanding as at September 30, 2024 (March 31, 2024 : 15,036,300) [Note 10]		1,569			1,504
Common stock, $0.0001 par value, 500,000,000 shares authorized, 16,376,300 common shares outstanding as at December 31, 2024 (March 31, 2024 : 15,036,300 ) [Note 10]		1,638			1,504
Additional paid-in capital [Note 10]		~~683~~752,~~471~~402			618,536
Accumulated deficit		(~~641~~699,~~870~~747	)		(554,534	)
Total stockholders’ deficiency		4354,~~170~~293			65,506
Total liabilities and stockholders’ deficiency		~~147~~162,~~385~~016			154,734

See accompanying notes

Going concern (Note 3)

Related party transactions (Note 9)

Contingencies and Commitments (Note 1312)

Subsequent events (Note 1413)

Page│ | 1

LSEB Creative Corp.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Expressed in US dollars)

For the

Quarter ended

~~six~~Nine months ended

September 30, 2024

September 30, 2023

September 30, 2024

September 30, 2023

December 31, 2024

December 31, 2023

December 31, 2024

December 31, 2023

(Unaudited)

Sales

23,~~574~~272

—1,915

812,~~856~~128

—1,915

Cost of Goods Sold

1,~~061~~322

—527

35,~~701~~023

—527

Gross Profit

1,~~513~~950

—1,388

57,~~155~~105

—1,388

EXPENSES

Advertising & promotion

516,~~435~~175

224,~~074~~400

824,~~147~~322

3742,~~970~~370

General & Administrative Expenses

97,~~485~~738

2211,~~158~~174

2027,~~020~~758

2839,~~568~~742

Consulting Expenses

213,~~713~~191

86,~~536~~021

4346,~~184~~375

1319,~~069~~090

Legal & Professional Fee

1528,~~915~~344

67,~~732~~968

2149,~~280~~624

1118,~~024~~992

Depreciation [Note 7]

~~225~~208

7065

~~468~~676

~~146~~211

Total operating expenses

5255,~~773~~656

5929,~~570~~628

93148,~~099~~755

90120,~~777~~405

Net income/ (loss) from operations

(5153,~~260~~706

)

(5928,~~570~~240

)

(87141,~~944~~650

)

(90119,~~777~~017

)

Exchange Gain/(Loss)

1(4,~~700~~171

)

(1,~~771~~331

)

~~608~~(3,563

)

(~~1,855~~524

)

Net income/(loss) from operations before income taxes

(4957,~~560~~877

)

(6126,~~341~~909

)

(87145,~~336~~213

)

(92119,~~632~~541

)

Income taxes

—

Net income/(loss) for the year

(4957,~~560~~877

)

(6126,~~341~~909

)

(87145,~~336~~213

)

(92119,~~632~~541

)

Loss per share, basic and diluted

(0.~~0033~~0038

)

(0.~~0045~~0019

)

(0.~~0059~~0095

)

(0.~~0069~~0085

)

Weighted average number of common shares outstanding

1415,~~916~~302,~~228~~201

1314,~~520~~023,~~696~~019

1415,~~916~~302,~~228~~201

1314,~~520~~023,~~696~~019

See accompanying notes

Page│ | 2

LSEB Creative Corp.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIENCY

(Expressed in US dollars)

					Additional					Total
	Common stock				paid-in		Accumulated			stockholders’
	Shares		Amount		capital		deficit			deficiency
			$		$		$			$
March 31, 2024		15,036,300		1,504		618,536		(554,534	)		65,506
Stock based Compensation		20,000		2		1,998		—			2,000
Proceeds from shares issued		—		—		—		—			—
Net loss		—		—		—		(37,776	)		(37,776	)
June 30, 2024		15,056,300		1,506		620,534		(592,310	)		29,730
Stock based Compensation		400,000		40		39,960		—			40,000
Proceeds from shares issued		230,000		23		22,977		—			23,000
Net loss		—		—		—		(49,560	)		(49,560	)
September 30, 2024		15,686,300		1,569		683,471		(641,870	)		43,170
Stock based Compensation		—		—		—		—			—
Proceeds from shares issued		690,000		69		68,931		—			69,000
Net loss		—		—		—		(57,877	)		(57,877	)
December 31, 2024		16,376,300		1,638		752,402		(699,747	)		54,293
March 31, 2023		13,569,000		1,357		471,953		(390,981	)		82,329
Stock based Compensation		45,000		5		4,496		—			4,500
Proceeds from shares issued		442,000		44		44,156		—			44,200
Net loss		—		—		—		(31,291	)		(31,291	)
June 30, 2023		14,056,000		1,406		520,604		(422,272	)		99,738
Stock based Compensation		45,000		5		4,496		—			4,500
Proceeds from shares issued		552,000		55		55,144		—			55,199
Net loss		—		—		—		(61,341	)		(61,341	)
September 30, 2023		14,653,000		1,465		580,244		(483,613	)		98,096
Stock based Compensation		20,000		2		1,998		—			2,000
Proceeds from shares issued		7,500		1		749		—			750
Net loss		—		—		—		(26,909	)		(26,909	)
December 31, 2023		14,680,500		1,468		582,991		(510,522	)		73,937

See accompanying notes

Page│ | 3

LSEB Creative Corp.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed in US dollars)

	For the			For the
	six months ended			six months ended
	Nine months ended			Nine months ended
	September 30, 2024			September 30, 2023
	December 31, 2024			December 31, 2023
	(Unaudited)			(Unaudited)
	$			$
OPERATING ACTIVITIES
Net loss for the year		(87145,~~336~~213	)		(92119,~~632~~541	)
Items not affecting cash
Depreciation		~~468~~676			~~146~~211
Stock based compensation		42,000			911,000
Changes in Operating assets & liabilities
Change in accounts receivable		~~(52~~145	)		—(255	)
Change in inventory		43,~~295~~884			(~~101~~127,~~920~~276	)
Change in prepaid and sundry		178			(12,~~631~~337	)
Change in advances to suppliers		—(15,509	)		99126,~~999~~219
Change in accrued liability		(7,251	)		(53,~~873~~850	)
Change in accounts payable		1012,~~892~~791			(32,~~815~~128	)
Net cash provided by (used) in operating activities		(36108,~~806~~299	)		(96109,~~726~~027	)
FINANCING ACTIVITIES
Proceeds from Related Parties advances		~~(449~~12,089	)		(1117,~~316~~358	)
Repayments of Related Parties advances		132,~~795~~866			1924,~~159~~340
Issue of common stock, net of issuance costs		2392,000			99100,~~399~~149
Shares to be issued		(2,000	)		—
Net cash provided by/(used in) financing activities		34104,~~346~~955			107,~~242~~131
Net decrease in cash during the year		(23,~~460~~344	)		10(1,~~516~~896	)
Cash, beginning of year		4,448			2,710
Cash, end of quarter		1,~~988~~104			~~13,226~~814

See accompanying notes

Page│ | 4

LSEB Creative Corp. Notes to Consolidated Financial Statements (Unaudited) For the Quarters Ending ~~September~~December 3031, 2024 and 2023

NATURE OF OPERATIONS

LSEB Creative Corp. was incorporated as “Profit Corporation” on April 3rd, 2019 under Wyoming State regulations with registered office at 1920 Thomes Ave Ste 610, Cheyenne, WY. On August 3, 2023, the Company incorporated its wholly-owned subsidiary 1000615000 Ontario Corp, an Ontario corporation, and on September 12, 2023 filed articles of amendment to changed its name to LSEB Creative Corp (Ontario). The purpose of the subsidiary is for GST/HST tax credits on importing goods into Canada.

LSEB Creative Corp. is a specialty retailer that offers men and women elevated swimwear designs, constructed with the highest quality materials and techniques. Our product concept focuses on coordinating items within the men’s and women’s sub-categories, which allows customers the ability to coordinate with their partner. It’s this concept, along with our noteworthy fabrics, construction techniques, and “ready-to-wear” inspired designs that will allow LSEB to capture a new space within the market.

Its aim is to become a leading retailer in the global luxury fashion industry. The corporation is currently involved in concept, design, manufacturing, and distribution of its products with emphasis on its swimwear category. The Company operates under the web-site address lsebcreative.com and its e-commerce platform laurenbentleyswim.com which is complete, and the Company launched the brand in October 2023.

BASIS OF PRESENTATION, MEASUREMENT

The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in United States dollars (“USD”). The consolidated financial statements include the accounts of LSEB Creative Corp and its wholly-owned subsidiary. All intercompany balances and transactions have been eliminated. There has been limited activity in the Company’s wholly-owned subsidiary.

GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming the Company will continue on a going concern basis. As disclosed in the balance sheet, the Company has accumulated losses at reporting period. The ability of the Company to continue as a going-concern depends upon its ability to develop profitable operations and to continue to raise adequate financing. Management is actively targeting sources of additional financing to provide continuation of the Company’s operations. In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing. The Company is actively seeking financing to fully execute the next phase of the Company’s growth initiatives. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company’s authorized capital. The Company believes it can satisfy minimum cash requirements for the next twelve months with either an equity financing, convertible debenture or if needed, loans from shareholders.

There can be no assurance that the Company will be able to continue to raise funds, in which case the Company may be unable to meet its obligations. Should the Company be unable to realize its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded in these audited financial statements. The company has experienced recurring losses that raise substantial doubt about its ability to continue as a going concern.

The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

Page | 5

LSEB Creative Corp.

