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 September 30, 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                                    75-3260546
--------------------------------            ------------------------------------
 (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.
                                                             Yes [ ] No [ ]


<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 October 28, 2008.

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



<page>














                            BONFIRE PRODUCTIONS, INC.

                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                               September 30, 2008

                                   (Unaudited)














BALANCE SHEETS

STATEMENTS OF OPERATIONS

STATEMENTS OF CASH FLOWS

STATEMENT OF STOCKHOLDERS' EQUITY

NOTES TO FINANCIAL STATEMENTS


<page>

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

                                                     September 30,    June 30,
                                                         2008           2008
                                                         ----           ----
                                                     (Unaudited)     (Audited)
                                     ASSETS
                                     ------
Current assets
  Cash                                               $   7,295       $      410
  Prepaid expenses                                          31               31
                                                     ---------       ----------
    Total current assets                                 7,326              441

Equipment, net                                           1,713            1,852
Security deposit                                           200              200
                                                     ---------       ----------
Total Assets                                         $   9,239       $    2,493
                                                     =========       ==========

                       LIABILITIES & STOCKHOLDERS' EQUITY
                       ----------------------------------
Current liabilities
  Accounts payable and accrued liabilities           $   6,647       $    6,312
  Due to related parties                                 4,400            2,745
  Loan payable - related parties                             -           26,632
                                                     ---------       ----------
    Total current liabilities                           11,047           35,689

Total Liabilities                                       11,047           35,689
                                                     ---------       ----------

Stockholders' Equity
Capital stock
  75,000,000 shares authorized, $0.001 par value
  6,503,332 shares issued and outstanding
  (June 30, 2008 - 6,503,332)                            6,503            6,503
Additional paid in capital                              42,047           42,047
Deficit accumulated during the development stage      ( 50,358)       (  81,746)
                                                     ---------       ----------
Total Stockholders' Equity                            (  1,808)       (  33,196)
                                                     ---------       ----------
Total Liabilities and Stockholders' Equity           $   9,239       $    2,493
                                                     =========       ==========


   The accompanying notes are an integral part of these financial statements

<page>

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

<table>
<caption>

                                                                   Three Months        August 25, 2006
                                                                       Ended         (Inception) through
                                                                    September 30,        September 30,
                                                                2008           2007           2008
                                                                ----           ----           ----

                                                         <c>            <c>            <c>
Revenue                                                      $    7,500     $       -      $  7,500
                                                             ----------     ---------      --------
Expenses:
 Amortization                                                $      139     $       -      $    215
 Audio production                                                     -             -        14,500
 General and Administrative                                      12,760        11,364        78,798
                                                             ----------     ---------      --------
                                                              (  12,899)     ( 11,364)      (93,513)
                                                             ----------     ---------      --------
Loss from operations                                          (   5,399)     ( 11,364)      (86,013)
Other income (expense)
 Interest expense                                             (     336)     (    244)      ( 1,468)
 Gain on settlement of amounts due to related party              37,123             -        37,123
                                                             ----------     ---------      --------
Income (loss) before provision for income tax                    31,388      ( 11,608)      (50,358)
Provision for income tax                                              -             -             -
                                                             ----------     ---------      --------
Net income (loss)                                            $   31,388     $( 11,608)     $(50,358)
                                                             ==========     =========      ========
Income (loss) per share                                      $     0.01     $(   0.01)
                                                             ==========     =========
Weighted average number of common shares outstanding          6,503,332     3,500,000
                                                             ==========     =========
</table>


   The accompanying notes are an integral part of these financial statements

<page>

                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<table>
<caption>

                                                                   Three Months        August 25, 2006
                                                                       Ended         (Inception) through
                                                                    September 30,        September 30,
                                                                2008           2007           2008
                                                                ----           ----           ----

