UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-K





[X]
            ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the fiscal year ended  July 31,
      2009[  ]
            TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACTFor
      the transition period from _________ to ________Commission
      file number:333-146139





Rolling Technologies,
  Inc.(Exact
      name of registrant as specified in its charter)Nevada
            N/A(State
      or other jurisdiction of incorporation or organization)
            (I.R.S.
      Employer Identification No.)Penthouse,
      Menara Antara No. 11, Jalan Bukit Ceylong,
              Kuala Lumpur 50200
            _________(Address
      of principal executive offices)
            (Zip
      Code)Registrant’s
      telephone number:  012-377-0130Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registerednone
            not applicableSecurities
      registered under Section 12(g) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registerednone
            not applicable





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.  Yes
[  ]       No
[X]





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act. Yes
[  ]       No
[X]





Check
whether the Issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act during the past 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 has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this
chapter) during the preceeding 12 months (or for such shorter period that the
registrant was required to submit and post such files). Yes [  ] No
[X]








Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. 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. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large
accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]





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





State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter. Not
available





Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date.  2,150,000 as of October 20,
2009.

















TABLE OF
CONTENTS








PagePART IItem 1.
            Business
            3Item 1A.
            Risk Factors
            7Item 1B.
            Unresolved Staff Comments
            7Item 2.
            Properties
            7Item 3.
            Legal Proceedings
            8Item 4.
            Submission of Matters to a Vote of Security
      Holders
            8PART IIItem 5.
            Market for Registrant’s Common Equity and Related Stockholder
      Matters and Issuer Purchases of Equity Securities
            9Item 6.
            Selected Financial Data
            11Item 7.
            Management’s Discussion and Analysis of Financial Condition
      and Results of Operations
            11Item 7A.
            Quantitative and Qualitative Disclosures About Market
      Risk
            13Item 8.
            Financial Statements and Supplementary
    Data
            13Item 9.
            Changes In and Disagreements With Accountants on Accounting and
      Financial Disclosure
            13Item 9A(T).
            Controls and Procedures
            13Item 9B.
            Other Information
            14PART IIIItem 10.
            Directors, Executive Officers and Corporate
      Governance
            14Item 11.
            Executive Compensation
            16Item 12.
            Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters
            18Item 13.
            Certain Relationships and Related Transactions, and Director
      Independence
            19Item 14.
            Principal Accountant Fees and Services
            20





PART IVItem 15.
            Exhibits, Financial Statement Schedules
            21











2





PART I


Item 1.Business





Company
Overview





We were
formed as a Nevada corporation, “Rolling Technologies Inc.,” on July 27, 2007.
Our principal executive offices are located at 50 West Liberty Street, Suite
880, Reno, NV 89501. Our phone number is (012) 377-0130. Our operations office
in Malaysia is located at Penthouse, Menara Antara, No. 11, Jalan Bukit Ceylong,
Kuala Lumpur 50200, Malaysia. We are a development stage company and have not
generated any sales to date.





Our
Business





We are in
the process of developing a portable, light-weight car-top carrier (our
“Product”) that combines the strength of a box carrier with the convenience of a
bag carrier (See Figure 1) for a retail price of under $50. Our current Product
has two support frames (See Figure 2), an outer (1) and an inner frame (2), to
provide the structure and strength of a traditional box carrier. The outer frame
has several cross-bars (3) and the inner frame has several bushings (4), which
fit together upon assembly and installation. This combines the structural
support of the inner and outer frames to provide for maximum strength and
weight-bearing ability. The entire unit is attached to the car top by strong
magnets (6), which are connected to the outer frame. Ease of storage is enhanced
by hinges in the middle of the frame (5), allowing users to fold the entire unit
in half lengthwise in lieu of, or in addition to, removing the outer frame
cross-bars from the inner frame bushings. Upon disassembly, which we anticipate
will be quick, easy, and require no technical or mechanical sophistication, the
Product can then be transported or stored in the accompanying luggage bag,
requiring very little space.





Our
Product is being designed specifically for the Asian market. One of the
variables influential in the development of our Product is the fact that very
few cars in Asia are equipped with roof racks by the manufacturer, so we intend
to design our Product for easily installation in the absence of a roof rack. Our
design allows consumers to attach our Product to a vehicle using strong magnets,
so no roof rack will be necessary. We have not yet determined whether we will
use permanent magnets or electromagnets for this purpose, nor have we determined
the magnetic field strength required to safely and securely keep our Product
attached to a car top while experiencing the drag associated with speeds up to
200 kph. These variables are being addressed as we continue to develop the final
model of our Product.





Also,
because our Product doesn’t rest directly on the roof of the vehicle and the
weight is distributed across several contact points, it can withstand a greater
amount of weight than traditional carriers that apply the force of their weight
to the luggage rack, which determines the maximum load. Our current research and
development efforts include maximizing the carrying load of our Product. Another
factor in the weight load is the material used for the inner and outer frames.
We are experimenting with different alloys and plastics to find the best
combination of strength and cost-effectiveness for our Product. Final Product
weight will also be a factor in determining the material we use for the Product
frame.








3
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Figure
1









4
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Figure
2














5
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Competition





The
automobile accessories industry can be categorized as highly competitive. There
are a large number of established firms that currently sell products similar to
ours, aimed at a target market similar to ours. Many of these established
distributors have representatives in the field who have established
relationships within the industry. In some cases, competitors have exclusivity
agreements to supply certain automobile manufacturers. A number of manufacturers
for the types of products we offer already sell their products directly to the
consumer. These highly competitive market conditions may make it difficult for
us to succeed in this market. Our most significant competitors
include:





·
            Yakima
      – This industry leader offers the widest selection of products directly to
      consumers, but their prices are also the highest. While they have
      negotiated deals with major automobile manufacturers to provide their
      products on new cars in North America and Europe, their presence in
      Malaysia, China, and other Asian countries is limited to consumer retail
      outlets and consumer-direct internet
sales.


