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

                                   FORM 10-QSB

[X ]        Quarterly Report pursuant to Section 13 or 15(d) of the Securities
            Exchange Act of 1934

            For the quarterly period ended March 31, 2008.

[  ]        Transition Report pursuant to Section 13 or 15(d) of the Securities
            Exchange Act of 1934

            For the transition period             to            .
                                     -------------  ------------


                        Commission File Number 333-145743

                            BONFIRE PRODUCTIONS, INC.
        (Exact name of small business issuer as specified in its charter)

              Nevada                                   83-0506099
    -------------------------------         ------------------------------------
    (State or other jurisdiction of         (IRS Employer Identification Number)
    incorporation or organization)

                   2018 156th Avenue NE, Building F, Suite 100
                               Bellevue, WA 98007
                   -------------------------------------------
                    (Address of principal executive offices)

                                 (425) 748-5041
                           ---------------------------
                           (Issuer's telephone number)

                                      None
              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)


Check  whether the issuer (1) filed all reports required  to be filed by Section
13 or 15(d)of the 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 is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
                                                               Yes [ ]  No [X]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.


<page>

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  6,503,332 Shares of $0.001 par value
Common Stock outstanding as of April 28, 2008.

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



<page>











                            BONFIRE PRODUCTIONS, INC.

                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                 March 31, 2008

                                   (Unaudited)













BALANCE SHEET

STATEMENT OF OPERATIONS

STATEMENT OF CASH FLOWS

STATEMENT OF STOCKHOLDERS' EQUITY

NOTES TO FINANCIAL STATEMENTS

<page>



MOORE & ASSOCIATES, CHARTERED
ACCOUNTANTS AND ADVISORS
------------------------
PCAOB REGISTERED


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Bonfire Productions Inc
(A Development Stage Company)

We have reviewed the accompanying balance sheet of Bonfire Productions Inc as of
March 31, 2008, and the related statements of operations,  stockholders'  equity
(deficit), and cash flows for the three-month and nine-month periods ended March
31,  2008,  2007 and  inception  August 25, 2006 through  March 31, 2008.  These
interim  financial  statements  are  the  responsibility  of  the  Corporation's
management.

We conducted our reviews in accordance  with the standards of the Public Company
Accounting  Oversight  Board  (United  States).  A review of  interim  financial
information  consists of principally  applying analytical  procedures and making
inquiries of persons  responsible for the financials and accounting  matters. It
is  substantially  less in scope than an audit  conducted in accordance with the
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, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to such condensed  consolidated  financial  statements for them to be in
conformity with accounting principles generally accepted in the United States of
America.




/s/ Moore & Associates, Chartered
Las Vegas, Nevada
April 29, 2008


2675 S.JONES BLVD.SUITE 109, LAS VEGAS, NEVADA 89146 (702) 253-7499
Fax: (702)253-7501
================================================================================

<page>






                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET

<table>
<caption>

                                                                                March 31,           June 30,
                                                                                   2008               2007
                                                                                   ----               ----
                                                                               (Unaudited)          (Audited)

                                                                         <c>                 <c>
                                     ASSETS
                                     ------
   Current assets
       Cash                                                                  $             -     $        16,523
       Prepaid expenses                                                                   31                   -
                                                                             ---------------     ---------------
       Total current assets                                                               31              16,523

    Property and equipment, net                                                        1,878                   -
    Security deposit                                                                     200                   -
                                                                             ---------------     ---------------
   Total Assets                                                              $         2,109     $        16,523
                                                                             ===============     ===============

                       LIABILITIES & STOCKHOLDERS' EQUITY
                       ----------------------------------
Current liabilities
   Bank indebtedness                                                         $           468     $             -
   Accounts payable and accrued liabilities                                            9,251               6,219
   Due to related parties                                                              2,745               1,986
   Loan payable - related parties                                                     15,758              15,029
                                                                             ---------------     ---------------
         Total current liabilities                                                    28,222              23,234

 Total Liabilities                                                                    28,222              23,234
                                                                             ---------------     ---------------

