Limitless Projects Inc.

What they do

Incorporated in Wyoming on November 18, 2020, the company develops computer software systems and mobile device applications for commercial and consumer use. It retains independent software and application developers to build products to specifications outlined by president Daniel Okelo, who develops the product concepts. Its only identified product effort is "Privacy and Value," employee monitoring software intended to balance employer productivity concerns with employee privacy. The company plans to sell the product to third parties who will handle sales and marketing rather than selling directly itself.

Revenue drivers

• Privacy and Value employee monitoring software — The company's only identified product line; it has generated $0 in subscription revenue, including $0 for the fiscal year ended July 31, 2025.
• Third-party reseller model — Stated intent is to sell the software to third parties who then sell to end customers, rather than the company undertaking sales and marketing itself.
• Historical revenue — Annual revenue was $20,067 in 2021 and $1,328 in 2022, then $0 in 2023, 2024 and 2025.

Recent performance

Revenue was $0 in each of the fiscal years 2023, 2024 and 2025, and $0 in each of the four most recent quarters reported (2025-07-31, 2025-10-31, 2026-01-31, 2026-04-30). The fiscal year ended July 31, 2025 produced a consolidated net loss of $68,765, consisting entirely of impairment, general and administrative expenses. Operating cash flow was negative $44,712 in 2025, versus negative $53,993 in 2024 and negative $70,259 in 2023. At April 30, 2026, total assets were $157,601, total liabilities were $572,103, shareholders' equity was negative $414,502, and cash and equivalents were $0. Diluted EPS is reported as $0 for 2022 through 2025.

Strategy

The company's stated plan is to complete, test, market and sell the "Privacy and Value" software, retaining all intellectual property rights unless it later sells them. Management entered an Asset Purchase and Joint Venture Agreement dated March 15, 2021, as amended, with Cyber Apps World, Inc. Under it, Cyber Apps agreed to buy a 50% interest in the software, paying $10,000 on execution, with the balance based on an independent valuation, and the parties would form a single-purpose joint venture overseen by a management committee. The company has retained a market maker to apply for trading on OTC Markets, but approval by FINRA is not guaranteed. It has not paid dividends and has no current plans to do so.

Risks

• Going-concern doubt — The company has not attained profitable operations and its auditors believe there is substantial doubt about its ability to continue as a going concern.
• No revenue — Revenue was $0 in fiscal 2023, 2024 and 2025 and $0 in the four most recent quarters, so the company has no demonstrated commercial traction.
• Negative equity and no cash — At April 30, 2026, shareholders' equity was negative $414,502, total liabilities of $572,103 exceeded total assets of $157,601, and cash and equivalents were $0.
• No trading market — The shares do not trade on any recognized exchange or quotation system, and the OTC Markets application may not be approved by FINRA.

Outlook

Management states the company is dependent on obtaining financing to complete its proposed business plan, and the 10-K includes a going-concern qualification from its auditors. The stated plan remains to complete, test, market and sell the "Privacy and Value" software, partly through the proposed joint venture with Cyber Apps World, Inc. No revenue guidance or timeline is provided in the excerpts.