**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**Commission      File Number: 333-116324**

**ROTOBLOCK      CORPORATION**

**Nevada                                **

**                                                     20-08987999**

**300      B Street**

**Santa      Rosa, California 95401  (707) 578-5220**

**None**

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                        |   | **As                at 31****October                2006** |   | **As                at 30 April 2006****(Audited)** |
|-----------------------------------------------------------------------------|--------|------------------------------------------------------------|--------|-----------------------------------------------------|
|                                                                        |   | **$**                                                      |   | **$**                                               |
| **Assets**                                                                  |   |                                                       |   |                                                |
|                                                                        |   |                                                       |   |                                                |
| **Current**                                                                 |   |                                                       |   |                                                |
| Cash                and cash equivalents                                    |   | 4,226                                                      |   | 1,884                                               |
| Accounts                receivable                                          |   | 198                                                        |   | 686                                                 |
| Prepaid                expenses                                             |   | 126,558                                                    |   | 266,546                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 130,982                                                    |   | 269,116                                             |
|                                                                        |   |                                                       |   |                                                |
| **Patents**(Note                3)                                          |   | 108,745                                                    |   | 108,745                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 239,727                                                    |   | 377,861                                             |
| **Liabilities**                                                             |   |                                                       |   |                                                |
|                                                                        |   |                                                       |   |                                                |
| **Current**                                                                 |   |                                                       |   |                                                |
| Accounts                payable and accrued liabilities (Note 4)            |   | 28,270                                                     |   | 27,482                                              |
| Due                to related party (Note 6)                                |   | 597                                                        |   | 597                                                 |
| Interest                payable                                             |   | 11,705                                                     |   | 11,705                                              |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 40,572                                                     |   | 39,784                                              |
|                                                                        |   |                                                       |   |                                                |
| **Stockholders’                equity**                               |   |                                                       |   |                                                |
| **Capital                stock**                (Note 8)                    |   |                                                       |   |                                                |
| Authorized                                                                  |   |                                                       |   |                                                |
| 75,000,000                common shares, par value $0.001                   |   |                                                       |   |                                                |
| Issued                and outstanding                                       |   |                                                       |   |                                                |
| 31                October 2006 - 29,008,470 common shares, par value $0.001 |   |                                                       |   |                                                |
| 30                April 2006 - 28,617,338 common shares, par value $0.001   |   | 29,008                                                     |   | 28,617                                              |
| **Additional                paid-in capital**                               |   | 3,613,723                                                  |   | 3,495,746                                           |
| **Accumulated                comprehensive loss**                           |   | (4,246)                                                    |   | (4,253)                                             |
| **Deficit,                accumulated during the development stage**        |   | (3,439,330)                                                |   | (3,182,033)                                         |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 199,155                                                    |   | 338,077                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 239,727                                                    |   | 377,861                                             |