                                                         <c>            <c>            <c>
Operating Activities:
 Net income (loss)                                           $   31,388     $(  11,608)    $(  50,358)
 Adjustment to reconcile net income to net
 cash provided by (used for) operating activities:
    Amortization                                                    139              -            215
    Prepaid expenses                                                  -      (      31)     (      31)
    Security deposit                                                  -      (     200)     (     200)
    Accounts payable and accrued  liabilities                       335      (   4,500)         6,648
    Accounts payable related parties                              4,810            759          7,555
    Gain on settlement of amounts due to related party         ( 37,123)             -      (  37,123)
                                                              ----------     ----------     ----------
        Net cash provided by (used for)
        operating  activities                                  (    451)     (  15,580)     (  73,294)
                                                              ----------     ----------     ----------
Investing  Activities
    Purchase of fixed assets                                          -              -      (   1,929)
                                                              ----------     ----------     ----------
        Net cash provided by (used for)
        investing activities                                          -              -      (   1,929)
                                                              ----------     ----------     ----------
Financing Activities:
   Loan payable - related party                                   7,336            244         33,968
   Proceeds from issuance of common stock                             -              -         48,550
                                                              ----------     ----------     ----------
        Net cash provided by (used for)
        financing activities                                      7,336            244         82,518
                                                              ----------     ----------     ----------
Net Increase (Decrease) In Cash                                   6,885      (  15,336)         7,295

Cash At The Beginning Of The Period                                 410         16,253              -
                                                              ----------     ----------     ----------
Cash (Bank Indebtedness) At The End
Of The Period                                                $    7,295     $    1,187     $    7,295
                                                              ==========     ==========     ===========
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 June 30, 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 June 30, 2008              -               -            -    (    71,535)    (    71,535)
                                                        ---------     -----------  -----------    -----------    ------------
Balances, June 30, 2008                                 6,503,332           6,503       42,047    (    81,746)    (    33,196)

Net gain (loss) for the period ended September 30, 2008         -               -            -         31,388          31,388
                                                        ---------     -----------  -----------    -----------    ------------
Balances, September 30, 2008                            6,503,332    $      6,503  $    42,047   $(    50,358) $  (     1,808)
                                                        =========     ===========  ===========    ===========    ============
</table>


   The accompanying notes are an integral part of these financial statements

<page>



                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 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 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 $3,721, and
              has accumulated deficit of $50,358 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.
              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,  2008,  included  in the
              Company's annual report on Form10KSB 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  10KSB.  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 three months ended  September  30, 2008
              are not necessarily indicative of the results that may be expected
              for the year ending June 30, 2009.


<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 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.

              Advertising Costs
              -----------------
              The  Company's   policy   regarding   advertising  is  to  expense
              advertising  when  incurred.  The  Company  had not  incurred  any
              advertising expense as of September 30, 2008.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 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
September 30, 2008
(Unaudited) - Page 4

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

              Recent Accounting Pronouncements
              --------------------------------
              In May 2008, the  Financial  Accounting  Standards  Board ("FASB")
              issued SFAS No.163, "Accounting for Financial Guarantee  Insurance
              Contracts-and interpretation of FASB Statement No.60". SFAS No.163
              clarifies  how  Statement   60   applies  to  financial  guarantee
              insurance contracts, including the recognition and measurement  of
              premium  revenue  and   claims  liabilities. This  statement  also
              requires expanded disclosures about financial guarantee  insurance
              contracts. SFAS No. 163 is effective for fiscal years beginning on
              or  after  December 15, 2008, and  interim  periods  within  those
              years. SFAS No.163  has  no  effect  on  the  Company's  financial
              position, statements of operations, or cash flows at this time.

              In May 2008,  the Financial  Accounting  Standards  Board ("FASB")
              issued  SFAS  No.  162,  "The  Hierarchy  of  Generally   Accepted
              Accounting  Principles".  SFAS No.  162 sets  forth  the  level of
              authority  to a given  accounting  pronouncement  or  document  by
              category.  Where there might be conflicting  guidance  between two
              categories, the more authoritative category will prevail. SFAS No.
              162 will  become  effective  60 days  after the SEC  approves  the
              PCAOB's  amendments  to AU Section  411 of the AICPA  Professional
              Standards.  SFAS No. 162 has no effect on the Company's  financial
              position, statements of operations, or cash flows at this time.

              In March 2008, the Financial  Accounting Standards Board, or FASB,
              issued SFAS No. 161, Disclosures about Derivative  Instruments and
              Hedging  Activities--an  amendment of FASB Statement No. 133. This
              standard requires companies to provide enhanced  disclosures about
              (a) how and why an entity  uses  derivative  instruments,  (b) how
              derivative  instruments and related hedged items are accounted for
              under Statement 133 and its related  interpretations,  and (c) how
              derivative instruments and related hedged items affect an entity's
              financial position,  financial  performance,  and cash flows. This
              Statement is effective for financial  statements issued for fiscal
              years and interim periods  beginning after November 15, 2008, with
              early application encouraged.  The Company has not yet adopted the
              provisions  of SFAS No.  161,  but does  not  expect  it to have a
              material impact on its consolidated financial position, results of
              operations or cash flows.

