Current Report Filing (8-k)

Share Name	Share Symbol	Market	Type
Arma Services Inc (CE)	USOTC:ARMV	OTCMarkets	Common Stock

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2023

ARMA SERVICES, INC.

(Exact name of registrant as specified in its charter)

Nevada	333-202398	32-0449388
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

Suite 140-920 7260 West Azure Drive

Las Vegas, Nevada 89130

(Address of principal executive offices (zip code))

1-416-881-2275

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

JUMPSTART OUR BUSINESS STARTUPS ACT

The Company qualifies as an “emerging growth company” as defined in Section 101 of the Jumpstart our Business Startups Act (the “JOBS Act”) as we do not have more than $1,070,000,000 in annual gross revenue and did not have such amount as of October 31, 2022 our last fiscal year. We are electing to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act.

We may lose our status as an emerging growth company on the last day of our fiscal year during which (i) our annual gross revenue exceeds $2,000,000,000 or (ii) we issue more than $2,000,000,000 in non-convertible debt in a three-year period. We will lose our status as an emerging growth company if at any time we are deemed to be a large accelerated filer. We will lose our status as an emerging growth company on the last day of our fiscal year following the fifth anniversary of the date of the first sale of common equity securities pursuant to an effective registration statement.

As an emerging growth company, we are exempt from Section 404(b) of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”) and Section 14A(a) and (b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such sections are provided below:

Section 404(b) of the Sarbanes-Oxley Act requires a public company’s auditor to attest to, and report on, management’s assessment of its internal controls.

Sections 14A(a) and (b) of the Exchange Act, implemented by Section 951 of the Dodd-Frank Act, require companies to hold shareholder advisory votes on executive compensation and golden parachute compensation.

As long as we qualify as an emerging growth company, we will not be required to comply with the requirements of Section 404(b) of the Sarbanes-Oxley Act and Section 14A(a) and (b) of the Exchange Act.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K or Form 8-K and other reports filed by us from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to us or our management identify forward looking statements. Such statements reflect the current view of our management with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the section of this report entitled “Risk Factors”) as they relate to our industry, our operations and results of operations, and any businesses that we may acquire. Should one or more of the events described in these risk factors materialize, or should our underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results. The following discussion should be read in conjunction with our pro forma financial statements and the related notes that will be filed herein.

Item 1.01 Entry into Material Definitive Agreement

On February 27, 2023, Arma Services Inc. (“ARMV,” or the “Company”) entered into a share exchange agreement (the “Share Exchange Agreement”) with Wenflor International Inc. and Bret International Holding Corp., owner of 100% of Bret Consultores, SAPI de CV: Carbon Capture (“Bret”), a Mexican corporation, and Ecapfin Sapi de Cv., and Eric Eastwood Nixon (“Appointee”), as the President, & CEO and director of ARMV. Under the Share Exchange Agreement, One Hundred Percent (100%) of the ownership interest of Bret was exchanged for 6,000,000 shares of common stock of ARMV issued to Wenflor International Inc. The former stockholders of Bret will acquire a majority of the issued and outstanding common stock as a result of the share exchange transaction. The transaction has been accounted for as a recapitalization of the Company, whereby Bret is the accounting acquirer.

Immediately after completion of such share exchange, the Company has a total of 12,240,000 issued and outstanding shares, with authorized share capital for common shares of 75,000,000.

Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the “Exchange Act”) and Bret is now a wholly owned subsidiary.

Item 2.01 Completion of Acquisition or Disposition of Assets

As described in Item 1.01 above, on 27 February we acquired all the issued and outstanding shares of Bret pursuant to the Share Exchange Agreement and Bret became our wholly owned subsidiary. The acquisition was accounted for as a recapitalization effected by a share exchange, wherein Bret is considered the acquirer for accounting and financial reporting purposes.

As a result of the acquisition of all the issued and outstanding shares of Bret, we have now assumed Bret’s business operations as our own.

FORM 10 DISCLOSURE

As mentioned in Item 1.01, on February 27, 2023, the Company effectively acquired Bret in a Reverse Merger business combination transaction and of which the Company was a shell company prior to such acquisition is now entering into a business combination, other than a business combination with a shell company, as those terms are defined in Rule 12b-2 under the Exchange Act, according to Item 2.01(f) of Form 8-K, the registrant is required to disclose the information that would be required if the registrant were filing a general form for registration of securities under the Exchange Act on Form 10.

We hereby provide below information that would be included in a Form 10 registration statement.

Description of Business

Corporate History

Arma Services, Inc. was incorporated by our director in the State of Nevada on September 2, 2014. Our primary business was to be destination management and event management services initially in the Russian Federation, but with plans at a later stage to spread our business to America and China. We attempted to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition tourism in Russia for corporate customers from United States, China and Russia.

Prior management was comprised of one person, Sergey Gandin. Mr. Sergey Gandin resign from the positions of the Director, CEO and CFO of the Company and be appointed solely as Secretary of Arma Services Inc. The Company and Mr. Gandin are in agreement that these changes were effective from March 26, 2022. The Company appointed Clive Hill, 66, from the United Kingdom to the positions of Director, CEO and CFO of the Company. This appointment was effective from March 26, 2022. On August 17, 2022, Clive Hill resigned as President, Chief Executive Officer, Chief Financial Officer, and as a Member of the Board of Directors of the Company. Also on August 17, 2022, B. Maria Teresa Tattersfield consented to act as a Member of the Board of Directors of the Company, Alberto Ramirez consented to act as a Member of the Board of Directors of the Company, Eduardo Piquero consented to act as a Member of the Board of Directors of the Company, and Jaime Sanchez Cortina consented to act as the new President, CEO, CFO, and Member of the Board of Directors of the Company. On January 27, 2023, Jaime Sanchez Cortina resigned immediately as CEO, CFO, President and a member of the Board of Directors. Also on January 27, 2023, Eric Nixon agreed to be appointed the President, Chief Executive Officer, Chief Financial Officer, and as a Member of the Board of Directors of the Company.

On March 2, 2015, the Company filed a Form S-1 for registration of securities under the Securities Act of 1933. The S-1 was eventually declared effective on August 12, 2016, and at that time the Company became a fully reporting public company.

On March 28, 2022, the management of the Company, approved the engagement of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the Company’s fiscal year ended October 31, 2022, effective immediately, and dismissed Zia Masood Kiani & Co. Chartered Accountants (“ZMK”), as the Company's independent registered public accounting firm.

The reports of ZMK on the Company's consolidated financial statements as of and for the years ended October 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. ZMK reports for the fiscal years ended October 31, 2021 and 2022 included an explanatory paragraph indicating that there was substantial doubt about the Company’s ability to continue as a going concern.

ZMK was dismissed as the Company’s CPA through a mutual agreement between Arma Services, Inc. and the ZMK.

On June 20, 2022, the there was a change of control of the company Mr. Corin Bailey purchased Four Million Shares (4,000,000) from Ruslan Mishin the control shareholders.

On December 14, 2022, the there was a change of control of the company Mr. Ronny Fabien Suarez Araya purchased Three Million Shares (3,000,000) from Corin Bailey the control shareholders.

On January 26, 2023, Arma Services, Inc. (the “Company”) terminated its engagement with BF Borgers CPA PC (“BFB”), the Registrant’s prior independent registered public accounting firm, and thereafter provided BFB with its disclosures in the Current Report on Form 8-K disclosing the termination of the engagement of BFB and requested in writing that BFB furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. BFB's response is filed as an exhibit to this Current Report on Form 8-K.

BFB had not provided any reports to the financial statements of the Company but reviewed the reports for the quarters ended January 31, 2022, April 30, 2022 and September 30, 2022. There had been no disagreements with BFB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal year ended October 31, 2022, nor in the subsequent periods through January 26, 2023.

On January 26, 2023, the Board of Directors of the Company engaged OLAYINKA OYEBOLA & CO. (“OOC”) as its independent accountant to provide auditing services for going forward for the Company. The Company has terminated the engagement of BFB. The decision to hire OOC was approved by the Company’s Board of Directors.

Immediately after completion of such share exchange, the Company has a total of 12,240,000 issued and outstanding shares, with authorized share capital for common share of 75,000,000.

Business Overview

ARMA Services Inc. (“ARMV” or the “Company”) is a US holding company incorporated in Nevada on September 2, 2014, entered into an agreement on February 27, 2023 to acquire all the outstanding shares of Bret International Holding Corp which operates through the Company’s wholly owned subsidiary Bret Consultores, SAPI de CV: Carbon Capture (“Bret”), a Mexican corporation incorporated on August 2, 2021 and Ecapfin Sapi de Cv (Mexico) a company specialized in developing methodologies of carbon capture in agricultural applications.

The company seeks to promote healthy, sustainable, and resilient rural economies through the carbon market, while strengthening the participation of rural communities in project development and decision-making. At the same time, companies, organizations and individuals can offset their emissions and meet their climate goals.

The company assists in the re-foresting, forest management and monetization of the Carbon Captured. It promotes healthy, sustainable, and resilient rural economies through the carbon market, while strengthening the participation of communities and private landowners in project development and decision-making. At the same time, companies, organizations and individuals can offset their emissions and meet their climate goals. The company works under international standards such as CAR and Verra, and social and environmental safeguards with rural communities to issue carbon credits to be sold in the Global Carbon Market.

Businesses and other organizations buy carbon credits for three reasons; a) to comply with a regulated market, b) to speculate trading with them c) to offset a carbon footprint voluntarily, and to contribute to conservate forests, mangroves and other important ecosystems.

Bret’s carbon credits (one carbon credit equals one metric ton of CO2 removed or avoided) are verified by an independent third party the certifies them, following a robust carbon standard, such as CAR or Verra. This ensures: i) Additionality - the reductions in emissions must be “above business as usual” – they would not have happened unless the project was implemented. ii) Permanence - the GHGs must be permanently reduced or sequestered. Permanence is defined as providing lasting benefits to the environment. iii) Leakage - there can be no shifting of emissions from one place to another due to a project. Bret provides training on climate change issues, building of inventories, generation of offsets, carbon market basics and community empowerment, transferring know-how to locales and providing them with additional revenue streams.

The Bret team has over 12 years of experience in the implementation of community carbon capture projects in Mexico. They are pioneers in developing specialized standards in the Mexican context of land tenure, communal land, and integration of indigenous minorities.

A.I. Addressing the Compliance Accountability in the Carbon Market

Arma Services Inc has a clear mission: to develop Artificial Intelligence Software that streamlines compliance accountability in the carbon forestry, agriculture, and technology industries. Their work is aimed at tackling a significant issue raised by The Integrity Council for the Voluntary Carbon Market that pertains to accountability. To this end, the company is working on setting a global standard for high-integrity carbon credits that relies on rigorous scientific research and data that is both measurable and verifiable.

Addressing the Deforestation Challenge

The world needs carbon markets in a large, transparent, verifiable, and environmentally robust way for regenerative, nature-based solutions.

Our ambition is to accelerate climate neutrality providing expertise to value native vegetation and encourage reforestation, as well as carbon fixation in the soil, rewarding farmers and communities for their contribution to nature preservation.

Over the last four decades, Mexico has suffered the loss of 350,000 hectares of forest per annum, resulting in a loss of carbon stock of approximately 336 m metric tons of carbon (T.C) (Instituto Nacional de Ecologia y Cambio Climatico, Mexico, 2020)

The Company

The Company, or Bret International Holding Corp is committed to self-sustainable rural development and addressing the issue of climate change through carbon capture, addressing issues of desertification and reforestation using forests, Succulent , mangrove and methane projects.