**Nature      and Continuance of Operations **
**Commitments      **
**Subsequent      Events **

**On      behalf of the Board:**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                                            |   | **For                the period from the date of inception on 2 September 2003 to 31 October                2006** |   | **For                the three month period ended 31 October 2006** |   | **For                the three month period ended 31 October 2005** |   |    **For                the six month period ended 31 October 2006** |   |    **For                the six month period ended 31 October 2005** |
|-----------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                                                                                            |   | **$**                                                                                                              |   | **$**                                                               |   | **$**                                                               |   | **$**                                                                               |   | **$**                                                                               |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Expenses**                                                                                                    |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| General                and administrative (Schedule 1)                                                          |   |  3,252,118                                                                                                    |   | 117,802                                                             |   | 2,019,281                                                           |   |  257,297                                                                       |   |  2,106,713                                                                     |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Net                loss before other items**                                                                  |   | (3,252,118)                                                                                                        |   | (117,802)                                                           |   | (2,019,281)                                                         |   | (257,297)                                                                           |   | (2,106,713)                                                                         |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Other                items**                                                                                  |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| Excess                of consideration over net assets purchased from Rotoblock Inc. (Note                1)    |   |   (138)                                                                                                  |   | -                                                                   |   | -                                                                   |   |   -                                                                       |   |   -                                                                       |
| Write-off                of property and equipment                                                              |   |  (9,870)                                                                                                      |   | -                                                                   |   | (9,893)                                                             |   |  -                                                                             |   |  (9,893)                                                                       |
| Write-off                of related party receivable                                                            |   |  (177,204)                                                                                                    |   | -                                                                   |   | -                                                                   |   |  -                                                                             |   |  -                                                                             |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Loss                for the period**                                                                          |   | (3,439,330)                                                                                                        |   | (117,802)                                                           |   | (2,029,174)                                                         |   | (257,297)                                                                           |   | (2,116,606)                                                                         |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Basic                and diluted loss per common share**                                                      |   |                                                                                                               |   | (0.004)                                                             |   | (0.076)                                                             |   |   (0.009)                                                                 |   |   (0.082)                                                                 |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
|  **Weighted                average number of common shares used in per share                calculations** |   |                                                                                                               |   | 28,945,209                                                          |   | 26,402,675                                                          |   |    28,857,720                                                        |   |    25,701,337                                                        |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss**                                                                           |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| Loss                for the period                                                                              |   | (3,439,330)                                                                                                        |   | (117,802)                                                           |   | (2,029,174)                                                         |   | (257,297)                                                                           |   | (2,116,606)                                                                         |
| Foreign                currency translation adjustment                                                          |   |  (4,246)                                                                                                      |   | 7                                                                   |   | (2,172)                                                             |   |  7                                                                             |   |  (4,095)                                                                       |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss**                                                                           |   | (3,443,576)                                                                                                        |   | (117,795)                                                           |   | (2,031,346)                                                         |   | (257,290)                                                                           |   | (2,120,701)                                                                         |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss per common share**                                                          |   |                                                                                                               |   | (0.004)                                                             |   | (0.077)                                                             |   |  (0.009)                                                                       |   |  (0.083)                                                                       |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                  | **For                the period from the date of inception on 2 September 2003 to****31                October 2006** | **For                the****six****month                period ended****31                October 2006** | **For                the****six****month                period ended****31                October****2005** |
|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                                                  | **$**                                                                                                    |                                                                                                        | **$** |   | **$** |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Cash                flows from operating activities**                               |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| Loss                for the period                                                    |                                                                                                                  | (3,439,192)                                                                                              |                                                                                                        | (257,297) |   | (2,116,606) |
| Adjustments                to reconcile loss to net cash used by operating activities |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| Contributions                to capital by related party - expenses (Notes 7 and 11)  |                                                                                                                  | 50,000                                                                                                   |                                                                                                        | 50,000 |   | - |
| Depreciation                                                                          |                                                                                                                  | 3,968                                                                                                    |                                                                                                        | - |   | 1,021 |
| Non-cash                interest                                                      |                                                                                                                  | 11,705                                                                                                   |                                                                                                        | - |   | - |
| Shares                issued for services (Notes 7, 8 and 11)                         |                                                                                                                  | 673,056                                                                                                  |                                                                                                        | 184,356 |   | 483,959 |
| Stock-based                compensation (Notes 8 and 11)                              |                                                                                                                  | 1,901,177                                                                                                |                                                                                                        | - |   | 1,503,362 |
| Write-off                of property and equipment                                    |                                                                                                                  | 9,870                                                                                                    |                                                                                                        | - |   | 9,893 |
| Write-off                of related party receivable (Notes 7, 8 and 11)              |                                                                                                                  | 177,204                                                                                                  |                                                                                                        | - |   | - |
| Changes                in operating assets and liabilities                            |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| (Increase)                decrease in accounts receivable                             |                                                                                                                  | (198)                                                                                                    |                                                                                                        | 488 |   | (2,256) |
| (Increase)                decrease in prepaid expenses                                |                                                                                                                  | (1,369)                                                                                                  |                                                                                                        | - |   | 10,450 |
| Increase                (decrease) in accounts payable and accrued liabilities        |                                                                                                                  | 28,270                                                                                                   |                                                                                                        | 788 |   | (97) |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
|                                                                                  |                                                                                                                  | (585,509)                                                                                                |                                                                                                        | (21,665) |   | (110,274) |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Cash                flows from investing activities**                               |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| Purchase                of equipment                                                  |                                                                                                                  | (13,838)                                                                                                 |                                                                                                        | - |   | - |
| Purchase                of net assets                                                 |                                                                                                                  | (138)                                                                                                    |                                                                                                        | - |   | - |
| Purchase                of patents                                                    |                                                                                                                  | (108,745)                                                                                                |                                                                                                        | - |   | - |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
|                                                                                  |                                                                                                                  | (122,721)                                                                                                |                                                                                                        | - |   | - |
| **Cash                flows from financing activities**                               |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| Common                shares issued for cash                                          |                                                                                                                  | 706,105                                                                                                  |                                                                                                        | 24,000 |   | 100,000 |
| Warrants                exercised                                                     |                                                                                                                  | 10,000                                                                                                   |                                                                                                        | - |   | - |
| Advances                payable                                                       |                                                                                                                  | -                                                                                                        |                                                                                                        | - |   | 1,637 |
| Increase                (decrease) in due to related party                            |                                                                                                                  | 597                                                                                                      |                                                                                                        | - |   | (34,585) |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
|                                                                                  |                                                                                                                  | 716,702                                                                                                  |                                                                                                        | 24,000 |   | 67,052 |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Foreign                exchange effect on cash**                                    |                                                                                                                  | (4,246)                                                                                                  |                                                                                                        | 7 |   | (4,095) |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Increase                (decrease) in cash and cash equivalents**                   |                                                                                                                  | 4,226                                                                                                    |                                                                                                        | 2,342 |   | (47,317) |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Cash                and cash equivalents, beginning of period**                     |                                                                                                                  | -                                                                                                        |                                                                                                        | 1,884 |   | 51,860 |
|                                                                                  |                                                                                                                  |                                                                                                     |                                                                                                        |   |   |   |
| **Cash                and cash equivalents, end of period**                           |                                                                                                                  | 4,226                                                                                                    |                                                                                                        | 4,226 |   | 4,543 |

