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 September 30,
                                     2005.

      [ ] Transition report under Section 13 or 15(d) of the Exchange Act
                 For the transition period from ---- to -----

                        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.)


                          Suite 1801- 1 Yonge Street
               Toronto, Ontario, Canada                 M5E 1W7
             ----------------------------------------      -------
            (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

     At September 30, 2005,  there  were  1,800,000  shares  of our common
     stock issued and outstanding.


                                     1
<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

                         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.


                                     2
<PAGE>
                              		SIAM IMPORTS, INC.
                      		 (A DEVELOPMENT STAGE COMPANY)
                              		  BALANCE SHEET

<TABLE>
<CAPTION>

				 			  Unaudited 	      Audited
				 			    As of	       As of
						    September 30, 2005	 December 31, 2004
						    ------------------	 -----------------
<S>							<C>			<C>

 ASSETS

Current assets
  Cash	 						$	    80 	      $     13,036
  Deposits			                                     - 	                 -
							--------------	      ------------
	Total current assets		                            80 	            13,036

Inventory	                           			 4,972 	             4,972
							--------------	      ------------
Total assets	 					$	 5,052	      $     18,008
							==============	      ============
 LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable					$        2,359	      $      2,987
							--------------	      ------------
	Total current liabilities	                         2,359 	             2,987
							--------------	      ------------
	Total liabilities	                           	 2,359 	             2,987

Stockholders' equity
  Common stock; $.001 par value;
    25,000,000 shares authorized,
    1,800,000 shares issued and outstanding	                 1,800 	             1,800
  Additional paid-in capital	                         	43,200 	            43,200
  Accumulated deficit			                       (42,307)	           (29,979)
							--------------	      ------------
	Total stockholders' equity	                         2,693 	            15,021
							--------------	      ------------
	Total liabilities and stockholders' equity	$        5,052	      $     18,008
							==============	      ============

</TABLE>


               See accompanying notes to Financial Statements.


                                      3
<PAGE>
                           					SIAM IMPORTS, INC.
                     					 (A DEVELOPMENT STAGE COMPANY)
                       					    STATEMENT OF OPERATIONS

<TABLE>
<CAPTION>
																	   May 27, 2003
																	    (Inception)
							9 months ended					3 months ended			      through
					September 30, 2005	September 30, 2004	September 30, 2005	September 30, 2004	September 30, 2005
					------------------	------------------	------------------	------------------	------------------
<S>						<C>			<C>			<C>			<C>		<C>

Revenue			 		$		-- 	$		-- 	$		-- 	$		-- 	$		--

Operating expenses
  General and administrative			     4,972		     8,054 	 	     1,172 	 	     1,767 	            27,887
  Professional fees 		 		     7,280	 	     3,764		 	 -		       500	   	    14,044
					------------------	------------------	------------------	------------------	------------------
	Total operating expenses	 	    12,252	 	    11,818	 	     1,172	 	     2,267 		    41,931
					------------------	------------------	------------------	------------------	------------------
  Loss from operations	 			   (12,252)		   (11,818)		    (1,172)		    (2,267)		   (41,931)

Other income (expenses):
  Other expense		 			       (76)		 	 -		 	 -		 	 - 		      (376)
  Interest expense		 			 -		 	 -		 	 -		 	 -		 	 -
					------------------	------------------	------------------	------------------	------------------
	Total other income (expenses)	 	       (76)			--		 	--			--	  	      (376)
					------------------	------------------	------------------	------------------	------------------
  Loss before provision for income taxes
   and minority interest	 		   (12,328)		   (11,818)		    (1,172)		    (2,267)		   (42,307)
Provision for income taxes			 	-- 	 		-- 			-- 			-- 			--
					------------------	------------------	------------------	------------------	------------------
Net loss			 	$	   (12,328)	$	   (11,818)	$	    (1,172)	$	    (2,267)	$	   (42,307)
					------------------	------------------	------------------	------------------	------------------


Basic and diluted loss per common share	$	     (0.01)	$	     (0.01)	$	     (0.00)	$	     (0.00)	$	     (0.02)
					==================	==================	==================	==================	==================
Basic and diluted weighted average
	common shares outstanding		 1,800,000	 	 1,800,000	 	 1,800,000 		 1,800,000 		 1,800,000
					==================	==================	==================	==================	==================

