----

| 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) 599-5443                                                                      |
| (Issuer’s telephone number, including area code)                              |
|                                                                                |   |
| Not Applicable                                                                      |
| (Former name, former address, and former fiscal year, if changed since last report) |

----

| PART I   Financial Information                                             |
|--------------------------------------------------------------------------------------|
|                                                                                 |
| Item 1.  Consolidated Condensed Unaudited Financial Statements             |
|                                                                                 | Consolidated Condensed Balance Sheets |   3 |
|                                                                                 | Consolidated Condensed Unaudited Statements of Operations |   4 |
|                                                                                 | Consolidated Condensed Unaudited 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        | 13 |
|                                                                                 |   |
| Item 4T.  Controls and Procedures                                          | 13 |
|                                                                                 |
| PART II Other Information                                                            |
|                                                                                 |   |
| Item 1.  Legal Proceedings                                                 | 14 |
|                                                                                 |   |
| Item 1A.  Risk Factors                                                     | 14 |
|                                                                                 |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds       | 14 |
|                                                                                 |
| Item 3.  Defaults Upon Senior Securities                                   | 14 |
|                                                                                 |
| Item 4.  (Removed and Reserved)                                            | 14 |
|                                                                                 |
| Item 5.  Other Information                                                 | 14 |
|                                                                                 |
| Item 6.  Exhibits                                                          | 14 |
|                                                                                 |
| SIGNATURE                                                                            | 15 |

----

|                                                                                                            | (Unaudited)                                                                                                                                       |   |                                                                                                                      |
|-----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|
|                                                                                                            | March 31,                                                                                                                                         |   | December 31,                                                                                                              |
| ASSETS                                                                                                          | 2011                                                                                                                                              |   | 2010                                                                                                                      |
| Current Assets:                                                                                                 |                                                                                                                                              |   |                                                                                                                      |
|      Cash                                                                              |  $               2,108                                            |   | $              4,247                                |
| Total Current Assets                                                                                            |                 2,108                                             |   |               4,247                                 |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
|      Equipment                                                                         |               93,332                                                        |   |              93,332                                      |
|      Less:  Accumulated Depreciation                                         | (76,968)                                                                                                                                          |   |             (73,962)                                          |
|     Total Equipment                                                                         |               16,364                                                        |   |             19,370                                            |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
| Total Assets                                                                                                    |  $             18,472                                                       |   | $            23,617                                           |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
| LIABILITIES & STOCKHOLDERS' EQUITY                                                                          |                                                                                                                                              |   |                                                                                                                      |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
| Current Liabilities                                                                                             |                                                                                                                                              |   |                                                                                                                      |
|      Accrued Expenses                                                                  |  $            28,650                                                             |   |  $            13,750                                     |
| Total Liabilities                                                                                               |              28,650                                                              |   |              13,750                                      |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
|      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 shares issued and             |                                                                                                                                              |   |                                                                                                                      |
|           outstanding at March 31, 2011 and December 31, 2010 |              3,978                                                               |   |          3,978                                                               |
|      Additional Paid-in-Capital                                                        |             326,357                                                                   |   |           326,357                                                       |
|      Accumulated Deficit                                                               |           (340,513)                                                                             |   |            (320,468)                                               |
| Total Stockholders' Equity                                                                                      |             (10,178)                                                                  |   |                 9,867                     |
|                                                                                                            |                                                                                                                                              |   |                                                                                                                      |
| Total Liabilities and Stockholders' Equity                                                                      |  $           18,472                                                                   |   | $            23,617                                           |

----

|                                                              | Three months ended                                                                                                                                 |
|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                              | March 31,                                                                                                                                          |
|                                                              | 2011                                                                                                                                               |   | 2010 |
|                                                              |                                                                                                                                               |   |   |
| Revenues                                                          |  $                       - |   |  $                       - |
| Cost of Goods Sold                                                |                        -        |   |                       - |
|      Gross Profit                        |                        -        |   |                       - |
|                                                              |                                                                                                                                               |   |   |
| Expenses:                                                         |                                                                                                                                               |   |   |
|      General and Administrative (Note 4) |                 17,039                                             |   |                 12,082 |
|      Depreciation                        |                   3,006                                  |   |                   3,006 |
|                                                              |                                                                                                                                               |   |   |
| Total Operating Expenses                                          |                 20,045                                             |   |                 15,088 |
|                                                              |                                                                                                                                               |   |   |
| Net Loss                                                          |  $           (20,045)                                                                  |   |  $            (15,088) |
|                                                              |                                                                                                                                               |   |   |
| Weighted Average Common Shares Outstanding (Basic and Diluted)    |           3,978,348                                                                              |   |            3,816,904 |
| Basic and Diluted Loss per Common Share                           |  $               (0.00)                                            |   |  $                (0.00) |

----

|                                                                                                           | Three months ended                                                                                                   |
|----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|
|                                                                                                           | March 31,                                                                                                            |
|                                                                                                           | 2011                                                                                                                 |   | 2010 |
| Cash Flows from Operating Activities:                                                                          |                                                                                                                 |   |   |
| Net (Loss)                                                                                                     |  $      (20,045)                                                                  |   |  $       (15,088) |
|                                                                                                           |                                                                                                                 |   |   |
| Adjustments to reconcile net loss to net cash                                                                  |                                                                                                                 |   |   |
| Provided by operating activities:                                                                              |                                                                                                                 |   |   |
|      Depreciation                                                                     |              3,006                                  |   |             3,006 |
|    Changes in current assets and liabilities:                                                   |                                                                                                                 |   |   |
|      Accrued expenses                                                                 |            14,900                                             |   |           11,283 |
|           Net cash  (Used by) Operating Activities |            (2,139)                                            |   |               (799) |
|                                                                                                           |                                                                                                                 |   |   |
| Cash Flows from 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                                                                                |            (2,139)                                            |   |           24,701 |
|                                                                                                           |                                                                                                                 |   |   |
| Cash at Beginning of Period                                                                                    |             4,247                                        |   |             1,362 |
|                                                                                                           |                                                                                                                 |   |   |
| Cash at End of Period                                                                                          |  $           2,108                                       |   |  $           26,063 |
|                                                                                                           |                                                                                                                 |   |   |
| Cash paid for:                                                                                                 |                                                                                                                 |   |   |
|                                                                                                           |                                                                                                                 |   |   |
| Interest                                                                                                       |  $                  - |   |  $                    - |
| Taxes                                                                                                          |                  -              |   |                    - |

----

----

----

| Office             | $               | 82     |
|--------------------|-----------------|--------|
| Legal/Professional |            | 15,796 |
| Auto               | 485             |
| Licenses           |   465 |
| Sales Tax          |            | 211    |
|               |            |   |
|               | $               | 17,039 |

| Office                                                        | $      | 331    |
|---------------------------------------------------------------|--------|--------|
| Legal/Professional                                            |   | 11,295 |
| Auto                                                          | 437    |
| Payroll          |   | 19     |
|                                                          |   |   |
|                                                          | $      | 12,082 |

----

----

----

----

----

----

|  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          |

----

|                          | Castwell Precast Corporation                                                                                                                                                                                                                                                                                                                                                                                                           |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Date:  May 16, 2011 | By /s/ Jason Haislip                                                                    |
|                          | Jason Haislip                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                          | President and Treasurer                                                                                                                                                                                                                                                                                                                                                                                                                |
|                          | (Principal Executive and Financial Officer)                                                                                                                                                                                                                                                                                                                                                                                            |

----