**Supplemental      Disclosures with Respect to Cash Flows **

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                                                                                       | **Number                of shares issued** | **Capital****stock** | **Additional                Paid-in capital** | **Accumulated                comprehensive loss** | **Deficit                accumulated during the development stage** | **Stockholders’                equity** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|----------------------|-----------------------------------------------|---------------------------------------------------|---------------------------------------------------------------------|-----------------------------------------------|
|                                                                                                                                                       |                                       |                 |                                          | **$**                                             |                                                                | **$**                                         |   | **$** |   | **$** |   | **$** |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 2 September 2003**                                                                                                             |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| Shares                issued for cash                                                                                                                      |                                       | 7,000,000            |                                          | -                                                 |                                                                | 534                                           |   | - |   | - |   | 534 |
| Shares                issued for cash                                                                                                                      |                                       | 200,000              |                                          | -                                                 |                                                                | 38,130                                        |   | - |   | - |   | 38,130 |
| Adjustment                to number of shares issued as a result of the acquisition of net                assets of                Rotoblock Inc. (Note 1) |                                       | (7,200,000)          |                                          | -                                                 |                                                                | -                                             |   | - |   | - |   | - |
| Shares                issued in connection with the acquisition of net assets of Rotoblock                Inc.                (Note 1)                     |                                       | 15,000,000           |                                          | 15,000                                            |                                                                | (15,000)                                      |   | - |   | - |   | - |
| Excess                of consideration over net assets purchased from Rotoblock Inc. (Note                1)                                               |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (138) |   | (138) |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (1,918) |   | - |   | (1,918) |
| Net                loss for the period                                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (108,443) |   | (108,443) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2004**                                                                                                                |                                       | 15,000,000           |                                          | 15,000                                            |                                                                | 23,664                                        |   | (1,918) |   | (108,581) |   | (71,835) |
| Shares                issued for cash ($0.05 per share)                                                                                                    |                                       | 10,000,000           |                                          | 10,000                                            |                                                                | 490,000                                       |   | - |   | - |   | 500,000 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (1,385) |   | - |   | (1,385) |
| Net                loss for the year                                                                                                                       |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (306,193) |   | (306,193) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2005**                                                                                                                |                                       | 25,000,000           |                                          | 25,000                                            |                                                                | 513,664                                       |   | (3,303) |   | (414,774) |   | 120,587 |
| Shares                issued for cash ($0.26 per share) (Note 8)                                                                                           |                                       | 548,160              |                                          | 548                                               |                                                                | 142,893                                       |   | - |   | - |   | 143,441 |
| Shares                issued for services rendered ($0.31 per share) (Note 8)                                                                              |                                       | 2,418,130            |                                          | 2,418                                             |                                                                | 751,459                                       |   | - |   | - |   | 753,877 |
| Shares                issued for inventory ($0.29 per share) (Note 8)                                                                                      |                                       | 611,048              |                                          | 611                                               |                                                                | 176,593                                       |   | - |   | - |   | 177,204 |
| Warrants                exercised ($0.25 per share) (Note 8)                                                                                               |                                       | 40,000               |                                          | 40                                                |                                                                | 9,960                                         |   | - |   | - |   | 10,000 |
| Stock-based                compensation (Note 8)                                                                                                           |                                       | -                    |                                          | -                                                 |                                                                | 1,901,177                                     |   | - |   | - |   | 1,901,177 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (950) |   | - |   | (950) |
| Net                loss for the year                                                                                                                       |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (2,767,259) |   | (2,767,259) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2006**                                                                                                                |                                       | 28,617,338           |                                          | 28,617                                            |                                                                | 3,495,746                                     |   | (4,253) |   | (3,182,033) |   | 338,077 |
| Shares                issued for cash ($0.21 per share) (Note 8)                                                                                           |                                       | 114,286              |                                          | 114                                               |                                                                | 23,886                                        |   | - |   | - |   | 24,000 |
| Shares                issued for services rendered ($0.16 per share) (Note 8)                                                                              |                                       | 276,846              |                                          | 277                                               |                                                                | 44,091                                        |   | - |   | - |   | 44,368 |