</TABLE>

                    See Accompanying Notes to Financial Statements

                                            4
<PAGE>
                            		       SIAM IMPORTS, INC.
                      			(A DEVELOPMENT STAGE COMPANY)
                         		    STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>

													     Unaudited
							     Unaudited		     Unaudited		   May 27, 2003
							  January 1, 2005	  January 1, 2004	    (Inception)
							      through		      through		      through
							September 30, 2005	September 30, 2004	September 30, 2005
							------------------	------------------	------------------
<S>							<C>				<C>		<C>

Cash flows from operating activities:
  Net loss	 					$          (12,328)	$          (11,818)	$          (42,307)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
  Changes in operating assets and liabilities:
     (Increase) / Decrease in Inventory	                                 - 	                 - 	            (4,972)
     Increase / (Decrease) in Accounts Payable	                      (628)	                 - 	             2,359
     Change in deposits	                                   		 - 	                 - 	                 -
							------------------	------------------	------------------
	Net cash used by operating activities	                   (12,956)	           (11,818)	           (44,920)

Cash flows from investing activities:
  Purchase of property and equipment	                                 - 	 	         			 -
							------------------	------------------	------------------
	Net cash used by investing activities	                         - 	                 - 	                 -

Cash flows from financing activities:
  Proceeds from issuance of common stock	                         - 	 	    45,000
							------------------	------------------	------------------
	Net cash provided by financing activities 	                 - 	                 - 	            45,000
							------------------	------------------	------------------

Net increase in cash	                        		   (12,956)	           (11,818)	                80

Cash, beginning of period	                         	    13,036 	            36,308 	                --
							------------------	------------------	------------------
Cash, end of period					$               80 	$           24,490 	$               80
							==================	==================	==================

Supplementary cash flow information:
  Cash payments for income taxes	 		$               -- 	$               -- 	$               --
							==================	==================	==================
  Cash payments for interest	 			$               -- 	$               -- 	$               --
							==================	==================	==================

</TABLE>

              See accompanying notes to financial statements

                                             5
<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  is  Dennis   Eldjarnson,   its  Secretary  is  Debbie
     Eldjarnson and Nutjaree Saengjan as a director.

     Going  concern  -  The Company incurred net losses  of  approximately
     $42,307 from the period  of  May 27, 2003 (Date of Inception) through
     September  30,  2005 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

     1.  DESCRIPTION OF  BUSINESS,  HISTORY  AND  SUMMARY  OF  SIGNIFICANT
     POLICIES, Continued
     --------------------------------------------------------------
     Income  taxes  -  The  Company  accounts  for  its  income  taxes  in
     accordance  with Statement of Financial Accounting Standards No. 109,
     which requires recognition of deferred tax assets and liabilities for
     future  tax consequences  attributable  to  differences  between  the
     financial   statement   carrying   amounts  of  existing  assets  and
     liabilities  and their respective tax  bases  and  tax  credit  carry
     forwards.  Deferred  tax  assets  and  liabilities are measured using
     enacted tax rates expected to apply to taxable income in the years in
     which those temporary differences are expected  to  be  recovered  or
     settled.   The  effect  on  deferred  tax assets and liabilities of a
     change in tax rates is recognized in operations  in  the  period that
     includes the enactment date.

     Management feels the Company will have a net operating loss carryover
     to be used for future years.  Such losses may not be fully deductible
     due  to  the  significant  amounts  of  non-cash service costs.   The
     Company has not established a valuation allowance  for  the  full tax
     benefit  of  the  operating  loss  carryovers  due to the uncertainty
     regarding realization.

     Net loss per common share - The Company computes  net  loss per share
     in  accordance with SFAS No. 128, Earnings per Share (SFAS  128)  and
     SEC Staff  Accounting Bulletin No. 98 (SAB 98).  Under the provisions
     of SFAS 128  and  SAB  98,  basic  net  loss per share is computed by
     dividing the net loss available to common stockholders for the period
     by the weighted average number of shares  of common stock outstanding
     during the period.  The calculation of diluted  net  loss  per  share
     gives  effect  to common stock equivalents; however, potential common
     shares are excluded  if their effect is antidilutive.  For the period
     from May 27, 2003 (Date  of Inception) through September 30, 2005, no
     options and warrants were  excluded  from  the computation of diluted
     earnings per share because their effect would be antidilutive.

     Revenue recognition - The Company has no revenues  to  date  from its
     operations.

