v3.26.1
BANK BORROWINGS AND OTHER BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
SCHEDULE OF BANK AND OTHER BORROWINGS

 

      2025   2024 
      USD   USD 
            
(a) Bank borrowings (Note (i))        
  Bank overdrafts - variable rate  $1,371,598   $1,505,771 
   Bank borrowings - fixed rate   2,121,080    6,713,288 
   Bank borrowings - variable rate   2,130,248    2,133,931 
       5,622,926    10,352,990 
              
   Secured bank borrowings (Note (ii))   5,622,926    10,085,523 
   Unsecured bank borrowings   -    267,467 
   Total   5,622,926    10,352,990 
              
   The carrying amounts of the above borrowings are repayable:          
   Within one year   5,622,926    10,313,887 
   Within a period of more than one year but not exceeding two years   -    39,103 
   Total   5,622,926    10,352,990 
              
   Less: Amounts due within one year shown under current liabilities:   (5,622,926)   (10,313,887)
   Amounts shown under non-current liabilities:   -    39,103 
              
(b)  Other borrowings (Note (iii))          
   Unsecured other borrowings - related parties - fixed rate (Note 23)   -    425,255 
   Unsecured other borrowings - fixed rate   356,431    704,886 
   Total   356,431    1,130,141 

 

Note:

 

  (i) Bank borrowings carry a weighted average effective interest rate at 4% (2024: 5%).
  (ii) Secured bank borrowings were pledged by the personal guarantee and the private real estate properties owned by our former shareholders.
  (iii) Included in other borrowings, an aggregate loan balance from related parties of nil (2024: USD425,255) was unsecured, interest-free or interest bearing at nil (2024: 8% p.a.). A principal amount of USD356,431 (2024: USD704,886) was unsecured, interest bearing at 3.6% p.a. (2024: interest free or interest bearing at 6% to 7.2% p.a). All these balances were repayable within one year after the end of the reporting period.