G:\Stuff\devel\led\mbed>mbed import mbed-os-example-blinky
[mbed] Working path "G:\Stuff\devel\led\mbed" (directory)
[mbed] Program path "G:\Stuff\devel\led\mbed"
[mbed] Importing program "mbed-os-example-blinky" from "https://github.com/ARMmbed/mbed-os-example-b
linky" at latest revision in the current branch
[mbed] Adding library "mbed-os" from "https://github.com/ARMmbed/mbed-os" at rev #b6e5a0a8afa3

G:\Stuff\devel\led\mbed>mbed compile -m arch_max -t GCC_ARM
[mbed] Working path "G:\Stuff\devel\led\mbed" (directory)
[mbed] Program path "G:\Stuff\devel\led\mbed"
[mbed] WARNING: Could not find mbed program in current path "G:\Stuff\devel\led\mbed".
       You can fix this by calling "mbed new ." in the root of your program.
---
[mbed] ERROR: The mbed tools were not found in "G:\Stuff\devel\led\mbed".
       You can run "mbed deploy" to install dependencies and tools.
---

G:\Stuff\devel\led\mbed>