UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

[ X ]	Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended January 31, 2010

[ ]	Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period

Commission File Number: 000-52920

Fire From Ice, Inc.

(Exact name of small business issuer as specified in its charter)

Nevada	26-0808384
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

42 Brittanic Crescent, Soveriegn Island, QLD (AU) 4216

(Address of principal executive offices)

(310) 994-7988

(Issuer’s Telephone Number)

Check whether the issuer (1) 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 issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days [X] Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

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

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

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 4,200,000 common shares as of March 19, 2010.

TABLE OF CONTENTS


	PART I: FINANCIAL INFORMATION
		Page

Item 1	Unaudited Financial Statements	F-1
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3	Quantitative and Qualitative Disclosures About Market Risk	5
Item 4T	Controls and Procedures	5

	PART II: OTHER INFORMATION

Item 1	Legal Proceedings	6
Item 1A	Risk Factors	6
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3	Defaults Upon Senior Securities	6
Item 4	Submission of Matters to a Vote of Security Holders	6
Item 5	Other Information	6
Item 6	Exhibits	6

	SIGNATURES	7

PART I: FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited financial statements included in this Form 10-Q are as follows:

F-1	Balance Sheets as of January 31, 2010 (unaudited), and October 31, 2009 (audited);	F-2
F-2	Statements of Operations for the three months ended January 31, 2010 and 2009 and period from inception (August 27, 2007) through January 31, 2010;	F-3
F-3	Statements of Cash Flows for the three months ended January 31, 2010 and 2009 and period from inception (August 27, 2007) through January, 31, 2010;	F-4
F-4	Statement of Stockholders’ Equity (Deficit) for the period from August 27, 2009 (inception) through January 31, 2010;	F-5
F-5	Notes of Financial Statements.	F-6

F-1

Fire From Ice, Inc.,

(A Development Stage Company)

Balance Sheets

As of January 31, 2010 and October 31, 2009

	January 31, 2010 (Unaudited)			October 31, 2009 (Audited)

ASSETS
Cash and equivalents	$	-		$	-

TOTAL ASSETS	$	-		$	-

LIABILITIES
Accounts payable	$	1,800		$	-

TOTAL LIABILITIES		1,800			-

STOCKHOLDERS' EQUITY/(DEFICIT)
Preferred stock, par value $0.001, authorized 10 million shares, none issued or outstanding		-			-
Common stock: $0.001 par value; 90,000,000 shares authorized; 4,200,000 shares issued and outstanding at January 31, 2010 and October 31, 2009		4,200			4,200
Additional paid-in capital		29,619			29,619
Deficit accumulated during the development phase		(35,619	)		(33,819	)
TOTAL STOCKHOLDERS' DEFICIT		(1,800	)		-

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$	-		$	-

The accompanying notes are an integral part of these financial statements.

F-2

Fire from Ice, Inc.,

(A Development Stage Company)

Statements of Operations

For the Three Months Ended January 31, 2010 and 2009 and the Period From

August 27, 2007 (Inception) Through January, 2010

(Unaudited)

	Three Months Ended January 31, 2010			Three Months Ended January 31, 2009			From Inception (August 27, 2007) to January 31, 2010


Revenues	$	-		$	-		$	-

OPERATING EXPENSES
General and administrative expenses		1,800			17			33,977
Interest expense - related party		-			-			1,642

Net operating loss		(1,800	)		(17	)		(35,619	)

NET LOSS	$	(1,800	)	$	(17	)	$	(35,619	)

Net loss per share, basic and fully diluted	$	-		$	-
Weighted average number of shares outstanding		4,200,000			3,000,000

The accompanying notes are an integral part of these financial statements.

