U. S. Securities and Exchange Commission
                           Washington, D. C. 20549

                                FORM 10-QSB

[X]    	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

        For the quarterly period ended September 30, 2005

[ ]    	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

        For the transition period from _____ to _____

                        Commission File No. 0-25319

                          MAUI GENERAL STORE, INC.
              ----------------------------------------------
              (Name of Small Business Issuer in its Charter)

              New York                              84-1275578
    ----------------------------------------------------------------------
    (State or Other Jurisdiction of          (I.R.S. Employer I.D. No.)
     incorporation or organization)

                     P.O. Box 297, Hana, Maui, HI 96713
                  ---------------------------------------
                  (Address of Principal Executive Offices)

                 Issuer's Telephone Number: (808) 248-8787

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 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 shell company (as defined
in Rule 12b-2 of the Exchange Act)   Yes  [X]     No  [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:  Indicate the number of shares
outstanding of each of the Registrant's classes of common stock, as of the
latest practicable date:
                          November 7, 2005
                          Common Voting Stock: 143,256,635

Transitional Small Business Disclosure Format (check one):  Yes [ ]  No  [X]

<PAGE>

                          MAUI GENERAL STORE, INC.
                          CONDENSED BALANCE SHEET
                          AS OF SEPTEMBER 30, 2005
                                (UNAUDITED)


ASSETS

TOTAL ASSETS                              $         -
                                             ========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES
 Accounts payable                         $       800
 Advances from stockholder                     55,545
                                             --------
 TOTAL CURRENT LIABILITIES                     56,345
                                             --------
STOCKHOLDERS' DEFICIENCY
 Common stock, $0.001 par value,
  500,000,000 shares authorized,
  143,256,635 shares issued and
  outstanding                                 143,257
 Additional paid in capital                   298,511
 Accumulated deficit                         (498,113)
                                             --------
Total Stockholders' Deficiency                (56,345)
                                             --------
TOTAL LIABILITIES AND STOCKHOLDERS'
 DEFICIENCY                               $         -
                                             ========


See accompanying notes to condensed financial statements.

                                    -1-


<PAGE>
                          MAUI GENERAL STORE, INC.
                    CONDENSED STATEMENT OF OPERATIONS
                                (UNAUDITED)


                    For the Three  For the Three  For the Nine  For the Nine
                    Months Ended   Months Ended   Months Ended  Months Ended
                    September 30,  September 30,  September 30, September 30,
                        2005           2004           2005          2004
                   -----------------------------------------------------------
OPERATING EXPENSES
 General and
 administrative      $  2,960       $  1,600       $  18,749     $   6,258
                      -------        -------        --------      --------
Total Operating
 Expenses               2,960          1,600          18,749         6,258
                      -------        -------        --------      --------
LOSS FROM OPERATIONS   (2,960)        (1,600)        (18,749)       (6,258)

OTHER INCOME
 Forgiveness of debt        -              -               -        32,289
                      -------        -------        --------      --------
Total Other Income          -              -               -        32,289
                      -------        -------        --------      --------
INCOME (LOSS)
 BEFORE DISCONTINUED
 OPERATIONS            (2,960)        (1,600)        (18,749)       26,031

DISCONTINUED
 OPERATIONS
 Gain from sale of
  discontinued
  operations, net of
  income taxes              -              -          41,307             -
 Income (loss) from
  discontinued
  operations                -          3,157            (172)        7,302
                      -------        -------        --------      --------
Total Income (Loss)
 From Discontinued
 Operations                 -          3,157          41,135         7,302
                      -------        -------        --------      --------
NET INCOME (LOSS)    $ (2,960)      $  1,557       $  22,386     $  33,333
                      =======        =======        ========      ========
INCOME (LOSS) PER
 COMMON SHARE -
 BASIC AND DILUTED
 Loss from
  continuing
  operations         $      -       $      -       $       -     $       -
 Income from
  discontinued
  operations         $      -       $      -       $       -     $       -
                      -------        -------        --------      --------
Net income per share
 basic and diluted   $      -       $      -       $       -     $       -
                      =======        =======        ========      ========
Weighted average
 number of shares
 outstanding during
 the period -
 basic and diluted  143,256,635   143,914,244     143,512,150   143,778,350
                    ===========   ===========     ===========   ===========


See accompanying notes to condensed financial statements.

