U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 2006

                                       OR

              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
               For the transition period from ________ to ________


                              Radale Imports, Inc.
             (Exact name of registrant as specified in its charter)


    Nevada                           000-49708                       33-0684067
    ------                           ---------                       ----------
  (State of                  (Commission File Number)              (IRS Employer
Incorporation)                                                      I.D. Number)

                                 P. O. Box 1990
                            Rancho Santa Fe, CA 92067
                                  858-756-3011
            ---------------------------------------------------------
             (Address and telephone number of registrant's principal
               executive offices and principal place of business)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act  during  the past  twelve  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 [ ]

As of August 8, 2006,  there were 2,138,150  shares of the  Registrant's  Common
Stock, par value $0.001 per share, outstanding.

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

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

<PAGE>

                                TABLE OF CONTENTS
                                                                            Page
                                                                            ----

PART I - FINANCIAL INFORMATION                                                 3

Item 1.  Financial Statements                                                  3

Item 2.  Management's Discussion and Analysis or Plan of Operation             9

Item 3.  Controls and Procedures                                              10

PART II - OTHER INFORMATION                                                   10

Item 1.  Legal Proceedings                                                    10

Item 6.  Exhibits and Reports on Form 8-K                                     11

SIGNATURES                                                                    12




















                                       2
<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements
                                                                            PAGE
                                                                            ----

CONDENSED BALANCE SHEETS
     JUNE 30, 2006 (UNAUDITED) AND MARCH 31, 2006                              4

CONDENSED STATEMENTS OF OPERATIONS THREE MONTHS ENDED
     JUNE 30, 2006 AND 2005 AND PERIOD FROM AUGUST 18, 1995
     (DATE OF INCEPTION) THROUGH JUNE 30, 2006 (UNAUDITED)                     5

CONDENSED STATEMENTS OF CASH FLOWS THREE MONTHS
     ENDED JUNE 30, 2006 AND 2005 AND PERIOD FROM
     AUGUST 18, 1995 (DATE OF INCEPTION) THROUGH
     JUNE 30, 2006(UNAUDITED)                                                  6

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS                            7-8




















                                       3
<PAGE>
<TABLE>
<CAPTION>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                            CONDENSED BALANCE SHEETS
                  JUNE 30, 2006 (UNAUDITED) AND MARCH 31, 2006


                                     ASSETS
                                     ------

                                                                June 30,       March 31,
                                                                  2006           2006
                                                               -----------    -----------
<S>                                                            <C>            <C>
                                                               (Unaudited)

Current assets - cash                                          $      --      $        28

Related party receivables, net of reserve
     for doubtful accounts of $227,286                                --             --
                                                               -----------    -----------

           Total assets                                        $      --      $        28
                                                               ===========    ===========


                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                    ----------------------------------------

Current liabilities:
     Cash overdraft                                            $       121    $      --
     Accounts payable                                               52,350         41,204
     Borrowings under line of credit                                31,849         31,556
     Related party payables                                      1,079,982      1,049,806
                                                               -----------    -----------
           Total liabilities                                     1,164,302      1,122,566
                                                               -----------    -----------


Stockholders' deficiency:
     Preferred stock, $.001 par value; 10,000,000 shares
        authorized; none issued                                       --             --
     Common stock, $.001 par value; 40,000,000 shares
        authorized; 2,138,150 shares issued and outstanding          2,138          2,138
     Additional paid-in capital                                    168,853        168,853
     Deficit accumulated during the development stage           (1,335,293)    (1,293,529)
                                                               -----------    -----------
           Total stockholders' deficiency                       (1,164,302)    (1,122,538)
                                                               -----------    -----------

           Total liabilities and stockholders' deficiency      $      --      $        28
                                                               ===========    ===========
</TABLE>




See Notes to Unaudited Condensed Financial Statements.

