**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

| [X]                | Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                 |
|               |                  For the quarterly period ended June                30, 2006                                                    |
|               |                                                                                                                                 |
| [                ] | Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934                       |
|               |                                                                                                                                 |
|               |   For                the transition period ___________                 to __________                        |
|               |                                                                                                                                 |
|               | Commission                File Number: 333-130084                                                                                    |

| Nevada                                                                        | E.I.N.                Number pending             |
|-------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (IRS                Employer Identification No.) |

| 353                West 7th Avenue Vancouver, BC V5Y 1M2 |
|----------------------------------------------------------|
| (Address                of principal executive offices)  |

| (604)                723-6877                                                                                    |
|------------------------------------------------------------------------------------------------------------------|
| (Issuer’s                telephone number)                                                                 |
|  _______________________________________________________________                                            |
| (Former                name, former address and former fiscal year, if changed since last                report) |

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Table          of Contents

|                                                   | TABLE                OF CONTENTS                                                              |   Page |
|--------------------------------------------------------|-----------------------------------------------------------------------------------------------|------------------|
| PART                I - FINANCIAL INFORMATION     |
| Item                1.                                 | Financial                Statements                                                           | 3                |
| Item                2.                                 | Management’s                Discussion and Analysis or Plan of                Operation | 4                |
| Item                3.                                 | Controls                and Procedures                                                        | 9                |
|  PART                II - OTHER INFORMATION  |
| Item                1.                                 | Legal                Proceedings                                                              | 11               |
| Item                2.                                 | Unregistered                Sales of Equity Securities and Use of                Proceeds     | 11               |
| Item                3.                                 | Defaults                Upon Senior Securities                                                | 11               |
| Item                4.                                 | Submission                of Matters to a Vote of Security                Holders             | 11               |
| Item                5.                                 | Other                Information                                                              | 11               |
| Item                6.                                 | Exhibits                                                                                      | 12               |

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**PART      I - FINANCIAL INFORMATION**

**Item      1.** **     Financial      Statements**

| Our                unaudited financial statements included in this Form 10-QSB are as                follows: |
|---------------------------------------------------------------------------------------------------------------|
|  F-1                                                                                                     |  Balance                Sheet as of June 30, 2006; |
|  F-2                                                                                                     |  Statements                of Operations for the three and                six months ended June 30, 2006 and 2005; |
|  F-3                                                                                                     |  Statements                of Cash Flows for the six months ended June 30,                2006 and 2005; |
|  F-4                                                                                                     |  Notes                to Financial                Statements; |

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**AMERASIA      KHAN ENTERPRISES LTD.**

**(A      DEVELOPMENT STAGE COMPANY)**

**BALANCE      SHEET**

|                                                                                                                               |    | June                30, 2006 |   |    | March                31, 2006 |
|------------------------------------------------------------------------------------------------------------------------------------|---------|------------------------------|--------|---------|-------------------------------|
| ASSETS                                                                                                                             |    | (unaudited)                  |   |    |                          |
|                                                                                                                               |    |                         |   |    |                          |
| Current                assets                                                                                                      |    |                         |   |    |                          |
| Cash                                                                                                                               |  $ | 55,710                       |   |  $ | 67,460                        |
| Accounts                receivable                                                                                                 |    | 3,656                        |   |    | -                             |
| Expenses                advances-related party                                                                                     |    | 2,771                        |   |    | 2,771                         |
| Prepaid                expenses and deposits                                                                                       |    | -                            |   |    |  35,000                  |
| Total                current assets                                                                                                |    | 62,137                       |   |    | 105,231                       |
| Rental                assets, net                                                                                                  |    | 49,268                       |   |    | 19,415                        |
|                                                                                                                               |    |                         |   |    |                          |
| TOTAL                ASSETS                                                                                                        |  $ | 111,405                      |   |  $ | 124,646                       |
|                                                                                                                               |    |                         |   |    |                          |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIT                                                                         |    |                         |   |    |                          |
| Current                liabilities                                                                                                 |    |                         |   |    |                          |
| Accounts                payable and accrued expenses                                                                               |  $ | 18,186                       |   |  $ | 8,751                         |
| Stockholder                advances                                                                                                |    | 117,400                      |   |    | 117,400                       |
| Total                current liabilities                                                                                           |    | 135,586                      |   |    | 126,151                       |
|                                                                                                                               |    |                         |   |    |                          |
| STOCKHOLDERS’                DEFICIT:                                                                                        |    |                         |   |    |                          |
| Common                stock, $.001 par value, 50,000,000 shares authorized,                9,000,000 shares issued and outstanding |    |  9,000                  |   |    |  9,000                   |
| Additional                paid in capital                                                                                          |    | 167,405                      |   |    | 165,057                       |
| Deficit                accumulated during the development stage                                                                    |    | (200,586)                    |   |    | (175,562)                     |
| Total                Stockholders’ Deficit                                                                                   |    | (24,181)                     |   |    | (1,505)                       |
|                                                                                                                               |    |                         |   |    |                          |
| TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                   |  $ | 111,405                      |   |  $ | 124,646                       |

