UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

                 Quarterly Report under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934

                       For the Period ended March 31, 2008

                        Commission File Number 333-146263


                        TRES ESTRELLAS ENTERPRISES, INC.
             (Exact name of Registrant as specified in its charter)

        Nevada                                                  20-8644177
(State of Incorporation)                                (IRS Employer ID Number)

                          3401 Adams Avenue, Suite 302
                            San Diego, CA 92116-2490
                    Phone: (775) 352-3896 Fax (775) 996-8780
          (Address and telephone number of principal executive offices)

                                 With Copies To:
                      Jill Arlene Robbins, Attorney at Law
                              1224 Washington Ave.
                           Miami Beach, Florida 33139
                  Telephone: (305) 531-1174 Fax: (305) 531-1274

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company.

Large accelerated filer [ ]                        Accelerated Filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]
(Do Not Check if a Smaller Reporting Company)

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

As of March 31, 2008, the registrant had 5,500,000 shares of common stock,
$0.001 par value, issued and outstanding.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS.

The reviewed financial statements for the quarter ended March 31, 2008
immediately follow.



                                       2
<PAGE>
                               GEORGE STEWART, CPA
                     2301 SOUTH JACKSON STREET, SUITE 101-G
                            SEATTLE, WASHINGTON 98144
                        (206) 328-8554 FAX (206) 328-0383


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and
Stockholders of Tres Estrellas Enterprises, Inc.

I have reviewed the condensed balance sheet of Tres Estrellas Enterprises,  Inc.
(A Development  Stage  Company) as of March 31, 2008, and the related  condensed
statements of  operations  for the three months ended March 31, 2008 and for the
period  from  March  5,  2007  (inception)  to March  31,  2008,  and  condensed
statements  of cash flows for the three  months ended March 31, 2008 and for the
period  from  March 5, 2007  (inception)  to March  31,  2008.  These  financial
statements are the responsibility of the company's management.

I conducted my review in  accordance  with the  standards of the Public  Company
Accounting  Oversight  Board  (United  States).  A review of  interim  financial
information  consists  principally of applying analytical  procedures and making
inquiries of persons  responsible  for financial and accounting  matters.  It is
substantially less in scope than an audit conducted in accordance with standards
of the Public Company Accounting  Oversight Board (United States), the objective
of which is the  expression of an opinion  regarding  the  financial  statements
taken as a whole. Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made  to  the  accompanying  interim  financial  statements  for  them  to be in
conformity with generally accepted accounting principles in the United States of
America.

I have previously  audited,  in accordance with auditing standards of the Public
Company  Accounting  Oversight Board (United States),  the balance sheet of Tres
Estrellas  Enterprises,  Inc. (A  Development  Stage Company) as of December 31,
2007, and the related statements of operations, retained earnings and cash flows
for the year then ended (not presented herein);  and in my report dated February
22, 2008, I expressed a going concern opinion on those financial statements.  In
my opinion,  the information  set forth in the  accompanying  condensed  balance
sheet as of December 31, 2007, is fairly stated,  in all material  respects,  in
relation to the balance sheet from which it has been derived.


/s/ George Stewart, CPA
-------------------------------
Seattle, Washington
May 7, 2008

                                       3
<PAGE>
                        TRES ESTRELLAS ENTERPRISES, INC.
                          (A Development Stage Company)
                                 Balance Sheets
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                                         As of              As of
                                                                        March 31,         December 31,
                                                                          2008               2007
                                                                        --------           --------
<S>                                                                     <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                                  $ 15,021           $ 27,741
                                                                        --------           --------
TOTAL CURRENT ASSETS                                                      15,021             27,741

OTHER ASSETS
  Organization Costs                                                       1,970              1,970
                                                                        --------           --------
TOTAL OTHER ASSETS                                                         1,970              1,970
                                                                        --------           --------

                                                                        $ 16,991           $ 29,711
                                                                        ========           ========

                  LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Loan from Director                                                      19,470             15,470
                                                                        --------           --------
TOTAL CURRENT LIABILITIES                                                 19,470             15,470
                                                                        --------           --------