                                       4
<PAGE>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF OPERATIONS
                    THREE MONTHS ENDED JUNE 30, 2006 AND 2005
               AND PERIOD FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                              THROUGH JUNE 30, 2006
                                   (Unaudited)


                                        Three Months Ended
                                             June  30,            Cumulative
                                    --------------------------       from
                                        2006           2005        Inception
                                    -----------    -----------    -----------

Operating expenses:
    General and administrative      $    12,723    $    12,774    $   814,565
    Depreciation and amortization         7,698
                                    -----------    -----------    -----------
       Totals                            12,723         12,774        822,263
                                    -----------    -----------    -----------

Loss from operations                    (12,723)       (12,774)      (822,263)
                                    -----------    -----------    -----------

Other (income) expense:
    Interest income                                                   (50,836)
    Interest expense                     29,041         15,733        563,866
                                    -----------    -----------    -----------
       Totals                            29,041         15,733        513,030
                                    -----------    -----------    -----------

Net loss                            $   (41,764)   $   (28,507)   $(1,355,293)
                                    ===========    ===========    ===========

Net loss per common share - basic   $      (.01)   $      (.01)
                                    ===========    ===========

Basic weighted average number of
    common shares                      2,138,150     2,138,150
                                    ============   ===========




See Notes to Unaudited Condensed Financial Statements.

                                       5
<PAGE>
<TABLE>
<CAPTION>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                       CONDENSED STATEMENTS OF CASH FLOWS
                  THREE MONTHS ENDED JUNE 30, 2006 AND 2005 AND
                 PERIOD FROM AUGUST 18, 1995 (DATE OF INCEPTION)
                              THROUGH JUNE 30, 2006
                                   (Unaudited)


                                                                                          Cumulative
                                                                                             from
                                                                2006           2005        Inception
                                                            -----------    -----------    -----------
<S>                                                         <C>            <C>            <C>
Operating activities:
     Net loss                                               $   (41,764)   $   (28,507)   $(1,335,292)
     Adjustments to reconcile net loss to net cash
        used in operating activities:
        Provision for uncollectible related party
           receivables including accrued interest                  --             --          227,286
        Depreciation and amortization                              --             --            7,698
        Common stock issued for services                           --             --           21,191
        Changes in operating assets and liabilities:
           Other assets                                                                        (1,105)
           Accounts payable                                      11,146          5,852         52,350
           Interest receivable from related parties                                           (50,836)
           Interest payable to related parties                   27,676         12,561        544,496
                                                            -----------    -----------    -----------
                Net cash used in operating activities            (2,942)       (10,094)      (534,212)
                                                            -----------    -----------    -----------

Investing activities:
     Purchase of property and equipment                            --             --           (6,593)
     Advances to related parties                                   --             --         (176,450)
                                                            -----------    -----------    -----------
                Net cash used in investing activities              --             --         (183,043)
                                                            -----------    -----------    -----------

Financing activities:
     Net proceeds from loans payable to related party             2,500          3,322        535,486
     Net proceeds from (payment on) line of credit                  293           (123)        31,848
     Proceeds from issuance of common stock                                                   149,800
     Cash overdraft                                                 121            751
                                                            -----------    -----------    -----------
                Net cash provided by financing activities         2,914          3,950        717,134
                                                            -----------    -----------    -----------

Net increase (decrease) in cash                                     (28)        (6,144)          (121)

Cash, beginning of period                                            28         (6,144)          --
                                                            -----------    -----------    -----------

Cash, end of period                                         $      --      $      --      $      (121)
                                                            ===========    ===========    ===========
</TABLE>



See Notes to Unaudited Condensed Financial Statements.

                                       6
<PAGE>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


Note 1 - Unaudited interim financial statements:
          The accompanying  unaudited condensed  financial  statements of Radale
          Imports,  Inc. (the  "Company")  have been prepared in accordance with
          accounting  principles  generally  accepted  in the  United  States of
          America for interim financial information and with the instructions to
          Form 10-QSB.  Accordingly,  they do not include all of the information
          and footnotes required by accounting  principles generally accepted in
          the United States of America for complete financial statements. In the
          opinion of management, all adjustments (consisting of normal recurring
          accruals)  considered  necessary  for a fair  presentation  have  been
          included.  Operating  results for the three months ended June 30, 2006
          are not necessarily indicative of the results that may be expected for
          the year ending  March 31, 2007.  The  unaudited  condensed  financial
          statements  should be read in conjunction  with the audited  financial
          statements and footnotes  thereto  included in the Company's March 31,
          2006 Annual Report on Form 10-KSB.