Notes to Consolidated Financial Statements (Unaudited)

For the Quarters Ending December 31, 2024 and 2023

INTERIM FINANCIAL STATEMENTS

The accompanying consolidated financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024. In the opinion of management, the accompanying financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. The preparation of these financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.

Page│5

LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash

As of ~~September~~December 3031, 2024, the Company had a cash balance of $1,~~988~~104 (March 31, 2024: $4,448). Cash includes cash on hand and balances with banks.

Reclassification

Certain prior year amounts have been reclassified for comparative purposes to conform to the current year financial statement presentation. These reclassifications had no effect on previous reported results of operations.

Leases

At the lease commencement date, right-of-use (“ROU”) assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term, which includes all fixed obligations arising from the lease contract. If an interest rate is not explicit in a lease, the Company utilizes its incremental borrowing rate for a period that closely matches the lease term. The Company has elected not to recognize ROU assets and lease liabilities for leases with a lease term of less than 12 months.

Advertising & Promotions

Advertising costs are recognized as expense in Statement of operations for the period when incurred. For the quarter period ending ~~September~~December 3031, 2024, company recognized $516,~~435~~175 (~~September~~December 3031, 2023: $224,~~074~~400).

Use of Estimates

The preparation of audited financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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. Areas involving significant estimates and assumptions include deferred income tax assets and related valuation allowance, valuation of convertible notes, warrants and accruals. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known.

Page│ | 6

LSEB Creative Corp. Notes to Consolidated Financial Statements (Unaudited) For the Quarters Ending ~~September~~December 3031, 2024 and 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued.)

Loss Per Share

The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. Diluted earnings per share exclude all potentially dilutive shares if their effect is anti-dilutive. There were no potentially dilutive shares outstanding as at each period end.

Inventory

Inventories are stated at the lower of cost and net realizable value. Cost is determined on a first-in, first-out basis. The net realizable value is the estimated selling price in the ordinary course of business, less the cost of completion and selling expenses. As of ~~September 30,~~December 31, 2024 the Company has $~~125~~126,~~697~~108 in inventory valued at cost. Inventory is finished goods excluding freight costs. The Company periodically reviews its inventories and makes a provision as necessary to appropriately value goods that are obsolete, have quality issues, or are damaged. The amount of the provision is equal to the difference between the cost of the inventory and its net realizable value based upon assumptions about product quality, damages, future demand, selling prices, and market conditions. If changes in market conditions result in reductions in the estimated net realizable value of its inventory below its previous estimate, the Company would increase its reserve in the period in which it made such a determination.

In addition, the Company provides for inventory shrinkage based on historical trends from actual physical inventory counts. Inventory shrinkage estimates are made to reduce the inventory value for lost or stolen items. The Company performs physical inventory counts and cycle counts throughout the year and adjusts the shrink reserve accordingly. As of ~~September~~December 3031, 2024, the Company has no obsolescence provisions, damage provisions, or shrinkage provisions.

Foreign Currency Translation

The functional currency of the Company is United States dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. All exchange gains or losses arising from translation of these foreign currency transactions are included in Statement of operations. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

Fair Value of Financial Instruments

ASC 820 defines fair value, establishes a framework for measuring fair value and expands required disclosure about fair value measurements of assets and liabilities. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

●

Level 1 – Valuation based on quoted market prices in active markets for identical assets or liabilities.

●

Level 2 – Valuation based on quoted market prices for similar assets and liabilities in active markets.

●

Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value.

Page│ | 7

LSEB Creative Corp. Notes to Consolidated Financial Statements (Unaudited) For the Quarters Ending ~~September~~December 3031, 2024 and 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued.)

Fair Value of Financial Instruments

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include cash and accounts payable. The Company’s cash, which is carried at fair value, is classified as a Level 1 financial instrument. The Company’s bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk.

Stock Based Compensation

The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the statement of operations based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740. The Company provides for federal and provincial income taxes payable, as well as for those deferred because of the timing differences between reporting income and expenses for financial statement purposes versus tax purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. The effect of a change in tax rates is recognized as income or expense in the period of the change. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount that is more likely than not to be realized.

Revenue Recognition

The Company recognizes revenue in accordance with ASC-606 by,

	●	identifying the contract(s) with a customer,

	●	identifying the performance obligations in the contract,

	●	determining the transaction price,

	●	allocating the transaction price to the performance obligations in the contract and

	●	recognizing revenue when the performance obligation is satisfied.

Page│ | 8

LSEB Creative Corp. Notes to Consolidated Financial Statements (Unaudited) For the Quarters Ending ~~September~~December 3031, 2024 and 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued.)

Accordingly, the Company recognizes revenue when performance obligations under the terms of the contracts are satisfied. Our performance obligations primarily consist of delivering products to our customers. Control is transferred upon providing the products to customers upon shipment of our products to the consumers from our ecommerce sites. Once control is transferred to the customer, we have completed our performance obligation.

Equipment

Equipment is stated at cost less accumulated depreciation and depreciated over their estimated useful lives at the following rate and method.

Furniture and fixtures		20% per annum - declining balance method
Computer		30% per annum - declining balance method

Routine repairs and maintenance are expensed as incurred. Improvements, that are betterments, are capitalized at cost. The Company recognizes full quarter’s depreciation in the quarter when the asset is acquired.

Recently Issued Accounting Pronouncements

In June 2016, the FASB issued “ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The standard’s main goal is to improve financial reporting by requiring earlier recognition of credit losses on financing receivables and other financial assets in scope. Update No. 2016-13 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. ~~After~~The Company is currently evaluating the potential impact of this ASU on its financial ~~statements,~~ ~~the Company believes it is effective~~statements.

In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022 and can be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. The Company has not identified loans and other financial instruments that are directly or indirectly influenced by LIBOR and does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements.

In April 2021, the FASB issued ASU 2021-04 to codify the final consensus reached by the Emerging Issues Task Force (EITF) on how an issuer should account for modifications made to equity-classified written call options (hereafter referred to as a warrant to purchase the issuer’s common stock). The guidance in the ASU requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange of the original warrant for a new warrant. This guidance applies whether the modification is structured as an amendment to the terms and conditions of the warrant or as termination of the original warrant and issuance of a new warrant. The Company does not expect that the new guidance will significantly impact its condensed financial statements.

~~Page│9~~In November 2023, the FASB issued ASU No. 2023-07, “Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 requires entities to make certain enhanced segment disclosures on both an annual and interim basis, including disclosure of significant segment expenses that are regularly provided to their chief operating decision maker (the “CODM”) as defined within Accounting Standards Codification Topic 280, “Segment Reporting,” as well as various information about an entity’s CODM, among other provisions. ASU 2023-07 does not change how entities identify their operating segments, aggregate them, or apply the quantitative thresholds to determine their reportable segments. The annual disclosures required by ASU 2023-07 are effective for the Company beginning in Fiscal 2025, with interim disclosures effective beginning in Fiscal 2026. The provisions of ASU 2023-07 are to be applied retrospectively to all prior periods presented. Early adoption is permitted. Other than the new disclosure requirements, ASU 2023-07 will not have an impact on the Company’s consolidated financial statements.

~~LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023~~Page | 9

LSEB Creative Corp.

Notes to Consolidated Financial Statements (Unaudited)

For the Quarters Ending December 31, 2024 and 2023

PREPAYMENTS AND OTHER RECEIVABLES

The prepayment represents the amount paid pursuant of a lease agreement executed with one of the directors for the commercial unit used as office space by the company. The current term of lease is approx. USD $800 (CAD $1,000) per month for 8 months starting from January 2022 with an option to extend it with mutual consent. The Company executed a Lease Extension Agreement for an additional 12 month period starting September 1, 2022 and ending August 31, 2023 for USD $800 (CAD $1,000) per month.

On September 1, 2023 the Company executed a further 12 month extension ending August 31, 2024 for USD $800 (CAD $1,000) per month.

On September 1, 2024 the Company executed a further 12 month extension ending August 31, 2025 for USD $800 (CAD $1,000) per month.

As of ~~September~~December 3031, 2024, the Company has also made an advance payment of $1530,~~143~~652 to its manufacturing partners in Portugal. Once the goods are received by the Company we will allocate the amount to inventory.

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LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023

EQUIPMENT

Schedule of Equipment

	September 30, 2024		March 31, 2024
	December 31, 2024		March 31, 2024
Cost
Opening		5,692		2,744
Addition		—		2,948
Disposal		—		—
Closing		5,692		5,692
Accumulated Depreciation
Opening		2,450		1,737
Depreciation		~~468~~676		713
Closing		23,~~918~~126		2,450
Net Book Value		2,~~774~~566		3,242

~~8. ADVANCES FROM A RELATED PARTY~~Page | 10

LSEB Creative Corp.

Notes to Consolidated Financial Statements (Unaudited)

For the Quarters Ending December 31, 2024 and 2023

ADVANCES FROM A RELATED PARTY & RELATED PARTY TRANSACTIONS

These advances are from a shareholder of the Company. The amount is non-interest bearing, unsecured and due on demand. The carrying value of the advances approximates the market value due to the short-term maturity of the financial instruments.

Schedule of Advances from Related Party

	September 30,		March 31,
	December 31,		March 31,
	2024		2024
	$		$
Jordan Starkman		8180,~~149~~923		67,650
Lauren Bentley		13,~~667~~502		1,820
TOTAL		8284,~~816~~425		69,470

RELATED PARTY TRANSACTIONS

The Company’s transactions with related parties were carried out on normal commercial terms and in the course of the Company’s business. Other than those disclosed elsewhere in the financial statements, the related party transactions for the quarter ending ~~September~~December 3031, 2024, were $46,~~000~~190 (~~September~~December 3031, 2023: $85,~~779~~604).