                                    -2-
<PAGE>

                         MAUI GENERAL STORE, INC.
                    CONDENSED STATEMENTS OF CASH FLOWS
                                (UNAUDITED)


                                        For The Nine      For the Nine
                                        Months Ended      Monthes Ended
                                        September 30,     September 30,
                                            2005              2004
                                       ---------------   ---------------
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income (loss) from continuing
  operations                             $ (18,749)        $  26,031
 Net income from discontinued
  operations                                41,135             7,302
                                          --------          --------
 Net income                                 22,386            33,333

 Adjustments to reconcile net income to
  net cash used in operating activities:
  Forgiveness of debt                            -           (32,289)
  Stock issued for services                  5,000            25,200
 Changes in operating assets and
  liabilities:
  Accounts payable                          (2,750)                -
  Accrued expenses                            (843)                -
  Gain on disposal                         (41,307)                -
  Cash flow from discontinued operations     8,738           (76,193)
                                          --------          --------
Net Cash Used In Operating Activities       (8,776)          (49,949)
                                          --------          --------

CASH FLOWS FROM INVESTING ACTIVITIES             -                 -
                                          --------          --------

CASH FLOWS FROM FINANCING ACTIVITIES:
 Loan payable - stockholder                 12,949            43,353
 Repayments on loans payable - stockholder  (6,705)                -
                                          --------          --------
Net Cash Provided By (Used In) Operating
 Activities                                  6,244            43,353
                                          --------          --------
NET DECREASE IN CASH                        (2,532)           (6,596)

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD                                   2,532             8,647
                                          --------          --------
CASH AND CASH EQUIVALENTS AT END OF
 PERIOD                                  $       -         $   2,057
                                          ========          ========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

During 2005, the Company received 1,000,000 shares of its common stock from a
stockholder in exchange for 100% of the outstanding membership interest of Hana
Pearl, LLC.  The shares were valued at the fair value on the date of sale of
$60,000.


See accompanying notes to condensed financial statements.

                                    -3-
<PAGE>

                          MAUI GENERAL STORE, INC.
                  NOTES TO CONDENSED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2005
                               (UNAUDITED)


NOTE 1.    BASIS OF PRESENTATION AND ORGANIZATION

(A) Basis of Presentation

The accompanying unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United
States of America and the rules and regulations of the Securities and
Exchange Commission for interim financial information.  Accordingly, they
do not include all the information necessary for a comprehensive presentation
of financial position and results of operations.

It is management's opinion however, that all material adjustments (consisting
of normal recurring adjustments) have been made, which are necessary for a
fair financial statements presentation.  The results for the interim period
are not necessarily indicative of the results to be expected for the year.

(B) Use of Estimates

In preparing financial statements in conformity with generally accepted
accounting principles, management is required to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the
financial statements and revenues and expenses during the reported period.
Actual results could differ from those estimates.

(C) Earnings Per Share

Basic and diluted net income (loss) per common share is computed based
upon the weighted average common shares outstanding as defined by
Financial Accounting Standards No. 128, "Earnings Per Share."  As of
September 30, 2005 and 2004, there were no common share equivalents
outstanding.

(D) Income Taxes

For the nine months ended September 30, 2005, the Company accounts for
income taxes under the Statement of Financial Accounting Standards No. 109,
"Accounting for Income Taxes" ("Statement 109").  Under Statement 109,
deferred tax assets and liabilities 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.  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.  Under
Statement 109, the effect on deferred tax assets and liabilities of a change
in tax rates is recognized in income in the period that includes the
enactment date.
                                    -4-
<PAGE>

                          MAUI GENERAL STORE, INC.
                  NOTES TO CONDENSED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2005
                               (UNAUDITED)

NOTE 2.    DISPOSAL OF SUBSIDIARY

Pursuant to a purchase and sale agreement dated March 30, 2005, the Company
sold 100% of the membership interest it held in Hana Pearl, LLC for
1,000,000 shares of the Company's common stock with a fair value of $60,000.
The Company recorded a gain on the disposal of $41,307.  Discontinued
operations for the nine month periods ended September 30, 2005 and 2004 are
as follows:

                                          2005             2004
                                        --------         --------
Sales                                   $  6,730         $      -
Cost of goods sold                        (2,557)               -
Operating expenses                        (4,345)               -
                                         -------          -------
Net income (loss) from discontinued
 operations before gain on sale             (172)               -
Gain on sale of assets of subsidiary      41,307                -
                                         -------          -------
Income from discontinued operations     $ 41,135         $      -
                                         =======          =======