              In December 2007, the  SEC issued Staff Accounting  Bulletin (SAB)
              No. 110 regarding the use of a "simplified"  method,  as discussed
              in SAB No. 107 (SAB 107),  in  developing  an estimate of expected
              term of "plain  vanilla" share options in accordance with SFAS No.
              123 (R), Share-Based  Payment. In particular,  the staff indicated
              in SAB 107 that it will  accept a  company's  election  to use the
              simplified   method,   regardless   of  whether  the  company  has
              sufficient  information to make more refined estimates of expected
              term. At the time SAB 107 was issued, the staff believed that more
              detailed  external  information  about employee  exercise behavior
              (e.g.,   employee  exercise  patterns  by  industry  and/or  other
              categories  of  companies)   would,   over  time,  become  readily
              available  to  companies.  Therefore,  the staff stated in SAB 107
              that it would not  expect a company to use the  simplified  method
              for share

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2008
(Unaudited) - Page 5

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

              Recent Accounting Pronouncements - (cont'd)
              ---------------------------------
              option grants after December 31, 2007. The staff  understands that
              such detailed information about employee exercise behavior may not
              be widely available by December 31, 2007.  Accordingly,  the staff
              will continue to accept, under certain  circumstances,  the use of
              the  simplified  method  beyond  December  31,  2007.  The Company
              currently  uses the  simplified  method for "plain  vanilla" share
              options  and  warrants,  and will assess the impact of SAB 110 for
              fiscal year 2009. It is not believed that this will have an impact
              on the  Company's  consolidated  financial  position,  results  of
              operations or cash flows.

              In December  2007,  the FASB  issued SFAS No. 160,  Noncontrolling
              Interests in Consolidated  Financial  Statements--an  amendment of
              ARB No. 51. This statement  amends ARB 51 to establish  accounting
              and  reporting  standards  for the  noncontrolling  interest  in a
              subsidiary  and  for  the  deconsolidation  of  a  subsidiary.  It
              clarifies  that a  noncontrolling  interest in a subsidiary  is an
              ownership  interest  in the  consolidated  entity  that  should be
              reported  as  equity  in the  consolidated  financial  statements.
              Before this  statement was issued,  limited  guidance  existed for
              reporting  noncontrolling  interests.  As a  result,  considerable
              diversity in practice existed.  So-called  minority interests were
              reported in the  consolidated  statement of financial  position as
              liabilities or in the mezzanine  section  between  liabilities and
              equity. This statement improves  comparability by eliminating that
              diversity.  This  statement is  effective  for fiscal  years,  and
              interim  periods within those fiscal years,  beginning on or after
              December 15, 2008 (that is,  January 1, 2009,  for  entities  with
              calendar year-ends). Earlier adoption is prohibited. The effective
              date  of  this  statement  is the  same  as  that  of the  related
              Statement  141  (revised  2007).   The  Company  will  adopt  this
              Statement  beginning  March 1, 2009.  It is not believed that this
              will  have  an  impact  on the  Company's  consolidated  financial
              position, results of operations or cash flows.

              In December  2007,  the FASB,  issued FAS No. 141 (revised  2007),
              Business Combinations.'This  Statement replaces FASB Statement No.
              141,   Business   Combinations,   but  retains   the   fundamental
              requirements   in  Statement  141.  This   Statement   establishes
              principles and requirements  for how the acquirer:  (a) recognizes
              and measures in its financial  statements the identifiable  assets
              acquired, the liabilities assumed, and any noncontrolling interest
              in the acquiree; (b) recognizes and measures the goodwill acquired
              in the business combination or a gain from a bargain purchase; and
              (c) determines what information to disclose to enable users of the
              financial  statements to evaluate the nature and financial effects
              of the business combination.  This statement applies prospectively
              to business  combinations  for which the acquisition date is on or
              after the beginning of the first annual reporting period beginning
              on or after  December 15, 2008.  An entity may not apply it before
              that date.  The  effective  date of this  statement is the same as
              that  of  the  related  FASB  Statement  No.  160,  Noncontrolling
              Interests in Consolidated  Financial Statements.  The Company will
              adopt this statement  beginning  March 1, 2009. It is not believed
              that  this  will  have an  impact  on the  Company's  consolidated
              financial position, results of operations or cash flows.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2008
(Unaudited) - Page 6

