LSEB Creative Corp.

The global swimwear market was valued at 20.2 billion USD in 2025-2026 and is expected to reach 34 billion USD by 2032, at a CAGR of 5.8% over the forecast period 2025-2033 ¹. The women's segment dominates this market, accounting for over 65% of the share in 2025 ². North America is predicted to reach 32.5% of the market share in the coming years ³. The Asia Pacific region has positioned itself as the largest regional market for swimwear products. The luxury swimwear market in Asia-Pacific is valued at approximately USD 5.4 billion in 2024, accounting for about 23% of the global market, and is projected to grow at a CAGR of 8.0% from 2024 to 2031 ⁴. China is valued at USD 2.43 billion in 2024 with a projected CAGR of 7.5% ⁵, India at USD 649 million in 2024 with a CAGR of 6.8% ⁶, and Southeast Asia at USD 373 million in 2024 with a projected CAGR of 9.0% ⁷. Asia-Pacific and LAMEA collectively contributed a global market share of over 30 percent in 2024 ⁸, and Asia-Pacific individually is projected to grow at a significant CAGR of 8.4 percent ⁹. As of 2025, luxury accounted for 12-14% of the women's swimwear market, and by 2028 the market share is expected to grow to 18-22% ¹⁰. Travel and tourism reached a global economic contribution of a record $11.7 trillion in 2025 ¹¹, and approximately 35% of vacationing Americans had intentions of travelling internationally to destinations requiring swimwear attire in 2025, a 9% increase from 2020 ¹².

Key players in the global swimwear industry include Haddow Group Plc, Nike Inc., Boardriders, Inc., Arena Italia S.p.A., O'Neill, Inc., Swimwear Anywhere, Inc., Adidas AG, Gap Inc., Phillips-Van Heusen Corporation (PVH Corp.), and Perry Ellis International Inc ¹³. The Company's primary competitors include Amaio Swim, ERES Paris, Orlebar Brown, and Frescobol Carioca. Competition in the luxury swimwear industry is based principally on brand image and recognition as well as product quality, innovation, style, distribution, and price. The Company believes it can successfully compete based on its premium brand image, innovative product, ability to introduce new product innovations, and combination of versatility and fashion. The Company's competitive strengths include its concept and assortment of coordinating men's and women's sub-collections, a high-functioning eCommerce platform, and an experienced management team led by founder Lauren Bentley.

The Company is a specialty retailer that offers men and women elevated swimwear designs constructed with the highest quality materials and techniques. Revenue is generated through a multi-channel distribution strategy including both B2B and B2C relationships, with the main distribution channel being eCommerce. The Company's strategy is to capitalize on opportunities in the luxury swimwear market through development and growth of its website www.laurenbentleyswim.com and wholesaler partnerships on a global scale. The Company believes eCommerce will allow convenient and easy access to products while effectively building brand awareness and entry into new markets. The Company's mission is to become a single source of innovative luxury swimwear for its target market. The primary target demographic is females 30-40 years and males 32-42 years, Millennial generation, with an annual household income of $160,000 – 240,000 USD ¹⁴.

The Company offers premium swimwear optimized for fit, comfort, functionality and style, with coordinating men's and women's sub-collections. Women's designs include adjustable shoulder straps, tie-back straps, hook & eye bra closures, shapewear inserts, underwire or floating underwire, and molded cups, with sizing in numeric sizing (2-18) or bra sizing (32B/C – 38 B/C). Women's one-piece or two-piece sets are priced at $220-450 USD ¹⁵, and cover-ups at $275-400 USD ¹⁶. Men's swim trunks are priced at $220-240 USD ¹⁷ and include features such as hidden inner drawstrings, waist fasteners, and technologically advanced stretch net lining, with numeric sizing (26-40) and inseam length options (4.5" or 6.5") ¹⁸. The Company does not own or operate any manufacturing facilities but contracts with third-party vendors for fabrics, trims, and garment manufacturing. Manufacturing takes place in Europe. The Company currently has relationships with suppliers including Carvico USA Inc, Eurojersey S.p.A, Tessitura Taiana Virgilio S.p.A, Lampo by Ditta Giovanni Lanfranchi S.p.A, and Chargeurs PCC Fashion Technologies.

The Company was incorporated in Wyoming on April 3, 2019. On August 3, 2023, the Company incorporated its wholly-owned subsidiary 1000615000 Ontario Corp, an Ontario corporation, and on September 12, 2023 filed articles of amendment to change its name to LSEB Creative Corp (Ontario). The Company commenced sales in the 3rd quarter ended December 31, 2023. As of March 31, 2026, the Company has one full time employee, Lauren Bentley, who does not have a formal employment agreement, and Jordan Starkman serves as CFO without a formal employment agreement. The Company also has 2 consultants working for the Company related to financing activities, brand awareness, and design and patterns for the swimwear. The Company's capital requirements to implement its business strategy will be approximately $400,000 ¹⁹. The Company plans to pursue strategic acquisitions of independent swimwear brands and eCommerce sites, aiming to limit debt financing for all acquisitions to no more than 40% to 50% of the Common Shares equity ²⁰.

From inception to March 31, 2026, the Company has incurred an accumulated deficit of $774,530 ²¹. For the twelve months ending March 31, 2026, the Company has incurred a net loss of $59,985 ²². As of March 31, 2026, the Company had $101 in cash ²³. The Company's auditor has expressed substantial doubt as to the Company's ability to continue as a going concern. The aggregate market value of the 8,276,300 shares of voting common equity held by non-affiliates as of March 31, 2026 was $1,655,260 computed by reference to the closing price of $0.20 per share ²⁴. As of August 4, 2026, the Company had 16,813,800 shares issued and outstanding ²⁵.