Page│11

LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023

10.

STOCKHOLDERS’ DEFICIENCY

Authorized stock

Preferred stock

The Company is authorized to issue 5,000,000 preferred shares with a par value of $0.0001.

Page | 11

LSEB Creative Corp.

Notes to Consolidated Financial Statements (Unaudited)

For the Quarters Ending December 31, 2024 and 2023

10.

STOCKHOLDERS’ DEFICIENCY (Continued.)

Common stock

The Company is authorized to issue 500,000,000 common shares with a par value of $0.0001.

Issued stock

Preferred stock

As at ~~September~~December 3031, 2024, the company has not issued any preferred stock.

Common stock

As at ~~September~~December 3031, 2024, the company has 1516,~~686~~376,300 shares of common stock issued and outstanding.

On April 11, 2023, the Company issued 37,000 common shares at $0.10 per share for cash payment of $3,700.

On April 22, 2023, the Company issued 45,000 common shares at $0.10 per share for cash payment of $4,500.

On June 22, 2023, the Company issued 150,000 common shares at $0.10 per share for cash payment of $15,000.

On June 26, 2023, the Company issued 100,000 common shares at $0.10 per share for cash payment of $10,000.

On June 27, 2023, the Company issued 50,000 common shares at $0.10 per share for cash payment of $5,000.

On June 28, 2023, the Company issued 60,000 common shares at $0.10 per share for cash payment of $6,000.

On June 30, 2023, the Company issued 45,000 common shares for consulting services at $0.10 per share. The Company recognized the total amount of $4,500 as Promotional expense in Statement of Operations.

On July 6, 2023, the Company issued 50,000 common shares at $0.10 per share for cash payment of $5,000.

On August 1, 2023, the Company issued 75,000 common shares at $0.10 per share for cash payment of $7,500.

On August 4, 2023, the Company issued 47,000 common shares at $0.10 per share for cash payment of $4,700.

On August 10, 2023, the Company issued 80,000 common shares at $0.10 per share for cash payment of $8,000.

On August 23, 2023, the Company issued 5,000 for modelling services at $0.10 per share. The company recognized the total amount of $500 as Promotional expense in Statement of Operations.

On September 12, 2023, the Company issued 40,000 for Consulting services at $0.10 per share. The company recognized the total amount of $4,000 as Consulting expense in Statement of Operations.

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LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023

On September 18, 2023, the Company issued 200,000 common shares at $0.10 per share for cash payment of $20,000.

On September 25, 2023, the Company issued 100,000 common shares at $0.10 per share for cash payment of $10,000.

Page | 12

LSEB Creative Corp.

Notes to Consolidated Financial Statements (Unaudited)

For the Quarters Ending December 31, 2024 and 2023

10.

STOCKHOLDERS’ DEFICIENCY (Continued.)

On October 25, 2023, the Company issued 7,500 common shares at $0.10 per share for cash payment of $750.

On November 21, 2023, the Company issued 20,000 for Consulting services at $0.10 per share. The company recognized the total amount of $2,000 as Consulting expense in Statement of Operations.

On February 20, 2024, the Company issued 3,800 common shares at $0.10 per share for cash payment of $380.

On March 1, 2024, the Company issued 15,000 for Consulting services at $0.10 per share. The company recognized the total amount of $1,500 as Consulting expense in Statement of Operations.

On March 1, 2024, the Company issued 37,000 for Consulting services at $0.10 per share. The company recognized the total amount of $3,700 as Consulting expense in Statement of Operations.

On March 1, 2024, the Company agreed to issue 20,000 for Consulting services at $0.10 per share. The company recognized the total amount of $2,000 as Consulting expense in Statement of Operations. These shares were issued on May 31, 2024.

On March 4, 2024, the Company issued 250,000 common shares at $0.10 per share for cash payment of $25,000.

On March 5, 2024, the Company issued 50,000 for Consulting services at $0.10 per share. The company recognized the total amount of $5,000 as Consulting expense in Statement of Operations.

On May 1, 2024 the Company entered into a consulting agreement for the issuance of 200,000 shares at $0.10 per share. These shares were issued September 27, 2024.

On June 25, 2024 the Company agreed to issue 150,000 common shares at $0.10 per share for cash payment of $15,000. These shares were issued September 27, 2024.

On August 30, 2024, the Company issued 80,000 common shares at $0.10 per share for cash payment of $8,000.

On September 1, 2024, the Company issued 200,000 for Consulting services at $0.10 per share. The company recognized the total amount of $20,000 as Consulting expense in Statement of Operations.

11On October 3, 2024, the Company issued 240,000 common shares at $0.10 ~~COMMON~~per ~~STOCK~~share TOfor BEcash ~~ISSUED~~payment of $24,000.

AsOn ofOctober ~~September 30~~4, 2024, ~~there~~the ~~were~~Company 0 issued 150,000 common ~~stock~~shares toat be$0.10 ~~issued~~per asshare ~~detailed~~for ~~below:~~cash payment of $15,000.

~~Pursuant~~On toNovember ~~a consulting agreement entered on March 1~~4, 2024, the Company ~~agreed to issue 20~~issued 50,000 common shares ~~of its common stock valued~~ at $~~2,000, such value being the fair value of the shares of common stock on the date of agreement~~0.10 ~~The~~per ~~Company~~share ~~recorded~~for ~~this~~cash ~~amount~~payment ~~during the year ended March 31, 2024 under Consulting fees in the consolidated statement~~ of ~~operations. These shares were issued May 31~~$5, ~~2024~~000.

~~Pursuant~~On toNovember ~~a consulting agreement entered on May 1~~12, 2024, the Company ~~agreed to issue 200~~issued 50,000 common shares ~~of its common stock valued~~ at $~~20,000, such value being the fair value of the shares of common stock on the date of agreement~~0.10 ~~The~~per ~~Company~~share ~~recorded~~for ~~this~~cash ~~amount~~payment ~~during the quarter ended June 30, 2024 under Consulting fees in the consolidated statement~~ of ~~operations. These shares were issued September 27~~$5, ~~2024~~000.

~~Pursuant~~On toNovember ~~a subscription agreement entered on June 25~~19, 2024, the Company ~~agreed to issue 150~~issued 37,000 common shares ~~of its common stock~~ at $0.10 per share for cash payment of $1537,000. ~~These shares were issued September 27, 2024.~~

~~Page│13~~On November 25, 2024, the Company issued 156,000 common shares at $0.10 per share for cash payment of $15,600.

~~LSEB Creative Corp. Notes to Consolidated Financial Statements For the Quarters Ending September 30, 2024 and 2023~~Page | 13

12LSEB Creative Corp. ~~COVID-19~~Notes ~~AND~~to ~~MARKET~~Consolidated ~~UPDATE~~Financial Statements (Unaudited) For the Quarters Ending December 31, 2024 and 2023

As a result of the COVID-19 pandemic, we experienced some disruptions throughout calendar years 2022 and 2021, which delayed our strategic business timelines to establish and launch our brand however fortunately there was no material financial impact as the focus even prior to COVID was to have an effective and efficient E-commerce website through which we reach target customers10. ~~During~~STOCKHOLDERS’ ~~the~~DEFICIENCY ~~September 30, 2024 quarter end, the Company was not impacted by COVID-19, however we are uncertain how COVID-19 may affect the Company in the future~~(Continued.)

~~Management~~On ~~still~~December ~~continues~~9, ~~to monitor the short and long-term impacts of the pandemic. We continue to be cautiously optimistic about the markets in which we operate and the customers we serve; however~~2024, ~~should there be a slowdown in economic activity due to an increase in more contagious variants of~~ the ~~virus~~Company ~~or surges in the number of cases~~issued 7,000 common itshares isat ~~possible~~$0.10 ~~that~~per ~~projects~~share ~~could~~for becash ~~delayed~~payment ~~or canceled or that we could experience further realignment~~ of ~~timelines for launch of the brand~~$700.

~~The extent to which our business and results of operations are impacted in future periods will also depend upon a number of other factors~~11. ~~These~~ ~~include~~CONTINGENCIES ~~the~~AND duration and extent of the pandemic; limitations on the ability of our employees to perform their work due to illness caused by the pandemic or local, state, or federal orders requiring employees to quarantine; the extent, duration, and effective execution of ongoing government stabilization and recovery efforts; the efficacy and adoption of vaccines or other preventative treatments; our customers’ demand for our services; our ability to continue to safely and effectively operate in this environment; and the ability of our customers to pay us for services rendered. The impact of the COVID-19 pandemic on our vendors and the materials utilized in our operations continues to evolve and may have an adverse impact on our operations in future periods. Any of these events could have a material adverse effect on our business, financial condition, and/or results of operations. Furthermore, we are required to frequently travel to Europe to visit our manufacturer and suppliers, and the travel restrictions due to COVID-19 may delayed our future sourcing and production.COMMITMENTS

13The Company has entered into a number of Consulting Agreements and pursuant to the Agreements the Company may be required to pay a 2%-3% finder’s fee associated with any new financings as of December 31, 2024. ~~CONTINGENCIES~~The ~~AND~~Company ~~COMMITMENTS~~has not been obligated to pay a finder’s fee related to the capital raised as of December 31, 2024.

