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| CASTWELL PRECAST  CORPORATION                                                                 |
|-----------------------------------------------------------------------------------------------|
| (Exact      name of registrant as specified in charter)                                       |
|                                                                                          |   |
| NEVADA                                                                                        | 20-2722022 |
| (State      or other jurisdiction of incorporation or organization)                           | (I.R.S.      Employer Identification No.) |
|                                                                                          |   |
| 5641 South Magic Drive, Murray,      Utah                                                     | 84107 |
| (Address      of principal executive offices)                                                 | (Zip      Code) |
|                                                                                          |   |
| (801) 599-5543                                                                                |
| (Issuer’s      telephone number, including area code)                                   |
|                                                                                          |   |
| Not Applicable                                                                                |
| (Former      name, former address, and former fiscal year, if changed since last      report) |

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| CASTWELL      PRECAST CORPORATION                                                                                        |
|--------------------------------------------------------------------------------------------------------------------------|
| FORM      10-Q                                                                                                           |
|                                                                                                                     |
| FOR      THE QUARTER ENDED JUNE 30, 2010                                                                            |
|                                                                                                                     |
| INDEX                                                                                                                    |
|                                                                                                                     |   |
| PART I   Financial      Information                                                                            |   |
|                                                                                                                     |   |   |
| Item 1. Unaudited      Consolidated Condensed Financial Statements                                                       |   |
|                                                                                                                     | Consolidated      Condensed Balance Sheets | 3 |
|                                                                                                                     | Unaudited      Consolidated Condensed Statements of Operations | 4 |
|                                                                                                                     | Unaudited      Consolidated Condensed Statements of Cash Flows | 5 |
|                                                                                                                     | Unaudited      Notes to Consolidated Condensed Financial Statements | 6 |
|                                                                                                                     |   |
| Item      2.  Management’s Discussion and Analysis of Financial      Condition and Results of Operations | 11 |
|                                                                                                                     |   |
| Item      3.  Quantitative and Qualitative Disclosures About Market      Risk                                  | 15 |
|                                                                                                                     |   |
| Item      4T.  Controls and Procedures                                                                         | 15 |
|                                                                                                                     |   |
| PART II Other Information                                                                                                |   |
|                                                                                                                     |   |
| Item 1.  Legal      Proceedings                                                                                | 16 |
|                                                                                                                     |   |
| Item 1A.  Risk      Factors                                                                                    | 16 |
|                                                                                                                     |   |
| Item      2.  Unregistered Sales of Equity Securities and Use of      Proceeds                                 | 16 |
|                                                                                                                     |   |
| Item      3.  Defaults Upon Senior Securities                                                                  | 16 |
|                                                                                                                     |   |
| Item      4.  (Removed and Reserved)                                                                           | 16 |
|                                                                                                                     |   |
| Item 5.  Other      Information                                                                                | 16 |
|                                                                                                                     |   |
| Item      6.  Exhibits                                                                                         | 16 |
|                                                                                                                     |   |
| SIGNATURE                                                                                                                | 17 |