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

             Recent Accounting Pronouncements - (cont'd)
             ---------------------------------

             In February  2007,  the FASB,  issued SFAS No. 159,  The Fair Value
             Option for Financial Assets and Liabilities--Including an Amendment
             of FASB  Statement  No.  115.  This  standard  permits an entity to
             choose to measure  many  financial  instruments  and certain  other
             items at fair value. This option is available to all entities. Most
             of the provisions in FAS 159 are elective; however, an amendment to
             FAS 115  Accounting  for  Certain  Investments  in Debt and  Equity
             Securities  applies  to all  entities  with  available  for sale or
             trading securities. Some requirements apply differently to entities
             that do not report net income.  SFAS No. 159 is effective as of the
             beginning  of an  entities  first  fiscal  year that  begins  after
             November 15, 2007.  Early adoption is permitted as of the beginning
             of the  previous  fiscal year  provided  that the entity makes that
             choice in the first 120 days of that fiscal year and also elects to
             apply the provisions of SFAS No. 157 Fair Value  Measurements.  The
             Company  has adopted SFAS No.  159  beginning  March 1, 2008 and is
             currently  evaluating  the  potential  impact the  adoption of this
             pronouncement will have on its consolidated financial statements.

             In  September  2006,  the FASB  issued  SFAS No.  157,  Fair  Value
             Measurements  This  statement  defines  fair value,  establishes  a
             framework for measuring fair value in generally accepted accounting
             principles  (GAAP),  and  expands   disclosures  about  fair  value
             measurements.   This  statement   applies  under  other  accounting
             pronouncements that require or permit fair value measurements,  the
             Board   having    previously    concluded   in   those   accounting
             pronouncements   that  fair  value  is  the  relevant   measurement
             attribute.  Accordingly,  this  statement  does not require any new
             fair  value   measurements.   However,   for  some  entities,   the
             application of this statement  will change current  practice.  This
             statement is effective for financial  statements  issued for fiscal
             years beginning after November 15, 2007, and interim periods within
             those fiscal years.  Earlier  application is  encouraged,  provided
             that the reporting entity has not yet issued  financial  statements
             for that fiscal year, including financial statements for an interim
             period  within  that  fiscal  year.  The  Company  has adopted this
             statement March 1, 2008, and it is not believed that this will have
             an impact on the Company's consolidated financial position, results
             of operations or cash flows.

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 year  ended June
             30, 2008, the Company issued  3,003,332  shares of  common stock at
             $0.015 per share for total proceeds of $45,050.

             To  September  30,  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
September 30, 2008
(Unaudited) - Page 7

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

             a)   The President of the Company provides  consulting  services to
                  the Company.  During the three months ended September 30, 2008
                  consulting  services  of $Nil  (June 30,  2008 - $2,066)  were
                  charged to operations.

             b)   A director of the Company provides  consulting services to the
                  Company.   During  the  period  ended   September   30,  2008,
                  consulting  services  of $4,000  (June 30,  2008 - $Nil)  were
                  charged to operations.

             c)   As at September 30, 2008, the Company owed $4,400 to directors
                  of the  Company  for  consulting  services  and cash  advances
                  provided to the Company during the period ended  September 30,
                  2008.

             d)   During the period ended June 30, 2007, the former President of
                  the Company  provided a $15,000 loan to the Company.  The loan
                  was payable on demand,  unsecured,  bore interest at 6.45% per
                  annum,  and  consisted of $15,000 of principal due on or after
                  June 19, 2008,  and $1,000 of accrued  interest  payable as at
                  June 30, 2008.

                  During the year ended June 30, 2008,  the former  President of
                  the Company  provided a $10,500 loan to the Company.  The loan
                  was payable on demand,  unsecured,  bore interest at 6.45% per
                  annum,  and  consisted of $9,500 of principal  due on or after
                  April 16, 2009,  $1,000 of  principal  due on or after May 22,
                  2009 and $133 of accrued interest payable as at June 30, 2008.

