UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                  FORM 10-QSB

       [X] Quarterly Report under Section 13 or 15(d) of the Securities
       Exchange Act of 1934 for the quarterly period ended March 31, 2006.

       [ ] Transition report under Section 13 or 15(d) of the Exchange Act
       For the transition period from January 1, 2006 to March 31, 2006

                        Commission File Number 0-50834

                              SIAM IMPORTS, INC.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)

             Nevada                            73-1668122
             --------------------------------  -----------------
             (State or other jurisdiction      (I.R.S. Employer
             of incorporation or organization) Identification No.)


             3001 Knox Street, Suite 403
             Dallas, TX                               75205
             ---------------------------------------- ----------
             (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code:(416) 214-3492

                                     None
      ------------------------------------------------------------------
      Former Name, Address and Fiscal Year, if Changed Since Last Report

     Check  whether  the  issuer: (1) filed all reports required to be filed by
     Section 13 or 15(d) of  the Exchange Act during the past 12 months (or for
     such  shorter  period that  the  registrant  was  required  to  file  such
     reports), and (2)  has  been  subject  to such filing requirements for the
     past 90 days. Yes [X] No [ ]

     Transitional Small Business Disclosure Format:           Yes [ ] No [X]

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

     At March 31, 2006, there were 8,000,000  shares of our common stock issued
     and outstanding.
<PAGE>
                               TABLE OF CONTENTS
                               -----------------

                         PART I: FINANCIAL INFORMATION

       Item 1. Financial Statements...................................... 2

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

       Item 3. Controls and Procedures.................................. 11

                          PART II: OTHER INFORMATION

       Item 6. Exhibits................................................. 11

       Signatures........................................................11

<PAGE>
                         PART 1. FINANCIAL INFORMATION
                         -----------------------------

Item 1. Financial Statements
----------------------------
The  financial statements included herein have been  prepared  by  us,  without
audit,  pursuant  to  the  rules and regulations of the Securities and Exchange
Commission. Certain information  and  footnote disclosures normally included in
financial statements prepared in accordance  with generally accepted accounting
principles  have  been  omitted. However, in the  opinion  of  management,  all
adjustments (which include only normal recurring accruals) necessary to present
fairly  the  financial position  and  results  of  operations  for  the  period
presented have  been  made. The results for interim periods are not necessarily
indicative of trends or  of  results  to  be  expected for the full year. These
financial statements should be read in conjunction  with  the audited financial
statements and notes thereto included in our Form 10-SB, which  can be found on
the SEC website (www.sec.gov) under SEC File Number 000-50834.

<PAGE>




                              SIAM IMPORTS, INC.
                         (A Development Stage Company)
                                Balance Sheets
                   As of March 31, 2006 and December 31, 2005


<TABLE>
<CAPTION>
						 Unaudited	  Audited
						 March 31,	   Dec 31,
						    2006	    2005
								  Restated
						===========	===========
<S>						<C>		<C>
ASSETS
  Current Assets
     Checking/Savings
	Cash in Bank				$	 40	$       58
						-----------	-----------
     Total Checking/Savings				 40	        58

     Other Current Assets
	Inventory					  -	         -
						-----------	-----------
     Total Other Current Assets				  -	         -
						-----------	-----------

	Total Current Assets				 40	        58
						-----------	-----------

TOTAL ASSETS 					$	 40	$       58
						===========	===========

LIABILITIES & EQUITY

Liabilities
  Current Liabilities
     Accounts Payable
	Accounts Payable			$	  -	$        -
						-----------	-----------
     Total Accounts Payable				  -	         -
     Other Current Liabilities
	Loan Payable				      2,359	      2,359
						-----------	-----------
     Total Other Current Liabilities		      2,359	      2,359
						-----------	-----------

	Total Current Liabilities		      2,359	      2,359
						-----------	-----------

	Total Liabilities			      2,359	      2,359

Equity
     Additional Paid-in-Capital			     68,000	     68,000
     Common Stock (25,000,000 shares
      authorized, 8,000,000 shares
      issued and outstanding)			      8,000	      8,000
     Accumulated Deficit			    (78,319)	    (78,301)
						-----------	-----------
	Total Equity				     (2,319)	     (2,301)

TOTAL LIABILITIES & EQUITY			$	 40	$        58
						===========	===========

</TABLE>


                See accompanying notes to financial statements.



