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Item 1. Financial Statements (Unaudited)

ARMA SERVICES, INC.

Condensed Balance Sheets (Unaudited)

See accompanying notes to condensed unaudited financial statements.

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ARMA SERVICES, INC.

Condensed Statements of Operations

(Unaudited)

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

See accompanying notes to condensed unaudited financial statements.

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ARMA SERVICES, INC.

Condensed StatementsStatement of Cash FlowsStockholder’s Equity (Unaudited)

 (Unaudited)For the Three Months Ended January 31, 2022 and 2021

	Three months ended January 31, 2017	Three months ended January 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (586)	$ 558
Changes in operating assets and liabilities
Accrued Expenses	(6,931)	-
Net cash used in operating activities	(7,517)	558
CASH FLOWS PROVIDED BY FINANCIING ACTIVITIES
Capital stock issued for cash	18,200	-
Net cash flows provided by Financing Activities	18,200	-
Net Increase (Decrease) in Cash	10,683	558
Cash at the beginning of Period	4,295	3
Cash at the end of Period	$ 14,978	$ 561
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$ -	$ -
Income taxes paid	$ -	$ -

See accompanying notes to condensed unaudited financial statements.

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ARMA SERVICES, INC.

Condensed Statements of Cash Flows

(Unaudited)

See accompanying notes to condensed unaudited financial statements.

ARMA SERVICES, INC.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

JANUARY 31, 20172022

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”) tourismbusiness and tourism. We are in Russia for corporate customers from United States, China and internal Russian clients. We plan to createthe business of creating a variety of events for domestic and foreign companies,international organizations, including; industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees,arrangements. Although the current focus is virtual MICE events procurement, i.e. online, we aim to provide live participation and to organize participationorganization in exhibitions and forums.forums within the United States and China.

NOTE 2 – SUMMARY OF SIGNIFCANTSIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth 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) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended October 31, 20162021 filed on February 24, 201703, 2022 and Management's Discussion and Analysis of Financial Condition and Results of Operations. 

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of; assets and liabilities, 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. 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 for corporate customers from and in the United States and China.

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.

Commitments and Contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

Net Loss per Common Share 

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of January 31, 20172022 or 2016.2022. As the Company has incurred losses for all periods, the impact of the common stock equivalents would be antidilutive, and therefore, are not included in the calculation.

Recent Accounting Pronouncements

The Company does not anticipate any recently released accounting standards pronouncements to have a significant impact on reported financial position or results of operations in these or future financial statements.

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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 January 31, 2017.$58,986. The Company currently has limitedno 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 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’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 – DIRECTOR’S LOANRELATED PARTY LOANS

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 January 31, 2017,2022, the Company had a loan outstanding with the Company’s sole director,CEO, Mr. Sergey Gandin in the amount of $5,992.$22,586 compared to $20,650 as of October 31, 2021. The loan is non-interest bearing, due upon demand, and unsecured.

NOTE 5 – COMMON STOCK

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

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 officersofficer and directorsdirector are involved in other business activities and most likely will become involved in other business activities in the future.

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC 855, the Company has analyzed its operations subsequent to January 31, 20172022 to the date these financial statements were issued, i.e. as of March 29, 2022.

On March 28, 2022, the management of Arma Services, Inc., a Nevada corporation (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 concluded there are no material subsequent events to disclose in these financial statements.dismissed Zia Masood Kiani & Co. Chartered Accountants (“ZMK”), as the Company's independent registered public accounting firm.

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

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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

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 MonthsThree-Month Period Ended January 31, 20172022 and 20162021

Our net loss for the three monthsthree-month period ended January 31, 2022 was $441 compared to a net loss of $635 for the three-month period ended January 31, 2021. During the three-month periods ended January 31, 2017 was $5862022 and net income for the period three months ending January 31, 2016 was $558. During the three months period ended January 31, 2017,2021 we have not generated any revenue. DuringIn line with our fully established business plan and plan of operations, company management has investigated numerous available marketing platforms within its industry and carried out further analysis of the three monthsinternational markets, including Chinese and U.S. commercial markets, for the type of services Arma Services, Inc. provides.

Liquidity and Capital Resources

Three Months Ended January 31, 2022

As of January 31, 2022 and October 31, 2021, our total assets were $0. As of January 31, 2022 and October 31, 2021, our liabilities were $32,586 and $32,145 respectively. Stockholders’ deficit was $32,586 and $32,145 as of January 31, 2022 and October 31, 2021.

Cash Flows from Operating Activities

For the three-month period ended January 31, 2016, we have generated $600 in sales.

The weighted average number of shares outstanding was 5,090,850 for the three months period ended January 31, 2017.

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

Liquidity and Capital Resources

Three Months Period Ended January 31, 2017  

As at January 31, 2017, our total assets were $14,978. Total assets were comprised of cash and cash equivalents.  As at January 31, 2017, our current liabilities were $5,992 compared to $12,923 as of October 31, 2016. Stockholders’ equity was $8,986 as of January 31, 2017 compared to a deficit of $8,628 as of October 31, 2016. The decrease in liabilities and the increase in stockholders’ equity was due to selling of common stock for cash.  

Cash Flows from Operating Activities

For the three month period ended January 31, 2017,2022, net cash flows used in operating activities was $(7,517).$1,936. For the three months-month period ended January 31, 2016, we have generated positive2021, net cash flows fromused in operating activities of $558.was $1,385.

Cash Flows from Investing Activities

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We have not generated cash flows from investing activities for the three month period-month periods ended January 31, 20172022 and 2016.2021.

Cash Flows from Financing Activities

We

For the three-month period ended January 31, 2022, we have generated $1,936 of cash flows from financing activities foractivities. For the three monththree-month period ended January 31, 20172021, we have generated $1,385 of $18,200 from selling common stock for cash.  For the three month 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 threetwelve 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 placement 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. 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 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,director, although no future arrangement for additional loans has been made. We do not have any agreements with our directorsdirector 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 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.

Going Concern

The independent auditors' review report accompanying our  October 31, 2015 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 $58,986. 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

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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’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’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 January 31, 2017.2022. 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 three-month period ended January 31, 20172022 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

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 EQUITY SECURITIES AND USE OF PROCEEDS

No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

No report required.

ITEM 6. EXHIBITS

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Exhibits:

31.1 Certification of Chief Executive 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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