SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                               FORM 10-QSB
(Mark One)
[X]              ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2006
   OR
[  ]           TRANSITION REPORT PURSUANT TO SECTION 13 OR
               15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the transition period from        to

                      Commission file number 0-31405

                     Crystal Finance Holding Corporation
           (Exact name of registrant as specified in its charter)

              Delaware                             52-2257556
        (State or other jurisdiction of           (I.R.S. Employer
        incorporation or organization)          Identification No.)


                        Three Financial Center
                    900 South Shackleford, Suite 300
                     Little Rock, Arkansas 72211

           (Address of principal executive offices)  (zip code)

                             501/978-1115

     (Registrant's telephone number, including area code)

Check whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act
during the last 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 shell company (as
defined in Rule 12b-2 of the Exchange Act).
                                                         Yes  X     No

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

         Class                        Outstanding at March 31, 2006

Common Stock, par value $0.0001                 1,000,000

Documents incorporated by reference:            None



                   PART I  -- FINANCIAL INFORMATION

                CRYSTAL FINANCE HOLDING CORPORATION
                  (A DEVELOPMENT STAGE COMPANY)
                           BALANCE SHEET
                       AS OF MARCH 31, 2006
                           (Unaudited)
                      -----------------------
                                            ASSETS
                                              ------

TOTAL ASSETS                                  $ --
                                              ======



        LIABILITIES AND STOCKHOLDER'S EQUITY
       ------------------------------------


LIABILITIES                                    $  -

STOCKHOLDER'S EQUITY

Preferred Stock, $.0001 par value,
 50,000,000 shares authorized,
 none issued and outstanding                      -

Common Stock, $.0001 par value,
 500,000,000 shares authorized,
 1,000,000 to be issued                          100

Additional paid-in capital                       535

Deficit accumulated during
    development stage                           (535)

Subscription receivable                         (100)
                                               ------
 Total Stockholder's Equity                       -
                                               ------
TOTAL LIABILITIES AND
  STOCKHOLDER'S EQUITY                         $  -
                                               ======



             See accompanying notes to financial statements
                                    2

<PAGE>

                  CRYSTAL FINANCE HOLDING CORPORATION
                      (A DEVELOPMENT STAGE COMPANY)
                         STATEMENT OF OPERATIONS
                             (Unaudited)
                       -----------------------
<TABLE>
<CAPTION>
                        For the             For the             March 24,
                       3-Months             3-Months            1999
                         Ended               Ended            (Inception)
                      March 31,            March 31,          to March 31,
                          2006                2005              2006

<S>                    <C>                 <C>                 <C>

Income                 $  -                $  -                $  -

Expenses
  Organization
       expense            -                   -                  535
                       -------             -------             -------

   Total expenses         -                   -                  535

                       -------             -------             -------

NET LOSS                  -                  -                  (535)
                       =======             =======             =======
</TABLE>

                See accompanying notes to financial statements
                                       3

<PAGE>


                      CRYSTAL FINANCE HOLDING CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
                STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
                FOR THE PERIOD FROM MARCH 24, 1999 (INCEPTION)
                              TO MARCH 31, 2006
                                  (Unaudited)
                              --------------------
<TABLE>
<CAPTION>

                                                                                       Deficit
                                                                     Sub-              Accumulated
                                                                     scrip-   Addi-    During
                                                  Common Stock       tion     tional   Devel-
                          Common Stock Issued     to be Issued       Receiv-  Paid-In  opment
                          Shares      Amount   Shares       Amount   able     Capital  Stage   Total
---------                 ------      ------   ------       -----    -----    -------  ------  -----
<S>                       <C>          <C>     <C>          <C>      <C>       <C>
Common Stock Issuance     1,000,000    $ 100   1,000,000    $100     $(100)    $ -     $ -     $ -

Fair value of expenses
 contributed                -           -        -            -        -        535      -      535

Common Stock returned    (1,000,000)    (100)    -            -        -         -       -       -

Net loss for the
    years ended:
 December 31, 1999          -           -        -            -        -          -     (535)   (535)
 December 31, 2000          -           -        -            -        -          -       -      -
 December 31, 2001          -           -        -            -        -          -       -      -
 December 31, 2002          -           -        -            -        -          -       -      -
 December 31, 2003          -           -        -            -        -          -       -      -
 December 31, 2004          -           -        -            -        -          -       -      -
 December 31, 2005          -           -        -            -        -          -       -      -
 March 31, 2006             -           -        -            -        -          -       -      -
-----------              ------        -----   ---------     -----    ------     ----    ----   ----
BALANCE AT
 March 31, 2006             -           -      1,000,000     $100     $(100)      535   $(535)  $ -
============             =======       =====   =========     ====     ======      ----  -----   ----
</TABLE>

                    See accompanying notes to financial statements
                                                     4

