UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

X . QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~March~~June 3130, 2016

. TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File Number 333-140663

MUNRO DEVELOPMENTS INC.

(Exact name of registrant as specified in its charter)


NEVADA	20-3872178
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

311 S Division St, Carson City, NV 89731

(Address of principal executive offices) (Zip Code)

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 such shorter period that the registrant was 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 is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act

Large accelerated filer . Accelerated filer . Non-accelerated filer . (Do not check if a smaller reporting company) Smaller reporting company X .

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING

THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes . No .

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date 55,000,000 common shares issued and outstanding as of ~~May~~August 15, 2016

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 3. Critical Accounting Policies

Item 4. Controls and Procedures

PART II OTHER INFORMATION

Item 1. Legal Proceedings

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 3. Defaults Upon Senior Securities

Item 4. Submission of Matters to a Vote of Securities Holders

Item 5. Other Information

Item 6. Exhibits

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited interim financial statements for the ~~three~~six month period ended ~~March~~June 3130, 2016 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

Munro Developments Inc.

Balance Sheets (Unaudited)

	March 31,		December 31,
	June 30,		December 31,
	2016		2015
ASSETS
CURRENT ASSETS
Cash	$	-	$	-
Total Current Assets		-		-
	$	-	$	-
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	67,~~026~~326	$	66,729
Advances from related parties		95,929		95,709
TOTAL CURRENT LIABILITIES		162,955		162,438
STOCKHOLDERS' EQUITY
Common stock, Authorized - 75,000,000 $0.001 par value common shares Issued – 55,000,000 as of March 31, 2016 and December 31, 2015.		55,000		55,000
Common stock, Authorized - 75,000,000 $0.001 par value common shares Issued – 55,000,000 as of June 30, 2016 and December 31, 2015.		55,000		55,000
Deficit accumulated during the pre-exploration stage		(~~217~~218,~~995~~295)		(217,438)
TOTAL STOCKHOLDERS' EQUITY		(162,955)		(162,438)
	$	-	$	-

See Accompanying Notes to Unaudited Financial Statements

Munro Developments Inc.

Unaudited Statements of Operations

	Three months ended			Three months ended
		Three months ended June 30				Six months ended June 30
	March 31, 2016			March 31, 2015
		2016		2015		2016		2015
REVENUES	$	-	$	$-	-$	-	$	-
OPERATING EXPENSES
Management Fees and other		~~517~~300		1,500	~~7,010~~	817		8,510
Legal Fees		-		-	~~6,130~~	-		6,130
Accounting Fees		-		-	-	-		-
Total Operating Expenses		~~517~~300		1,500	~~13,140~~	817		14,640
INCOME (LOSS( BEFORE INCOME TAXES		(~~517~~300)		(1,500)	~~(13,140)~~	(817)		(14,640)
PROVISION FOR INCOME TAXES		-		-	-	-		-
NET INCOME (LOSS)	$	(~~517~~300)	$	$(1,500)	~~(13,140)~~$	(817)	$	(14,640)
NET INCOME (LOSS) PER SHARE	$	(0.00)	$	$(0.00)	~~(0.00)~~$	(0.00)	$	(0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES		55,000,000			55,000,000
WEIGHTED AVERAGE NUMBER OF COMMON SHARES (Basic and Fully Diluted)		55,000,000		55,000,000		55,000,000		55,000,000
(Basic and Fully Diluted)

See Accompanying Notes to Unaudited Financial Statements

Munro Developments Inc.

Unaudited Statements of Cash Flows

	Three months Ended
	Six months Ended
	March 31, 2016		March 31, 2015
	June 30, 2016		June 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(~~517~~300)	$	(131,~~140~~500)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Increase in Accounts Payable		~~297~~300		131,~~140~~500
Net Cash Provided (Used) by Operating Activities		~~(220)~~-		-
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral claim		-		-
Net Cash Provided (Used) by Investing Activities		-		-
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		~~220~~-		~~6,130~~-
Net Cash Provided (Used) by Financing Activities		~~220~~-		~~6,130~~-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(-)		(71,~~436~~500)
CASH AND CASH EQUIVALENTS
Beginning		-		102,~~000~~564
Ending	$	-	$	21,~~564~~064
Supplemental Disclosures of Cash Flow Information:
Stock issued for services	$	-	$	-

See Accompanying Notes to Unaudited Financial Statements

Munro Developments Inc.

Notes to Unaudited Financial Statements

For the ~~Three~~Six ~~Months~~months Ended ~~March~~June 3130, 2016

(Expressed in U.S. Dollars)

1. INCORPORATION AND OPERATING ACTIVITIES

The Company, Munro Developments Inc., was incorporated under the laws of the State of Nevada on November 17, 2003 with authorized capital stock of 75,000,000 shares at $0.001 par value under the name of Setchfield Resources Inc. The name was changed to Munro Developments Inc. on March 28, 2011.

The Company was organized for the purpose of acquiring and developing mineral properties. At the report date mineral claims, with unknown reserves, had been acquired. The Company has not established the existence of a commercially minable ore deposit and therefore is still in the exploration stage.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Method

The Company recognizes income and expenses based on the accrual method of accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Basic and Diluted Net Loss Per Share

Basic net loss per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of ~~March~~June 3130, 2016 and 2015, no such common equivalent shares were excluded from net income (loss) per share.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

As of December 31, 2015 and 2014, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended December 31, 2015, and 2014 and no interest or penalties have been accrued as of December 31, 2015 and 2014. As of December 31, 2015 and 2014, the Company did not have any amounts recorded pertaining to uncertain tax positions. The tax years from 2010 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

~~The~~Impairment ~~tax~~of ~~years~~Long-lived from 2010 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.Assets

The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-~~lived~~Lived Assets.

6Foreign Currency Translations

~~Foreign~~The ~~Currency~~books ~~Translations~~of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:

The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:(i)

~~(i)~~Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;

~~Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;~~(ii)

~~(ii)~~Non-Monetary items including equity are recorded at the historical rate of exchange; and

~~Non-Monetary items including equity are recorded at the historical rate of exchange; and~~(iii)

~~(iii)~~Revenues and expenses are recorded at the period average in which the transaction occurred.

~~Revenues and expenses are recorded at the period average in which the transaction occurred.~~Investments

Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s Statements of Operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s Balance Sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.

