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EX-31.1 - EXHIBIT 31.1 - JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.exhibit31-1.htm
EX-31.2 - EXHIBIT 31.2 - JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.exhibit31-2.htm
EX-32.1 - EXHIBIT 32.1 - JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.exhibit32-1.htm
EXCEL - IDEA: XBRL DOCUMENT - JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.Financial_Report.xls

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K/A
(Amendment No. 1)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended April 30, 2013

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

For the transition period from ___________to ___________

Commission file number 333-174607

JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(Exact name of registrant as specified in its charter)

Nevada 5070 68-0681552
State or jurisdiction of Primary Standard Industrial IRS Employer
incorporation Classification Code Number Identification Number
or organization    

No. 30 N. Zhongshan Road, Floor 40, Gulou District, Nanjing
Jiangsu Province, P.R.C. 210008
Tel: 011-86-18652999667
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)

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

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

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes [  ]   No [X]

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 [X]

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 shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X]   No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes [X]   No [  ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
[  ]


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act)
Yes [X ] No [  ]

The aggregate market value of Common Stock held by non-affiliates of the Registrant on October 31, 2012 was Nil based on a Nil average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

As of July 26, 2013, the registrant had 953,830,000 shares of common stock issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None.


TABLE OF CONTENTS

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9A. CONTROLS AND PROCEDURES
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES


EXPLANATORY NOTE

                                           This Amendment No. 1 to the Annual Report on Form 10-K (the “Amended 10-K”) of Joymain International Development Group, Inc. (the “Company”) amends the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2013, filed with the Securities and Exchange Commission (the “SEC”) on July 20, 2013 (the “Original 10-K”). The Amended 10-K is being filed, in response to SEC comments in a letter dated January 22, 2014, to amend the Original 10-K as follows:

                     1.                   To amend and restate Part II, Item 8, “Financial Statements and Supplementary Data” for the purpose of including a revised Report of Independent Registered Public Accounting Firm, which now includes the cumulative period from August 4, 2010, the date of inception, through April 30, 2013 in the scope and opinion paragraphs of such report;

                    2.                   To amend and restate Part II, Item 9, “Changes In and Disagreements With Accountants On Accounting and Financial Disclosureto remove the disclosures relating to the change in the Company’s certify accountant, as such matters were previously disclosed in the Company’s Current Report on Form 8-K which was filed with the SEC on May 17, 2013; and

                    3.                   To amend and restate Part II, Item 9A, “Controls and Procedures” to include Management’s Annual Report on Internal Control Over Financial Reporting as required by Item 308(a) of Regulation S-K.

                    Except as set forth above, the Amended 10-K is identical to the Original 10-K. The Amended 10-K does not reflect events occurring after the filing of the Original 10-K and no attempt has been made in the Amended 10-K to modify or update other disclosures as presented in the Original 10-K. Accordingly, this Amended 10-K should be read in conjunction with the Company’s filings with the SEC subsequent to the filing of the Original 10-K. Additionally, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, the Company has attached to the Amended 10-K updated certifications executed as of the date of the Amended 10-K by the Company’s chief executive officer and chief financial officer as required by Sections 302 and 906 of the Sarbanes Oxley Act of 2002. These updated certifications are attached as Exhibits 31.1, 31.2, and 32.1 to the Amended 10-K.

PART II

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(f/k/a Advento, Inc.)
(A Development Stage Company)

CONTENTS


PAGE F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
PAGE F-2 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
PAGE F-3 BALANCE SHEETS AS OF APRIL 30, 2013 AND 2012
PAGE F-4 STATEMENTS OF OPERATIONS FOR THE YEARS ENDED APRIL 30, 2013 AND 2012 AND FOR THE PERIOD FROM AUGUST 4, 2010 (INCEPTION) TO APRIL 30, 2013
PAGE F-5 STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIENCY FOR THE PERIOD FROM AUGUST 4, 2010 (INCEPTION) TO APRIL 30, 2013
PAGE F-6 STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED APRIL 30, 2013 AND 2012 AND FOR THE PERIOD FROM AUGUST 4, 2010 (INCEPTION) TO APRIL 30, 2013
PAGES F-7 - F-10 NOTES TO AUDITED FINANCIAL STATEMENTS


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of
Joymain International Development Group Inc.
(formerly known as Advento, Inc.)