*See      accompanying notes to financial      statements.*

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**AMERASIA      KHAN ENTERPRISES LTD.**

**(A      DEVELOPMENT STAGE COMPANY)**

**STATEMENT      OF OPERATIONS**

**Three      Months Ended June 30, 2006 and 2005**

**and      Period From April 2, 2004 (Inception) through June 30,      2006**

**(Unaudited)**

|                                                  |   | Three                  months endedJune                  30, 2006 |   |   | Three                  months endedJune                  30, 2005 |   |    | Period                  from April                  2, 2004 (Inception)                  throughJune                  30, 2006 |
|-------------------------------------------------------|--------|-------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------|--------|---------|--------------------------------------------------------------------------------------------------------------------------------|
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Rental                  revenue                       | $      | 7,773                                                             |   | $      | 7,548                                                             |   |  $ | 15,321                                                                                                                         |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Gown                  rental expense                  |   | (                  4,118)                                         |   |   | (8,416)                                                           |   |    | (12,534)                                                                                                                       |
| Depreciation                                          |   | (5,147)                                                           |   |   | (743)                                                             |   |    | (12,498)                                                                                                                       |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Gross                  margin                         |   | (1,492)                                                           |   |   | (1,611)                                                           |   |    | (9,711)                                                                                                                        |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| General                  and administrative expenses: |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Professional                  fees                    |   | 20,203                                                            |   |   | 11,000                                                            |   |    | 60,923                                                                                                                         |
| Compensation                                          |   | -                                                                 |   |   | 67,600                                                            |   |    | 92,600                                                                                                                         |
| Other                  general and administrative     |   | 981                                                               |   |   | 5,286                                                             |   |    | 23,547                                                                                                                         |
| Total                  General and Administrative     |   | 21,184                                                            |   |   | 83,886                                                            |   |    | 177,070                                                                                                                        |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Operating                  loss                       |   | (22,676)                                                          |   |   | (85,497)                                                          |   |    | (186,781)                                                                                                                      |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Interest                  expense                     |   | (2,348)                                                           |   |   | (2,348)                                                           |   |    | (13,805)                                                                                                                       |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Net                  loss                             | $      | (25,024)                                                          |   | $      | (87,845)                                                          |   |    | (200,586)                                                                                                                      |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Net                  loss per share:                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Basic                  and diluted                    | $      | (0.00)                                                            |   | $      | (0.00)                                                            |   |    |                                                                                                                           |
|                                                  |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Weighted                  average shares outstanding: |   |                                                              |   |   |                                                              |   |    |                                                                                                                           |
| Basic                  and diluted                    |   | 9,000,000                                                         |   |   | 2,600,000                                                         |   |    |                                                                                                                           |

*See      accompanying notes to financial statements.*

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**AMERASIA      KHAN ENTERPRISES LTD.**