F-3

Fire From Ice, Inc.,

(A Development Stage Company)

Statements of Cash Flows

For the Three Months Ended January 31, 2010 and 2009 and the Period From

August 27, 2007 (Inception) Through January 31, 2010

(Unaudited)

	Three Months Ended January 31,
	2010			2009			From Inception (8/27/07) to 1/31/10

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		(1,800	)	$	(17	)	$	(35,619	)
Adjustments to reconcile net loss with cash used in operations:
Interest imputed to related party		-			-			1,642
Stock based compensation		-			-			1,200

Changes in operating assets and liabilities:
Accounts payable and accrued expenses		1,800			-			1,800
Accounts payable - related party					17			-
Prepaid expenses		-			-
Expenses paid by related party		-			-			-
Net cash used in operating activities		-			-			(30,977	)

CASH FLOWS FROM INVESTING ACTIVITIES
		-			-			-
Net cash provided by investing activities		-			-			-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of common stock		-			-			3,000
Expenses paid by shareholder		-			-			27,977
Net cash provided by financing activities		-			-			30,977

NET INCREASE / (DECREASE) IN CASH		-			-			-

Cash at beginning of period		-			-			-
Cash at end of period	$	-		$	-		$	-

SUPPLEMENTAL DISCLOSURES
Cash paid for interest	$	-		$	-		$	-
Cash paid for income taxes		-			-			-

The accompanying notes are an integral part of these financial statements.

F-4

Fire from Ice, Inc.,

(A Development Stage Company)

Statement of Stockholders’ Equity (Deficit)

For the Period From August 27, 2007 (Inception) Through January 31, 2010

(Unaudited)

		Common Stock
	Date	Shares		Amount		Additional Paid In Capital		Deficit Accumulated During the Development Stage			Total Shareholders' Deficit

Balance August 27, 2007			-		-		-		-			-

Shares issued for cash			3,000,000		3,000							3,000

Net loss									(455	)		-


Balances, October 31, 2007			3,000,000	$	3,000	$	-	$	(455	)	$	2,545

Imputed interest on shareholder loan							485					485

Net loss									(18,040	)		(18,040	)

Balances, October 31, 2008			3,000,000		3,000		485		(18,495	)		(15,010	)

Imputed interest on shareholder loan							1,157					1,157
Shares issued for services	06/12/09		1,200,000		1,200							1,200
Forgiveness of related party debt							24,627					24,627
Expenses paid by a related party							3,350					3,350

Net loss									(15,324	)		(15,324	)

Balances, October 31, 2009			4,200,000		4,200		29,619		(33,819	)		-

Net loss, three months ended January 31, 2010									(1,800	)		(1,800	)

Balances, January 31, 2010			4,200,000	$	4,200	$	29,619	$	(35,619	)	$	(1,800	)

The accompanying notes are an integral part of these financial statements.

F-5

Fire from Ice, Inc.,

(A Development Stage Company)

Notes to Financial Statements

January 31, 2010

NOTE 1 – UNAUDITED AND CONDENSED FINANCIAL STATEMENTS

In the opinion of management, the accompanying financial statements includes all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at January 31, 2010 and for all periods presented herein, have been made. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in our audited financial statements for the period ended October 31, 2010, as reported in Form 10-K filed with the SEC.

The accompanying financial statements have been prepared by the Company without audit. In the option of management, all adjustment (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flow at January 31, 2010 and for all periods presented herein, have been made.

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established and ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 3 – SUBSEQUENT EVENTS

There were no reportable subsequent events from January 31, 2010 through the date this report is filed.

F-6

Item 2. Management’s Discussion and analysis of financial condition and results of operations

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objective, and expected operating rules, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,” “expects”, “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue, “will likely result,” and similar expressions. We intend such forward-looking statement to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposed of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future prospects on a consolidated basis include, but are not limited to: change in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filing with the SEC.

Company Overview and Plan of Operation

We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantaged of being a publicly held corporation. Three thousand (3,000) shares of our outstanding stock were first purchased by Mr. Michael Nugent in June 2008, and then the Board issued Mr. Sonny Nugent and Mr. Robert Smith, our new officers and directors, 200,000 and 1,000,000 respectively, on June 16, 2008. Messrs. Nugent and Smith are currently evaluating business opportunities for our company, but have not located anything suitable as of the date of this report. As such, we do not currently engage in any business activities that provide cash flow.

Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business or businesses in the entertainment industries rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific companies or geographical location and, thus, may acquire or merge with any type of business. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury, if any, or with additional money contributed by stockholders, or another source.

