UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended ~~April~~July 3031, 2021

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

	For the transition period from ______________ to ______________

Commission File Number 333-217387

CICLET HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada		N/A
(State or other jurisdictionof incorporation or organization)		(IRS EmployerIdentification No.)
B11 L12 Woodpecker Street Bougainvillea Village Agus LapulapuCity, Philippines 66015 CEBU
B11 L12 Woodpecker Street Bougainvillea Village Agus Lapulapu City, Philippines 66015 CEBU
(Address of principal executive offices)		(Zip Code)

+ 639054201506

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: OTC Pink Sheet, Common Stock, 175,000,000 authorized, $0.00001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark 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 is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

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. ☐

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN ~~BANKRUPTCY~~BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARS

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. ☐ YES ☐ NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

15,851,001 common shares issued and outstanding as of ~~November~~December 23, 2021

FORM 10-Q

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1110
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	1312
Item 4.	Controls and Procedures	1312
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	1413
Item 1A.	Risk Factors	1413
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1413
Item 3.	Defaults Upon Senior Securities	1413
Item 4.	Mine Safety Disclosures	1413
Item 5.	Other Information	1413
Item 6.	Exhibits	14
SIGNATURES		15

2 Table of Contents

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited condensed interim financial statements for the ~~three~~six-month period ended ~~April~~July 3031, 2021 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

CICLET HOLDINGS INC.

BALANCE SHEETS

(UNAUDITED)

	April 30, 2021			January 31, 2021
	July 31, 2021			January 31, 2021
ASSETS
Current Assets
Cash	$	3,~~752~~642		$	3,767
Total Current Assets		3,~~752~~642			3,767
TOTAL ASSETS	$	3,~~752~~642		$	3,767
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	4752,~~600~~276		$	59,201
Due to related party		17,497			2,097
Total Current Liabilities		6569,~~097~~773			61,298
Total Liabilities		6569,~~097~~773			61,298
STOCKHOLDERS’ DEFICIT
STOCKHOLDERS’DEFICIT
Common Stock:175,000,000 shares authorized; 15,851,001 shares issued and outstanding with par value of $0.00001		159			159
Additional paid-in capital		54,948			54,948
Accumulated deficit		(~~116~~121,~~452~~238	)		(112,638	)
Total Stockholders’ Deficit		(6166,~~345~~131	)		(57,531	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	3,~~752~~642		$	3,767

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

Table of Contents

CICLET HOLDINGS INC.

STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

	Three Months Ended						Six Months Ended
	April 30,
	July 31,						July 31,
	2021			2020			2021			2020
OPERATING EXPENSES
Professional fees	$	34,~~750~~675		$	48,~~251~~250		$	8,425		$	12,501
Total Operating Expenses		34,~~750~~675			48,~~251~~250			8,425			12,501
OTHER INCOME (EXPENSE)
Foreign exchange transaction gain (loss)		(15111	)		~~128~~408			(126	)		536
Interest income		1-			65			1			11
Interest expense		~~(50~~-	)		-(150	)		(50	)		(150	)
Total Other Income (Expense)		(64111	)		~~134~~263			(175	)		397
NET LOSS AND COMPREHENSIVE LOSS	$	(34,~~814~~786	)	$	(47,~~117~~987	)	$	(8,600	)	$	(12,104	)
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and diluted weighted average number of common shares outstanding		15,851,001			15,851,001			15,851,001			15,851,001

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

Table of Contents

CICLET HOLDINGS INC.

STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE ~~THREE~~SIX MONTHS ENDED ~~APRIL~~JULY 3031, 2021 AND 2020

(UNAUDITED)

										Total
					Additional					Total
	Common Stock				~~Additional~~Paid-in		Accumulated			Stockholders’
	Number of Shares		Amount		~~Paid-in~~ Capital		~~AccumulatedDeficit~~Deficit			~~Equity (~~Deficit)
Balance - January 31, 2021		15,851,001	$	159	$	54,948	$	(112,638	)	$	(57,531	)
Net loss		-		-		-		(3,814	)		(3,814	)
Balance - April 30, 2021		15,851,001	$	159	$	54,948	$	(116,452	)	$	(61,345	)
Net loss		-		-		-		(4,786	)		(4,786	)
Balance - July 31, 2021		15,851,001	$	159	$	54,948	$	(121,238	)	$	(66,131	)

