My City Builders, Inc.

Previous wording

During the six months ended January 31, 2026, the Company continued to pursue its operating strategy of acquiring, developing, and preparing real estate for future construction of multifamily housing. As disclosed above (Asset Acquisition), the Company acquired four acres of land in Glencoe, Alabama, valued at $350,000, for the purpose of developing up to 25 multifamily housing units across multiple phases, beginning with an 8-unit duplex development in Phase I. This property represents the Company’s primary operating asset and is integral to its long-term revenue strategy.

Current wording

During the nine months ended April 30, 2026, the Company continued to pursue its operating strategy of acquiring, developing, and preparing real estate for future construction of multifamily housing. As disclosed above (Asset Acquisition), the Company acquired four acres of land in Glencoe, Alabama, valued at $350,000, for the purpose of developing up to 25 multifamily housing units across multiple phases, beginning with an 8-unit duplex development in Phase I. This property represents the Company’s primary operating asset and is integral to its long-term revenue strategy.

Previous wording

These operating activities generated $94,244 of operating expenses during the six months ended January 31,2026, a level of activity that reflects the Company’s current stage of development operations rather than dormant or nominal activity.

Current wording

These operating activities generated $100,792 of operating expenses during the nine months ended April 30,2026, a level of activity that reflects the Company’s current stage of development operations rather than dormant or nominal activity.

Previous wording

The Company continues to have limited cash resources and a working capital deficit, and it does not currently generate revenues from operations. Management estimates that the Company will require approximately $125,000 over the next twelve months for legal, accounting, audit, and general corporate expenses. As of January 31, 2026, the Company had a working capital deficit of approximately $7,275. The Company’s ability to meet its obligations as they become due is dependent upon raising additional capital or obtaining financing.

Current wording

The Company continues to have limited cash resources and a working capital deficit, and it does not currently generate revenues from operations. Management estimates that the Company will require approximately $125,000 over the next twelve months for legal, accounting, audit, and general corporate expenses. As of April 30, 2026, the Company had a working capital deficit of approximately $30,540. The Company’s ability to meet its obligations as they become due is dependent upon raising additional capital or obtaining financing.

Previous wording

During the prior fiscal year, the Company completed the sale of its former operating subsidiary, which had historically generated substantially all revenues and held the majority of the Company’s operating assets. As a result, the Company has no revenues from continuing operations for the six months ended January 31, 2026, and its operating results differ materially from prior-period presentations.

Current wording

During the prior fiscal year, the Company completed the sale of its former operating subsidiary, which had historically generated substantially all revenues and held the majority of the Company’s operating assets. As a result, the Company has no revenues from continuing operations for the nine months ended April 30, 2026, and its operating results differ materially from prior-period presentations.

Previous wording

Our operating results for the six months ended January 31, 2026, and 2025, and the changes between those periods for the respective items are summarized as follows:

Current wording

Our operating results for the nine months ended April 30, 2026, and 2025, and the changes between those periods for the respective items are summarized as follows:

Previous wording

Three Months Ended January 31, 2026, compared to the Three Months ended January 31,2025

Current wording

Three Months Ended April 30, 2026, compared to the Three Months ended April 30,2025

Previous wording

We had a net loss from continuing operations of $94,244 for the six months ended January 31, 2026, and $78,387 for the six months ended January 31, 2025. The increase in net loss of $15,857 was due to an increase in operating expenses of $8,488, other expenses of $8,497 offset by a decrease in income tax of $1,128.

Current wording

We had a net loss from continuing operations of $23,265 for the three months ended April 30, 2026, and $19,534 for the three months ended April 30, 2025. The increase in net loss of $3,731 was due to an increase in other expenses of $8,220, offset by a decrease in operating expenses of $4,489.

Previous wording

Continuing operating expenses for the three months ended January 31, 2026, and 2025 were $53,610 and $39,442, respectively. For the three months ended January 31, 2026, and 2025, the operating expenses were primarily attributed to professional fees of $52,149 and $38,854 and general and administrative expenses of $1,461 and $588, respectively.

Current wording

Continuing operating expenses for the three months ended April 30, 2026, and 2025 were $15,045 and $19,534, respectively. For the three months ended April 30, 2026, and 2025, the operating expenses were primarily attributed to professional fees of $14,892 and $17,943 and general and administrative expenses of $153 and $1,591, respectively.

Previous wording

Continuing other expenses for the three months ended January 31, 2026, and 2025 were $8,497 and $0, respectively. The other expenses were primarily attributed to interest related to related party promissory note payable of $350,000 with three years term and carries an interest rate of 9.5% per annum.

Current wording

Continuing other expenses for the three months ended April 30, 2026, and 2025 were $8,220 and $0, respectively. The other expenses were primarily attributed to interest related to related party promissory note payable $350,000 with three years term and carries an interest rate of 9.5% per annum.

Previous wording

For the three months ended January 31, 2025, we generated discontinued revenue from rent income of $ 29,743.

