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 September 30, 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 October 30, 2008, the registrant had 11,500,000 shares of common stock,
$0.001 par value, issued and outstanding.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS.

The reviewed financial statements for the quarter ended September 30, 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  September  30,  2008,  and the  related
condensed statements of operations for the three and nine months ended September
30, 2008 and 2007 and for the period from March 5, 2007 (inception) to September
30,  2008,  and  condensed  statements  of cash flows for the nine months  ended
September 30, 2008 and 2007 and for the period from March 5, 2007 (inception) to
September 30, 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
October 24, 2008

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

<TABLE>
<CAPTION>
                                                                         As of               As of
                                                                      September 30,       December 31,
                                                                          2008               2007
                                                                        --------           --------
<S>                                                                     <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                                  $  4,725           $ 27,741
                                                                        --------           --------
TOTAL CURRENT ASSETS                                                       4,725             27,741

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

                                                                        $  6,695           $ 29,711
                                                                        ========           ========

                  LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Accounts Payable                                                           800
  Loan from Director                                                      19,470             15,470
                                                                        --------           --------
TOTAL CURRENT LIABILITIES                                                 20,270             15,470
                                                                        --------           --------

TOTAL LIABILITIES                                                         20,270             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 Sept. 30 2008 and Dec 31, 2007 respectively                      11,500             11,500
  Additional paid-in capital                                              23,500             23,500
  Deficit accumulated during exploration stage                           (48,575)           (20,759)
                                                                        --------           --------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                     (13,575)            14,241

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                $  6,695           $ 29,711
                                                                        ========           ========
</TABLE>


                 See Accompanying Notes and Accountant's Report

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

<TABLE>
<CAPTION>
                                                                                                      March 5, 2007
                                    Three Months      Nine Months     Three Months     Nine Months     (inception)
                                       Ended            Ended            Ended           Ended           through
                                      June 30,         June 30,         June 30,        June 30,         June 30,
                                        2008             2008             2007            2007             2008
                                     -----------      -----------      -----------     -----------      -----------
<S>                                  <C>              <C>              <C>             <C>              <C>
REVENUES
  Revenues                           $        --      $        --      $        --     $        --      $        --
                                     -----------      -----------      -----------     -----------      -----------

TOTAL REVENUES                                --               --               --              --               --

OPERATING COSTS
  Administrative Expenses                  5,140           27,816            4,361           5,076           48,575
                                     -----------      -----------      -----------     -----------      -----------

TOTAL OPERATING COSTS                      5,140           27,816            4,361           5,076           48,575
                                     -----------      -----------      -----------     -----------      -----------

NET INCOME (LOSS)                    $    (5,140)     $   (27,816)     $    (4,361)    $    (5,076)     $   (48,575)
                                     ===========      ===========      ===========     ===========      ===========

BASIC EARNINGS (LOSS) PER SHARE      $        --      $        --      $        --     $        --
                                     ===========      ===========      ===========     ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING            11,500,000       11,500,000        5,500,000       5,500,000
                                     ===========      ===========      ===========     ===========
</TABLE>


                 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
                                                               Nine Months         Nine Months       (inception)
                                                                  Ended              Ended             through
                                                                 June 30,           June 30,           June 30,
                                                                   2008               2007               2008
                                                                 --------           --------           --------
<S>                                                              <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                              $(27,816)          $ (5,076)          $(48,575)
  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 Accounts Payable                           800                 --                800
    Increase (decrease) in Loan from Director                       4,000                 --             19,470
                                                                 --------           --------           --------

          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     (23,016)            (5,076)           (30,275)

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                                             --              5,500             11,500
  Additional paid-in capital                                           --              5,500             23,500
                                                                 --------           --------           --------

          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES          --             11,000             35,000
                                                                 --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                   (23,016)             5,924              4,725

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

CASH AT END OF PERIOD                                            $  4,725           $  5,924           $  4,725
                                                                 ========           ========           ========

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
September 30, 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 September 30, 2008, the Company had a loss
     from  operations  of $48,575,  stockholders'  deficit of ($13,575)  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
September 30, 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
September 30, 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  September 30, 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
September 30, 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 June 30, 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 $48,575, 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:

                                                                  September 30,
                                                                      2008
                                                                    --------
     Future income tax assets:
       Net  operating  loss (from inception (March 5, 2007
        to September 30, 2008)                                      $ 48,575
       Statutory tax rate (combined federal and state)                    34%
                                                                    --------
       Non-capital tax loss                                           16,516
       Valuation allowance                                           (16,516)
                                                                    --------
                                                                    $     --
                                                                    ========

    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
September 30, 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 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.

     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

                                       11
<PAGE>
TRES ESTRELLAS ENTERPRISES, INC.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2008
--------------------------------------------------------------------------------

5. NEW ACCOUNTING PRONOUNCEMENTS - CONTINUED

     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

     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 September 30, 2008.

     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>
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 was formed 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.

In order to achieve our business plan goals, we will need additional funding.
During the current year we have witnessed a dramatic reduction in investor and
lender willingness to provide funding throughout the world. We are also
experiencing increased levels of resistance to our inquiries for new sources of
cash flows. We need to generate additional funding beyond that provided in the
past by our director. We are continuing our efforts to find that new funding.

LIQUIDITY AND CAPITAL RESOURCES

We cannot continually incur operating losses in the future and may decide that
we can no longer continue with our business operations as detailed in our
original business plan because of a lack of financial results and a lack of
available financial resources. Our cash balance at September 30, 2008 was
$4,725. 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. If we are unable to secure adequate capital to continue our business,
our shareholders will lose some or all of their investment and our business will

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<PAGE>
likely fail. Our director has advanced us funds of $19,470 and has agreed to
advance funds in a limited operations scenario. In the event our director does
not provide such funding, our business will likely fail. We are a development
stage company and have generated no revenue to date.

RESULTS OF OPERATIONS

We have generated no revenues since inception and have incurred $48,575 in
expenses through form inception through September 30, 2008. For the three month
period ended September 30, 2008 we incurred $5,140 in expenses. These costs
consisted of general and administrative expenses. For the same three month
period ended September 30, 2007 we incurred $4,361 in general and administrative
expenses. At this time, we intend to continue to implement our business plan at
a reduced level of activity, however, we believe we must also be open to
potential other business opportunities that could include possibly changing our
business plan, acquiring an existing business with sufficient cash flows, or
merging with another company. At this time we have not begun any negotiations
with any other company or made any agreements or other arrangements to change
our business plan, or implement any business merger or acquisition.

The following table provides selected financial data about our company for the
period ended September 30, 2008.

                    Balance Sheet Data:            9/30/08
                    -------------------            -------

                    Cash                          $  4,725
                    Total assets                  $  6,695
                    Total liabilities             $ 20,270
                    Shareholders' equity          $(13,575)

There was no cash provided from operating activities for the quarter ended
September 30, 2008. From inception the director had loaned the company $19,470.
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 September 30, 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.

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

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

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

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<PAGE>
                                   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                                           Date: November 6, 2008
------------------------------------
Jose Chavez
President, Chief Executive Officer,
Chief Financial Officer and Director


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