·
            Lakeland
      Vacation Gear – Lakeland competes much more effectively on price than
      other manufacturers and is often considered the low price leader in
      luggage racks and bags. While consumers can also purchase their products
      directly through their web site or at automobile accessory retail stores,
      they have not negotiated large wholesale deals with automobile
      manufacturers or retailers. In spite of their reputation, their products
      are priced at nearly twice our target retail
  price.


·
            Automobile
      Manufacturers – Perhaps our greatest competition comes from large
      automobile manufacturers themselves. Many produce luggage carriers and
      offer them as upgrades or incentives to consumers when they purchase
      automobiles. They are also able to offer luggage carriers as after-market
      items through their retail locations and online. We will need to be able
      to offer a significant cost-savings to consumers to compete with the
      automobile manufacturers, who can afford to take a loss on the manufacture
      and sale of a car top carrier in order to sell an automobile. We will need
      to be able to offer an even more significant cost savings if we hope to
      engage automobile manufacturers as customers to replace their in-house
      manufacturing of similar products.





Government
Regulation





Government
regulation and compliance with environmental laws do not have a material effect
on our business. We are subject to the laws and regulations of those
jurisdictions in which we plan to sell our product, which are generally
applicable to business operations, such as business licensing requirements,
income taxes and payroll taxes. In general, the sale of our product in Malaysia
and China is not subject to special regulatory and/or supervisory
requirements.





Employees





We have
no employees other than our officer and directors as of the date of this Report.
As needed from time to time, we may pay for the services of independent
contractors such as web designers and commissioned sales people.











6
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Research
and Development Expenditures





We have
not incurred any research or development expenditures since our
incorporation.





Subsidiaries





We have
neither formed, nor purchased any subsidiaries since our
incorporation.





Patents
and Trademarks





We do not
own, either legally or beneficially, any patent or trademark. Upon successful
completion of the development of our Product, we plan to apply for patent
protection and/or copyright protection in Malaysia, and other jurisdictions in
which we conduct business and distribute our Product.





We have
selected the name of our company in an attempt to establish our brand name.
Although our company name and logo are not trademarked at this time, we
anticipate the necessity of a trademark upon successful commercialization of our
Product in order to protect our brand integrity.





Item 1A.   Risk Factors.





A smaller
reporting company is not required to provide the information required by this
Item.





Item 1B.   Unresolved Staff Comments





A smaller
reporting company is not required to provide the information required by this
Item.





Item 2.   Properties





We
maintain our corporate principal executive offices are located at 50 West
Liberty Street, Suite 880, Reno, NV 89501, the address of our transfer agent.
Our operations office in Malaysia is located at Penthouse, Menara Antara, No.
11, Jalan Bukit Ceylong, Kuala Lumpur 50200, Malaysia. We have no materially
important physical properties.





Corporate
Offices





We
maintain our corporate principal executive offices are located at 50 West
Liberty Street, Suite 880, Reno, NV 89501, the address of our transfer agent.
Our operations office in Malaysia is located at Penthouse, Menara Antara, No.
11, Jalan Bukit Ceylong, Kuala Lumpur 50200, Malaysia. Our offices are provided
at no cost.














7
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Item 3.   Legal Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item4.   Submission of Matters to a Vote of Security
Holders





No
matters were submitted to a vote of the Company's shareholders during the
quarter ended July 31, 2009.










8
 Table of Contents






PART II





Item 5.    Market for Registrant’s Common
Equity and Related Stockholder Matters and Issuer Purchases of Equity
Securities





Market
Information





Our
common stock is currently quoted on the OTC Bulletin Board (“OTCBB”), which is
sponsored by FINRA. The OTCBB is a network of security dealers who buy and sell
stock. The dealers are connected by a computer network that provides information
on current "bids" and "asks", as well as volume information. Our shares are
quoted on the OTCBB under the symbol “ROTE.OB.”





The
following table sets forth the range of high and low bid quotations for our
common stock for each of the periods indicated as reported by the OTCBB. These
quotations reflect inter-dealer prices, without retail mark-up, mark-down or
commission and may not necessarily represent actual transactions.







Fiscal
      Year Ending July 31, 2009Quarter
      Ended
            
            High
      $
            
            Low
      $July
      31, 2009
            
            N/A
            
            N/AMarch
      31, 2009
            
            N/A
            
            N/ADecember
      31, 2008
            
            N/A
            
            N/ASeptember
      30, 2008
            
            N/A
            
            N/A








Fiscal
      Year Ending July 31, 2008Quarter
      Ended
            
            High
      $
            
            Low
      $July
      31, 2008
            
            N/A
            
            N/AMarch
      31, 2008
            
            N/A
            
            N/ADecember
      31, 2007
            
            N/A
            
            N/ASeptember
      30, 2007
            
            N/A
            
            N/A





Penny
Stock





The SEC
has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities with
a market price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or system. The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock, to deliver a
standardized risk disclosure document prepared by the SEC, that: (a) contains a
description of the nature and level of risk in the market for penny stocks in
both public offerings and secondary trading; (b) contains a description of the
broker's or dealer's duties to the customer and of the rights and remedies
available to the customer with respect to a violation of such duties or other
requirements of the securities laws; (c) contains a brief, clear, narrative
description of a dealer market, including bid and ask prices for penny stocks
and the significance of the spread between the bid and ask price; (d) contains a
toll-free telephone number for inquiries on disciplinary actions; (e) defines
significant terms in the disclosure document or in the conduct of trading in
penny stocks; and (f) contains such other information and is in such form,
including language, type size and format, as the SEC shall require by rule or
regulation.