	Common Stock				Additional					Total
					Additional					Total
	Number of Shares		Amount		Paid-in Capital		AccumulatedDeficit			Stockholders’ Deficit
	Common Stock				Paid-in		Accumulated			Stockholders’
	Number of Shares		Amount		Capital		Deficit			Deficit
Balance - January 31, 2020		15,851,001	$	159	$	54,948	$	(92,958	)	$	(37,851	)
Net loss		-		-		-		(4,117	)		(4,117	)
Balance - April 30, 2020		15,851,001	$	159	$	54,948	$	(97,075	)	$	(41,968	)
Net loss		-		-		-		(7,987	)		(7,987	)
Balance - July 31, 2020		15,851,001	$	159	$	54,948	$	(105,062	)	$	(49,955	)

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

Table of Contents

CICLET HOLDINGS INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Three Months Ended
	Six Months Ended
	April 30,
	July 31,
	2021			2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(38,~~814~~600	)	$	(412,~~117~~104	)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		(116,~~601~~925	)		412,~~251~~501
Net cash provided by (used in) operating activities		(15,~~415~~525	)		~~134~~397
CASH FLOWS FROM FINANCING ACTIVITIES
Advance from related party		15,400			-
Net cash provided by financing activities		15,400			-
Repayment to related party		-			(1,003	)
Net changes in cash and cash equivalents		(15	)		134
Net cash provided by (used in) financing activities		15,400			(1,003	)
Net changes in cash and cash equivalents		(125	)		(606	)
Cash and cash equivalents - beginning of period		3,767			14,333
Cash and cash equivalents - end of period	$	3,~~752~~642		$	1413,~~467~~727
Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

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

Table of Contents

CICLET HOLDINGS INC.

NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS

FOR THE ~~THREE~~SIX MONTHS ENDED ~~APRIL~~JULY 3031, 2021

NOTE 1 – NATURE OF BUSINESS

Ciclet Holdings Inc. (the “Company”) is a start-up company with a primary focus on developing software applications for location-based service (LBS) that uses location data to control features. The Company was incorporated in the State of Nevada on June 30, 2016. The Company’s operational office is in the Philippines.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim financial statements are condensed and have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the ~~three~~six months ended ~~April~~July 3031, 2021 are not necessarily indicative of the results that may be expected for the year ending January 31, 2022. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2021 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended January 31, 2021 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on October 21, 2021.

Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.

Cash

Cash comprises cash balances, cash on current accounts with banks, and bank deposits. As of ~~April~~July 3031, 2021 and January 31, 2021, the Company has $3,~~752~~642 and $3,767, respectively, in cash. The cash accounts are held in Philippine Pesos, and foreign exchange transaction gain (loss) resulting from fluctuations in the currency exchange rate between U.S. dollar and Philippine Pesos has been recorded in the statements of operations. Translation gain (loss) is reported as a component of other accumulated comprehensive income, which was nil during the periods presented.

Related Parties

The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions (see Note 5).

7Basic ~~Table~~and ofDiluted ~~Contents~~Income (Loss) Per Share

~~Basic~~The Company computes income (loss) per share in accordance with FASB ASC 260, “Earnings per Share,” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted ~~Income~~income (~~Loss~~loss) ~~Per~~per ~~Share~~share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

~~The~~No ~~Company~~potentially ~~computes~~dilutive ~~income~~debt ~~(loss)~~or ~~per~~equity ~~share~~instruments inwere ~~accordance~~issued ~~with~~or FASB ASC 260, “Earnings per Share,” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding ~~common shares~~ during the ~~period.~~periods ~~Diluted~~ended ~~income~~July ~~(loss)~~31, ~~per~~2021 ~~share~~and ~~gives~~July ~~effect~~31, ~~to all dilutive potential common shares outstanding during the period~~2020. ~~Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.~~

