*Denotes a loss of less than $(0.01) per share.

SeeThe accompanying notes to condensed unauditedare an integral part of the financial statements.statement.

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ARMA SERVICES, INC.

Condensed StatementsConsolidated Statement of Cash FlowsStockholders' Equity (deficit)

July 31, 2023 (unaudited)

 (Unaudited)

The accompanying notes are an integral part of the financial statement.

See accompanying notes to condensed unaudited financial statements.

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ARMA SERVICES, INC.

Consolidated Statement of Cash Flow (unaudited)

The accompanying notes are an integral part of the financial statement.

ARMA SERVICES, INC.

NOTES TO THE CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

JULYJuly 31, 20172023, and October 31, 2022

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Arma Services Inc. (the “Company”“Company”, “we”“we”, “us”“us” or “our”“our”) was incorporated under the laws of the State of Nevada on September 2, 2014.

On February 27, 2023, Arma Services Inc. is(“ARMV,” or the “Company”) entered into a Destinationshare exchange agreement with Wenflor International Inc. to acquire Bret International Holding Corp., owner of 100% of Bret Consultores, SAPI de CV: (“Bret”), a Mexican corporation, specializing in Forestry Management Company (“DMC”), which aims to provideand creating Carbon Offsets and Ecapfin Sapi de Cv. a full rangeMexican corporation specialized in developing methodologies of servicescarbon capture in the field of Meeting, Incentive, Conference, and Exhibition (“MICE”) tourism in Russia for corporate customers from United States, China and internal Russian clients. agricultural crop applications.

We plan to createdevelop 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 variety of events for domesticglobal scale working with Governments, Indigenous Communities, the UNFCC, NGO’S, the UNDP, FAO, the Green Climate Fund (GCF) 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.the Global Environment Facility (GEF).

NOTE 2 – SUMMARY OF SIGNIFCANTSIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim financial statements and related notesof 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 ("U.S. GAAP") for interim financial information,(“GAAP” accounting). The Company has adopted an October 31 fiscal year end.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company had $48,191 in cash as of July 31, 2023, and Nil 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 rules and regulations ofinputs in measuring fair value. The hierarchy prioritizes the United States Securities and Exchange Commission set forthinputs into three levels based on the extent to which inputs used in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) whichmeasuring fair value are observable in the opinionmarket.

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 management, necessaryaccounts payable and the Company’s loan from shareholder approximates its fair value due to a fair statementtheir 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 resultscurrently enacted tax rates and laws. A valuation allowance is provided for the interim periods presented. Unaudited interim resultsamount of deferred tax assets that, based on available evidence, are not necessarily indicative of the results for the full fiscal year. These financial statements shouldexpected to be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended October 31, 2016 filed on February 24, 2017 and Management's Discussion and Analysis of Financial Condition and Results of Operations. realized.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAPgenerally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of;of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amountsamount 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 with communities to develop sustainable forestry management programs producing carbon removal credits to be sold to carbon emitters to offset their carbon emissions.

Services are provided through Indigenous Communities, NGO”s, Governments, Industry Leaders, Conferences and Business meetings, Agriculture producers and Cooperatives.

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 ASC 605-10that 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 persuasive evidence(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 an arrangement exists, delivery has occurred or services have been rendered, prices are fixed or determinable,revenue into appropriate categories; b. Contract balances, including the opening and collectability is reasonably assured.

Commitmentsclosing balances of receivables, contract assets, and Contingencies

 Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recordedcontract liabilities; c. Performance obligations, including when it is probable that a liability has been incurredthe entity typically satisfies its performance obligations and the amount oftransaction price that is allocated to the assessment can be reasonably estimated.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.

Net Loss per CommonBasic Income (Loss) Per Share

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net lossincome (loss) per share is computedcalculated by dividing the Company’s net lossincome (loss) applicable to common shareholders by the weighted average number of shares of common stock outstandingshares during the period. Diluted net lossincome (loss) per share is computedcalculated by dividing the Company’s net lossincome (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 and potentially outstanding shares of common stock during each period. There were no potentially dilutive sharesequivalents outstanding as of July 31, 2017 or 2016. As the Company has incurred losses for all periods, the impact of the2023, and October 31, 2022. In loss years common stock equivalents would not be antidilutive, and therefore, are not included in the calculation.as they would be anti-dilutive.

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Recent Accounting PronouncementsComprehensive Income

The Company doeshas 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 anticipatehad any recently released accounting standards pronouncementssignificant transactions that are required to have a significant impact onbe reported financial position or results of operations in these or future financial statements.other comprehensive income.

NOTE 3 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle,principles, which contemplate continuation of the Company as a going concern. However, the Company had limited revenues ashas an accumulated deficit of July 31, 2017.$242,447. The Company currently has limiteda working capital deficit of $182,853 and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that might be necessary should the company be unable to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’smanagement’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 4 – REVENUE

In addition to two existing service contracts with Gazetny LLC and Proekta LLC, in March of 2017, Arma Services secured additional agreements with Informed Intercontinental, Corp. The Company has not generated any revenues in the three months ended July 31, 2017. In the nine months ended July 31, 2017, the Company generated revenues of $9,000 from organizing two exhibitions for clients in Moscow and Rostov on Don, Russian Federation. The Company has also generated $900 from hosting a corporate event, on a lesser scale, for another client in April of 2017. The total revenues generated in the three and nine months ended July 31, 2016 were $0 and $5,600 respectively.

NOTE 5 – LOANS FROM DIRECTORRELATED PARTY

In support of the Company’sCompany’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 July 31, 2017, the Company had a loan outstanding with the Company’s sole director, Mr. Sergey Gandin in the amount of $5,992. The loan is non-interest bearing, due upon demand, and unsecured. 