9
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The
broker-dealer also must provide, prior to effecting any transaction in a penny
stock, the customer with (a) bid and offer quotations for the penny stock; (b)
the compensation of the broker-dealer and its salesperson in the transaction;
(c) the number of shares to which such bid and ask prices apply, or other
comparable information relating to the depth and liquidity of the market for
such stock; and (d) a monthly account statement showing the market value of each
penny stock held in the customer's account.





In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions involving
penny stocks, and a signed and dated copy of a written suitability
statement.





These
disclosure requirements may have the effect of reducing the trading activity for
our common stock. Therefore, stockholders may have difficulty selling our
securities.





Holders of Our Common Stock





As of
July 31, 2009, we had 2,150,000 shares of our common stock issued and
outstanding, held by 40 shareholders of record.





Dividends





There are
no restrictions in our articles of incorporation or bylaws that prevent us from
declaring dividends.  The Nevada Revised Statutes, however, do
prohibit us from declaring dividends where after giving effect to the
distribution of the dividend:





1.
            we
      would not be able to pay our debts as they become due in the usual course
      of business, or;


2.
            our
      total assets would be less than the sum of our total liabilities plus the
      amount that would be needed to satisfy the rights of shareholders who have
      preferential rights superior to those receiving the
      distribution.





We have
not declared any dividends and we do not plan to declare any dividends in the
foreseeable future.





Securities
Authorized for Issuance under Equity Compensation Plans





We do not
have any equity compensation plans.








10
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Item6.   Selected Financial Data





A smaller
reporting company is not required to provide the information required by this
Item.





Item 7.  Management’s Discussion and Analysis of
Financial Condition and Results of Operations





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions. We intend such forward-looking statements to be covered by the
safe-harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this statement for
purposes of complying with those safe-harbor provisions. Forward-looking
statements are based on current expectations and assumptions that are subject to
risks and uncertainties which may cause actual results to differ materially from
the forward-looking statements. Our ability to predict results or the actual
effect of future plans or strategies is inherently uncertain. Factors which
could have a material adverse affect on our operations and future prospects on a
consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability of capital, interest
rates, competition, and generally accepted accounting principles. These risks
and uncertainties should also be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Further information concerning our business, including additional factors that
could materially affect our financial results, is included herein and in our
other filings with the SEC.





Results
of Operations for the Years Ended July 31, 2009 and 2008 and for the period from
inception (July 27, 2007) to July 31, 2009





We have
not earned any revenues since our inception.  We are presently in the
development stage of our business and we can provide no assurance that we will
develop a viable product, or if such product is developed, that we will be able
to generate sufficient sales and enter into commercial production.





Our
operating expenses for the year ended July 31, 2009 consisted entirely of
professional fees in the amount of $9,500, while our operating expenses for the
year ended July 31, 2008 also consisted of professional fees but in the amount
of $45,000.  Our operating expenses for the period from inception
(July 27, 2008) through July 31, 2009 consisted entirely of professional fees in
the amount of $58,500.





We had a
net loss of $9,500 for the year ended July 31, 2009, compared with a net loss of
$45,000 for the year ended July 31, 2008, and a net loss of $58,500 for the
period from inception (July 27, 2007) to July 31, 2009.








11
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Liquidity
and Capital Resources





As of
July 31, 2009, we had total current assets of $0. Our total current liabilities
as of July 31, 2009 were $15,500.  Thus, we have a working capital
deficit of $15,500 as of July 31, 2009.





Operating
activities used $43,000 in cash for the period from inception (July 27, 2007) to
July 31, 2009. Our net loss of $58,500 was the primary negative component of our
operating cash flow, offset by a loan due to our officer and director in the
amount of $15,000. Cash flows provided by financing activities during the period
from inception (July 27, 2007) to July 31, 2009 consisted of $43,000 as proceeds
from the issuance of common stock.





The
success of our business plan beyond the next 12 months is contingent upon us
obtaining additional financing. We intend to fund operations through debt and/or
equity financing arrangements, which may be insufficient to fund our capital
expenditures, working capital, or other cash requirements. We do not have any
formal commitments or arrangements for the sales of stock or the advancement or
loan of funds at this time. There can be no assurance that such additional
financing will be available to us on acceptable terms, or at all.





Going
Concern





We have
incurred losses since inception, have negative working capital, and have not yet
received revenues from sales of products or services.  These factors
create substantial doubt about our ability to continue as a going
concern.  The financial statements do not include any adjustment that
might be necessary if we are unable to continue as a going concern.





Our
ability to continue as a going concern is dependent on generating cash from the
sale of our common stock and/or obtaining debt financing and attaining future
profitable operations.  Management’s plans include selling our equity
securities and obtaining debt financing to fund our capital requirement and
ongoing operations; however, there can be no assurance we will be successful in
these efforts.





Purchase
or Sale of Equipment





We do not
expect to purchase or sell any plant or significant equipment.





Personnel





Tee Kai
Shen, our President and Director is currently working approximately 10 to 20
hours per week to meet our needs.  As demand requires, Tee Kai Shen
will devote additional time.  We currently have no other
employees.  We do not expect to increase our number of employees
during the next twelve months.











12
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Off
Balance Sheet Arrangements





As of
July 31, 2009, there were no off balance sheet arrangements.





Item 7A.   Quantitative and Qualitative Disclosures
About Market Risk





A smaller
reporting company is not required to provide the information required by this
Item.





Item 8.   Financial Statements and Supplementary
Data





See the
financial statements annexed to this annual report.