The Company has entered into a number of Consulting Agreements and pursuant to the Agreements the Company may be required to pay a 2%-3% finder’s fee associated with any new financings as of September 30, 2024. The Company has not been obligated to pay a finder’s fee related to the capital raised as of September 30, 2024.

The Company has no existing or pending legal proceedings against us, nor are we involved as a plaintiff in any proceeding or pending litigation. There are no proceedings in which any of our directors, officers or any of their respective affiliates, or any beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

1412. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events up to ~~November~~March 1931, ~~2024~~2025, the date the financial statements were issued, pursuant to the requirements of ASC 855 and has determined there are ~~the~~no ~~following~~ subsequent events to report:.

~~On October 3, 2024 the Company agreed to issue 240,000 common shares at $0.10 per share for cash payment of $24,000. These shares have not yet been issued.~~Page | 14

On October 4, 2024 the Company agreed to issue 150,000 common shares at $0.10 per share for cash payment of $15,000. These shares have not yet been issued.

On October 17, 2024, LSEB Creative Corp entered into a consulting agreement (the “Consulting Agreement”) with Beyond Media Group LLC., a corporation existing under the laws of the State of Wyoming (“Beyond Media”) to provide marketing and advertising services to communicate information about the Company and the Lauren Bentley Swimwear brand to the financial community including but not limited to, creating company profiles, media distribution, and building a digital community with respect to the Company.

Pursuant to the Consulting Agreement, the Company agrees to compensate Beyond Media up to $250,000 with periodic payments over a period of three (3) months, unless otherwise extended by mutual agreement of the parties, commencing October 17, 2024. The Company has paid a fee of approximately $15,000 as of the date of this release for the services to Beyond Media, and additional funds are expected to be paid as necessary.

Page│14

The Company has the right to terminate the Consulting Agreement at any time with or without cause, at which point the Company will not be entitled to a return of any paid compensation. Beyond Media will rely solely on the Company’s previously disclosed public information such as all SEC filings, Company’s press releases, and the Company’s corporate web-site including resource materials.

As of the date hereof, to the best of the Company’s knowledge, Beyond Media (including its directors and officers) does not own any securities of the Company and has an arm’s length relationship with the Company. The Company will not issue any securities to Beyond Media as compensation for its services.

MARKETING ACTIVITIES, NOMINAL “FLOAT” AND SUPPLY AND DEMAND FACTORS MAY AFFECT THE PRICE OF OUR STOCK.

We expect to utilize various techniques such as non-deal road shows and investor relations campaigns in order to create investor awareness for the Company. These campaigns may include personal, video and telephone conferences with investors and prospective investors in which our business practices are described. We may provide compensation to investor relations firms and pay for newsletters, websites, mailings and email campaigns that are produced by third-parties based upon publicly-available information concerning the Company. We will not be responsible for the content of analyst reports and other writings and communications by investor relations firms not authored by the Company or from publicly available information. We do not intend to review or approve the content of such analysts’ reports or other materials based upon analysts’ own research or methods. Investor relations firms should generally disclose when they are compensated for their efforts, but whether such disclosure is made or complete is not under our control. In addition, investors in the Company may be willing, from time to time, to encourage investor awareness through similar activities. Investor awareness activities may also be suspended or discontinued which may impact the trading market our common stock.

The SEC and OTC Markets Group Inc. (“OTC Markets”) enforce various statutes and regulations intended to prevent manipulative or deceptive devices in connection with the purchase or sale of any security and carefully scrutinize trading patterns and company news and other communications for false or misleading information, particularly in cases where the hallmarks of “pump and dump” activities may exist, such as rapid share price increases or decreases. The Supreme Court has stated that manipulative action is a term of art connoting intentional or willful conduct designed to deceive or defraud investors by controlling or artificially affecting the price of securities. Often times, manipulation is associated by regulators with forces that upset the supply and demand factors that would normally determine trading prices. Securities regulators have often cited thinly-traded markets, small numbers of holders, and awareness campaigns as components of their claims of price manipulation and other violations of law when combined with manipulative trading, such as wash sales, matched orders or other manipulative trading timed to coincide with false or touting press releases. There can be no assurance that the Company’s or third-parties’ activities, or the small number of potential sellers or small percentage of stock in the “float,” or determinations by purchasers or holders as to when or under what circumstances or at what prices they may be willing to buy or sell stock will not artificially impact (or would be claimed by regulators to have affected) the normal supply and demand factors that determine the price of the stock.

Page│15

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as “anticipate,” “expects,” “intends,” “plans,” “believes,” “seeks” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-Q. Investors should carefully consider all of such risks before making an investment decision with respect to the Company’s stock. The following discussion and analysis should be read in conjunction with our consolidated financial statements and summary of selected financial data for LSEB Creative Corp. Such discussion represents only the best present assessment from our Management.

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These accounting principles require us to make certain estimates, judgments and assumptions. We believe that the estimates, judgments and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments and assumptions are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result. The following discussion should be read in conjunction with our financial statements and notes thereto appearing elsewhere in this Form 10-Q.

We intend for this discussion to provide information that will assist in understanding our financial statements, the changes in certain key items in those financial statements, and the primary factors that accounted for those changes, as well as how certain accounting principles affect our financial statements. This discussion should be read in conjunction with our financial statements and accompanying notes for the year ended March 31, 2024, which are included in the Company’s Annual Report on Form 10-K that was filed with the SEC on July 16, 2024.

Overview

LSEB Creative Corp., was incorporated in the State of Wyoming on April 3, 2019. On August 3, 2023, the Company incorporated its wholly-owned subsidiary 1000615000 Ontario Corp, an Ontario corporation, and on September 12, 2023 filed articles of amendment to changed its name to LSEB Creative Corp (Ontario).

The Company is a specialty retailer that offers men and women elevated swimwear designs, constructed with the highest quality materials and techniques. With the recent substantial growth seen in the swimwear industry, our affluent, contemporary target market is in search of assortment and impressive concepts. By offering a new concept to swimwear; gender-coordinating collections that allow the wearer to look and feel powerful, partnered or individually, we will capture this new, sought-after space within the market. Our priority is to design products that offer superior fit, performance, and comfort while incorporating both function and fashionability. Our strategy is to capitalize on these existing opportunities in the luxury swimwear market through the development and growth of our web site www.laurenbentleyswim.com, and wholesaler partnerships on a global scale. We believe eCommerce will allow our target market convenient and easy access to our products while effectively building brand awareness and entry into new markets. We are committed to building a highly recognized brand, offering captivating customer experiences that drive long-term loyalty. By focusing on these key areas and tactics, we will successfully align ourselves with our target market and profit accordingly.

We are confident in our ability to operate cost efficiently and compete in a highly saturated market by addressing the observed opportunity. LSEB will capture a new space within the market, which is in need of innovation and quality options. Majority of existing swimwear brands have similar strategies, providing consumers with trend-driven styles and fair quality at a mid-high tier price bracket, representing a similar structure to fast fashion. Focusing on luxury swimwear items for both men and women, LSEB’s collection will embody ~~it’s~~its affluent, contemporary target market entirely. The individual men’s and women’s sub-collections will be coordinating, as the partnered portion of our target market values looking well put-together as a couple, as well as individually. The physical presence of our collection has the following defining attributes; fine details and finishings, alluring silhouettes, coordinating pieces between the men’s and women’s sub-collections.

LSEB’s designs are highly influenced by ready-to-wear fashions. Our intention is that individually, our designs are versatile enough that they can exceed their intended purpose; swimming and lounging, making appearances in the customer’s daily wardrobe. To ensure the highest quality in fabrics, hardware and embellishments, LSEB will put emphasis on the sourcing process for each individually item. Newest technologies in fabrics and manufacturing will be utilized in design and production stages, and may include technologies such as, quick drying finishes or shapewear fabric. From goods to packaging and labeling, the brand identity has been absolutely thought through and is evident across all areas.

Our mission is to become a single source of innovative luxury swimwear for our target market. The Company has recognized the sales and profit potential of luxury swimwear for men and women, as consumers are willing to invest in the swimwear category and seek new brands and product assortment. We strive to offer consumers the highest quality products with a new fashion-forward, innovative outlook to swim fashion.

LSEB is dedicated to being a dominant provider of luxury swimwear globally, and known for:

●

Highest quality products and services

●

Accurate, efficient and quality customer service

●

Honesty, integrity and continually adding value to its customers, partners and associates.

From inception to September 30, 2024 we have incurred an accumulated deficit of $641,870. Based on our financial history since inception, our auditor has expressed substantial doubt as to our ability to continue as a going concern. The Company has recently commenced sales, but has limited operating history. The ability of the Company to continue as a going concern depends upon its ability to raise adequate financing and develop profitable operations. If we cannot generate sufficient revenues from our services, we may have to delay the implementation of our business plan. Management is actively targeting sources of additional financing to provide continuation of the Company’s operations and growth. In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing.5

From inception to December 31, 2024 we have incurred an accumulated deficit of $699,747. Based on our financial history since inception, our auditor has expressed substantial doubt as to our ability to continue as a going concern. The Company has recently commenced sales, but has limited operating history. The ability of the Company to continue as a going concern depends upon its ability to raise adequate financing and develop profitable operations. If we cannot generate sufficient revenues from our services, we may have to delay the implementation of our business plan. Management is actively targeting sources of additional financing to provide continuation of the Company’s operations and growth. In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing.