Stockholders' Equity
Capital stock
       75,000,000 shares authorized, $0.001 par value
       6,503,332 shares issued and outstanding
       (June 30, 2007 - 3,500,000)                                                     6,503               3,500
Additional paid in capital                                                            42,047                   -
Deficit accumulated during the development stage                                (     74,663)       (     10,211)
                                                                             ---------------     ---------------
Total Stockholders' Equity                                                      (     26,113)       (      6,711)
                                                                             ---------------     ---------------
Total Liabilities and Stockholders' Equity                                   $         2,109     $        16,523
                                                                             ===============     ===============
</table>


    The accompanying notes are an integral part of these financial statements

<page>



                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
                                   (Unaudited)

<table>
<caption>
                                                 Three months    Three months    Nine months   August 25, 2006    August 25, 2006
                                                    Ended           Ended          Ended    (Inception) through (Inception) through
                                                  March 31,        March 31,      March 31,       March 31,          March 31,
                                                    2008             2007           2008            2007               2008
                                                    ----             ----           ----            ----               ----

                                              <c>            <c>             <c>           <c>                  <c>
Revenue                                           $        -     $           -   $         -   $           -        $          -
                                                  ----------     -------------   -----------   -------------        ------------

Expenses:
   Accounting and audit fees                    $      3,000     $           -   $     9,800   $           -        $     12,800
   Amortization                                           25                 -            51               -                  51
   Audio production                                   14,500                 -        14,500               -              14,500
   Consulting                                              -                 -         7,066               -               7,066
   General and Administrative (recovery)               1,163               (20)        3,916              10               4,543
   Legal                                                 350                 -         5,850               -               5,850
   Management                                              -                 -         3,000           2,000               5,000
   Organization costs                                      -                 -             -             355                 355
   Rent                                                  770                 -         2,230               -               3,430
   Transfer agent                                      1,255                 -        12,510               -              12,510
   Website development                                 4,800                 -         4,800               -               7,800
                                                  ----------     -------------   -----------   -------------        ------------
                                                      25,863               (20)       63,723           2,365              73,905
                                                  ----------     -------------   -----------   -------------        ------------
Loss from operations                             (    25,863)               20    (   63,723)   (      2,365)        (    73,905)
Other income (expense)
   Interest expense                              (       241)                -    (      729)              -         (       758)
                                                  ----------     -------------   -----------   -------------        ------------
Income (loss) before provision for income tax    (    26,104)               20    (   64,452)   (      2,365)        (    74,663)
Provision for income tax                                   -                 -             -               -                   -
                                                  ----------     -------------   -----------   -------------        ------------

Net income (loss)                               $(    26,104)    $          20   $(   64,452)  $(      2,365)       $(    74,663)
                                                 ===========     =============   ===========   =============        ============
Net income (loss) per share                     $(      0.01)    $        0.00   $(     0.01)  $(       0.01)
                                                 ===========     =============   ===========   =============
Weighted average number of common shares
outstanding                                        6,503,332         3,500,000     5,258,969       1,589,450
                                                 ===========     =============   ===========   =============
</table>


The accompanying notes are an integral part of these financial statements

<page>
                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)
<table>
<caption>
                                                                   Nine months         August 25, 2006        August 25, 2006
                                                                      Ended         (Inception) through    (Inception) through
                                                                    March 31,             March 31,              March 31,
                                                                       2008                 2007                   2008
                                                                       ----                 ----                   ----

                                                             <c>                   <c>                   <c>

Cash Flows From Operating Activities:
   Net income (loss)                                             $ (    64,452)        $ (      2,365)       $ (   74,663)