Item 9.   Changes In and Disagreements with
Accountants on Accounting and Financial


Disclosure





No events
occurred requiring disclosure under Item 307 and 308 of Regulation S-K during
the fiscal year ending July 31, 2009.





Item 9A(T).  Controls and Procedures





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in company reports filed or
submitted under the Securities Exchange Act of 1934 (the “Exchange Act”) is
recorded, processed, summarized and reported, within the time periods specified
in the Securities and Exchange Commission’s rules and forms. Disclosure controls
and procedures include without limitation, controls and procedures designed to
ensure that information required to be disclosed in company reports filed or
submitted under the Exchange Act is accumulated and communicated to management,
including our chief executive officer and treasurer, as appropriate to allow
timely decisions regarding required disclosure.





As
required by Rules 13a-15 and 15d-15 under the Exchange Act, our chief executive
officer and chief financial officer carried out an evaluation of the
effectiveness of the design and operation of our disclosure controls and
procedures as of July 31, 2009. Based on their evaluation, they concluded that
our disclosure controls and procedures were effective.





Management
is responsible for establishing and maintaining adequate internal control over
our financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the
Exchange Act). Our internal control over financial reporting is a process
designed by, or under the supervision of, our chief executive officer and chief
financial officer and effected by our board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of our
financial reporting and the preparation of our financial statements for external
purposes in accordance with generally accepted accounting principles. Internal
control over financial reporting includes policies and procedures that pertain
to the maintenance of records that in reasonable detail accurately and fairly
reflect the transactions and dispositions of our assets; provide reasonable
assurance that transactions are recorded as necessary to permit preparation of
our financial statements in accordance with generally accepted accounting
principles, and that our receipts and expenditures are being made only in
accordance with the authorization of our board of directors and management; and
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have a
material effect on our financial statements.











13
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Under the
supervision and with the participation of our management, including our chief
executive officer, we conducted an evaluation of the effectiveness of our
internal control over financial reporting based on the criteria established in
Internal Control – Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (“COSO”). Based on this evaluation
under the criteria established in Internal Control – Integrated Framework, our
management concluded that our internal control over financial reporting was
effective as of July 31, 2009.





This
annual report does not include an attestation report of our registered public
accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit us to provide only management’s report in this annual
report.





During
the most recently completed fiscal quarter, there has been no change in our
internal control over financial reporting that has materially affected or is
reasonably likely to materially affect, our internal control over financial
reporting.





Item 9B.   Other Information





None






PART III





Item 10.  Directors, Executive Officers and Corporate
Governance





The
following information sets forth the names of our current directors and
executive officers, their ages as of July 31, 2009 and their present
positions.











Name
            Age
            Position
      Held with the CompanyTee
      Kai Shen
              Penthouse,
      Menara Antara, No. 11,
              Jalan
      Bukit Ceylong,
              Kuala
      Lumpur 50200
              Kuala
      Lumpur, Malaysia
            25
            President,
      CEO, and DirectorTam
      Siew Suan
              94,
      Jalan Metro Perdana Barat 12
              Taman
      Usahawan Kepong
              Kuala
      Lumpur, Malaysia
            49
            Director

















14
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Set forth
below is a brief description of the background and business experience of
executive officers and directors.





Tee Kai Shen is our President,
CEO, and director. Tee Kai Shen was a university student from 2000 through 2005.
Tee Kai Shen obtained a Management Diploma from the University of Abertay Dundee
in December of 2005. Since graduation, Tee Kai Shen has worked as a manager at
Galaxy Properties Corporation in Kuala Lumpur, Malaysia. Tee Kai Shen’s duties
in this position include general management tasks, oversight of employees, and
management level decision-making.





Tam Siew Suan is one of our
directors. Tam Siew Suan obtained a Bachelor of Science from University Lampung
in 2002. Since that time, Tam Siew Suan has worked as a Senior Engineer at
Vintage Manufacturing Co. In this position, Tam Siew Suan has gained experience
in design and manufacturing, which have been extremely beneficial in the design
and development of our current Product.





Directors





Our
bylaws authorize no less than one (1) director.  We currently have two
Directors.





Term
of Office





Our
Directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws.  Our officers are appointed by our board of directors
and hold office until removed by the board.





Family
Relationships





There are
no family relationships between or among the directors, executive officers or
persons nominated or chosen by us to become directors or executive
officers.





Involvement
in Certain Legal Proceedings





To  the
best of our knowledge, during the past five years, none of the
following  occurred  with  respect  to a
present or former director, executive officer, or  employee: (1) any
bankruptcy petition filed by or against any business  of which such
person was a general partner or executive officer either
at  the  time  of the bankruptcy or within two
years prior to that time; (2) any conviction in a
criminal  proceeding  or  being subject to a
pending criminal
proceeding  (excluding  traffic  violations and
other minor offenses); (3) being subject  to  any order,
judgment or decree, not subsequently reversed, suspended
or  vacated,  of  any  court  of  competent  jurisdiction,  permanently  or
temporarily enjoining, barring, suspending or otherwise limiting his or her
involvement in  any  type of business, securities or banking
activities; and (4) being found
by  a  court  of  competent  jurisdiction  (in  a  civil
action), the SEC or the
Commodities  Futures  Trading  Commission  to  have  violated
a federal or state securities or commodities law, and the judgment has not been
reversed, suspended or vacated.











15
 Table of Contents











Committees
of the Board





Our
company currently does not have nominating, compensation or audit committees or
committees performing similar functions nor does our company have a written
nominating, compensation or audit committee charter. Our directors believe that
it is not necessary to have such committees, at this time, because the functions
of such committees can be adequately performed by the board of
directors.