     Stock-based  compensation - The Company applies Accounting Principles
     Board  ("APB")  Opinion  No.  25,  Accounting  for  Stock  Issued  to
     Employees,  and  Related  Interpretations,  in  accounting  for stock
     options issued to employees.  Under APB No. 25, employee compensation
     cost is recognized when estimated fair value of the underlying  stock
     on date of the grant exceeds exercise price of the stock option.  For
     stock  options  and  warrants  issued  to  non-employees, the Company
     applies SFAS No. 123, Accounting for Stock-Based  Compensation, which
     requires  the recognition of compensation cost based  upon  the  fair
     value of stock  options  at  the  grant  date using the Black-Scholes
     option pricing model.

     The following table represents the effect  on  net  loss and loss per
     share  if  the  Company had applied the fair value based  method  and
     recognition provisions of Statement of Financial Accounting Standards
     (SFAS) No. 123, "Accounting  for Stock-Based Compensation", to stock-
     based employee compensation for the period ended September 30, 2005:

                                        	2005
                                             -----------

     Net loss, as reported                   $    (1,172)
     Other comprehensive income                       --
     Add:  Stock-based employee compensation
           expense included in reported loss,
           net of related tax effects                 --
     Deduct:  Total stock-based employee
           compensation expense determined
           under fair value based methods
           for all awards, net of related
           tax effects                                --
                                             -----------
     Pro forma net loss                      $    (1,172)
                                             ===========
     Net loss per common share:
         Basic and fully diluted loss
         per share, as reported              $     (0.00)
                                             ===========
         Basic and fully diluted loss per
         share, pro forma                    $     (0.00)
                                             ===========


                                     7
<PAGE>
                               SIAM IMPORTS, INC.
                        (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO FINANCIAL STATEMENTS

     1.  DESCRIPTION  OF  BUSINESS, HISTORY  AND  SUMMARY  OF  SIGNIFICANT
     POLICIES, Continued
     --------------------------------------------------------------
     There were no stock options  granted  for  the period ended September
     30,  2005.  There are additionally no written  or  verbal  agreements
     related to the sale of any stock, option or warrants of the Company's
     common stock.

     Recent  Accounting Pronouncements - In December 2002, the FASB issued
     SFAS No.  148,  "Accounting  for Stock-Based Compensation- Transition
     and Disclosure". SFAS No. 148  amends  the  transition and disclosure
     provisions of SFAS No. 123. The Company is currently  evaluating SFAS
     No.  148  to  determine if it will adopt SFAS No. 123 to account  for
     employee stock  options  using the fair value method and, if so, when
     to begin transition to that method.

     In November 2004, the FASB  issued  SFAS No. 151, Inventory Costs, an
     amendment of ARB No. 43, Chapter 4. SFAS  No. 151 amends the guidance
     in  ARB  No.  43,  Chapter  4,  Inventory  Pricing,  to  clarify  the
     accounting  for abnormal amounts of idle facility  expense,  freight,
     handing costs, and spoilage. This statement requires that those items
     be recognized  as  current  period charges regardless of whether they
     meet the criterion of "so abnormal" which was the criterion specified
     in ARB No. 43. In addition, this  Statement  requires that allocation
     of fixed production overheads to the cost of production  be  based on
     normal  capacity of the production facilities. This pronouncement  is
     effective  for the Company beginning October 1, 2005. The Company has
     not yet assessed the impact on adopting this new standard.

     In December 2004, the FASB issued SFAS No. 123 (revised 2004). Share-
     Based Payment,  which  is  a revision of SFAS No. 123, Accounting for
     Stock-Based Compensation. SFAS  No. 123(R) supersedes APB Opinion No.
     25, Accounting for Stock Issued to Employees, and amends SFAS No. 95,
     Statement of Cash Flows. Generally,  the  approach in SFAS No. 123(R)
     is similar to the approach described in SFAS  No.  123. However, SFAS
     No. 123(R) requires all share-based payments to employees,  including
     grants  of  employee  stock  options,  to be recognized in the income
     statement  based on their fair values. Pro  forma  disclosure  is  no
     longer an alternative.  The  new  standard  will be effective for the
     Company  in  the first interim or annual reporting  period  beginning
     after December  15,  2005.  The  Company expects the adoption of this
     standard will have a material impact on its financial statements.