We have audited the accompanying balance sheet of Joymain International Development Group Inc. (a Development Stage Company) (formerly known as Advento, Inc.) (the “Company”) as of April 30, 2013 and the related statement of operations, changes in stockholders’ deficiency and cash flow for the year ended April 30, 2013, and for the period from August 4, 2010 (date of inception) through April 30, 2013. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

The financial statements of the Company for the period August 4, 2010(date of inception) to April 30, 2012 were audited by the Company’s predecessor auditor, Ronald R. Chadwick, P.C. (the “Former Auditors”). The cumulative statements of operations, changes in stockholders’ deficit and cash flows for the period from August 4, 2010 (date of inception) to April 30, 2013 include amounts for the period August 4, 2010 (date of inception) to April 30, 2012. Our opinion, insofar as it relates to the amounts included for the period August 4, 2010 (Date of Inception) to April 30, 2012, is based solely on the report of the Former Auditors. The Former Auditors’ reports, dated various dates, expressed unqualified opinions and included explanatory paragraphs describing conditions that raised substantial doubt about the Company’s ability to continue as a going concern. The Former Auditors reports have been furnished to us, and our opinion, insofar as it related to the amounts included for such prior periods, is based solely on the reports of other auditors. The financial statements for the period from August 4, 2010 (Date of Inception) to April 30, 2012 reflect a development stage net loss.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of April 30, 2013 and the results of its operations and its cash flow for the year ended April 30, 2013, and for the period August 4, 2010 (date of inception) through April 30, 2013, in conformity with accounting principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has incurred significant losses since inception. This raises substantial doubt about the Company's ability to continue as a going concern. Management's plans, with respect to these matters are also described in Note 2 to the financial statements. The financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern.

/s/ RBSM, LLP

Certified Public Accountants


New York, NY

July 20 , 2013

F-1


RONALD R. CHADWICK, P.C.
Certified Public Accountant
2851 South Parker Road, Suite 720
Aurora, Colorado 80014
Telephone (303)306-1967
Fax (303)306-1944

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of:
Advento, Inc.
Henderson, Nevada

I have audited the accompanying balance sheets of Advento, Inc. (a development stage company) as of April 30, 2012 and 2011, and the related statements of operations, stockholders' equity and cash flows for the year ended April 30, 2012, the period from August 4, 2010 (inception) through April 30, 2011, and for the period from August 4, 2010 (inception) through April 30, 2012. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on these financial statements based on my audit.

I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Advento, Inc. as of April 30, 2012 and 2011, and the results of its operations and its cash flows for the year ended April 30, 2012, the period from August 4, 2010 (inception) through April 30, 2011, and for the period from August 4, 2010 (inception) through April 30, 2012 in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements the Company has suffered a loss from operations and has limited working capital that raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

Aurora, Colorado

Ronald R. Chadwick, P.C.
 

July 10, 2012

RONALD R. CHADWICK, P.C

F-2



JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(FORMERLY KNOWN AS ADVENTO, INC.)
(A Development Stage Company)
BALANCE SHEETS

    April 30,     April 30  
    2013     2012  
                                                                                           ASSETS            
CURRENT ASSETS:            
   Cash $  -   $  19,183  
   Prepaid expenses   1,945     -  
   Inventory   -     916  
             TOTAL CURRENT ASSETS   1,945     20,099  
             TOTAL ASSETS $  1,945   $  20,099  
                                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)            
CURRENT LIABILITIES:            
   Accounts payable $  5,909   $  1,317  
   Loans from shareholders   27,113     8,848  
             TOTAL CURRENT LIABILITIES   33,022     10,165  
STOCKHOLDERS' EQUITY (DEFICIENCY):            
   Common stock,1,500,000,000 shares authorized, par value $0.001,
      904,500,000 shares issued and outstanding at
      April 30, 2013 and 2012
 

904,500
   

904,500
 
   Additional paid-in capital   3,785     -  
   Deficit accumulated during the development stage   (939,362 )   (894,566 )
             TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)   (31,077 )   9,934  
             
             TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) $  1,945   $  20,099  

See accompanying notes to financial statements

F-3



JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(FORMERLY KNOWN AS ADVENTO, INC.)
(A Development Stage Company)
STATEMENT OF OPERATIONS

                For the Period From  
                August 4, 2010  
    For the Years Ended     (Inception) Through  
    April 30     April 30,  
    2013     2012     2013  
REVENUE $  -   $  -   $  -  
EXPENSES   44,796     18,137     63,112  
Loss before income taxes   (44,796 )   (18,137 )   (63,112 )
Provision for income taxes   -     -     -  
NET LOSS   (44,796 )   (18,137 )   (63,112 )
BASIC AND DILUTED:                  
     Loss per common share   a     a        
WEIGHTED AVERAGE NUMBER OF COMMON SHARES   904,500,000     769,766,400      

a= Less than ($0.01) per share

See accompanying notes to financial statements

F-4



JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(FORMERLY KNOWN AS ADVENTO, INC.)
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIENCY)

