According to Desi District's 2024 Franchise Disclosure Document, the audited opening balance sheet is dated June 15, 2024. Because Desi District has not been in business for at least three years, the FDD does not include all financial statements typically required by the Federal Trade Commission's Franchise Rule. Instead, Exhibit F contains the audited opening balance sheet. Desi District's fiscal year ends on December 31.

An audited balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time, offering transparency into its financial health. The audit, conducted by an independent accountant, offers an opinion that the financial statements present fairly the company's financial position as of that date. This is particularly important for prospective franchisees as it provides an objective view of Desi District's financial standing at the beginning of the franchise offering.

Prospective franchisees should review this balance sheet carefully to understand Desi District's initial financial condition. It is essential to consider the auditor's opinion and any notes to the financial statements, which provide further details on the company's accounting policies, potential risks, and other relevant information. Understanding the opening balance sheet is a crucial step in assessing the financial stability of Desi District before investing in a franchise.