~~Investments~~Revenue in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s Statements of Operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s Balance Sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings. Recognition

Revenue ~~Recognition~~from the sale of minerals will be recognized when a contract is in place and minerals are delivered to the customer.

~~Revenue~~Mineral ~~from~~claim ~~the~~acquisition ~~sale of minerals will be recognized when a contract is in place~~ and ~~minerals~~exploration ~~are delivered to the customer.~~costs

~~Mineral~~The ~~claim~~cost ~~acquisition~~of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.

~~The~~Advertising ~~cost of acquiring mineral properties or claims is initially capitalized~~ and ~~then~~Market ~~tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.~~Development

~~Advertising~~The company expenses advertising and ~~Market~~market ~~Development~~development costs as incurred.

~~The~~Financial ~~company expenses advertising and market development costs as incurred.~~Instruments

~~Financial~~The ~~Instruments~~carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities.

~~The~~Estimates ~~carrying~~and ~~amounts of financial instruments are considered by management to be their fair value due to their short term maturities.~~Assumptions

~~Estimates~~Management uses estimates and ~~Assumptions~~assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

~~Management~~Statement ~~uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts~~ of ~~the~~Cash assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.Flows

~~Statement~~For the purposes of ~~Cash~~the ~~Flows~~statement of cash flows, the Company considers all highly liquid investments with a maturity of six months or less to be cash equivalents.

~~For~~Environmental ~~the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.~~Requirements

~~Environmental~~At ~~Requirements~~the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.

AtRecent ~~the~~Accounting ~~report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.~~Pronouncements

~~Recent~~The ~~Accounting~~Company ~~Pronouncements~~does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

~~The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.~~7

73. ACQUISITION OF MINERAL CLAIM

3On December 2, 2005, the Company acquired the Eclipse Gold Property located in the Amai Inlet area of British Columbia, Canada from an unrelated company, for the consideration of $5,000. ~~ACQUISITION~~This OFarea ~~MINERAL~~is ~~CLAIM~~located 320 kilometers northwest of Vancouver, British Columbia and has access by road through Zeballis, British Columbia.

OnThe ~~December~~acquisition 2,costs ~~2005,~~have ~~the~~been ~~Company~~impaired ~~acquired~~and ~~the~~expensed ~~Eclipse~~because ~~Gold~~there ~~Property~~has ~~located~~been inlimited ~~the~~exploration ~~Amai~~activity ~~Inlet~~and ~~area~~there ofhas ~~British~~been ~~Columbia,~~no ~~Canada~~reserve ~~from~~established anand ~~unrelated~~we ~~company,~~cannot ~~for~~currently ~~the~~project ~~consideration~~any offuture ~~$5,000.~~cash ~~This~~flows ~~area~~or issalvage ~~located 320 kilometers northwest of Vancouver, British Columbia and has access by road through Zeballis, British Columbia~~value.

~~The~~4. ~~acquisition~~SIGNIFICANT ~~costs~~TRANSACTIONS ~~have~~WITH ~~been~~RELATED ~~impaired and expensed because there has been limited exploration activity and there has been no reserve established and we cannot currently project any future cash flows or salvage value.~~PARTIES

4For the six months ended June 30, 2016, related parties made accrual of management fees due to its director of $nil (2015 -$nil). ~~SIGNIFICANT~~The ~~TRANSACTIONS~~total ~~WITH~~amount ~~RELATED~~due ~~PARTIES~~the officer and director is $95,929. The accruals are non-interest bearing, unsecured and payable on demand.

~~For the three months ended March 31, 2016, related parties made accrual of management fees due to its director of $nil (2015 -$nil)~~5. ~~The~~GOING ~~total amount due the officer and director is $95,709. The accruals are non-interest bearing, unsecured and payable on demand.~~CONCERN

5The Company will need additional working capital to accomplish its intended purpose of exploring its mining claim, which raises substantial doubt about its ability to continue as a going concern. ~~GOING~~Management ~~CONCERN~~of the Company has developed a strategy, which it believes will accomplish this objective through Director Advances, additional equity funding, and long term financing, which will enable the Company to operate for the coming year.

The Company will need additional working capital to accomplish its intended purpose of exploring its mining claim, which raises substantial doubt about its ability to continue as a going concern. Management of the Company has developed a strategy, which it believes will accomplish this objective through Director Advances, additional equity funding, and long term financing, which will enable the Company to operate for the coming year.8

8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

~~Item~~Forward-Looking ~~2. Management’s Discussion and Analysis of Financial Condition and Results of Operations~~Statements

~~Forward~~This quarterly report contains forward-~~Looking~~looking ~~Statements~~statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors” that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

~~This~~Our ~~quarterly~~unaudited ~~report~~financial ~~contains forward-looking~~ statements asprepared ~~that term is defined~~ in ~~the~~accordance ~~Private~~with ~~Securities~~United ~~Litigation~~States ~~Reform~~Generally ~~Act~~Accepted ofAccounting ~~1995~~Principles. ~~These~~The ~~statements~~following ~~relate~~discussion toshould ~~future~~be ~~events~~read orin ~~our~~conjunction ~~future~~with our financial ~~performance. In some cases, you can identify forward-looking~~ statements byand ~~terminology~~the ~~such~~related asnotes ~~"may",~~that ~~"should",~~appear ~~"expects",~~elsewhere ~~"plans",~~in ~~"anticipates",~~this ~~"believes",~~quarterly ~~"estimates",~~report. ~~"predicts",~~The ~~"potential"~~following ordiscussion ~~"continue"~~contains orforward-looking ~~the negative of these terms or other comparable terminology. These~~ statements ~~are~~that ~~only~~reflect ~~predictions~~our ~~and involve known and unknown risks~~plans, ~~uncertainties~~estimates and ~~other~~beliefs. ~~factors,~~Our ~~including the risks in the section entitled "Risk Factors” that may cause our or our industry's~~ actual results, ~~levels~~could ofdiffer ~~activity, performance or achievements to be~~ materially ~~different~~ from ~~any~~those ~~future~~discussed ~~results,~~in ~~levels~~the ~~of activity, performance or achievements expressed or implied by these~~ forward- looking statements. ~~Although~~Factors ~~we believe~~ that ~~the~~could ~~expectations~~cause ~~reflected~~or incontribute ~~the~~to ~~forward-looking~~such ~~statements~~differences ~~are reasonable~~include, webut ~~cannot~~are ~~guarantee~~not ~~future~~limited ~~results~~to, ~~levels~~those ofdiscussed ~~activity,~~below ~~performance~~and orelsewhere ~~achievements.~~in ~~Except~~this asquarterly ~~required by applicable law~~report, ~~including~~particularly ~~the~~in ~~securities laws of~~ the ~~United~~section ~~States,~~entitled we"Risk doFactors" ~~not intend to update any~~ of ~~the~~this ~~forward-looking~~quarterly ~~statements to conform these statements to actual results~~report.