Bret contributes towards atmospheric carbon dioxide (CO2) drawdown by developing and supplying carbon offsets from restoration and conservation of Succulent, forests and natural habitats at the regional scale through the maintenance of the crops in production or maintenance of forestry hectares.

Bret manages carbon capture projects through all its phases, from design to planning, execution, and generation of high-quality offsets. Bret ensures transparency, permanence and win-win for the actors involved, with a 100% success rate of projects developed.

Bret partners up with local organizations, linked to forest owners and communities in Mexico, and works in the capacity building of these, assisting organizations to become forest carbon project developers and strengthening the landowner’s capacities to take part in the carbon market. The process involves training the communities and organizations, monitoring projects, providing the necessary equipment, assisting in the generation of a strategy to generate additionality by reducing vulnerability and the possibility of deforestation, and following through the process of generating carbon credits until completion, assisting the organizations in selling high quality offsets at a fair price.

We are following the Climate Action Reserve standards in forestry Capture (Carbon Dioxide Capture) specifically CAR’s Mexico Forest Protocol, tailored to the Mexican context, by members of the Bret team. We generate most of our carbon credits from improved forest management (IFM), restoration and reforestation.

We have developed a methodology to measure the plant growth on a yearly basis to calculate the amount of captured CO2 using Succulent and the sale of Carbon Credits to companies identified in the Carbon Disclosure Project Report (CDP), Price Waterhouse Cooper report on Carbon obligations of over 5,000 Multi-National Corporations.

We support over 40 forestry projects, encompassing 156,000 hectares in the states of Chihuahua, Durango, Jalisco, Quintana Roo and Oaxaca. We work with ejidos,(Indigenous People), on communal lands and on private properties, generating carbon credits through internationally recognized protocols, such as CAR and Verra.

We advise companies, organizations and individuals who want to offset their emissions through projects that provide not only carbon mitigation, but also other environmental co-benefits, such as water infiltration, biodiversity conservation, landscape values, among other key environmental services.

Bret purchased Ecapfin, which developed the following methodology for agriculture applications using Succulents and Farming Carbon Capture applications company, on July 12, 2022, for the total sum of Fifty Thousand USD (US$50,000).

Our Mission

To promote healthy, sustainable development, and resilient rural agriculture development through the carbon market, while strengthening the participation of communities and private landowners in project development and decision-making. At the same time, companies, organizations and individuals can offset their emissions and meet their climate goals.

	·	We focus on solving challenges at the intersection of sustainability and human wellbeing, generating quality offsets in cooperation with forest communities and landowners
	·	We develop and support projects that provide multiple environmental, social, and economic benefits
	·	We work with companies, governments and individuals who want to have a positive impact on the planet

Our projects and activities:

	·	Improve the quality of life of natural resource owners through Nature-based Solutions (NbS).
	·	Preserve and increase forest biomass and, therefore, carbon reserves.
	·	Promote activities for the preservation of ecosystem services such as water supply, soil conservation, and biodiversity.
	·	Develop project development and monitoring capacities among local communities, partners and allies.
	·	Develop quality forest carbon capture projects under Verra and CAR standards.
	·	Contribute to the construction of a carbon market that reflects social and environmental safeguards.
	·	Recognize that most of the profits belong to land and forest owners and promote their use for the maintenance and preservation of ecosystems.

Our Model

We combine traditional and scientific knowledge, and engagement with land owners and inhabitants, with advanced satellite monitoring and data analytics to achieve carbon drawdown at the ecosystem level.

We mitigate the risk of carbon project development and make simple to aggregate landowners under our payment for carbon removal programs.

We manage four types of carbon capture programs; Forestry, Succulents, Sustainable Agriculture development, Mangroves and Methane Capture to produce alternative energy financed through the sale of Carbon Offsets in the Carbon Markets. Each has its unique aspects, but in general the model can be apply to all, engagement with the communities and local organizations.

Forest Carbon projects are not without their challenges. The rural areas of Mexico experience a plethora of social, environmental, and political shortcomings. Drug-related violence and land tenure are some of the key issues facing offset generation. Many productive and conservation projects have failed because of this.

We must also ensure communities are autonomous on their decision making, while being consistent with agreements and contracts.

Bret does not develop projects in territories affected by narcotraffic or violence. In the territories we do work, our project design generates an effective shield, ensuring forest owners are the ones who defend the projects, as our model generates ownership, builds capacities and provides revenue streams, generating employment options.

The process involves training the communities and organizations, providing the necessary equipment, assisting in the generation of a strategy to generate additionality by reducing vulnerability and the possibility of deforestation, and following through the process of generating carbon credits until completion, assisting the organizations in selling high quality offsets at a fair price.

Depending on the extension of the area of activity, we hire between 8 to 12 people per project with the best daily payment conditions, including accident and life insurance.

We provide each community with equipment looking to build local monitoring capacity, so they will continue to be involved in the project, generating ownership and involvement.

All programs started in Mexico, with the objective of expanding our Carbon projects internationally. We are currently in discussions with indigenous communities in Panama, Colombia, Brazil, Peru, and Paraguay.

Our Succulent Carbon Program

Bret, though Ecapfin, is committed to self-sustainable rural development, addressing the issue of climate change through Carbon Capture, the production of renewable energy addressing issues of desertification and food security, producing organic fertilizer and animal feed for sustainable development using our Succulent Breed.

The advantage of using Succulent is 600% more efficient per Hectare than harvesting CO2 using forests management programs.

The Company’s goals are to:

	1.	Position Bret as a leading forest carbon offset developer and supplier from restoration and conservation of forests and natural habitats in Mexico in terms of tCO2e transacted.
	2.	Reach 800,000 tCO2e transacted by 1Q of 2023 from our forest carbon programs.
	3.	Become a reference of technology driven innovation for forest carbon monitoring and community engagement and capacity building.
	4.	Identify additional income revenue stream from ecosystem services to implement from 2023 onward, including sourcing REDD+ credits at subnational level with State Governments and with Indigenous Communities.

Our Approach for Achieving Business Goals

Our approach is focused on:

	1.	Understanding and assessing the ample carbon absorption potential at a regional scale with a top-down perspective.
	2.	Realizing forest carbon offset transactions through a network of alliances with universities, NGOs, local carbon developers, and local communities and forest owners the realize the offset potential from bottom up.
	3.	Providing an economic improvement of livelihoods for forest communities and owners through our forest carbon programs.
	4.	Devising Emission Reductions Payment Agreement (ERPA) contracts hand in hand with solid mechanisms to build long term relations with counterparts and allies to facilitate forest carbon permanence and environmental and social integrity.
	5.	Drive innovation in ecosystems services monitoring and forest carbon accounting through technology.

Value Proposition

The successful development, sourcing and supply of carbon offsets from restoration and conservation of forest requires a value proposition that:

	1.	Reduces transactional costs related to project documentation and monitoring through state-of-the-art data acquisition and analysis; and streamlined aggregation of landowners under our forest carbon programs.
	2.	Focus on a continuous engagement with forest owners and inhabitants through strong long-term partnerships and alliances with technical partners including NGOs, academia and local project developers that enables carbon permanence and improves communities livelihoods.
	3.	Legal document in which the Seller (such as a REDD+ country) and the Buyer agree on the commercial terms (e.g. volume, price, options, etc.) of the sale and payment for Emission Reductions to be generated and verified under an Emission Reductions Program” (Forest Carbon Partnership, 2022)
	4.	Mitigate delivery risks of forest carbon projects with the support of emission tracking per hectare of Forestry or Agriculture Production undermanagement accumulated on a balance sheet with delivery dates and third-party verification to facilitate upfront payments to finance project activities.

Key Functions and Resources

Functions

	·	Source forest carbon offsets from local partners and allies
	·	Build carbon project development and monitoring capacities amongst local communities, partners and allies.
	·	Develop carbon projects whenever is required.
	·	Monitor projects performance through drone and satellite data acquisition and big data analysis techniques.
	·	Lead new methodologies development under specific registries as Climate Forward, Carbon Action Reserve, Verra and the Mexican Carbon Protocol.

Resources

	·	Multiple geospatial data layers
	·	Big data analysis capabilities
	·	Personal Software and Hardware
	·	Office in México City

Key Partnerships

ONGs

	·	MexiCo2
	·	Cool Effect
	·	Climate Impact Partners
	·	Mirova
	·	Climate Partners

Governments

	·	CONANP
	·	State Governments

Durango, Chihuahua, Jalisco, Oaxaca, Hidalgo, CDMX, Yucatán

Private Sector

	·	Boomitra – Succulent
	·	NCX – Forestry
	·	CAR
	·	Verra
	·	Freepoint

Technical Private Sector

	·	Bioforestal
	·	Unidad Topia
	·	Sendas

Our Organization

Employees

We currently have three employee’s working for the Arma Services Inc, Eric Eastwood Nixon our President & Chief Financial Officer, Teresa Tattersfield, Program Originator, Alberto Ramirez, we have for four employees working for Bret Consultores SAPI de CV, Forest Carbon Developer, Rene Ibarra, Finance and Business, Valeria Lopez Porttillo, Institutional Alliance Manager, Yazmin Pimentel, Carbon Development Specialist, and one Employee working for Ecapfin SAPI de CV. Eric Gordillo, Succulent Carbon Coordinator.

ARMA Services Inc has also engaged Ten Independent International Consultants evaluating global carbon development opportunities in the green energy sector working on several continents. We anticipate hiring additional employees in the next twelve months and the necessary personnel based on an as needed basis only on a per contract basis to be compensated directly from revenues.

Intellectual Property

The Company’s methodology has been registered as a new methodology by Verified Carbon Standard. The methodology is explained in more detail in Exhibit 99.1 attached hereto

CARBON AGRICULTURAL METHODOLGY

Article 1. Summary Description of the Proposed Methodology

Additionality and Crediting Method
Additionality	Project
Crediting Baseline	Project

This methodology describes steps for estimating and monitoring carbon dioxide capture and biomass in Succulent crops. The protocol is based on guidance provided in the IPCC 2003 Good Practice Guidance for Land Use, Land-Use Change and Forestry. The methodology has been designed to be applicable to estimate CO₂ s sequestration by Crassulacean Acid Metabolism (CAM) plant Succulent under field growing conditions. It is important to mention that CAM metabolism can be very variable depending on the taxonomic scale to which we are limiting (e. g, families, subfamilies, genera and species) (see Nobel and Harstock 1986); in particular, among Succulent species, the CAM metabolism can present important changes that affect the CO2 capture rates, therefore not conforming to the models and equations described here. This is very important, since around the world not only O. ficus indica species is cultivated, in a much smaller proportion other congenerics are also used. Because of these reasons, it is recommended to use this method, only for Succulent crops. If the methodology is used for other species, genera or some other taxonomic category of CAM plants, the results should be interpreted with caution considering the above.

The intention of the developers has been to create an easy methodology which includes sufficient detail on methods to allow to evaluate a wide range of environmental and crop conditions in which this member of Opuntiodeae is cultivated. However, accurately estimating and projecting the values of the various Succulent carbon pools does require a level of technical ability on the part of the project proponent team. It is therefore expected that in many cases landowners and farmers may need to work with people with specific technical skills to complete the development of an O. ficus-indica carbon project using this methodology.

