UNITED STATES

SECURITIES AND EXCHANGE ~~COMMISSIONWashington,~~COMMISSION ~~D.C. 20549~~

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~May~~November 3130, 2020

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File No. 333-22981

YUMBA RECORDS STORAGE, INC.

(Exact Name of Small Business Issuer as specified in its charter)

Nevada	4225	32-0603983
(State or jurisdiction ofincorporation or organization)	(Primary Standard IndustrialClassification Code Number)	(I.R.S. EmployerIdentification Number)
(State or jurisdiction of incorporation or organization)	(Primary Standard Industrial Classification Code Number)	(I.R.S. Employer Identification Number)

Yumba Records Storage, Inc.

H. No FF-2, First Floor

Rosemina Arcade, Malbhat

Margao, State of Goa, India 403601

Telephone: 011-91-9689157273

Email: yumba.records@gmail.com

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☐☒ Smaller reporting company ☒ 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. Yes ☒ No ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

~~11,000,000~~State the number of shares outstanding of ~~registrant~~each of the issuer’s classes of common ~~stock~~equity, ~~$0.001~~as ~~par~~of ~~value,~~the ~~were~~latest ~~outstanding~~practicable atdate: ~~August 6~~10,200,000 ~~2020.~~common ~~Registrant~~shares ~~has~~outstanding noand ~~other~~11,000,000 ~~class~~shares are issued as of ~~common~~January ~~equity~~8, 2021.

PART I. FINANCIAL INFORMATION Item 1 Financial Statements.

~~Item~~Yumba 1.Records ~~Financial~~Storage, ~~Statements~~Inc.

~~Yumba~~Condensed ~~Records~~Consolidated ~~Storage,~~Balance ~~Inc.~~Sheets

Condensed Consolidated Balance Sheets

	November 30, 2020			August 31, 2020
	(unaudited)

ASSETS
Current assets
Cash	$	17,053		$	25,242
Prepaid expenses		300			-

Total current assets		17,353			25,242

Total assets	$	17,353		$	25,242

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	$	5,336		$	877
Due to related party		585			585

Total current liabilities		5,921			1,462

Long term liabilities
Related party notes payable, net of discount		14,372			14,194

Total liabilities		20,293			15,656

Commitments and contingencies (Note 7)

STOCKHOLDERS’ EQUITY (DEFICIT)

Common stock: $0.001 par value, 200,000,000 authorized, 11,000,000 shares issued and 10,200,000 shares outstanding as of November 30, 2020, 11,000,000 issued and outstanding as of August 31, 2020.		11,000			11,000
Additional paid-in capital		46,945			46,945
Treasury stock, at cost		(7,760	)		-
Accumulated deficit		(52,748	)		(48,167	)
Accumulated other comprehensive income		(377	)		(192	)

Total stockholders’ equity (deficit)		(2,940	)		9,586

Total liabilities and stockholders’ equity (deficit)	$	17,353		$	25,242

	May 31, 2020			August 31,2019
	(unaudited)
ASSETS
Current assets
Cash	$	27,850		$	408
Prepaid expenses		476			-
Total current assets		28,326			408
Total assets	$	28,326		$	408
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	$	928		$	728
Due to related party		630			2,871
Total current liabilities		1,558			3,599
Long term liabilities
Notes payable, net of discount		14,018			13,503
Total liabilities		15,576			17,102
STOCKHOLDERS’ EQUITY (DEFICIT)
Common stock: $0.001 par value, 200,000,000 authorized, 11,000,000 and 6,000,000 issued and outstanding as of May 31, 2020 and August 31, 2019 respectively		11,000			6,000
Additional paid-in capital		46,945			1,945
Accumulated deficit		(45,195	)		(24,639	)
Total stockholders’ equity (deficit)		12,750			(16,694	)
Total liabilities and stockholders’ equity (deficit)	$	28,326		$	408

The accompanying notes are an integral part of these condensed consolidated financial statements

~~(The accompanying notes are an integral part of these financial statements)~~2

2Yumba Records Storage, Inc.

~~Yumba Records Storage, Inc.~~Condensed Consolidated Statements of Operations~~(unaudited)~~ and Comprehensive Loss

	For the Three Months						For the Nine Months
	May 31, 2020			May 31, 2019			May 31,2020			May 31, 2019
Revenue
Revenue	$	1,320		$	-		$	1,739		$	-
Expenses
General and administrative		989			1,496			9,669			1,562
Professional fees		1,750			1,750			11,488			6,250
Rent		477			-			477			-
Total expenses		3,216			3,246			21,634			7,812
Loss from operations		(1,896	)		(3,246	)		(19,895	)		(7,812	)
Other Expenses and Losses
Interest expense		(173	)		-			(514	)		-
Loss on foreign exchange		(79	)		-			(147	)		-
Loss before provision for income tax		(2,148	)		(3,246	)		(20,556	)		(7,812	)
Provision for income tax		-			-			-			-
Net loss	$	(2,148	)	$	(3,246	)	$	(20,556	)	$	(7,812	)
Net loss per share – basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding – basic and diluted		11,000,000			6,000,000			10,833,285			6,000,000

(unaudited)

(The accompanying notes are an integral part of these financial statements)

	For the Three Months Ended November 30, 2020			For the Three Months Ended November 30, 2019
Revenue
Revenue – related party	$	1,220		$	-

Expenses
General and administrative		635			1,029
Professional fees		4,500			6,737
Rent		488			-
Total expenses		5,623			7,766
Loss from operations		(4,403	)		(7,766	)
Other Expenses
Interest expense		(178	)		(170	)
Loss on foreign currency exchange		-			(35	)
Loss before provision for income tax		(4,581	)		(7,971	)
Provision for income tax		-			-
Net Loss		(4,581	)		(7,971	)
Other comprehensive loss
Foreign currency translation		(185	)		-
Net Comprehensive Loss	$	(4,766	)	$	(7,971	)

Net loss per share – basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding – basic and diluted		10,393,407			10,492,444

3The accompanying notes are an integral part of these condensed consolidated financial statements

~~YUMBA RECORDS STORAGE, INC. Condensed Consolidated Statement of Stockholders’ equity (deficit) (unaudited)~~3

	Common Stock				AdditionalPaid-in		Accumulated
	Number		Par Value		Capital		Deficit			Total
September 1, 2019		6,000,000	$	6,000	$	1,945	$	(24,639	)	$	(16,694	)
Sale of common shares for cash		5,000,000		5,000		45,000		-			50,000
Net loss for the period		-		-		-		(7,971	)		(7,971	)
November 30, 2019		11,000,000	$	11,000	$	46,945	$	(32,610	)	$	25,335
Net loss for the period		-		-		-		(10,437	)		(10,437	)
February 29, 2020		11,000,000	$	11,000	$	46,945	$	(43,047	)	$	14,898
Net loss for the period		-		-		-		(2,148	)		(2,148	)
May 31, 2020		11,000,000	$	11,000	$	46,945	$	(45,195	)	$	12,750

YUMBA RECORDS STORAGE, INC.

