| x |  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------------|

| o |  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------------|

| Florida                                                       |   | 333-110324            |   | 90-0515106                        |
|---------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

| Large accelerated filer                                            |  o |   | Accelerated filer         |  o |
|--------------------------------------------------------------------|---------|--------|---------------------------|---------|
|                                                               |    |   |                      |    |
| Non-accelerated filer(Do not check if a smaller reporting company) |  o |   | Smaller reporting company |  x |

----

|                                |                                                                                        |
|-------------------------------------|---------------------------------------------------------------------------------------------|
| PART I— FINANCIAL INFORMATION |                                                                                        |
|                                |                                                                                        |   |
| Item 1.                             | Financial Statements                                                                        |   1 |
| Item 2.                             | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   22 |
| Item 3.                             | Quantitative and Qualitative Disclosures About Market Risk                                  |   27 |
| Item 4T.                            | Controls and Procedures                                                                     |   27 |
|                                |                                                                                        |   |
| PART II— OTHER INFORMATION    |                                                                                        |
|                                |                                                                                        |   |
| Item 1.                             | Legal Proceedings                                                                           |   28 |
| Item 1A.                            | Risk Factors                                                                                |   28 |
| Item 2.                             | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   28 |
| Item 3.                             | Defaults Upon Senior Securities                                                             |   28 |
| Item 4.                             | (Removed and Reserved)                                                                      |   28 |
| Item 5.                             | Other Information                                                                           |   28 |
| Item 6.                             | Exhibits                                                                                    |   28 |
|                                |                                                                                        |   28 |
| SIGNATURES                          |   29                                                                                   |
|                                |                                                                                        |

----

----

----

----

----

| Contents                                                         | Pages            |
|------------------------------------------------------------------|------------------|
|                                                             |             |
| Report of Independent Registered Public Accounting Firm          | 4                |
|                                                             |             |
| Consolidated Balance Sheets                                      | 5                |
|                                                             |             |
| Consolidated Statements of Operations                            | 6                |
|                                                             |             |
| Consolidated Statements of Changes in Stockholder’s Equity | 7                |
|                                                             |             |
| Consolidated Statements of Cash Flows                            | 8 – 9 |
|                                                             |             |
| Notes to Consolidated Financial Statements                       | 10 - 23     |

----

----

| ASSETS                                                        |   | Notes  |   |   | 9/30/2010 |    |      | 3/31/2010 |   |
|---------------------------------------------------------------|--------|--------|--------|--------|-----------|---------|-----------|-----------|--------|
| Current Assets                                                |   |   |   |   |      |    |      |      |   |
|    Cash and Cash Equivalents                   |   |   |   |   | $         | 850,219 |      |      | $      | 385,445 |   |
|    Accounts Receivable                         |   |   |   |   |      | 25,731  |      |      |   | 1,926 |   |
|    Other Receivable                            |   |   |   |   |      | 60,067  |      |      |   | 27,221 |   |
|    Inventories                                 |   |   | 3      |   |      |    | 1,505,410 |      |   |   | 429,738 |   |
|    Advance to Suppliers                        |   |   |   |   |      |    | 76,795    |      |   |   | 55,753 |   |
|    Related Parties Receivable                  |   |   | 4      |   |      |    | 615,021   |      |   |   | 174,543 |   |
|       Total Current Assets      |   |   |   |   |      |    | 3,133,243 |      |   |   | 1,074,626 |   |
| Non-Current Assets                                            |   |   |   |   |      |    |      |      |   |   |   |   |
|    Property, Plant & Equipment, net        |   |   | 5      |   |      |    | 2,262,836 |      |   |   | 2,286,977 |   |
|    Long-Term Investment                        |   |   | 6      |   |      |    | 29,970    |      |   |   | 29,970 |   |
|    Other Assets                                |   |   |   |   |      |    | 10,451    |      |   |   | 2,984 |   |
| TOTAL ASSETS                                                  |   |   |   |   |      |    | 5,436,500 |      |   | $ | 3,394,557 |   |
|                                                          |   |   |   |   |      |    |      |      |   |   |   |   |
| LIABILITIES                                                   |   |   |   |   |      |    |      |      |   |   |   |   |
| Current Liabilities                                           |   |   |   |   |      |    |      |      |   |   |   |   |
|    Accounts Payable                            |   |   |   |   |      | $       | 817,993   |      |   | $ | 18,502 |   |
|    Taxes Payable                               |   |   | 7      |   |      |    | 839,882   |      |   |   | 622,288 |   |
|    Other Payable                               |   |   |   |   |      |    | 543,250   |      |   |   | 61,573 |   |
| Current Portion of Long-term Debt                             |   |   | 9      |   |      |    | 8,101     |      |   |   | - |   |
|    Related Party Payable                       |   |   | 8      |   |      |    | 746,796   |      |   |   | 973,385 |   |
|    Customer Deposits                           |   |   |   |   |      |    | 543,446   |      |   |   | 69,107 |   |
|       Total Current Liabilities |   |   |   |   |      |    | 3,499,468 |      |   |   | 1,734,855 |   |
| Non-Current Liabilities                                       |   |   |   |   |      |    |      |      |   |   |   |   |
| Long-term Debt                                                |   |   | 9      |   |      |    | 56,339    |      |   |   | - |   |
| TOTAL LIABILITIES                                             |   |   |   |   |      |    | 3,555,807 |      |   |   | 1,734,855 |   |