                      Deficit        
                      Accumulated        
    Common Stock     Additional     During the     Total  
    Number of           Paid-in     Development     Stockholders'  
    Shares     Amount     Capital     Stage     Equity (Deficiency)  
August 4, 2010 (Inception)   -   $  -   $  -   $  -   $  -  
Common shares sold at $0.000003 per share   750,000,000     750,000     -     (747,500 )   2,500  
Net loss   -     -     -     (179 )   (179 )
                               
BALANCE April 30, 2011   750,000,000     750,000     -     (747,679 )   2,321  
Common shares sold at $0.00016 per share   154,500,000     154,500     -     (128,750 )   25,750  
Net loss   -     -     -     (18,137 )   (18,137 )
BALANCE April 30, 2012   904,500,000     904,500     -     (894,566 )   9,934  
Forgiveness of loans from shareholders   -     -     3,785     -     3,785  
Net loss   -     -     -     (44,796 )   (44,796 )
BALANCE April 30, 2013   904,500,000   $  904,500   $  3,785   $  (939,362 ) $  (31,077 )

See accompanying notes to financial statements

F-5



JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(FORMERLY KNOWN AS ADVENTO, INC.)
(A Development Stage Company)
STATEMENTS OF CASHFLOWS

                For the Period from  
                August 4, 2010  
    For the Years Ended     (Inception) Through  
    April 30     April 30,  
    2013     2012     2013  
OPERATING ACTIVITIES:                  
 Net loss $  (44,796 ) $  (18,137 ) $  (63,112 )
 Adjustments To Reconcile Net Loss To                  
    Net Cash Used In Operating Activities                  
       Increase (decrease) in inventory   916     (916 )   -  
       Increase (decrease) in prepaid expenses   (1,945 )   -     (1,945 )
       Increase (decrease) in accounts payable   4,592     1,317     5,909  
                   NET CASH USED IN OPERATING ACTIVITIES   (41,233 )   (17,736 )   (59,148 )
INVESTING ACTIVITIES:                  
                    NET CASH USED IN INVESTING ACTIVITIES   -     -     -  
FINANCING ACTIVITIES:                  
 Proceeds from issuance of common stock   -     25,750     28,250  
 Repayments of shareholders loans   (5,663 )   -     (5,663 )
 Loans from shareholders   27,713     8,674     36,561  
                   
                   
                    NET CASH PROVIDED BY FINANCING ACTIVITIES   22,050     34,424     59,148  
Net Increase (Decrease) in Cash   (19,183 )   16,688     -  
Cash, Beginning of Period   19,183     2,495     -  
CASH, END OF PERIOD $  -   $  19,183   $  -  
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION                  
Cash paid during the period for:                  
 Interest $  -   $  -   $  -  
 Income Taxes $  -   $  -   $  -  
Non-cash financing activities:                  
     Forgiveness of loans from shareholders $  3,785   $  -   $  3,785  

See accompanying notes to financial statements

F-6



JOYMAIN INTERNATIONAL DEVELOPMENT GROUP INC.
(f/k/a ADVENTO, INC.)
(A Development Stage Company)
Notes to Financial Statements
April 30, 2013

NOTE 1 ORGANIZATION AND BUSINESS OPERATIONS

Joymain International Development Group Inc. (f/k/a Advento, Inc.), a development stage company, (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on August 4, 2010. The Company is a development stage company and initially planned to commence operations in the distribution of shower cabinets. The Company is in the development stage as defined under Accounting Codification Standard, Development Stage Entities (“ASC-915”). The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise.

On March 12, 2013, Mr. Xijian Zhou acquired an aggregate of 750,000,000 shares of the Company’s common stock, representing 82.92% of our issued and outstanding shares as of March 12, 2013. Effective March 12, 2013, (a) Mr. Liang Wei Wang resigned as the Company’s president, secretary, treasurer, and director of the Company; (b) Mr. Suqun Lin, was appointed as the Company’s sole director, president, secretary and treasurer. Effective March 28, 2013, the Nevada Secretary of State accepted for filing of a Certificate of Amendment to the Company’s Articles of Incorporation to change the Company’s name from Advento, Inc. to Joymain International Development Group Inc. and to increase its authorized capital from 75,000,000 to 1,500,000,000 shares of common stock, par value of $0.001. These amendments became effective on April 10, 2013 upon approval from the Financial Industry Regulatory Authority (“FINRA”). Also effective April 10, 2013, pursuant to a 300 new for one (1) old forward split, the Company’s issued and outstanding shares of common stock increased from 3,015,000 to 904,500,000 shares, par value of $0.001. Information regarding shares of common stock (except par value per share), discount on stock issued, and net (loss) income per common share for all periods presented reflects the three hundred-for-one forward split of the Company’s common stock.