	Common Stock				AdditionalPaid-in		Accumulated
	Number		Par Value		Capital		Deficit			Total
September 1, 2018		6,000,000	$	6,000	$	-	$	(11,937	)	$	(5,937	)
Net loss for the period		-		-		-		(4,566	)		(4,566	)
November 30, 2018		6,000,000	$	6,000	$	-	$	(16,503	)	$	(10,503	)
Net loss for the period		-		-		-		-			-
February 28, 2019		6,000,000	$	6,000	$	-	$	(16,503	)	$	(10,503	)
Net loss for the period		-		-		-		(3,246	)		(3,246	)
May 31, 2019		6,000,000	$	6,000	$	-	$	(19,749	)	$	(13,749	)

Condensed Consolidated Statement of Stockholders’ equity (deficit)

(~~The accompanying notes are an integral part of these financial statements~~unaudited)

																Accumulated
																Other
	Common Stock				Treasury Stock						Paid-in		Accumulated			Comprehensive
	Number		Par Value		Number			Amount			Capital		Deficit			Income			Total
Balance, September 1, 2020		11,000,000	$	11,000		-		$	-		$	46,945	$	(48,167	)	$	(192	)	$	9,586
Treasury stock purchases		-		-		(800,000	)		(7,760	)		-		-			-			(7,760	)
Net loss for the period		-		-		-			-					(4,581	)		-			(4,581	)
Foreign currency translation		-		-		-			-			-		-			(185	)		(185	)
Balance, November 30, 2020		11,000,000	$	11,000		(800,000	)	$	(7,760	)	$	46,945	$	(52,748	)	$	(377	)	$	(2,940	)

																Accumulated
																Other
	Common Stock				Treasury Stock						Paid-in		Accumulated			Comprehensive
	Number		Par Value		Number			Amount			Capital		Deficit			Income			Total
Balance, September 1, 2019		6,000,000	$	6,000		-		$	-		$	1,945	$	(24,639	)	$	-		$	(16,694	)
Issuance of common shares for cash		5,000,000		5,000		-			-			-		-			-			50,000
Net loss for the period		-		-		-			-			-		(7,971	)		-			(7,971	)
Balance, November 30, 2019		11,000,000	$	11,000		-		$	-		$	1,945	$	(32,610	)	$	-		$	25,335

~~Yumba~~The ~~Records~~accompanying ~~Storage,~~notes ~~Inc.Condensed~~are ~~Consolidated~~an ~~Statements~~integral part of ~~Cash~~these ~~Flows~~condensed consolidated financial statements

	For the Nine Months EndedMay 31, 2020			For the Nine Months EndedMay 31, 2019
Cash flows from operating activities
Net loss	$	(20,556	)	$	(7,812	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount		514			-
Change in operating assets and liabilities
Increasein prepaid		(476	)		-
Increase in accounts payables and accrued liabilities		200			(78	)
Decrease in due to related parties		(2,240	)		700
Net cash used in operating activities		(22,558	)		(7,190	)
Cash flows from financing activities
Proceeds from sale of common shares for cash		50,000			-
Net cash provided by financing activities		50,000			-
Change in cash		27,442			(7,190	)
Cash – beginning of period		408			10,290
Cash – end of period	$	27,850		$	3,100
Supplemental cash flow disclosures
Cash paid for:
Interest		-		−
Income tax	−			−

~~(The~~Yumba ~~accompanying~~Records ~~notes~~Storage, ~~are an integral part of these financial statements)~~Inc.

5Condensed Consolidated Statements of Cash Flows

~~Yumba Records Storage, Inc. Notes to the Condensed Consolidated financial statementsMay 31, 2020~~(Unaudited)

1. NATURE AND CONTINUANCE OF OPERATIONS

	For the Three Months Ended November 30, 2020			For the Three Months Ended November 30, 2019

Cash flows from operating activities
Net loss	$	(4,581	)	$	(7,971	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount		178			170

Change in operating assets and liabilities
Prepaid		(300	)		-
Accounts payables and accrued liabilities		4,459			1,500
Due to related parties		-			316
Net cash used in operating activities		(244	)		(5,985	)

Cash flows from financing activities
Re-purchase of common stock for cash		(7,760	)		-
Proceeds from sale of common shares for cash		-			50,000
Net cash provided by financing activities		(7,760	)		50,000

Effect of exchange rate changes on cash		(185	)		-

Change in cash		(8,189	)		44,015

Cash – beginning of period		25,242			408

Cash – end of period	$	17,053		$	44,423

Supplemental cash flow disclosures
Cash paid for:
Interest		-			-
Income tax		-			-

~~Yumba Records Storage, Inc. (the "Company") was incorporated in the state of Nevada on July 21, 2017 ("Inception").~~ The ~~Company~~accompanying ~~plans~~notes ~~to be a physical record storage and retrieval company. The Company's corporate headquarters~~ are ~~located~~an inintegral ~~Margao,~~part ~~India~~of ~~and~~these ~~its~~condensed ~~fiscal~~consolidated ~~year-end~~financial ~~is August 31.~~ statements

~~Most of the activities of the Company have related to its organization, initial funding, and share issuances. In February 2020, the Company commenced its operations.~~5

2Yumba Records Storage, Inc. ~~GOING~~Notes ~~CONCERN~~to the Condensed Consolidated financial statements November 30, 2020 (Unaudited)

These unaudited financial statements have been prepared on a going concern basis, which assumes that the Company will continue to realize its assets and discharge its liabilities in the normal course of business1. ~~During~~NATURE ~~the~~AND ~~nine~~CONTINUANCE ~~months~~OF ended May 31, 2020, the Company incurred a net loss of $20,556. As of May 31, 2020, the Company had an accumulated deficit of $45,195. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern within one year after the date that the financial statements are issued. OPERATIONS