TOTAL LIABILITIES                                                         19,470             15,470

STOCKHOLDERS' EQUITY (DEFICIT)
  Common stock, ($0.001 par value, 75,000,000 shares
   authorized; 11,500,000 shares issued and outstanding
   as of March 31, 2008 and Dec 31, 2007 respectively)                    11,500             11,500
  Additional paid-in capital                                              23,500             23,500
  Deficit accumulated during exploration stage                           (37,479)           (20,759)
                                                                        --------           --------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                      (2,479)            14,241
                                                                        --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                $ 16,991           $ 29,711
                                                                        ========           ========
</TABLE>


                 See Accompanying Notes and Accountant's Report

                                       4
<PAGE>
                        TRES ESTRELLAS ENTERPRISES, INC.
                          (A Development Stage Company)
                            Statements of Operations
--------------------------------------------------------------------------------

                                                                  March 5, 2007
                                             Three Months          (inception)
                                                 Ended               through
                                               March 31,            March 31,
                                                 2008                 2008
                                              ----------           ----------
REVENUES
  Revenues                                    $       --           $       --
                                              ----------           ----------
TOTAL REVENUES                                        --                   --

OPERATING COSTS
  Administrative Expenses                         16,720               37,479
                                              ----------           ----------
TOTAL OPERATING COSTS                             16,720               37,479
                                              ----------           ----------

NET INCOME (LOSS)                             $  (16,720)          $  (37,479)
                                              ==========           ==========

BASIC EARNINGS (LOSS) PER SHARE               $    (0.00)
                                              ==========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                    11,500,000
                                              ==========


                 See Accompanying Notes and Accountant's Report

                                       5
<PAGE>
                        TRES ESTRELLAS ENTERPRISES, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                        March 5, 2007
                                                                     Three Months        (inception)
                                                                        Ended              through
                                                                       March 31,          March 31,
                                                                         2008               2008
                                                                       --------           --------
<S>                                                                    <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                                    $(16,720)          $(37,479)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
    (Increase) decrease in Organizational Costs                              --             (1,970)
    Increase (decrease) in Loan from Director                             4,000             19,470
                                                                       --------           --------

          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES           (12,720)           (19,979)

CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of equipment                                                   --                 --
                                                                       --------           --------

          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES                --                 --

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                                   --             11,500
  Additional paid-in capital                                                 --             23,500
                                                                       --------           --------

          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                --             35,000
                                                                       --------           --------

NET INCREASE (DECREASE) IN CASH                                         (12,720)            15,021

CASH AT BEGINNING OF PERIOD                                              27,741                 --
                                                                       --------           --------

CASH AT END OF PERIOD                                                  $ 15,021           $ 15,021
                                                                       ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
  Interest                                                             $     --           $     --
                                                                       ========           ========
  Income Taxes                                                         $     --           $     --
                                                                       ========           ========
</TABLE>


                 See Accompanying Notes and Accountant's Report

                                       6
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

1. ORGANIZATION

   Tres  Estrellas  Enterprises,  Inc. (the  "Company") is a Nevada  corporation
   incorporated  on March 5, 2007.  The Company is a  development  stage company
   that intends to utilize the latest  products and methods in pipe  restoration
   plumbing  contractor services for commercial and residential  buildings.  The
   latest products and methods in pipe  restoration  involve  cleaning  existing
   pipes in buildings  and  applying the latest epoxy  coatings to the inside of
   the pipes. These products and methods allow a building's pipes to be restored
   without  tearing out walls or pipes in the building.  To date,  the Company's
   activities  have been  limited  to its  formation  and the  raising of equity
   capital. The Company's fiscal year end is December 31.

   GOING CONCERN AND LIQUIDITY CONSIDERATIONS

   The accompanying  financial  statements have been prepared  assuming that the
   Company will continue as a going  concern,  which  contemplates,  among other
   things,  the  realization  of assets and  satisfaction  of liabilities in the
   normal course of business.  As at March 31, 2008, the Company had a loss from
   operations  of $37,479,  stockholders'  equity of ($2,479)  and has earned no
   revenues since  inception.  The Company  intends to fund  operations  through
   equity financing arrangements,  which may be insufficient to fund its capital
   expenditures, working capital and other cash requirements for the year ending
   December 31, 2008.