The Company plans to capitalize on the projected growth in the swimwear industry and on consolidation opportunities. The fragmented nature of the North American swimwear marketplace provides a significant opportunity for LSEB to grow through strategic acquisition of privately operated eCommerce web sites. The Company will pursue acquisitions or developments that meet the objective of acquiring swimwear brands with positive cash flow. The Company also plans to expand its product offering in categories such as beachwear and men's daywear post-launch. Long-term, LSEB is planning to expand its international shipping destination roster, at which time it will partner with FedEx CrossBorder and Mail Forwarding to service a broader range of international customers.

The Company plans to selectively seek opportunities to expand the appeal of its swimwear line and improve productivity to increase overall market share. The Company intends to build market share in the swimwear category by offering consistently innovative and quality products, maintaining open communication with customers, and offering the added convenience of an efficient distribution strategy. The Company also plans to increase brand awareness and customer loyalty through consistent marketing efforts and planned web and mobile advertising expansion, utilizing major platforms such as Meta (Facebook and Instagram), Pinterest, and Google to significantly broaden the brand's audience reach.

The Company's operating margin will grow steadily through the successful implementation of centralized distribution and other key activities, and a focus on maximizing gross margin dollars. The Company plans to realize additional operating efficiencies both at the corporate level and within its e-commerce site, which will give the Company the flexibility to offer increased value to customers and strengthen its competitive position. The Company believes it can further leverage its buying power to realize additional efficiencies in areas such as supply chain and capital expenditures.

The Company will rely on the efficiency of its supply and distribution chain for the successful implementation of its business strategy. The Company plans to utilize its current facility for storage and distribution purposes, allowing it to hold inventory, fulfill orders, and process shipments within one facility. The Company currently operates and will distribute goods from its office in Toronto, Canada, with facilities leased or owned by third parties who allow the Company to utilize the space at no cost. The Company plans to support future growth through multiple manufacturers and has developed relationships with a number of vendors, though it has no long-term agreements requiring use of any specific manufacturer.

The Company's capital requirements to implement its business strategy will be approximately $400,000 ²⁶. The Company proposes to use proceeds from its offering, bank financing, issuance of treasury shares or other securities, private or public financing, joint venturing of projects or any combination thereof to finance acquisitions. The Company aims to limit debt financing for all acquisitions to no more than 40% to 50% of the Common Shares equity ²⁷. The Company has no plans to pay dividends and for the foreseeable future, earnings generated from operations will be retained for use in the business.

The Company's business continues to be negatively influenced by macroeconomic conditions, including trade policies, shifting consumer demand, inflation, foreign currency fluctuations, and geopolitical instability. On April 2, 2025, the United States announced the implementation of a 10% baseline tariff on imports from nearly all countries with higher country-specific tariff rates scheduled to begin April 9, 2025 ²⁸. The United States also approved the One Big Beautiful Bill Act on July 4, 2025, which removed the de minimis exemption for low value shipments imported into the United States in 2027 ²⁹. On July 30, 2025, the President of the United States issued an executive order removing the de minimis exemption for all countries beginning August 29, 2025 ³⁰. These changes in the tariff landscape are expected to have a significant adverse effect on the Company's business and results of operation. The countries from which the Company sources the majority of its products are now subject to higher tariffs on imports into the United States, and the majority of sales to U.S. e-commerce guests are currently fulfilled from a distribution center in Canada, with a significant proportion of these orders historically qualifying for the de minimis exemption. The removal of this exemption increases the cost of fulfilling those orders, and the Company anticipates a significant reduction in its sales, gross margin and operating margin.

The Company's ability to successfully deploy its business model is heavily dependent upon the general state of the US and Canadian economy. Unfavorable economic conditions may lead guests to delay or reduce purchases of the Company's products, which may be considered discretionary items. Factors that may influence consumer spending on discretionary items include general economic conditions, high levels of unemployment, health pandemics, higher consumer debt levels, reductions in net worth, home foreclosures, fluctuating interest and foreign currency rates, credit availability, government austerity measures, fluctuating fuel and other energy costs, fluctuating commodity prices, tax rates, and general uncertainty regarding the overall future economic environment.

The Company has a limited operating history and no brand recognition, having been incorporated in Wyoming on April 3, 2019, with only $101 in cash as of March 31, 2026 ³¹ and limited revenues to date. The Company will require financing to achieve its current business strategy, with capital requirements of approximately $400,000 ³², and such financing may not be available on acceptable terms. The Company's auditor has expressed substantial doubt as to its ability to continue as a going concern, with an accumulated deficit of $774,530 from inception to March 31, 2026 ³³ and a net loss of $59,985 for the twelve months ending March 31, 2026 ³⁴. The Company is dependent on the continued services of Lauren Bentley, its officer and director, with whom it does not have an employment agreement. The Company faces intense competition from larger, more capitalized companies and there is no hard data substantiating demand for its products. Changes in U.S. tariff policy, including a 10% baseline tariff on imports announced April 2, 2025 ³⁵ and the removal of the de minimis exemption for low value shipments effective August 29, 2025 ³⁶, are expected to have a significant adverse effect on the Company's business, with anticipated reductions in sales, gross margin and operating margin.

Management's message emphasizes the Company's commitment to building a highly recognized brand and offering captivating customer experiences that drive long-term loyalty. The strategic priorities emphasized include capitalizing on favorable demographic and industry trends in the luxury swimwear market, driving sales growth and maximizing gross margin dollars and operating cash flow, and capitalizing on cost reduction opportunities. Management is confident in the Company's ability to operate cost efficiently and compete in a highly saturated market by addressing the observed opportunity for innovation and quality options in the swimwear market. Management is actively targeting sources of additional financing to provide continuation of the Company's operations and growth, and is optimistic that financing will be secured and the going concern risk will be removed.