                              SIAM IMPORTS, INC.
                         (A Development Stage Company)
                           Statements of Operations
				Unaudited

<TABLE>
<CAPTION>
										May 27, 2003
										  (Date of
						Jan 1-Mar 31    Jan 1-Mar 31     Inception)
						    2006	    2005	 - Mar 2006
						===========	===========	===========
<S>						<C>		<C>		<C>
Revenue
   Revenue					$	  -	$	  -	$	  -

Operating Expenses
   General and Administrative			$        18	$     4,881	$    35,178
   Professional Fees				          -	      4,000	     42,764
						-----------	-----------	-----------
	Total Expense				         18	      8,881	     77,942
						-----------	-----------	-----------

Losses from Operations				        (18)	     (8,881)	    (77,942)
  Other Income (Expenses)
   Other Expense
     Miscellaneous Expense				  - 		 77	        377
     Interest Expense					  -		  -		  -
						-----------	-----------	-----------
	Total Other Expense				  -		 77		377

Losses before provision for
 income taxes and minority interest		        (18)	     (8,958)	    (78,319)

Provision from income taxes				  -		  -		  -
						-----------	-----------	-----------

Net Loss					$       (18)	$    (8,958)	$   (78,319)
						===========	===========	===========
Basic and diluted loss per
 common share					$     (0.01)	$     (0.01)	$     (0.01)
						-----------	-----------	-----------
Basic and diluted weighted
 average common share outstanding		  8,000,000	  1,800,000	  8,000,000
						-----------	-----------	-----------
</TABLE>







                See accompanying notes to financial statements.
<PAGE>
                              SIAM IMPORTS, INC.
                         (A Development Stage Company)
                           Statements of Cash Flows
                                Unaudited
<TABLE>
<CAPTION>
										       May 27, 2003
										         (Date of
						        Jan 1-Mar 31    Jan 1-Mar 31     Inception)
						           2006	            2005	 - Mar 2006
							===========	===========	===========
<S>							<C>		<C>		<C>
Cash flow from
 Operating Activities:
----------------------
  Net Loss						$      (18)	$    (8,957)	$   (78,319)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
     Stock issued for services				   	 -		  -	     31,000
     (Increase) Decrease in inventory			     	 -	          -		  -
     Increase (Decrease) in accounts payable		   	 -	     (2,987)		  -
     Increase (Decrease) in loan payable		  	 -		  -	      2,359
							-----------	-----------	-----------

  Net cash used by operating activities			$      (18)	$   (11,944)	$   (44,960)

Cash flow from
 Investing Activities:
----------------------
  Net cash used by investing activities			$	  -	$	  -	$	  -

Cash flow from
 Financing Activities:
----------------------
  Net cash provided by financing activities		$	  -	$	  -	$    45,000

Net Decrease in cash					        (18)	    (11,944)		 40

Cash at beginning of period				         58	     13,036		  -
							-----------	-----------	-----------

Cash at end of period					$	 40	$     1,092	$	 40
							===========	===========	===========
</TABLE>

                See accompanying notes to financial statements
<PAGE>
                              SIAM IMPORTS, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS

1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES
-----------------------------------------------------------------------

Description of business and history - Siam Imports, Inc., a Nevada corporation,
(hereinafter  referred to as the "Company" or "Siam Imports") was  incorporated
in the State of Nevada on May 27, 2003. The Company was formed to engage in the
importation and  distribution  of  SE  Asian  gifts and decorative items to the
North American marketplace. The Company has sourced  the  following products in
Thailand  and  has  purchased  samples  in  order to wholesale them  to  retail
businesses starting around the Ontario region  of  Canada:  hand made stainless
steel  cutlery,  Thai silk products, products made from mango wood,  ornamental
wall hangings and  all  natural  skin  care  and  beauty  products. The Company
operations have been limited to general administrative operations, purchasing a
limited  amount of sample inventory, establishing its online  webs  store.  The
Company is  considered a development stage company in accordance with Statement
of Financial Accounting Standards No. 7.