   The ability of the Company to emerge from the development  stage is dependent
   upon,  among  other  things,   obtaining  additional  financing  to  continue
   operations, development of its business plan and generation of revenue.

   These  factors,  among others,  raise  substantial  doubt about the Company's
   ability to continue as a going concern. The accompanying financial statements
   do not include  any  adjustments  that might  result from the outcome of this
   uncertainty.

2. SIGNIFICANT ACCOUNTING POLICIES

   a) BASIS OF PRESENTATION

   The  accounting  and  reporting  policies  of the  Company  conform  to  U.S.
   generally accepted accounting  principles (US GAAP) applicable to development
   stage companies.

   b) USE OF ESTIMATES

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

                                       7
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

2. SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

   c) CASH AND CASH EQUIVALENTS

   Cash and cash  equivalents  include cash in banks,  money market  funds,  and
   certificates  of term deposits with maturities of less than three months from
   inception,  which are readily convertible to known amounts of cash and which,
   in the opinion of management, are subject to an insignificant risk of loss in
   value.

   d) FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS

   The Company has adopted Statement of Financial  Accounting Standards ("SFAS")
   Number 119, "Disclosure About Derivative Financial Instruments and Fair Value
   of  Financial  Instruments."  The  carrying  amount  of  accrued  liabilities
   approximates  its fair  value  because  of the short  maturity  of this item.
   Certain fair value estimates may be subject to and involve, uncertainties and
   matters of significant  judgment,  and, therefore,  cannot be determined with
   precision. Changes in assumptions could significantly affect these estimates.
   The  Company  does  not  hold or  issue  financial  instruments  for  trading
   purposes, nor does it utilize derivative instruments in the management of its
   foreign exchange, commodity price or interest rate market risks.

   e) SEGMENTED REPORTING

   SFAS Number 131,  "Disclosure  About  Segments of an  Enterprise  and Related
   Information",  changed  the way public  companies  report  information  about
   segments of their business in their quarterly reports issued to shareholders.
   It also requires  entity-wide  disclosures about the products and services an
   entity provides,  the material countries in which it holds assets and reports
   revenues and its major customers.

   f) FEDERAL INCOME TAXES

   Deferred  income taxes are reported for timing  differences  between items of
   income or expense reported in the financial statements and those reported for
   income tax  purposes in  accordance  with SFAS Number  109,  "Accounting  for
   Income  Taxes",  which  requires  the use of the  asset/liability  method  of
   accounting  for income  taxes.  Deferred  income  taxes and tax  benefits are
   recognized  for the  future  tax  consequences  attributable  to  differences
   between the  financial  statement  carrying  amounts of  existing  assets and
   liabilities  and their  respective  tax  bases,  and for tax loss and  credit
   carryforwards. Deferred tax assets and liabilities are measured using enacted
   tax rates  expected  to apply to taxable  income in the years in which  those
   temporary  differences  are expected to be recovered or settled.  The Company
   provides for deferred taxes for the estimated future tax effects attributable
   to temporary  differences and  carryforwards  when realization is more likely
   than not.

                                       8
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

2. SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

   g) EARNINGS (LOSS) PER SHARE

   The  Company  has  adopted  Financial  Accounting  Standards  Board  ("FASB")
   Statement   Number  128,   "Earnings  per  Share,"   ("EPS")  which  requires
   presentation of basic and diluted EPS on the face of the income statement for
   all entities with complex capital structures and requires a reconciliation of
   the numerator and  denominator of the basic EPS  computation to the numerator
   and denominator of the diluted EPS computation. In the accompanying financial
   statements,  basic  earnings  (loss) per share is computed  by  dividing  net
   income/loss  by the  weighted  average  number  of  shares  of  common  stock
   outstanding during the period.