     In  December  2004,  the FASB issued  SFAS  No.  153,  "Exchanges  of
     Nonmonetary Assets, an amendment of APB Opinion No. 29 "effective for
     nonmonetary asset exchanges  occurring  in  the fiscal year beginning
     January 1, 2006. SFAS No. 153 requires that exchanges  of  productive
     assets  be  accounted  for at fair value unless fair value cannot  be
     reasonably determined or  the transaction lacks commercial substance.
     SFAS  No. 153 is not expected  to  have  a  material  effect  on  the
     company's Consolidated Financial Statements.

     In May  2005, the FASB issued SFAS 154, "Accounting Changes and Error
     Corrections  - a Replacement of APB Opinion No. 20 and FASB Statement
     No. 3".  SFAS  154 requires retrospective application to prior period
     financial statements of changes in accounting principle, unless it is
     impracticable to  determine either the period-specific effects or the
     cumulative  effect  of   the   change.   SFAS   154   also  redefines
     "restatement"   as   the  revising  of  previously  issued  financial
     statements to reflect  the  correction of an error. This statement is
     effective for accounting changes  and  corrections  of errors made in
     fiscal years beginning after December 15, 2005. The Company  does not
     believe that the adoption of SFAS 154 will have a significant  impact
     on the financial statements.

                                 8
<PAGE>
                               SIAM IMPORTS, INC.
                        (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO FINANCIAL STATEMENTS

     2. PROPERTY AND EQUIPMENT
     -------------------------
     As  of  September  30,  2005,  the  Company does not own any property
     and/or equipment.

     3. STOCKHOLDER'S EQUITY
     -----------------------
     The Company has 25,000,000 shares authorized and 1,800,000 issued and
     outstanding as of September 30, 2005.   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.

     4. LOAN FROM STOCKHOLDER
     ------------------------
     As of September  30,  2005,  there is a total of $2,359 that has been
     forwarded  by Dennis Eldjarnson  to  the  Company  with  no  specific
     repayment terms.

     5. RELATED PARTY TRANSACTIONS
     -----------------------------
     The Company  has  no  significant  related  party transactions and/or
     relationships with any individuals or entities.

     6. STOCK OPTIONS
     ----------------
     As of September 30, 2005, 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 September 30, 2005, the Company  is not aware of any current or
     pending litigation which may affect the Company's operations.

     8. SUBSEQUENT EVENTS
     --------------------
     There have been no subsequent events after  the  period  on September
     30, 2005, which are material to operations.

                                   9
<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,  2004,  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 September  30, 2005 compared to Three Months Ended
     September 30, 2004
     ---------------------------------------------------------------------
     We are a development stage company  and  have  not  yet generated any
     revenues since inception.

     Operating  expenses were $1,172 for the three months ended  September
     30, 2005, all  consisting  of general and administrative expenses, as
     compared to $2,267 for the three months ended September 30, 2004. The
     decrease in expenses from September  30,  2004  was  attributed to no
     professional  fees  incurred during the three months ended  September
     30, 2005.

     Net loss was $1,172 or  $0.00  per  share  for the three months ended
     September 30, 2005, as compared to $2,267 or  $0.01 per share for the
     three months ended September 30, 2004.

     Liquidity and Capital Resources
     -------------------------------

     Three Months Ended September 30, 2005 compared  to Three Months Ended
     September 30, 2004
     ---------------------------------------------------------------------

     At September 30, 2005, our only source of liquidity  consisted of $80
     in cash in the bank and $4,972 in unsold inventory.

     Net  cash  used  in  operating  activities for the nine months  ended
     September 30, 2005 was $12,956.
                                       10
<PAGE>
     There was no cash provided by financing  or  investing activities for
     the three or six months ended September 30, 2005.

     Our stockholders' equity was $2,693 at September 30, 2005.

     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, 2004, 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.

     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.

                                       11
<PAGE>
     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.

                                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: November 21, 2005   By: /s/ Dennis Eldjarnson, President,
                                CEO, Treasurer, CFO, Principal
                                Accounting Officer 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: November 21, 2005   By: /s/ Dennis Eldjarnson
				--------------------------
				Dennis Eldjarnson, President,
                                CEO, Treasurer, CFO, Principal
                                Accounting Officer and Director

     Dated: November 21, 2005   By:/s/ Deborah Eldjarnson
				--------------------------
				Deborah Eldjarnson, Secretary



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