| STOCKHOLDER’S EQUITY                                                                                                                                                                                                                                                                           |   |   |      |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Preferred Stock ($0.001 par value, 10,000,000 shares authorized, 0 share issued and outstanding at September 30 and March 31, 2010)Common Stock ($0.001 par value, 100,000,000 shares authorized, 26,546,997 shares authorized issued and outstanding at September 30 and  March 31, 2010) |   |   | 26,547    |   |   |   | 26,547 |   |
| Additional Paid in Capital                                                                                                                                                                                                                                                                           |   |   | 835       |   |   |   | 835 |   |
|     Retained Earnings                                                                                                                                                                                                                                                                 |   |   | 1,792,293 |   |   |   | 1,634,480 |   |
|     Accumulated Other Comprehensive Income                                                                                                                                                                                                                                            |   |   | 61,018    |   |   |   | (2,160 | ) |
| TOTAL STOCKHOLDER’S EQUITY                                                                                                                                                                                                                                                                     |   |   | 1,880,693 |   |   |   | 1,659,702 |   |
|                                                                                                                                                                                                                                                                                                 |   |   |      |   |   |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY                                                                                                                                                                                                                                                     |   | $      | 5,436,500 |   |   | $      | 3,394,557 |   |

----

|                                                  |   |   | 3 Months  |       |   | 6 Months  |   |       | 3 Months  |   |   | 6 Months     |
|-------------------------------------------------------|--------|--------|-----------|------------|--------|-----------|--------|------------|-----------|--------|--------|-----------------------------|
|                                                  |   |   | Ended     |       |   | Ended     |   |       | Ended     |   |   | Ended        |
|                                                  | Note   |   | 9/30/2010 |       |   | 9/30/2010 |   |       | 9/30/2009 |   |   | 9/30/2009    |
| Revenue                                               |   |   |      |       |   |      |   |       |      |   |   |                        |
| Sales                                                 |   |   | $         | 1,708,684  |   |      | $      | 2,727,464  |      |   | $      | 1,114,644                   |   |   | $ | 2,403,455 |   |
| Cost of Goods Sold                                    |   |   |      | 967,299    |   |      |   | 1,351,602  |      |   |   | 560,606                     |   |   |   | 1,308,213 |   |
|     Gross Profit                  |   |   |      | 741,385    |   |      |   | 1,375,862  |      |   |   | 554,038                     |   |   |   | 1,095,242 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Operating Expenses                                    |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Selling Expenses                                      |   |   |      | 91,376     |   |      |   | 321,240    |      |   |   | 316,590                     |   |   |   | 515,433 |   |
| General & Administrative Expenses                 |   |   |      | 489,545    |   |      |   | 891,997    |      |   |   | 223,497                     |   |   |   | 449,828 |   |
|     Total Operating Expenses      |   |   |      | 580,921    |   |      |   | 1,213,237  |      |   |   | 540,087                     |   |   |   | 965,261 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Operating Income                                      |   |   |      | 160,464    |   |      |   | 162,625    |      |   |   | 13,951                      |   |   |   | 129,981 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Other Income (Expenses)                               |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Other Income                                          |   |   |      | 1          |   |      |   | 241        |      |   |   | 853                         |   |   |   | 853 |   |
