Related Party Disclosures

12 Months Ended

Apr. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 9 - RELATED PARTY TRANSACTIONS

These related party transactions noted below are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

On April 30, 2012, we acquired one hundred (100) percent of the issued and outstanding capital stock of DTS8 Holdings Co., Ltd. a corporation organized and existing under the laws of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd. a wholly owned foreign subsidiary entity (“WOFE”) corporation organized and existing under the laws of the People’s Republic of China from the sole shareholder Sean Tan by issuing four million dollars ($4,000,000) of bonds payable in favor of Sean Tan. The bonds are payable at the end of sixty (60) calendar months; April 29, 2017, or earlier on a mutually agreed date. The bonds payable bear an interest rate of three percent (3%) per annum. Interest on the bond are calculated, accrued and paid annually. The vendor, Sean Tan, is also the Chief Executive Officer and director of the Company. Upon acquisition, DTS8 Holdings Co. Ltd became a wholly owned subsidiary of Berkeley Coffee & Tea, Inc. and a Bond Payable for $4,000,000 was issued to Sean Tan.

On acquisition of DTS8 Holdings Co. Ltd, we assumed a loan from Sean Tan to DTS8 Holdings Co. Ltd. As of April 30, 2012 and April 30, 2011, $120,000 and $465,558 was recorded as payable to shareholder who is our Chief Executive Officer and director. No interest payment was due. The payable to the shareholder bears no interest and has no fixed term of repayment. Sean Tan has agreed not to demand payment within the next fiscal year.