Note 2 - Business organization and policies:
          Use of estimates:
               The  preparation  of  financial  statements  in  conformity  with
               accounting  principles generally accepted in the United States of
               America  requires  management to make  estimates and  assumptions
               that affect reported amounts and disclosures. Accordingly, actual
               results could differ from those estimates.

          Earnings (loss) per share:
               The Company  follows the  provisions  of  Statement  of Financial
               Accounting Standards No. 128, Earnings per Share ("SFAS 128").

               Basic earnings  (loss) per common share is calculated by dividing
               net income or loss  applicable  to common  shares by the weighted
               average  number of common shares  outstanding  during the period.
               The  calculation of diluted  earnings per common share is similar
               to that of basic earnings per common share,  except that dilutive
               earnings per common share reflects the amount of earnings for the
               period available to each share of common stock outstanding during
               the  reporting  period,  while  giving  effect  to  all  dilutive
               potential common shares that were  outstanding  during the period
               such as  common  shares  that  could  result  from the  potential
               exercise or conversion of securities  and debt into common stock.
               There are potentially no dilutive  common shares  outstanding for
               the three months ended June 30, 2006 and 2005.


                                       7
<PAGE>

                              RADALE IMPORTS, INC.
                          (A Development Stage Company)

                NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


Note 3 - Basis of presentation:
          The accompanying financial statements have been prepared in conformity
          with accounting  principles generally accepted in the United States of
          America  which  contemplate  continuation  of the  Company  as a going
          concern  and  the   realization  of  the  Company's   assets  and  the
          satisfaction of its  liabilities in the normal course of business.  As
          of  June  30,  2006,  the  Company  has  an  accumulated   deficit  of
          $1,335,293,  and a  stockholders'  and working  capital  deficiency of
          $1,164,302.  Management plans to obtain the additional funds to enable
          the Company to continue as a going concern  through the sale of equity
          securities  to  private  investors  pursuant  to a  private  placement
          memorandum.  Due to the Company's  recurring losses and  stockholders'
          deficiency, there can be no assurance that the Company will be able to
          obtain the additional funds, which may impact the Company's ability to
          continue as a going concern. The accompanying  financial statements do
          not  include  any  adjustments   related  to  the  recoverability  and
          classification  of  assets  or  the  amounts  and   classification  of
          liabilities  that might be  necessary  should the Company be unable to
          continue its operations as a going concern.


Note 4 - Related party receivables, net:
          Related  party  receivables  of $227,286  as of June 30, 2006  include
          accrued  interest  of $50,836.  The  receivables  arose from  periodic
          borrowings from the Company by stockholders  and officers.  All unpaid
          amounts  were due no later than March 31, 2001,  and are  currently in
          default.  The repayment of the principal and all accrued  interest has
          been  guaranteed  by  the  Company's  principal   stockholder.   As  a
          consideration  to the  stockholder  for  the  guarantee,  the  debtors
          pledged  their  stock to the  principal  stockholder.  Currently,  the
          Company has not commenced  collection of the  receivables.  Because of
          the  uncertainty  about  the  collectability  of the  receivables,  no
          interest  income was accrued in the three month periods ended June 30,
          2006 and 2005. The total  receivables  including  accrued  interest of
          $227,286  have been  fully  reserved  through a  provision  charged to
          operations in the year ended March 31, 2001.


Note 5 - Related party payables:
          Related party payables as of June 30, 2006 totaled  $1,079,982,  which
          includes  notes payable of $535,486 and accrued  interest of $544,496.
          The notes  bear  interest  with rates  ranging  from 6% to 10% and are
          currently in default.


                                       8
<PAGE>

Item 2.   Management's Discussion and Analysis or Plan of Operation

     The following  discussion and analysis  should be read in conjunction  with
the financial  statements and the accompanying notes thereto for the three-month
period ended June 30, 2006 and are  qualified  in its entirety by the  foregoing
and by more detailed financial  information  appearing  elsewhere.  See "Item 1.
Financial Statements." The discussion includes management's expectations for the
future.