Our
company does not have any defined policy or procedural requirements for
shareholders to submit recommendations or nominations for directors. The board
of directors believes that, given the stage of our development, a specific
nominating policy would be premature and of little assistance until our business
operations develop to a more advanced level. Our company does not currently have
any specific or minimum criteria for the election of nominees to the board of
directors and we do not have any specific process or procedure for evaluating
such nominees. The board of directors will assess all candidates, whether
submitted by management or shareholders, and make recommendations for election
or appointment.





A
shareholder who wishes to communicate with our board of directors may do so by
directing a written request addressed to our President and director, Tee Kai
Shen, at the address appearing on the first page of this annual
report.





Code
of Ethics





July 31,
2009, we had not adopted a Code of Ethics for Financial Executives, which would
include our principal executive officer, principal financial officer, principal
accounting officer or controller, or persons performing similar
functions.





Item 11.  Executive Compensation





Summary
Compensation Table





The table
below summarizes all compensation awarded to, earned by, or paid to both to our
officers and to our directors for all services rendered in all capacities to us
for our fiscal years ended July 31, 2009 through 2007.








SUMMARY
      COMPENSATION TABLEName
              and
              principal
              position
            Year
            Salary($)
            Bonus
              ($)
            Stock
              Awards
              ($)
            Option
              Awards
              ($)
            Non-Equity
              Incentive
      Plan
              Compensation
              ($)
            Nonqualified
              Deferred
              Compensation
              Earnings
      ($)
            All
      Other
              Compensation
              ($)
            Total
              ($)Tee
      Kai Shen
              President,
      Chief Executive Officer, Principal Executive Officer,
              Chief
      Financial Officer, Principal Financial Officer, Principal Accounting
      Officer and Director
            2009
              2008
              2007
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0














16
 Table of Contents














Narrative
Disclosure to the Summary Compensation Table





We have
not entered into any employment agreement or consulting agreement with our
executive officers.  There are no arrangements or plans in which we
provide pension, retirement or similar benefits for executive
officers.





Although
we do not currently compensate our officers, we reserve the right to provide
compensation at some time in the future.  Our decision to compensate
officers depends on the availability of our cash resources with respect to the
need for cash to further our business purposes.





Stock
Option Grants





We have
not granted any stock options to the executive officers or directors since our
inception.





Outstanding
Equity Awards at Fiscal Year-End





The table
below summarizes all unexercised options, stock that has not vested, and equity
incentive plan awards for each named executive officer as of July 31,
2009.






OUTSTANDING
      EQUITY AWARDS AT FISCAL YEAR-ENDOPTION
      AWARDS
            STOCK
      AWARDSName
            Number
      of
              Securities
              Underlying
              Unexercised
              Options
              (#)
              Exercisable
            Number
      of
              Securities
              Underlying
              Unexercised
              Options
              (#)
              Unexercisable
            Equity
              Incentive
              Plan
              Awards:
              Number
      of
              Securities
              Underlying
              Unexercised
              Unearned
              Options
              (#)
            Option
              Exercise
              Price
              ($)
            Option
              Expiration
              Date
            Number
              of
              Shares
              or
      Units
              of
              Stock
      That
              Have
              Not
              Vested
              (#)
            Market
              Value
              of
              Shares
              or
              Units
              of
              Stock
              That
              Have
              Not
              Vested
              ($)
            Equity
              Incentive
              Plan
              Awards:
              Number
              of
              Unearned
              Shares,
              Units
      or
              Other
              Rights
              That
      Have
              Not
              Vested
              (#)
            Equity
              Incentive
              Plan
              Awards:
              Market
      or
              Payout
              Value
      of
              Unearned
              Shares,
              Units
      or
              Other
              Rights
              That
              Have
      Not
              Vested
              (#)Tee
      Kai Shen
            -
            -
            -
            -
            -
            -
            -
            -
            -
















17
 Table of Contents














Compensation
of Directors





The table
below summarizes all compensation of our directors as of July 31,
2009.




DIRECTOR
      COMPENSATIONName
              Fees
      Earned or
                Paid
      in
                Cash
                ($)
              Stock
      Awards
                ($)
              Option
      Awards
                ($)
              Non-Equity
                Incentive
                Plan
                Compensation
                ($)
              Non-Qualified
                Deferred
                Compensation
                Earnings
                ($)
              All
                Other
                Compensation
                ($)
              Total
                ($)Tam
      Siew Suan
              -
              -
              -
              -
              -
              -
              -








Narrative
Disclosure to the Director Compensation Table





We do not
pay any compensation to our directors at this time. However, we reserve the
right to compensate our directors in the future with cash, stock, options, or
some combination of the above.





Stock
Option Plans





We did
not have a stock option plan in place as of July 31, 2009.





Item 12.  Security Ownership of Certain Beneficial Owners
and Management and Related


Stockholder
Matters





The
following table sets forth certain information known to us with respect to the
beneficial ownership of our Common Stock as of July 31, 2009, by (1) all persons
who are beneficial owners of 5% or more of our voting securities, (2) each
director, (3) each executive officer, and (4) all directors and executive
officers as a group. The information regarding beneficial ownership of our
common stock has been presented in accordance with the rules of the Securities
and Exchange Commission. Under these rules, a person may be deemed to
beneficially own any shares of capital stock as to which such person, directly
or indirectly, has or shares voting power or investment power, and to
beneficially own any shares of our capital stock as to which such person has the
right to acquire voting or investment power within 60 days through the exercise
of any stock option or other right. The percentage of beneficial ownership as to
any person as of a particular date is calculated by dividing (a) (i) the number
of shares beneficially owned by such person plus (ii) the number of shares as to
which such person has the right to acquire voting or investment power within 60
days by (b) the total number of shares outstanding as of such date, plus any
shares that such person has the right to acquire from us within 60 days.
Including those shares in the tables does not, however, constitute an admission
that the named stockholder is a direct or indirect beneficial owner of those
shares. Unless otherwise indicated, each person or entity named in the table has
sole voting power and investment power (or shares that power with that person’s
spouse) with respect to all shares of capital stock listed as owned by that
person or entity.