~~Our~~In unaudited financial statements prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report., ~~The~~unless ~~following~~otherwise ~~discussion contains forward-looking statements that reflect our plans~~specified, ~~estimates~~all ~~and~~dollar ~~beliefs.~~amounts ~~Our~~are ~~actual~~expressed ~~results could differ materially from those discussed~~ in ~~the~~United ~~forward~~States ~~looking statements~~dollars. ~~Factors~~All ~~that~~references ~~could cause or contribute~~ to ~~such~~"common ~~differences~~shares" ~~include,~~refer ~~but are not limited~~ to, ~~those~~the ~~discussed~~common ~~below~~shares ~~and elsewhere~~ in ~~this~~our ~~quarterly~~capital ~~report, particularly in the section entitled "Risk Factors" of this quarterly report~~stock.

InAs used in this quarterly report, ~~unless~~the ~~otherwise~~terms ~~specified~~"we", ~~all~~"us", ~~dollar~~"our" ~~amounts~~and ~~are expressed in United States dollars. All references to~~ "~~common shares~~Munro" ~~refer~~mean toMunro ~~the~~Developments ~~common~~Inc., ~~shares~~unless inotherwise ~~our capital stock~~indicated.

AsGeneral ~~used in this quarterly report, the terms "we", "us", "our" and "Munro" mean Munro Developments Inc., unless otherwise indicated.~~Overview

~~General~~We ~~Overview~~were incorporated pursuant to the laws of the State of Nevada on November 17, 2003 under the name Setchfield Resources Inc. The Company’s name was changed to Munro Developments on March 28, 2011.

WeOur ~~were~~principal ~~incorporated~~office ~~pursuant~~is tolocated ~~the~~at ~~laws~~311 ofS. ~~the~~Division ~~State~~St, ofCarson ~~Nevada on November 17~~City, ~~2003 under the name Setchfield Resources Inc. The Company’s name was changed to Munro Developments on March 28~~Nevada, ~~2011~~89731.

~~Our~~As ~~principal~~our ~~office~~common isshares ~~located~~are atnot ~~311~~listed, S.there ~~Division~~is ~~St,~~no ~~Carson~~public ~~City,~~market ~~Nevada,~~for ~~89731~~our common shares.

AsPlan ~~our~~of ~~common shares are not listed, there is no public market for our common shares.~~Operations

~~Plan~~Our business plan is to proceed with the exploration of ~~Operations~~the Eclipse Mine Property to determine whether there is any potential for gold on the properties that comprise the mineral claims. We have decided to proceed with the exploration program recommended by the geological report. We anticipate that the three phases of the recommended geological exploration program will cost approximately $30,000, $90,000 and $180,000 respectively. We had $nil in cash as of June 30, 2016.

~~Our business plan is to proceed with the exploration of the Eclipse Mine Property to determine whether there is any potential for gold on the properties that comprise the mineral claims.~~ We ~~have decided to proceed with the exploration program recommended by the geological report. We~~ anticipate that ~~the~~we ~~three~~will ~~phases~~incur of the ~~recommended~~following ~~geological~~expenses ~~exploration~~over ~~program~~the ~~will~~next ~~cost~~twelve ~~approximately $30,000, $90,000 and $180,000 respectively. We had $nil in cash as of March 31, 2016.~~ months:

~~We anticipate that we will incur the following expenses over the next twelve months:~~·

·$327 to be paid to the British Columbia Provincial government to keep the claims valid;

~~$327 to be paid to the British Columbia Provincial government to keep the claims valid;~~·

·$30,000 in connection with the completion of Phase 1 of our recommended geological work program;

~~$30,000 in connection with the completion of Phase 1 of our recommended geological work program;~~·

·$90,000 in connection with the completion of Phase 2 of our recommended geological work program;

~~$90,000 in connection with the completion of Phase 2 of our recommended geological work program;~~·

·$180,000 for Phase 3 of our recommended geological work program; and

~~$180,000 for Phase 3 of our recommended geological work program; and~~·

·$32,000 for operating expenses, including professional legal and accounting expenses associated with compliance with the periodic reporting requirements.

~~$32~~If we determine not to proceed with further exploration of our mineral claims due to a determination that the results of our initial geological program do not warrant further exploration or due to an inability to finance further exploration,~~000~~ ~~for~~we ~~operating~~plan ~~expenses~~to pursue the acquisition of an interest in other mineral claims. We anticipate that any future acquisition would involve the acquisition of an option to earn an interest in a mineral claim as we anticipate that we would not have sufficient cash to purchase a mineral claim of sufficient merit to warrant exploration. This means that we might offer shares of our stock to obtain an option on a property. Once we obtain an option, ~~including~~we ~~professional~~would ~~legal~~then ~~and~~pursue ~~accounting~~finding ~~expenses~~the ~~associated~~funds ~~with~~necessary ~~compliance~~to ~~with~~explore the ~~periodic~~mineral ~~reporting~~claim ~~requirements~~by one or more of the following means: engaging in an offering of our stock; engaging in borrowing; or locating a joint venture partner or partners.

If we determine not to proceed with further exploration of our mineral claims due to a determination that the results of our initial geological program do not warrant further exploration or due to an inability to finance further exploration, we plan to pursue the acquisition of an interest in other mineral claims. We anticipate that any future acquisition would involve the acquisition of an option to earn an interest in a mineral claim as we anticipate that we would not have sufficient cash to purchase a mineral claim of sufficient merit to warrant exploration. This means that we might offer shares of our stock to obtain an option on a property. Once we obtain an option, we would then pursue finding the funds necessary to explore the mineral claim by one or more of the following means: engaging in an offering of our stock; engaging in borrowing; or locating a joint venture partner or partners.9

9Results of Operations

~~Results~~We have not yet earned any revenues. We anticipate that we will not earn revenues until such time as we have entered into commercial production, if any, of ~~Operations~~our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties. Our net loss for the six months ended June 30, 2016 was $817 ($14,640 for the six months ended June 30, 2015).