   h) STOCK-BASED COMPENSATION

   The Company  adopted the  provisions  of Statement  of  Financial  Accounting
   Standards  ("SFAS") No.  123(R),  "SHARE-BASED  PAYMENT",  which  establishes
   accounting for equity instruments exchanged for employee services.  Under the
   provisions of SFAS 123(R),  stock-based  compensation cost is measured at the
   grant  date,  based  on  the  calculated  fair  value  of the  award,  and is
   recognized  as an  expense  over  the  employees'  requisite  service  period
   (generally the vesting period of the equity grant).  The Company accounts for
   share-based  payments  to  non-employees,  in  accordance  with  SFAS 123 (as
   originally   issued)  and  Emerging   Issues  Task  Force  Issue  No.  96-18,
   "ACCOUNTING  FOR EQUITY  INSTRUMENTS  THAT ARE ISSUED TO OTHER THAN EMPLOYEES
   FOR ACQUIRING,  OR IN CONJUNCTION WITH SELLING,  GOODS OR SERVICES".  For the
   period  ended  March  31,  2008 the  Company  did not  have  any  stock-based
   compensation.

   i) REVENUE RECOGNITION

   The Company  recognizes  revenue  from the sale of products  and  services in
   accordance with Securities and Exchange  Commission Staff Accounting Bulletin
   No. 104 ("SAB 104"),  "Revenue Recognition in Financial  Statements." Revenue
   will consist of services  income and will be recognized  only when all of the
   following criteria have been met:

     (i)   Persuasive   evidence  for  an  agreement  exists;
     (ii)  Service has occurred;
     (iii) The fee is  fixed or  determinable;  and
     (iv)  Revenue is reasonably assured.

                                       9
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

3. CAPITAL STOCK

   a) AUTHORIZED STOCK

   The Company has  authorized  75,000,000  common shares with $0.001 par value.
   Each common share entitles the holder to one vote, in person or proxy, on any
   matter on which action of the stockholder of the corporation is sought.

   b) SHARE ISSUANCES

   Since  inception  (March 5, 2006),  to March 31, 2008, the Company has issued
   the following shares:

   A total of 5,500,000  common stock shares to the sole officer and director at
   $0.002 per share for a total of $11,000.

   A total of  6,000,000  common stock  shares to 40  unaffiliated  investors at
   $.004 per  share  for a total of  $24,000  pursuant  to an SB-2  Registration
   Statement.

4. INCOME TAXES

   The company has incurred  operating losses of $37,479,  which, if unutilized,
   will  begin to  expire in 2027.  Future  tax  benefits,  which may arise as a
   result  of  these  losses,  have  not  been  recognized  in  these  financial
   statements, and have been off set by a valuation allowance.

   Details of future income tax assets are as follows:

                                                                  March 31, 2008
                                                                  --------------
   Future income tax assets:
    Net operating loss (from inception (March 5, 2007 to
     March 31, 2008)                                                 $ 37,479
    Statutory tax rate (combined federal and state)                        34%
                                                                     --------
    Non-capital tax loss                                               12,743
    Valuation allowance                                               (12,743)
                                                                     --------
                                                                     $     --
                                                                     ========

   The potential future tax benefits of these losses have not been recognized in
   these financial statements due to uncertainty of their realization.  When the
   future  utilization of some portion of the carryforwards is determined not to
   be "more  likely than not," a valuation  allowance  is provided to reduce the
   recorded tax benefits from such assets.

                                       10
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

5. NEW ACCOUNTING PRONOUNCEMENTS

   Recent  accounting  pronouncements  that are listed  below did and/or are not
   currently  expected  to have a  material  effect on the  Company's  financial
   statements.

   FASB STATEMENTS:

   In December  2004,  the FASB issued  Financial  Accounting  Standards  No 123
   (revised  2004) (SFAS 123R),  "SHARE-BASED  PAYMENT." SFAS 123R replaces SFAS
   No. 123,  "ACCOUNTING  FOR  STOCK-BASED  COMPENSATION,"  and  supersedes  APB
   Opinion  No.  25,  "ACCOUNTING  FOR  STOCK  ISSUED TO  EMPLOYEES."  SFAS 123R
   requires compensation expense,  measured as the fair value at the grant date,
   related to share-based payment transactions to be recognized in the financial
   statements over the period that an employee  provides service in exchange for
   the award. SFAS 123R is effective in fiscal periods that begin after December
   15, 2005.