| Other Expenses                                        |   |   |      | (3,651     | )      |      |   | (3,775     | )         |   |   | -                           |   |   |   | (90 | ) |
| Interest Income                                       |   |   |      | 145        |   |      |   | 201        |      |   |   | 8                           |   |   |   | 8 |   |
| Interest Expense                                      |   |   |      | (1,479     | )      |      |   | (1,479     | )         |   |   | (1,659                      | ) |   |   | (3,601 | ) |
|     Total Other Income (Expenses) |   |   |      | (4,984     | )      |      |   | (4,812     | )         |   |   | (798                        | ) |   |   | (2,830 | ) |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Earnings before Tax                                   |   |   |      | 155,480    |   |      |   | 157,813    |      |   |   | 13,153                      |   |   |   | 127,151 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Income Tax                                            |   |   |      | -          |   |      |   | -          |      |   |   | -                           |   |   |   | - |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Net Income                                            |   |   | $         | 155,480    |   |      | $      | 157,813    |      |   | $      | 13,153                      |   |   | $ | 127,151 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
| Earnings per share                                    |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
|  - Basic                                    |   |   |      | 0.01       |   |      |   | 0.01       |      |   |   | 0.00                        |   |   |   | 0.00 |   |
|  - Diluted                                  |   |   |      | 0.01       |   |      |   | 0.01       |      |   |   | 0.00                        |   |   |   | 0.00 |   |
|                                                  |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
|  Weighted average shares outstanding             |   |   |      |       |   |      |   |       |      |   |   |                        |   |   |   |   |   |
|  - Basic                                    |   |   |      | 26,546,997 |   |      |   | 26,546,997 |      |   |   | 26,546,997                  |   |   |   | 26,546,997 |   |
|  - Diluted                                  |   |   |      | 26,546,997 |   |      |   | 26,546,997 |      |   |   |                        |   |   |   | 26,546,997 |   |

----

|                                    |   |   |       |   |   |   |   |       |   |   |     |   |   | Accumulated   |       |   |   |   |
|-----------------------------------------|--------|--------|------------|--------|--------|--------|--------|------------|--------|--------|----------|--------|--------|---------------|------------|--------|--------|--------|
|                                    |   | Number |       |   |   |   |   | Additional |   |   |     |   |   | Other         |       |   |   |   |
|                                    |   | of     |       |   | Common |   |   | Paid in    |   |   | Retained |   |   | Comprehensive |       |   |   |   |
|                                    |   | Shares |       |   | Stock  |   |   | Capital    |   |   | Earnings |   |   | Income        |       |   | Total  |   |
| Balance at April 1, 2009                |   |   | 26,546,997 |   |   | $      | 26,547 |       |   | $      | 835      |   |   | $             | 2,519,984  |   |   | $      | 9,748 |   |   | $ | 2,557,114 |   |
| Net Income                              |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | 334,573    |   |   |   | - |   |   |   | 334,573 |   |
| Distribution of Dividends               |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | (1,220,077 | )      |   |   | - |   |   |   | (1,220,077 | ) |
| Foreign Currency Translation Adjustment |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | -          |   |   |   | (11,908 | ) |   |   | (11,908 | ) |
| Balance at March 31, 2010               |   |   | 26,546,997 |   |   | $      | 26,547 |       |   | $      | 835      |   |   | $             | 1,634,480  |   |   | $      | (2,160 | ) |   | $ | 1,659,702 |   |
|                                    |   |   |       |   |   |   |   |       |   |   |     |   |   |          |       |   |   |   |   |   |   |   |   |   |
| Balance at April 1, 2010                |   |   | 26,546,997 |   |   | $      | 26,547 |       |   | $      | 835      |   |   | $             | 1,634,480  |   |   | $      | (2,160 | ) |   | $ | 1,659,702 |   |
| Net Income                              |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | 157,813    |   |   |   | - |   |   |   | 157,813 |   |
| Distribution of Dividends               |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | -          |   |   |   | - |   |   |   | - |   |
| Foreign Currency Translation Adjustment |   |   | -          |   |   |   | -      |       |   |   | -        |   |   |          | -          |   |   |   | 63,178 |   |   |   | 63,178 |   |
| Balance at September 30, 2010           |   |   | 26,546,997 |   |   | $      | 26,547 |       |   | $      | 835      |   |   | $             | 1,792,293  |   |   | $      | 61,018 |   |   | $ | 1,880,693 |   |