All the operations involved in the estimation method described here are based on data consulted from the scientific articles cited in this report (Acevedo et al 1983; Ligouri et al 2013; Nobel and Harstock 1983, 1986; Nobel and Valenzuela 1987; Nobel 1988; Nobel et al.1992, 1993, 2002; Nobel and Israel 1994; Nobel and Bobich 2002; Pimienta-Barrios et al., 2000, 2001, 2005). The CO2 capture values in O. ficus-indica correspond to theoretical data that were obtained under “controlled” or more stable conditions than those that can be found directly in the field. Although in these studies the effect of different factors that can affect the capture of CO2 in Succulent is already part of the evaluation, -environmental (temperature, humidity, photosynthetic active radiation, CO2 concentration), growth (development stage) and of the life cycle (in vegetative or sexual reproduction) – these factors, particularly the environmental ones, represent a small range of variation compared to the spectrum to which crops can be confronted at bigger spatial scales (throughout the geography) and much more extensive temporary (from one to ten years).

The output values of method VM000XX, Version 1. 0. must be interpreted as a conservative estimate based on the average CO2 capture under controlled conditions, with adjustments that involve some factors that potentially affect the capture efficiency of this plant, since closely related to their physiology. To have a much more accurate data and in accordance with the conditions of the problem plantation, different studies were carried out in the field considering the spatial and temporal environmental variation, making capture measurements on the cladodes and trees.

This methodology is focused on addressing the following key variables:

	·	Estimating the amount of carbon in the Succulent crops at the start of the project.
	·	Estimating the amount of CO2 captured by total photosynthetic surface in the crop.
	·	Estimating the value of CO2 and biomass per crop of Succulent (base line) for year during for ten years.
	·	Monitoring and documenting changes in Succulent carbon for ten years under the project scenario

The methodology has been designed using a modular approach. This methodology document lays out the steps required to fulfil estimation, projection and quantification requirements for projects wishing to register credits under the VCS program.

The methodology requires the completion of 7 main tasks, each of which is comprised of a number of sub-tasks:

	–	Task 1: Identification of limits and extension of project area.
	–	Task 2: Determining the baseline scenario
	–	Task 3: Measuring morphological variables of cladodes and trees of project area.
	–	Task 4: Estimating biomass (tons at T0) corresponding to all plants in the project area
	–	Task 5: Estimating CO2 capture.
	–	Task 6: Projecting Carbon accumulation per year in project area for 10 years. The overall process used by the methodology is shown in the following methodology map.
	–	Task 7. Monitoring and estimation.

An Opuntia's methodology for accrediting carbon sequestration in crops (OMC) project involves management activities that maintain and increase the carbon stocks in the Succulent -in crops, in relation to the levels of carbon stored at the zero time of the project. Thus, initial conditions at cero time of the project are estimated: the amount of carbon in the Succulent crops at the start of the project, the amount of CO2 captured by total photosynthetic surface in the crop, the value of CO2 and cacti biomass per crop of O. ficus-indica (base line) for year during the project and monitoring and documenting changes in Succulent carbon during the project scenario.

Furthermore, actions are carried out that focus on maintaining the structure of the crops, i.e. dimensions of the project area, number of plants per unit area, baseline of plants within the project area; the latter corresponds to the number of cladodes that have to be maintained per plant so that it ensures with an appropriate volume and baseline area that it maintains the growth, capture and storage of carbon, as well as allows the harvest of the plant for human consumption (without affecting the estimates during the project's accreditation period).

Article 2. Pending Methodologies

Approved and pending methodologies under the VCS and approved GHG programs, that fall under the same combination of sectoral scopes or AFOLU project categories, were reviewed to determine whether an existing methodology could be reasonably revised to meet the objective of the proposed methodology.

Article 3. Project Activities and Applicability Conditions

This methodology is global in scope and applies to estimate CO2 capture correspond to the CAM metabolism of the Succulent species under growing conditions. CAM metabolism can be very variable depending on the taxonomic scale to which we are limiting (e. g, families, subfamilies, genera and species).

All projects using this methodology must meet the following conditions:

Projects must meet the most recent VCS requirements for one of the following two Agricultural Land Management activities:

	·	Improved Cropland Management (ICM)
	·	Cropland and Grassland Land-use Conversions (CGLC)

Project activities must be implemented on land that is cropland at the project start date and remains cropland throughout the project crediting period (i.e., land use change is not eligible, including conversion from cropland to grassland and grassland to cropland).

As of the project start date entire project area consists in croplands of Succulent . Crops may include Succulent grown for food products (Succulent , fruits, vegetable, prickly pear) or other derivate products of this cacti.

The conditions of project (number of trees per area unity, levels of growing in all trees, trees of the same age, equidistant crop lines) must be homogenously maintained by the next ten years to ensure the CO2 assimilation calculated by mean the methodology.

Project activities must not include changes in project area, and the conditions of the crop at the moment of the accreditation: e. g. number of trees in the project, number of growth levels per tree (no more tree levels), soil water regimes or other significant anthropogenic changes in the crop as changes in fertilization.

The project must meet with an annual evaluation to verify the biomass and CO2 accredited and to ensure that the project area maintain homogeneous conditions respect to those at moment of accreditation.

The biomass accredited in the project area excludes that which is harvested per season to human use (Succulent , fruits, vegetable, or prickly pear).

Article 4. Demonstration of Additionality

Succulent methodology offers a cost-effective option for projects to yield surplus GHG reductions that and demonstrate additionality to what would have occurred in the absence of the project.

The approach to additionality for Succulent methodology for accrediting carbon sequestration in crops projects recognizes increases in the amount of CO2 removed from the atmosphere relative to “business as usual” management. It also considers the long-term risks to carbon sequestered in the project area presented by “business as usual” management and the potential emissions of carbon into the atmosphere. Under this approach, additionality takes into account the following:

	·	Onsite carbon stocks are at risk on a 20-year time scale.
	·	Land ownership and management direction are not permanent, except in cases where binding commitments limit management options, such as conservation easements (CA).
	·	Management goals and objectives are likely to change over time, especially as: ownership of a crop changes hands, as often happens between generations of family crop owners or between entities owning crops as a financial investment.
	·	Over the length of a project lifetime and in the absence of a long-term commitment to a project and associated conservation easement, emissions may have resulted from the clearing of Succulent trees to convert a crop to another crop type or from harvest.
	·	Activities that reduce average onsite carbon stocking.
	·	Committing a site to crop cover in perpetuity

Furthermore, this methodology acknowledges that the project’s baseline, as the way “business as usual” management is represented for quantification purposes, is a counterfactual scenario, i.e., a representation of what may have actually occurred if the project had never happened. Additionality is assured over the 20-year crediting period, during which the terms of the CA ensure carbon stocks increase compared to the baseline.

The methodology has been designed using a modular approach and lays out the steps required to fulfill estimation, projection and quantification requirements for projects wishing to register credits under the VCS program.

The methodology requires the completion of 11 main tasks, each of which is comprised of a number of sub-tasks:

	·	Task 1: Identification of limits and extension of project area.
	·	Task 2: Determining the baseline scenario
	·	Task 3: Measuring morphological variables of cladodes and trees of project area. (Quantification)
	·	Task 4. Social and Environmental Safeguards
	·	Task 5: Estimating biomass (tons at T0) corresponding to all plants in the project area
	·	Task 6: Estimating CO2 capture.
	·	Task 7: Projecting Carbon accumulation per year in project area for 10 years. The overall process used by the methodology is shown in the following methodology map.
	·	Task 8. Monitoring and estimation
	·	Task 9. Permanence
	·	Task 10. Verification process
	·	Task 11. Credits emission

Article 5 Quantification of Emission Reductions

This section provides requirements and guidance for quantifying an OMC project’s net GHG reductions. The Verified Carbon Units (VCUs) will be issued to an OMC project upon confirmation for ISO- accredited and Verra-approved verification body that the OMC project’s GHG reductions and removals have been quantified following the applicable requirements of this methodology.

The estimates of captured CO2 and biomass are derived from the morphological variables of the cladodes. With the width, length and thickness of the cladodes, the respective calculation of the area of the two faces of each cladode, of the surface corresponding to the edge and its volume is performed. It has to be mentioned that for these calculations, + the formula of the area of a regular ellipse was considered, because in general the cladodes are oval (like an ellipse); however, its shape is much more complex, especially in the proximal region, so the calculated values of area and volume do not represent the actual area of a racket. In this sense, the VM000XX, Version 1. 0 include a size adjustment based in a geometric morphometric study in thousands of cladodes of this species (in process).

This methodology is focused on addressing the following key variables:

	·	Estimating the amount of carbon in the Succulent crops at the start of the project.
	·	Estimating the amount of CO2 captured by total photosynthetic surface in the crop.
	·	Estimating the value of CO2 and biomass per crop of Succulent (base line) for year during for ten years.
	·	Monitoring and documenting changes in Succulent carbon for ten years under the project scenario

Article 6 Monitoring

The monitoring plan must be prepared using module VMD0034 Methods for Developing a Monitoring Plan. This module includes specifications on quality assurance and quality control that must be followed during development of the project description and other project documents.

Reports to Security Holders

You may read and copy any materials the Company files with the Commission in the Commission’s Public Reference Section, Room 1580, 100 F Street N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Section by calling the SEC at 1-800-SEC-0330. Additionally, the SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, which can be found at http://www.sec.gov.

Risk Factors

An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and the other information contained in this report before deciding to invest in our common stock.

Risks Related to our Business

Bret a limited operating history

Bret has limited operating history. We will, in all likelihood, sustain operating expenses without corresponding revenues, at least for the foreseeable future. We can make no assurances that we will be able to effectuate our strategies or otherwise to generate sufficient revenue to continue operations.

During the year ended October 31, 2021, Bret’s total revenue was $6,812, and had a net loss of $94,548. During the twelve months ended October 31, 2022, Bret’s total revenue was $59,745, and had a net loss of $619,899.

Our estimates of capital, personnel, equipment, and facilities required for our proposed operations are based on certain other existing businesses operating under projected business conditions and plans. We believe that our estimates are reasonable, but it is not possible to determine the accuracy of such estimates at this point. In formulating our business plan, we have relied on the judgment of our officers and directors and their experience in developing businesses. We can make no assurances that we will be able to obtain sufficient financing or implement successfully the business plan we have devised. Further, even with sufficient financing, there can be no assurance that we will be able to operate our business on a profitable basis. We can make no assurances that our projected business plan will be realized or that any of our assumptions will prove to be correct.

We are subject to a variety of possible risks that could adversely impact our revenues, results of operations or financial condition. Some of these risks relate to general economic and financial conditions, while others are more specific to us and the industry in which we operate. The following factors set out potential risks we have identified that could adversely affect us. The risks described below may not be the only risks we face. Additional risks that we do not yet know of, or that we currently think are immaterial, could also have a negative impact on our business operations or financial condition. See also Statement Regarding Forward-Looking Disclosure.

We operate in a highly competitive industry.

The climate and carbon treatment business is highly competitive and constantly changing. Our competitors include not only other large multinational companies, but also smaller entities that operate in local or regional markets as well as new forms of market participants.

Competitive challenges also arise from rapidly-evolving and new technologies in the carbon capture space, creating opportunities for new and existing competitors and a need for continued significant investment in research and development.