The Company is actively seeking financing for its current business operation. The Company is optimistic that the financing will be secured and the going concern risk will be removed. Any capital raised will be through a private placement and will result in the issuance of shares of common stock from the Company’s authorized capital.

Plan of Operation

We were incorporated on April 3, 2019 in Wyoming. Our business office is located at 30 N. Gould St. #4000, Sheridan, WY 82801. Our telephone number is 1-800-701-8561. We were founded by Lauren Bentley, who serves as our President and Director, and Jordan Starkman who serves as the Company’s CFO and director.

LSEB Creative Corp. is a specialty retailer that offers men and women elevated swimwear designs, constructed with the highest quality materials and techniques. With the recent substantial growth seen in the swimwear industry, our affluent, contemporary target market is in search of assortment and impressive concepts. By offering a new concept to swimwear; gender-coordinating collections that allow the wearer to look and feel powerful, partnered or individually, we will capture this new, sought-after space within the market. Our priority is to design products that offer superior fit, performance, and comfort while incorporating both function and fashionability. Our strategy is to capitalize on these existing opportunities in the luxury swimwear market through the development and growth of our web site www.laurenbentleyswim.com, and wholesaler partnerships on a global scale. We believe eCommerce will allow our target market convenient and easy access to our products while effectively building brand awareness and entry into new markets. We are committed to building a highly recognized brand, offering captivating customer experiences that drive long-term loyalty. By focusing on these key areas and tactics, we will successfully align ourselves with our target market and profit accordingly.

Strategy

The Company’s business strategy is designed to drive sales growth, maximize gross margin dollars and operating cash flow, capitalize on cost reduction opportunities and build customer loyalty, thereby strengthening the Company’s position as a leading swimwear provider. The company will rely on the efficiency of our supply and distribution chain for the successful implementation of its business strategy. Key elements of this strategy include:

Product

Our product design and development efforts are led by Lauren Bentley and include a team of designers based in the US and abroad who are dedicated to premium quality. Our design and development team identifies trends based on market intelligence and research, proactively seeks the input of our target market and broadly seeks inspiration consistent with our goals of fit, style and function superiority. As we strive to provide our customers with intricately designed and skillfully constructed garments, our team works closely with our suppliers to ensure specifications are reached. We will partner with independent inspection, verification, and testing companies, who conduct a variety of tests on our fabrics, testing performance characteristics including retention, abrasion resistance, colorfastness, and sun damage. We offer premium swimwear that is optimized for fit, comfort, functionality and style. By combining functionality with elevated design, our brand not only has strong consumer appeal, but also attracts a growing core of consumers that desire swimwear suited to their lifestyles. We believe our superior quality and technically advanced products allow us to maintain premium price points and encourage repeat purchases among our customers.

Design and Styling

Focusing on luxury swimwear items for both men and women, LSEB’s collection will embody its affluent, contemporary target market entirely. The individual men’s and women’s sub-collections will be coordinating, as the partnered portion of our target market values looking well put-together as a couple. The physical presence of our collection has the following defining attributes; fine details and finishings, alluring silhouettes, coordinating pieces, and a runway-ready look. The designs are highly influenced by ready-to-wear fashions Our intention is that individually, our designs are versatile enough that they can exceed their intended purpose - swimming and lounging, making appearances in the customer’s daily wardrobe. To ensure the highest quality in fabrics, hardware and embellishments, LSEB will put emphasis on the sourcing process for all items individually. Newest technologies in fabrics and manufacturing will be utilized in design and production stages, and may include technologies such as, quick drying finishes or shapewear fabric. From goods to packaging and labeling, the brand identity has been absolutely thought through and is evident across all areas.

Adjustability, Fit, and Sizing

We believe the authenticity of our products is driven by a number of factors. These factors include our inspired design process, our use of technical materials, our sophisticated manufacturing methods and our innovative product features.

LSEB is wholly committed to developing garments that enhance the customer’s body, evoking feelings of empowerment and boldness. Technologically advanced fabrics, techniques, and adjustable features, will collectively result in a truly tailored fit, unmatched by anyone.

Women’s

Adjustability functions that appear in some of our women’s designs include adjustable shoulder straps, tie-back straps, and hook & eye bra closures. Additional notable fir features include shapewear inserts, underwire or floating underwire to give added support, and molded cups. Each women’s SKU is designed and constructed with the intention of enhancing the female figure. Sizing scales to vary based upon individual styles but will categorize as one of the following; numeric sizing (Ex: 2-18) or bra sizing (Ex: 32B/C – 38 B/C).

Men’s

Our goal is not to reconstruct, but to enhance the fit and styling of men’s swimwear currently on the market. We believe that men desire and deserve a perfectly fitting swim garment, just as women do. An example our improvements includes the addition of hidden, inner drawstring to our swim trunks, which will reinforce the zipper and snap closure, ensuring security during use. Other styles include waist fasteners on either side of the body, which allow the wearer to further adjust the garment, creating a tailored fit. Our technologically advanced stretch net lining conforms to the body without restriction for optimal comfort. Along with these features, our size offering, which will be numeric (Ex: 26-40) and inseam length options (Ex: 4.5” or 6.5”), will provide the perfect fit for every man.

Diverse Product Selection

Our product assortment will be narrow and curated, showcasing various styles and patterns that will be well received and understood by our customers. While establishing ourselves within the luxury sector, our products will follow a competitive pricing strategy.

Strong Customer Service

Customer satisfaction is of upmost importance to us, which is why we provide a range of services to educate and tailor support to each customer, both directly and through third parties. These services will be provided online as well as through our 1-800-701-8561. Additionally, we acknowledge the importance of customer feedback and intend on adopting it when improvements are needed.

Strengthening LSEB’s Leadership Position in the Swimwear Industry

Favorable industry trends, such as those described in General, provide the Company with continued opportunities to capitalize on its strengths in providing high quality swimwear and building trust with its customers, while simultaneously educating the customer. The Company intends to strengthen its leadership position in this high-growth category by improving operations, enhancing the quality of swimwear products provided to its customers, and cultivating a welcoming, professional work environment, which we believe ultimately attracts superior staff. These initiatives will best position the Company to maximize profits and customer retention. The Company also intends to build market share in the swimwear category by offering consistently innovative and quality products that ensure customer satisfaction, maintaining open communication with customers, and offering the added convenience of an efficient distribution strategy.

Driving Sales and Profitability

By focusing on the constant development and improvement of our product offering, sales platforms, marketing and overall business strategy, the Company will achieve highest profitability. The following tactics will ensure leverage in the industry;

●

Early adoption of developments in fabric and production technologies or trend

●

Expansion of product categories

●

Consistent, innovative marketing campaigns

●

Adopting latest technologies as they pertain to marketing and eCommerce

Enhancing Operating Efficiencies to Maintain Strong Competitive Position

LSEB’s operating margin will grow steadily through the successful implementation of centralized distribution and other key activities, and a focus on maximizing gross margin dollars. The Company plans to realize additional operating efficiencies both at the corporate level and within its e-commerce site, which will give the Company the flexibility to offer increased value to its customers and strengthen its competitive position in the industry. In keeping with our commitment to being a low -cost operator, the Company believes it can further leverage its buying power to realize additional efficiencies in areas such as supply chain, and capital expenditures.

Increase our Brand Awareness

We will continue to increase brand awareness and customer loyalty through our consistent marketing efforts and planned web and mobile advertising expansion. Our campaign-focused marketing programs are designed to reinforce the premium image of our brand and our connection with consumers. LSEB Creative has built a comprehensive paid advertising initiative targeting both North American and international markets. Utilizing major platforms such as Meta (Facebook and Instagram), Pinterest, and Google, the Company aims to significantly broaden the brand’s audience reach.

Introduce New Product Technologies

We will continue to focus on developing and offering products that incorporate technology-enhanced fabrics and style features that differentiate us in the market and broaden our customer base. We believe that incorporating new technologies, providing advanced features and using differentiated manufacturing techniques will reinforce the authenticity and appeal of our products, ultimately driving sales growth.

Broaden the Appeal of our Products

We will selectively seek opportunities to expand the appeal of our swimwear line and improve productivity to increase our overall market share. This includes our post launch plans to expand our product offering in categories such as beachwear and men’s daywear.

Operations

Product

Design and Styling

Focusing on luxury swimwear items for both men and women, LSEB’s collection will embody it’s affluent, contemporary target market entirely. The individual men’s and women’s sub-collections will be coordinating, as the partnered portion of our target market values looking well put-together as a couple. The physical presence of our collection has the following defining attributes; fine details and finishings, alluring silhouettes, coordinating pieces, and a runway-ready look. The designs are highly influenced by ready-to-wear fashions Our intention is that individually, our designs are versatile enough that they can exceed their intended purpose - swimming and lounging, making appearances in the customer’s daily wardrobe. To ensure the highest quality in fabrics, hardware and embellishments, LSEB will put emphasis on the sourcing process for all items individually. Newest technologies in fabrics and manufacturing will be utilized in design and production stages, and may include technologies such as, quick drying finishes or shapewear fabric. From goods to packaging and labeling, the brand identity has been absolutely thought through and is evident across all areas.

Adjustability, Fit, and Sizing

Women’s

Men’s

Since September 30, 2024, and for the next 6 months during our fiscal year 2025, our business will be built across four key growth product categories including: (1) Women’s Swimwear, (2) Men’s Swimwear, (3) Women’s Beachwear, and (4) Accessories. Our growth plan is to achieve $500,000 in net revenues within the 12 months following fiscal quarter end September 30, 2024, with majority derived from category (1), Women’s Swimwear. The Company launched the brand in October 2023 with men’s and women’s swimwear, and we have started generating revenue. The Company plans to complete a financing through a private offering for a minimum of $400,000 within the 6-12 months following our September 30, 2024 quarter end. We have not yet entered into any agreements with any parties with respect to obtaining financing for the Company.