Management of  Company  -  The Company filed its articles of incorporation with
the Nevada Secretary of State  on  May 27, 2003, indicating Sandra L. Miller on
behalf of Resident Agents of Nevada, Inc. as the sole incorporator.

The company filed its annual list of  officers  and  directors  with the Nevada
Secretary of State on May 31, 2005, indicating its President and  Treasurer  as
Dennis  Eldjarnson, its Secretary as Debbie Eldjarnson and Nutjaree Saenjaen as
a director.  On October 11, 2005 Nutjaree Saenjaen resigned and Taber Wetz were
appointed as director.

Going concern  -  The Company incurred net losses of approximately $78,319 from
the period of May 27,  2003  (Date of Inception) through March 31, 2006 and has
commenced limited operations,  rather, still in the development stages, raising
substantial doubt about the Company's  ability  to continue as a going concern.
The Company will seek additional sources of capital  through  the  issuance  of
debt  or  equity  financing,  but there can be no assurance the Company will be
successful in accomplishing its objectives.

The ability of the Company to continue  as  a  going  concern  is  dependent on
additional  sources  of  capital  and  the  success of the Company's plan.  The
financial statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

Year end - The Company's year end is December 31.

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

<PAGE>
                              SIAM IMPORTS, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS

2. PROPERTY AND EQUIPMENT
-------------------------
As of March 31, 2006, the Company does not own any property and/or equipment.

3. STOCKHOLDER'S EQUITY
-----------------------
The  Company  has  25,000,000   shares  authorized  and  8,000,000  issued  and
outstanding as of March 31, 2006. The issued and outstanding shares were issued
as follows:

500,000 common shares were issued  to Dennis Eldjarnson on May 27, 2003 for the
sum of $2,500 in cash.

500,000 common shares were issued to  Debbie Eldjarnson on May 27, 2003 for the
sum of $2,500 in cash.

800,000 common shares were issued to 32 investors in the Company's Regulation D
- Rule 504 offering for the sum of $40,000 in cash. The Regulation D - Rule 504
offering was declared effective by the State of Nevada on August 22, 2003, sold
in  September 2003 and a Form D was filed  with  the  Securities  and  Exchange
Commission.

6,200,000  common  shares  were issued to MAC Partners, LP on November 29, 2005
for $31,000 of consulting services.

The company has reclassed $24,800 from common stock at year end  to $24,800  in
additional paid in capital.   This entry relates the 6,200,000 shares issued in
November 2005.  Previously, the entire $31,000 was booked to common stock while
$24,800 should have been attributed to the additional paid  in capital  in  the
There was no  effect on the earnings per  share  in this  reclassification. All
adjustments necessary in order to present  a fair and accurate  presentation of
the financials have been made.


4. LOAN FROM STOCKHOLDER
------------------------
As of March 31, 2006, there  is  a  total  of $2,359 that has been forwarded by
Dennis  Eldjarnson,  the former president, to  the  Company  with  no  specific
repayment terms. This loan is non-interest bearing.

5. RELATED PARTY TRANSACTIONS
-----------------------------
Other  than  noted  above,   the  Company  has  no  significant  related  party
transactions and/or relationships with any individuals or entities.

6. STOCK OPTIONS
----------------
As of March 31, 2006, the Company  does not have any stock options outstanding,
nor  does  it  have  any  written or verbal  agreements  for  the  issuance  or
distribution of stock options at any point in the future.

7. LITIGATION
-------------
As of March 31, 2006, the Company  is  not  aware  of  any  current  or pending
litigation which may affect the Company's operations.