**(A      DEVELOPMENT STAGE COMPANY)**

**STATEMENTS      OF CASH FLOWS**

**Three      Months Ended June 30, 2006 and 2005**

**and      Period From April 2, 2004 (Inception) through June 30,      2006**

**(Unaudited)**

|                                                                                                       |   |  Three                months ended June                30, 2006 |   |    | Three                months ended June                30, 2005 |   |    | Inception                throughJune                30, 2006 |
|-------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|---------|----------------------------------------------------------------|--------|---------|--------------------------------------------------------------|
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                   |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Net                loss                                                                               | $      | (25,024)                                                             |   | $       | (87,845)                                                       |   |  $ | (200,586)                                                    |
| Adjustments                to reconcile net loss to cash                used by operating activities: |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Depreciation                                                                                          |   | 5,147                                                                |   |    | 743                                                            |   |    | 12,498                                                       |
| Non-cash                management compensation                                                       |   | -                                                                    |   |    | 57,600                                                         |   |    | 57,600                                                       |
| Imputed                interest on stockholder advances                                               |   | 2,348                                                                |   |    | 2,348                                                          |   |    | 13,805                                                       |
| Change                in non-cash working capital itemsAccounts                payable                |   |  9,435                                                          |   |    |  (2,637)                                                  |   |    |  20,586                                                 |
| Expense                advances-related party                                                         |   | -                                                                    |   |    |                                                           |   |    | (2,771)                                                      |
| Prepaid                expenses and deposits                                                          |   | 35,000                                                               |   |    |                                                           |   |    | -                                                            |
| Accounts                receivable                                                                    |   | (3,656)                                                              |   |    | (8,084)                                                        |   |    | (3,656)                                                      |
| CASH                FLOWS FROM (USED IN) OPERATING ACTIVITIES                                         |   | 23,250                                                               |   |    | (37,875)                                                       |   |    | (102,524)                                                    |
|  CASH                FLOWS FROM INVESTING ACTIVITY                                               |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Purchase                of rental assets                                                              |   | (35,000)                                                             |   |    | (3,500)                                                        |   |    | (61,766)                                                     |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                   |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Proceeds                from sale of common stock                                                     |   | -                                                                    |   |    | 100,000                                                        |   |    | 102,600                                                      |
| Stockholder                advances                                                                   |   | -                                                                    |   |    | -                                                              |   |    | 117,400                                                      |
| CASH                FLOWS PROVIDED BY FINANCING ACTIVITIES                                            |   | -                                                                    |   |         | 100,000                                                        |   |         | 220,000                                                      |
|                                                                                                  |   |                                                                 |   |    |                                                           |   |    |                                                         |
| NET                INCREASE (DECREASE) IN CASH                                                        |   | (11,750)                                                             |   |    | 58,625                                                         |   |    | 55,710                                                       |
| Cash,                beginning of period                                                              |   | 67,460                                                               |   |    | 60,062                                                         |   |    | -                                                            |
| Cash,                end of period                                                                    | $      | 55,710                                                               |   |  $ | 118,687                                                        |   |  $ | 55,710                                                       |
|                                                                                                  |   |                                                                 |   |    |                                                           |   |    |                                                         |
| SUPPLEMENTAL                CASH FLOW INFORMATION                                                     |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Interest                paid                                                                          | $      | -                                                                    |   |  $ | -                                                              |   |  $ | -                                                            |
| Income                taxes paid                                                                      | $      | -                                                                    |   |  $ | -                                                              |   |  $ | -                                                            |
|                                                                                                  |   |                                                                 |   |    |                                                           |   |    |                                                         |
| NON                CASH TRANSACTIONS:                                                                 |   |                                                                 |   |    |                                                           |   |    |                                                         |
| Issuance                of stock for debt                                                             | $      | -                                                                    |   |  $ | 2,400                                                          |   |  $ | 2,400                                                        |
| Issuance                of stock for compensation                                                     | $      | -                                                                    |   |  $ | 57,600                                                         |   |  $ | 57,600                                                       |