   In  December  2004,  FASB  issued  Financial  Accounting  Standards  No. 153,
   "EXCHANGES  OF  NON-MONETARY  ASSETS,  AN  AMENDMENT  OF APB  OPINION NO. 29,
   ACCOUNTING FOR NON-MONETARY  TRANSACTIONS  (SFAS 153)." This statement amends
   APB Opinion 29 to  eliminate  the  exception  for  non-monetary  exchanges of
   similar  productive  assets  and  replaces  it with a general  exception  for
   exchanges of non-monetary assets that do not have commercial substance. Under
   SFAS 153, if a  non-monetary  exchange of similar  productive  assets meets a
   commercial-substance   criterion   and  fair  value  is   determinable,   the
   transaction  must be accounted for at fair value  resulting in recognition of
   any gain or loss.  SFAS 153 is effective  in fiscal  periods that begin after
   June 15, 2005.

   In May 2005,  the FASB  issued SFAS No.  154,  "ACCOUNTING  CHANGES AND ERROR
   CORRECTIONS,  A REPLACEMENT  OF APB OPINION NO. 20 AND FASB STATEMENT NO. 3."
   This statement  changes the requirements for the accounting for and reporting
   of a change in  accounting  principle.  Previously,  Opinion 20 required that
   most voluntary changes in accounting  principle be recognized by including in
   net income of the period of change the cumulative effect of changing to a new
   principle.   This  statement  requires  retrospective  application  to  prior
   periods'  financial  statements  of changes  in  accounting  principle,  when
   practicable.

   In  February  2006,  FASB  issued  Financial  Accounting  Standards  No. 155,
   "Accounting for Certain Hybrid  Financial  Instruments - an amendment of FASB
   Statements  No. 133 and 140. This Statement  amends FASB  Statements No. 133,
   ACCOUNTING FOR DERIVATIVE  INSTRUMENTS AND HEDGING  ACTIVITIES,  and No. 140,
   ACCOUNTING   FOR   TRANSFERS   AND   SERVICING   OF   FINANCIAL   ASSETS  AND
   EXTINGUISHMENTS  OF LIABILITIES.  This Statement resolves issues addressed in
   Statement 133 Implementation  Issue No. D1,  "APPLICATION OF STATEMENT 133 TO
   BENEFICIAL INTERESTS IN SECURITIZED  FINANCIAL ASSETS." SFAS 155 is effective
   for all  financial  instruments  acquired or issued after the beginning of an
   entity's first fiscal year that begins after September 15, 2006.

   In  March  2006,  FASB  issued  Financial   Accounting   Standards  No.  156,
   "Accounting  for  Servicing  of  Financial  Assets  - an  amendment  of  FASB
   Statement No. 140." This Statement amends FASB Statement No. 140,  Accounting
   for  Transfers  and  Servicing of  Financial  Assets and  Extinguishments  of
   Liabilities,  with  respect  to  the  accounting  for  separately  recognized
   servicing  assets and  servicing  liabilities.  SFAS 156 is  effective in the
   first fiscal year that begins after September 15, 2006.

                                       11
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

5. NEW ACCOUNTING PRONOUNCEMENTS - CONTINUED

   In September 2006, FASB issued Financial  Accounting Standards No. 157, "Fair
   Value  Measurements."  This  Statement  defines  fair  value,  establishes  a
   framework  for  measuring  fair  value  in  generally   accepted   accounting
   principles  (GAAP),  and expands  disclosures about fair value  measurements.
   This Statement applies under other accounting  pronouncements that require or
   permit fair value  measurements,  the Board  having  previously  concluded in
   those accounting  pronouncements that fair value is the relevant  measurement
   attribute.  Accordingly,  this  Statement does not require any new fair value
   measurements.  However, for some entities,  the application of this Statement
   will change current practice.  SFAS 157 is effective in the first fiscal year
   that begins after November 15, 2007.