InYumba ~~order~~Records ~~to continue as a going concern~~Storage, ~~the Company will need, among other things, significant revenue and additional capital resources~~Inc. ~~Management’s plan is to obtain such resources for~~ (the "Company") ~~from~~was ~~revenue~~incorporated ~~and/~~in orthe bystate ~~obtaining~~of ~~capital~~Nevada ~~from~~on ~~management~~July ~~and~~21, ~~significant~~2017 ~~shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing~~("Inception"). ~~However,~~The ~~management cannot provide any assurances that the~~ Company ~~will be successful in accomplishing any of its~~ plans~~. These~~ ~~financial statements do not include any adjustments related~~ to ~~the~~be ~~recoverability~~a ~~and~~physical ~~classification~~record ofstorage ~~assets or the amounts~~ and ~~classification~~retrieval ofcompany. ~~liabilities~~The ~~that might be necessary should the~~ Company's becorporate ~~unable~~headquarters toare ~~continue~~located asin aMargao, ~~going~~India ~~concern. These unaudited financial statements do not include any adjustments to the recoverability~~ and ~~classification~~its offiscal ~~recorded~~year-end ~~asset~~is ~~amounts~~August ~~and classification of liabilities that might be necessary should the Company be unable to continue as a going concern~~31.

Due to the COVID-19 global pandemic, the global economy and financial markets have been disrupted and there continues to be a significant amount of uncertainty about the length and severity of the consequences caused by the pandemic2. ~~The~~GOING ~~Company~~CONCERN has begun to experience general business disruptions that impeded normal business activity including its ability to provide storage area access, the Company premises is under lock-down,delivery of face-to-face interaction nor able to seek new clients. These events may affect the Company’s ability to continue as a going concern.

3These unaudited financial statements have been prepared on a going concern basis, which assumes that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. ~~SUMMARY~~During OFthe ~~SIGNIFICANT~~three ~~ACCOUNTING~~months ~~POLICIES~~ended November 30, 2020, the Company incurred a net loss of $4,581. As of November 30, 2020, the Company had an accumulated deficit of $52,748. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern within one year after the date that the financial statements are issued.

~~Condensed~~In ~~Consolidated~~order ~~Financial~~to ~~Information:~~continue as a going concern, the Company will need, among other things, significant revenue and additional capital resources. Management’s plan is to obtain such resources for the Company from revenue and/ or by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These unaudited financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

~~The~~Due ~~preparation~~to ~~of financial statements in accordance with generally accepted accounting principles in~~ the ~~United~~COVID-19 ~~States~~global ofpandemic, ~~America requires~~ the ~~use~~global ofeconomy ~~estimates~~ and ~~assumptions~~financial ~~that~~markets ~~affect~~have ~~the~~been ~~reported~~disrupted ~~amounts of assets~~ and ~~liabilities,~~there ~~disclosure~~continues ofto ~~contingent~~be ~~assets~~a ~~and~~significant ~~liabilities~~amount ~~known to exist as~~ of ~~the~~uncertainty ~~date~~about the ~~financial~~length ~~statements are published,~~ and ~~the~~severity ~~reported amounts~~ of ~~revenues~~the ~~and~~consequences ~~expenses~~caused ~~during~~by the ~~reporting period~~pandemic. ~~Uncertainties~~The ~~with~~Company ~~respect~~has begun to ~~such~~experience ~~estimates~~general ~~and~~business ~~assumption~~disruptions ~~are~~that ~~inherent~~impeded innormal ~~the~~business ~~preparation~~activity ofincluding ~~the~~its ~~Company’s~~ability ~~financial~~to ~~statements;~~provide ~~accordingly,~~storage itarea isaccess, ~~possible that~~ the ~~actual~~Company ~~results~~premises ~~could~~is ~~differ~~under ~~from~~lock-down, ~~these~~delivery ~~estimates~~of ~~and~~face-to-face ~~assumptions~~interaction ~~that~~nor ~~could~~able ~~have~~to aseek ~~material~~new ~~effect~~clients. onThese ~~the~~events ~~reported~~may ~~amounts~~affect of the Company’s ~~financial~~ability ~~position~~to ~~and~~continue ~~results~~as ofa ~~operations~~going concern.

~~Operating results for the nine-month period ended May 31, 2020 are not necessarily indicative of the results that may be expected for the year ending August 31, 2020~~3. ~~The~~SUMMARY ~~condensed~~OF ~~consolidated~~SIGNIFICANT ~~balance~~ACCOUNTING sheet at August 31, 2019 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles in the U.S. for complete financial statements.POLICIES

6Condensed Consolidated Financial Information:

~~Yumba~~The ~~Records~~accompanying ~~Storage,~~unaudited ~~Inc.~~interim ~~Notes~~consolidated financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the ~~Condensed~~information ~~Consolidated~~disclosed in the notes to the financial ~~statementsMay~~statements for the year ended August 31, 2020( included in the Company’s Form 10-K filed with the Securities and Exchange Commission. The unaudited) interim financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended November 30, 2020 are not necessarily indicative of the results that may be expected for the year ending August 31, 2021.

3.Condensed ~~SUMMARY~~Consolidated OFFinancial ~~SIGNIFICANT ACCOUNTING POLICIES (Continued)~~Statements

~~Condensed~~The ~~Consolidated~~unaudited ~~Financial~~condensed ~~Statements~~consolidated financial statements include the accounts of Yumba Records Storage, Inc. and its wholly owned Canadian subsidiary, Yumba Records Storage Inc. and wholly owned Indian subsidiary, Yumba Records Storage Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation.