<PAGE>
<TABLE>
<CAPTION>
                        CRYSTAL FINANCE HOLDING CORPORATION
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENTS OF CASH FLOWS
                                       (Unaudited)
                              ------------------------
                                                                      For The Period
                                                                      From
                               January 1,         January 1,          March 24, 1999
                               2006 to            2005 to             (Inception) to
                               March 31, 2006     March 31, 2005      March 31, 2006
                              -----------         -----------         ------------
<S>                            <C>                <C>                 <C>

CASH FLOWS FROM OPERATING
   ACTIVITIES:

Net loss                        $    -              $   -               $  (535)
Adjustment to reconcile
 net loss to net cash used by
 operating activities

Contributed expenses                 -                  -                   535
                                -------              ------               --------
 Net Cash Used In Operating
       Activities                    -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   INVESTING ACTIVITIES              -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   FINANCING ACTIVITIES:

 Proceeds from issuance of
      common stock                   -                   -                   100

 Redemption of Common Stock       (100)                  -                  (100)
                                -------              -------               --------
     Net Cash Provided By
       Financing Activities       (100)                  -                    -
                                -------              -------               --------
INCREASE IN CASH AND
  CASH EQUIVALENTS                   -                   -                    -

CASH AND CASH  EQUIVALENTS
 - BEGINNING OF PERIOD              100                  100                  -
                                -------               -------             --------
CASH AND CASH EQUIVALENTS
 - END OF PERIOD                  $ -                  $ 100              $   -
===============                 ========               =======            ========
</TABLE>

                    See accompanying notes to financial statements
                                        5
<PAGE>


                        CRYSTAL FINANCE HOLDING CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                           NOTES TO FINANCIAL STATEMENTS
                               AS OF MARCH 31, 2006
                                   ---------------

NOTE 1     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A)   Organization and Business Operations

The financial statements in this report have been prepared by Crystal
Finance HOlding Corporation without audit, pursuant to the rules of the
Securities and Exchange Commission for quarterly reports on Form 10-QSB
and do not include all of the information and note disclosures required
by accounting principles generally accepted in the United States of
America for annual financial statements.  These financial statements
should be read in conjunction with the financial statements and
notes thereto for the year ended December 31, 2005, included in the
Company's Form 10-KSB filed with the Securities and Exchange Commission
on March 30, 2006.

In the opinion of management, information included in this report reflects
all adjustments, consisting of normal, recurring adjustments, necessary
for fair presentation of results for these interim periods.

The results of operation for the three months ended March 31, 2006,
are not necessarily indicative of the results to be expected for the
entire fiscal year ending December 31, 2006.

Crystal Finance Holding Corporation (a development stage company) ("the
Company") was incorporated in Delaware on March 24, 1999 to serve as a
vehicle to effect a merger, exchange of capital stock, asset acquisition
or other business combination with a domestic or foreign private business.

On February 27, 2006, the COmpany formally changed its name from
Crystal Acquisition Corporation to Crystal Finance Holding Corporation.

The Company's ability to commence operations is contingent upon its
ability to identify a prospective target business.

(B) Use of Estimates

The preparation of the financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period.  Actual results could differ from those estimates.

(C) Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all
highly liquid investments purchased with an original maturity of three months
or less to be cash equivalents.

(D) Income Taxes

The Company accounts for income taxes under the Financial Accounting
Standards Board of Financial Accounting Standards No. 109, "Accounting for
Income Taxes" ("Statement 109").  Under Statement 109, deferred tax assets
and liabilities are recognized for the future tax consequences attributable
to differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax basis.  Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected
to be recovered or settled.  Under Statement 109, the effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.  There were no current or deferred
income tax expense or benefits due to the Company not having any material
operations for the years ended December 31, 2005 and 2004 and the three months
ended March 31, 2006 and 2005.


                                 6
<PAGE>

                       CRYSTAL FINANCE HOLDING CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                           NOTES TO FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2006
                              -----------------------

(E) Recent Accounting Pronouncements

In December 2004, the FASB issued SFAS No. 123 (R), "Share-Based Payment".
SFAS No. 123 (R) revises SFAS No. 123, "Accounting for Stock-Based
Compensation" and supersedes APB Opinion No. 25, "Accounting for Stock
Issued to Employees".  SFAS No. 123 (R) focuses primarily on the accounting
for transactions in which an entity obtains employee services in share-based
payment transactions.  SFAS No. 123 (R) requires companies to recognize in
the statement of operations the cost of employee services received in
exchange for awards of equity instruments based on the grant-date fair value
of those awards (with limited exceptions).  SFAS No. 123 (R) is effective as
of the first interim or annual reporting period that begins after June 15,
2005 for non-small business issuers and after December 15, 2005 for small
business issuers.  Accordingly, the Company has adopted SFAS No. 123 (R)
in its first quarter ending March 31, 2006.  The Company has determined
that the provisions of SFAS No. 123 (R) will not have an effect on its
financial statement presentation or disclosures.