| Contribution                to capital by related parties - services (Notes 7 and 11)                                                                      |                                       | -                    |                                          | -                                                 |                                                                | 50,000                                        |   | - |   | - |   | 50,000 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | 7 |   | - |   | 7 |
| Net                loss for the period                                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (257,297) |   | (257,297) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 31 October 2006**                                                                                                              |                                       | 29,008,470           |                                          | 29,008                                            |                                                                | 3,613,723                                     |   | (4,246) |   | (3,439,330) |   | 199,155 |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                        | **For                the period from the date of inception on 2 September 2003 to****31                October 2006** | **For                the three month period ended 31 October 2006** | **For                the three month period ended 31 October 2005** | **For                the six month period ended 31 October 2006** | **For                the six month period ended 31 October 2005** |
|-------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|
|                                                        |                                                                                                                  | **$**                                                               |                                                                | **$**                                                             |                                                              | **$** |   | **$** |   | **$** |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                              |                                                              |   |   |   |   |   |
| Consulting                fees (Notes 8 and 11)             |                                                                                                                  | 408,743                                                             |                                                                | 30,769                                                            |                                                              | 425,248 |   | 63,226 |   | 430,248 |
| Depreciation                                                |                                                                                                                  | 3,968                                                               |                                                                | -                                                                 |                                                              | 290 |   | - |   | 1,021 |
| Foreign                exchange (gain) loss                 |                                                                                                                  | 1,545                                                               |                                                                | -                                                                 |                                                              | 1,173 |   | 195 |   | 1,173 |
| Interest                                                    |                                                                                                                  | 15,463                                                              |                                                                | 123                                                               |                                                              | 338 |   | 259 |   | 538 |
| Investor                relations                           |                                                                                                                  | 143,878                                                             |                                                                | 8,897                                                             |                                                              | 34,846 |   | 45,358 |   | 46,554 |
| Listing,                filing and transfer agent fees      |                                                                                                                  | 25,658                                                              |                                                                | 2,200                                                             |                                                              | 1,853 |   | 4,369 |   | 4,019 |
| Management                fees (Notes 7 and 11)             |                                                                                                                  | 50,000                                                              |                                                                | 25,000                                                            |                                                              | - |   | 50,000 |   | - |
| Office                and sundry                            |                                                                                                                  | 41,866                                                              |                                                                | 1,290                                                             |                                                              | 5,664 |   | 4,151 |   | 10,947 |
| Professional                fees                            |                                                                                                                  | 141,023                                                             |                                                                | 7,826                                                             |                                                              | 25,091 |   | 19,155 |   | 35,722 |
| Public                relations and shareholder information |                                                                                                                  | 100,561                                                             |                                                                | 35,461                                                            |                                                              | - |   | 56,331 |   | - |
| Rent                                                        |                                                                                                                  | 63,816                                                              |                                                                | 6,236                                                             |                                                              | 5,381 |   | 12,472 |   | 10,845 |
| Research                and development                     |                                                                                                                  | 314,262                                                             |                                                                | -                                                                 |                                                              | 7,866 |   | 424 |   | 47,552 |
| Stock-based                compensation                     |                                                                                                                  | 1,901,177                                                           |                                                                | -                                                                 |                                                              | 1,503,362 |   | - |   | 1,503,362 |
| Travel                and entertainment                     |                                                                                                                  | 40,158                                                              |                                                                | -                                                                 |                                                              | 8,169 |   | 1,357 |   | 14,732 |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                              |                                                              |   |   |   |   |   |
|                                                        |                                                                                                                  | 3,252,118                                                           |                                                                | 117,802                                                           |                                                              | 2,019,281 |   | 257,297 |   | 2,106,713 |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| **1.  ** | **Nature              and Continuance of Operations** |
|--------------------|-------------------------------------------------------|

