DUE TO RELATED PARTIES

12 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

DUE TO RELATED PARTIES

6. DUE TO RELATED PARTIES

As of June 30, 2024, due to related parties balance of $405,546 (June 30, 2023: $367,985) represents the combination of the following:

a)	$377,546 (June 30, 2023: $339,985) 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, 2023: $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.
c)	$75,500 (June 30, 2023: $75,500) owed to a shareholder 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.