In May 2005, the FASB issued SFAS No. 154 that establishes new standards on
accounting for changes in accounting principles.  Pursuant to the new rules,
all such changes must be accounted for by retrospective application to the
financial statements of prior periods unless it is impracticable to do so.
SFAS No. 154 completely replaces Accounting Principles Bulletin (APB) Opinion
20 and SFAS 3, though it carries forward the guidance in those pronouncements
with respect to accounting for changes in estimates, changes in the reporting
entity, and the correction of errors.  This statement is effective for
accounting changes and corrections of errors made in fiscal years beginning
after December 15, 2005.

The adoption of these pronouncements will not have a material effect on
the Company's financial position or results of operations.

                                 7
<PAGE>

                        CRYSTAL FINANCE HOLDING CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                           NOTES TO FINANCIAL STATEMENTS
                                AS OF MARCH 31, 2006
                              -----------------------

NOTE 2    STOCKHOLDER'S EQUITY

(A) Preferred Stock

The Company is authorized to issue 50,000,000 shares of preferred stock at
$.0001 par value, with such designations, voting and other rights and
preferences as may be determined from time to time by the Board of Directors.

(B) Common Stock

The Company is authorized to issue 500,000,000 shares of common stock at
$.0001 par value.

(C) Additional Paid-In Capital

Additional paid-in capital at March 31, 2006 represents the fair value of
the amount of organization and professional costs incurred by related parties
on behalf of the Company.

NOTE 3    CHANGE IN CONTROL

On February 22, 2006, the Company entered into an agreement under which a
change in control would occur.  On February 28, 2006, pursuant to the terms
of the agreement, 1,000,000 shares of the Company's common stock were
redeemed, the sole officer and director of the Company resigned and the
Company elected a new director, President, Treasurer and Secretary.


                                 8


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS


     As reported in the Form 8-K filed by the Company on March 1, 2006, the
Company effected the following transactions:

On February 27, 2006, the Company amended its certificate of incorporation
to change its name to Crystal Finance Holding Corporation and to increase
its capitalization to 500,000,000 common shares and 50,000,000 preferred
shares.


on February 28, 2006, pursuant to the terms of the agreement dated
February 22, 2006, between the Company, Pierce Mill Associates, Inc.
and Twiple Finance Holdings, Inc. the following events occurred:

1.  The 1,000,000 common shares of the Registrant owned by Pierce Mill
      were redeemed.

2.  The sole officer and director of the Registrant resigned.

3.  Michael K. Wooldridge, Esq. was elected director and appointed
        President, Treasurer and Secretary of the Registrant.

Prior Activities of the Company

     The Company was formed to to locate and negotiate with a business
entity for the combination of that target company with the Company. The
Company expected that any combination would take the form of a merger,
stock-for-stock exchange or stock-for-assets exchange
(the "business combination").

     The Company did not restrict its search for any specific kind of
business, and it anticipated that it might acquire a business in its
preliminary or development stage, already in operation, or in essentially
any stage of its business life.

     The Company also anticipated that in implementing a structure for
a particular business acquisition, the Company may become a party to
a merger, consolidation,reorganization, joint venture, or licensing
agreement with another corporation or entity. The Company expected
that a change in control as the type transacted would be the result
of its search.

     There has been no significant business activity other than the
initial development of its future businessp plans.

ITEM 3. CONTROLS AND PROCEDURES

     Pursuant to Rules adopted by the Securities and Exchange Commission
under Section 302(a) of the Sarbanes-Oxley Act of 2002, the
Company carried out an evaluation of the effectiveness of the design and
operation of its disclosure controls and procedures pursuant to Exchange
Act Rule 13a-14.  This evaluation  was done as of the end of the fiscal
period covered by this report under the supervision and
with the participation of the Company's principal executive officer (who
is also the principal financial officer).  There have been no significant
changes in internal controls or in other factors that could significantly
affect internal controls subsequent to the date of the evaluation.  Based
upon that evaluation, he believes that the Company's disclosure controls
and procedures are effective in gathering, analyzing and disclosing
information needed to ensure that the information required to be disclosed
by the Company in its periodic reports is recorded, summarized and processed
timely.  The principal executive officer  is directly involved in the day-
to-day operations of the Company.


                   PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     There are no legal proceedings against the Company and the Company is
unaware of such proceedings contemplated against it.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

     Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     Not applicable.

ITEM 5.  OTHER INFORMATION

               (a)  Not applicable.
               (b)  Item 401(g) of Regulation S-B:

   During the quarter covered by this Report, there have not been any
material changes to the procedures by which security holders may
recommend nominees to the Board of Directors.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)     Exhibits

     31   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 302 of
                    the Sarbanes-Oxley Act of 2002

     32   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 906 of
                    the Sarbanes-Oxley Act of 2002

     (b)  Reports on Form 8-K

     A report on Form 8-K was filed by the Company on March 1, 2006.



                                SIGNATURES

     Pursuant to the requirements 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.

                                 CRYSTAL FINANCE HOLDING CORPORATION

                                 By:   /s/ Michael K. Wooldridge
                                            President

Dated:   May 22, 2006

     Pursuant to the Securities Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.

     NAME                             OFFICE             DATE

   /s/ Michael K. Wooldridge    	Director          May 22, 2006

<PAGE>