DUE TO RELATED PARTIES

6 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

DUE TO RELATED PARTIES

6. DUE TO RELATED PARTIES

As of December 31, 2024, due to related parties balance of $435,410 (June 30, 2024: $405,546) represents the combination of the following:

a) $407,410 (June 30, 2024: $377,546) was payable to a principal shareholder’s company, for the operating expenses paid by the related party on behalf of the Company. The loan amount is unsecured, non-interest bearing and due on demand;

b) $28,000 (June 30, 2024: $28,000) owed to a director of the Company, for the amount of office, travel and telephone expenses paid by the related party on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand.