Document no ADA/IFRS/ABATHWA-/GUEST/YD2080 · origin APID GUEST · verification YD2080PFFB · sign in to sign and archive
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Abathwa Development Association
Abathwa Engineering
849 Mawabeni, Zimbabwe · admin@abathwa.com · 0789989619 · www.abathwa.com
Operational, Financial & Equity-in-Waiting Status — Abathwa Engineering
Reporting period: 1 January 2026 – 7 September 2026 · Issued 7 September 2026
Deliver compliant electrical installations, industrial control systems and energy solutions to commercial, industrial and community clients.
During the period, 1 receipt totalling $1,000 were recorded against 0 payments totalling $0, leaving a movement of $1,000. Capital mobilised to date stands at $1,000.
Equity-in-waiting is a notional, record-keeping measure of each member’s proportional capital contribution — cash and in-kind treated identically. It does not represent vested ownership and converts to formal equity only on the triggers defined in the SAFE agreement.
| # | Member | Cash | In-kind | Total | Equity-in-waiting |
|---|---|---|---|---|---|
| 1 | Vusa Ncube | $1,000 | — | $1,000 | 100.00% |
| Totals | $1,000 | $0 | $1,000 | 100.00% | |
Receipts
Payments
Nothing recorded in this period.
Income
None recorded.
Expenses
None recorded.
Assets
Liabilities
None recorded.
Equity
| Code | Account | Debit | Credit |
|---|---|---|---|
| 1010 | Bank — pooled capital account | $1,000 | — |
| 3010 | Member capital — cash | — | $1,000 |
| Totals | $1,000 | $1,000 | |
Prepared under IFRS from 1 posted journal entry in the period. Back to wing dossier