                  During  the  period  ended  September  30,  2008,  the  former
                  President  of  the  Company  provided  a  $7,000  loan  to the
                  Company.  The loan was  payable  on  demand,  unsecured,  bore
                  interest  at 6.45%  per  annum,  and  consisted  of  $7,000 of
                  principal  due on or after July 5,  2009,  and $336 of accrued
                  interest payable as at August 29, 2008.

                  On August 29, 2008, the amounts due to the former President of
                  the Company  were  settled and the Company  recorded a $37,123
                  gain on the settlement of amounts due to related party.


<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  produce,  subject to
financing,  additional  collections of children's  stories from around the world
and begin promotion of our website. To date, we have produced 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  $10,000 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 $29,000.

To September 30, 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 former  director in the total amount of $32,500.  The loans were unsecured,
payable on demand and bore interest at 6.45% per annum.

We  anticipate  that  additional  funding will be required in the form of equity
financing  from the sale of our common stock.  However,  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 loans from our directors,
to fund our operations, marketing plan and 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 September 30, 2008, and 2007
--------------------------------------------------------------------

Our gross  revenue  from the sale of  distribution  license for the  three-month
period  ended  September  30,  2008,  was  $7,500,  compared  to  $Nil  for  the
three-month period ended September 30, 2007.

During the three-month  period ended  September 30, 2008, we incurred  operating
expenses in the amount of $12,760 (September 30, 2007: $11,364). These operating
expenses,  presented as general and administrative expenses on the statements of
operations as of September 30, 2008, were comprised of accounting and audit fees
of $6,700 (September 30, 2007: $2,000), consulting fees of $4,000 (September 30,
2007: $Nil), legal fees of $820 (September 30, 2007: $5,500), management fees of
$Nil (September 30, 2007: $1,000), transfer agent expense of $303 (September 30,

<page>

2007:   $Nil),   rent  of  $715  (September  30,  2007:  $730)  and  office  and
administrative  expenses of $222 (September 30, 2007:  $2,134).  In addition the
company  recorded  amortization  expense of $139 (September 30, 2007:  $Nil) and
interest expense of $336 (September 30, 2008 - $244).

As at September 30, 2008, the Company had assets totalling $9,239(June 30, 2008:
$2,439), and liabilities totalling $11,047(June 30, 2008: $35,689) for a working
capital deficiency of $3,721.

As of September  30,  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 a price of $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. As of September 30, 2008 we earned $7,500 from
the sale of audio files distribution license.

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.

Management
----------
On August 29,  2008,  the Company has  accepted  the  resignation  of  Alexander
Kulyashov,  from his  positions  as the  Company's  President,  Chief  Executive
Officer  and as a  member  of the  Company's  Board of  Directors.  Mr.Kulyashov
resigned  to pursue  other  interests.  Nadezda  Maximova,  our Chief  Financial
Officer,  was appointed as President and Chief Executive Officer of the Company.
In addition, Mrs. Elena Bylbash has been appointed by to our Board of Directors.

Mrs. Elena  Bylbash, 30, has  earned  a  law  degree  from St. Petersburg  State
University. Prior  to  her appointment, she  has  been  involved   with  several
publishing projects over the past 2 years.  Elena Bylbash is not  a  director or
officer of any other public company.

During the period from  August 25,  2006  (Inception)  to August 29,  2008,  the
former President of the Company provided loans to the Company totalling $32,500,
plus accrued interest of $1,458. The loans were unsecured, payable on demand and
bore  interest at 6.45% per annum.  On August 29,  2008,  the amounts due to the
former  President of the Company were settled and the Company recorded a $37,123
gain on the settlement of amounts due to related party.

We have  generated  minimal  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

<page>

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
October 28, 2008.  This  evaluation was conducted by Nadezda  Maximova and Elena
Bylbash, 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, Nadezda Maximova and Elena Bylbash,
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.

<page>

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

 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 August  29,  2008,  we have  filed  the Form 8-K  announcing  changes  in 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/ Nadezda Maximova
                                       ---------------------------
                                       Nadezda Maximova
                                       President, Chief Executive
                                       Officer, and Director
                                       Dated: October 28, 2008

                                       /s/ Elena Bylbash
                                       ----------------------------------
                                       Elena Bylbash
                                       Chief Financial Officer, Secretary
                                       Treasurer, principal accounting
                                       officer and Director
                                       Dated: October 28, 2008