NOTE 6 5 – COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized. During the nine month period ended July 31, 2017, the Company sold 1,820,000 shares of common stock for $18,200. As of July 31, 2017,2023, and October 31, 2022, the Company had 12,240,000 shares and 6,240,000 shares issued and outstanding.

NOTE 6 – RELATED PARTY TRANSACTIONS

As of July 31, 2023, the Company had a non-interest-bearing loan payable to its previous director in the amount of $27,248 and related party loan to shareholder of $169,774.

The Company’s officers and director provide services and office space to the Company without compensation.

NOTE 7 – 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 July 31, 2023, the Company had net operating loss carry forwards of approximately $225,814 that may be available to reduce future years’ taxable income in varying amounts through 2033. 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 assets relating to these tax loss carryforwards. The provision for Federal income tax consists of the following:

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

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $68,204 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 8 9 – SUBSEQUENT EVENTS

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In accordance with ASC 855,855-10 the Company has analyzed its operations subsequent to July 31, 20172023, and to the date these financial statements were issued, and concludedhas determined that there are no material subsequent events to disclose in these financial statements.disclose.

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

EMPLOYEES AND EMPLOYMENT AGREEMENTS

At present, we have no employees other than our officer and director.  We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future.  There are presently no personal benefits available to any officers, directors or employees.

Results of Operation

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long termlong-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three and Nine MonthsNine-Month Period Ended July 31, 20172023, and 20162022

Our net loss for the three monthsnine-month period ended July 31, 20172023, was $7,239$(174,243) compared to a net loss of $42$(9,010) for the three months ended July 31, 2016.  Our net loss for the nine monthsnine-month period ended July 31, 2017 was $13,832 compared to a net income of $634 for the nine months period ended July 31, 2016.  During the nine months periods ended July 31, 2017, we have generated income from Consulting Services and secured additional agreements with Informed Intercontinental, Corp. These generated revenues in amounts of $4,000 and $5,000 from organizing two exhibitions for the client in Moscow and Rostov on Don, Russian Federation. The Company has also earned $900 for hosting a corporate event, on a lesser scale, for Informed Intercontinental Corp in April this year. In the three and nine months ended July 31, 2016, the Company generated revenues of $0 and $5,600 respectively.   In the nine months ended July 31, 2016, the Company generated revenues of $9,900.   In the three months ending July 31, 2016 and 2017 we have not generated any revenue.2022. The increase in revenuesnet loss is duerelated to allocation of capital, time and effort in furtherance ofincreased spending associated with implementing our business. In line with our fully establishednew business plan and plan of operations, company management has investigatedplans.

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numerous available marketing platforms within its industry and carried out further analysis of the Russian, Chinese and U.S. commercial markets for the type of services Arma Services, Inc. provides.

The weighted average number of shares outstanding was 6,000,220 for the nine months period ended July 31, 2017.

The weighted average number of shares outstanding was 4,000,000 for the nine months period ended July 31, 2016.

Liquidity and Capital ResourcesResources

Nine Months Period Ended July 31, 2017  2023

As atof July 31, 2017,2023, and October 31, 2022, our total assets were $1,732 compared to $4,295 as of October 31, 2016. Total assets were comprised of cash$1,107,175 and cash equivalents.  As at July 31, 2017, our current liabilities were $5,992 compared to $12,923 as of October 31, 2016. Stockholders’ equity was deficit $4,260Nil as of July 31, 2017 compared to a2023, and October 31, 2022, our liabilities were $1,317,222 and $41,804 respectively. Accumulated deficit of $8,628was $(242,447) and $(68,204) as of July 31, 2023, and October 31, 2016.2022.

Cash Flows from Operating Activities

For the nine monthsnine-month period ended July 31, 2017, we have not generated positive2023, net cash flows, ourprovided by operating activities were $48,191. For the nine-month period ended July 31, 2022, net cash flows used in operating activities was $20,763. For the Nine months period ended July 31, 2016, we have generated positive cash flows from operating activities of $634.were $(6,598). 

Cash Flows from Investing Activities

We have not generated cash flows from investing activities for the nine months period ended July 31, 2017 and 2016.

Cash Flows from Financing Activities

We generated

For the nine-month period ended July 31, 2023, we have used $Nil of cash flows from financing activities foractivities. For the nine monthsnine-month period ended July 31, 20172022, we have generated $6,598 of $18,200 from selling common stock for cash.  For the nine months period ended July 31, 2016, we did not generate cash flows from financing activities.

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next Ninetwelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placementplacements of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements.debt.. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or

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opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any offbalanceoff-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.

Going Concern

The independent auditors' review report accompanying our October 31, 2016 financial statements containedhave been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company has an explanatory paragraph expressingaccumulated deficit of $(1,092,615). The Company currently has negative working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt about ourthe ability of the Company to continue as a going concern. TheThese financial statements have been prepared "assumingdo not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that we willmight be necessary should the company be unable to continue as a going concern," which contemplatesconcern.

Management anticipates that wethe Company will realize our assetsbe dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and satisfy our liabilities and commitments in the ordinary course of business.continue as a going concern.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’sCommission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’sissuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2017.2023. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the Nine-monththree-month period ended July 31, 20172023 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. UNREGISTERED SALES OF EQUITYEQUITY SECURITIES AND USE OF PROCEEDS

No report required.None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

No report required.

None.

ITEM 6. EXHIBITS

Exhibits:

* to be filed by amendment

31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.SIGNATURES

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.

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