8. SUBSEQUENT EVENTS
--------------------

On  May  12,  2006,  registrant  ("Siam"),  entered  into a Securities Purchase
Agreement  and to acquire 100% of the total issued and  outstanding  shares  of
Apollo Drilling  LLC,  a Texas limited liability company, from Apollo Resources
International, Inc., a Utah  corporation and the sole member of Apollo Drilling
LLC, in full and sole consideration  of  13,700,000  shares of the registrant's
Common Stock. The transaction did not involve the transfer  of  any  funds. The
13,700,000  shares  will  be  issued  directly by Siam from its authorized  but
unissued shares of Common Stock.

Effective May 15, 2006, Dennis Eldjarnson,  President and Treasurer, and Debbie
Eldjarnson,  Secretary,  have  stepped  down from  officer  positions  in  Siam
Imports, Inc. They each sold their respective  shares  to  MAC  Partners, LP on
this date. George Lowrance has been named CEO and Director, and Wayne McPherson
has been named President of Siam Imports, Inc., effective May 15, 2006. Details
of this agreement can be found on 8-K filed on May 12, 2006.


                                  SIAM IMPORTS, INC.
                     PRO FORMA CONSOLIDATED BALANCE SHEET
                            As of December 31, 2005


<TABLE>
<CAPTION>
									  Restated
                                                                             SI                  AD               Unaudited
                                                                           Audited            Unaudited          Consolidated
                                                                            as of               as of               as of
                                                                         Dec 31, 05          Dec 31, 05          Dec 31, 05
                                                                       ----------------    ----------------    ----------------
<S>                                                     <C>                    <C>                     <C>
ASSETS
      Current Assets
          Checking/Savings
              Cash in Bank                                            $             58     $             -     $            58
                                                                       ----------------    ----------------    ----------------
          Total Checking/Savings                                                    58                   -                  58
          Other Current Assets
              Deposits                                                               -                   -                   -
                                                                       ----------------    ----------------    ----------------
          Total Other Current Assets                                                 -                   -                   -
                                                                       ----------------    ----------------    ----------------
      Total Current Assets                                                          58                   -                  58
                                                                       ----------------    ----------------    ----------------
TOTAL ASSETS                                                           $            58     $             -     $            58
                                                                       ================    ================    ================

LIABILITIES & DEFICIT
      Liabilities
          Current Liabilities
              Accounts Payable
                  Accounts Payable - trade                                           -                   -                   -
                  Accounts Payable - DGMAC                                           -                   -                   -
                  Accounts Payable - Apollo Res.                       $             -     $             -     $             -
                                                                       ----------------    ----------------    ----------------
              Total Accounts Payable                                                 -                   -                   -
              Other Current Liabilities
                  Loan Payable                                                   2,359                   -               2,359
                                                                       ----------------    ----------------    ----------------
              Total Other Current Liabilities                                    2,359                   -               2,359
                                                                       ----------------    ----------------    ----------------
          Total Current Liabilities                                              2,359                   -               2,359
                                                                       ----------------    ----------------    ----------------
      Total Liabilities                                                          2,359                   -               2,359
      Equity
          Additional Paid-in-Capital                                            68,000                   -              68,000
          Common Stock (25,000,000 shares
              authorized, 8,000,000 shares
              issued and outstanding)                                            8,000                   -               8,000
          Accumulated Deficit                                                  (78,301)                  -             (78,301)
      Total Deficit                                                             (2,301)                  -              (2,301)
                                                                       ----------------    ----------------    ----------------
TOTAL LIABILITIES & DEFICIT                                            $            58     $             -     $            58
                                                                       ================    ================    ================

</TABLE>

<PAGE>
                               SIAM IMPORTS, INC.
                 PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
                          Year Ended December 31, 2005

<TABLE>
<CAPTION>
                                                                SI                      AD
                                                              Audited                Unaudited              Unaudited
                                                                    Twelve months ended                    Consolidated
                                                            Dec 31, 05              Dec 31, 05              Dec 31, 05
                                                        -------------------     -------------------     -------------------
<S>                                                     <C>                    <C>                     <C>
Revenue
      Revenue                                           $                -      $                -      $                -