|                                    |   | Comprehensive Income |    |   |  Accumulated |   |
|-----------------------------------------|--------|----------------------|---------|--------|-------------------|--------|
|                                    |   | 9/30/2010            |    |   | 3/31/2010         |   |   |  Total |   |
| Net Income                              |   | $                    | 157,813 |   |              | $      | 334,573 |   |   | $ | 492,386 |   |
| Foreign Currency Translation Adjustment |   |                 | 63,178  |   |              |   | (11,908 | ) |   |   | 51,270 |   |
|                                    |   | $                    | 220,991 |   |              | $      | 322,665 |   |   | $ | 543,656 |   |

----

|                                                                |   | 3 Months  |       |   | 6 Months  |   |       | 3 Months  |   |   | 6 Months   |   |
|---------------------------------------------------------------------|--------|-----------|------------|--------|-----------|--------|------------|-----------|--------|--------|------------|--------|
|                                                                |   | Ended     |       |   | Ended     |   |       | Ended     |   |   | Ended      |   |
|                                                                |   | 9/30/2010 |       |   | 9/30/2010 |   |       | 9/30/2009 |   |   | 9/30/2009  |   |
| Cash Flows from Operating Activities                                |   |      |       |   |      |   |       |      |   |   |       |   |
| Cash Received from Customers                                        |   | $         | 2,244,155  |   |      | $      | 3,145,151  |      |   | $      | 1,133,584  |   |   | $ | 2,383,243 |   |
| Cash Paid to Suppliers & Employees                              |   |      | (2,079,192 | )      |      |   | (2,757,411 | )         |   |   | (1,051,943 | )      |   |   | (1,370,842 | ) |
| Cash Paid for Selling Expenses                                      |   |      | 30,020     |   |      |   | (140,418   | )         |   |   | (24,574    | )      |   |   | (357,383 | ) |
| Cash Received for Other Income                                      |   |      | 1          |   |      |   | 241        |      |   |   | 853        |   |   |   | 853 |   |
| Cash Paid for Other Expenses                                        |   |      | (3,651     | )      |      |   | (3,775     | )         |   |   | -          |   |   |   | (90 | ) |
| Interest received                                                   |   |      | 145        |   |      |   | 201        |      |   |   | 8          |   |   |   | 8 |   |
| Interest paid                                                       |   |      | (1,479     | )      |      |   | (1,479     | )         |   |   | (1,659     | )      |   |   | (3,601 | ) |
| VAT and Other Tax (Payments)/Refunds Received                       |   |      | 97,267     |   |      |   | 217,594    |      |   |   | 110,764    |   |   |   | 53,291 |   |
| Cash Sourced/(Used) in Operating Activities                         |   |      | 287,266    |   |      |   | 460,104    |      |   |   | 167,033    |   |   |   | 705,479 |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Cash Flows from Investing Activities                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Purchase of Intangible Assets                                       |   |      | -          |   |      |   | -          |      |   |   | (440       | )      |   |   | (586 | ) |
| Purchase of Property, Plant, and Equipment                          |   |      | (40,628    | )      |      |   | (51,954    | )         |   |   | (158,703   | )      |   |   | (302,136 | ) |
| Proceeds from Disposal of Property, Plant and Equipment             |   |      | 3,100      |   |      |   | 3,100      |      |   |   | -          |   |   |   | - |   |
| Purchase of Other Assets                                            |   |      | -          |   |      |   | (7,467     | )         |   |   | (4         | )      |   |   | (4 | ) |
| Payment for long-term investment                                    |   |      | -          |   |      |   | -          |      |   |   | (30,299    | )      |   |   | (30,299 | ) |
| Cash Used/(Sourced) in Investing Activities                         |   |      | (37,528    | )      |      |   | (56,321    | )         |   |   | (189,446   | )      |   |   | (333,025 | ) |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Cash Flows from Financing Activities                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Payment of Long-term Debt                                           |   |      | (2,187     | )      |      |   | (2,187     | )         |   |   | -          |   |   |   | - |   |
