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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 SEPTEMBER 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 | 10 |
|                                                                                                           |   |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                  | 14 |
|                                                                                                           |   |
| Item 4T.  Controls and Procedures                                                                    | 14 |
|                                                                                                           |   |
| PART II Other Information                                                                                      |   |
|                                                                                                           |   |
| Item 1.  Legal Proceedings                                                                           | 15 |
|                                                                                                           |   |
| Item 1A.  Risk Factors                                                                               | 15 |
|                                                                                                           |   |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                 | 15 |
|                                                                                                           |   |
| Item 3.  Defaults Upon Senior Securities                                                             | 15 |
|                                                                                                           |   |
| Item 4.  (Removed and Reserved)                                                                      | 15 |
|                                                                                                           |   |
| Item 5.  Other Information                                                                           | 15 |
|                                                                                                           |   |
| Item 6.  Exhibits                                                                                    | 15 |
|                                                                                                           |   |
| SIGNATURE                                                                                                      | 16 |

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|                                                                                                          | (Unaudited)   |                                                                                                                      |         |   |
|---------------------------------------------------------------------------------------------------------------|---------------|---------------------------------------------------------------------------------------------------------------------------|--------------|--------|
|                                                                                                          | September 30, |                                                                                                                      | December 31, |
| ASSETS                                                                                                        | 2010          |                                                                                                                      | 2009         |
| Current Assets:                                                                                               |          |                                                                                                                      |         |   |   |
|      Cash                                                                            | $             |        4,952                                                                      |         | $      |          1,362  |
|      Accounts Receivable                                                             |          |                    -  |         |   |                  -  |
| Total Current Assets                                                                                          |          |               4,952                            |         |   |           1,362  |
|                                                                                                          |          |                                                                                                                      |         |   |   |
|      Equipment                                                                       |          |       93,332                                                                           |         |   |           93,332  |
|      Less:  Accumulated Depreciation                                       |          |     (70,956)                                                                                          |         |   |         (61,938) |
|      Total Equipment                                                                      |          |        22,376                                                                     |         |   |           31,394  |
|                                                                                                          |          |                                                                                                                      |         |   |   |
| Total Assets                                                                                                  | $             |         27,328                                                               |         | $      |         32,756  |
|                                                                                                          |          |                                                                                                                      |         |   |   |
| LIABILITIES & STOCKHOLDERS' EQUITY                                                                        |          |                                                                                                                      |         |   |   |
|                                                                                                          |          |                                                                                                                      |         |   |   |
| Current Liabilities                                                                                           |          |                                                                                                                      |         |   |   |
|      Accrued Expenses                                                                | $             |        9,937                                                                      |         | $      |           3,942  |
| Total Liabilities                                                                                             |          |               9,937                            |         |   |            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 at September 30, 2010 and              |          |                                                                                                                      |         |   |   |
|           December 31, 2009                                      |          |            3,978                                              |         |   |              3,808  |
|      Additional Paid-in-Capital                                                      |          |          326,357                                                        |         |   |           301,027  |
|      Accumulated Deficit                                                             |          |      (312,944)                                                                                   |         |   |       (276,021) |
| Total Stockholders' Equity                                                                                    |          |             17,391                                       |         |   |             28,814  |
|                                                                                                          |          |                                                                                                                      |         |   |   |
| Total Liabilities and Stockholders' Equity                                                                    | $             |        27,328                                                                     |         | $      |         32,756  |
|                                                                                                          |          |                                                                                                                      |         |   |   |
| See accompanying notes to consolidated condensed financial statements                                         |