18
 Table of Contents







Except as
otherwise indicated, all Shares are owned directly and the percentage shown is
based on 2,150,000 Shares of Common Stock issued and outstanding as of July 31,
2008.









Name
      and Address of Beneficial Owners of Common Stock1
            Title
      of Class
            Amount
      and Nature of Beneficial Ownership
            %
      of Common Stock2Tee
      Kai Shen
              Penthouse,
      Menara Antara, No. 11,
              Jalan
      Bukit Ceylong,
              Kuala
      Lumpur 50200
              Kuala
      Lumpur, Malaysia
            Common
      Stock
            600,000
            27.9%Tam
      Siew Suan
              94,
      Jalan Metro Perdana Barat 12
              Taman
      Usahawan Kepong
              Kuala
      Lumpur, Malaysia
            Common
      Stock
            600,000
            27.9%DIRECTORS
      AND OFFICERS – TOTAL
            
            1,200,000
            55.8%5%
      SHAREHOLDERSNONE
            Common
      Stock
            NONE
            NONE







Other
than the shareholders listed above, we know of no other person who is the
beneficial owner of more than five percent (5%) of our common
stock.





Item 13.  Certain Relationships and Related
Transactions, and Director Independence





None of
our directors or executive officers, nor any proposed nominee for election as a
director, nor any person who beneficially owns, directly or indirectly, shares
carrying more than 5% of the voting rights attached to all of our outstanding
shares, nor any members of the immediate family (including spouse, parents,
children, siblings, and in-laws) of any of the foregoing persons has any
material interest, direct or indirect, in any transaction over the last two
years or in any presently proposed transaction which, in either case, has or
will materially affect us.





As of the
date of this annual report, our common stock is traded on the OTC Bulletin Board
(the “Bulletin Board”).  The Bulletin Board does not impose on us
standards relating to director independence or the makeup of committees with
independent directors, or provide definitions of independence.








19
 Table of Contents









Item 14.   Principal Accounting Fees and
Services





Below is
the table of Audit Fees (amounts in US$) billed by our auditor in connection
with the audit of the Company’s annual financial statements for the years
ended:





Financial
      Statements for the Year Ended July 31
            Audit
      Services
            Audit
      Related Fees
            Tax
      Fees
            Other
      Fees2009
            $10,000
            $0
            $0
            $02008
            $10,000
            $0
            $0
            $0











20
 Table of Contents








PART IV





Item 15.   Exhibits, Financial Statements
Schedules





Index to
Financial Statements Required by Article 8 of Regulation S-X:





Audited Financial Statements:F-1
            Report
      of Independent Registered Public Accounting FirmF-2
            Consolidated
      BalaBalance Sheets as of July 31, 2009  and
  2008F-3
            Statements
      of Operations for the Years Ended July 31, 2009 and July 31, 2008 and
      period from inception (July 27, 2007) to July 31, 2009F-4
            Statement
      of Stockholders’ Deficit for period from inception (July 27, 2007) to July
      31, 2009F-5
            Statements
      of Cash Flows for the Years Ended July 31, 2009 and July 31, 2008 and
      period from inception (July 27, 2007) to July 31, 2009F-6
            Notes
      to Financial Statements








Exhibit
      Number
            Description3.1
            Articles
      of Incorporation, as amended (1)3.2
            Bylaws,
      as amended (1)31.1
            Certification of Chief Executive Officer pursuant to
      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to
      Section 302 of the Sarbanes-Oxley Act of 200231.2
            Certification of Chief Financial Officer pursuant to
      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to
      Section 302 of the Sarbanes-Oxley Act of 200232.1
            Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002





1
            Incorporated
      by reference to the Registration Statement on Form SB-2 filed on September
      18, 2007.












21
 Table of Contents








SIGNATURES





In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.





Rolling
Technologies, Inc.





By:
            /s/Tee
      Kai ShenTee
      Kai Shen
              President,
      Chief Executive Officer, Principal Executive Officer,
              Chief
      Financial Officer, Principal Financial Officer, Principal Accounting
      Officer and DirectorOctober  26,
      2009





In accordance with Section 13 or 15(d)
of the Exchange Act, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates
indicated:





By:
            /s/Tee
      Kai ShenTee
      Kai Shen
              President,
      Chief Executive Officer, Principal Executive Officer,
              Chief
      Financial Officer, Principal Financial Officer, Principal Accounting
      Officer and DirectorOctober  26,
      2009








By:
            /s/Tam
      Siew SuanTam
      Siew Suan,
              DirectorOctober
      26, 2009














22
 Table of Contents









Maddox Ungar Silberstein,
PLLC CPAs and Business
Advisors
 Phone
(248) 203-0080
 Fax (248)
281-0940
 30600
Telegraph Road, Suite 2175
 Bingham
Farms, MI 48025-4586
 www.maddoxungar.com
 
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 To the
Board of Directors of
 Rolling
Technologies, Inc.
 Reno,
Nevada
 
 We have
audited the accompanying balance sheets of Rolling Technologies, Inc. as of July
31, 2009 and 2008, and the related statements of operations, stockholders’
deficit, and cash flows for the years then ended and for the period from July
27, 2007 (date of inception) through July 31, 2009. These financial statements
are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these financial statements based on our
audits.
 