Current wording

For the three months ended April 30, 2025, we generated discontinued revenue from rent income of $ 34,961.

Previous wording

We had a net loss from discontinued operations of $37,729 for the three months ended January 31, 2025. Discontinued operating expenses for the three months ended January 31, 2025, were $37,698. For the three months ended January 31, 2025, the discontinued operating expenses were primarily attributed to cost of rental homes of $6,256, depreciation expenses of $17,415 and general and administrative expenses of $14,027.

Current wording

We had a net loss from discontinued operations of $42,733 for the three months ended April 30, 2025. Discontinued operating expenses for the three months ended April 30, 2025, were $47,903. For the three months ended April 30, 2025, the discontinued operating expenses were primarily attributed to cost of rental homes of $12,100, depreciation expenses of $17,951, professional fees of $4,316 and general and administrative expenses of $13,536.

Previous wording

Discontinued other expenses for the three months ended January 31, 2025, represent interest expenses of $29,774 for banks borrowing and third-party loan,

Current wording

Discontinued other expenses for the three months ended April 30, 2025, represent interest expenses of $29,791 for banks borrowing and third-party loan,

Previous wording

Six Months Ended January 31, 2026, compared to the Six Months ended January 31,2025

Current wording

Nine Months Ended April 01, 2026, compared to the Nine Months ended April 30,2025

Previous wording

During the six months ended January 31, 2026, and 2025, we did not generate revenue from continuing operations activities.

Current wording

During the nine months ended April 30, 2026, and 2025, we did not generate revenue from continuing operations activities.

Previous wording

We had a net loss from continuing operations of $62,107 for the three months ended January 31, 2026, and $40,570 for the three months ended January 31, 2025. The increase in net loss of $21,537 was due to an increase in operating expenses of $14,168, other expenses of $8,497 offset by a decrease in income tax of $1,128.

Current wording

We had a net loss from continuing operations of $117,509 for the nine months ended April 30, 2026, and $97,921 for the nine months ended April 30, 2025. The increase in net loss of $19,588 was due to an increase in operating expenses of $3,999, other expenses of $16,717 offset by a decrease in income tax of $1,128.

Previous wording

Continuing operating expenses for the six months ended January 31, 2026, and 2025 were $85,747 and $77,259, respectively. For the six months ended January 31, 2026, and 2025, the operating expenses were primarily attributed to professional fees of $82,696 and $76,581 and general and administrative expenses of $3,051 and $678, respectively.

Current wording

Continuing operating expenses for the nine months ended April 30, 2026, and 2025 were $100,792 and $96,793, respectively. For the nine months ended April 30, 2026, and 2025, the operating expenses were primarily attributed to professional fees of $97,588 and $94,524 and general and administrative expenses of $3,204 and $2,269, respectively.

Previous wording

Continuing other expenses for the six months ended January 31, 2026, and 2025 were $8,497 and $0, respectively. The other expenses were primarily attributed to interest related to related party promissory note payable of $350,000 with three years term and carries an interest rate of 9.5% per annum.

Current wording

Continuing other expenses for the nine months ended April 30, 2026, and 2025 were $16,717 and $0, respectively. The other expenses were primarily attributed to interest related to related party promissory note payable $350,000 with three years term and carries an interest rate of 9.5% per annum.

Previous wording

For the six months ended January 31, 2025, we generated discontinued revenue from rent income of $ 55,271.

Current wording

For the nine months ended April 30, 2025, we generated discontinued revenue from rent income of $ 90,232.

Previous wording

We had a net loss from discontinued operations of $74,397 for the six months ended January 31, 2025. Discontinued operating expenses for the six months ended January 31, 2025, were $79,973. For the six months ended January 31, 2025, the discontinued operating expenses were primarily attributed to cost of rental homes of $12,849, depreciation expenses of $32,366, professional fees of $13,520 and general and administrative expenses of $21,238.

Current wording

We had a net loss from discontinued operations of $117,130 for the nine months ended April 30, 2025. Discontinued operating expenses for the nine months ended April 30, 2025, were $127,876. For the nine months ended April 30, 2025, the discontinued operating expenses were primarily attributed to cost of rental homes of $24,949, depreciation expenses of $50,317, professional fees of $17,836 and general and administrative expenses of $34,774.

Previous wording

Discontinued other expenses for the six months ended January 31, 2025, represent interest expenses of $49,695 for banks borrowing and third-party loan,

Current wording

Discontinued other expenses for the nine months ended April 30, 2025, represent interest expenses of $79,486 for banks borrowing and third-party loan,

Previous wording

As of January 31, 2026, our current assets were $49,286 and our current liabilities were $56,561 which resulted in working capital deficiency of $7,275. As of January 31, 2026, current assets were comprised of $14,823 in cash and $34,463 in due from related party, compared to $2,189 in cash, $5,000 in prepaid expenses and $35,623 in due from related party as of July 31, 2025.