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|                                                                  |  Three months ended |                                                                                        |  Nine months ended |
|-----------------------------------------------------------------------|--------------------------|---------------------------------------------------------------------------------------------|-------------------------|
|                                                                  |  September 30,      |                                                                                        |  September 30,     |
|                                                                  | 2010                     |                                                                                        | 2009                    |   | 2010 |   | 2009 |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Revenues                                                              | $                        |              -        |                    | $ |             -  |   | $ |         2,400  |   | $ |        2,620  |
| Cost of Goods Sold                                                    |                     |       416                                                |                    |   |      1,360  |   |   |          1,459  |   |   |        3,307  |
|      Gross Profit                            |                     |          (416)                                 |                    |   |        (1,360) |   |   |            941  |   |   |           (687) |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Expenses:                                                             |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
|      General and Administrative (Note 4)     |                     |      7,020                                                    |                    |   |      2,703  |   |   |        28,846  |   |   |      36,601  |
|      Depreciation                            |                     |      3,006                                                    |                    |   |       3,006  |   |   |          9,018  |   |   |         9,018  |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Total Operating Expenses                                              |                     |       10,026                                             |                    |   |        5,709  |   |   |       37,864  |   |   |        45,619  |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Other Income and Expenses:                                            |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Interest Income                                                       |                     |               -  |                    |   |                -  |   |   |               -  |   |   |                -  |
| Total Other Income and Expenses                                       |                     |               -  |                    |   |                -  |   |   |                -  |   |   |                - |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Net Loss                                                              | $                        |     (10,442)                                                            |                    | $ |        (7,069) |   | $ |     (36,923) |   | $ |    (46,306) |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
| Weighted Average Common SharesOutstanding (Basic and Diluted)         |                     |  3,978,348                                                                        |                    |   |   3,808,348  |   |   |   3,922,927  |   |   |  3,308,348  |
| Basic and Diluted Loss per Common Share                               | $                        |         (0.00)                                      |                    | $ |         (0.00) |   | $ |          (0.01) |   | $ |        (0.01) |
|                                                                  |                     |                                                                                        |                    |   |   |   |   |   |   |   |   |
|                                                                  |
| See accompanying notes to consolidated condensed financial statements |

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|                                                                                                  | Nine months ended |
|-------------------------------------------------------------------------------------------------------|-------------------|
|                                                                                                  | September 30,     |
|                                                                                                  | 2010              |   | 2009 |
| Cash Flows from Operating Activities:                                                                 |              |   |   |   |   |
| Net (Loss)                                                                                            | $                 |       (36,923) |   | $ |       (46,306) |
|                                                                                                  |              |   |   |   |   |
| Adjustments to reconcile net loss to net cash                                                         |              |   |   |   |   |
| Provided by operating activities:                                                                     |              |   |   |   |   |
|      Depreciation                                                            |              |            9,018  |   |   |             9,018  |
|    Changes in current assets and liabilities:                                          |              |   |   |   |   |
|      Accounts receivable                                                     |              |                   -  |   |   |                  -  |
|      Accrued expenses                                                        |              |            5,995  |   |   |             1,342  |
|                                                                                                  |              |   |   |   |   |
|           Net cash (Used by) Operating Activities   |              |         (21,910) |   |   |          (35,946) |
|                                                                                                  |              |   |   |   |   |
| 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                                                                       |              |            3,590  |   |   |          (35,946) |
|                                                                                                  |              |   |   |   |   |
| Cash at Beginning of Period                                                                           |              |            1,362  |   |   |           42,624  |
|                                                                                                  |              |   |   |   |   |
| Cash at End of Period                                                                                 | $                 |         4,952  |   | $ |          6,678  |
|                                                                                                  |              |   |   |   |   |
| Cash paid for:                                                                                        |              |   |   |   |   |
|                                                                                                  |              |   |   |   |   |
| Interest                                                                                              | $                 |                       -  |   | $ |                        -  |
| Taxes                                                                                                 |              |                    -  |   |   |                      -  |
|                                                                                                  |
| See accompanying notes to consolidated condensed financial statements                                 |

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| Office             | $      | 37    |
|--------------------|--------|-------|
| Legal/Professional |   | 3,125 |
| Auto               |   | 358   |
| Contract Labor     |   | 3,500 |
|               | $      | 7,020 |

| Office             | $      | 47    |
|--------------------|--------|-------|
| Legal/Professional |   | 1,772 |
| Auto               |   | 129   |
| Insurance          |   | 623   |
| Utilities          |   | 132   |
|               | $      | 2,703 |

| Office             | $      | 524    |
|--------------------|--------|--------|
| Legal/Professional |   | 18,781 |
| Auto               |   | 1,381  |
| Taxes/Licenses     |   | 160    |
| Contract Labor     |   | 8,000  |
|               | $      | 28,846 |

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| Office             | $      | 218    |
|--------------------|--------|--------|
| Legal/Professional |   | 26,258 |
| Supplies           |   | 834    |
| Auto               |   | 1,551  |
| Insurance          |   | 623    |
| Taxes/Licenses     |   | 362    |
| Payroll            |   | 4,326  |
| Rent               |   | 2,000  |
| Utilities          |   | 429    |
|               | $      | 36,601 |

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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:  November 12, 2010 | By /s/ Jason Haislip                                                               |
|                               | Jason Haislip                                                                                                                                                                                                                                                                                                                                                                                            |
|                               | President and Treasurer                                                                                                                                                                                                                                                                                                                                                                                  |
|                               | (Principal Executive and Financial Officer)                                                                                                                                                                                                                                                                                                                                                              |

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