*See      accompanying notes to financial statements.*

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**AMERASIA      KHAN ENTERPRISES LTD.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO THE FINANCIAL STATEMENTS**

**(unaudited)**

|                                       |    | **June                30,****2006** |   |    | **March                31,****2006** |
|---------------------------------------|---------|-------------------------------------|--------|---------|--------------------------------------|
| Rental assets                         |  $ | 61,766                              |   |  $ | 26,766                               |
| Accumulated              depreciation |    | (12,498)                            |   |    | (7,351)                              |
|                                       |  $ | 49,268                              |   |  $ | 19,415                               |

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**AMERASIA      KHAN ENTERPRISES LTD.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO THE FINANCIAL STATEMENTS**

**(unaudited)**

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

**Forward-Looking      Statements**

**Business      Overview**

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| ·  | Water,                Oil and Liquid Repellency  |
|--------------|-------------------------------------------------------|
| ·       | Wrinkle                Resistance                |
| ·       | Anti-Bacteria                                    |
| ·       | Anti-static                                      |
| ·       | Odor                Reduction                    |
| ·       | Maintain                Air Permeability         |

**Our      Marketing Strategy For The Next 12 Months**

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| · | Tom                Wensel, Huntington Photography, Huntington, Texas          |
|--------|------------------------------------------------------------------------------------|
| · | Stan                Fejnas, Josephs Photography, New Jersey and Missouri      |
| · | Hal                Wagner, Wagner Photography, St. Louis, Missouri            |
| · | Elizabeth                Hockmeyer, Hockmeyer Studios, Boston, Massachusetts  |
| · | Lance                Kimura, House of Photography, Honolulu, Hawaii           |
| · | Brad                Kramer, Grads Photography, Phoenix, Arizona               |
| · | Donnie                Rubenack, Donette Studios, Bellingham, Washington       |
| · | John                Stickney, Boyd Anderson Studios, Santee, California       |

| · | Branding                of product to directly identify and build loyalty among distributors                and                end users of the product;                                                                                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | Marketing                collateral development for use by customers and other parties acting                as                distributors of regalia;                                                                                                                                                                       |
| · | Affiliation                with Canadian and US professional photography and digital associations                to                provide a medium for identifying potential distributors;                                                                                                                                   |
| · | Participation                in trade shows related to the regalia, photography and digital imaging                industries to provide a venue for identifying potential distributors.                Research will be conducted to identify trade shows where the target                markets participate directly; and  |
| · | Anticipated                creation of a website that will promote regalia products, solicit                e-commerce, supervise supply chain management and manage distributor                relations.                                                                                                                    |

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**Financing,      Liquidity and Capital Resources**

**Employees**

**Research      and Development**

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**Results      of Operations for the three months ended June 30, 2006 and      2005**

**Off      Balance Sheet Arrangements **

**Going      Concern**

**Critical      Accounting Policies**

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**Recently      Issued Accounting Pronouncements**

**Item      3.     Controls and Procedures**

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**PART      II - OTHER INFORMATION**

**Item      1.     Legal      Proceedings**

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

**Item      3.     Defaults upon Senior      Securities**

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

**Item      5.     Other      Information**

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**Item      6.      Exhibits**

| **Exhibit****Number** | **Description                of Exhibit**                                                                                                                                                                                                                |
|-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                  | Certification                of Chief Executive Officer pursuant to 18                U.S.C. Section 1350, as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                           |
| 31.2                  | Certification                of Chief Financial Officer pursuant to 18                U.S.C. Section 1350, as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                           |
| 32.1                  | Certification                of Chief Executive Officer and Chief                Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted                pursuant                to Section 906 of the Sarbanes-Oxley Act of                2002 |

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**SIGNATURES**

|   | **Amerasia                Khan Enterprises Ltd.**                                                                                                                                                                                                                                                |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                             |
| Date:  | August                14, 2006                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                  |
|   |   By:                      /s/ Johnny Lee             Mr.                Johnny LeeTitle:**    Chief                Executive Officer and                Director** |