   In  September  2006,  FASB issued  Financial  Accounting  Standards  No. 158,
   "EMPLOYERS'  ACCOUNTING FOR DEFINED BENEFIT PENSION AND OTHER  POSTRETIREMENT
   PLANS - AN AMENDMENT OF FASB  STATEMENTS  NO. 87, 88, 106, AND 132(R)."  This
   Statement improves financial  reporting by requiring an employer to recognize
   the overfunded or underfunded status of a defined benefit postretirement plan
   (other than a  multiemployer  plan) as an asset or liability in its statement
   of financial  position and to recognize  changes in that funded status in the
   year in which the changes  occur through  comprehensive  income of a business
   entity  or  changes   in   unrestricted   net  assets  of  a   not-for-profit
   organization.  This Statement also improves financial  reporting by requiring
   an  employer  to measure  the  funded  status of a plan as of the date of its
   year-end statement of financial position,  with limited exceptions.  SFAS 158
   is effective.  An employer with publicly traded equity securities is required
   to initially recognize the funded status of a defined benefit  postretirement
   plan and to  provide  the  required  disclosures  as of the end of the  first
   fiscal year ending after December 15, 2006.

   In February 2007, FASB issued  Financial  Accounting  Standards No. 159, "THE
   FAIR VALUE OPTION FOR FINANCIAL  ASSETS AND FINANCIAL  LIABILITIES--INCLUDING
   AN AMENDMENT OF FASB STATEMENT NO. 115." This Statement  permits  entities to
   choose to measure many financial  instruments and certain other items at fair
   value. The objective is to improve financial  reporting by providing entities
   with the  opportunity to mitigate  volatility in reported  earnings caused by
   measuring related assets and liabilities  differently without having to apply
   complex hedge accounting provisions. This Statement is expected to expand the
   use of fair value measurement, which is consistent with the Board's long-term
   measurement objectives for accounting for financial instruments.  SFAS 159 is
   effective as of the  beginning  of an entity's  first fiscal year that begins
   after November 15, 2007.

6. RELATED PARTY TRANSACTIONS

   Jose Chavez, the sole officer and director of the Company may, in the future,
   become  involved in other business  opportunities  as they become  available,
   thus he may face a conflict  in  selecting  between the Company and his other
   business  opportunities.  The  company  has not  formulated  a policy for the
   resolution of such conflicts.

                                       12
<PAGE>
Tres Estrellas Enterprises, Inc.
(A DEVELOPMENT STAGE COMPANY)
Notes to Financial Statements
March 31, 2008
--------------------------------------------------------------------------------

6. RELATED PARTY TRANSACTIONS - CONTINUED

   Jose Chavez,  the sole officer and director of the Company,  was not paid for
   any  underwriting  services  that he  performed on behalf of the Company with
   respect to the Company's SB-2 offering.

   Mr. Chavez has advanced funds to the company to pay for any costs incurred by
   it.  These  funds  are  interest  free and  there  are no  specific  terms of
   repayment or any contract  regarding  the funds  loaned.  The balance due Mr.
   Chavez was $19,470 on March 31, 2008.


                                       13
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

Statements contained herein which are not historical facts are forward-looking
statements as that term is defined by the Private Securities Litigation Reform
Act of 1995. Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ
from those projected. The Company cautions investors that any forward-looking
statements made by the Company are not guarantees of future performance and
actual results may differ materially from those in the forward-looking
statements. Such risks and uncertainties include, without limitation:
established competitors who have substantially greater financial resources and
operating histories, regulatory delays or denials, ability to compete as a
start-up company in a highly competitive market, and access to sources of
capital.