We intend to target consumers with on-line marketing, and businesses, including hotels and independent boutiques with direct mail, and pursuing contacts within the industry. The Company also expects to attend swimwear trade shows across the world.

If we are unable to obtain financing on reasonable terms, we could be forced to delay or scale back our plans for expansion. In addition, such inability to obtain financing on reasonable terms could have a material adverse effect on our business, operating results, or financial condition. In the unlikely scenario that we are not successful in financing our target of $400,000 or above through a private offering within the first 6-12-months following our September 30, 2024 quarter-end we will delay the launch of the Women’s Beachwear, and continue moving forward solely with Men’s and Women’s Swimwear.

Within 18 months following our September 30, 2024 quarter-end, our total sales forecast is $1,200,000. This target is comprised of $1,000,000 Women’s Swimwear and Men’s Swimwear categories, and $200,000 Beachwear and Accessories. We anticipate a sales growth rate of approximately 50% per year for our first 3 operational years.

The Company has executed all essential functions, including but not limited to, collection design, technical illustrations and specification, sourcing trims, fabrics, and yarn, sample making, pattern drafting, manufacturer bulk order placement, and various marketing projects. The Company has received its bulk production from its factory in September 2023 and the Company launched the brand in October 2023. These functions have allowed the Company to launch its B2C distribution channel, and the Company is focusing on B2B wholesale partnerships for additional growth opportunities. Additionally, the Company’s B2C launch will allow the Company to achieve an average target margin of 55-65% across our four key product categories.

As of our quarter end ~~September~~December 3031, 2024, the Company has completed a number of the essential functions outlined above. Our first collection, which has launched in October 2023 in conjunction with the brand’s ecommerce site, has been designed and technical illustrations have been completed. For the Company’s second collection, our technical packages, which includes the technical sketches and all specifications on measurements, construction, trim and fabric Bill of Materials, and all additional information the manufacturing company will need, have been completed by an outsourced Technical Designer. This subsequent women’s collection is comprised of six styles in three colorways. The collection has been developed in alignment with our notable quality standard, made possible with the strategic partnership made with the manufacturer. The design ethos of this collection embraces subtle fashion characteristics, effortlessly transitioning from the elevated basics that defined the brand’s well-received leading collection. This release is eagerly anticipated and will mark a significant milestone in the brand’s evolution, further solidifying Lauren Bentley Swimwear’s position in the luxury swimwear market.

8The Company has received the sample sets for the second collection from the factory and we expect to launch the second collection in February 2025. A significant amount of focus went into the sourcing of collection trims and fabric, as well as brand packaging and labeling. The Company believes in sourcing based on quality, not ease, in order to develop superior product. Thus, all items are sourced from various countries and factories depending on capabilities, skills, and technologies. For our first and second collection, majority of items have been sourced from specialized, established suppliers in Italy, France, and Spain.

The Company has received the sample sets for the second collection from the factory and we expect to launch the second collection in January 2025. A significant amount of focus went into the sourcing of collection trims and fabric, as well as brand packaging and labeling. The Company believes in sourcing based on quality, not ease, in order to develop superior product. Thus, all items are sourced from various countries and factories depending on capabilities, skills, and technologies. For our first and second collection, majority of items have been sourced from specialized, established suppliers in Italy, France, and Spain.

In September 2024, the Company began research and design stages of expanding its beachwear category, with an emphasis on versatile, high-quality pieces. Lauren Bentley Swimwear intends to introduce cover-ups such as sarongs, a quintessential element of women’s beachwear wardrobes. This versatile item is currently being developed by the brand’s design team with the help of supply and manufacturer partners. Additional cover-ups and new product categories are entering the research and design stages. These steps further solidifying Lauren Bentley Swimwear’s vision to become a comprehensive beachwear lifestyle brand. While these category expansions are an exciting development, the brand is aiming for a release in Spring 2025, though no definitive timeline has been established. As with all Lauren Bentley Swimwear offerings, the brand remains committed to prioritizing quality throughout the meticulous design, development, and sourcing processes.

The marketing mix is of large focus for the Company, as we understand the importance of marketing within the luxury market and its role in building brand recognition and credibility. For this reason, we have decided to utilize a third-party, bespoke marketing agency based out of London, England. Completed initial marketing projects include; the branding package, which includes the primary logo, secondary logo, and submark, in addition to the overall brand, story and packaging designs; and ecommerce website development. The Company is on track with all necessary functions in order to meet deadlines and ultimately, all established Company goals.

LSEB Creative has built a comprehensive paid advertising initiative targeting both North American and international markets. Utilizing major platforms such as Meta (Facebook and Instagram), Pinterest, and Google, the Company aims to significantly broaden the brand’s audience reach. Lauren Bentley Swimwear has previously trialed select paid advertising strategies, yielding valuable insights into customer behavior and optimal campaign performance. With this foundational knowledge, the Company is ready to scale up its advertising efforts in North America while simultaneously expanding into key markets in Western Europe and Asia. This strategic push comes as part of the Company’s continued focus on enhancing brand growth, engagement, and market expansion. The campaign will consist of a balanced mix of conversion ads aimed at driving sales, complemented by brand awareness initiatives to reinforce LBS’s positioning. The primary focus of the campaign will be on ads that offer brand storytelling and increased visibility, while a secondary emphasis will be placed on conversion-driven ads.

LSEB Creative Corp. intends to remain agile throughout the campaign by monitoring performance metrics closely and refining strategies as necessary to align with customer preferences and maximize returns.

The Company has recently launched influencer partnership initiatives, and has executed a strategic approach to influencer marketing, amplifying its reach and engagement within the competitive luxury swimwear sector. Since launching these efforts, Lauren Bentley Swimwear has partnered with over eight influencers spanning Canada, the USA, the UK, and Western Europe. These collaborators, who boast follower counts ranging from 85,000 to 1 million, bring unique attributes to the table, including inspiring mothers, a former reality star, a fitness coach, and a celebrity stylist. Their diversified audiences amplify the brand’s reach, ensuring visibility across both primary and secondary target markets.

In October 2024, the Company entered into a Consulting Agreement with Beyond Media Group LLC., a corporation existing under the laws of the State of Wyoming to provide marketing and advertising services to communicate information about the Company and the Lauren Bentley Swimwear brand to the financial community including but not limited to, creating company profiles, media distribution, and building a digital community with respect to the Company.

MARKETING ACTIVITIES, NOMINAL “FLOAT” AND SUPPLY AND DEMAND FACTORS MAY AFFECT THE PRICE OF OUR STOCK.

Initial distribution will be B2C via our ecommerce website, which will allow us to bypass middlemen and margin loss. Our ecommerce website, as well as our social media pages, has been prepared by a third-party marketing agency. Preparation of these areas of our marketing mix include, website development and testing, product photography, campaign photography and videography, copywriting, and SEO management. Additionally, these projects, along with our branding package, will lend themselves to all areas of the marketing mix. Marketing strategies has commenced across all platforms as a tactic to create excitement around the brand and products. Our ecommerce website laurenbentleyswim.com is now live for purchasing.

All steps of the process have been completed in accordance with the fashion calendar with our first collection released in October 2023. This is essential to ensure consistent product offering and Company sales forecast is met. Onward, product launches will continue to be developed and released based on the fashion calendar, with key deliveries falling in January/February, May/June, and October/November. The Company will consider expanding SKU assortment and product categories based on consumer demand and feedback. The Company believes that when expanding the product offering, doing so organically is essential to long-term growth and sales plans.

Onward, product launches will continue to be developed and released based on the fashion calendar, with key deliveries falling in January/February, May/June, and October/November. The Company will consider expanding SKU assortment and product categories based on consumer demand and feedback. The Company believes that when expanding the product offering, doing so organically is essential to long-term growth and sales plans.

Since the Company’s launch in October 2023, we will commence two key growth strategies; building a full-time team of staff and nurturing wholesale partnerships. We believe organically growing a team of full-time employees is essential in the future success of the business. Employees will be hired based on their suitability in the role and connection with the brand. We will take our time hiring the right person for each individual position as it is needed. By having a full-time team, we will gain the contacts, knowhow, manpower, and consistency needed to operate a successful luxury fashion brand.

Entering wholesale distribution opportunities will allow the Company to grow reach within key markets, sales, and brand recognition. The Company intends on partnering with top luxury retailers across North America and Europe, as well as particular independent retailers and hotel boutiques. The Company currently maintains relationships with targeted retailers but believes entering wholesale distribution will have the highest growth potential once the brand is established with sales to show. The partnerships we create will be strategically chosen based on brand values, style, price point, and expectations. We believe that by progressing into wholesale distribution will allow us to increase sales by approximately 50% consistently through year one to five. We intend to target consumers with on-line marketing, and businesses, including hotels and independent boutiques with direct mail, and pursuing contacts within the industry. The Company also expects to attend swimwear trade shows across the world.