WeLiquidity have not yet earned any revenues. We anticipate that we will not earn revenues until such time as we have entered into commercial production, if any, of our mineral properties. We are presently in the exploration stage of our business and weCapital can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties. Our net loss for the three months ended March 31, 2016 was $517 ($13,140 for the three months ended March 31, 2015). Resources

~~Liquidity~~Our cash totalled $nil at the end of the period on June 30, 2016. Accounts payable at the end of the period on June 30, 2016 was $67,329 and ~~Capital~~we ~~Resources~~received advances from related parties of $95,929. Since our inception on November 17, 2003, to the end of the period on June 30, 2016, we have incurred a loss of ($218,295).

~~Our~~Based ~~cash~~on ~~totalled~~our ~~$nil~~current operating plan, we do not expect to generate revenue that is sufficient to cover our expenses for at least the ~~end~~next oftwelve months. In addition, we do not have sufficient cash and cash equivalents to execute our operations for at least the ~~period~~next ontwelve ~~March~~months. ~~31,~~We ~~2016~~will need to obtain additional financing to operate our business for the next twelve months. ~~Accounts~~We ~~payable~~will atraise the ~~end~~capital necessary to fund our business through a private placement and public offering of ~~the~~our ~~period~~common onstock. ~~March~~Additional 31financing, ~~2016~~whether ~~was~~through ~~$67~~public or private equity or debt financing,~~026~~ ~~and~~arrangements wewith ~~received~~stockholders ~~advances~~or ~~from~~other ~~related~~sources ~~parties~~to offund ~~$95~~operations,~~929~~ may not be available, or if available, may be on terms unacceptable to us. ~~Since~~Our ~~our~~ability ~~inception~~to maintain sufficient liquidity is dependent on ~~November~~our 17ability to raise additional capital. If we issue additional equity securities to raise funds, ~~2003~~the ownership percentage of our existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to ~~the~~those ~~end~~of existing holders of our common stock. Debt incurred by us would be senior to equity in the ~~period~~ability of debt holders to make claims on ~~March~~our ~~31,~~assets. ~~2016~~The terms of any debt issued could impose restrictions on our operations. If adequate funds are not available to satisfy either short or long-term capital requirements, our operations and liquidity could be materially adversely affected and we ~~have~~could ~~incurred~~be aforced ~~loss~~to ofcease ~~($217,995)~~operations.

Based on our current operating plan, we do not expect to generate revenue that is sufficient to cover our expenses for at least the next twelve months. In addition, we do not have sufficient cash and cash equivalents to execute our operations for at least the next twelve months. We will need to obtain additional financing to operate our business for the next twelve months. We will raise the capital necessary to fund our business through a private placement and public offering of our common stock. Additional financing, whether through public or private equity or debt financing, arrangements with stockholders or other sources to fund operations, may not be available, or if available, may be on terms unacceptable to us. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital. If we issue additional equity securities to raise funds, the ownership percentage of our existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of our common stock. Debt incurred by us would be senior to equity in the ability of debt holders to make claims on our assets. The terms of any debt issued could impose restrictions on our operations. If adequate funds are not available to satisfy either short or long-term capital requirements, our operations and liquidity could be materially adversely affected and we could be forced to cease operations.Trends

~~Trends~~From our date of inception we have been a pre-exploration company which has produced no revenue and maybe will not be able to produce revenue. To the knowledge of management we are unaware of any trends or past and future events which will have a material effect upon our Company, its income and business, both in the long and short term.

~~From~~Critical ~~our~~Accounting ~~date~~Policies ~~of inception we have been a pre-exploration company which has produced no revenue~~ and maybe will not be able to produce revenue. To the knowledge of management we are unaware of any trends or past and future events which will have a material effect upon our Company, its income and business, both in the long and short term. Estimates

~~Critical~~In ~~Accounting~~presenting ~~Policies~~our financial statements in conformity with U.S. generally accepting accounting principles, or GAAP, we are required to make estimates and ~~Estimates~~assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures.

InSome ~~presenting~~of ~~our~~the ~~financial~~estimates ~~statements~~and inassumptions ~~conformity~~we ~~with~~are ~~U.S.~~required ~~generally~~to ~~accepting~~make ~~accounting~~relate ~~principles,~~to ormatters ~~GAAP,~~that we are ~~required~~inherently uncertain as they pertain to ~~make~~future events. We base these estimates and assumptions on historical experience or on various other factors that ~~affect~~we believe to be reasonable and appropriate under the ~~reported~~circumstances. ~~amounts~~On ofan ~~assets,~~ongoing ~~liabilities~~basis, ~~revenue,~~we ~~costs~~reconsider and ~~expenses~~evaluate ~~and~~our ~~related~~estimates ~~disclosures~~and assumptions. Actual results may differ significantly from these estimates.

~~Some~~We ofbelieve that the ~~estimates~~critical ~~and~~accounting ~~assumptions~~policies welisted ~~are~~below ~~required~~involve toour ~~make~~more ~~relate~~significant tojudgments, ~~matters~~assumptions ~~that~~and ~~are~~estimates ~~inherently~~and, ~~uncertain~~therefore, ascould ~~they~~have ~~pertain~~the togreatest ~~future~~potential ~~events.~~impact ~~We base these estimates and assumptions~~ on ~~historical~~our ~~experience~~financial orstatements. onIn ~~various~~addition, ~~other factors that~~ we believe tothat bea ~~reasonable~~discussion ~~and~~of ~~appropriate~~these ~~under~~policies ~~the~~is ~~circumstances.~~necessary Onto anunderstand ~~ongoing basis, we reconsider~~ and evaluate ~~our~~the ~~estimates~~financial ~~and~~statements ~~assumptions.~~contained ~~Actual~~in ~~results~~this ~~may~~Form ~~differ significantly from these estimates~~10-Q.