The unaudited condensed consolidated financial statements include the accounts of Yumba Records Storage, Inc. and its wholly owned Canadian subsidiary, Yumba Records Storage Inc. and wholly owned Indian subsidiary, Yumba Records Storage Private Limited. All significant intercompany balances and transactions have been eliminated upon consolidation.6

~~Cash~~Yumba ~~and~~Records ~~Cash~~Storage, ~~Equivalents~~Inc. Notes to the Condensed Consolidated financial statements November 30, 2020 (unaudited)

~~The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents~~3. ~~The~~SUMMARY ~~Company~~OF ~~maintains~~SIGNIFICANT ~~cash~~ACCOUNTING ~~balances~~POLICIES ~~at one financial institution that is insured by the FDIC.~~(Continued)

~~Revenue~~Emerging ~~Recognition.~~Growth Company

~~The~~Section ~~Company~~102(b)(1) ~~adopted~~of ~~Revenue~~the ~~from~~Jumpstart ~~Contracts~~Our ~~with~~Business ~~Customers~~Startups ~~(Topic~~Act ~~606)~~of 2012 (the “~~ASC~~JOBS ~~606~~Act”). ~~The~~exempts ~~guidance~~emerging ~~sets~~growth ~~forth~~companies afrom being required to comply with new ~~five-step~~or ~~revenue~~revised ~~recognition~~financial ~~model~~accounting instandards ~~which~~until ~~the~~private ~~underlying~~companies ~~principle~~(that is, those that have not had a ~~business~~registration orstatement ~~other~~under ~~organization~~the ~~will~~Securities ~~recognize~~Act ~~revenue~~of to1933, ~~depict~~as amended (the ~~transfer~~“Securities ofAct”), ~~promised~~declared ~~goods~~effective or ~~services~~do tonot ~~customers~~have ina anclass ~~amount~~of ~~that~~securities ~~reflects~~registered ~~what~~under itthe ~~expects~~Securities toExchange ~~receive~~Act inof ~~exchange~~1934, ~~for~~as amended (the ~~goods~~“Exchange Act”), are required to comply with the new or ~~services~~revised financial accounting standards. The ~~Company~~JOBS ~~recognizes~~Act ~~revenue~~provides ~~when~~that ~~performance~~a ~~obligations~~company ~~under~~can ~~the~~elect ~~terms~~to opt out of athe ~~contract~~extended transition period and comply with the ~~customer~~requirements ~~are~~that ~~satisfied.~~apply ~~Product~~to ~~sales~~non-emerging ~~occur~~growth ~~once~~companies ~~control~~but isany ~~transferred~~such ~~upon~~an ~~delivery~~election to ~~the~~opt ~~customer~~out is irrevocable. ~~Revenue~~The isCompany ~~measured~~has aselected ~~the~~not ~~amount~~to opt out of ~~consideration~~such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, ~~expects~~as toan ~~receive~~emerging ingrowth ~~exchange~~company, ~~for~~can ~~transferring~~adopt ~~goods~~the ~~and~~new ~~services~~or revised standard at the time private companies adopt the new or revised standard.

~~Use~~Foreign ofCurrency ~~Estimates and Assumptions~~ Translation

~~The~~Assets ~~preparation~~and liabilities of ~~condensed~~non-U.S. ~~consolidated~~subsidiaries ~~financial~~are ~~statements~~translated ininto ~~conformity~~U.S. ~~with~~dollars USat ~~generally~~the ~~accepted~~respective ~~accounting~~rates ~~principles~~of ~~requires~~exchange ~~management~~prevailing toat ~~make~~the ~~estimates~~end of the reporting period. Income and ~~assumptions~~expense ~~that~~accounts ~~affect~~are ~~the~~translated ~~reported~~at ~~amounts~~average ofexchange ~~assets~~rates ~~and~~prevailing ~~liabilities~~during ~~and~~the ~~disclosure~~reporting ofperiod. ~~contingent~~Translation ~~assets~~adjustments ~~and~~resulting ~~liabilities~~from atthis ~~the~~process ~~date~~are ofrecorded ~~the~~directly ~~condensed~~in ~~consolidated~~equity ~~financial~~as ~~statements~~accumulated other comprehensive (loss) income (“AOCI”) and ~~the~~will ~~reported~~be ~~amounts~~included ofas ~~revenues~~income ~~and~~or ~~expenses~~expense ~~during~~only upon sale or liquidation of the ~~period~~underlying entity or asset. ~~Actual~~Yumba ~~results~~Records ~~could~~Storage ~~differ~~Private ~~from~~Limited ~~those~~(India) ~~estimates.~~considers its local currency (rupees) as its functional currency.

~~Due~~Cash toand ~~the~~Cash ~~limited~~Equivalents ~~level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.~~

~~Income~~The ~~Taxes~~Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

~~The~~Revenue ~~Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes~~Recognition. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company will measure and record a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

~~Earnings~~Revenues ~~Per~~from ~~Share~~our storage facilities, which are primarily composed of rental income earned pursuant to short term leases, are recognized as earned.

~~Basic~~Use ~~earnings per share is computed by dividing net income (or loss) by the weighted- average number~~ of ~~shares~~Estimates outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share is not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the nine-month period ended May 31, 2020 and ~~2019.~~Assumptions

7The preparation of condensed consolidated financial statements in conformity with US 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 of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

~~Yumba~~Due ~~Records~~to ~~Storage~~the limited level of operations, ~~Inc.~~the ~~Notes~~Company has not had to make material assumptions or estimates other than the ~~Condensed~~assumption ~~Consolidated~~that ~~financial~~the ~~statementsMay~~Company ~~31,~~is ~~2020~~a ~~(unaudited)~~going concern.

~~3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)~~Lease

~~Financial~~On ~~Instruments~~February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842). The ASU introduces a new leasing model for both lessees and lessors. Topic 842 provides guidance in how to identify whether a lease arrangement exists. Management has evaluated its premise leasing arrangement and concluded that the company’s lease has a lease term of 12 months or less and per ASC 842 qualifies as short-term. Per ASC 842, a lessee may elect not to apply the recognition requirements of ASC 842 to short-term leases and should recognize the lease payments in net income on a straight-line basis over the lease term.

The Company’s financial instruments consist of cash, accounts payables, notes payable and due to shareholder. The carrying amount of such approximate their fair value due to the short maturity of the instrument.7

~~Fair~~Yumba ~~Value~~Records ofStorage, ~~Financial~~Inc. ~~Instruments~~Notes to the Condensed Consolidated financial statements November 30, 2020 (unaudited)

~~The Company follows ASC 820, Fair Value Measurements and Disclosures, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis~~3. ~~This~~SUMMARY ~~accounting~~OF ~~standard~~SIGNIFICANT ~~establishes~~ACCOUNTING aPOLICIES single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.(Continued)

ASTreasury 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.Stock

~~These~~Treasury ~~tiers~~stock ~~include:~~purchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Gains and losses on the subsequent reissuance of shares are credited or charged to paid-in capital in excess of par value using the average-cost method.