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|                                                                                                                                                  | (Unaudited)   |                                                                                                                                                    |              |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|
|                                                                                                                                                  | June      30, |                                                                                                                                                    | December      31, |
| ASSETS                                                                                                                                                | 2010          |                                                                                                                                                    | 2009              |
| Current      Assets:                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
|      Cash                                                                                                                    | $             |                 9,031                                              |              | $ |               1,362  |
|      Accounts      Receivable                                                                                                |          |                  2,400                                        |              |   |   |
| Total      Current Assets                                                                                                                             |          |                11,431                                                   |              |   |                 1,362  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
|      Equipment                                                                                                               |          |               93,332                                                         |              |   |               93,332  |
|      Less:  Accumulated      Depreciation                                                                          |          |              (67,950)                                                                  |              |   |               (61,938) |
|     Total      Equipment                                                                                                          |          |              25,382                                                               |              |   |               31,394  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
| Total      Assets                                                                                                                                     | $             |              36,813                                                               |              | $ |             32,756  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
| LIABILITIES      & STOCKHOLDERS' EQUITY                                                                                                           |          |                                                                                                                                                    |              |   |   |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
| Current      Liabilities                                                                                                                              |          |                                                                                                                                                    |              |   |   |
|      Accrued      Expenses                                                                                                   | $             |                8,980                                                    |              | $ |                3,942  |
|  Total      Liabilities                                                                                                                          |          |                   8,980                                  |              |   |                3,942  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
|      Commitments      and Contingencies                                                                                      |          |                         -  |              |   |                       -  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
| Stockholders'      Equity                                                                                                                             |          |                                                                                                                                                    |              |   |   |
|      Preferred      Stock - $.001 par value, 10,000,000 shares                                                               |          |                                                                                                                                                    |              |   |   |
|           authorized,      no shares issued and outstanding                                         |          |                     -                          |              |   |                       -  |
|      Common      Stock - $.001 par value, 50,000,000 shares                                                                  |          |                                                                                                                                                    |              |   |   |
|           authorized,      3,978,348 and 3,808,348 shares issued and outstanding June 30, 2010 |          |                                                                                                                                                    |              |   |   |
|           and      December 31, 2009                                                                |          |               3,978                                                          |              |   |                  3,808  |
|      Additional      Paid-in-Capital                                                                                         |          |           326,357                                                                                |              |   |              301,027  |
|      Accumulated      Deficit                                                                                                |          |           (302,502)                                                                                   |              |   |             (276,021) |
| Total      Stockholders' Equity                                                                                                                       |          |             27,833                                                                     |              |   |                28,814  |
|                                                                                                                                                  |          |                                                                                                                                                    |              |   |   |
| Total      Liabilities and Stockholders' Equity                                                                                                       | $             |             36,813                                                                     |              | $ |              32,756  |

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|                                                                   | Three      months ended |                                                                                  | Six      months ended |
|------------------------------------------------------------------------|-------------------------|---------------------------------------------------------------------------------------|-----------------------|
|                                                                   | June      30,           |                                                                                  | June      30,    |
|                                                                   | 2010                    |                                                                                  | 2009                  |   | 2010 |   | 2009 |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Revenues                                                               | $                       |       2,400                                        |                  | $ |           -  |   | $ |        2,400 |   | $ |        2,620 |
| Cost      of Goods Sold                                                |                    |         1,042                            |                  |   |            294  |   |   |          1,042 |   |   |          1,947 |
|      Gross      Profit                        |                    |         1,358                            |                  |   |           (294) |   |   |          1,358 |   |   |             673 |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Expenses:                                                              |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
|      General      and Administrative (Note 4) |                    |         9,745                            |                  |   |        21,219  |   |   |        21,827 |   |   |        33,898 |
|      Depreciation                             |                    |         3,006                            |                  |   |          3,006  |   |   |          6,012 |   |   |          6,012 |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Total      Operating Expenses                                          |                    |       12,751                                       |                  |   |        24,225  |   |   |        27,839 |   |   |        39,910 |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Other      Income and Expenses:                                        |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Interest      Income                                                   |                    |              -  |                  |   |             -  |   |   |              - |   |   |              - |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Net      Loss                                                          | $                       |   (11,393)                                                                  |                  | $ |    (24,519) |   | $ |   (26,481) |   | $ |     (39,237) |
|                                                                   |                    |                                                                                  |                  |   |   |   |   |   |   |   |   |
| Weighted      Average Common Shares Outstanding (Basic and Diluted)    |                    |   3,978,348                                                            |                  |   |    3,808,348  |   |   |   3,894,757 |   |   |    3,308,348 |
| Basic      and Diluted Loss per Common Share                           | $                       |       (0.00)                                            |                  | $ |        (0.01) |   | $ |        (0.01) |   | $ |         (0.01) |