Operating Expenses

      General and Administrative                        $           13,245      $                -      $           13,245
      Professional Fees                                             35,000                       -                  35,000
                                                        -------------------     -------------------     -------------------
      Total Expense                                                 48,245                       -                  48,245
                                                        -------------------     -------------------     -------------------

Losses from Operations                                             (48,245)                      -                 (48,245)

Other Income (Expenses)
      Other Expense
          Miscellaneous Expense                                         77                       -                      77
          Interest Expense                                               -                       -                       -
                                                        -------------------     -------------------     -------------------
      Total Other Expense                                               77                       -                      77
                                                        -------------------     -------------------     -------------------

Losses before provision for
      income taxes and minority
      interest                                                     (48,322)                      -                 (48,322)

Provision from income taxes                                              -                       -                       -
                                                        -------------------     -------------------     -------------------

Net Loss                                                $          (48,322)     $                -                 (48,322)
                                                        ===================     ===================     ===================

</TABLE>



<PAGE>

                               SIAM IMPORTS, INC.
                 PRO FORMA CONSOLIDATED STATEMENT OF CASH FLOWS
                          YEAR ENDED DECEMBER 31, 2005
<TABLE>
<CAPTION>

                                                               SI                      AD                Consolidated
                                                             Audited               Unaudited               Unaudited
                                                           Jan - Dec 05            Jan - Dec 05           Jan - Dec 05
                                                        ---------------------------------------------------------------------
<S>                                                     <C>                    <C>                     <C>
Cash flow from
 Operating Activities:
      Net Loss                                          $        (48,322)      $               -       $        (48,322)
      Adjustments to reconcile
       net loss to net cash used
       by operating activities:
          Stock issued for services                               31,000                       -                 31,000
          (Increase) Decrease in
           inventory                                               4,972                       -                  4,972
          Increase (Decrease) in
           accounts payable                                       (2,987)                      -                 (2,987)
          Increase (Decrease) in
           loan payable                                            2,359                       -                  2,359
                                                        -----------------      ------------------      -----------------
      Net cash used by operating
       activities                                       $        (12,978)      $               -       $        (12,978)

Cash flow from
 Investing Activities:
      Security Deposits on property
       and equipment                                                   -                       -                      -
                                                        -----------------      ------------------      -----------------
      Net cash used by investing
       activities                                                      -                       -                      -

Cash flow from
 Financing Activities:
      Net cash provided by
       financing activities                             $              -       $               -       $              -

Net Decrease in cash                                             (12,978)                      -                (12,978)
Cash at beginning of period                                       13,036                       -                 13,036
                                                        -----------------      ------------------      -----------------

Cash at end of period                                   $             58       $               -       $             58
                                                        =================      ==================      =================

</TABLE>

<PAGE>
<TABLE>
                               SIAM IMPORTS, INC.
                PRO FORMA CONSOLIDATED BALANCE SHEET - UNAUDITED
                              As of March 31, 2006

                                                                             SI                  AD              Consolidated
                                                                            as of               as of               as of
                                                                         Mar 31, 06          Mar 31, 06          Mar 31, 06
                                                                       ----------------    ----------------    ----------------
<S>                                                                             <C>                    <C>                     <C>
ASSETS
      Current Assets
          Checking/Savings
              Cash in Bank                                             $            40     $         7,360     $         7,400
                                                                       ----------------    ----------------    ----------------
          Total Checking/Savings                                                    40               7,360               7,400
          Other Current Assets
              Inventory                                                              -                   -                   -
              Deposits                                                               -             166,140             166,140
                                                                       ----------------    ----------------    ----------------
          Total Other Current Assets                                                 -             166,140             166,140
                                                                       ----------------    ----------------    ----------------
      Total Current Assets                                                          40             173,500             173,540
                                                                       ----------------    ----------------    ----------------
TOTAL ASSETS                                                           $            40     $       173,500     $       173,540
                                                                       ================    ================    ================