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

Loss Per Share of Common Stock

InBasic ~~accordance~~earnings ~~with~~per ~~the~~share ~~fair~~is ~~value~~computed ~~accounting~~by ~~requirements,~~dividing ~~companies~~net ~~may~~income ~~choose~~(or toloss) ~~measure~~by ~~eligible~~the ~~financial~~weighted- ~~instruments~~average ~~and~~number ~~certain~~of ~~other~~shares ~~items~~outstanding atduring ~~fair~~the ~~value~~period. ~~The~~Diluted ~~Company~~earnings ~~has~~per ~~not~~share ~~elected~~reflect the ~~fair~~potential ~~value~~dilution ~~option~~of ~~for~~securities ~~any~~that ~~eligible~~could ~~financial~~share ~~instruments.~~in Asthe earnings of ~~May~~the 31Company, ~~2020,~~assuming ~~and~~the ~~August~~issuance 31of an equivalent number of common shares pursuant to options, ~~2019~~warrants, ~~the~~or ~~carrying~~convertible ~~value~~debt ofarrangements. ~~prepaid~~Diluted ~~expenses,~~earnings ~~accounts~~per ~~payable~~share ~~and~~is ~~due~~not toshown ~~related~~for ~~party~~periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, ~~that~~potential common stock equivalents are ~~required~~not toincluded in the calculation if the effect would be ~~measured~~anti-dilutive. atNo ~~fair~~potentially ~~value,~~dilutive ~~approximated~~debt ~~fair~~or ~~value~~equity ~~due~~securities towere issued or outstanding during the ~~short~~three-~~term~~month ~~nature~~period ~~and~~ended ~~maturity~~November of30, ~~these~~2020 ~~instruments.~~and 2019.

~~Recent~~Fair ~~Accounting~~Value ~~Pronouncements~~of Financial Instruments

~~From~~The ~~time~~fair tovalue ~~time,~~of ~~new accounting pronouncements are issued by~~ the ~~FASB~~Company’s orassets ~~other~~and ~~standard~~liabilities, ~~setting~~which ~~bodies~~qualify ~~that~~as ~~are~~financial ~~adopted~~instruments byunder the ~~Company~~Financial asAccounting ofStandards Board (the ~~specified~~“FASB”) ~~effective~~Accounting ~~date.~~Standards ~~Unless~~Codification ~~otherwise~~(“ASC”) ~~discussed~~820, we“Fair ~~believe~~Value ~~that~~Measurements ~~the~~and ~~impact~~Disclosures,” ofapproximates ~~recently~~the ~~issued~~carrying ~~standards~~amounts ~~that~~represented ~~are~~in ~~not~~the ~~yet~~condensed ~~effective~~unaudited ~~will~~consolidated ~~not~~balance ~~have a material impact on our financial position or results of operations upon adoption~~sheet.

4.Recent ~~COMMON~~Accounting ~~STOCK~~Pronouncements

~~The~~From ~~total~~time ~~number~~to oftime, ~~common~~new ~~shares~~accounting ~~authorized~~pronouncements ~~that~~are ~~may~~issued beby ~~issued~~the FASB or other standard setting bodies that are adopted by the Company isas ~~200~~of the specified effective date. Unless otherwise discussed,~~000,000~~ ~~shares~~we ~~with~~believe that the impact of recently issued standards that are not yet effective will not have a ~~par~~material ~~value~~impact on our financial position or results of ~~$0.001~~operations ~~per~~upon ~~share~~adoption.

~~The Company became a reporting company on June 3, 2019 and offered a total of 5,000,000 shares of Company’s common stock on a "self-underwritten" basis at a fixed price of $0~~4.01 ~~per~~COMMON share. In October 2019, the Company completed its offering of a total of 5,000,000 shares of Company’s common stock on a "self-underwritten" basis at a fixed price of $0.01 per share, for total proceeds of $50,000. STOCK

AsThe attotal ~~May~~number ~~31,~~of ~~2020,~~common ~~there~~shares ~~were~~authorized nothat may be issued ~~and~~by ~~outstanding~~the ~~stock~~Company ~~options~~is or200,000,000 ~~warrants~~shares with a par value of $0.001 per share.

8The Company became a reporting company on June 3, 2019 and offered a total of 5,000,000 shares of Company’s common stock on a "self-underwritten" basis at a fixed price of $0.01 per share. In October 2019, the Company completed its offering of a total of 5,000,000 shares of Company’s common stock on a "self-underwritten" basis at a fixed price of $0.01 per share, for total proceeds of $50,000.

~~Yumba~~In ~~Records~~September ~~Storage~~2020, ~~Inc.~~the ~~Notes~~Company torepurchased ~~the~~800,000 ~~Condensed~~Common ~~Consolidated~~Stock ~~financial~~from ~~statementsMay~~4 31shareholders for $7,760 ~~2020(Unaudited)~~and returned these shares to treasury. The following table summarizes the Company’s stock repurchase activity:

5. RELATED PARTY TRANSACTIONS

Shares

repurchased

Average price per share

Total Cost

Treasury stock

800,000

0.0097

7,760

~~The~~As ~~Company~~at ~~does~~November ~~not~~30, ~~own any real property. In February~~ 2020, ~~the~~there ~~Company~~were ~~had~~no ~~lease~~issued premises from a related party for INR 12,000 rupees ($159) per month. A company related party has signed a storage service contract with the Company for INR 10,000 rupees ($133 ) per month. The Company has adopted ASC 842, Leases, on September 1, 2019 and ~~elected~~outstanding tostock ~~follow~~options ~~practical~~or ~~expedient for short term leases, which allows to not recognize lease liability and right of use asset on leases shorter than 12 months~~warrants.

~~The Company has received $15,170 from related party (Note 6).~~8

6Yumba Records Storage, Inc. ~~RELATED~~Notes ~~PARTY~~to ~~NOTES~~the ~~PAYABLE,~~Condensed ~~NET~~Consolidated OFfinancial ~~DISCOUNT~~statements November 30, 2020 (unaudited)

As of August 31, 2019, the Company received advances of $15,170 from a related party. These advances are unsecured with no interest. The Company entered into a formal promissory note for the advanced amount as of April 1, 2019, with a maturity date of December 31, 2021 with no stated interest rate. The computed discounted present value of the note payable at issuance, based on a 5~~% imputed interest rate, was $13,225 with $1,945 recognized as a debt discount, to be amortized over the life of the note using effective interest method~~. ~~The~~RELATED ~~amortization~~PARTY of the discount for three and nine months ended May 31, 2020 was $173 and $514, respectively.For three and nine months ended May 31, 2019 amortization of discount was $nil and $nil, respectively.Discount amortization is reported as interest expense.TRANSACTIONS

	May 31, 2020			August 31, 2019
Principal amount of notes payable	$	15,170		$	15,170
Less: unamortized discount		(1,152	)		(1,667	)
Notes payable less unamortized discount	$	14,018		$	13,503

The Company does not own any real property. In February 2020, the Company entered into a lease agreement with a related party for $163 per month, for an eleven-month term. Three parties related to the Company have signed storage service contracts for $136 per month each. The Company has adopted ASC 842, Leases, on September 1, 2019 and elected to follow practical expedient for short term leases, which allows to not recognize lease liability and right of use asset on leases shorter than 12 months.