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|                                                                                                       |   | Six      months ended |
|------------------------------------------------------------------------------------------------------------|--------|-----------------------|
|                                                                                                       |   | June      30,         |
|                                                                                                       |   | 2010                  |   | 2009 |
| Cash      Flows from Operating Activities:                                                                 |   |                  |   |   |   |   |
| Net      (Loss)                                                                                            |   | $                     |   (26,481) |   | $ |        (39,237) |
|                                                                                                       |   |                  |   |   |   |   |
| Adjustments      to reconcile net loss to net cash                                                         |   |                  |   |   |   |   |
| Provided      by operating activities:                                                                     |   |                  |   |   |   |   |
|      Depreciation                                                                 |   |                  |         6,012  |   |   |           6,012  |
|    Changes      in current assets and liabilities:                                          |   |                  |   |   |   |   |
|      Accounts      receivable                                                     |   |                  |       (2,400) |   |   |                  -  |
|      Accrued      expenses                                                        |   |                  |     5,038  |   |   |          18,818  |
|                                                                                                       |   |                  |   |   |   |   |
|           Net      cash (Used by) Operating Activities   |   |                  |     (17,831) |   |   |        (14,407) |
|                                                                                                       |   |                  |   |   |   |   |
|      Cash      Flows from Investing Activities                                    |   |                  |            -  |   |   |                   -  |
|                                                                                                       |   |                  |   |   |   |   |
|           Net      cash (Used by) Investing Activities   |   |                  |               -  |   |   |                   -  |
|                                                                                                       |   |                  |   |   |   |   |
| Cash      Flows from Financing Activities:                                                                 |   |                  |   |   |   |   |
|      Common      stock issued for Cash                                            |   |                  |      25,500  |   |   |                   -  |
|           Net      cash Provided by Financing Activities |   |                  |      25,500  |   |   |                   -  |
|                                                                                                       |   |                  |   |   |   |   |
| Net      (Decrease) Increase in Cash                                                                       |   |                  |        7,669  |   |   |         (14,407) |
|                                                                                                       |   |                  |   |   |   |   |
| Cash      at Beginning of Period                                                                           |   |                  |         1,362  |   |   |          42,624  |
|                                                                                                       |   |                  |   |   |   |   |
| Cash      at End of Period                                                                                 |   | $                     |        9,031  |   | $ |         28,217  |
|                                                                                                       |   |                  |   |   |   |   |
| Cash      paid for:                                                                                        |   |                  |   |   |   |   |
|                                                                                                       |   |                  |   |   |   |   |
| Interest                                                                                                   |   | $                     |                   -  |   | $ |                      -  |
| Taxes                                                                                                      |   |                  |                 -  |   |   |                    -  |

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| Office                    | $      | 138   |
|---------------------------|--------|-------|
| Legal/Professional        |   | 4,361 |
| Auto                      |   | 586   |
| Contract      Labor       |   | 4,500 |
| Taxes      & Licenses |   | 160   |
|                      | $      | 9,745 |

| Office                    | $      | 38     |
|---------------------------|--------|--------|
| Legal/Professional        |   | 16,648 |
| Supplies                  |   | 678    |
| Auto                      |   | 539    |
| Payroll                   |   | 1,896  |
| Rent                      |   | 1,200  |
| Taxes      & Licenses |   | 100    |
| Utilities                 |   | 120    |
|                      | $      | 21,219 |

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| Office                    | $      | 488    |
|---------------------------|--------|--------|
| Legal/Professional        |   | 15,656 |
| Auto                      |   | 1,023  |
| Taxes      & Licenses |   | 160    |
| Contract      Labor       |   | 4,500  |
|                      | $      | 21,827 |

| Office                    | $      | 170    |
|---------------------------|--------|--------|
| Legal/Professional        |   | 24,486 |
| Supplies                  |   | 834    |
| Auto                      |   | 1,422  |
| Taxes      & Licenses |   | 362    |
| Payroll                   |   | 4,326  |
| Rent                      |   | 2,000  |
| Utilities                 |   | 298    |
|                      | $      | 33,898 |

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|  ExhibitNumber |   | SEC      Reference Number |   |   Title      of Document                                                 |   |   Location |
|---------------------|--------|---------------------------|--------|------------------------------------------------------------------------------------|--------|----------------------|
|                |   |                      |   |                                                                               |   |                 |
| 31.1                |   | 31                        |   | Section      302 Certification of Chief Executive and Chief Financial      Officer |   | This      Filing     |
| 32.1                |   | 32                        |   | Section      1350 Certification of Chief Executive and ChiefFinancial      Officer |   | This      Filing     |

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|                                  | Castwell      Precast Corporation                                                                                                                                                                                                                                                                                                                                                                                  |
|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                  |                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                  |                                                                                                                                                                                                                                                                                                                                                                                                               |
| Date:  August      20, 2010 | By      /s/ Jason      Haislip                                                               |
|                                  | Jason      Haislip                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                  | President      and Treasurer                                                                                                                                                                                                                                                                                                                                                                                       |
|                                  | (Principal      Executive and Financial Officer)                                                                                                                                                                                                                                                                                                                                                                   |

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