A number of our existing or potential competitors may have substantially greater financial, technical, and marketing resources, larger investor bases, greater name recognition, and more established relationships with their investors, and more established sources of deal flow and investment opportunities than we do. This may enable our competitors to: develop and expand their services and develop infrastructure more quickly and achieve greater scale and cost efficiencies; adapt more quickly to new or emerging markets and opportunities, strategies, techniques, technologies, and changing investor needs; take advantage of acquisitions and other market opportunities more readily; establish operations in new markets more rapidly; devote greater resources to the marketing and sale of their products and services; adopt more aggressive pricing policies; and provide clients with additional benefits at lower overall costs in order to gain market share. If our competitive advantages are not compelling or sustainable and we are not able to effectively compete with larger competitors, then we may not be able to increase or sustain cash flow.

Cross Border Sales Transactions

Cross border sales transactions carry a risk of changes in import tax and/or duties related to the import and export of our product, which can result in pricing changes, which will affect revenues and earnings. Cross border sales transactions carry other risks including, but not limited to, changing regulations, wait times, customs inspection and lost or damaged product

Our independent public accountants have provided their report with a going concern opinion.

The Company’s financial statements were prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. During the twelve-month period ended October 31, 2022, the Company incurred a net loss of $619,899 and as of that date, the Company’s accumulated deficit was $831,785 There are no assurances that it will be able to achieve level of revenues adequate to generate sufficient cash flow from operations or obtain additional financing through private placements, public offerings and/or bank financing necessary to support our working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. These conditions raise substantial doubt about our ability to continue as a going concern. If adequate working capital is not available, we may be forced to discontinue operations, which would cause investors to lose their entire investment. The accompanying condensed consolidated financial statements do not include any adjustments that might result relating to the recoverability and classification of the asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this risk and uncertainty.

We will need to raise funding, which may not be available on acceptable terms, or at all. Failure to obtain this necessary capital when needed may force us to delay, limit or terminate our product development efforts or other operations.

We will need to seek funds soon, through public or private equity or debt financings, government or other third-party funding, marketing and distribution arrangements and other collaborations, strategic alliances or a combination of these approaches. Raising funds in the current economic environment may present additional challenges. It is not certain that we have accounted for all costs and expenses of future development and regulatory compliance. Even if we believe we have sufficient funds for our current or future operating plans, we may seek additional capital if market conditions are favorable or if we have specific strategic considerations.

Our future growth may be limited.

The Company’s ability to achieve its expansion objectives and to manage its growth effectively depends upon a variety of factors, including the Company’s ability to further develop use of methodology, to attract and retain skilled employees, to successfully position and market the Company, to protect its existing intellectual property, to capitalize on the potential opportunities it is pursuing with third parties, and sufficient funding. To accommodate growth and compete effectively, the Company will need working capital to maintain adequate operating levels, develop additional procedures and controls and increase, train, motivate and manage its work force. There is no assurance that the Company’s personnel, systems, procedures and controls will be adequate to support its potential future operations.

We are reliant on a small number of customers for the majority of our revenue.

We have developed key partnerships with Non-Government Organizations (NGOs) , governments, and companies in the private sector. The loss of any of these partnerships would materially effect or revenue. The loss of any of these could have an adverse effect on the Company’s business.

We rely on key personnel.

The Company’s success also will depend in large part on the continued service of its key operational and management personnel, including executive staff, research and development, engineering, marketing and sales staff. Most specifically, this includes its Director Teresa Tattersfield who oversees new partnerships, as well as implementation of our methodology, partnership retention, overall management and future growth. The Company faces intense competition from its competitors, customers and other companies throughout the industry. Any failure on the Company’s part to hire, train and retain a sufficient number of qualified professionals could impair the business of the Company.

We depend on intellectual property rights that may be infringed upon or infringe upon the intellectual property rights of others.

The Company’s success depends to a significant degree upon its ability to develop, maintain and protect proprietary products and methodology. The Company has registered its carbon capture methodology with Verified Carbon Standard. The assertion of intellectual property protection involves complex legal and factual determinations and is therefore uncertain and potentially expensive. The Company cannot provide assurance that intellectual property will be granted with respect to its methodology application, that the scope of any intellectual property it might obtain will be sufficiently broad to offer meaningful protection, or that it will develop additional proprietary products that are patentable. Losing significant intellectual property protection could have a material adverse effect on the Company’s business.

We may need to defend ourselves against intellectual property infringement claims, which may be time-consuming and cause us to incur substantial costs.

Companies, organizations or individuals, including our competitors, may own or obtain intellectual property or other proprietary rights that would prevent or limit our ability to make, use, develop or sell our concept, which could make it more difficult for us to operate our business. We may receive inquiries from intellectual property owners inquiring whether we infringe their proprietary rights.

Our business may be adversely affected if we are unable to protect our intellectual property rights from unauthorized use by third parties.

Failure to adequately protect our intellectual property rights could result in our competitors offering similar products, potentially resulting in the loss of some of our competitive advantage, and a decrease in our revenue which would adversely affect our business, prospects, financial condition and operating results. Our success depends, at least in part, on our ability to protect our core methodology and intellectual property. To accomplish this, we will rely on a combination of intellectual property, trade secrets (including know-how), employee and third-party nondisclosure agreements, copyright, trademarks, intellectual property licenses and other contractual rights to establish and protect our rights in our technology. Patent, trademark, and trade secret laws vary significantly throughout the world.

Confidentiality agreements with employees and others may not adequately prevent disclosure of trade secrets and other proprietary information.

In order to protect our proprietary technology and processes, we also rely in part on confidentiality agreements with our employees, consultants, outsource manufacturers and other advisors. These agreements may not effectively prevent disclosure of confidential information and may not provide an adequate remedy in the event of unauthorized disclosure of confidential information. In addition, others may independently discover trade secrets and proprietary information. Costly and time-consuming litigation could be necessary to enforce and determine the scope of our proprietary rights, and failure to obtain or maintain trade secret protection could adversely affect our competitive business position.

We may not be successful in our potential business combinations.

The Company may, in the future, pursue acquisitions of other complementary businesses and technology licensing arrangements. The Company may also pursue strategic alliances and joint ventures that leverage its core products and industry experience to expand its product offerings and geographic presence. The Company has limited experience with respect to acquiring other companies and limited experience with respect to forming collaborations, strategic alliances and joint ventures.

If the Company were to make any acquisitions, it may not be able to integrate these acquisitions successfully into its existing business and could assume unknown or contingent liabilities. Any future acquisitions the Company makes, could also result in large and immediate write-offs or the incurrence of debt and contingent liabilities, any of which could harm the Company’s operating results. Integrating an acquired company also may require management resources that otherwise would be available for ongoing development of the Company’s existing business.

We may experience intellectual property enforcement and infringement which could force us to spend on legal fees.

The environmental protection industry has been characterized by significant litigation and other proceedings regarding intellectual property rights. The situations in which we may become parties to such litigation or proceedings may include:

1. litigation or other proceedings we may initiate against third parties to enforce our intellectual property rights;

2. litigation or other proceedings we or our licensee(s) may initiate against third parties seeking to invalidate the patents held by such third parties or to obtain a judgment that our products do not infringe such third parties’ intellectual property; and

3. litigation or other proceedings, third parties may initiate against us to seek to invalidate our intellectual property.

If third parties initiate litigation claiming that our products infringe their intellectual property rights, we will need to defend against such proceedings.

The costs of resolving any patent litigation or other intellectual property proceeding, even if resolved in our favor, could be substantial. Many of our potential competitors will be able to sustain the cost of such litigation and proceedings more effectively than we can because of their substantially greater resources. In some instances competitors may proceed with litigation or other proceedings pertaining to infringement of their intellectual property as a means to hinder or devaluate the target defendant company, with no intention of the matter being resolved in their favor. Uncertainties resulting from the initiation and continuation of patent litigation or other intellectual property proceedings could have a material adverse effect on our ability to compete in the marketplace. Intellectual property proceedings may also consume significant management time and costs.

Global economic conditions, such as COVID-19, may adversely affect our industry, business and results of operations.

Our overall performance depends, in part, on worldwide economic conditions which historically is cyclical in character. Key international economies continue to be impacted by a recession, characterized by falling demand for a variety of goods and services, restricted credit, going concern threats to financial institutions, major multinational companies and medium and small businesses, poor liquidity, declining asset values, reduced corporate profitability, extreme volatility in credit, equity and foreign exchange markets and bankruptcies. In markets where our revenue occurs go into recession, these conditions affect the rate of spending and could adversely affect our customers’ ability or willingness to purchase our concept which could adversely affect our operating results.

Any further disruptions from an uptick in new infections related to COVID-19 may materially harm out business prospects.

Further upticks in infection, and the related enforcement of governmental restrictions would materially hinder our ability to grow, as it would make it could interrupt our supply chain, as well as the financial condition of our intended customer base.

Any future indebtedness reduces cash available for distribution and may expose us to the risk of default under debt obligations that we may incur in the future.

Payments of principal and interest on borrowings that we may incur in the future may leave us with insufficient cash resources to operate the business. Our level of debt and the limitations imposed on us by debt agreements could have significant material and adverse consequences, including the following:

	·	our cash flow may be insufficient to meet our required principal and interest payments;
	·	we may be unable to borrow additional funds as needed or on favorable terms, or at all;
	·	we may be unable to refinance our indebtedness at maturity or the refinancing terms may be less favorable than the terms of our original indebtedness;
	·	to the extent we borrow debt that bears interest at variable rates, increases in interest rates could materially increase our interest expense;
	·	we may default on our obligations or violate restrictive covenants, in which case the lenders may accelerate these debt obligations; and
	·	our default under any loan with cross default provisions could result in a default on other indebtedness.

If any one of these events were to occur, our financial condition, results of operations, cash flow, and our ability to make distributions to our shareholders could be materially and adversely affected.

Our results of operations are highly susceptible to unfavorable economic conditions.

We are exposed to risks associated with weak or uncertain regional or global economic conditions and disruption in the financial markets. The global economy continues to be challenging in some markets. Uncertainty about the strength of the global economy generally, or economic conditions in certain regions or market sectors, and a degree of caution on the part of some marketers, can have an effect on the demand for advertising and marketing communication services. In addition, market conditions can be adversely affected by natural and human disruptions, such as natural disasters, severe weather events, military conflict or public health crises. Our industry can be affected more severely than other sectors by an economic downturn and can recover more slowly than the economy in general. In the past, some clients have responded to weak economic and financial conditions by reducing their marketing budgets, which include discretionary components that are easier to reduce in the short term than other operating expenses. This pattern may recur in the future. Furthermore, unexpected revenue shortfalls can result in misalignments of costs and revenues, resulting in a negative impact to our operating margins. If our business is significantly adversely affected by unfavorable economic conditions or other market disruptions that adversely affect client spending, the negative impact on our revenue could pose a challenge to our operating income and cash generation from operations.

International business risks could adversely affect our operations.

We intend to be a global business. Operations outside Mexico and the United States could represent a significant portion of our net revenues. These operations are exposed to risks that include local legislation, currency variation, exchange control restrictions, local labour and employment laws that hinder workforce flexibility, large-scale local or regional public health crises, and other difficult social, political or economic conditions. We also must comply with applicable U.S., local and other international anti-corruption laws. These restrictions can place us at a competitive disadvantage with respect to those competitors who may not be subject to comparable restrictions. Failure to comply or to implement business practices that sufficiently prevent corruption or violation of sanctions laws could result in significant remediation expense and expose us to significant civil and criminal penalties and reputational harm.

We may not be able to meet our performance targets and milestones.