*Accounting      and Reporting by Development Stage Enterprises*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| **2.  ** | **Significant              Accounting Policies** |
|--------------------|--------------------------------------------------|

**Basis      of presentation**

**Basis      of Consolidation**

**Fiscal      Period**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**Risks      and Uncertainties **

**Cash      and cash equivalents**

**Financial      instruments**

**Concentrations      and Credit Risk**

**Derivative      financial instruments**

**Income      taxes**

*Accounting      for Income Taxes*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**Basic      and diluted net loss per share**

*Earnings      per Share*

**Comprehensive      loss**

*Reporting      Comprehensive Income*

**Long      lived assets**

*Accounting      for the Impairment or Disposal of Long-Lived Assets*

**Segments      of an enterprise and related information**

*Disclosures      about Segments of an Enterprise and Related Information*
*Financial      Reporting for Segments of a Business Enterprise*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**Foreign      currency translation**

*Foreign      Currency Translation*

**Stock-Based      Compensation**

*Share-Based      Payment*
*Accounting      for Stock Issued to Employees,*
*Accounting      for Stock-Based Compensation.*
*Accounting      for Equity Instruments That Are Issued to Other Than Employees for Acquiring,      or      in Conjunction with Selling, Goods or Services*

**Research      and Development**

**Patents**

*Goodwill      and Other Intangible Assets*
*Accounting      for the Impairment of Long-Lived Assets*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**Use      of estimates**

**Recent      accounting pronouncements**

*Accounting      for Servicing of Financial Assets*

----

****Rotoblock        Corporation****

****(A        Development Stage Company)****

**Notes        to        Consolidated Financial Statements**

**(Expressed        in U.S. Dollars)**

**(Unaudited)**

****31        October 2006****

*Accounting      for Certain Hybrid Financial Instruments*
*Accounting      for Derivative Instruments and Hedging Activities*
*Accounting      for Transfers and Servicing of Financial Assets and Extinguishments of      Liabilities*

**Comparative      figures**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| **3.  ** | **Patents** |
|--------------------|-------------|

|                                    |   | **Balance                at 31 October 2006** |   | **Balance                at 30 April 2006** |
|-----------------------------------------|--------|-----------------------------------------------|--------|---------------------------------------------|
|                                    |   | **$**                                         |   | **$**                                       |
| Patent                costs to date     |   | 108,745                                       |   | 108,745                                     |
| Accumulated                depreciation |   | -                                             |   | -                                           |
|                                    |   |                                          |   |                                        |
|                                    |   | 108,745                                       |   | 108,745                                     |

| **4.  ** | **Accounts              Payable and Accrued Liabilities**  |
|--------------------|-----------------------------------------------------------------|

| **5.  ** | **Joint              Venture Agreements** |
|--------------------|-------------------------------------------|

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| i)   | keep              the OPE patents in good standing and ensure that maintenance fees are              paid              in a timely manner (Note 3); and |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii)   | exercise              the Option for all patents on or before 31 May 2007 or negotiate an              extension. |
|-----------------|-------------------------------------------------------------------------------------------------------------------|

| **6.  ** | **Due              to Related Part****y** |
|--------------------|-------------------------------------------|

| **7.  ** | **Related              Party Transactions**** ** |
|--------------------|-------------------------------------------------------|