WeEstimates ~~believe that the critical accounting policies listed below involve our more significant judgments, assumptions~~ and estimates and, therefore, could have the greatest potential impact on our financial statements. In addition, we believe that a discussion of these policies is necessary to understand and evaluate the financial statements contained in this Form 10-Q. Assumptions

~~Management~~Mineral ~~uses~~claim ~~estimates~~acquisition and ~~assumptions~~exploration in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.costs

The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.10

10Income Taxes

~~Income~~The ~~Taxes~~Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

~~The~~Recent ~~Company~~Accounting utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.Pronouncements

~~Recent~~The ~~Accounting~~Company ~~Pronouncements~~does not expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.

~~The~~Item ~~Company~~3. ~~does~~Critical ~~not~~Accounting ~~expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.~~Policies

~~Item~~Resource 3Properties - Company follows the successful efforts method of accounting for its oil and gas properties. ~~Critical~~Unproved ~~Accounting~~oil ~~Policies~~and gas properties are periodically assessed and any impairment in value is charged to exploration expense. The costs of unproved properties, which are determined to be productive are transferred to proved resource properties and amortized on an equivalent unit-of-production basis. Exploratory expenses, including geological and geophysical expenses and delay rentals for unevaluated resource properties, are charged to expense as incurred. Exploratory drilling costs are charged as expenses until it is determined that the company has proven oil and gas reserves.

~~Resource~~Basis ~~Properties - Company follows the successful efforts method~~ of ~~accounting~~Presentation ~~for~~-These ~~its~~financial ~~oil~~statements and ~~gas~~related ~~properties.~~notes ~~Unproved oil and gas properties~~ are ~~periodically~~presented ~~assessed and any impairment~~ in ~~value~~accordance iswith ~~charged~~accounting toprinciples ~~exploration~~generally ~~expense.~~accepted ~~The~~in ~~costs~~the ofUnited ~~unproved properties~~States, ~~which~~and are ~~determined~~expressed toin ~~be productive are transferred to proved resource properties and amortized on an equivalent unit-of-production basis~~U.S. ~~Exploratory expenses, including geological and geophysical expenses and delay rentals for unevaluated resource properties, are charged to expense as incurred~~dollars. ~~Exploratory~~The ~~drilling~~Company’s ~~costs~~fiscal ~~are~~year-end ~~charged as expenses until it~~ is ~~determined~~December ~~that the company has proven oil and gas reserves~~31.

~~Basis~~Use of ~~Presentation~~Estimates -~~These~~ ~~financial~~The ~~statements~~preparation ~~and~~of ~~related~~financial ~~notes~~statements ~~are presented~~ in accordance with U.S. generally accepted accounting principles ~~generally~~requires ~~accepted~~management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses in the ~~United~~reporting ~~States~~period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation and ~~are~~deferred ~~expressed~~income intax Uasset valuation allowances.S. ~~dollars~~We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The ~~Company’s~~actual ~~fiscal~~results ~~year-end~~experienced isby ~~December~~us 31may differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.

~~Use~~Cash ofand ~~Estimates~~Cash Equivalents - The ~~preparation~~Company ofconsiders ~~financial~~all ~~statements~~highly inliquid ~~accordance~~instruments with ~~U.S.~~original ~~generally~~maturities ~~accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts~~ of ~~assets~~six ~~and~~months ~~liabilities~~or atless ~~the~~when ~~date~~acquired, ~~of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related~~ to ~~the~~be ~~useful~~cash ~~life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances~~equivalents. We ~~base~~had ~~our~~no ~~estimates~~cash ~~and~~equivalents ~~assumptions~~at onJune ~~current facts~~30, ~~historical~~2016 ~~experience~~or ~~and various other factors that we believe to be reasonable under the circumstances~~2015, ~~the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources~~respectively. The actual results experienced by us may differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.

~~Cash~~Income ~~and~~Taxes ~~Cash~~-Potential ~~Equivalents~~benefits -of income tax losses are not recognized in the accounts until realization is more likely than not. The Company ~~considers~~has ~~all~~adopted ~~highly~~ASC ~~liquid~~740, ~~instruments~~Income ~~with~~Taxes, ~~original~~as ~~maturities~~ of ~~three~~its ~~months~~inception. orPursuant ~~less~~to ~~when~~ASC ~~acquired~~740, the Company is required to becompute ~~cash~~tax ~~equivalents~~asset benefits for net operating losses carried forward. WeThe ~~had~~potential nobenefits ~~cash~~of ~~equivalents~~net atoperating ~~March~~losses ~~31,~~have ~~2016~~not orbeen ~~2015,~~recognized ~~respectively~~in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

~~Income~~Comprehensive ~~Taxes~~Loss -~~Potential~~ ~~benefits~~ASC of220, ~~income~~Comprehensive ~~tax~~Income, ~~losses~~establishes ~~are~~standards ~~not~~for ~~recognized in~~ the ~~accounts~~reporting ~~until~~and ~~realization~~display isof ~~more~~comprehensive ~~likely~~loss ~~than~~and ~~not.~~its ~~The~~components ~~Company~~in ~~has~~the ~~adopted~~financial ~~ASC~~statements. ~~740,~~As ~~Income Taxes, as~~ of ~~its~~June ~~inception.~~30, ~~Pursuant~~2016 toand ~~ASC 740~~2015, the Company ishas ~~required~~no toitems ~~compute~~that ~~tax~~represent ~~asset~~comprehensive ~~benefits~~loss ~~for~~and, ~~net~~therefore, ~~operating~~has ~~losses~~not ~~carried~~included ~~forward.~~a ~~The~~schedule ~~potential benefits~~ of ~~net~~comprehensive ~~operating~~loss ~~losses have not been recognized~~ in ~~these~~the financial statements ~~because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years~~.

~~Comprehensive~~Stock ~~Loss~~Based Compensation - ASC ~~220~~718, ~~Comprehensive~~Stock-based ~~Income~~compensation, establishes standards for the reporting and display of ~~comprehensive~~stock ~~loss~~based ~~and~~compensation ~~its components~~ in the financial statements. AsDuring ~~of March 31, 2016 and 2015,~~ the ~~Company~~six ~~has~~months noended ~~items~~June ~~that represent comprehensive loss and~~30, ~~therefore~~2016, ~~has~~there ~~not~~was ~~included~~no astock ~~schedule~~based ~~of comprehensive loss in the financial statements~~compensation.