| Cash Sourced/(Used) in Financing Activities                         |   |      | (2,187     | )      |      |   | (2,187     | )         |   |   | -          |   |   |   | - |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Net Increase/(Decrease) in Cash & Cash Equivalents for the Year |   |      | 247,551    |   |      |   | 401,596    |      |   |   | (22,413    | )      |   |   | 372,454 |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Effect of Other Comprehensive Income                                |   |      | 906        |   |      |   | 63,178     |      |   |   | 68,424     |   |   |   | 13,100 |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Cash & Cash Equivalents at Beginning of Period                  |   |      | 601,762    |   |      |   | 385,445    |      |   |   | 343,207    |   |   |   | 3,664 |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Cash & Cash Equivalents at End of Period                        |   |      | 850,219    |   |      |   | 850,219    |      |   |   | 389,218    |   |   |   | 389,218 |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Non-cash Investing Activity                                         |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |
| Purchase of Motor Vehicle by Way of Long-term Debt                  |   |      | 66,628     |   |      |   | 66,628     |      |   |   | -          |   |   |   | - |   |
|                                                                |   |      |       |   |      |   |       |      |   |   |       |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                       |   | 3 Months  |     |   | 6 Months  |   |       | 3 Months  |   |   | 6 Months  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|----------|--------|-----------|--------|------------|-----------|--------|--------|-----------|--------|
|                                                                                                                                                                                                                                                                                       |   | Ended     |     |   | Ended     |   |       | Ended     |   |   | Ended     |   |
|                                                                                                                                                                                                                                                                                       |   | 9/30/2010 |     |   | 9/30/2010 |   |       | 9/30/2009 |   |   | 9/30/2009 |   |
|                                                                                                                                                                                                                                                                                       |   |      |     |   |      |   |       |      |   |   |      |   |
| Net Income                                                                                                                                                                                                                                                                                 |   | $         | 155,480  |   |      | $      | 157,813    |      |   | $      | 13,153    |   |   | $ | 127,151 |   |
|                                                                                                                                                                                                                                                                                       |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
| Adjustments to Reconcile Net Income to                                                                                                                                                                                                                                                     |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
| Net Cash Provided by Cash Activities:                                                                                                                                                                                                                                                      |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                       |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
|    Depreciation                                                                                                                                                                                                                                                             |   |      | 67,209   |   |      |   | 136,351    |      |   |   | 73,274    |   |   |   | 135,510 |   |
| Loss on Disposal of Property, Plant and Equipment                                                                                                                                                                                                                                          |   |      | 3,271    |   |      |   | 3,271      |      |   |   | -         |   |   |   | - |   |
|    Decrease/(Increase) in Accounts Receivable                                                                                                                                                                                                                               |   |      | 56,044   |   |      |   | (23,805    | )         |   |   | 16,309    |   |   |   | (26,720 | ) |