   Adjustment to reconcile net income to net
   cash provided by (used for)
   operating activities:
     Amortization                                                           51                      -                  51
     Prepaid expenses                                              (        31)                     -          (       31)
     Security deposit                                              (       200)                     -          (      200)
     Accounts payable and accrued  liabilities                           3,032                      -                9,251
     Accounts payable related parties                                      759                    435                2,745
                                                                  ------------           ------------          -----------
          Net cash provided by (used for)
          operating  activities                                    (    60,841)          (      1,930)         (    62,847)
                                                                  ------------           ------------          -----------
Cash Flows From Investing  Activities
     Purchase of fixed assets                                      (     1,929)                     -          (     1,929)
                                                                  ------------           ------------          -----------
        Net cash provided by (used for)
        investing activities                                       (     1,929)                     -          (     1,929)
                                                                  ------------           ------------          -----------

Cash Flows From Financing Activities:
   Loan payable - related party                                            729                      -               15,758
   Proceeds from issuance of common stock                               45,050                  3,500               48,550
                                                                  ------------           ------------          -----------
          Net cash provided by (used for)
           financing activities                                         45,779                  3,500               64,308
                                                                  ------------           ------------          -----------
Net Increase (Decrease) In Cash                                    (    16,991)                 1,570          (       468)

Cash At The Beginning Of The Period                                     16,523                      -                    -
                                                                  ------------           ------------          -----------
Cash (Bank Indebtedness) At The End
Of The Period                                                    $ (       468)        $        1,570        $ (       468)
                                                                  ============           ============          ===========
Schedule Of Non-Cash Investing And Financing Activities
None

Supplemental Disclosure
  Cash paid for:
       Interest                                                  $           -         $            -        $           -
                                                                  ============           ============          ===========
       Income Taxes                                              $           -         $            -        $           -
                                                                  ============           ============          ===========
</table>

The accompanying notes are an integral part of these financial statements

<page>

                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
               August 25, 2006 (Inception) Through March 31, 2008
                                   (Unaudited)

<table>
<caption>
                                                                                               Deficit
                                                                                              Accumulated
                                                            Common Shares                     During the
                                                            -------------         Paid In     Development
                                                        Number      Par Value     Capital       Stage           Total
                                                        ------      ---------     -------       -----           -----

                                                  <c>         <c>           <c>           <c>           <c>
Balances, August 25, 2006                                    -    $          -  $         -   $          -  $            -

Issued for cash:
Common stock December, 2006 - at $0.001              3,500,000           3,500            -              -           3,500
Net gain (loss) for the period ended June 30, 2007           -               -            -    (    10,211)    (    10,211)
                                                     ---------     -----------  -----------    -----------    ------------
Balances, June 30, 2007                              3,500,000           3,500            -    (    10,211)    (     6,711)

Issued for cash:
Common stock November, 2007 - at $0.015              3,003,332           3,003       42,047              -          45,050
Net gain (loss) for the period ended March 31, 2008          -               -            -    (    64,452)    (    64,452)
                                                     ---------     -----------  -----------    -----------    ------------
Balances, March 31, 2008                             6,503,332    $      6,503  $    42,047   $(    74,663) $  (    26,113)
                                                     =========     ===========  ===========    ===========    ============
</table>


The accompanying notes are an integral part of these financial statements

<page>



                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2008
                                   (Unaudited)


Note 1        Nature and Continuance of Operations
              ------------------------------------

              Organization
              ------------
              The Company was incorporated in the State of Nevada, United States
              of America on August 25,  2006 and its fiscal year end is June 30.
              The Company is engaged in recording,  publishing and  distribution
              of the multicultural  stories and fairy tales for children through
              its website www.bonfiretales.com and other internet retailers.

              Going Concern
              -------------
              These  financial  statements have been prepared on a going concern
              basis.  The Company has a working  capital  deficiency of $28,191,
              and has  accumulated  deficit  of  $74,663  since  inception.  Its
              ability  to  continue  as a going  concern is  dependent  upon the
              ability of the Company to generate  profitable  operations  in the
              future  and/or  to  obtain  the  necessary  financing  to meet its
              obligations and repay its liabilities arising from normal business
              operations when they come due. The outcome of these matters cannot
              be predicted with any certainty at this time.  These factors raise
              substantial  doubt that the company  will be able to continue as a
              going  concern.  The  Company  to  date  has  funded  its  initial
              operations  through the  issuance of  6,503,332  shares of capital
              stock for  proceeds  of  $48,550  and loans from  director  in the
              amount of $15,000. Management plans to continue to provide for its
              capital  needs by the issuance of common  stock and related  party
              advances.   These   financial   statements   do  not  include  any
              adjustments  to the  amounts  and  classification  of  assets  and
              liabilities  that may be necessary should the Company be unable to
              continue as a going concern.