     Such  expressions  of  expectation  are not  historical  in nature  and are
considered   forward-looking  statements  within  the  meaning  of  the  Private
Securities Litigation Reform Act of 1995. Forward-looking statements are subject
to risks  and  uncertainties  that may cause  actual  future  results  to differ
materially from those expressed in any forward-looking statement. Such risks and
uncertainties  are discussed in the Risk Factors section of our Annual Report on
Form 10-KSB. Copies of that filing may be obtained by contacting Anne Ash of our
company  at P. O. Box 1990,  Rancho  Santa Fe, CA  92067,  and  telephone  (858)
756-3011.

Plan of Operation for the Next Twelve Months

     Our  current  business  plan is to seek,  investigate  and,  if  warranted,
acquire  one or more  properties  or  businesses,  and to pursue  other  related
activities  intended to enhance shareholder value. The acquisition of a business
opportunity  may be made by purchase,  merger,  exchange of stock, or otherwise,
and may encompass  assets or a business  entity,  such as a  corporation,  joint
venture or partnership.  We have no capital,  and it is unlikely that we will be
able to take advantage of more than one such business opportunity.  We intend to
seek opportunities demonstrating the potential of long-term growth as opposed to
short-term earnings.

     As part  of this  plan,  we have  reincorporated  in  Nevada  in  order  to
facilitate such  acquisitions.  California law, under which we were incorporated
and were governed,  contains several  provisions of Blue Sky and corporation law
that make a California-incorporated  company less attractive for merger purposes
than a corporation incorporated elsewhere,  including Nevada. Regulations of the
Securities and Exchange Commission still require certain filings under the proxy
rules,  which  filings  represent at least a 30-day delay in  effectuating  such
acquisitions.

     We are in the  development  stage and, since  inception,  have  experienced
significant  liquidity  problems and have no capital  resources or stockholders'
equity. We have no cash or other assets and liabilities of $1,164,302.

     We propose to carry out our plan of business as discussed  above. We cannot
predict to what extent its lack of liquidity and capital  resources  will impair
the  consummation  of a business  combination  or whether we will incur  further
operating losses through any business entity, which we may eventually acquire.

     For the current fiscal year, we anticipate  incurring a loss as a result of
legal and accounting  expenses,  expenses associated with registration under the
Securities  Exchange Act of 1934,  and  expenses  associated  with  locating and
evaluating  acquisition   candidates.   We  anticipate  that  until  a  business


                                       9
<PAGE>

combination  is completed with an  acquisition  candidate,  it will not generate
revenues other than interest income, and may continue to operate at a loss after
completing  a  business  combination,  depending  upon  the  performance  of the
acquired business.

Need for Additional Financing
-----------------------------

     We do not have  capital  sufficient  to meet our cash needs during the next
twelve months,  including the costs of compliance with the continuing  reporting
requirements of the Securities  Exchange Act of 1934. We will have to seek loans
or equity  placements to cover such cash needs.  Due to our recurring losses and
stockholders'  deficiency,  there  can be no  assurance  that we will be able to
obtain the additional funds, which may impact our ability to continue as a going
concern.  The accompanying  financial  statements do not include any adjustments
related to the  recoverability  and  classification of assets or the amounts and
classification  of  liabilities  that might be necessary  should we be unable to
continue  operations as a going concern.  In the event we are able to complete a
business  combination  during this period, the lack of existing capital may be a
sufficient  impediment to prevent us from accomplishing the goal of completing a
business combination. There is no assurance, however, that without funds we will
ultimately  be  able  to  complete  a  business  combination.  Once  a  business
combination  is  completed,  our needs for  additional  financing  are likely to
increase substantially.

     No commitments to provide  additional funds have been made by management or
other stockholders.  Accordingly,  there can be no assurance that any additional
funds will be available to the Company to allow it to cover its expenses as they
may be incurred.