From time to time, we communicate to the public certain targets and milestones for our financial and operating performance that are intended to provide metrics against which to evaluate our performance. They should not be understood as predictions or guidance about our expected performance. Our ability to meet any target or milestone is subject to inherent risks and uncertainties, and we caution investors against placing undue reliance on them. See Statement Regarding Forward-Looking Disclosure.

We have limited personal liability.

Our Certificate of Incorporation and Bylaws generally provide that the liability of our officers and directors will be eliminated to the fullest extent allowed under law for their acts on behalf of our Company.

There are implications of being an emerging growth company.

As a company with less than $2.0 billion in revenue during its last fiscal year, we qualify as an “emerging growth company” as defined in the JOBS Act. For as long as a company is deemed to be an emerging growth company, it may take advantage of specified reduced reporting and other regulatory requirements that are generally unavailable to other public companies. These provisions include:

	·	a requirement to have only two years of audited financial statements and only two years of related Management’s Discussion and Analysis included in an initial public offering registration statement;
	·	an exemption to provide less than five years of selected financial data in an initial public offering registration statement;
	·	an exemption from the auditor attestation requirement in the assessment of our internal controls over financial reporting;
	·	an exemption from the adoption of new or revised financial accounting standards until they would apply to private companies;
	·	an exemption from compliance with any new requirements adopted by the Public Company Accounting Oversight Board requiring mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements of the issuer; and
	·	reduced disclosure about our executive compensation arrangements.

An emerging growth company is also exempt from Section 404(b) of the Sarbanes Oxley Act, which requires that the registered accounting firm shall, in the same report, attest to and report on the assessment on the effectiveness of the internal control structure and procedures for financial reporting. Similarly, as a Smaller Reporting Company we are exempt from Section 404(b) of the Sarbanes-Oxley Act and our independent registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over financial reporting until such time as we cease being a Smaller Reporting Company.

As an emerging growth company, we are exempt from Section 14A (a) and (b) of the Exchange Act which require stockholder approval of executive compensation and golden parachutes.

Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We would cease to be an emerging growth company upon the earliest of:

	·	the first fiscal year following the fifth anniversary of the filing of this Form 10;
	·	the first fiscal year after our annual gross revenues are $2 billion or more;
	·	the date on which we have, during the previous three-year period, issued more than $2 billion in non-convertible debt securities; or
	·	as of the end of any fiscal year in which the market value of our Common Stock held by non-affiliates exceeded $700 million as of the end of the second quarter of that fiscal year.

Risks Related to Regulation

Applicable state and international laws may prevent us from maximizing our potential income.

Depending on the laws of each particular State and country, we may not be able to fully realize our potential to generate profit. Furthermore, cities and counties are being given broad discretion to use other carbon capture methodologies. Depending on the laws of international countries and the States, we might not be able to fully realize our potential to generate profit.

Compliance with environmental laws could materially increase our operating expenses.

There may be environmental conditions associated with businesses we acquire of which we are unaware. Such environmental liability exposure associated with properties we acquire could harm our business, financial condition, liquidity and results of operations.

Risks Related to the Market for our Stock

The OTC and share value

Our Common Stock trades over the counter, which may deprive stockholders of the full value of their shares. Our stock is quoted via the Over-The-Counter (“OTC”) Pink Sheets under the ticker symbol “ARMV”. Therefore, our Common Stock is expected to have fewer market makers, lower trading volumes, and larger spreads between bid and asked prices than securities listed on an exchange such as the New York Stock Exchange or the NASDAQ Stock Market. These factors may result in higher price volatility and less market liquidity for our Common Stock.

Low market price

A low market price would severely limit the potential market for our Common Stock. Our Common Stock is expected to trade at a price substantially below $5.00 per share, subjecting trading in the stock to certain Commission rules requiring additional disclosures by broker-dealers. These rules generally apply to any non-NASDAQ equity security that has a market price share of less than $5.00 per share, subject to certain exceptions (a “penny stock”). Such rules require the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and the risks associated therewith and impose various sales practice requirements on broker-dealers who sell penny stocks to persons other than established customers and institutional or wealthy investors. For these types of transactions, the broker-dealer must make a special suitability determination for the purchaser and have received the purchaser’s written consent to the transaction prior to the sale. The broker-dealer also must disclose the commissions payable to the broker-dealer, current bid and offer quotations for the penny stock and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer’s presumed control over the market. Such information must be provided to the customer orally or in writing before or with the written confirmation of trade sent to the customer. Monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. The additional burdens imposed upon broker-dealers by such requirements could discourage broker-dealers from effecting transactions in our Common Stock.

Lack of market and state blue sky laws

Investors may have difficulty in reselling their shares due to the lack of market or state Blue Sky laws. The holders of our shares of Common Stock and persons who desire to purchase them in any trading market that might develop in the future should be aware that there may be significant state law restrictions upon the ability of investors to resell our shares. Accordingly, even if we are successful in having the shares available for trading on the OTC, investors should consider any secondary market for our securities to be a limited one. We intend to seek coverage and publication of information regarding our Company in an accepted publication which permits a “manual exemption.” This manual exemption permits a security to be distributed in a particular state without being registered if the company issuing the security has a listing for that security in a securities manual recognized by the state. However, it is not enough for the security to be listed in a recognized manual. The listing entry must contain (1) the names of issuers, officers, and directors, (2) an issuer’s balance sheet, and (3) a profit and loss statement for either the fiscal year preceding the balance sheet or for the most recent fiscal year of operations. We may not be able to secure a listing containing all of this information. Furthermore, the manual exemption is a non-issuer exemption restricted to secondary trading transactions, making it unavailable for issuers selling newly issued securities. Most of the accepted manuals are those published in Standard and Poor’s, Moody’s Investor Service, Fitch’s Investment Service, and Best’s Insurance Reports, and many states expressly recognize these manuals. A smaller number of states declare that they “recognize securities manuals” but do not specify the recognized manuals. The following states do not have any provisions and therefore do not expressly recognize the manual exemption: Alabama, Georgia, Illinois, Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont, and Wisconsin.

Accordingly, our shares of Common Stock should be considered totally illiquid, which inhibits investors’ ability to resell their shares.

Penny stock regulations

We will be subject to penny stock regulations and restrictions and you may have difficulty selling shares of our Common Stock. The Commission has adopted regulations which generally define so-called “penny stocks” to be an equity security that has a market price less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exemptions. We anticipate that our Common Stock will become a “penny stock”, and we will become subject to Rule 15g-9 under the Exchange Act, or the “Penny Stock Rule”. This rule imposes additional sales practice requirements on broker-dealers that sell such securities to persons other than established customers. For transactions covered by Rule 15g-9, a broker-dealer must make a special suitability determination for the purchaser and have received the purchaser’s written consent to the transaction prior to sale. As a result, this rule may affect the ability of broker-dealers to sell our securities and may affect the ability of purchasers to sell any of our securities in the secondary market.

For any transaction involving a penny stock, unless exempt, the rules require delivery, prior to any transaction in a penny stock, of a disclosure schedule prepared by the Commission relating to the penny stock market. Disclosure is also required to be made about sales commissions payable to both the broker-dealer and the registered representative and current quotations for the securities. Finally, monthly statements are required to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock.

We do not anticipate that our Common Stock will qualify for exemption from the Penny Stock Rule. In any event, even if our Common Stock were exempt from the Penny Stock Rule, we would remain subject to Section 15(b)(6) of the Exchange Act, which gives the Commission the authority to restrict any person from participating in a distribution of penny stock, if the Commission finds that such a restriction would be in the public interest.

Rule 144 Risks

Sales of our Common Stock under Rule 144 could reduce the price of our stock. There are 10,000,000 issued and outstanding shares of our Common Stock held by affiliates that Rule 144 of the Securities Act defines as restricted securities.

These shares will be subject to the resale restrictions of Rule 144, since we have ceased being deemed a “shell company”. In general, persons holding restricted securities, including affiliates, must hold their shares for a period of at least nine months, may not sell more than 1.0% of the total issued and outstanding shares in any 90-day period, and must resell the shares in an unsolicited brokerage transaction at the market price. The availability for sale of substantial amounts of Common Stock under Rule 144 could reduce prevailing market prices for our securities.

No audit or compensation committee

Because we do not have an audit or compensation committee, stockholders will have to rely on our entire Board of Directors, none of which are independent, to perform these functions. We do not have an audit or compensation committee comprised of independent directors. Indeed, we do not have any audit or compensation committee. These functions are performed by our Board of Directors as a whole. No members of our Board of Directors are independent directors. Thus, there is a potential conflict in that Board members who are also part of management will participate in discussions concerning management compensation and audit issues that may affect management decisions.

Security laws exposure

We are subject to compliance with securities laws, which exposes us to potential liabilities, including potential rescission rights. We may offer to sell our shares of our Common Stock to investors pursuant to certain exemptions from the registration requirements of the Securities Act, as well as those of various state securities laws. The basis for relying on such exemptions is factual; that is, the applicability of such exemptions depends upon our conduct and that of those persons contacting prospective investors and making the offering. We may not seek any legal opinion to the effect that any such offering would be exempt from registration under any federal or state law. Instead, we may elect to relay upon the operative facts as the basis for such exemption, including information provided by investor themselves.

If any such offering did not qualify for such exemption, an investor would have the right to rescind its purchase of the securities if it so desired. It is possible that if an investor should seek rescission, such investor would succeed. A similar situation prevails under state law in those states where the securities may be offered without registration in reliance on the partial pre-emption from the registration or qualification provisions of such state statutes under the National Securities Markets Improvement Act of 1996. If investors were successful in seeking rescission, we would face severe financial demands that could adversely affect our business and operations. Additionally, if we did not in fact qualify for the exemptions upon which we have relied, we may become subject to significant fines and penalties imposed by the Commission and state securities agencies.

No cash dividends

Because we do not intend to pay any cash dividends on our Common Stock, our stockholders will not be able to receive a return on their shares unless they sell them. We intend to retain any future earnings to finance the development and expansion of our business. We do not anticipate paying any cash dividends on shares of our Common Stock in the foreseeable future. Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they sell them. There is no assurance that stockholders will be able to sell shares of our Common Stock when desired.

Delayed adoption of accounting standards

We have delayed the adoption of certain accounting standards through an opt-in right for emerging growth companies. We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the Jobs Act, which allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

Management’s discussion and analysis of financial condition and results of operation

The following discussion and analysis should be read in conjunction with our financial statements and related notes thereto.

Forward Looking Statements

The following information specifies certain forward-looking statements of the management of our Company. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as may, shall, could, expect, estimate, anticipate, predict, probable, possible, should, continue, or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information statement have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. We cannot guaranty that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. Such forward-looking statements include statements regarding our anticipated financial and operating results, our liquidity, goals, and plans.

All forward-looking statements in this Form 10 are based on information available to us as of the date of this report, and we assume no obligation to update any forward-looking statements.

Overview

Prior management was comprised of one person, Sergey Gandin. Mr. Sergey Gandin resign from the positions of the Director, CEO and CFO of the Company and be appointed solely as Secretary of Arma Services Inc. The Company and Mr. Gandin are in agreement that these changes were effective from March 26, 2022. The Company has appointed Clive Hill, 66, from the United Kingdom to the positions of Director, CEO and CFO of the Company. On August 17, 2022, Clive Hill resigned as a director and an officer, ceased to be the President, Chief Executive Officer, Chief Financial Officer, and as a Member of the Board of Directors of the Company. Also on August 17, 2022, Maria Teresa Tattersfield consented to act as a Member of the Board of Directors of the Company, Alberto Ramirez consented to act as a Member of the Board of Directors of the Company, Eduardo Piquero consented to act as a Member of the Board of Directors of the Company, and Jaime Sanchez Cortina consented to act as the new President, CEO, CFO, and Member of the Board of Directors of the Company.