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| **8.  ** | **Capital              Stock**** ** |
|--------------------|------------------------------------------|

| i.   | During              the year ended 30 April 2004, the Company issued 15,000,000 common              shares              pursuant to the acquisition of the net assets of Rotoblock Inc. (Note              1).              Theses shares are restricted from trading as defined in Rule 144 of              the              United States Securities Act of 1933. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | During              the year ended 30 April 2005, the Company issued 10,000,000 units at              a              price of $0.05 per unit. Each unit consists of one common share and              one-half common share purchase warrant. Each whole common share purchase              warrant entitles the holder to purchase an additional common share              at a              price of $0.50 per share for a period of two years from the date of              offering. As at 31 October 2006, 5,000,000 share purchase warrants              in this              series remain outstanding. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii.   | During              the year ended 30 April 2006, the Company issued 548,160 common shares              valued at prices in the range of $0.14 and $0.36 per share for total              cash              proceeds of $143,411. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iv.   | During              the year ended 30 April 2006, the Company issued 40,000 common shares              at a              price of $0.25 per share upon the exercise of previously outstanding              share              purchase warrants. As at 31 October 2006, 2,960,000 share purchase              warrants in this series remain              outstanding. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| v.   | During              the year ended 30 April 2006, the Company issued 611,048 common shares              valued at a price of $0.29 per share for the acquisition of inventory              (Note 7). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| vi.   | During              the year ended 30 April 2006, the Company issued 2,418,130 common shares              for services valued at $753,877. Of this amount, $150,793 was expensed              during the period ended 31 October 2006 (31 October 2005 - $483,959;              Cumulative - $639,493) and the remaining $114,384 was classified as              prepaid expense which will be expensed as the services are received              in              subsequent periods. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| vii.   | During              the six month period ended 31 October 2006, the Company issued 33,333              common shares for legal services valued at $5,000. Of this amount,              $405              was expensed during the period, and the remaining $4,595 was classified              as              prepaid expense which will be expensed as the legal services are received              in subsequent periods. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| viii.   | During              the six month period ended 31 October 2006, the Company issued 69,000              common shares valued at $6,210. Of this amount, $Nil was expensed during              the period, and the remaining $6,210 was classified as prepaid expense              which will be expensed as the services are received in subsequent              periods. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ix.   | During              the six month period ended 31 October 2006, the Company issued 114,286              restricted common shares at a price of $0.21 per share. These shares              are              restricted from trading for a period of one year as defined by Rule              144 of              the United States Securities Act of 1933. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| x.   | During              the six month period ended 31 October 2006, the Company issued 24,513              common shares at a price of $0.19 per share for consulting              services. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xi.   | During              the six month period ended 31 October 2006, the Company issued 150,000              common shares at a price of $0.19 per share for marketing              services. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Date                Issued**   |   | **Number****of                shares** |   | **Price** |   | **Price****per                share** | **Service**                       |
|----------------------------------|--------|----------------------------------------|--------|-----------|--------|---------------------------------------|-----------------------------------|
|                             |   |                                   |   | **$**     |   | **$**                                 |                              |
| 24                August 2005    |   | 250,000                                |   | 95,000    |   | 0.38                                  | Consulting*                       |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Computer                and IT    |
| 24                August 2005    |   | 50,000                                 |   | 19,000    |   | 0.38                                  | Public                relations   |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Investor                relations |
| 24                August 2005    |   | 300,000                                |   | 114,000   |   | 0.38                                  | Legal                             |
| 24                August 2005    |   | 250,000                                |   | 95,000    |   | 0.38                                  | Consulting*                       |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Accounting                        |
| 28                September 2005 |   | 104,171                                |   | 29,168    |   | 0.28                                  | Investor                relations |
| 29                September 2005 |   | 100,000                                |   | 25,000    |   | 0.25                                  | Consulting                        |
| 29                September 2005 |   | 150,000                                |   | 37,500    |   | 0.25                                  | Consulting*                       |
| 27                October 2005   |   | 327,586                                |   | 95,000    |   | 0.29                                  | Investor                relations |
| 28                October 2005   |   | 99,360                                 |   | 24,840    |   | 0.25                                  | Rent                              |
| 1                November 2005   |   | 50,000                                 |   | 14,000    |   | 0.28                                  | Public                relations   |
| 1                November 2005   |   | 125,000                                |   | 35,000    |   | 0.28                                  | Consulting                        |
| 2                November 2005   |   | 80,000                                 |   | 23,200    |   | 0.29                                  | Consulting                        |
| 14                November 2005  |   | 100,000                                |   | 50,000    |   | 0.50                                  | Printing                          |
| 12                January 2006   |   | 250,000                                |   | 37,500    |   | 0.15                                  | Consulting                        |
| 12                January 2006   |   | 16,667                                 |   | 2,500     |   | 0.15                                  | Legal                             |
| 25                January 2006   |   | 68,287                                 |   | 21,169    |   | 0.31                                  | Commission                bonus   |
| 7                February 2006   |   | 22,059                                 |   | 7,500     |   | 0.34                                  | Consulting                        |
| 28                June 2006      |   | 24,513                                 |   | 4,658     |   | 0.19                                  | Consulting                        |
| 29                June 2006      |   | 150,000                                |   | 28,500    |   | 0.19                                  | Investor                relations |
| 9                August 2006     |   | 33,333                                 |   | 5,000     |   | 0.15                                  | Legal                             |
| 19                October 2006   |   | 69,000                                 |   | 6,210     |   | 0.09                                  | Consulting                        |
|                             |   | 2,694,976                              |   | 798,245   |   |                                  |                              |