In connection with the change of control, the Company changed its business operation plan to develop, source, market and distribute healthcare related consumer products in the global market and possibly acquire an existing target company or business in the related field which operates in the United States. Activities during the development stage include developing a business plan and raising capital. Until additional funding is raised through selling the Company common shares, the majority shareholder anticipates funding the Company’s operating costs. There is no assurance that the Company will be able to successfully raise additional funds.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

Development Stage Company

The Company has not generated significant revenues to date; accordingly, the Company is considered a development stage enterprise as defined in ASC 915, "Accounting and Reporting for Development Stage Companies." The Company is subject to a number of risks similar to those of other companies in an early stage of development.

Going Concern

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in a working capital deficiency of $31,077 and an accumulated deficit of $939,362 as of April 30, 2013 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or sale of common stock.

The Company will depend almost exclusively on outside capital to complete the development of a business plan. Such outside capital will include proceeds from the issuance of equity securities and may include commercial borrowing. There can be no assurance that capital will be available as necessary to meet these development costs or, if the capital is available, that it will be on terms acceptable to the Company.

F-7


The issuances of additional equity securities by the Company may result in a significant dilution in the equity interests of its current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase the Company's liabilities and future cash commitments.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. At April 30, 2013, the Company had no cash equivalents.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In management’s opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature.

Fair Value of Financial Instruments

The Company adopted ASC 820, Fair Value Measurements and Disclosure (“ASC 820”) for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.

ASC 820 defines fair value as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

The Company did not identify any assets and liabilities that are required to be presented on the condensed balance sheets at fair value in accordance with the relevant accounting standards.

The carrying values of accounts payables and debts approximate their fair values due to the short maturities of these instruments.

Stock-based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

F-8


Income Taxes

Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

    For the Year Ended April 30,  
    2013     2012  
Expected income tax expense(recovery) at the statutory rate of 34% $  (15,231 ) $  (6,167 )
Tax effect of expenses that are not deductible for income tax purposes (net of other amounts deductible for tax purposes)   -     -  
Change in valuation allowance   15,231     6,167  
Provision for income taxes $  -   $  -  

The components of deferred income taxes are as follow:

    For the Year Ended April 30,  
    2013     2012  
Deferred income tax asset:            
Net operating loss carryforwards $  21,458   $  6,227  
Valuation allowance   (21,458 )   (6,227 )
Deferred income taxes $  -   $  -  

As of April 30, 2013, the Company has a net operating loss carryforward (“NOL”) of approximately $63,000 available to offset future taxable income through 2033. The NOL is limited under Section 382 of the Internal Revenue Code of 1986 if a change in control or ownership should occur. On March 12, 2013, a change of control occurred which will substantially limit the use of our current NOL in the future. The increases in the valuation allowance at April 30, 2013 and 2012 from their immediate prior year end was $15,231 and $6,167, respectively.

Basic and Diluted Loss Per Share

The Company computes loss per share in accordance with “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 loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per 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 Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.

Fiscal Periods

The Company's fiscal year end is April 30.

Related Parties

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all related party transactions. All transactions shall be recorded at fair value of the goods or services exchanged. Property purchased from a related party is recorded at the cost to the related party and any payment to or on behalf of the related party in excess of the cost is reflected as a distribution to related party.

Recent Accounting Pronouncements

We have reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and we do not believe any of these pronouncements will have a material impact on the company.

F-9


NOTE 3 RELATED PARTY TRANSACTIONS

For the year ended April 30, 2013, a former Director had loaned the Company $600 for professional fees and the Company’s majority shareholder loaned the Company $27,113 for general expenses and professional fees. The loans are non-interest bearing, due upon demand and unsecured. For the year ended April 30, 2012 a former Director had loaned the Company $8,674 to pay for general expenses and professional fees. The loan is non-interest bearing, due upon demand and unsecured. On August 4, 2010 a Director had loaned the Company $174. As of April 30, 2013 total loan amount from the former Director was $9,448 and the Company repaid $5,663. In connection with the change of control on March 12, 2013, the former director forgave the loans of $3,785 and the amount was recorded by the Company as contributed capital. At April 30, 2013 and 2012, the Company’s loans from shareholders amounted to $27,113 and $8,848, respectively.