LIABILITIES & DEFICIT
      Liabilities
          Current Liabilities
              Accounts Payable
                  Accounts Payable - trade                                           -               3,375               3,375
                  Accounts Payable - DGMAC                                           -              75,000              75,000
                  Accounts Payable - Apollo Res.                       $             -     $       106,000     $       106,000
                                                                       ----------------    ----------------    ----------------
              Total Accounts Payable                                                 -             184,375             184,375
              Other Current Liabilities
                  Loan Payable                                                   2,359                   -               2,359
                                                                       ----------------    ----------------    ----------------
              Total Other Current Liabilities                                    2,359                   -               2,359
                                                                       ----------------    ----------------    ----------------
          Total Current Liabilities                                              2,359             184,375             186,734
                                                                       ----------------    ----------------    ----------------
      Total Liabilities                                                          2,359             184,375             186,734
      Equity
          Additional Paid-in-Capital                                            68,000                   -              68,000
          Membership Interest in LLC                                                                   300
          Common Stock (25,000,000 shares
              authorized, 8,000,000 shares
              issued and outstanding)                                            8,000                                   8,000
          Accumulated Deficit                                                  (78,319)            (11,175)            (89,494)
      Total Equity                                                              (2,319)            (10,875)            (13,194)
                                                                       ----------------    ----------------    ----------------
TOTAL LIABILITIES & DEFICIT                                            $            40     $       173,500     $       173,540
                                                                       ================    ================    ================

</TABLE>

<PAGE>
                               SIAM IMPORTS, INC.
           PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS - UNAUDITED
                    For the Three Months Ended March 31, 2006
<TABLE>
<CAPTION>

                                                                SI                      AD
                                                                    Three months ended                     Consolidated
                                                            Mar 31, 06              Mar 31, 06              Mar 31, 06
                                                        -------------------     -------------------     -------------------
<S>                                                     <C>                    <C>                     <C>
Revenue
      Revenue                                           $                -      $                -      $                -


Operating Expenses

      General and Administrative                        $               18      $              300      $              318
      Professional Fees                                                  -                  10,875                  10,875
                                                        -------------------     -------------------     -------------------
      Total Expense                                                     18                  11,175                  11,193
                                                        -------------------     -------------------     -------------------

Losses from Operations                                                 (18)                (11,175)                (11,193)

Other Income (Expenses)
      Other Expense
          Miscellaneous Expense                                          -                       -                       -
          Interest Expense                                               -                       -                       -
                                                        -------------------     -------------------     -------------------
      Total Other Expense                                                -                       -                       -
                                                        -------------------     -------------------     -------------------

Losses before provision for
      income taxes and minority
      interest                                                         (18)                (11,175)                (11,193)

Provision from income taxes                                              -                       -                       -
                                                        -------------------     -------------------     -------------------

Net Loss                                                $              (18)     $          (11,175)                (11,193)
                                                        ===================     ===================     ===================

</TABLE>

<PAGE>
                               SIAM IMPORTS, INC.
           PRO FORMA CONSOLIDATED STATEMENT OF CASH FLOWS - UNAUDITED
                    For the Three Months Ended March 31, 2006
<TABLE>
<CAPTION>
                                                               SI                      AD                Consolidated
                                                             Jan - Mar 06            Jan - Mar 06           Jan - Mar 06
                                                        ---------------------------------------------------------------------
<S>                                                     <C>                    <C>                     <C>
Cash flow from
 Operating Activities:
      Net Loss                                          $            (18)      $         (11,175)      $        (11,193)
      Adjustments to reconcile
       net loss to net cash used
       by operating activities:
          Stock issued for services                                    -                       -                      -
          (Increase) Decrease in
           inventory                                                   -                       -                      -
          Increase (Decrease) in
           accounts payable                                            -                 184,375                184,375
          Increase (Decrease) in
           loan payable                                                -                       -                      -
                                                        -----------------      ------------------      -----------------
      Net cash used by operating
       activities                                       $            (18)      $         173,200       $        173,182

Cash flow from
 Investing Activities:
      Security Deposits on property
       and equipment                                                   -                (166,140)              (166,140)
                                                        -----------------      ------------------      -----------------
      Net cash used by investing
       activities                                                      -                (166,140)              (166,140)