9Since December 31, 2024, and for the next 3 months during our fiscal year 2025, and for the 2026 fiscal year, our business will be built across four key growth product categories including: (1) Women’s Swimwear, (2) Men’s Swimwear, (3) Women’s Beachwear, and (4) Accessories. Our growth plan is to achieve $500,000 in net revenues within the 15 months following fiscal quarter end December 31, 2024, with majority derived from category (1), Women’s Swimwear. The Company launched the brand in October 2023 with men’s and women’s swimwear, and we have started generating revenue. The Company plans to complete a financing through a private offering for a minimum of $400,000 within the 6-12 months following our December 31, 2024 quarter end. We have not yet entered into any agreements with any parties with respect to obtaining financing for the Company.

WeWithin ~~have~~21 ~~estimated that we will incur minimum expenses equal to $25,000 in the first 12~~ months following our ~~September~~December 3031, 2024 quarter-end in, ~~order to maintain~~ our ~~business~~total ~~operations.~~sales ~~However,~~forecast ifis ~~we complete a financing~~$1, ~~we will devote the capital raised to operational expenses as indicated below~~200,000. ~~The~~This ~~Company~~target ~~will~~is ~~attempt~~comprised ~~to complete a financing for a minimum~~ of $~~400~~1,000,000 Women’s ~~within~~Swimwear ~~6-12~~and ~~months following the Company~~Men’s ~~September~~ 30Swimwear categories, ~~2024~~and ~~quarter-end.~~$200,000 ~~Any~~Beachwear ~~capital~~and ~~raised~~Accessories. ~~will~~We beanticipate ~~through either~~ a ~~private~~sales ~~placement~~growth ~~and~~rate of ~~will~~approximately ~~result~~50% inper ~~the~~year ~~issuance~~for ofour ~~common shares~~first ~~from~~3 ~~the~~operational ~~Company’s authorized capital~~years.

We have estimated that we will incur minimum expenses equal to $25,000 in the first 12 months following our December 31, 2024 quarter-end in order to maintain our business operations. However, if we complete a financing, we will devote the capital raised to operational expenses as indicated below. The Company will attempt to complete a financing for a minimum of $400,000 within 6-12 months following the Company’s December 31, 2024 quarter-end. Any capital raised will be through either a private placement and will result in the issuance of common shares from the Company’s authorized capital.

Working Capital	$	74,000
Legal/Accounting/Filings	$	25,000
Inventory	$	100,000
Advertising and Marketing	$	100,000
General Administrative	$	10,000
Salaries and Customer Service	$	75,000
Telephone	$	1,000
Travel	$	15,000
Total Expenses	$	400,000

~~The~~If ~~above~~we ~~represents~~are ~~our~~unable ~~Managements~~to ~~best~~obtain ~~estimate~~financing ofon ~~our~~reasonable ~~cash~~terms, ~~requirements~~we ~~based~~could onbe ~~our~~forced ~~business~~to ~~plans~~delay ~~and~~or ~~current~~scale ~~market~~back ~~conditions.~~our ~~The above~~plans isfor ~~based~~expansion. onIn ~~our~~addition, such ~~ability~~inability to ~~raise~~obtain ~~sufficient~~ financing ~~and~~on ~~generate~~reasonable ~~adequate~~terms ~~revenues~~could tohave ~~meet~~a material adverse effect on our ~~cash~~business, ~~flow~~operating ~~requirements.~~results, ~~The~~or ~~actual~~financial ~~allocation~~condition. ~~between~~In ~~expenses~~the ~~may~~unlikely ~~vary~~scenario ~~depending~~that onwe ~~the~~are ~~actual~~not ~~funds~~successful ~~raised~~in ~~and~~financing ~~the~~our ~~industry~~target ~~and~~of ~~market~~$400,000 ~~conditions~~or ~~over~~above through a private offering within the ~~next~~first 6 -12-months following our ~~September~~December 3031, 2024 quarter-end we will delay the launch of the Women’s Beachwear, and continue moving forward solely with Men’s and Women’s Swimwear.

The above represents our Managements best estimate of our cash requirements based on our business plans and current market conditions. The above is based on our ability to raise sufficient financing and generate adequate revenues to meet our cash flow requirements. The actual allocation between expenses may vary depending on the actual funds raised and the industry and market conditions over the next 6 months following our December 31, 2024 quarter-end.

On January 13, 2025, the Company announced it is actively pursuing a capital raise of a minimum $5 million USD to accredited investors through a series of tranches subject to satisfaction of closing conditions. The Company expects to enter into an Equity Financing Agreement in the coming weeks with more disclosure regarding pricing and conditions.

The Company intends to use the net proceeds from the private placement primarily for costs directly related to sales and marketing, for research and development, working capital and general corporate purposes, including the costs of operating as a public company. The intent of the capital raise is to begin to position the Company to meet the uplist requirements to Nasdaq.

The Company believes there are many advantages to uplisting from the OTCQB to Nasdaq. Key benefits may include increased visibility and credibility, access to capital, increased trading volume and liquidity, and improved valuation and stock performance. Nasdaq is one of the largest well-known stock exchanges globally, and listing on Nasdaq can attract a larger pool of institutional and retail investors who may not have considered investing in a company on a smaller exchange. Companies listed on Nasdaq are often viewed as more established, credible, and reputable due to the stringent listing requirements and rigorous financial reporting standards, which can lead to a stronger public image. In addition, companies listed on Nasdaq can more readily access capital through secondary offerings, as investors may be more willing to buy shares of a company listed on a major exchange. This is particularly important for LSEB as we are looking to expand and fund new projects. Furthermore, Nasdaq offers a highly liquid marketplace, making it easier for the Company to raise funds and for investors to trade our shares. Greater liquidity can also attract institutional investors who typically prefer markets with higher trading volumes.

The Company is in the initial stages of executing its plan to qualify for an uplist to Nasdaq and there is no guarantee it will be successful in meeting the listing requirements or qualifying for a listing on the Nasdaq exchange.

Reports to Security Holders

The Company intends to furnish its stockholders with annual reports containing consolidated financial statements audited by its independent registered public accounting firm and to make available quarterly reports containing unaudited consolidated financial statements for each of the first three quarters of each year. The Company files Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K with the Securities and Exchange Commission in order to meet its timely and continuous disclosure requirements. The Company may also file additional documents with the Commission if those documents become necessary in the course of its operations.

The public may read and copy any materials that the Company files with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The site address is www.sec.gov.

Results of Operations

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto for the three months and ~~six~~nine months ended ~~September~~December 3031, 2024 and ~~September~~December 3031, 2023, and related management discussion herein.

Our financial statements are stated in U.S. Dollars and are prepared in accordance with generally accepted accounting principles of the United States (“GAAP”).

Going Concern Qualification

Several conditions and events cast substantial doubt about the Company’s ability to continue as a going concern. As reflected in the accompanying financial statements, the Company has recently commenced generating revenue and has an accumulated deficit $~~641~~699,~~870~~747 as of ~~September~~December 3031, 2024 since its inception and requires capital for its contemplated operational and marketing activities to take place. In addition, the Company has experienced negative cash flows from operations since inception. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. Therefore, our ~~auditors~~auditor’s opinion has raised substantial doubt about our ability to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and the implementation of its strategic plans provide the opportunity for the Company to continue as a going concern.

For the ~~six~~nine months ended ~~September~~December 3031, 2024 and ~~September~~December 3031, 2023

Revenue

The Company generated $23,~~574~~272 in sales during the three month period ended ~~September~~December 3031, 2024, and $1,915 for the three month period ended ~~September~~ 30December 31, 2023 ~~the Company did not have any sales~~. For the ~~six~~nine month period ended ~~September~~December 3031, 2024 the Company generated $812,~~856~~128 in sales, and for the ~~six~~nine month period ended ~~September~~December 3031, 2023 the Company ~~did~~generated ~~not~~$1,915 ~~have any~~ sales. The Company launched its new e-commerce platform, laurenbentleyswim.com in October 2023. The Company has received its bulk production from its factory in Portugal in order to generate revenues as the Company expands its operations.

Operating Expenses

Operating expenses for the quarter ended ~~September~~December 3031, 2024 were $5255,~~773~~656, as compared to $5929,~~570~~628 for the quarter ended ~~September~~December 3031, 2023. Operating expenses for the ~~six~~nine month period ended ~~September~~December 3031, 2024 were $93148,~~099~~755, as compared to $90120,~~777~~405 for the ~~six~~nine month period ended ~~September~~December 3031, 2023. The operating expenses were primarily attributed to ongoing consulting expense, professional fees related to the Company’s yearly audit and quarterly reviews, and general expenses related to travel to visit the Company’s factories in Portugal. In addition, the Company has started to increase advertising and promotion for the Lauren Bentley Swimwear brand.

Net loss

The Company reported a net loss of $4957,~~560~~877 for the quarter ended ~~September~~December 3031, 2024, and $6126,~~341~~909 for the quarter ended ~~September~~December 3031, 2023, respectively. The Company reported a net loss of $87145,~~336~~213 for the ~~six~~nine months ended ~~September~~December 3031, 2024, and $92119,~~632~~541 for the ~~six~~nine months ended ~~September~~December 3031, 2023, respectively. The ongoing loss was primarily due to the consulting expenses, professional fees, advertising and promotion, and travel expenses as indicated above.

During the three months ended ~~September~~December 3031, 2024, the Company recorded $213,~~713~~191 in consulting fees as compared to $86,~~536~~021 for the three month period ended December 31, 2023. For the nine months period ended ~~September~~December 3031, 2024 the Company recorded $46,375 in consulting expenses as compared to $19,090 for the nine months period ended December 31, 2023. In addition, professional fees for the three month period ended ~~September 30~~December 31, 2024 were $1528,~~915~~344 as compared to the three month period ended ~~September~~December 3031, 2023 $67,~~732~~968. ~~The~~For the nine months period ended December 31, 2024 the Company recorded $49,624 in professional fees as compared to $18,992 for the nine months period ended December 31, 2023.The increase in professional fees and consulting fees relates to an increase in the amount of time required for the auditor to value inventory as well as the Company’s need to attract investment capital to expand business operations.