              Unaudited Interim Financial Statements
              --------------------------------------
              The accompanying  unaudited interim financial statements have been
              prepared in  accordance  with  United  States  generally  accepted
              accounting  principles for interim financial  information and with
              the  instructions  to  Form  10-QSB  of  Regulation  S-B.  Certain
              information  and  footnote   disclosures   normally   included  in
              financial   statements  prepared  in  accordance  with  accounting
              principles generally accepted in the United States of America have
              been condensed or omitted  pursuant to such rules and regulations.
              However,  except as disclosed herein,  there have been no material
              changes in the information disclosed in the notes to the financial
              statements  for the year  ended  June  30,  2007  included  in the
              Company's SB-2 filed with the Securities and Exchange  Commission.
              The  interim  unaudited  financial  statements  should  be read in
              conjunction with those financial  statements  included in the Form
              SB-2. In the opinion of  Management,  all  adjustments  considered
              necessary  for a fair  presentation,  consisting  solely of normal
              recurring  adjustments,  have been made. Operating results for the
              nine months ended March 31, 2008 are not necessarily indicative of
              the  results  that may be  expected  for the year  ending June 30,
              2008.


<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
March 31, 2008
(Unaudited) - Page 2



Note 2        Summary of Significant Accounting Policies
              ------------------------------------------
              The  financial  statements  of the Company  have been  prepared in
              accordance with generally  accepted  accounting  principles in the
              United States of America.  Because a precise determination of many
              assets and  liabilities  is  dependent  upon  future  events,  the
              preparation  of  financial  statements  for a  period  necessarily
              involves the use of estimates  which have been made using  careful
              judgement. Actual results may vary from these estimates.

              The financial  statements  have,  in  management's  opinion,  been
              properly  prepared  within  reasonable  limits of materiality  and
              within  the  framework  of  the  significant  accounting  policies
              summarized below:

              Development Stage Company
              -------------------------
              The Company  complies with  Financial  Accounting  Standard  Board
              Statement ("FAS") No. 7 and The Securities and Exchange Commission
              Act Guide 7 for its characterization of the Company as development
              stage.

              Revenue Recognition
              -------------------
              We recognize  revenue from product sales when the  following  four
              revenue  recognition  criteria are met:  persuasive evidence of an
              arrangement  exists,  delivery has occurred or services  have been
              rendered,  the  selling  price  is  fixed  or  determinable,   and
              collectibility is reasonably  assured.  Product sales and shipping
              revenues,  net  of  promotional  discounts,  rebates,  and  return
              allowances,  are recorded  when the products are shipped and title
              passes to customers.

              Impairment of Long-lived Assets
              -------------------------------
              Capital assets are reviewed for impairment in accordance  with FAS
              No. 144,  "Accounting for the Impairment or Disposal of Long-lived
              Assets",  which was adopted  effective  January 1, 2002. Under FAS
              No.  144,  these  assets are tested  for  recoverability  whenever
              events or changes in  circumstances  indicate that their  carrying
              amounts may not be recoverable. An impairment charge is recognized
              for the  amount,  if any,  which the  carrying  value of the asset
              exceeds the fair value.

              Technology and Content
              ----------------------
              Technology   and   content   expenses   consist   principally   of
              consultants'  fees and  expenses  related to website  development,
              editorial  content,  and systems  support.  Technology and content
              costs are expensed as incurred.