No7 ~~potentially~~Table ~~dilutive~~of ~~debt or equity instruments were issued or outstanding during the periods ended April 30, 2021 and April 30, 2020.~~Contents

Software Developed for Internal Use

In accordance with ASC 350-40 “Internal Use Software”, costs incurred during the preliminary project stage and post-implementation and operation stage should be expensed; whereas, costs incurred during the application development stage can be capitalized or expensed depends on the cost nature. The costs that should be capitalized during the application development stage include external direct cost of materials and services consumed in developing internal use computer software, payroll-related costs and interest costs while developing internal-use computer software. The costs that are expensed as incurred during the application development stage include training costs, data conversion costs and general and administrative costs and overhead costs. No software development costs for internal use have been incurred up to July 31, 2021.

InFinancial accordance with FSB ASC 350-40 “Software develop for internal use”, cost incurred during the preliminary project stage and post-implementation and operation stage should be expensed; whereas, costs incurred during the application development stage can be capitalized or expensed depends on the cost nature. The cost that should be capitalized during the application development stage include external direct cost of materials and services consumed in developing internal use computer software, payroll-related costs and interest costs while developing internal-use computer software. The cost that are expensed as incurred during the application development stage include training costs, data conversion costs and general and administrative costs and overhead costs. No software development costs for internal use have been incurred up to April 30, 2021.Instruments

~~Financial~~The ~~Instruments~~Company’s financial instruments consist of cash, accounts payable and accrued liabilities and due to shareholder. The carrying amount of such approximate their fair value due to the short maturity of the instrument.

~~The~~Fair ~~Company’s~~Value financial instruments consist of cash, accounts payable and accrued liabilities and due to shareholder. The carrying amount of such approximate their fair value due to the short maturity of the instrument.Measurement

ASC Topic 820, “Fair Value ~~Measurement~~Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows: Level 1 - inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. Level 2 – to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.

~~ASC~~Revenue Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows: Level 1 - inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. Level 2 – to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.Recognition

The Company recognizes revenue from its contracts with customers in accordance with ASC 606 – Revenue ~~Recognition~~from Contracts with Customers. The Company recognizes revenues when satisfying the performance obligation of the associated contract that reflects the consideration expected to be received based on the terms of the contract.

~~The~~Revenue ~~Company~~related ~~recognizes~~to ~~revenue from its~~ contracts with customers inis ~~accordance~~evaluated ~~with~~utilizing ~~ASC~~the ~~606~~following –steps: ~~Revenue~~(i) ~~from~~Identify ~~Contracts~~the ~~with~~contract, ~~Customers.~~or ~~The~~contracts, ~~Company~~with ~~recognizes~~a ~~revenues~~customer; ~~when~~(ii) ~~satisfying~~Identify the performance ~~obligation~~obligations ofin the ~~associated~~ contract; ~~that~~(iii) ~~reflects~~Determine the ~~consideration~~transaction ~~expected~~price; to(iv) beAllocate ~~received~~the ~~based~~transaction onprice to the ~~terms~~performance ofobligations in the contract; (v) Recognize revenue when the Company satisfies a performance obligation.

~~Revenue~~The ~~related~~Company tohas ~~contracts~~not ~~with~~recognized ~~customers~~any is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize revenue ~~when~~since ~~the~~its ~~Company satisfies a performance obligation~~inception.

~~The~~Recent ~~Company~~Accounting ~~has not recognized any revenue since its inception.~~Pronouncements

8In ~~Table~~December of2019, ~~Contents~~the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective February 1, 2021 and there was no material impact on the Company’s financial statements.

~~Recent~~In August 2018, the FASB issued ASU No. 2018-15, Internal-Use Software (Subtopic 350-40)—Customer’s Accounting ~~Pronouncements~~for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”). ASU 2018-15 is effective for reporting periods beginning after December 15, 2019 and early adoption is permitted. ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license), by requiring a customer in a cloud computing arrangement that is a service contract to capitalize certain implementation costs as if the arrangement was an internal-use software project. The impact of this new standard on the Company’s financial statements is not material.