The Company expects professional and legal fees to remain consistent going forward as the Company is a public reporting company with the Securities and Exchange Commission, which requires that it maintain relationships with both PCAOB registered audit firms and securities counsel to assist with the SEC reporting requirements. In addition, the Company may also attempt to purchase other companies or assets, and operations of other entities if the advantageous situation presents itself. This could require the Company to incur substantial professional fees.

The Company reported $97,~~485~~738 in General and Administrative Expenses for the quarter ended ~~September~~December 3031, 2024 as compared to $2211,~~158~~174 for the quarter ended ~~September~~December 3031, 2023. For the nine months period ended December 31, 2024 the Company reported $27,758 in General and Administrative Expenses as compared to $39,742 for the nine months period ended December 31, 2023.The decrease in General and Administrative Expenses is primarily attributed to lower travel expenses related to visiting our manufacturer in Porto, Portugal.

The Company has also reported $516,~~435~~175 in Advertising and Promotion Expenses for the quarter ended ~~September~~December 3031, 2024 as compared to $224,~~074~~400 for the quarter ~~September~~December 3031, 2023. The ~~decrease~~increase in Advertising and Promotion during the quarter ended December 31, 2024 was due to advertising and promotion for the Lauren Bentley Swimwear brand. For the nine months period ended December 31, 2024 the Company reported $24,322 in Advertising and Promotion as compared to $42,370 for the nine months period ended December 31, 2023. The decrease in Advertising and Promotion Expenses is primarily attributed to the Company bearing the expenses for the website development and campaign shoot in previous quarter periods. The Company expects the Advertising and Promotion Expense to increase going forward as the Company expands its promotion of the Lauren Bentley Swimwear line.

We anticipate generating losses and, therefore, may be unable to continue operations in the future. If we require additional capital, we will have to issue debt or equity or enter into a strategic arrangement with a third party.

Income Tax

During the period from inception (April 3, 2019) to ~~September~~December 3031, 2024, we had no provision for income taxes due to the net operating losses incurred.

Off Balance Sheet Financing

We have no off-balance sheet arrangements.

Going Concern

As reflected in the accompanying financial statements, the Company has recently started generating revenue and has an accumulated deficit $~~641~~699,~~870~~747 as of ~~September~~December 3031, 2024. In addition, the Company has experienced negative cash flows from operations since inception. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

Liquidity and Capital Resources

	Period Ended September 30, 2024			Period Ended September 30, 2023
	Period Ended December 31, 2024			Period Ended December 31, 2023
Net Cash Provided by (Used in) Operating Activities	$	(36108,~~806~~299	)	$	(96109,~~726~~027	)
Net Cash Used in Investing Activities		-			-
Net Cash Provided by (Used in) Financing Activities		34104,~~346~~955			107,~~242~~131
Net Increase (Decrease) in Cash	$	(23,~~460~~344	)	$	10(1,~~516~~896	)

Our cash balance was $1,~~988~~104 and $4,448 as of ~~September~~December 3031, 2024, and as of March 31, 2024, respectively. We recorded a net loss of $4957,~~560~~877 for the three month period ended ~~September~~December 3031, 2024, and $6126,~~341~~909 for the three month period ended ~~September~~December 3031, 2023, respectively.

We believe we can satisfy our cash requirements for the next 6 months. We anticipate that our fixed costs made up of legal & accounting and general & administrative expenses for the next 6 months will total approximately $25,000. Legal and accounting expenses of $20,000 represents the minimum funds needed to sustain operations. The $25,000 will be financed through the Company’s cash balance of $1,~~988~~104, additional financing, net sales, and if needed, an advance from our directors, Lauren Bentley and Jordan Starkman. Currently there is no firm loan commitment between the Company and Lauren Bentley and Jordan Starkman in place. We do not anticipate the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees, until financing is raised. The foregoing represents our best estimate of our cash needs based on our current business condition. The exact allocation, purposes and timing of any monies raised in subsequent private financings may vary significantly depending upon the exact amount of funds raised and our progress with the execution of our business plan. It is currently expected that the Company will spend an additional $250,000 in variable costs relating to marketing and business development that will be funded from future financings.

We expect our expenses will continue to increase during the foreseeable future as a result of increased operations, the production of our swimwear, and marketing expenses for our business operations. We anticipate generating revenues from the brand launch in October 2023. The success of our operations is dependent on attaining adequate revenue. We cannot assure investors that adequate revenues will be generated. In the absence of our projected revenues, we may be unable to proceed with our plan of operations. Even without adequate revenues within the next 6 months, we still anticipate being able to continue with our present activities, but we may require financing to achieve our profit, revenue, and growth goals.

In the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to proceed with our business plan for the development and marketing of our core services. Should this occur, we would likely seek additional financing to support the continued operation of our business. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern. Consequently, we are dependent on the proceeds from future debt or equity investments to sustain our operations and implement our business plan. If we are unable to raise sufficient capital, we will be required to delay or forego some portion of our business plan, which would have a material adverse effect on our anticipated results from operations and financial condition. There is no assurance that we will be able to obtain necessary amounts of capital or that our estimates of our capital requirements will prove to be accurate.

The Company is currently seeking funding for our continued operations. The Company intends to raise a minimum of $400,000 and a maximum of $1,000,000 in order to expand the introduction and launch of the www.laurenbentleyswim.com e-commerce site to the retail community and fashion world. The Company launched the site in October 2023. To achieve our goals the Company expects to commit the majority of its funding to production of the swimwear lines, and to the advertising of the Company’s web site. There is no assurance that the company will be able to raise the capital required to complete its goal and objectives and the Company is currently seeking capital to further its business plan. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company’s authorized capital. There are no agreements with any parties at this point in time for additional funding; however, we are in preliminary discussions with various funders in the US.

We presently do not have any significant credit available, bank financing or other external sources of liquidity. Due to our operating losses, our operations have not been a source of liquidity. We will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding.

To the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If additional funds are raised through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuance of stock in lieu of cash, which may also result in dilution to existing shareholders. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing.

No assurance can be given that sources of financing will be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to us. If funding is insufficient at any time in the future, we may not be able to take advantage of business opportunities or respond to competitive pressures or may be required to reduce the scope of our planned marketing efforts and development of various swimwear styles, any of which could have a negative impact on our business and operating results. In addition, insufficient funding may have a material adverse effect on our financial condition, which could require us to: 1) Limit the production of a select swimwear designs, 2) Seek strategic partnerships that may force us to relinquish control of the Company, or 3) Explore potential mergers or sales of significant assets of our Company.

Recently Issued Accounting Standards

We do not expect the adoption of any recently issued accounting pronouncements to have a significant impact on our net results of operations, financial position, or cash flows of the Company.

Seasonality

The swimwear industry in North America is seasonal however, we do not expect our sales to be dramatically impacted by seasonal demands for our products and services since our market is worldwide.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Effects of Inflation

We do believe that inflation will have an impact on our business, revenues or operating results during the periods presented.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Not required for Smaller Reporting Companies.

Item 4.

Controls and Procedures

Evaluation of disclosure controls and procedures

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean the company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a simple system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to principal executive and principal financial officers to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective to provide reasonable assurance of achieving the objectives of timely alerting them to material information required to be included in our periodic SEC reports and of ensuring that such information is recorded, processed, summarized and reported with the time periods specified. Our chief executive officer and chief financial officer also concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report to provide reasonable assurance of the achievement of these objectives.

Changes in internal controls over financial reporting

There were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or 15d-15 of the Exchange Act that occurred during the quarter ended ~~September~~December 3031, 2024, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1.

Legal Proceedings

We are currently not involved in any litigation that we believe could have a materially adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our company’s or our company’s subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Item 1A.

Risk Factors

Not required for Smaller Reporting Companies.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

~~On August 30, 2024, the Company issued 80,000 common shares at $0.10 per share for cash payment of $8,000.~~None

On September 1, 2024, the Company issued 200,000 for Consulting services at $0.10 per share. The company recognized the total amount of $20,000 as Consulting expense in Statement of Operations.

Item 3.

Defaults Upon Senior Securities

None

Item 4.

Mine Safety Disclosures

Not Applicable

Item 5.

Other Information

None

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Item 6.

Exhibits

31.1*	Certification of CEO required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2*	Certification of CFO required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1**	Certification of CEO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63

32.2**	Certification of CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63

101.INS*	Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document

101.SCH*	Inline XBRL Taxonomy Extension Schema Document

101.CAL*	Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF*	Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB*	Inline XBRL Taxonomy Extension Labels Linkbase Document

101.PRE*	Inline XBRL Taxonomy Extension Presentation Linkbase Document

104*	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

Filed herewith.

Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	LSEB Creative Corp.
	By:	/s/ Lauren Bentley
		Lauren Bentley
		President, Director, Principal Executive Officer
	By:	/s/ Jordan Starkman
		Jordan Starkman Director, Chief Financial Officer, Principal Accounting Officer Dated: November 19, 2024.
		Jordan Starkman Director, Chief Financial Officer, Principal Accounting Officer Dated: March 31, 2025.

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Filing Compare · LSEB Creative Corp.