|    Decrease/(Increase) in Other Receivable                                                                                                                                                                                                                                  |   |      | 71,244   |   |      |   | (32,846    | )         |   |   | (12,580   | )      |   |   | (27,318 | ) |
|    Decrease/(Increase) in Inventories                                                                                                                                                                                                                                       |   |      | (983,415 | )      |      |   | (1,090,300 | )         |   |   | 73,544    |   |   |   | 195,045 |   |
|    Decrease/(Increase) in Advance to Suppliers                                                                                                                                                                                                                              |   |      | (57,547  | )      |      |   | (21,042    | )         |   |   | (90,698   | )      |   |   | 23,259 |   |
|    Decrease/(Increase) in Related Parties                                    Receivable |   |      | (413,780 | )      |      |   | (440,478   | )         |   |   | 143,045   |   |   |   | (60,352 | ) |
|  Decrease/(increase) in prepaid expenses                                                                                                                                                                                                                                              |   |      | -        |   |      |   | 14,628     |      |   |   | 5,703     |   |   |   | - |   |
|    Increase/(Decrease) in Accounts Payable                                                                                                                                                                                                                                  |   |      | 709,771  |   |      |   | 799,491    |      |   |   | (118,203  | )      |   |   | (25,183 | ) |
|    Increase/(Decrease) in Taxes Payable                                                                                                                                                                                                                                     |   |      | 97,267   |   |      |   | 217,594    |      |   |   | 105,062   |   |   |   | 53,291 |   |
|    Increase/(Decrease) in Other Payable                                                                                                                                                                                                                                     |   |      | 464,697  |   |      |   | 481,677    |      |   |   | 75,698    |   |   |   | 82,891 |   |
|    Increase/(Decrease) in Related Party Payable                                                                                                                                                                                                                             |   |      | (291,157 | )      |      |   | (216,589   | )         |   |   | (132,483  | )      |   |   | 306,937 |   |
|    Increase/(Decrease) in Customer Deposits                                                                                                                                                                                                                                 |   |      | 408,182  |   |      |   | 474,339    |      |   |   | 15,209    |   |   |   | 33,826 |   |
|                                                                                                                                                                                                                                                                                       |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
| Total of all adjustments                                                                                                                                                                                                                                                                   |   |      | 131,786  |   |      |   | 302,291    |      |   |   | 153,880   |   |   |   | 578,328 |   |
|                                                                                                                                                                                                                                                                                       |   |      |     |   |      |   |       |      |   |   |      |   |   |   |   |   |
| Cash Sourced (Used) in Operation                                                                                                                                                                                                                                                           |   | $         | 287,266  |   |      | $      | 460,104    |      |   | $      | 167,033   |   |   | $ | 705,479 |   |