In8 ~~December~~Table ~~2019,~~of the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. We adopted the new standard effective February 1, 2021 and there was no material impact on the Company’s financial statements.Contents

InManagement ~~August~~has ~~2018,~~considered ~~the~~all ~~FASB~~recent ~~issued~~accounting ~~ASU~~pronouncements Noissued. ~~2018-15,~~The ~~Internal-Use Software (Subtopic 350-40)—Customer~~Company’s ~~Accounting~~management ~~for~~believes Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (“ASU 2018-15”). ASU 2018-15 is effective for reporting periods beginning after December 15, 2019 and early adoption is permitted. ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that isthese arecent ~~service~~pronouncements ~~contract~~will ~~with~~not ~~the~~have ~~requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license), by requiring~~ a ~~customer~~material ineffect ~~a cloud computing arrangement that is a service contract to capitalize certain implementation costs as if the arrangement was an internal-use software project. The impact of this new standard~~ on the Company’s financial statements ~~is not material~~.

~~Management~~NOTE ~~has~~3 ~~considered~~– ~~all~~GOING ~~recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.~~CONCERN

~~NOTE~~These 3financial –statements ~~GOING~~have ~~CONCERN~~been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. During the six months ended July 31, 2021, the Company incurred a net loss of $8,600. As of July 31, 2021, the Company had an accumulated deficit of $121,238. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholder, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited interim 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.

~~These~~NOTE ~~financial~~4 ~~statements~~– ~~have~~COMMON been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. During the three months ended April 30, 2021, the Company incurred a net loss of $3,814. As of April 30, 2021, the Company had an accumulated deficit of $116,452. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholder, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These unaudited interim 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.STOCK

9The ~~Table~~Company’s authorized common stock consists of ~~Contents~~175,000,000 shares with par value of $0.00001.

~~NOTE~~As 4of –July ~~COMMON~~31, ~~STOCK~~2021 and January 31, 2021, the Company’s common stock issued and outstanding was 15,851,001 shares.

~~The~~NOTE ~~Company’s~~5 ~~authorized~~– ~~common~~RELATED ~~stock~~PARTY ~~consists of 175,000,000 shares with par value of $0.00001.~~TRANSACTIONS

AsThe ofamount ~~April~~due ~~30,~~to ~~2021~~related ~~and~~party ~~January~~consists ~~31,~~of ~~2021,~~advances from the Company’s ~~common~~director. ~~stock~~The ~~issued~~amounts ~~and~~are ~~outstanding~~non-interest ~~was 15~~bearing,~~851,001~~ ~~shares~~have no set repayment terms and are not secured.

~~NOTE~~During 5the –six ~~RELATED~~months ~~PARTY~~ended ~~TRANSACTIONS~~July 31, 2021 and 2020, the director of the Company advanced $15,400 and $0 to the Company, respectively. During the six months ended July 31, 2021 and 2020, the Company repaid to the director $0 and $1,003, respectively.

~~The~~As ~~amount~~of ~~due~~July to31, ~~related~~2021 ~~party~~and ~~consists~~January of31, ~~advances~~2021, ~~from~~ the ~~Company’s~~amount ~~director.~~owing ~~The~~to ~~amounts~~the ~~are~~related ~~non-interest~~party ~~bearing~~was $17,497 ~~have no set repayment terms~~ and ~~are~~$2,097, ~~not secured~~respectively.

~~During~~NOTE ~~the~~6 ~~three~~– ~~months~~RISKS ~~ended~~AND ~~April 30, 2021 and 2020, the director of the Company advanced $15,400 and $0 to the Company, respectively.~~UNCERTAINTIES

AsIn early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (COVID-19) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of ~~April~~the ~~30,~~virus. ~~2021~~The Company considered the impact of COVID-19 on the assumptions and ~~January~~estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at July 31, 2021,. The full extent of the ~~amount~~future ~~owing~~impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future. The Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or a revision of the ~~related~~carrying ~~party~~value ~~was~~of ~~$17~~its assets or liabilities as of the date of issuance of these financial statements. These estimates may change,~~497~~ as new events occur and ~~$2,097,~~additional ~~respectively~~information is obtained.