ZMK was dismissed as the Company’s CPA through a mutual agreement between Arma Services, Inc. and the ZMK.

On June 20, 2022 the there was a change of control of the company Mr. Corin Bailey purchased Four Million Shares (4,000,000) from Ruslan Mishin the control shareholders.

On December 14th, 2022, the there was a change of control of the company Mr. Ronny Fabien Suarez Araya purchased Three Million Shares (3,000,000) from Corin Bailey the control shareholders.

The auditor has not provided any reports to the financial statements of the Company but reviewed the reports for the quarters ended January 31, 2022, April 30, 2022 and September 30, 2022. There had been no disagreements with BFB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal year ended October 31, 2022, nor in the subsequent periods through January 26, 2023.

On January 27, 2023, Jaime Sanchez Cortina resigned immediately as CEO, CFO, President and a member of the Board of Directors. Also on January 27, 2023, Eric Eastwood Nixon, age 35 agreed to be appointed the President, Chief Executive Officer, Chief Financial Officer, and as a Member of the Board of Directors of the Company. For over two decades, Eric has worked in the electrical & technology sector, bringing multiple renewable energy projects to life and striving for a carbon neutral society. He has worked alongside Conestoga College to educate the public on reducing energy consumption and researching new technologies to help reduce the carbon footprint. He has the skills and experience to take on projects in the residential, commercial, industrial, technology sectors and emergency response services when needed.

Immediately after completion of such share exchange, the Company has a total of 12,240,000 issued and outstanding shares, with authorized share capital for common share of 75,000,000.

Business Overview

Arma Services Inc. (“ARMV” or the “Company”) is a US holding company incorporated in Nevada on September 2, 2014, which operates through the Company’s wholly owned subsidiary Bret International Holding Corp owner of 100% of Bret Consultores, SAPI de CV incorporated on August 2, 2021 and its newly owned Bret International Holding Corp: Carbon Capture (“Bret”), a Panama corporation incorporated on May 27, 2022 to promote its international expansion into the global market.

The Company seeks to promote healthy, sustainable, and resilient rural economies through the carbon market, while strengthening the participation of rural communities in project development and decision-making. At the same time, companies, organizations and individuals can offset their emissions and meet their climate goals.

The Company assists in the re-foresting, forest management and monetization of the Carbon Captured. It promotes healthy, sustainable, and resilient rural economies through the carbon market, while strengthening the participation of communities and private landowners in project development and decision-making. At the same time, companies, organizations and individuals can offset their emissions and meet their climate goals. The company works under international standards such as CAR and Verra, and social and environmental safeguards with rural communities to issue carbon credits to be sold in the Global Carbon Market.

Bret’s carbon credits (one carbon credit equals one metric tons of CO2 removed or avoided) are verified by an independent third party the certifies them, following a robust carbon standard, such as Climate Action Reserve (CAR) or Verra, Verified Carbon Standards.

This ensures:

	i)	Additionality - the reductions in emissions must be “above business as usual” – they would not have happened unless the project was implemented.
	ii)	Permanence - the GHGs must be permanently reduced or sequestered. Permanence is defined as providing lasting benefits to the environment.
	iii)	Leakage - there can be no shifting of emissions from one place to another due to a project.

Bret provides training on climate change issues, building of inventories, generation of offsets, carbon market basics and community empowerment, transferring know-how to locales and providing them with additional revenue streams.

COVID-19

On March 11, 2020, the World Health Organization (“WHO”) declared the Covid-19 outbreak to be a global pandemic. In addition to the devastating effects on human life, the pandemic is having a negative ripple effect on the global economy, leading to disruptions and volatility in the global financial markets. Most US states and many countries have issued policies intended to stop or slow the further spread of the disease.

Covid-19 and the U.S’s response to the pandemic are significantly affecting the economy. There are no comparable events that provide guidance as to the effect the Covid-19 pandemic may have, and, as a result, the ultimate effect of the pandemic is highly uncertain and subject to change. We do not yet know the full extent of the effects on the economy, the markets we serve, our business, or our operations.

Liquidity and Capital Resources

At October 31, 2021 we had $97,840 in current assets compared to $60,289 at October 31, 2020. Current liabilities at October 31, 2021 totaled $276,362 compared to $115,488 at October 31, 2020. The change is due to the suppliers financing. The company managed to have a better working capital structure,

At October 31, 2022, we had $304,516 in current assets compared to $97,840 at October 31, 2021. Current liabilities at October 31, 2022 totaled $1,057,140 compared to $276,362 at October 31, 2021.

We will have to meet all the financial disclosure and reporting requirements associated with being a publicly reporting company. Our management will have to spend additional time on policies and procedures to make sure our Company is compliant with various regulatory requirements, especially that of Section 404 of the Sarbanes-Oxley Act. This additional corporate governance time required of management could limit the amount of time management has to implement our business plan and may impede the speed of our operations.

Results of Operations

We generated revenue of $40,667 from inception through the year ended October 31, 2021. October 2020 revenue of 33,855 and for October 2021 revenue of 6,812

We generated revenue of $59,745 and $6,812 for the twelve months ended October 31, 2022 and 2021, respectively. For the twelve months ended October 31, 2022 our operating expenses were $679,643 compared to $101,360 for the period ended October 31 2021. As a result, we have reported net loss of $619,899 for the twelve months ended October 31, 2022 and net loss of $94,548 for the period ended October 31, 2021. The change is due to increase expenses of the CO2 project in Bret.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors.

Critical Accounting Policies and Estimates

The SEC has defined a company’s critical accounting policies as the ones that are most important to the portrayal of the Company’s financial condition and results of operations and which require the Company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, we have identified the critical accounting policies and judgments addressed below. We also have other key accounting policies that are significant to understanding our results.

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and are expressed in Canadian dollars.

Management’s Representation of Interim Financial Statements

The accompanying consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto on October 31, 2022.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, valuation of accounts receivable and inventories, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

Revenue Recognition

The Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The guidance provided in Accounting Standards Codification (“ASC”) Topic 606 (“ASC 606”) requires entities to use a five-step model to recognize revenue by allocating the consideration from contracts to performance obligations on a relative standalone selling price basis. Revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. The standard also requires new disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASC 606 also includes Subtopic 340-40, Other Assets and Deferred Costs – Contracts with Customers, which requires the deferral of incremental costs of obtaining a contract with a customer.

Cash and Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less at the date of purchase to be cash equivalents. Cash and cash equivalents consist of cash on deposit with banks and money market funds, the fair value of which approximates cost. The Company maintains its cash balances with a high-credit-quality financial institution. The Company has not experienced any losses in such accounts, and management believes the Company is not exposed to any significant credit risk on its cash and cash equivalents. As of October 31, 2022, and October 31, 2021, the balances of cash were $174,181 and $48,027 respectively.

Accounts Receivable

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management’s assessment of the collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about the creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Recovery of bad debt amounts previously written off is recorded as a reduction of bad debt expense in the period the payment is collected. If the Company’s actual collection experience changes, revisions to its allowance may be required. After all, attempts to collect a receivable have failed, the receivable is written off against the allowance.

As of October 31, 2022, and October 31, 2021, the balances of accounts receivable were $15,141 and $14,270, respectively.

Income Taxes

The Company accounts for income taxes under FASB ASC 740, Accounting for Income Taxes (“ASC 740”). Under ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. ASC 740-10-05, Accounting for Uncertainty in Income Taxes prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions on a quarterly basis to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.

Foreign Currency Translation

The functional and reporting currency of the Company is the USD.

Basic and Diluted Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with FASB ASC 260, Earnings per Share which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

Recent Accounting Pronouncements

There are no recent accounting pronouncements that impact the Company’s operations.

Employees

We currently have total of seven employee’s, three employee’s working for the Arma Services Inc, Eric Eastwood Nixon our President & Chief Financial Officer, Teresa Tattersfield, Program Originator, Alberto Ramirez. We have for three employees working for Bret Consultores SAPI de CV, Forest Carbon Developer, Rene Ibarra, Finance and Business, Valeria Lopez Porttillo, Institutional Alliance Manager, Yazmin Pimentel, Carbon Development Specialist, and one employee working for Ecapfin SAPI de CV. Eric Gordillo, Agriculture Carbon Coordinator. We anticipate hiring necessary personnel based on an as needed basis only on a per contract basis to be compensated directly from revenues.

Properties

Our mailing address and global operations are situated at 3845 Boulevard International Business Park Panama Pacifico, Suite,14, Rousseau, Panamá, Republic of Panama. WCG4+QX4, International tax free zone. The company has leased office space for a period of 12 months at a cost of $750.00 USD.

Security Ownership of Certain Beneficial Owners and Management

The following table sets forth certain information with respect to the beneficial ownership of our voting securities following the completion of the Reverse Merger described in Items 1.01 of this report by (i) any person or group owning more than 5% of any class of voting securities, (ii) each director, (iii) our chief executive officer and (iv) all executive officers and directors as a group as of February 27, 2023.

Name	Number of Shares of Common Stock		Percentage
Maria Teresa Tattersfield Yarza Address: Condor 331-6 Colonia Las Aguilas, Mexico City, Mexico		990,000		8%
Alberto Jesus Ramirez Reyes. Address: 1297, int, 33 Col, Campestre, Mexico City, Mexico		1,020,000		8.3%
Rene Alberto Ibarra Jimen Address: 20-Edif 16 B-003 Acueducto de Guadalupe, Mexico City, Mexico		990,000		8%
Eric Eastwood Nixon Address 69 Harbon Rd, Mississauga, Ontario, L5B 1AB.		0		0%
Wenflor International Inc Address:3845 Blvd , International Business Park, Panama Pacifico, Panama		6,000,000		49%
Colin Bailey Address: 18-26 Sunrise at Rowans , Rowan St George, Barbados.		1,000,000		8.1%
Ronny Fabian Suarez Araya Address: The Regent Apartments, PH 10E, Costa Del Este, Panama		3,000,000		24.3%
(All officers and directors as a group (4 people)		3,000,000		24.3%

There are no other officer or director 5 % shareholders.

Unless otherwise indicated in the footnotes to this table and subject to community property laws where applicable, each of the stockholders named in this table has sole or shared voting and investment power with respect to the shares indicated as beneficially owned. Except as set forth above, applicable percentages are based upon 12,240,000 shares of common stock to be outstanding.

Directors and Executive Officers, Promoters and Control Persons

On August 17, 2022, Maria Teresa Tattersfield consented to act as a Member of the Board of Directors of the Company, Alberto Ramirez consented to act as a Member of the Board of Directors of the Company, Eduardo Piquero consented to act as a Member of the Board of Directors of the Company. On January 27, 2023, Eric Nixon was appointed Chairman of the Board and the President & CEO and director of ARMA Services Inc.

Name	Age	Position(s)
Eric Nixon	35	President CEO, CFO, Secretary, Treasurer, Director of ARMV
Teresa Tattersfield	46	Co-founder, President and Director of Bret and Director of ARMA
Eduardo Piquero	41	Director of ARMA
Alberto Ramirez	38	Director of ARMA

ERIC NIXON President & CEO, Director

Eric Nixon, the President, Chief Executive Officer, Chief Financial Officer, and as a Member of the Board of Directors of the Company. For over two decades, Eric has worked in the electrical & technology sector, bringing multiple renewable energy projects to life and striving for a carbon neutral society. He has worked alongside Conestoga College to educate the public on reducing energy consumption and researching new technologies to help reduce the carbon footprint. He has the skills and experience to take on projects in the residential, commercial, industrial, technology sectors and emergency response services when needed.