 We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement.The Company has determined
that it is not required to have, nor were we engaged to perform, an audit of its
internal control over   financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such
opinion. An audit includes examining on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our
opinion.
  In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Rolling Technologies, Inc. as of
July 31, 2009 and 2008, and the results of its operations and cash flows for the
periods then ended and for the period from July 27, 2007 (date of inception)
through July 31, 2009, in conformity with accounting principles generally
accepted in the United States of America
 
 The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 5 to the
financial statements, the Company has negative working capital, has not received
revenue from sales of products or services, and has incurred losses from
operations. These factors raise substantial doubt about the Company’s ability to
continue as a going concern. Management’s plans with regard to these matters are
described in Note 5. The accompanying financial statements do not include any
adjustments that might result from the outcome of this uncertainty.
 
 /s/ Maddox Ungar
Silberstein, PLLC
 
 Maddox
Ungar Silberstein, PLLC
 Bingham
Farms, Michigan
 October
26, 2009
 
 
  
 F-1
 Table of Contents
 
 ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 BALANCE
SHEETS
 As
of July 31, 2009 and 2008
 
 July
      31,
              
              
              July
      31,2009
              
              
              2008ASSETSCurrent
      AssetsCash
      and equivalents
              
              $
              -0-
              
              
              $
              -0-Prepaid
      expenses
              
              
              -0-
              
              
              
              -0-TOTAL
      ASSETS
              
              $
              -0-
              
              
              $
              -0-LIABILITIES
      AND STOCKHOLDERS’ DEFICITCurrent
      LiabilitiesAccrued
      expenses
              
              $
              -0-
              
              
              $
              6,000Due
      to officer
              
              
              15,500
              
              
              
              -0-Total
      liabilities
              
              
              15,500
              
              
              
              6,000Stockholders’
      DeficitCommon
      Stock, $.001 par value, 100,000,000
      shares        authorized,
      2,150,000 shares issued and outstanding
              
              
              2,150
              
              
              
              2,150Additional
      paid-in capital
              
              
              40,850
              
              
              
              40,850Deficit
      accumulated during the development stage
              
              
              (58,500
              )
              
              
              (49,000
              )Total
      stockholders’ deficit
              
              
              (15,500
              )
              
              
              (6,000
              )TOTAL
      LIABILITIES AND STOCKHOLDERS’ DEFICIT
              
              $
              -0-
              
              
              $
              -0-
 
 
  
 
 
 See
accompanying notes to financial statements.
 
 
 F-2
 Table of Contents
 
 
 
 ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENTS
OF OPERATIONS
 Years
Ended July 31, 2009 and 2008
 Period
from July 27, 2007 (Inception) to July 31, 2009
 
 
 
 
 
 Period
      fromYear
              
              
              Year
              
              
              July
      27, 2007Ended
              
              
              Ended
              
              
              (Inception)
      toJuly
      31,
              
              
              July
      31,
              
              
              July
      31,2009
              
              
              2008
              
              
              2009Revenues
              
              $
              -0-
              
              
              $
              -0-
              
              
              $
              -0-Expenses
      :Professional
      fees
              
              
              9,500
              
              
              
              45,000
              
              
              
              58,500Net
      Loss
              
              $
              (9,500
              )
              
              $
              (45,000
              )
              
              $
              (58,500
              )Net
      loss per share:Basic
      and diluted
              
              $
              (0.00
              )
              
              $
              (0.02
              )
              
              $
              (0.02
              )Weighted
      average shares outstanding:Basic
      and diluted
              
              
              2,150,000
              
              
              
              2,150,000
              
              
              
              2,150,000
 
  
 
 
 See
accompanying notes to financial statements.
    F-3
 Table of Contents
  ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENT
OF STOCKHOLDERS’ DEFICIT
 Period
from July 27, 2007 (Inception) to July 31, 2009
 
 
 Common
      stock
              
              Additional
      paid-in capital
              
              Deficit
      accumulated during the development stage
              
              TotalShares
              
              AmountIssuance
      of common stock
                for
      cash @$.001
              2,150,000
              
              $      2,150
              
              $     40,850
              
              $                -
              
              $     43,000Net
      loss for the period
              -
              
              -
              
              -
              
              (4,000)
              
              (4,000)Balance,
      July 31, 2007
              2,150,000
              
              2,150
              
              40,850
              
              (4,000)
              
              39,000Net
      loss for the period
              -
              
              -
              
              -
              
              (45,000)
              
              (45,000)Balance,
      July 31, 2008
              2,150,000
              
              2,150
              
              40,850
              
              (49,000)
              
              (6,000)Net
      loss for the period
              -
              
              -
              
              -
              
              (9,500)
              
              (9,500)Balance,
      July 31, 2009
              2,150,000
              
              $      2,150
              
              $     40,850
              
              $    (58,500)
              
              $   (15,500)
 
 
  
 
 
 
 See
accompanying notes to financial statements.
 