NOTE 67 – ~~RISKS~~SUBSEQUENT ~~AND UNCERTAINTIES~~EVENTS

In ~~early~~accordance ~~2020,~~with ~~the~~ASC ~~World Health Organization declared the rapidly spreading coronavirus disease (COVID~~855-~~19)~~10, ~~outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat~~ the ~~spread of the virus. The~~ Company ~~considered~~has ~~the~~analyzed ~~impact~~its ~~of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of~~ operations ~~and~~subsequent ~~financial~~to ~~position~~July ~~at April 30~~31, 2021. ~~The~~to ~~full extent of~~ the ~~future~~date ~~impacts~~these offinancial ~~COVID-19~~statements onwere ~~the~~issued ~~Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results~~ and ~~business~~has ~~operations~~determined ofthat ~~the~~it ~~Company~~does ~~in the future. The Company is~~ not ~~aware of~~ have any ~~specific~~material ~~event~~subsequent orevents ~~circumstance that would require an update~~ to ~~its~~disclose ~~estimates~~in ~~or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of~~ these financial statements. ~~These estimates may change, as new events occur and additional information is obtained.~~

~~NOTE~~9 7Table –of ~~SUBSEQUENT EVENTS~~Contents

InItem ~~accordance~~2. ~~with~~Management’s ~~ASC~~Discussion ~~855-10,~~and ~~the~~Analysis ~~Company~~of ~~has~~Financial ~~analyzed~~Condition ~~its operations subsequent to April 30, 2021 to the date these financial statements were issued~~ and ~~has~~Results ~~determined~~of ~~that it does not have other material subsequent events to disclose in these financial statements.~~Operations

10FORWARD ~~Table~~LOOKING ~~of Contents~~STATEMENTS

~~Item~~This 2quarterly report contains forward-looking statements. ~~Management~~These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s ~~Discussion~~actual ~~and~~results, ~~Analysis~~levels of ~~Financial~~activity, ~~Condition~~performance ~~and~~or ~~Results~~achievements to be materially different from any future results, levels of ~~Operations~~activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

~~FORWARD~~Our ~~LOOKING~~unaudited ~~STATEMENTS~~financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

~~This~~As ~~quarterly~~used ~~report~~in ~~contains~~this ~~forward-looking~~quarterly ~~statements. These statements relate to future events or our future financial performance. In some cases~~report, ~~you~~the ~~can~~terms ~~identify forward-looking statements by terminology such as~~ “~~may~~we”, “~~should~~us”, “~~expects~~our”, ~~“plans”,~~and “~~anticipates”,~~our ~~“believes~~company”, ~~“estimates”,~~mean ~~“predicts”,~~Ciclet ~~“potential”~~Holdings ~~or “continue” or the negative of these terms or other comparable terminology~~Inc. ~~These statements are only predictions and involve known and unknown risks~~, ~~uncertainties~~unless ~~and~~otherwise other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statementsindicated. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

~~Our~~General unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.Overview

AsWe ~~used~~were inincorporated ~~this~~on ~~quarterly~~June ~~report~~30, 2016 under the ~~terms~~laws ~~“we”~~of the State of Nevada. Our registered statutory office is located at 723 S. Casino Centre Blvd., ~~“us”~~2nd Floor, ~~“our”~~Las ~~and~~Vegas, ~~“our~~Nevada, ~~company”~~89101-6716, ~~mean~~Tel: ~~Ciclet~~(702) ~~Holdings~~384-8727. ~~Inc~~Our fiscal year end is January 31., ~~unless~~The ~~otherwise~~Company’s ~~indicated~~operational office is in the Philippines.

~~General~~The ~~Overview~~primary goal for our company is to allow consumers to find reliable and professional local services by using the location data of a person’s location through the use of a device that sends out the location of the person via their smart phone or tablet. We are a company focused on creating service driven apps and services for Location-based services (LBS) which are a general class of computer program-level services that use location data of a person’s location to control features. Our first market will be in the Philippines.