~~Stock~~Loss ~~Based~~per ~~Compensation~~Common Share -The Company computes net loss per share in accordance with ASC ~~718~~260, ~~Stock-based~~Earnings ~~compensation~~Per Share, ~~establishes~~which ~~standards~~requires ~~for~~presentation ~~the~~of ~~reporting~~both basic and ~~display~~diluted earnings per share (EPS) on the face of ~~stock~~the ~~based~~income ~~compensation~~statement. inBasic EPS is computed by dividing net loss available to common shareholders (numerator) by the ~~financial~~weighted ~~statements~~average number of shares outstanding (denominator) during the period. ~~During~~Diluted EPS gives effect to all dilutive potential common shares outstanding during the ~~three~~period ~~months~~using ~~ended~~the ~~March~~treasury ~~31,~~stock ~~2016~~method and convertible preferred stock using the if-converted method. In computing Diluted EPS, ~~there~~the ~~was~~average nostock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock ~~based~~options ~~compensation~~or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

Loss per Common Share-The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.11

11Fair Value of Financial Instruments - ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:

~~Fair~~Level Value of Financial Instruments- ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level ~~1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

~~Level~~The 3following ~~applies~~schedule tosummarizes ~~assets~~the orvaluation ~~liabilities~~of ~~for~~financial ~~which~~instruments ~~there~~at ~~are~~fair ~~unobservable~~value ~~inputs~~on toa ~~the~~recurring ~~valuation~~basis ~~methodology~~in ~~that~~the ~~are~~balance ~~significant~~sheets toas ~~the measurement~~ of ~~the~~June ~~fair~~30, ~~value~~2016 ofand ~~the~~December ~~assets~~31, ~~or liabilities.~~2015:

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2016 and December 31, 2015:


	Fair Value Measurement at June 30, 2016
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

	Fair Value Measurement at December 31, 2015
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

	Fair Value Measurement at March 31, 2016
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-
	Fair Value Measurement at December 31, 2015
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the six months ended June 30, 2016 and 2015

~~There~~Recently ~~were~~Adopted noAccounting ~~transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the three months ended March 31, 2016 and 2015~~Pronouncements

~~Recently~~The ~~Adopted~~Company ~~Accounting~~does ~~Pronouncements~~not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.

~~The~~Item ~~Company~~4. ~~does~~Controls ~~not~~and ~~expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.~~Procedures

~~Item~~Disclosure 4. Controls and Procedures

~~Disclosure~~We ~~Controls~~maintain disclosure controls and ~~Procedures~~procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We ~~maintain~~carried ~~disclosure~~out ~~controls~~an ~~and procedures~~evaluation, asunder ~~defined~~the insupervision ~~Rule~~and ~~13a-15(e)~~with ~~promulgated under~~ the ~~Securities~~participation ~~Exchange Act~~ of ~~1934~~our ~~(the "Exchange Act")~~management, ~~that~~including ~~are~~our ~~designed~~Chief toExecutive ~~ensure~~Officer ~~that~~and ~~information~~Chief ~~required~~Financial toOfficer, beof ~~disclosed~~the byeffectiveness usof in the ~~reports~~design ~~that~~and weoperation ~~file~~of orour ~~submit~~disclosure ~~under~~controls ~~the~~and ~~Exchange~~procedures ~~Act~~as isof ~~recorded,~~June ~~processed~~30, ~~summarized~~2016. ~~and~~Based ~~reported~~on ~~within~~ the ~~time~~evaluation ~~periods~~of ~~specified~~these indisclosure ~~the~~controls ~~Securities~~ and ~~Exchange~~procedures, ~~Commission's~~and ~~rules~~in ~~and~~light ~~forms~~of ~~and~~the ~~that~~material ~~such~~weaknesses ~~information~~found isin ~~accumulated~~our ~~and~~internal ~~communicated~~controls toover ~~our~~financial ~~management~~reporting, ~~including~~ our Chief Executive Officer and Chief Financial Officer, asconcluded ~~appropriate~~that toour ~~allow~~disclosure ~~timely~~controls ~~decisions~~and ~~regarding~~procedures ~~required~~were ~~disclosure~~not effective.

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2016. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.12

12Management’s Report on Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f). The Company’s ~~Report~~internal oncontrol ~~Internal~~over ~~Control~~financial ~~Over~~reporting ~~Financial~~is ~~Reporting~~a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

~~Management~~Because isof ~~responsible~~its ~~for~~inherent ~~establishing~~limitations, ~~and maintaining adequate~~ internal control over financial reporting, asmay ~~defined~~not inprevent ~~Exchange~~or ~~Act~~detect ~~Rule 13a-15(f)~~misstatements. ~~The~~Also, ~~Company’s~~projections ~~internal~~of ~~control~~any ~~over~~evaluation ~~financial~~of ~~reporting~~effectiveness ~~is a process designed~~ to ~~provide~~future ~~reasonable~~periods ~~assurance~~are ~~regarding~~subject to the ~~reliability~~risk ofthat ~~financial~~controls ~~reporting~~may ~~and~~become ~~the~~inadequate ~~preparation~~because of ~~financial~~changes ~~statements for external purposes~~ in ~~accordance~~conditions, ~~with~~or ~~accounting~~that ~~principles~~the ~~generally~~degree ~~accepted~~of incompliance with the ~~United~~policies ~~States~~or ofprocedures ~~America~~may deteriorate.

~~Because~~Under ofthe ~~its~~supervision ~~inherent~~and ~~limitations,~~with ~~internal~~the ~~control~~participation ~~over~~of ~~financial~~management, ~~reporting~~including ~~may~~the ~~not~~Chief ~~prevent~~Executive orOfficer ~~detect~~/Chief ~~misstatements.~~Financial ~~Also~~Officer, ~~projections~~the ofCompany ~~any~~conducted an evaluation of the effectiveness toof ~~future~~the ~~periods~~Company’s ~~are~~internal ~~subject~~control toover ~~the~~financial ~~risk~~reporting ~~that~~as ~~controls~~of ~~may~~June ~~become~~30, ~~inadequate~~2016 ~~because~~using ofthe ~~changes~~criteria established in ~~conditions,~~“ orInternal ~~that~~Control ~~the~~- ~~degree~~Integrated ofFramework ~~compliance~~” ~~with~~issued by the ~~policies~~Committee orof ~~procedures~~Sponsoring ~~may~~Organizations ~~deteriorate~~of the Treadway Commission ("COSO").

