Step 1: Understanding the Question:
The question asks for the reactants required to prepare borazole (also known as inorganic benzene, $\text{B}_3\text{N}_3\text{H}_6$).
Step 2: Detailed Explanation:
Borazole ($\text{B}_3\text{N}_3\text{H}_6$) can be prepared by reacting diborane ($\text{B}_2\text{H}_6$) with ammonia ($\text{NH}_3$) in a $1:2$ molar ratio at low temperatures to form an addition product (diammoniate of diborane), which on heating to higher temperatures (about $200^\circ\text{C}$) decomposes to give borazole:
\[ 3\text{B}_2\text{H}_6 + 6\text{NH}_3 \rightarrow 3[\text{BH}_2(\text{NH}_3)_2]^+[\text{BH}_4]^- \xrightarrow{\Delta, 200^\circ\text{C}} 2\text{B}_3\text{N}_3\text{H}_6 + 12\text{H}_2 \]
Alternatively, heating a mixture of diborane and ammonia directly at higher temperatures yields borazole.
Therefore, the reactant pair is diborane with ammonia.
Step 3: Final Answer:
The correct option is (C).