Current wording

As of April 30, 2026, our current assets were $39,094 and our current liabilities were $69,634 which resulted in working capital deficiency of $30,540. As of April 30, 2026, current assets were comprised of $2,921 in cash, $1,710 in prepaid expenses and $34,463 in due from related party, compared to $2,189 in cash, $5,000 in prepaid expenses and $35,623 in due from related party as of July 31, 2025.

Previous wording

As of January 31, 2026, current liabilities were comprised of $17,907 in accounts payable and accrued liabilities, $25,764 in dividends payable and $12,890 due to related party, compared to $2,720 in accounts payable, $35,623 in dividends payable, as of July 31, 2025.

Current wording

As of April 30, 2026, current liabilities were comprised of $26,538 in accounts payable and accrued liabilities, $22,890 in dividends payable and $20,206 in due to related party, compared to $2,720 in accounts payable and $35,623 in dividends payable, as of July 31, 2025.

Previous wording

We have not generated positive cash flows from operating activities. For the six months ended January 31, 2026, net cash used in operating activities was $39,767. This consisted primarily of a net loss of $94,244 partially offset by changes in working capital, including increases in accounts payable and accrued liabilities of $15,187 and due to related parties of $34,290.

Current wording

We have not generated positive cash flows from operating activities. For the nine months ended April 30, 2026, net cash used in operating activities was $56,111, consisting of a net loss of $117,509, reduced by prepaid expenses of $3,290, accounts payable and accrued liabilities of $23,818, due from related party receivable of $1,160 and due to related party payable of $33,130.

Previous wording

For the six months ended January 31, 2025, net cash flows used in operating activities was $415,348, consisting of a net loss of $152,784, reduced by depreciation expenses of $32,366, amortization of debt discount of $1,489, accounts receivable of $1.483 and increased by accounts payable and accrued liabilities of $12,821, prepaid expenses of $22,719 and homes inventory cost for sales of $262,362.

Current wording

For the nine months ended April 30, 2025, net cash flows used in operating activities was $644,036, consisting of a net loss of $215,051, reduced by depreciation expenses of $50,317, amortization of debt discount of $9,257, rent deposit payable of $1,000 and increased by accounts payable and accrued liabilities of $42,655, prepaid expenses of $21,593, accounts receivable of $1,756 and homes inventory cost for sales of $423,555.

Previous wording

During the six months ended January 31, 2026, and 2025, the Company used $0 and $267,015 for payments of construction expenses, respectively.

Current wording

During the nine months ended April 30, 2026, and 2025, the Company used $0 and $446,403 in investing activities, respectively.

Previous wording

During the six months ended January 31,2026 and 2025, the Company provided $52,401 and $679,467 by financing activities, respectively.

Current wording

During the nine months ended April 30, 2026, and 2025, the Company provided $56,843 and $1,086,007 by financing activities, respectively.

Previous wording

During the six months ended January 31, 2026, the Company received $82,500 from issuance of common stock, $10,000 advance from a related party and repaid due to related party of $30,240 and dividend of $9.859.

Current wording

During the nine months ended April 30, 2026, the Company received $82,500 from issuance of common stock, $20,000 advance from a related party and repaid due to related party of $30,240 and dividend of $15,417.

Previous wording

During the six months ended January 31, 2025, the Company received advance from a related party of $835,000, bank borrowings of $102,534 and repaid loan payable -related party of $28,500, due to related parties of $225,000 and bank borrowings of $4,567.

Current wording

During the nine months ended April 30, 2025, the Company received advance from a related party of $1,249,200, bank borrowings of $575,690 and repaid loan payable -related party of $28,500, due to related parties of $340,700 and bank borrowings of $369.683.

Previous wording

Our condensed financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. These conditions are also described in Note 3 to the condensed financial statements. During the six months ended January 31, 2026, we incurred net loss of $94,244 and net cash used in operating activities of $39,767. As of January 31, 2026, we had an accumulated deficit of $4,987,576 and working capital deficiency of $7,275. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management plans to raise necessary funding through equity and debt financing arrangements, which may be insufficient to fund its capital expenditure, working capital and other cash requirements. The ability of the Company is dependent upon, among other things, obtaining financing to continue operations and continue developing the business plan. The Company cannot give any assurance as to the ability to develop or operate profitably. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Current wording

Our condensed financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. These conditions are also described in Note 3 to the condensed financial statements. During the nine months ended April 30, 2026, we incurred net loss of $117,130 and net cash used in operating activities of $56,111. As of April 30, 2026, we had an accumulated deficit of $5,010,841and working capital deficiency of $30,540. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management plans to raise necessary funding through equity and debt financing arrangements, which may be insufficient to fund its capital expenditure, working capital and other cash requirements. The ability of the Company is dependent upon, among other things, obtaining financing to continue operations and continue developing the business plan. The Company cannot give any assurance as to the ability to develop or operate profitably. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.