***Common      shares issued for services from related parties.**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**Share      Purchase Warrants**

|     |   | **Exercise                price** |   | **Number****of                warrants** |   | **Remaining****contractual                life (years)** |
|----------|--------|-----------------------------------|--------|------------------------------------------|--------|----------------------------------------------------------|
|     |   | **$**                             |   |                                     |   |                                                     |
|     |   |                              |   |                                     |   |                                                     |
| Warrants |   | 0.50                              |   | 5,000,000                                |   | 0.07                                                     |
| Warrants |   | 0.50                              |   | 2,000,000                                |   | 0.78                                                     |
| Warrants |   | 0.50                              |   | 1,125,000                                |   | 0.81                                                     |
| Warrants |   | 0.50                              |   | 3,000,000                                |   | 0.81                                                     |
| Warrants |   | 0.50                              |   | 250,000                                  |   | 0.91                                                     |
| Warrants |   | 0.50                              |   | 1,154                                    |   | 1.08                                                     |
| Warrants |   | 0.50                              |   | 125,000                                  |   | 1.09                                                     |
| Warrants |   | 0.50                              |   | 1,006                                    |   | 1.14                                                     |
| Warrants |   | 0.25                              |   | 2,960,000                                |   | 4.20                                                     |
|     |   |                              |   |                                     |   |                                                     |
|     |   |                              |   | 14,462,160                               |   |                                                     |

|                                                                                                                                           |   | **Number                of warrants** |   | **Weighted                average exercise price** |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|----------------------------------------------------|
|                                                                                                                                           |   |                                  |   | **$**                                              |
|                                                                                                                                           |   |                                  |   |                                               |
| Outstanding                and exercisable at 1 April 2005                                                                                     |   | 5,000,000                             |   | 0.50                                               |
|                                                                                                                                           |   |                                  |   |                                               |
| Granted                                                                                                                                        |   | 6,375,000                             |   | 0.50                                               |
| Exercised                                                                                                                                      |   | -                                     |   | -                                                  |
| Expired                                                                                                                                        |   | -                                     |   | -                                                  |
|                                                                                                                                           |   |                                  |   |                                               |
| Outstanding                and exercisable at 31 October 2005                                                                                  |   | 11,375,000                            |   | 0.50                                               |
|                                                                                                                                           |   |                                  |   |                                               |
| Weighted                average fair value of warrants granted during the six month period                ended                31 October 2005 |   |                                  |   | 0.23                                               |
|                                                                                                                                           |   |                                  |   |                                               |
|                                                                                                                                           |   |                                  |   |                                               |
|                                                                                                                                           |   |                                  |   |                                               |
|                                                                                                                                           |   |                                  |   |                                               |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

| Outstanding                and exercisable at 1 April 2006                                                                                     |   | 14,462,160 |   | 0.45   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------|--------|
|                                                                                                                                           |   |       |   |   |
| Granted                                                                                                                                        |   | -          |   | -      |
| Exercised                                                                                                                                      |   | -          |   | -      |
| Expired                                                                                                                                        |   | -          |   | -      |
|                                                                                                                                           |   |       |   |   |
| Outstanding                and exercisable at 31 October 2006                                                                                  |   | 14,462,160 |   | 0.45   |
|                                                                                                                                           |   |       |   |   |
| Weighted                average fair value of warrants granted during the six month period                ended                31 October 2006 |   |       |   | -      |

|                                   |   |   |   | **As                at 31****October****2006** |   | **As                at 31****October****2005** |
|----------------------------------------|--------|--------|--------|------------------------------------------------|--------|------------------------------------------------|
|                                   |   |   |   |                                           |   |                                           |
| Risk                free interest rate |   |   |   | 4.04                - 4.42 %                   |   | 4.04%                                          |
| Expected                life           |   |   |   | 2.0                - 2.5 years                 |   | 2.0                years                       |
| Annualized                volatility   |   |   |   | 134                - 141%                      |   | 141%                                           |
| Expected                dividends      |   |   |   | -                                              |   | -                                              |