We ~~were~~are ~~incorporated~~an onearly-stage ~~June~~company. 30To date, ~~2016~~our ~~under~~activities ~~the~~have ~~laws~~been oflimited to the ~~State~~sourcing of ~~Nevada.~~a ~~Our~~software ~~registered statutory office is located at 723 S. Casino Centre Blvd.~~developer, ~~2nd~~advertising ~~Floor~~channels, ~~Las~~initial ~~Vegas,~~branding ~~Nevada~~efforts, ~~89101-6716,~~and ~~Tel:~~in ~~(702)~~our ~~384-8727.~~formation ~~Our~~and ~~fiscal~~the ~~year~~raising ~~end~~of isequity ~~January 31~~capital. ~~The Company’s operational office is in the Philippines.~~

The primary goal for our company is to allow consumers to find reliable and professional local services by using the location data of a person’s location through the use of a device that sends out the location of the person via their smart phone or tablet. We ~~are~~do anot ~~company~~have ~~focused~~any on creating service driven apps and services for Location-based services (LBS) which are a general class of computer program-level services that use location data of a person’s location to control featuressubsidiaries. ~~Our first market will be in the Philippines.~~

We ~~are~~have annever ~~early-stage~~declared ~~company. To date~~bankruptcy, ~~our activities have~~ been ~~limited~~in ~~to the sourcing of a software developer~~receivership, ~~advertising~~or ~~channels,~~involved ~~initial branding efforts, and~~ in ~~our~~any ~~formation~~kind ~~and the raising~~ of ~~equity~~legal ~~capital~~proceeding.

WeResults doof ~~not have any subsidiaries.~~Operations

We have ~~never~~not ~~declared~~earned ~~bankruptcy,~~any ~~been~~revenues infrom ~~receivership,~~our orinception ~~involved~~through inJuly ~~any~~31, ~~kind of legal proceeding~~2021.

11Three ~~Table~~months ofended ~~Contents~~July 31, 2021 compared to the three months ended July 31, 2020

Results of Operations

	Three Months Ended
	July 31,
	2021			2020			Changes			%

Operating expenses
Professional fees	$	4,675		$	8,250		$	(3,575	)	(43		)%
Total operating expenses		4,675			8,250			(3,575	)	(43		)%
Other income (expenses)		(111	)		263			(374	)		(142	)%
Net Loss	$	(4,786	)	$	(7,987	)	$	3,201		40		%

We10 ~~have~~Table ~~not~~of ~~earned any revenues from our inception through April 30, 2021.~~Contents

~~Three~~During the three months ended ~~April~~July 3031, 2021, we had incurred a net loss of $4,786 compared to $7,987 for the three months ended ~~April~~July 3031, 2020. The decrease in net loss was due to a decrease in professional fees.

	Three Months Ended
	April 30,
	2021			2020			Changes			%
Operating expenses
Professional fees	$	3,750		$	4,251			(501	)	(12	%)
Operating expenses		3,750			4,251		$	(501	)	(12	%)
Other income (expenses)		(64	)		134			(198	)	(148	%)
Net Loss	$	(3,814	)	$	(4,117	)	$	303		(7	%)

Six months ended July 31, 2021 compared to the six months ended July 31, 2020

During the three months ended April 30, 2021, we had recognized a net loss of $3,814 compared to $4,117 for the three months ended April 30, 2020. The decrease in net loss was due to a minimal decrease in professional fees.

	Six Months Ended
	July 31,
	2021			2020			Changes			%

Operating expenses
Professional fees	$	8,425		$	12,501		$	(4,076	)	(33		)%
Operating expenses		8,425			12,501			(4,076	)	(33		)%
Other income (expenses)		(175	)		397			(572	)		(144	)%
Net Loss	$	(8,600	)	$	(12,104	)	$	3,504		29		%

~~Liquidity~~During ~~and~~the ~~Capital~~six ~~Resources~~months ended July 31, 2021, we had incurred a net loss of $8,600 compared to $12,104 for the six months ended July 31, 2020. The decrease in net loss was due to a decrease in professional fees.

	As of			As of
	April 30,			January 31,
	2021			2021			Changes			%
Current Assets	$	3,752		$	3,767		$	(15	)	(0		%)
Current Liabilities	$	65,097		$	61,298		$	3,799			6	%
Working Capital (Deficiency)	$	(61,345	)	$	(57,531	)	$	(3,814	)		7	%

Liquidity and Capital Resources

As of April 30, 2021 and January 31, 2021, our total assets were $3,752 and $3,767, respectively.