 
 F-4
 Table of Contents
   ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 STATEMENTS
OF CASH FLOWS
 Years
Ended July 31, 2009 and 2008
 Period
from July 27, 2007(Inception) to July 31, 2009
 
 Period
      FromYear
              
              Year
              
              July
      27, 2007Ended
              
              Ended
              
              (Inception)
      toJuly
      31,
              
              July
      31,
              
              July
      31,2009
              
              2008
              
              2009CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
              
              $
              (9,500)
              
              $
              (45,000)
              
              $
              (58,500)Change
      in non-cash working capital items
                Prepaid
      expenses
              
              
              -0-
              
              
              4,000
              
              
              -0-Accrued
      expenses
              
              
              (6,000)
              
              
              6,000
              
              
              -0-Due
      to officer
              
              
              15,500
              
              
              -0-
              
              
              15,500CASH
      FLOWS USED BY OPERATING ACTIVITIES
              
              
              -0-
              
              
              (35,000)
              
              
              (43,000)CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds
      from sales of common stock
              
              
              -0-
              
              
              -0-
              
              
              43,000NET
      INCREASE (DECREASE) IN CASH
              
              
              -0-
              
              
              (35,000)
              
              
              -0-Cash,
      beginning of period
              
              
              -0-
              
              
              35,000
              
              
              -0-Cash,
      end of period
              
              $
              -0-
              
              $
              -0-
              
              $
              -0-SUPPLEMENTAL
      CASH FLOW
                INFORMATIONInterest
      paid
              
              $
              -0-
              
              $
              -0-
              
              $
              -0-Income
      taxes paid
              
              $
              -0-
              
              $
              -0-
              
              $
              -0-
 
  
 
 See
accompanying notes to financial statements.
   
 F-5
 Table of Contents
 
 ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 July
31, 2009
 
 NOTE 1 –
SUMMARY OF ACCOUNTING POLICIES
 
 Nature of
Business
 
 Rolling
Technologies, Inc. (“Rolling” and the “Company”) is a development stage company
and was incorporated in Nevada on July 27, 2007.  The Company is in
the process of developing a portable, light-weight car-top carrier that combines
the strength of a box carrier with the convenience of a bag carrier for a retail
price of under $50. Rolling operates out of office space owned by a director and
stockholder of the Company.  The facilities are provided at no
charge.  There can be no assurances that the facilities will continue
to be provided at no charge in the future.
 
 Development
Stage Company
 
 The
accompanying financial statements have been prepared in accordance with
generally accepted accounting principles applicable to development-stage
enterprises.  A development-stage enterprise is one in which planned
principal operations have not commenced or if its operations have commenced,
there has been no significant revenues there from.
 
 Cash and
Cash Equivalents
 
 Rolling
considers all highly liquid investments with maturities of three months or less
to be cash equivalents.  At July 31, 2009 and 2008 the Company had
$-0- of cash.
 
 Fair
Value of Financial Instruments
 
 Rolling’s
financial instruments consist of cash and cash equivalents and an amount due to
an officer. The carrying amount of these financial instruments approximates fair
value due either to length of maturity or interest rates that approximate
prevailing market rates unless otherwise disclosed in these financial
statements.
 
 Income
Taxes
 
 Income
taxes are computed using the asset and liability method.  Under the
asset and liability method, deferred income tax assets and liabilities are
determined based on the differences between the financial reporting and tax
bases of assets and liabilities and are measured using the currently enacted tax
rates and laws.  A valuation allowance is provided for the amount of
deferred tax assets that, based on available evidence, are not expected to be
realized.
 
  
 F-6
 Table of Contents
   ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 July
31, 2009
 
 NOTE 1 –
SUMMARY OF ACCOUNTING POLICIES (continued)
 
 Use of
Estimates
 
 The
preparation of financial statements in conformity with 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 the financial statements and the
reported amount of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.
 
 Basic
loss per share
 
 Basic
loss per share has been calculated based on the weighted average number of
shares of common stock outstanding during the period.
 
 Recent
Accounting Pronouncements
 
 Rolling
does not expect the adoption of recently issued accounting pronouncements to
have a significant impact on the Company’s results of operations, financial
position or cash flow.
 
 NOTE 2 –
ACCRUED EXPENSES
 
 Accrued
expenses at July 31, 2008 consisted of professional fees owed for services
rendered.
 
 NOTE 3 –
DUE TO OFFICER
 
 The
amount due to officer of $15,500 at July 31, 2009 consisted of amounts owed to
an officer of the Company for amounts advanced to pay for professional services
provided by the Company’s outside independent auditors for services rendered for
periods ending on and prior to July 31, 2009. The amount is unsecured, due upon
demand, and non-interest bearing.
 
 NOTE 4 –
INCOME TAXES
 
 For the
periods ended July 31, 2009, Rolling has incurred net losses and, therefore, has
no tax liability.  The net deferred tax asset generated by the loss
carry-forward has been fully reserved.  The cumulative net operating
loss carry-forward is approximately $58,500 at July 31, 2009, and will expire
beginning in the year 2027.
 
 
 
 
 
 F-7
 Table of Contents
 
   ROLLING
TECHNOLOGIES, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO THE FINANCIAL STATEMENTS
 July
31, 2009
 
 
 NOTE 4 –
INCOME TAXES (continued)
 
 The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:
  2009Deferred
      tax asset attributable to:Net
      operating loss carryover
              $     19,890Valuation
      allowance
              (19,890)Net
      deferred tax asset
              $                -
 
 NOTE 5 –
LIQUIDITY AND GOING CONCERN
 
 Rolling
has incurred losses since inception, has negative working capital, and has not
yet received revenues from sales of products or services.  These
factors create substantial doubt about the Company’s ability to continue as a
going concern.  The financial statements do not include any adjustment
that might be necessary if the Company is unable to continue as a going
concern.
 
 The
ability of Rolling to continue as a going concern is dependent on the Company
generating cash from the sale of its common stock and/or obtaining debt
financing and attaining future profitable operations.  Management’s
plans include selling its equity securities and obtaining debt financing to fund
its capital requirement and ongoing operations; however, there can be no
assurance the Company will be successful in these efforts.
 
 NOTE 6 –
SUBSEQUENT EVENTS
 
 The
Company has analyzed its operations subsequent to July 31, 2009 through October
26, 2009 and has determined that it does not have any material subsequent events
to disclose in these financial statements.