**Restricted      Common Shares**

| **9.  ** | **Income              Taxes** |
|--------------------|-------------------------------|

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

|                                                                |   | **For                the six month period ended 31 October 2006** |   | **For                the six month period ended 31 October 2005** |
|---------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|-------------------------------------------------------------------|
|                                                                |   | **$**                                                             |   | **$**                                                             |
|                                                                |   |                                                              |   |                                                              |
| Deferred                tax asset attributable to:                  |   |                                                              |   |                                                              |
| Current                operations                                   |   | 84,908                                                            |   | 698,480                                                           |
| Contributions                to capital by related party - expenses |   | (16,500)                                                          |   | -                                                                 |
| Stock-based                compensation                             |   | -                                                                 |   | (655,185)                                                         |
| Less:                Change in valuation allowance                  |   | (68,408)                                                          |   | (42,665)                                                          |
|                                                                |   |                                                              |   |                                                              |
| Net                refundable amount                                |   | -                                                                 |   | -                                                                 |

|                                             |   | **As                at 30 October 2006** |   | **As                at 30 April 2006****(Audited)** |
|--------------------------------------------------|--------|------------------------------------------|--------|-----------------------------------------------------|
|                                             |   | **$**                                    |   | **$**                                               |
|                                             |   |                                     |   |                                                |
| Net                operating loss carry forward  |   | 1,061,675                                |   | 854,378                                             |
|                                             |   |                                     |   |                                                |
| Statutory                federal income tax rate |   | 33%                                      |   | 33%                                                 |
| Effective                income tax rate         |   | 0%                                       |   | 0%                                                  |
|                                             |   |                                     |   |                                                |
| Deferred                tax asset                |   | 482,577                                  |   | 414,158                                             |
| Less:                Valuation allowance         |   | (482,577)                                |   | (414,158)                                           |
|                                             |   |                                     |   |                                                |
| Net                deferred tax asset            |   | -                                        |   | -                                                   |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**10.**
**Commitments**

**11.**
**Supplemental      Disclosure with Respect to Cash Flows**
** **

|                                                      |   | **For                the period from the date of inception on 2 September 2003 to****31                October 2006** |   | **For                the six month period ended****31                October 2006** |   | **For                the six month period ended****31                October 2005** |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                                      |   | **$**                                                                                                                 |   | **$**                                                                               |   | **$**                                                                               |
|                                                      |   |                                                                                                                  |   |                                                                                |   |                                                                                |
| Cash                paid during the year for interest     |   | 11,362                                                                                                                |   | -                                                                                   |   | 200                                                                                 |
| Cash                paid during the year for income taxes |   | -                                                                                                                     |   | -                                                                                   |   | -                                                                                   |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2006**

**12.**
**Subsequent      Events**

| i.   | The              Company entered into a consulting agreement with an unrelated party              for a              period of one year. The Company agreed to issue 800,000 restricted              common              shares valued at $96,000 pursuant to the              contract. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | The              Company entered into a consulting agreement with an unrelated party              for a              period of one year. The Company agreed to issue 75,000 restricted common              shares valued at $30,000 pursuant to the              contract. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**IT**
**EM      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION.**

***Results      of Operations***

|                                   |   |   |   | **As                at 31****October****2006** |   | **As                at 31****October****2005** |
|----------------------------------------|--------|--------|--------|------------------------------------------------|--------|------------------------------------------------|
|                                   |   |   |   |                                           |   |                                           |
| Risk                free interest rate |   |   |   | 4.04                - 4.42 %                   |   | 4.04%                                          |
| Expected                life           |   |   |   | 2.0                - 2.5 years                 |   | 2.0                years                       |
| Annualized                volatility   |   |   |   | 134                - 141%                      |   | 141%                                           |
| Expected                dividends      |   |   |   | -                                              |   | -                                              |

----

***Liquidity      and Capital Resources***

***Plan      of Operation***

*      (“Agreement”)*
* (“Obvio!”)*
* (“OPE”) *

----

***Critical      Accounting Policies***

**ITEM      3. CONTROLS AND PROCEDURES**

**PART      II - OTHER INFORMATION**

**TEM      6. EXHIBITS AND REPORTS ON FORM 8-K**

**SIGNATURES**

**Rotoblock      Corporation**

----