<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
March 31, 2008
(Unaudited) - Page 3



Note 2        Summary of Significant Accounting Policies - (cont'd)
              ------------------------------------------

              Foreign Currency Translation
              ----------------------------
              The financial  statements are presented in United States  dollars.
              In accordance with Statement of Financial Accounting Standards No.
              52, "Foreign Currency Translation",  since the functional currency
              of the Company is U.S.  dollars,  the foreign  currency  financial
              statements of the Company's subsidiaries are re-measured into U.S.
              dollars. Monetary assets and liabilities are re-measured using the
              foreign  exchange  rate that  prevailed at the balance sheet date.
              Revenue and expenses are  translated at weighted  average rates of
              exchange  during the year and  stockholders'  equity  accounts and
              furniture  and  equipment  are  translated  by  using   historical
              exchange  rates.  Any  re-measurement  gain  or loss  incurred  is
              reported in the income statement.

              Net Loss per Share
              ------------------
              Basic loss per share  includes  no  dilution  and is  computed  by
              dividing  loss  available to common  stockholders  by the weighted
              average  number  of  common  shares  outstanding  for the  period.
              Dilutive  losses per share  reflects  the  potential  dilution  of
              securities that could share in the losses of the Company.  Because
              the Company does not have any potentially dilutive securities, the
              accompanying presentation is only of basic loss per share.

              Stock-based Compensation
              ------------------------
              The  Company  has not  adopted  a stock  option  plan  and has not
              granted any stock options. Accordingly no stock-based compensation
              has been recorded to date.

              Income Taxes
              ------------
              The Company uses the asset and liability  method of accounting for
              income taxes in accordance with FAS No. 109 "Accounting for Income
              Taxes". Under this method, deferred tax assets and liabilities are
              recognized  for  the  future  tax  consequences   attributable  to
              temporary  differences  between the financial  statements carrying
              amounts of existing assets and liabilities and loss  carryforwards
              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.

              Fair Value of Financial Instruments
              -----------------------------------
              The  carrying  value  of  the  Company's   financial   instruments
              consisting  of cash,  accounts  payable and  accrued  liabilities,
              agreement  payable  and due to  related  party  approximate  their
              carrying value due to the short-term maturity of such instruments.
              Unless  otherwise  noted,  it is  management's  opinion  that  the
              Company is not exposed to significant interest, currency or credit
              risks arising from these financial instruments.


<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
March 31, 2008
(Unaudited) - Page 4


Note 2        Summary of Significant Accounting Policies - (cont'd)
              ------------------------------------------

              Recent Accounting Pronouncements
              --------------------------------
              In  September  2006,  the FASB issued  SFAS No.  157,  "Fair Value
              Measures".  This  Statement  defines  fair  value,  establishes  a
              framework   for  measuring   fair  value  in  generally   accepted
              accounting principles (GAAP), expands disclosures about fair value
              measurements,  and applies under other  accounting  pronouncements
              that require or permit fair value measurements.  SFAS No. 157 does
              not require  any new fair value  measurements.  However,  the FASB
              anticipates  that for some entities,  the  application of SFAS No.
              157 will change  current  practice.  SFAS No. 157 is effective for
              financial  statements  issued for  fiscal  years  beginning  after
              November 15, 2007,  which for the Company would be the fiscal year
              beginning  February 1, 2008.  The Company is currently  evaluating
              the impact of SFAS No. 157 but does not expect that it will have a
              material impact on its financial statements.

              In  September  2006,  the FASB issued  SFAS No.  158,  "Employers'
              Accounting for Defined  Benefit  Pension and Other  Postretirement
              Plans." This Statement  requires an employer to recognize the over
              funded or under funded status of a defined benefit post retirement
              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.  SFAS No. 158 is effective for fiscal years
              ending  after  December  15, 2006 which for the  Company  would be
              February  1,  2007.   The   Company   does  not  expect  that  the
              implementation  of SFAS No. 158 will have any  material  impact on
              its financial position and results of operations.