On April 28, 2011, the Company sold 750,000,000 shares of common stock at a price of $0.000003 per share to its director for a total cash proceeds of $2,500.

NOTE 4 STOCKHOLDERS’ EQUITY (DEFICIENCY)

The authorized capital of the Company is 1,500,000,000 common shares with a par value of $0.001 per share. On April 28, 2011, the Company issued 750,000,000 shares of common stock at a price of $0.000003 per share for total cash proceeds of $2,500. In March and April, 2012, the Company issued 154,500,000 shares of common stock at a price of $0.00016 per share for total cash proceeds of $25,750.

On April 15, 2013, the Company received written consent from the board of directors to carry out a private placement of up to 55,000,000 shares of common stock at a price of $0.03 per share for maximum gross proceeds of $1,650,000 (the “Private Placement”).

As of April 30, 2013, a former director forgave loans of $3,785 and this was recorded by the Company as contributed capital.

5. SUBSEQUENT EVENTS

In July 2013, in connection with the Private Placement, the Company issued 49,469,000 shares of common stock at a price of $0.03 per share for total gross cash proceeds of $1,484,070.

F-10



ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

An evaluation was conducted under the supervision and with the participation of our management, including Mr. Suqun Lin, our president (our principal executive officer, principal financial officer and principal accounting officer) of the effectiveness of the design and operation of our disclosure controls and procedures as of April 30, 2013. Based on that evaluation, our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the year ended April 30, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

We maintain "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principal accounting officer), as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principal accounting officer) of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. The evaluation of our disclosure controls and procedures included a review of the disclosure controls' and procedures' objectives, design, implementation and the effect of the controls and procedures on the information generated for use in this report. In the course of our evaluation, we sought to identify data errors, control problems or acts of fraud and to confirm the appropriate corrective actions, if any, including process improvements, were being undertaken. Our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that, as of the end of the period covered by this annual report, our disclosure controls and procedures were effective and were operating at the reasonable assurance level.

Management Report on Internal Control Over Financial Reporting

                    Our management is responsible for establishing and maintaining adequate internal control over financial reporting to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

                    Any system of internal control, no matter how well designed, has inherent limitations, including the possibility that a control can be circumvented or overridden and misstatements due to error or fraud may occur and not be detected in a timely manner. Also, because of changes in conditions, internal control effectiveness may vary over time. Accordingly, even an effective system of internal control will provide only reasonable assurance with respect to financial statement preparation. In addition, the design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. Therefore, any current evaluation of controls cannot and should not be projected to future periods.


                    Management assessed our internal control over financial reporting as of the year ended April 30, 2013. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in the report entitled "Internal Control-Integrated Framework." The COSO framework summarizes each of the components of a company’s internal control system, including (i) the control environment, (ii) risk assessment, (iii) control activities, (iv) information and communication, and (v) monitoring.

                    Based on management’s assessment using the COSO criteria, management has concluded that the Company’s internal control over financial reporting was effective as of April 30, 2013 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles.

                    Because we are a smaller reporting company, this Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting.

Changes in Internal Control over Financial Reporting

                    There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of April 30, 2013, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
   
(a) Financial Statements
  (1) Financial statements for our company are listed in the index under Item 8 of this document;
     
  (2) All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.
     
(b) Exhibits

Exhibit Description
Number  
(3)

(i) Articles of Incorporation; (ii) Bylaws

3.1

Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1 filed on May 31, 2011)

3.2

Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed on May 31, 2011)

3.3

Certificate of Amendment (incorporated by reference to our Current Report on Form 8-K filed on April 11, 2013)

(10)

Material Contracts

10.1

Stock Purchase Agreement dated March 12, 2012 between our company, Liang Wei Wang and Xijian Zhou (incorporated by reference to our Current Report on Form 8-K filed on March 19, 2013)

(31)

Rule 13a-14(a) / 15d-14(a) Certifications

31.1*

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of Principal Executive Officer.

31.2*

Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of Principal Financial Officer and Principal Accounting Officer

(32)

Section 1350 Certifications

32.1*

Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer




101** Interactive Data Files
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

*

Filed herewith.

   
**

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration Statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.



SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    Joymain International Development Group Inc.
     
  Dated: February 5 , 2014 By: /s/ Suqun Lin
    Suqun Lin
    President, Secretary, Treasurer and Director
    (Principal Executive Officer, Principal
    Financial Officer and Principal Accounting
    Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

  Dated: February 5 , 2014 /s/ Suqun Lin
    Suqun Lin
    President, Secretary, Treasurer and Director
    (Principal Executive Officer, Principal
    Financial Officer and Principal Accounting
    Officer)