During the past 12 months, we also anticipate incurring costs related to filing of Exchange Act reports and costs relating to consummating an acquisition. We believe we will be able to meet these costs through use of fund in our treasury and additional amounts, as necessary, to be loaned to or invested in us by our stockholders, management or other investors.

We may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

-3-

Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable any early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our management anticipated that it will likely be able to effect only one business combination, due primarily to our limited financing, and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

We anticipate that the selection of a business combination will be complex and extremely risky. Because of the general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital that we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation an analysis of such business opportunities extremely difficult and complex.

Management’s Discussion and Analysis or Plan of Operations

The following discussion highlights the principal factors that have affected our financial condition and results of operations as well as our liquidity and capital resources for the periods described. This discussion contains forward-looking statements. Please see “Special cautionary statement concerning forward-looking statements” and “Risk factors” for a discussion of the uncertainties, risks and assumptions associated with these forward-looking statements. The operating results for the periods presented were not significantly affected by inflation.

Results of Operations for the three months ended January 31, 2010, and period from Inception (August 27, 2007) through January 31, 2010.

We did not earn any revenues from inception (August 27, 2007) through January 31, 2010. We recognized a net loss of $1,800 for the three months ended January 31, 2010, and a net loss of $35,619 for the period from Inception through January 31, 2010. Expenses during this period, as expenses will be during the next 12 months and beyond, were comprised of costs related to filing of Exchange Act reports and costs associated with consummating an acquisition.

Liquidity and Capital Resources

As of January 31, 2010, we had no capital resources. We currently do not engage nor intend to engage in any business activities that provide cash flow until we enter into a successful business combination.

Off Balance Sheet Arrangements

As of January 31, 2010, there were no off balance sheet arrangements.

-4-

Going Concern

Our financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. We have had no revenues and have generated no operations.

In order to continue as a going concern and achieve a profitable level of operation, we will need, among other things, additional capital resources and to develop a consistent source of revenues. Management’s plans include seeking a merger with an existing operating company.

Our ability to continue as a going concern is dependent upon our ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements in this report do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

A smaller reporting company is not required to provide the information required by this item.

Item 4T. Controls and Procedures

As of the end of the period covered by this report on Form 10-Q, our Chief Executive Officer and our Chief Financial Officer performed an evaluation of the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) or Rule 15d-15(e) under the Exchange Act. Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that as of the end of the period covered by this report on Form 10-Q, our disclosure controls and procedures were not effective in timely recording, processing, summarizing and reporting material information required to be included in our Exchange Act filings.

Management noted the following material weaknesses:


	1.	As of January 31, 2010, we did not maintain effective controls over the control environment. Specifically we have not developed and effectively communicated to our employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.
	2.	As of January 31, 2010, we did not maintain effective controls over the control environment. Specifically we have not developed and effectively communicated to our employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

Management is currently addressing the material weaknesses identified in its internal controls over financial reporting.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting for that period.

-5-

PART II: OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A: Risk Factors

A smaller reporting company is not required to provide the information required for this item.

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

None

Item 3. Defaults upon Senior Securities

None

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

No matters have been submitted to our security holders for a vote, through the solicitation of proxies or otherwise, during the quarterly period ended January 31, 2010.

Item 5. Other Information

None

Item 6. Exhibits

Exhibit Number	Description of Exhibit

3.1	Amended Articles of Incorporation
3.2	Bylaws(1)
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant Section 302 of the Sarbanes –Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Sections 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Office pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 or the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 or the Sarbanes-Oxley Act of 2002

1 Previously included as a n exhibit to the Registration Statement on Form 10-SB12G filed on November 20, 2007.

-6-

SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fire From Ice, Inc.

Date: March 22, 2010

By: /s/ Michael Nugent

Michael Nugent

Chairman and Chief Executive Officer

Fire From Ice, Inc.

Date: March 22, 2010

By: /s/ Sonny Nugent

Sonny Nugent

Chairman and Chief Executive Officer

Fire From Ice, Inc.

Date: March 22, 2010

By: /s/ Robert Smith

Robert Smith

Corporate Secretary

-7-

Fire From Ice, Inc. 10-Q