7.The ~~IMPACT~~Company OFhas ~~COVID-19~~received $15,170 from related party (Note 6).

In6. ~~March~~RELATED ~~2020,~~PARTY ~~the~~NOTES ~~outbreak of COVID-19 (coronavirus) caused by a novel strain of the coronavirus was recognized as a pandemic by the World Health Organization~~PAYABLE, ~~and~~NET ~~the~~OF ~~outbreak has become increasingly widespread in India, including in each of the areas in which the Company operates.~~ DISCOUNT

As aof ~~result~~August 31, 2019, the Company received advances of $15,170 from a related party. These advances are unsecured with no interest. The Company entered into a formal promissory note for the ~~global~~advanced ~~spread~~amount as of ~~COVID-19~~April ~~beginning~~1, in2019, ~~early~~with ~~March~~a maturity date of December 31, 2021 with no stated interest rate. The computed discounted present value of the ~~Company~~note ~~began~~payable toat ~~experience~~issuance, ~~general~~based ~~business~~on ~~disruptions~~a ~~that~~5% ~~impeded~~imputed ~~normal~~interest ~~business~~rate, ~~activity~~was ~~including~~$13,225 ~~its~~with ~~ability~~$1,945 torecognized ~~provide~~as ~~storage~~a ~~area~~debt ~~access~~discount, to be amortized over the ~~Company~~life ~~premises~~of isthe ~~under~~note ~~lock-down~~using effective interest method. The amortization of the discount for three months ended November 30,~~delivery~~ 2020 was $178. For three months ended November 30, 2019 amortization of ~~face-to-face~~discount ~~interaction~~was ~~nor~~$170. ~~able~~Discount toamortization ~~seek~~is ~~new~~reported ~~clients~~as interest expense.

8. SUBSEQUENT EVENTS

	November 30, 2020			August 31, 2020

Principal amount of notes payable	$	15,170		$	15,170
Less: unamortized discount		(798	)		(976	)
Notes payable less unamortized discount	$	14,372		$	14,194

~~Management has evaluated subsequent events through to the date these unaudited condensed consolidated financial statements were issued~~7. ~~Based~~COMMITMENT onAND ~~their evaluation, no material events have occurred that require disclosure.~~CONTIGENCIES

9Litigation

From time to time, the Company may become involved in litigation or claims arising out of its operations in the normal course of business. At the current time, the Company is not known to be a party to any legal proceedings that would be expected to have a materially adverse impact on its financial position, results of operations or cash flows.

Lease Commitments

The Company has signed a lease with a related party as discussed in Note 5 above.

Service Contracts

The Company signed storage service agreement with 3 related parties as discussed in Note 5 above.

8. SUBSEQUENT EVENTS

In December 2020, the lease agreement with a related party was extended to a month-to-month basis after the expiration of the original lease term with the same terms and conditions as contained in the lease agreement (Note 5).

Management has evaluated subsequent events through to the date these unaudited condensed consolidated financial statements were issued. Based on their evaluation, no material events have occurred that require disclosure.

Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations.

Forward Looking Statements

The information in this quarterly report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements involve risks and uncertainties, including statements regarding the Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined from time to time, in other reports we file with the Securities and Exchange Commission (the “SEC”). These factors may cause our actual results to differ materially from any forward-looking statement. We disclaim any obligation to publicly update these statements or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Overview

We have commenced our business operations by offering document and data storage services primarily to small and medium-sized businesses located in India. Our Company was incorporated on July 21, 2017 and we have taken steps to proceed with our intended business plan.

We focus on offering management services to companies that wish to store paper documents and related items and it is the simplest for us to accommodate. Our physical records management services will include records management programs that aid customers in their compliance with specific document storage regulatory requirements; implementation of programs that feature secure, cost-effective storage for all documents; and flexible retrieval access, retention management, and document destruction services.

We expect that our information protection and storage services will be broadly divided into two major service categories: records management, and data protection and recovery. We intend to offer both physical services and technology solutions in each of these categories. Media formats can be broadly divided into paper documents and electronic records that include various forms of magnetic media such as computer tapes, hard drives, and optical disks.

We provide a secure storage location and document indexing service to customers and provide storage boxes and related supplies in order to make handling records easier. We believe the issues encountered by customers trying to manage their electronic records are similar to the ones they face in their physical records management programs and consist primarily of: (1) storage capacity and the preservation of data; (2) access to and control over the data in a secure environment; and (3) the need to retain electronic records due to regulatory requirements.

Due to COVID-19 and lock-down in India, the Company’s ~~operation~~has iscurtained ~~suspended~~it ~~until~~operation ~~the~~and ~~Government~~is ofunable ~~India~~to ~~lifts~~seek ~~the~~new ~~lock-down~~clients and ~~businesses~~decreased ~~can~~it beoperating ~~conducted~~expenses.

During the period ended August 31, 2017, the Company issued 6,000,000 shares of common stock for total cash proceeds of $6,000 to the Company's director.

The Company became a reporting company on June 3, 2019 after we had filed a prospectus that relates to the offering of a total of 5,000,000 shares of our common stock on a self-underwritten basis at a fixed price of $0.01 per share. In October 2019, we completed the sale of 5,000,000 common shares at the price of a $0.01 per share for total proceeds of $50,000.

In September 2020, the Company re-purchased 800,000 common stock of the Company for $7,760 and returned these shares to the treasury.

There have been no material reclassifications, mergers, consolidations or purchases or sales of any significant amount of assets not in the ordinary course of business since the date of incorporation. The Company has never been party to any bankruptcy, receivership or similar proceeding, nor has it undergone any material reclassification, merger, consolidation, purchase or sale of a significant amount of assets not in the ordinary course of business.

Since inception, we have generated limited revenues and have incurred a cumulative net loss as reflected in the financial statements. We have minimal assets and have incurred losses since inception. Our limited start-up operations have consisted of the formation of our business plan and identification of our target market.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. There is substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the audited financial statements are issued.