     Irrespective  of whether our cash assets prove to be inadequate to meet our
operational  needs,  we  might  seek to  compensate  providers  of  services  by
issuances of stock in lieu of cash.

Item 3.   Controls and Procedures

     Evaluation of disclosure  controls and procedures.  The Company carried out
an evaluation, under the supervision and with the participation of the Company's
management,  including the Company's Chief Executive Officer and Chief Financial
Officer,  of the  effectiveness  of the design and  operation  of the  Company's
disclosure  controls and  procedures as of the end of the period covered by this
report.  Based  upon that  evaluation,  the Chief  Executive  Officer  and Chief
Financial  Officer  concluded  that  the  Company's   disclosure   controls  and
procedures  provide  reasonable  assurances  that the information the Company is
required to disclose  in the  reports it files or submits  under the  Securities
Exchange Act of 1934 is recorded, processed,  summarized and reported within the
time  period  required  by the  Commission's  rules  and  forms.  There  were no
significant  changes in the Company's internal control over financial  reporting
during the period covered by this report that have materially  affected,  or are
reasonably  likely to materially  affect our internal  controls  over  financial
reporting.


                                       10
<PAGE>

                           PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

     We are not,  and none of our  property  is,  a party to any  pending  legal
proceedings, and no such proceedings are known to be contemplated.

     No director, officer or affiliate of the Company, and no owner of record or
beneficial  owner of more than 5.0% of the  securities  of the  Company,  or any
associate of any such director, officer or security holder is a party adverse to
the Company or has a material  interest  adverse to the Company in  reference to
any litigation.

Item 6.   Exhibits and Reports on Form 8-K

(a)  Exhibits

     The following exhibits are filed, by incorporation by reference, as part of
this Form 10-QSB:

Exhibit
Number    Description of Exhibit
------    ----------------------

  2       Plan of Merger between Radale Imports, Inc. (a California corporation)
          and Radale Imports, Inc. (a Nevada corporation)+

  3       Amended and Restated Articles of Incorporation*

  3.1     Bylaws*

  3.2     Articles  of   Incorporation   of  Radale  Imports,   Inc.,  a  Nevada
          corporation+

  3.3     Bylaws of Radale Imports, Inc., a Nevada corporation+

  3.4     Articles of Merger  (Pursuant  to NRS  92A.200)  which  merges  Radale
          Imports, Inc., a California corporation, with and into Radale Imports,
          Inc.,  a Nevada  corporation  with the  Nevada  corporation  being the
          surviving entity++

 14       Code of Ethics for CEO and Senior Financial Officers**

 16       Letter of January 14, 2005 from J.H. Cohn LLP to the SEC regarding its
          concurrence or  disagreement  with the statements made in Item 4.01 of
          Form 8-K Current Report December 1, 2004***

 31       Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 302 of the  Sarbanes-Oxley Act of
          2002.


                                       11
<PAGE>

 31.1     Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 302 of the  Sarbanes-Oxley Act of
          2002.

 32       Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002.

 32.1     Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002.


     *Previously  filed  with  Form  10-SB  Commission  file  number  000-49708;
     incorporated herein.

     **Previously  filed with Form 10-KSB FYE  03-31-04  Commission  file number
     000-49708; incorporated herein.

     ***Previously   filed  with  Form  8-K  Current  Report  December  1,  2004
     Commission file number 000-49708; incorporated herein.

     +Previously  filed with Form  10-KSB FYE  03-31-05  Commission  file number
     000-49708; incorporated herein.

     ++Previously  filed with Form 8-K Current Report August 4, 2006  Commission
     file number 000-49708; incorporated herein.

(b)  Forms 8-K

     Form 8-K  August 4,  2006,  Item 8.01  Other  Events,  Commission  File No.
000-49708, filed August 9, 2006.

                                   SIGNATURES

     Pursuant to the  requirements  of the Exchange Act of 1934,  the Registrant
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.

Date:  August 10, 2006                  Radale Imports, Inc.



                                        By /s/ Lee D. Dodson
                                          --------------------------------------
                                          Lee D. Dodson, Chief Executive Officer





                                       12