~~Under~~A ~~the~~material ~~supervision~~weakness ~~and~~is ~~with~~a ~~the~~deficiency, ~~participation~~or combination of ~~management~~deficiencies, ~~including~~in ~~the~~internal ~~Chief~~control ~~Executive~~over ~~Officer~~financial ~~/Chief~~reporting, ~~Financial~~such ~~Officer,~~that ~~the~~there ~~Company~~is ~~conducted~~a anreasonable ~~evaluation~~possibility ofthat ~~the~~a ~~effectiveness~~material misstatement of the Company’s ~~internal~~annual ~~control~~or ~~over~~interim financial ~~reporting~~statements aswill ofnot ~~March~~be ~~31,~~prevented ~~2016~~or ~~using~~detected ~~the~~on ~~criteria~~a ~~established~~timely inbasis. ~~“Internal~~In ~~Control~~its -assessment ~~Integrated~~of ~~Framework”~~the ~~issued~~effectiveness byof ~~the~~internal ~~Committee~~control ofover ~~Sponsoring~~financial ~~Organizations~~reporting as of June 30, 2016, the ~~Treadway~~Company ~~Commission~~determined ~~("COSO")~~that there were control deficiencies that constituted material weaknesses, as described below.

A1. ~~material~~We ~~weakness~~do isnot ahave ~~deficiency,~~an orAudit ~~combination~~Committee of– ~~deficiencies,~~While innot ~~internal~~being ~~control~~legally ~~over~~obligated ~~financial~~to ~~reporting,~~have ~~such~~an ~~that~~audit ~~there~~committee, it is athe ~~reasonable~~management’s ~~possibility~~view that such a ~~material~~committee, ~~misstatement~~including ofa ~~the~~financial ~~Company’s~~expert ~~annual~~member, oris ~~interim~~an ~~financial~~utmost ~~statements~~important ~~will~~entity ~~not~~level becontrol ~~prevented~~over orthe ~~detected~~Company’s onfinancial ~~a timely basis~~statement. InCurrently ~~its~~the ~~assessment~~Board of Directors acts in the ~~effectiveness~~capacity of ~~internal~~the ~~control~~Audit ~~over~~Committee, ~~financial~~and ~~reporting~~does asnot ofinclude ~~March~~a ~~31,~~member ~~2016,~~that ~~the~~is ~~Company~~considered ~~determined~~to ~~that~~be ~~there~~independent ~~were~~of ~~control~~management ~~deficiencies~~to ~~that~~provide ~~constituted~~the ~~material~~necessary ~~weaknesses,~~oversight asover ~~described~~management’s ~~below~~activities.

12. We dodid not ~~have~~maintain anappropriate ~~Audit~~cash ~~Committee~~controls – ~~While~~As ~~not~~of ~~being~~June ~~legally~~30, ~~obligated~~2016, tothe ~~have~~Company anhas ~~audit~~not ~~committee,~~maintained itsufficient isinternal ~~the~~controls ~~management’s~~over ~~view~~financial ~~that~~reporting ~~such~~for athe ~~committee~~cash process, including afailure ~~financial~~to ~~expert~~segregate ~~member,~~cash ishandling anand ~~utmost~~accounting ~~important~~functions, ~~entity~~and ~~level~~did ~~control~~not ~~over~~require dual signature on the Company’s ~~financial~~bank ~~statement~~accounts. ~~Currently~~Alternatively, the ~~Board~~effects of ~~Directors~~poor ~~acts~~cash incontrols ~~the~~were ~~capacity~~mitigated ofby the ~~Audit~~fact ~~Committee, and does not include a member~~ that isthe ~~considered~~Company tohad belimited ~~independent~~transactions ofin ~~management~~their tobank ~~provide the necessary oversight over management’s activities~~accounts.

23. We did not ~~maintain~~implement appropriate ~~cash~~information technology controls – As of ~~March~~June 3130, 2016, the Company ~~has~~retains ~~not~~copies ~~maintained~~of ~~sufficient~~all ~~internal controls over~~ financial ~~reporting~~data ~~for~~and ~~the~~material ~~cash~~agreements; ~~process,~~however ~~including~~there ~~failure~~is tono ~~segregate~~formal ~~cash~~procedure ~~handling~~or ~~and~~evidence ~~accounting~~of ~~functions,~~normal ~~and~~backup ~~did~~of ~~not require dual signature on~~ the Company’s ~~bank~~data ~~accounts.~~or ~~Alternatively,~~off-site ~~the~~storage ~~effects~~ of ~~poor~~the ~~cash~~data ~~controls~~in ~~were mitigated by~~ the ~~fact~~event ~~that~~of ~~the~~theft, ~~Company~~misplacement, ~~had~~or ~~limited~~loss ~~transactions~~due into ~~their~~unmitigated ~~bank accounts~~factors.

~~3. We did not implement appropriate information technology controls – As of March 31~~Accordingly, ~~2016,~~ the Company ~~retains~~concluded ~~copies~~that ofthese ~~all~~control ~~financial~~deficiencies ~~data~~resulted ~~and~~in ~~material~~a ~~agreements;~~reasonable ~~however~~possibility ~~there~~that isa nomaterial ~~formal~~misstatement ~~procedure or evidence~~ of ~~normal backup of~~ the ~~Company’s~~annual ~~data~~ or ~~off-site~~interim ~~storage~~financial ofstatements ~~the~~will ~~data~~not inbe ~~the~~prevented ~~event~~or ofdetected ~~theft,~~on ~~misplacement,~~a ortimely ~~loss~~basis ~~due~~by tothe ~~unmitigated~~company’s ~~factors~~internal controls.

~~Accordingly,~~As ~~the~~a ~~Company~~result ~~concluded~~of ~~that~~the ~~these~~material ~~control~~weaknesses ~~deficiencies~~described ~~resulted~~above, inmanagement ahas ~~reasonable~~concluded ~~possibility~~ that athe ~~material~~Company ~~misstatement~~did ofnot ~~the~~maintain ~~annual~~effective orinternal ~~interim~~control over financial ~~statements~~reporting ~~will~~as ~~not~~of beJune ~~prevented~~30, or2016 ~~detected~~based on acriteria ~~timely~~established ~~basis~~in byInternal ~~the~~Control—Integrated ~~company’s~~Framework ~~internal~~issued ~~controls~~by COSO.