Plan of Operation

About Our Company

We ~~were~~have ~~incorporated~~commenced onoperations, ~~July~~but 21in order to continue as a going concern, ~~2017~~the Company will need, ~~and~~among other things, additional capital resources. Management’s plan is to obtain such resources for the ~~nine~~Company ~~months~~by ~~ended~~obtaining ~~May~~capital ~~31,~~from ~~2020~~management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, wemanagement ~~have~~cannot ~~completed~~provide any assurances that the Company will be successful in accomplishing any of its plans. There is substantial doubt about the Company’s ability to continue as ~~follows:~~a going concern within one year after the date that the financial statements are issued.

~~a. Our organizational and planning activities b. During the period ended August 31~~Currently, ~~2017,~~our ~~the~~President ~~Company~~devotes ~~issued~~approximately ~~6,000,000~~5% ~~shares~~ of ~~common~~her ~~stock~~business ~~for~~time ~~total cash proceeds of $6,000~~ to the Company'’s ~~director~~operations. WeMs. ~~became~~Mulla ahas ~~reporting~~indicated ~~company~~that onshe ~~June~~is 3,willing ~~2019~~to ~~after~~spend wemore ~~had~~time ~~filed~~with ~~a prospectus that relates to~~ the ~~offering~~business ofas ait ~~total of 5~~grows,~~000,000~~ ~~shares~~and ofher ~~our~~services ~~common~~are ~~stock on a "self-underwritten" basis at a fixed price of $0~~needed.01 ~~per~~We ~~share.~~anticipate Inthat ~~October~~she ~~2019,~~will webe ~~completed~~required ~~the~~to ~~sale~~spend ofabout ~~5,000,000~~20 ~~common~~hours ~~shares at the price of~~ a ~~$0.01~~week ~~per~~on ~~share~~matters ~~for~~relating total proceeds of $50,000. c. In February 2020, we signed an eleven-month lease with a related party for our facilities for a total of $1,430 (108,000 Indian rupees) for the 11 months and we have an option to ~~extend by further eleven months. Our leased premises for~~ our ~~initial~~business ~~storage~~when operations ~~are located in the city of Margao in the state of Goa, India~~commence. ~~d. IN February 2020, we signed two storage service contracts (one with a related party) and an additional one on~~ Starting March 1, 2020. e.to ~~During~~November ~~the quarter ended May 31~~30, 2020, ~~the~~we ~~Company~~have ~~retained~~compensated ~~the services of a stock transfer agent~~Ms. f.Mulla ~~Due to COVID-19 and lock-down~~ in ~~India,~~ the ~~Company’s~~amount ~~operation is suspended until the Government~~ of ~~India~~Indian ~~lifts~~Rupees ~~the lock~~50,000/-~~down~~ ~~and~~(US ~~businesses can be conducted~~$681).

11Investors should be aware that there is substantial doubt as to our ability to continue as a going concern. This means that there is substantial doubt that we can continue as an on-going business for the next 12 months. This opinion is based on our suffering initial losses, having limited operations, and having limited working capital. Our only source for cash at this time is investments or loans by others in our Company. However, we do not have any written agreements in place for any investments or loans from third parties. We must raise cash to implement our projects and expand our operations. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

We plan to achieve the following specific business milestones in the 12 months:

	1.	We will continue to approach various organizations for services. We plan to retain two salespersons to directly market our services to potential customers. The pay rates for such employees would be negotiable and based on commission rates based on business generated. We anticipate that any wages would be paid from revenue that we earn and would not impact our use of proceeds. Based on our success in generating business, we would expand our sales force. As our business develops, Ms. Mulla’s role would transition from client consultant to a manager of all of our sales consultants. Initially, she would also operate our storage facility along with two to three paid part-time employees. We anticipate that the costs of retaining these employees will be approximately $1,500 in our initial year of operations.
	2.	We intend to apply to have our common stock quoted on OTC markets and have retained a market maker to sponsor our application. There is no guarantee that we will be successful in obtaining any quotation for our common stock.

Currently, our President devotes approximately 5% of her business time to the Company’s operations. Ms. Mulla has indicated that she is willing to spend more time with the business as it grows, and her services are needed. We anticipate that she will be required to spend about 20 hours a week on matters relating to our business when operations commence. Starting March 1, 2020, we will compensate Ms. Mulla in the amount of Indian Rupees 5,000/- per month (approximately US $66) for a period of nine months.

Investors should be aware that there is substantial doubt as to our ability to continue as a going concern. This means that there is substantial doubt that we can continue as an on-going business for the next 12 months. This opinion is based on our suffering initial losses, having limited operations, and having limited working capital. Besides our limited revenue presently, our only other source for cash is sale of our shares or loans by others in our Company. However, we do not have any written agreements in place for any investments or loans from third parties. We must raise cash to implement our projects and expand our operations. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

Since we became a reporting company, we are responsible for filing various forms with the United States Securities and Exchange Commission (the “SEC”) such as Form 10-K and Form 10-Qs. The shareholders may read and copy any material filed by us with the SEC at the SEC’s Public Reference Room at 100 F Street N.W., Washington, DC, 20549. The shareholders may obtain information on the operations of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information which we have filed electronically with the SEC by assessing the website at the following address: http://www.sec.gov.

Results of Operations

We commenced earning revenue on February 15, 2020 and hope to increase revenue that we generate from operations, but there is no assurance that our revenue will increase significantly. ~~Since inception, we sold 11,000,000 shares of common stock total proceeds of $56,000.~~

For the three months ended ~~May~~November 3130, 2020, we earned $1,~~320~~220 in gross revenue. We incurred total operating expenses in the amount of $35,~~216~~623, comprised of professional fees totaling $14,~~750~~500, rent expense totaling $~~477~~488, transfer agent fees totaling $~~789~~300, ~~and administration~~ fee payment to the Company CEO totaling $~~200~~271 and general and administration charges totaling $64.

1211

For the three months ended ~~May~~November 3130, 2019, we have incurred total operating expenses in the amount of $37,~~246~~971, comprised of professional fees totaling $16,~~750~~737 and ~~filing~~general ~~fees~~and ~~for~~administration ~~the~~charges ~~registration~~totaling ~~statement and related costs~~$1,029.

For the nine months ended May 31, 2020, we earned $1,739 in gross revenue. We incurred total operating expenses in the amount of $21,634, comprised of professional fees totaling $11,488, rent expense totaling $477, transfer agent set-up fees and filing fees totaling $7,794 administration, fee payment to the Company CEO totaling $200 and general and administration charges totaling $1,675.