              In  September  2006,  the SEC  issued  Staff  Accounting  Bulletin
              ("SAB")   No.  108,   "Considering   the  Effects  of  Prior  Year
              Misstatements  when  Quantifying  Misstatements  in  Current  Year
              Financial  Statements."  SAB No. 108  addresses how the effects of
              prior year  uncorrected  misstatements  should be considered  when
              quantifying  misstatements  in current year financial  statements.
              SAB No. 108 requires companies to quantify  misstatements  using a
              balance  sheet  and  income  statement  approach  and to  evaluate
              whether  either  approach  results in quantifying an error that is
              material  in  light  of  relevant   quantitative  and  qualitative
              factors.  SAB  No.  108 is  effective  for  periods  ending  after
              November 15, 2006 which for the Company would be February 1, 2007.
              The Company is currently evaluating the impact of adopting SAB No.
              108 but does not expect that it will have a material effect on its
              financial statements.

              In February  2007,  the FASB issued SFAS No. 159,  "The Fair Value
              Option for  Financial  Assets  and  Financial  Liabilities".  This
              Statement  permits  entities to choose to measure  many  financial
              assets and financial  liabilities at fair value.  Unrealized gains
              and  losses  on items for which  the fair  value  option  has been
              elected are  reported in earnings.  SFAS No. 159 is effective  for
              fiscal years  beginning  after  November 15, 2007.  The Company is
              currently  assessing  the impact of SFAS No. 159 on its  financial
              position and results of operations.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
March 31, 2008
(Unaudited) - Page 5

Note 2        Summary of Significant Accounting Policies - (cont'd)
              ------------------------------------------

              Recent Accounting Pronouncements
              --------------------------------
              In December 2007, the FASB issued two new statements: (a.)SFAS No.
              141 (revised  2007),  Business  Combinations,  and  (b.) No. 160,
              Noncontrolling  Interests in Consolidated   Financial  Statements.
              These   statements are effective for fiscal years  beginning after
              December  15, 2008 and the  application  of these  standards  will
              improve,  simplify and converge internationally the accounting for
              business   combinations   and  the  reporting  of   noncontrolling
              interests in consolidated financial statements.  The Company is in
              the process of evaluating the impact,  if any, on SFAS 141 (R) and
              SFAS 160 and  does  not  anticipate  that  the  adoption  of these
              standards  will  have any  impact  on its  consolidated  financial
              statements.

              (a.) SFAS No. 141 (R) requires an  acquiring  entity in a business
              combination  to: (i) recognize all (and only) the assets  acquired
              and the liabilities assumed in the transaction,  (ii) establish an
              acquisition-date  fair value as the measurement  objective for all
              assets acquired and the liabilities assumed, and (iii) disclose to
              investors and other users all of the information they will need to
              evaluate and  understand  the nature of, and the financial  effect
              of, the business combination,  and, (iv) recognize and measure the
              goodwill  acquired in the  business  combination  or a gain from a
              bargain purchase.

              (b.) SFAS No. 160 will improve the  relevance,  comparability  and
              transparency  of  financial  information  provided to investors by
              requiring  all entities to: (i) report  noncontrolling  (minority)
              interests  in  subsidiaries  in the same  manner,  as  equity  but
              separate  from the  parent's  equity,  in  consolidated  financial
              statements,  (ii) net income attributable to the parent and to the
              non-controlling  interest must be clearly identified and presented
              on the face of the consolidated statement of income, and (iii) any
              changes  in the  parent's  ownership  interest  while  the  parent
              retains the  controlling  financial  interest in its subsidiary be
              accounted for consistently.

Note 3        Capital Stock
              -------------
              The total number of common shares authorized that may be issued by
              the Company is 75,000,000  shares with a par value of one tenth of
              one cent  ($0.001)  per  share  and no other  class of  shares  is
              authorized.

              During the period  from August 25,  2006  (inception)  to June 30,
              2007, the Company issued  3,500,000  shares of common stock to its
              director  for total  proceeds  of $3,500.  During the nine  months
              ended March 31,  2008,  the  Company  issued  3,003,332  shares of
              common stock at $0.015 per share for total proceeds of $45,050.

              To March 31, 2008,  the Company has not granted any stock  options
              and has not recorded any stock-based compensation.