Cash flow from
 Financing Activities:
      Membership interest in LLC                        $              -       $             300       $            300
                                                        -----------------      ------------------      -----------------
      Net cash provided by                              $              -       $             300       $            300
       financing activities


Net Decrease in cash                                                 (18)                  7,360                  7,342
Cash at beginning of period                                       13,036                       -                 13,036
                                                        -----------------      ------------------      -----------------

Cash at end of period                                   $         13,018       $           7,360       $         20,378
                                                        =================      ==================      =================

</TABLE>


<PAGE>








ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
-----------------------------------------------------------------
The  following  discussion  should  be read in conjunction with the information
contained in the audited financial statements  and  notes  thereto set forth in
our Annual Report on Form 10-KSB for the year ended December  31,  2005,  which
can be found in its entirety on the SEC website at www.sec.gov.

Note Regarding Forward-Looking Statements
-----------------------------------------
The  statements  contained  in this  Form 10-QSB that are not purely historical
are forward-looking statements  within  the  meaning  of  Section  27A  of  the
Securities Act of 1933, as amended, and  Section 21E of the Securities Exchange
Act  of  1934,  as  amended.  These  include statements about our expectations,
beliefs, intentions or strategies for  the future, which are indicated by words
or  phrases  such  as  anticipate,  expect, intend,  plan,  will,  the  Company
believes, management believes and similar words or phrases. The forward-looking
statements are based on our current expectations  and  are  subject  to certain
risks,   uncertainties   and  assumptions.  Our  actual  results  could  differ
materially from results anticipated  in  these  forward-looking statements. All
forward-looking statements included in this document  are  based on information
available to us on the date hereof, and we assume no obligation  to  update any
such forward-looking statements.

Overview
--------
We  are  a  development  stage company and have not yet generated any revenues.
Since our cash reserves have  been  depleted  and  we  are basically relying on
contributions from our officers and directors for operating expenses, we may be
forced to seek other sources of capital to continue operations.

We may need to raise additional capital in the future through  equity  or  debt
financings  or  capitalize on other business opportunities in order to continue
operations. There  can be no assurance that we will be able to raise additional
financing on favorable  terms  or  that  we  will  generate any interest in our
proposed operations sufficient to provide the funds we require to continue with
our current business plans.

Results of Operations
---------------------

Three Months Ended March 31, 2006 compared to Three Months Ended March 31, 2005
-------------------------------------------------------------------------------

We  are  a development stage company and have not yet  generated  any  revenues
since inception.

Operating  expenses  were  $18  for  the three months ended March 31, 2006, all
consisting of general and administrative  expenses,  as  compared to $4,881 for
the three months ended March 31, 2005.

Net loss was $18 or $0.01 per share for the three months ended  March 31, 2006,
as compared to $8,958 or $0.01 per share for the three months ended  March  31,
2005.
<PAGE>
Liquidity and Capital Resources
-------------------------------

Three Months Ended March 31, 2006 compared to Three Months Ended March 31, 2005
-------------------------------------------------------------------------------


At March 31, 2006, our only source of liquidity consisted of $40 in cash in the
bank.

Net cash used in operating activities for the three months ended March 31, 2006
was $18.

There  was  no cash provided by financing or investing activities for the three
months ended March 31, 2006.

Our stockholders' deficit was $2,319 at March 31, 2006.

In the next 12  months,  we  do  not  intend  to spend any substantial funds on
research and development and do not intend to purchase any major equipment.

We do not intend to hire any new employees during  the ensuing year, unless our
business operations expand sufficiently to warrant additional staff.

We do not anticipate any material commitments for capital  expenditures  in the
near  term.  We are not aware of any trend in our industry or capital resources
which may have a negative impact on our income or revenues.

Off-Balance Sheet Arrangements
------------------------------
We  have  no  off-balance  sheet  arrangements  or  contractual  or  commercial
commitments.