AsChanges a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of March 31, 2016 based on criteria established in Internal Control~~—Integrated~~ ~~Framework~~over ~~issued~~Financial ~~by COSO.~~Reporting

~~Changes~~There has been no change in ~~Internal~~our ~~Control~~internal control over ~~Financial~~financial ~~Reporting~~reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of June 30, 2016, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~There~~This ~~has~~report ~~been~~does nonot ~~change~~include inan ~~our~~attestation ~~internal~~report ~~control~~of ~~over~~the ~~financial~~Company’s ~~reporting~~registered ~~identified~~public inaccounting ~~connection~~firm ~~with~~regarding ~~our~~internal ~~evaluation~~control weover ~~conducted~~financial ofreporting. ~~the~~Managements ~~effectiveness~~report ofwas ~~our~~not ~~internal~~subject ~~control~~to ~~over~~attestation ~~financial~~by ~~reporting~~the asCompany’s ofregistered ~~March~~public ~~31,~~accounting ~~2016,~~firm ~~that~~pursuant ~~occurred~~to ~~during~~temporary ~~our~~rules ~~fourth~~of ~~fiscal~~the ~~quarter~~SEC that ~~has~~permit ~~materially~~the ~~affected,~~Company ~~or is reasonably likely~~ to ~~materially~~provide ~~affect,~~only ~~our~~management’s ~~internal~~report ~~control~~in ~~over~~this ~~financial reporting~~report.

This report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this report.13

13PART II OTHER INFORMATION

~~PART~~Item II1. ~~OTHER~~Legal ~~INFORMATION~~Proceedings

~~Item~~We 1know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. ~~Legal~~There ~~Proceedings~~are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

WeItem ~~know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation~~2. ~~There~~Unregistered ~~are~~Sales noof ~~proceedings~~Equity inSecurities ~~which~~and ~~any~~Use of ~~our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.~~Proceeds

~~Item 2~~None. ~~Unregistered Sales of Equity Securities and Use of Proceeds~~

~~None~~Item 3. Defaults Upon Senior Securities

~~Item 3~~None. ~~Defaults Upon Senior Securities~~

~~None~~Item 4. Submission of Matters to a Vote of Securities Holders

~~Item 4~~None. ~~Submission of Matters to a Vote of Securities Holders~~

~~None~~Item 5. Other Information

~~Item~~On October 51, 2014, at a special meeting of its shareholders, the Company appointed Mr. ~~Other~~Andrew ~~Information~~Munro to act as its sole officer and director.

~~On October~~Andrew 1Munro, ~~2014~~age 48, at sole director and sole officer. Mr. Munro spent the last 20 years working for Jeld-Wen, the world's largest window and door manufacturer. He started as an office manager and continued in progressively responsible leadership roles until becoming General Manager in 2000. As a ~~special~~General ~~meeting~~Manager, he was responsible for all facets of ~~its~~the ~~shareholders,~~ daily operation of the ~~Company~~ ~~appointed~~business Mrand supervised over 40 individuals. ~~Andrew~~Immediately ~~Munro~~prior to ~~act~~2000, asMr. ~~its~~Munro ~~sole~~was ~~officer~~the ~~and~~assistant ~~director~~General Manager for Jeld-Wen's operations in San Antonio, Texas. Mr. Munro holds a Diploma in Business Administration (Computer Systems) that he earned in 1989 from the BC Institute of Technology.

~~Andrew~~Item ~~Munro, age 48, sole director and sole officer~~6. ~~Mr.~~ Munro spent the last 20 years working for Jeld-Wen, the world's largest window and door manufacturer. He started as an office manager and continued in progressively responsible leadership roles until becoming General Manager in 2000. As a General Manager, he was responsible for all facets of the daily operation of the business and supervised over 40 individuals. Immediately prior to 2000, Mr. Munro was the assistant General Manager for Jeld-Wen's operations in San Antonio, Texas. Mr. Munro holds a Diploma in Business Administration (Computer Systems) that he earned in 1989 from the BC Institute of Technology. Exhibits

Item 6. Exhibits


Exhibit Number		Description

(3)		(i) Articles of Incorporation; (ii) Corporate Charter; and (iii)Bylaws
3.1		Articles of Incorporation**
3.2		Corporate Charter**
3.3		Bylaws **

(31)		Rule 13a-14(a)/15d-14(a) Certifications
31.1*		Section 302 Certification under Sarbanes-Oxley Act of 2002

(32)		Section 1350 Certifications
32.1*		Section 906 Certification under Sarbanes-Oxley Act of 2002

Exhibit Number		Description
(3)		(i) Articles of Incorporation; (ii) Corporate Charter; and (iii)Bylaws
3.1		Articles of Incorporation**
3.2		Corporate Charter**
3.3		Bylaws **
(31)		Rule 13a-14(a)/15d-14(a) Certifications
31.1*		Section 302 Certification under Sarbanes-Oxley Act of 2002
(32)		Section 1350 Certifications
32.1*		Section 906 Certification under Sarbanes-Oxley Act of 2002

* Filed herewith.

** ~~Filed~~Previously ~~herewith~~filed as an exhibit to our Registration Statement on Form SB-1 originally filed with the SEC on February 13, 2007, as amended March 7, 2007 and declared effective March 14, 2007.

** Previously filed as an exhibit to our Registration Statement on Form SB-1 originally filed with the SEC on February 13, 2007, as amended March 7, 2007 and declared effective March 14~~, 2007.~~

14SIGNATURES

~~SIGNATURES~~Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~Pursuant~~MUNRO toDEVELOPMENTS ~~the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized~~INC.

~~MUNRO~~By: ~~DEVELOPMENTS~~/s/ ~~INC.~~Andrew Munro

~~By:~~(Principal ~~/s/~~Executive ~~Andrew~~Officer, ~~Munro~~Principal Financial Officer and Principal Accounting Officer)

~~(Principal~~August ~~Executive Officer~~17, ~~Principal Financial Officer and Principal Accounting Officer)~~ 2016

~~May 17, 2016~~15

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