<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
March 31, 2008
(Unaudited) - Page 6

Note 4        Related Party Transactions
              --------------------------

a)                The President of the Company provides  management  services to
                  the Company. During the period ended March 31, 2008 management
                  services of $3,000  (June 30, 2007 - $2,000)  were  charged to
                  operations.

              b)  During the period  ended June 30, 2007,  the  President of the
                  Company  provided  a  $15,000  loan to the  Company.  The loan
                  payable is unsecured,  bears interest at 6.45% per annum,  and
                  consists of $15,000 of  principal  due on June 19,  2008,  and
                  $758 of accrued interest payable as at March 31, 2008.

              c)  As at March 31, 2008, the Company owed $2,745 (June 30, 2007 -
                  $1,986) to the President of the Company for expenses  incurred
                  on behalf of the Company.

              d)  A director of the Company provides  consulting services to the
                  Company.  During the period  ended March 31,  2008  consulting
                  services  of $2,066  (June 30,  2007 - $Nil)  were  charged to
                  operations.








<page>


Forward-Looking Statements
--------------------------

This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation
-------------------------
For the next  twelve  months  our  specific  goal will be to  record  additional
collections of children's  stories from around the world and begin  promotion of
our website,  subject to financing. To date, we have recorded four stories which
are available  for purchase and download from our website  www.bonfiretales.com.
We estimate  the cost of recording  of four  additional  stories with an average
duration of 15-20 minutes with musical effects and casting of at least two voice
talent artists to be approximately $14,000.

We plan dedicating $5,000 to marketing and promotion of our website,  subject to
financing.  In addition,  we plan optimizing our website for search engines, and
getting  listed  in  online   directories.   We  also  plan  devoting  funds  to
advertisements on parent-oriented  websites such as ivillage.com,  parenting.com
and todaysparent.com, subject to financing.

As well, we  anticipate  spending an additional  $12,000 on  professional  fees,
general  administrative  costs and  expenditures  associated with complying with
reporting obligations.  Total expenditures over the next 12 months are therefore
expected to be $31,000.

To March 31,  2008,  the Company has funded its initial  operations  through the
issuance of 6,503,332  shares of capital stock for proceeds of $48,550 and loans
from  director  in the amount of  $15,000.  Subsequent  to March 31,  2008,  the
President of the Company provided an additional $9,500 loan to the Company.  The
loan payable is unsecured,  bears  interest at 6.45% per annum and is payable on
demand.

We  anticipate  that  additional  funding will be required in the form of equity
financing  from  the  sale of our  common  stock.  However,  we  cannot  provide
investors  with any assurance that we will be able to raise  sufficient  funding
from the sale of our common stock to fund our marketing plan and operations.  At
this time, we cannot  provide  investors with any assurance that we will be able
to raise sufficient  funding from the sale of our common stock or through a loan
from our directors to meet our  obligations  over the next twelve months.  We do
not have any arrangements in place for any future equity financing.

Results of Operations For Period Ending March 31, 2008
------------------------------------------------------

We did not earn any revenues during the nine-month period ending March 31, 2008.
During the period ended March 31, 2008,  we incurred  operating  expenses in the
amount of $64,452.  These  operating  expenses were  comprised of accounting and
audit fees of $9,800,  amortization of $51, audio  production  costs of $14,500,
consulting fees of $7,066, general and administrative  expenses of $3,916, legal
fees of $5,850,  management fees of $3,000,  interest expense of $729,  transfer
agent  expense of  $12,510,  rent of $2,230  and  website  development  costs of
$4,800.

<page>

As of March 31, 2008,  we have  recorded and  published on our website our first
four collections of children's  stories from around the world. We have completed
development  of our website by adding four  additional  pages  dedicated  to the
stories  recorded to date and adding a shopping  cart. The stories are available
for  purchase  and  download at $2.99 per story.  For this  purpose,  we hired a
recording  studio,  which sourced the voice  talents,  and managed the recording
process.  To date we  incurred  $14,000  in  recording  costs and $500 in script
writing costs.