Teresa Tattersfield, Director

Teresa is the Co-Founder of Bret Consultores. She holds a degree in International Relations with a Master's Degree in Environmental Policy and Management, an Specialization in Sustainable Development (LEAD program from the Colegio de México) and Energy Efficiency and Environment at FLACSO. She is currently the forest carbon Manager of WRI Mexico, responsible for coordinating the execution of CO2munitario. She is a specialist in the design and development of methodologies and protocols that have been implemented in Mexico for the sale of offsets in the international market.

During the previous six years, she oversaw the Program of Natural Solutions at Tec de Monterrey University and was an advisor to the Neutralízate Program of Pronatura México. She has been part of the special team of advisers in sustainable development and climate change for the Foreign Ministry of the British Commonwealth Government. She has been responsible for the elaboration of strategies that combine the efforts of local and federal governments in the development of international initiatives such as Methane to Markets. In her work at the Ministry of Environment and Natural Resources, she coordinated initiatives such as the restoration of the Lerma Chapala Basin.

Alberto Ramírez, Director

Alberto has collaborated as a consultant for entities such as CONAFOR, PROBOSQUE; SEDEMA; WWF Mexico; Climate Action Reserve (CAR); PRONATURE; ClimateSeed, among others, for the development and feasibility assessment of forestry carbon capture projects. He has experience as a verifier in compliance with forest regulations on sustainability with an emphasis on biodiversity and social aspects. He was the first Mexican verifier accredited by CAR and has participated in the review and proposal of GHG removal quantification protocols; such as CAR’s Forest Protocol for Mexico v.2.0. His main activities focus on the sustainable management of natural resources through the participation of rural communities. Alberto is a Biologist, graduated from the Faculty of Higher Studies Iztacala of the UNAM.

Alberto is currently the Forest Carbon Coordinator at WRI Mexico. Alberto is responsible for coordinating carbon capture forestry projects; through capacity building in communities; linking of forest communities at the national level; and for providing advice on inventories, monitoring, reporting and verification.

Eduardo Piquero, Director

CEO – MÉXICO2; Eduardo has more than 15 years of experience in international and national carbon pricing instruments and policies. He is currently the CEO of MÉXICO2, where he oversees the development of environmental markets, including carbon markets, clean energy certificates and green bonds.

He also led the development of the simulation exercise of a Mexican Emissions Trading System (SCE) in collaboration with the Ministry of Environment of Mexico (SEMARNAT) as a preparation for the country’s regulated emissions scheme, with the participation of more than 90 companies. Furthermore, he participated in the creation of a secondary market for Clean Energy Certificates (CEL), which supports the Mexican Wholesale Electricity Market (MEM). In addition to his work in Mexico, Eduardo has focused on developing projects to reduce greenhouse gas emissions and has designed climate change projects in several countries in Latin America, Asia, and Africa.

Term of Office

Our director holds his position until the next annual meeting of shareholders and until his successor is elected and qualified by our shareholders, or until earlier death, retirement, resignation or removal.

Family Relationships

There are no family relationships between the Company and any of our current and proposed directors or executive officers.

Legal Proceedings Involving Directors and Executive Officers

During the past ten years no current or incoming director, executive officer, promoter or control person of the Company has been involved in the following:

(1) A petition under the Federal bankruptcy laws or any state insolvency law which was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

(2) Such person was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses) ;

(3) Such person was the subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities:

i. Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity;

ii. Engaging in any type of business practice; or

iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

(4) Such person was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph (f)(3)(i) of this section, or to be associated with persons engaged in any such activity;

(5) Such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

(6) Such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

(7) Such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:

i. Any Federal or State securities or commodities law or regulation; Or

ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease and desist order, or removal or prohibition order; Or

iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; Or

(8) Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Executive Compensation

The table below sets forth the positions and compensations for the sole officer and director of ARMV, for the years ended October 31, 2022 and 2021.

Position	Name of Directors	Year	Salary before tax	Bonus	All other compensation	Total

ARMV Former CEO & CFO	Jamie Sanchez	2022	68,640.00	0	0	0
and Chairman, Director	Cortina	2021	26,400.00	0	0	0

Director	Teresa Tattersfield	2022	50,578.10	0	0	0
		2021	37,278.80	0	0	0

Director	Alberto Ramirez	2022	60,578.10	0	0	0
		2021	37,278,.80	0	0	0

Director	Eduardo Piquero	2022	0	0	0
		2021	0	0	0	0

Current CEO, CFO	Eric Eastwood	2022	0	0	0	0
and Director	Nixon	2021	0	0	0

We do not have an audit or compensation committee comprised of independent directors as our Company qualifies for an exemption from these requirements. Indeed, we do not have any audit or compensation committee. These functions are performed by our Board of Directors as a whole.

All directors serve 1 yr. terms.

Transactions with related persons, promoters and certain control persons

Related Party Transactions

On December 14, 2022, Arma Services Inc. (“ARMV,” or the “Company”) acknowledged the sale of Three Million restricted Shares by the controlling shareholder Corin Bailey to Ronny Fabian Suarez Araya, this was a private sale between the parties.

Corporate Governance

Director Independence

None of our directors qualified as an “independent director” under the rules of NASDAQ, Marketplace Rule 4200(a).

Nominating Committee

We do not presently have a nominating committee. Our Board of Directors currently acts as our nominating committee.

Audit Committee

We do not presently have an audit committee. Our Board of Directors currently acts as our nominating committee.

Legal Proceeding

None.

Market Price of and dividends on the registrant’s common equity and related shareholder matters

Market Information

Our common stock is currently quoted on the OTC market "Pink Sheets" under the symbol ARMV. There has been no market price or market established for the shares.

As mentioned in Item 1.01, an additional 6,000,000 restricted common shares were issued to Wenflor International Inc. upon reverse acquisition activity. All additional issued common shares of ARMV are restricted from disposal for the lesser of 2 years from issuance, or one-year from the date of filing hereof. No options or warrants to purchase, or securities convertible into, common equity of the registrant. None of above mentioned additional issuance of restricted common share are issued to qualified institutional buyer as defined under § 230.144A

V Stock Transfer, LLC is the transfer and registrar agent for ARMV.

Holders

As of October 31, 2022, we had approximately 29 shareholders of our common shares, including the shares held in street name by brokerage firm. The holders of common share are entitle to one vote for each share held for record on all matters submitted to a vote of shareholders. Holders of the common share have no pre-emptive rights and no right to convert their common share into any other securities. There are no redemption or sinking fund provisions applicable to the common share.

Dividends

We have not issued any dividends, and have no plans of paying cash dividends in the future.

Securities authorized for issuance under equity compensation plan

As of February 27, 2023, the Company has no securities authorized either previously approved or disapproved for issuance under equity compensation plan.

Penny Stock Regulations

Our shares of common stock are subject to the “penny stock” rules of the Securities Exchange Act of 1934 and various rules under this Act. In general terms, “penny stock” is defined as any equity security that has a market price less than $5.00 per share, subject to certain exceptions. The rules provide that any equity security is considered to be a penny stock unless that security is registered and traded on a national securities exchange meeting specified criteria set by the SEC, issued by a registered investment company, and excluded from the definition on the basis of price (at least $5.00 per share), or based on the issuer’s net tangible assets or revenues. In the last case, the issuer’s net tangible assets must exceed $3,000,000 if in continuous operation for at least three years or $5,000,000 if in operation for less than three years, or the issuer’s average revenues for each of the past three years must exceed $6,000,000.

Recent Sales of Unregistered Securities

Immediately after completion of such share exchange, the Company has a total of 12,240,000 issued and outstanding shares, with authorized share capital for common share of 75,000,000.

Description of securities

The following is a summary description of our capital stock and certain provisions under the laws of the State of Nevada where the Company was incorporated. The following discussion is qualified in its entirety by reference to such exhibits.

General

We have authorized 75,000,000 shares of common stock with par value $0.001 per share. As of February 27, 2023, the Company has issued and outstanding 12,240,000 shares of common stock.

Common Stock

The holders of our common stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voting for the election of directors can elect all of the directors then up for election. The holders of our common stock are entitled to receive dividends when, as and if declared by the Board of Directors out of funds legally available therefor. In the event of liquidation, dissolution or winding up of our company, the holders of common stock are entitled to share rateably in all assets remaining which are available for distribution to them after payment of liabilities and after provision has been made for each class of stock, if any, having preference over the common stock. Holders of shares of our common stock, as such, have no conversion, pre-emptive or other subscription rights, and there are no redemption provisions applicable to the common stock.

Indemnification of Directors and Officers

Section 78.138 of the NRS provides that a director or officer will not be individually liable unless it is proven that (i) the director’s or officer’s acts or omissions constituted a breach of his or her fiduciary duties, and (ii) such breach involved intentional misconduct, fraud or a knowing violation of the law.

Section 78.7502 of NRS permits a company to indemnify its directors and officers against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with a threatened, pending or completed action, suit or proceeding if the officer or director (i) is not liable pursuant to NRS 78.138 or (ii) acted in good faith and in a manner the officer or director reasonably believed to be in or not opposed to the best interests of the corporation and, if a criminal action or proceeding, had no reasonable cause to believe the conduct of the officer or director was unlawful.

Section 78.751 of NRS permits a Nevada company to indemnify its officers and directors against expenses incurred by them in defending a civil or criminal action, suit or proceeding as they are incurred and in advance of final disposition thereof, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that such officer or director is not entitled to be indemnified by the company. Section 78.751 of NRS further permits the company to grant its directors and officers additional rights of indemnification under its articles of incorporation or bylaws or otherwise.

Section 78.752 of NRS provides that a Nevada company may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the company, or is or was serving at the request of the company as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the company has the authority to indemnify him against such liability and expenses. Our Bylaws provide that we may indemnify and advance litigation expenses to our directors, officers, employees and agents to the extent permitted by law, our Articles of Incorporation or our Bylaws, and shall indemnify and advance litigation expenses to our directors, officers, employees and agents to the extent required by law, our Articles of Incorporation or Bylaws. Our obligations of indemnification, if any, shall be conditioned on receiving prompt notice of the claim and the opportunity to settle and defend the claim. We may, to the extent permitted by law, purchase and maintain insurance on behalf of an individual who is or was our director, officer, employee or agent.

Indemnification against Public Policy

Insofar as indemnification by us for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling the company pursuant to provisions of our Articles of Incorporation and Bylaws, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification by such director, officer or controlling person of us in the successful defense of any action, suit or proceeding is asserted by such director, officer or controlling person in connection with the securities being offered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The effect of indemnification may be to limit the rights of the Company and the shareholders (through shareholders’ derivative suits on behalf of the Company) to recover monetary damages and expenses against a director for breach of fiduciary duty.

Item 3.02 Unregistered Sales of Equity Securities.

Reference is made to the disclosure made under Item 1.01 which is incorporated herein by reference.

Item 5.01 Changes in Control of Registrant.

On December 14, 2022, Corin Bailey sold Three Million restricted Shares of Arma Services Inc to Ronny Fabian Suarez Araya.

As a result of the Share Exchange Agreement, Wenflor International Inc became 49%% holder(s) of the voting rights of the Company, and a change of control occurred.