The gain on sale from the sale of all of the assets of the Company's
subsidiary is calculated as follows:

Fair value of stock received for subsidiary's assets     $ 60,000
Less retained earnings of subsidiary at date of sale      (18,693)
                                                           ------
Gain on disposal of subsidiary, net of taxes             $ 41,307
                                                           ======

NOTE 3.    GOING CONCERN

As reflected in the accompanying financial statements, the Company has no
continuing operations and a capital deficiency of $56,345.  These factors
raise substantial doubt about its ability to continue as a going concern.
The ability of the Company to continue as a going concern is dependent on
the Company's ability to raise additional capital and implement its business
plan.  The financial statements do not include any adjustments that might be
necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional
funding provide the opportunity for the Company to continue as a going concern.

NOTE 4.    SUBSEQUENT EVENTS

On October 18, 2005, the Company signed a non-binding letter of intent to
merge with Palmera Holdings, Inc., a newly formed adult stem cell technology
company.

                                    -5-

<PAGE>

ITEM 2.    MANAGEMENT DISCUSSION AND ANALYSIS

Results of Operations

     On March 30, 2005 we sold our only operating subsidiary, Hana Pearl, LLC,
to the individual from whom we acquired it in 2001.  In those three years
we had been unable to obtain the financing necessary to expand the operations
of Hana Pearl to a degree that it would be appropriate for that business to be
part of a public company.  Accordingly, we exchanged the subsidiary for shares
of our common stock that had a market value equal to approximately 250% of the
book value of Hana Pearl.

     The results of operations of Hana Pearl have been recorded as "Discontinued
Operations."  Accordingly we report no revenue from continuing operations, and
a loss from continuing operations equal to the administrative cost of
maintaining our public company.  Until we initiate or acquire a new business,
our results of operations will have this structure.

     We intend to negotiate for one or more acquisitions of operating
businesses or properties, preferably in fields with which our President is
familiar.  Any acquisition that we make is likely to involve the issuance of
a large number of shares of capital stock.  If, in the alternative, we
initiate a new business, it will be likewise likely that we will finance the
new operations by selling a large number of shares of capital stock.

Liquidity and Capital Resources

     The Company has no operating assets and $56,345 in liabilities, all but
$800 of which are owed to our President.  Our President will continue to fund
the administrative expenses of our business until we initiate or acquire a new
business operation.

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 or results of operations.


ITEM 3.  CONTROLS AND PROCEDURES

     Evaluation of Disclosure Controls and Procedures.  Richard Miller, our
Chief Executive Officer and Chief Financial Officer, carried out an evaluation
of the effectiveness of the Company's disclosure controls and procedures as of
September 30, 2005.  Pursuant to Rule13a-15(e) promulgated by the Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934,
"disclosure controls and procedures" means controls and other procedures that
are designed to insure that information required to be disclosed by the
Company in the reports that it files with the Securities and Exchange
Commission is recorded, processed, summarized and reported within the time
limits specified in the Commission's rules.  "Disclosure controls and
procedures" include, without limitation, controls and procedures designed to
insure that information the Company is required to disclose in the reports it
files with the Commission is accumulated and communicated to our Chief
Executive Officer and Chief Financial Officer as appropriate to allow timely
decisions regarding required disclosure.  Based on his evaluation, Mr. Miller
concluded that the Company's system of disclosure controls and procedures was
effective as of September 30, 2005 for the purposes described in this
paragraph.

     Changes in Internal Controls.  There was no change in internal controls
over financial reporting (as defined in Rule 13a-15(f) promulgated under the
Securities Exchange Act or 1934) identified in connection with the evaluation
described in the preceding paragraph that occurred during the Company's third
fiscal quarter that has materially affected or is reasonably likely to
materially affect the Company's internal control over financial reporting.

                                    -6-
<PAGE>

PART II   -   OTHER INFORMATION

Item 6.	Exhibits

     31      Rule 13a-14(a) Certification
     32      Rule 13a-14(b) Certification


                                SIGNATURES

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

                                 MAUI GENERAL STORE, INC.


Date: November 7, 2005		By: /s/ Richard Miller
                                -------------------------------------------
                                Executive Officer, Chief Financial Officer,
                                 Chief Accounting Officer