During the period ended June 30, 2007,  the President of the Company  provided a
$15,000 loan to the Company.  The loan payable is unsecured,  bears  interest at
6.45% per annum,  and consists of $15,000 of principal due on June 19, 2008, and
$758 of accrued interest  payable as of March 31, 2008.  Subsequent to March 31,
2008,  the President of the Company  provided an  additional  $9,500 loan to the
Company. The loan payable is unsecured, bears interest at 6.45% per annum and is
payable on demand. The Company used this $9,500 loan to cover recording costs of
$7,000 and general administrative expenses.

As at March 31, 2008, the Company had assets totalling  $2,109,  and liabilities
totalling $28,222 for a working capital deficiency of $28,191.

On September  14, 2007,  the Company's  Registration  Statement on the Form SB-2
became effective. To date the Company issued 3,003,332 shares of common stock at
$0.015 per share for cash  proceeds  of $45,050  pursuant  to this  Registration
Statement.

We have not  generated  any  revenue  since  inception  and are  dependent  upon
obtaining financing to pursue recording,  marketing and distribution activities.
For these reasons,  our auditors believe that there is substantial doubt that we
will be able to continue as a going concern.

Critical Accounting Policies
----------------------------

Our financial  statements are prepared in accordance with accounting  principles
generally  accepted  in  the  United  States  of  America.  Preparing  financial
statements in accordance with generally accepted accounting  principles requires
management to make estimates and assumptions  which affect the reported  amounts
of  assets  and  liabilities  and  the  disclosure  of  contingent   assets  and
liabilities  at the balance  sheet dates,  and the  recognition  of revenues and
expenses for the reporting periods. These estimates and assumptions are affected
by management's application of accounting policies.

Revenue Recognition
-------------------

We  recognize  revenue  from  product  sales  when the  following  four  revenue
recognition  criteria are met:  persuasive  evidence of an  arrangement  exists,
delivery has occurred or services have been rendered, the selling price is fixed
or determinable,  and  collectibility is reasonably  assured.  Product sales and
shipping revenues, net of promotional discounts, rebates, and return allowances,
are recorded when the products are shipped and title passes to customers.

Item 3 Controls and Procedures
------------------------------
Evaluation of Disclosure Controls

We evaluated the  effectiveness of our disclosure  controls and procedures as of
April 29, 2008. This evaluation was conducted by Alexander Kulyashov and Nadezda
Maximova, our chief executive officer and our principal accounting officer.

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based upon their  evaluation  of our controls,  Alexander  Kulyashov and Nadezda
Maximova our chief  executive  officer and principal  accounting  officer,  have
concluded that, subject to the limitations noted above, the disclosure  controls
are effective providing  reasonable assurance that material information relating
to us is made known to  management  on a timely basis during the period when our
reports are being prepared.  There were no changes in our internal controls that
occurred  during  the  quarter  covered  by this  report  that  have  materially
affected, or are reasonably likely to materially affect our internal controls.

PART II - OTHER INFORMATION
---------------------------
Item 1. Legal Proceedings
-------------------------
The Company is not a party to any pending legal  proceedings.  Management is not
aware of any threatened litigation, claims or assessments.


Item 2. Changes in Securities
-----------------------------
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 and Report on Form 8-K

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

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

<page>

 32.1   Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002


 32.2   Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002

On October 1, 2007 we have filed the Form 8-K  announcing  the  appointment of a
director to the Company's Board of Directors.

SIGNATURES
----------
In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

Bonfire Productions, Inc.
                                          /s/ Alexander Kulyashov
                                          -------------------------------
                                          Alexander Kulyashov
                                          President, Chief Executive
                                          Officer, and Director
                                          Dated: April 29, 2008

                                          /s/ Nadezda Maximova
                                          ---------------------------
                                          Nadezda Maximova
                                          Chief Financial Officer, Secretary
                                          Treasurer, principal accounting
                                          officer and Director
                                          Dated: April 29, 2008