	As of			As of
	July 31,			January 31,
	2021			2021			Changes			%

Current Assets	$	3,642		$	3,767		$	(125	)	(3		)%
Current Liabilities	$	69,773		$	61,298		$	8,475			14	%
Working Capital (Deficiency)	$	(66,131	)	$	(57,531	)	$	(8,600	)		(15	)%

As of ~~April~~July 3031, 2021 and January 31, 2021, our total ~~liabilities~~assets were $653,~~097~~642 and $613,~~298~~767, respectively.

~~Stockholders’~~As ~~deficit~~of ~~was~~July ~~at $61~~31,~~345~~ as2021 ofand ~~April~~January 3031, 2021, ~~compared~~our tototal liabilities were $5769,~~531~~773 asand ~~of January 31~~$61,298, ~~2021~~respectively.

AsStockholders’ ofdeficit ~~April~~was ~~30,~~at ~~2021~~$66,131 weas ~~had a working capital deficiency~~ of ~~$61~~July 31,~~345~~ 2021 compared ~~with~~to $57,531 as of January 31, 2021. ~~The increase in working capital deficiency was primarily due to an increase in due to related party.~~

	Three Months Ended
	April 30,
	2021			2020		Changes			%
Cash flows provided by (used in) operating activities	$	(15,415	)	$	134	$	(15,549	)	(11,604		%)
Cash flows provided by financing activities		15,400			-		15,400			100	%
Net changes in cash	$	(15	)	$	134	$	(149	)	(111		%)

As of July 31, 2021, we had a working capital deficiency of $66,131 compared with $57,531 as of January 31, 2021. The increase in working capital deficiency was primarily due to an increase in due to related party.

12 Table of Contents

	Six Months Ended
	July 31,
	2021			2020			Changes			%

Cash flows provided by (used in) operating activities	$	(15,525	)	$	397		$	(15,922	)	(4011		%)
Cash flows provided by (used in) financing activities		15,400			(1,003	)		16,403			100	%
Net changes in cash	$	(125	)	$	(606	)	$	481		79		%

~~Cash~~11 ~~Flow~~Table ~~from~~of ~~Operating Activities~~Contents

~~For~~Cash ~~the~~Flow ~~three~~from ~~months~~Operating ~~ended April 30, 2021, net cash flows used in operating activities was $15,415 attributed to a net loss of $3,814, increased by a decrease in accounts payable and accrued liabilities of $11,601.~~Activities

For the ~~three~~six months ended ~~April~~July 3031, ~~2020~~2021, net cash flows ~~provided~~used byin operating activities was $~~134~~15,525 attributed to a net loss of $48,~~117~~600, ~~decreased~~increased by ana ~~increase~~decrease in accounts payable and accrued liabilities of $46,~~251~~925.

~~Cash~~For ~~Flow~~the ~~from~~six ~~Financing~~months ~~Activities~~ended July 31, 2020, net cash flows provided by operating activities was $397 attributed to a net loss of $12,104, decreased by an increase in accounts payable and accrued liabilities of $12,501.

~~For~~Cash ~~the~~Flow ~~three months ended April 30, 2021, net cash used in financing activities was $15,400~~ from ~~advances~~Financing ~~from the director of the Company.~~Activities

For the ~~three~~six months ended ~~April~~July 3031, ~~2020~~2021, ~~the~~net ~~Company~~cash ~~did~~provided ~~not~~by ~~have any~~ financing activities was $15,400 from advances from the director of the Company.

~~Off-Balance~~For ~~Sheet~~the ~~Arrangements~~six months ended July 31, 2020, net cash used in financing activities was $1,003 from repayment to the director of the Company.

~~We do not have any off~~Off-~~balance~~Balance ~~sheet~~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 is material to an investor in our securities.Arrangements

~~Item~~We 3.do ~~Quantitative~~not ~~and~~have ~~Qualitative~~any ~~Disclosures~~off-balance ~~About~~sheet ~~Market~~arrangements ~~Risk~~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 is material to an investor in our securities.

