NOTE 5 – LOANS FROM DIRECTORS AND OFFICER – RELATED PARTY

Loans from the Company’s directors and officer at December 31, 2020 and June 30, 2020 were $57,024 and $50,993, respectively. The loans bear no interest and are all payable on demand. The Company did not repay any amount on these loans during the six months ended December 31, 2020 (see Note 9).