BUSINESS

Our business plan is to offer a proposed pipe restoration services to commercial
and residential rental building owners in Baja California, Mexico in 2008. We
intend to utilize the latest products and methods in pipe restoration involving
cleaning existing pipes in buildings and applying the latest epoxy coatings to
coat and seal the inside of the pipes. These products and methods allow a
building's pipes to be restored without tearing out walls or pipes in the
building. This is a faster, cleaner, and less expensive way to restore older
pipes than traditional demolition of walls and pipes and installing all new
pipes. Pipe restoration is superior to pipe replacement as restoration will
normally double or triple the useful life of these pipes compared to the normal
thirty to forty year life of replacing the pipes. In addition, pipes may be
restored through the use of epoxy coatings two to three times before pipe
replacement is needed. Management has determined this type of pipe restoration
is between forty and fifty percent less costly than traditional construction
processes of removing existing pipes and installing new pipes in older building
frames and foundations. Epoxy coatings for pipe restoration have been used for
over twenty years in Europe, in commercial vessel repair, and by the U.S. Navy.
This type of pipe restoration process has been used in the United States for
over ten years, however, it has only found applications in commercial and
residential construction in Mexico during the last five years. Because of the
relative newness of this process, Management has only found two plumbing
contractors in Baja California who are currently offering this type of pipe
repair. Building owners have used traditional pipe replacement methods because
they are not aware of the advantages of using pipe relining, or there are no
plumbing contractors offering this service in their area.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at March 31, 2008 was $15,021. We have developed our marketing
plans, begun sales meetings with building owners for potential job bidding later
this year, and rented our first office space. We have contacted industry
equipment vendors and met with their sales representatives in order to determine
which companies we will utilize to either purchase or lease equipment we deem
necessary for our proposed plumbing services. We believe our existing cash
balance plus loans from our director will be sufficient to fund our operations
for the next twelve months during our development stage. In the event our
director does not provide such funding our business will likely fail, cease
operations, and investors will likely lose their money. We are a development
stage company and have generated no revenue to date.

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<PAGE>
RESULTS OF OPERATIONS

We have generated no revenues since inception and have incurred $37,479 in
expenses through March 31, 2008. For the three month period ended March 31, 2008
we incurred $16,720 in expenses. These costs consisted of general and
administrative expenses.

The following table provides selected financial data about our company for the
period ended March 31, 2008.

                    Balance Sheet Data:            3/31/08
                    -------------------            -------

                    Cash                          $ 15,021
                    Total assets                  $ 16,991
                    Total liabilities             $ 19,470
                    Shareholders' equity          $ (2,479)

There was $4,000 cash provided from operating activities for the quarter ended
March 31, 2008 which consisted of a loan from our director. From inception
through March 31, 2008 the director has loaned the company $19,470, for which
there are no specific terms of repayment. Cash provided by financing since
inception was $35,000, consisting of $11,000 from the sale of shares to our
officer and director and $24,000 resulting from the sale of our common stock to
40 unaffiliated investors.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES - As of the end of the period
covered by this report, an evaluation of the effectiveness of the design and
operation of the Company's disclosure controls and procedures (as defined in
Rule 13a-15(e) under the Exchange Act) was performed under the supervision and
with the participation of the Company's management, including the CEO and CFO.
Based on that evaluation, the Company's CEO and CFO concluded that the Company's
disclosure controls and procedures were effective as of March 31, 2008 to ensure
that information required to be disclosed in the reports it files and submits
under the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported as and when required.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING - There has been no change
in the Company's internal control over financial reporting during the most
recently completed fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the Company's internal control over financial
reporting

                                       15
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

There have been no material changes to the risk factors previously discussed in
Item 1A of the Company's Form 10-K for the year ended December 31, 2007.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

                                                                         Exhibit
                                                                         Number
                                                                         ------

     Certification of Chief Executive Officer pursuant to                 31.1
     18 U.S.C. 1350, as adopted pursuant to Section 302
     of the Sarbanes-Oxley Act of 2002

     Certification of Chief Financial Officer pursuant to                 31.2
     18 U.S.C. 1350, as adopted pursuant to Section 302
     of the Sarbanes-Oxley Act of 2002

     Certification of Chief Executive Officer and Chief                   32
     Financial Officer pursuant to 18 U.S.C. 1350, as
     adopted pursuant to Section 906 of the
     Sarbanes-Oxley Act of 2002

                                   SIGNATURES

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

Tres Estrellas Enterprises, Inc. (Registrant)


/s/ Jose Chavez
------------------------------------
Jose Chavez
President, Chief Executive Officer,
Chief Financial Officer and Director

Date: May 6, 2008

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