Critical Accounting Policies
----------------------------
The financial statements  included  herein  have  been prepared pursuant to the
rules  and  regulations  of  the  Securities and Exchange  Commission.  Certain
information and footnote disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting principles have been
condensed  or  omitted  pursuant  to  such  rules and regulations  for  interim
financial statements. Management believes the  disclosures made are adequate to
make the information not misleading and recommends that these unaudited interim
financial  statements  be  read  in  conjunction  with  the  audited  financial
statements and notes included in our Form 10K-SB as of December 31, 2005, which
can be found on the SEC Website at www.sec.gov under SEC File Number 000-50834.

The financial statements and accompanying notes included  herein  were prepared
in   accordance   with  generally  accepted  accounting  principles.  Preparing
financial statements  requires our Management to make estimates and assumptions
that affect the reported  amounts  of  assets and liabilities and disclosure of
contingent assets and liabilities at the  date  of the financial statements and
the  reported  amounts of revenues and expenses during  the  reporting  period.
These estimates  and  assumptions  are  affected by management's application of
accounting policies. These important accounting policies include the successful
efforts method of accounting for property  and  equipment, revenue recognition,
accounting for income taxes, accounting for environmental  matters, and foreign
currency translation.

We also apply SFAS No. 128, Earnings Per Share, for the calculation  of "Basic"
and "Diluted" earnings per share. Basic earnings per share includes no dilution
and  is  computed  by  dividing income available to common stockholders by  the
weighted average number  of  common  shares outstanding for the period. Diluted
earnings per share reflects the potential  dilution  of  securities  that could
share in our earnings.
<PAGE>

We have also adopted SFAS No. 52, Foreign Currency Translation, which  requires
that  the  translation of the applicable foreign currency into U.S. dollars  be
performed for  balance sheet accounts using current exchange rates in effect at
the balance sheet  date  and  for revenue and expense accounts using a weighted
average exchange rate during the  period.  The  gains  or losses resulting from
such translation are included in the consolidated statements  of  stockholders'
equity and comprehensive income.


ITEM 3. CONTROLS AND PROCEDURES
-------------------------------
Under  the supervision and with the participation of our management,  including
our principal  executive  officer  and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of  1934, as of the end of the period covered
by this report. Based on this evaluation,  our  principal executive officer and
principal  financial  officer  concluded  as of the evaluation  date  that  our
disclosure  controls  and  procedures were effective  such  that  the  material
information required to be included  in  our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified  in  SEC  rules and forms relating  to  our  company,  including  any
consolidating subsidiaries,  and  was  made  known to us by others within those
entities, particularly during the period when this report was being prepared.

Additionally, there were no significant changes  in our internal controls or in
other factors that could significantly affect these  controls subsequent to the
evaluation  date.  We  have  not  identified  any significant  deficiencies  or
material  weaknesses  in our internal controls, and  therefore  there  were  no
corrective actions taken.


                          PART II - OTHER INFORMATION
                          ---------------------------

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
----------------------------------------
A) The following exhibits  marked  with  an  asterisk  and required to be filed
herein are incorporated by reference and can be found in  their entirety in our
original Form 10-SB registration statement, filed on July 6,  2004,  under  SEC
File Number 000-50834:


     Exhibit No.           Description
     ----------            -----------
     *  3(a)               Articles of Incorporation
     *  3(b)               Bylaws
       31                  Sec. 302 Certification
       32                  Sec. 906 Certification


B) There were no reports on Form 8-K filed during the three months ended
September 30, 2005.










<PAGE>
                                  SIGNATURES
                                  ----------

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

                              SIAM IMPORTS, INC.,
                       a Nevada corporation (Registrant)

       Dated: May 22, 2006   By:        /s/ George Lowrance, CEO and Director


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

                              SIAM IMPORTS, INC.,
                       a Nevada corporation (Registrant)

       Dated: May 22, 2006   By:        /s/ George Lowrance
                                        ---------------------------------
                                        George Lowrance, CEO and Director


       Dated: May 22, 2006   By:        /s/ Wayne McPherson
                                        --------------------------
                                        Wayne McPherson, President