AsItem a3. ~~“smaller~~Quantitative ~~reporting~~and ~~company”,~~Qualitative weDisclosures ~~are~~About ~~not~~Market ~~required to provide the information required by this Item.~~Risk

~~Item~~As 4.a ~~Controls~~“smaller ~~and~~reporting ~~Procedures~~company”, we are not required to provide the information required by this Item.

~~Disclosure~~Item 4. Controls and Procedures

~~Our~~Disclosure ~~management,~~Controls ~~with the participation of our Chief Executive Officer (our principal executive officer, principal financial officer~~ and principal accounting officer), has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a- 15(e) and 15d- 15(e) under the Securities Exchange Act of 1934, as amended (Exchange Act)), as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on such evaluation, our Chief Executive Officer has concluded that as of such date, our disclosure controls and procedures were not effective such that the information relating to us required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.Procedures

~~Changes~~Our management, with the participation of our Chief Executive Officer (our principal executive officer, principal financial officer and principal accounting officer), has evaluated the effectiveness of our disclosure controls and procedures (as defined in ~~Internal~~Rules ~~Control~~13a- ~~Over~~15(e) ~~Financial~~and ~~Reporting~~15d- 15(e) under the Securities Exchange Act of 1934, as amended (Exchange Act)), as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on such evaluation, our Chief Executive Officer has concluded that as of such date, our disclosure controls and procedures were not effective such that the information relating to us required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

~~During~~Changes ~~the period covered by this report there were no changes~~ in ~~our~~Internal ~~internal~~Control ~~control~~Over ~~over~~Financial ~~financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.~~Reporting

13During ~~Table~~the ofperiod ~~Contents~~covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~PART~~12 IITable -of ~~OTHER INFORMATION~~Contents

~~Item~~PART 1.II ~~Legal~~- ~~Proceedings~~OTHER INFORMATION

~~Management~~Item ~~is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties~~1. AsLegal 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.Proceedings

~~Item~~Management 1Ais not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. ~~Risk~~As ~~Factors~~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.

AsItem a1A. ~~“smaller~~Risk ~~reporting company”, we are not required to provide the information required by this Item.~~Factors

~~Item~~As 2.a ~~Unregistered~~“smaller ~~Sales~~reporting ofcompany”, ~~Equity~~we ~~Securities~~are ~~and~~not ~~Use~~required ofto ~~Proceeds~~provide the information required by this Item.

~~None~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~Item 3~~None. ~~Defaults Upon Senior Securities~~

~~None~~Item 3. Defaults Upon Senior Securities

~~Item 4~~None. ~~Mine Safety Disclosures~~

~~Not~~Item ~~applicable~~4. Mine Safety Disclosures

~~Item~~Not 5applicable. ~~Other Information~~

~~None~~Item 5. Other Information

~~Item 6~~None. ~~Exhibits~~

ExhibitNumber		Description
(31)		Rule 13a-14 (d)/15d-14d) Certifications
31.1*		Section 302 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)		Section 1350 Certifications
32.1**		Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*		Interactive Data File
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

Table of Contents

~~_____________~~Item 6. Exhibits

* Filed herewith.

Exhibit Number		Description
(31)		Rule 13a-14 (d)/15d-14d) Certifications
31.1*		Section 302 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)		Section 1350 Certifications
32.1**		Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*		Interactive Data File
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

** XBRL Information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections._____________

14* ~~Table~~Filed ~~of Contents~~herewith.

~~SIGNATURES~~** XBRL Information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

~~Pursuant~~14 toTable ~~the requirements~~ of ~~Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~Contents

		CICLET HOLDINGS INC.
		(Registrant)
Dated: November 29, 2021	By:	/s/ Eugenio L. Jumawan Jr.
		Eugenio L. Jumawan Jr.
		President, Secretary, Treasurer and Director
		(Principal Executive Officer,Principal Financial Officer andPrincipal Accounting Officer)

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CICLET HOLDINGS INC.
		(Registrant)

Dated: December 23, 2021	By:	/s/ Eugenio L. Jumawan Jr.
		Eugenio L. Jumawan Jr.
		President, Secretary, Treasurer and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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