Other than as described below, there are no arrangements or understandings among both the former and new control persons and their associates with respect to the election of directors of the Company or other matters. The information set forth in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.

Item 5.06 Change in Shell Company Status

Prior to the Share Exchange, we were a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act). As a result of the Share Exchange, we have ceased to be a shell company. The information contained in this Report constitutes the current “Form 10 information” necessary to satisfy the conditions contained in Rule 144(i)(2) under the Securities Act.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statement of Business Acquired

The audited financial statements of Bret from inception through October 31, 2021 and audited financial statements of Bret as for the twelve months ended October 31, 2022 are appended to this report beginning on page 36. The audited financial statements of Bret as of October 31, 2021 were audited by CPA Carlos Torres Arroyo The audited financial statements of Bret as for the twelve months ended October 31, 2022 were audited by CPA Carlos Torres Arroy.

Exhibit No.	Description
3.1	Articles of Incorporation of the Company (incorporated by reference to our Registration Statement on Form S-1 filed on March 2, 2015)
3.2	Bylaws of the Company Inc. (incorporated by reference to our Registration Statement on Form S-1 filed on March 2, 2015)
3.3	Organizational Documents of Bret
3.4	Organizational Documents of Ecpafin
4.1	Share Exchange Agreement
23.1	Consent of OLAYINKA OYEBOLA & CO.
99.1	Verified Carbon Standard Methodology Concept Note, issued June 7, 2021

INDEX TO AUDITED FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm		38

Consolidated Balance Sheets as of October 31, 2022, and 2021		39

Consolidated Statements of Operations for the years ended October 31, 2022 and 2021		40

Consolidated statements of Stockholders’ Equity for the years ended October 31, 2022, and 2021		41

Consolidated Statements of Cash Flows for the years ended October 31, 2022, and 2021		42

Notes to Audited Financial Statements		43

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Directors of Arma Services Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Arma Services Inc. (“the Company”) as of October 31, 2022, and 2021 the related statements of operations, stockholder's equity, and cash flows, for the period ended October 31, 2022 and the related notes (collectively referred to as the “financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of October 31, 2022, and the results of its operations and its cash flows for the period ended October 31, 2022, in conformity with accounting principles generally accepted in the United States of America

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate. There are no critical audit matters to be communicated.

OLAYINKA OYEBOLA & CO.

(Chartered Accountants)

We have served as the Company's auditor since January 2023.

February 23rd, 2023.

Lagos Nigeria

ARMA SERVICES, INC.

Consolidated Balance Sheets

As of October 31, 2022, and 2021

	October 31, 2022			October 31, 2021

ASSETS
Current Assets
Cash and cash equivalents	$	174,181		$	48,027
Account Receivables		15,141			14,270
Prepaid		111,578			34,631
Other current assets		3,208			253
Total Current Assets		304,108			97,181

Property and equipment		408			659
Total Assets	$	304,516		$	97,840

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	16,917		$	11,495
Loan payables		120,639			263,609
Taxes Payables		2,348			515
Other short-term liabilities		8,846			743
Total Current Liabilities		148,750			276,362

Note payables		908,390			–
Total Liabilities		1,057,140			276,362

Stockholders’ Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 6,240,000 shares issued and outstanding at October 31, 2022 and 2021		6,240			6,240
Additional paid in capital		3,474			22,746
Accumulated deficit		(697,129	)		(207,368	)
Other comprehensive income		(65,209	)		(140	)
Total Stockholders’ Equity		(752,624	)		(178,522	)

Total Liabilities and Stockholders’ Equity	$	304,516		$	97,840

See accompanying notes to financial statements.

ARMA SERVICES, INC.

Consolidated Statements of Operations

For the years ended October 31, 2022, and 2021

	Year ended October 31, 2022			Year ended October 31, 2021

Revenues	$	59,745		$	6,812
Cost of revenue		(196,043	)		(22,583	)
Gross profit		(136,299	)		(15,771	)

OPERATING EXPENSES
General and administrative expense		418,531			78,637
		–			–
TOTAL OPERATING EXPENSES		418,531			78,637
NET LOSS FROM OPERATIONS		(554,830	)		(94,408	)

OTHER COMPREHENSIVE INCOME/ (LOSS)		(65,069	)		(140	)
NET LOSS	$	(619,899	)	$	(94,548	)

NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,240,000			6,240,000

See accompanying notes to financial statements.

ARMA SERVICES, INC.

Consolidated Statement of Stockholder’s Equity (Audited)

For the Years Ended October 31, 2022, and 2021

	Common Stock				Additional Paid-in		Accumulated			Other Comprehensive			Total Stockholders’
	Shares		Amount		Capital		Deficit			Income			Equity

Balance, October 31, 2020		6,240,000	$	6,240	$	20,160	$	(112,960	)	$	–		$	(86,560	)
Net loss for the year ended October 31, 2021		–		–		–		(94,408	)		–			(94,408	)
Other comprehensive Income for the year 2021		–		–		–		–			(140	)		(140	)
Additional paid in capital		–		–		2,586		–			–			2,586
Balance, October 31, 2021		6,240,000	$	6,240	$	22,746	$	(207,368	)	$	(140	)	$	(178,522	)

Balance, October 31, 2021		6,240,000	$	6,240	$	22,746	$	(207,368	)		(140	)		(178,522	)
Net loss for the year ended October 31, 2021		–		–		–		(489,761	)		–			(489,761	)
Other comprehensive Income for the year 2021		–		–		–		–			(65,069	)		(65,069	)
Additional paid in capital		–		–		19,272		–			–			19,272
Balance, October 31, 2022		6,240,000	$	6,240	$	3,474	$	(697,129	)	$	(65,209	)	$	(752,624	)

See accompanying notes to financial statements.

ARMA SERVICES, INC.

Consolidated Statement of Cash Flows

For the Years Ended October 31, 2022, and 2021

	Year ended October 31, 2022			Year ended October 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the year	$	(554,830	)	$	(94,408	)

Adjustment for non-cash item
Depreciation and amortization		251			341
Translation differences		–			(140	)

Changes in assets and liabilities:
(Increase) decrease in accounts and other payables		(127,612	)		147,624
(Increase) decrease in accounts and other receivables		(80,773	)		(7,592	)
Cash flows provided by/ (used in) operating activities		(762,964	)		45,825

CASH FLOWS FROM INVESTING ACTIVITIES
Property plant and equipment		–			(341	)
Cash flows provided by/ (used in) investing activities		–			(341	)

CASH FLOWS FROM FINANCING ACTIVITIES
Notes payables		908,390			–
Additional paid in capital		(19,272	)		–
Cash flows provided by/ (used in) financing activities		889,118			–


NET INCREASE (DECREASE) IN CASH		126,154			45,484
Cash, beginning of period		48,027			2,543

Cash, end of period	$	174,181		$	48,027

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	–		$	–
Income taxes paid	$	–		$	–

See accompanying notes to financial statements.

ARMA SERVICES, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

October 31, 2022, and 2021

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Arma Services Inc. (the “Company”, “we”, “us” or “our”) was incorporated under the laws of the State of Nevada on September 2, 2014. Arma Services Inc. is a Destination Management Company (“DMC”), which aims to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (“MICE”) tourism in Russia for corporate customers from United States, China and internal Russian clients. We plan to create a variety of events for domestic and foreign companies, including industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums.

On February 20, 2023, Arma Services Inc. (“ARMV,” or the “Company”) entered into a share exchange agreement with Wenflor International Inc. and to acquire Bret International Holding Corp., owner of 100% of Bret Consultores, SAPI de CV: (“Bret”), a Mexican corporation, specializing in Forestry Management and creating Carbon Offsets and Ecapfin Sapi de Cv. a Mexican corporation specialized in developing methodologies of carbon capture in agricultural crop applications.

We plan to develop and manage forestry properties belonging to Indigenous communities in five states in Mexico with over 156,000 hectares of forest land creating carbon offsets and agricultural carbon offsets to be sold to Fortune 5000 Companies to offset their carbon liabilities. The company plans to expand this program on a global scale working with Governments, the UNFCC, NGO’S, the UNDP, FAO, the Green Climate Fund (GCF) and the Global Environment Facility (GEF).

	§	Bret Consultores, SAPI de CV: (“Bret”), was acquired by Arma Services Inc, and the transaction was accounted for as a reverse merger. Under the agreement ARMV will own 10,000 common shares of BIHC, representing all of the issued and outstanding equity of BIHC;
	§	The shareholders will be issued 6,000,000shares of ARMV, $0.001 per value per shares(the common stock) representing 49% of the outstanding shares of common stock (the common stock)
	§	BIHC will hold no common shares of ARMV, as the wholly owned subsidiary of ARMV

As of October 31, 2022 the 6,000,000 shares of ARMV is yet to be issued as the deal was signed on February 20, 2023 to be closed on or before March 1^st 2023.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Basis of Consolidation

The consolidated financial statements include the accounts of Arma Services, Inc and its subsidiaries Bret Consultores and Ecapfin. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted an October 31 fiscal year end.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $0 of cash as of October 31, 2022.

Fair Value of Financial Instruments

ASC topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets.

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of accounts payable and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The purpose of our business is to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (“MICE”) tourism in Russia for corporate customers from the United States, China and internal Russian clients.

Services are provided through industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums.

The Company will recognize revenue in accordance with ASC topic 606 “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps:

Step 1: Identify the contract(s) with a customer

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted income (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of October 31, 2022 and 2021. In loss years common stock equivalents would not be included as they would be anti-dilutive.

Comprehensive Income

The Company has established standards for reporting of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Stockholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.

NOTE 3 – LOANS FROM DIRECTOR

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

As of October 31, 2021, the Company had a loan outstanding with the Company’s sole director Mr. Sergey Gandin in the amount of $27,248. As of October 31, 2022, and 2021. The loan is non-interest bearing, due upon demand and unsecured.

NOTE 4 – COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized. As of October 31, 2022, and 2021, the Company had 6,240,000 shares issued and outstanding.

NOTE 5 – RELATED PARTY TRANSACTIONS

As of October 31, 2021, the Company had a non-interest-bearing loan payable to its sole director in the amount of $20,650.

The Company’s officers and director provide services and office space to the Company without compensation. The Company has entered into vendor agreements with Proekta LLC and Gazetny LLC, which are entities related to officers of the Company. During the year, company had not transacted any business with the related entities.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

NOTE 8 – INCOME TAXES

As of October 31, 2021, the Company had net operating loss carry forwards of approximately $19,855 that may be available to reduce future years’ taxable income in varying amounts through 2037. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carryforwards. The provision for Federal income tax consists of the following:

	October 31, 2022			October 31, 2021
Federal income tax benefit attributable to:
Current Operations	$	116,514		$	19,855
Less: valuation allowance		(116,514	)		(19,855	)
Net provision for Federal income taxes	$	–		$	–

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

	October 31, 2022			October 31, 2021
Deferred tax asset attributable to:
Net operating loss carryover	$	136,369		$	19,855
Less: valuation allowance		(136,369	)		(19,855	)
Net deferred tax asset	$	–		$	–

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $136,369 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

NOTE 9 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to October 31, 2022, and to the date these financial statements were issued, and has determined that it does not have any subsequent event to disclose in these financial statements.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ARMA SERVICES INC.

Date: February 27, 2023

/s/ Eric Eastwood Nixon__________

By:

Eric Eastwood Nixon,

President & Chief Executive Officer, Director

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ARMV Arma Services Inc (CE)