For the nine months ended May 31, 2019, we have incurred total operating expenses in the amount of $7,812, comprised of professional fees totaling $6,250 and filing fees for the registration statement and related costs.

We have not incurred any expenses for research and development since inception. As a result of operating losses, there has been no provision for the payment of income taxes from the date of inception.

Liquidity and Capital Resources

AsOur ofcash ~~May~~balance 31at November 30, 2020, wewas ~~had~~$17,053 aand ~~cash~~$5,921 ~~balance~~in ofcurrent ~~$27,850~~liabilities.

We ~~have~~believe ~~raised~~we ~~$50,000,~~have tosufficient ~~complete~~current ~~our~~cash ~~plan~~through ofcash ~~operation~~on ~~for~~hand ~~the next 12 months~~ and wefrom ~~believe~~operations ~~we have sufficient current cash~~ to cover our expenses for filing required quarterly and annual reports with the Securities and Exchange Commission and fund our plan of limited operation. We anticipate our costs of being a reporting company to be approximately $16,000 for the next twelve months in connection with our public filings that will have to be made with the SEC on a quarterly basis. If needed, we may get additional funding from advances from related parties and/or from equity financing from the sale of our common stock. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our plan of operation. In the absence of such financing, our business will fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue our plan of operation for the next 12 months and our business will fail.

~~Due~~There is limited historical financial information about us upon which to base an evaluation of our ~~lack~~performance. We are in start-up stage of ~~operating~~operations. ~~history~~We ~~and~~cannot ~~the~~guarantee ~~need~~we will be successful in our business operations. Our business is subject to ~~generate~~risks ~~significant~~inherent ~~revenues,~~in ~~there~~the ~~currently~~establishment ~~exists~~of a ~~substantial~~new ~~doubt~~business ~~about~~enterprise, ~~our~~including ~~ability~~limited capital resources and possible cost overruns due to ~~continue~~price asand acost ~~going~~increases ~~concern.~~in services and products.

The detailed analysis of the risk factors is disclosed our Company’s registration statement Form S-1 as filed with the Securities and Exchange Commission.

Future Financings

At our present, we do not anticipate that we will require additional financing immediately in order to enable us to proceed with our plan of operations.

If we require additional financing, there can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will not be able to meet our other obligations as they become due. We are pursuing various alternatives to meet our immediate and long-term financial requirements.

We anticipate continuing to rely on equity sales of our common stock in order to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of equity securities or arrange for debt or other financing to fund our planned business activities.

There is substantial doubt that we can continue as an on-going business for the next twelve months unless we generate sufficient revenues. There is no assurance we will ever reach that point. In the meantime, the continuation of the Company may be dependent upon the continued financial support from our shareholders, our ability to obtain necessary equity financing to continue operations and the attainment of profitable operations.

~~Our~~The ~~operations~~detailed ~~and~~analysis ~~financial~~of ~~results~~the ~~are~~risk ~~subject~~factors tois ~~various~~disclosed ~~risks~~our ~~and~~Company’s ~~uncertainties~~registration ~~that~~statement ~~could~~Form ~~adversely~~S-1 ~~affect~~as ~~our~~filed ~~business,~~with ~~financial~~the ~~condition~~Securities and ~~results~~Exchange ~~of operations~~Commission.

IMPACT OF COVID-19

In March 2020, the outbreak of COVID-19 (coronavirus) caused by a novel strain of the coronavirus was recognized as a pandemic by the World Health Organization, and the outbreak has become increasingly widespread in India, including in each of the areas in which the Company operates.

As a result of the global spread of COVID-19 beginning in early March, we have begun to experience general business disruptions that impeded normal business activity including our ability to provide storage area access as our premises is under lock-down, we cannot deliver on face-to-face interaction nor able to seek new clients.

Our Company has been following the recommendations of local health authorities to minimize exposure risk for the past several weeks, including the temporary closures of the office. Our Company continues to monitor the impact of the COVID-19 (coronavirus) outbreak closely. The extent to which the COVID-19 (coronavirus) outbreak will continue to impact our operations, ability to obtain financing or future financial results is uncertain.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.

Item 3. Qualitative and Quantitative Disclosure about Market Risks

AsThis aitem ~~“smaller~~is ~~reporting~~not ~~company,”~~applicable as we are ~~not~~currently ~~required~~considered toa ~~provide~~smaller ~~the~~reporting ~~information required by Item 3~~company.

Item 4. Controls and Procedures.

Disclosure controls and procedures

Evaluation of Disclosure Controls and Procedures

Our Principal Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report, have concluded that, as of ~~May~~November 3130, 2020, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of ~~May~~November 3130, 2020, our disclosure controls and procedures were not effective: (i) lack of a functioning audit committee, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties consistent with control objectives; and (iii) ineffective controls over period end financial disclosure and reporting processes.

Our disclosure controls and procedures were not effective as of November 30, 2020 due to the material weaknesses as disclosed in the Company’s Annual Report on Form 10-K filed with the SEC.

Controls and Procedures over Financial Reporting

There were no changes in our internal control over financial reporting during the quarter ended ~~May~~November 3130, 2020, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

1413

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

~~Legal~~We ~~Proceedings~~know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

The Company currently is not a party to any legal proceedings and, to the Company’s knowledge; no such proceedings are threatened or contemplated.

Item 1A. Risk Factors

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Default Upon Senior Securities:

None.

Item 4. Mine Safety Disclosures:

None.

Item 5. Other Information:

None.

1514

Item 6. Exhibits ~~and Reports on Form 8-K.~~

a. Exhibits

Exhibit Number		Description of Exhibit
31.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C.§ 1350, as adopted pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.

101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document

Exhibit Number		Description of Exhibit
31.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C.§ 1350, as adopted pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.
101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document

16SIGNATURES

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

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

	YUMBA RECORDS STORAGE, INC.

Date: January 14, 2021	By:	/s/ Chasma Mulla
		Chasma Mulla
		Chief Executive Officer

	YUMBA RECORDS STORAGE, INC.
Date: August 6, 2020	By:	/s/ Chasma Mulla
Date: January 14, 2021	By:	/s/ Chasma Mulla
		Chasma Mulla
		Chief Executive Officer
		Chief Financial Officer and Director

	YUMBA RECORDS STORAGE, INC.
Date: August 6, 2020
	By:	/s/ Chasma Mulla
		Chasma Mulla
		Chief Financial Officer and Director

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