----

| 1.   | The Company and Principal Business Activities |
|----------------|-----------------------------------------------|

----

| 2.   | Summary of Significant Accounting Policies |
|----------------|--------------------------------------------|

| (A)   | Method of Accounting |
|-----------------|----------------------|

| (B)   | Consolidation |
|-----------------|---------------|

| Name of Entity                                   | Date of Incorporation | Place of Incorporation | Attributable Equity Interest | Registered Capital |
|--------------------------------------------------|-----------------------|------------------------|------------------------------|--------------------|
|                                             |                  |                   |                         |               |
| Rebornne New Zealand Ltd.                        | December 17, 2001     | New Zealand            | 100%                         | NZD $2,000         |
| Rebornne (Guangzhou) Dairy Company               | July 10, 2006         | PRC                    | 100%                         | USD $1,380,000     |
| Rebornne (Shenzhen) Dairy Company                | January 18, 2010      | PRC                    | 100%                         | USD $100,000       |
| Shenzhen Xin Sheng Advertising and Strategy Ltd. | July 16, 2010         | PRC                    | 100%                         | RMB $500,000       |

| (C)   | Use of Estimates |
|-----------------|------------------|

| (D)   | Cash and Cash Equivalents |
|-----------------|---------------------------|

----

| (E)   | Accounts Receivable |
|-----------------|---------------------|

| (F)   | Inventories |
|-----------------|-------------|

| (G)   | Advances to Suppliers |
|-----------------|-----------------------|

| (H)   | Property, Plant, and Equipment |
|-----------------|--------------------------------|

| Fixed Assets Classification         | Useful Lives       |
|-------------------------------------|--------------------|
| Property and Leasehold Improvements | 10 Years           |
| Equipment and Furniture             | 2.5 to 10 Years    |
| Motor Vehicles                      | 4  Years |

| (I)   | Long-Term Investment |
|-----------------|----------------------|

----

| (J)   | Customer Deposits |
|-----------------|-------------------|

| (K)   | Comprehensive Income |
|-----------------|----------------------|

| (L)   | Revenue Recognition |
|-----------------|---------------------|

| (M)   | Cost of Goods Sold |
|-----------------|--------------------|

----

| (N)   | Selling Expenses |
|-----------------|------------------|

| (O)   | General & Administrative Expenses |
|-----------------|---------------------------------------|

| (P)   | Advertising Expenses |
|-----------------|----------------------|

| (Q)   | Retirement Plan |
|-----------------|-----------------|

| (R)   | Income Tax |
|-----------------|------------|

----

| Entities                                         | Countries of Domicile | Income Tax Rate                                                                                                                                                                  |
|--------------------------------------------------|-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Rebornne (USA), Inc.                             | United States         |                         15.00%  -  35.00% |
| Rebornne New Zealand Limited                     | New Zealand           | 30.00%                                                                                                                                                                           |
| Rebornne (Guangzhou) Dairy Company               | PRC                   | 25.00%                                                                                                                                                                           |
| Rebornne (Shenzhen) Dairy Company                | PRC                   | 25.00%                                                                                                                                                                           |
| Shenzhen Xin Sheng Advertising and Strategy Ltd. | PRC                   | 25.00%                                                                                                                                                                           |

| (S)   | Foreign Currency Translation |
|-----------------|------------------------------|

| Exchange Rates                         | 09/30/10 | 03/31/10 | 09/30/09 |
|----------------------------------------|----------|----------|----------|
| Period end RMB : US$ exchange rate     | 6.6981   | 6.8361   | 6.8376   |
| Average period RMB : US$ exchange rate | 6.8068   | 6.8383   | 6.8411   |
|                                   |     |     |     |
| Period end NZD : US$ exchange rate     | 1.3548   | 1.4073   | 1.3947   |
| Average period HKD : US$ exchange rate | 1.4110   | 1.4845   | 1.4886   |

----

| (T)   | Financial Instruments |
|-----------------|-----------------------|

| (U)   | Recent Accounting Pronouncements |
|-----------------|----------------------------------|

----

----

| (V)   | Subsequent Events |
|-----------------|-------------------|

| 3.   | Inventories |
|----------------|-------------|

|           |   | 09/30/2010 |      |   | 3/31/2010 |   |
|----------------|--------|------------|-----------|--------|-----------|--------|
| Raw materials  |   | $          | 270,639   |   |      | $      | 49,808 |   |
| Finished goods |   |       | 1,234,771 |   |      |   | 379,930 |   |
|           |   | $          | 1,505,410 |   |      | $      | 429,738 |   |
|           |   |       |      |   |      |   |   |   |

| 4.   | Related Parties Receivable |
|----------------|----------------------------|

|                               |   | 09/30/2010 |    |   | 03/31/2010 |   |
|------------------------------------|--------|------------|---------|--------|------------|--------|
|                               |   |       |    |   |       |   |
| Rebornne Trading Company Limited   |   | $          | 46,840  |   |       | $      | 48,004 |   |
| Rebornne Dairy Dongying Company    |   |       | 179,628 |   |       |   | 126,539 |   |
| Pai Cun (Guangzhou) Health Limited |   |       | 388,553 |   |       |   | - |   |
|                               |   | $          | 615,021 |   |       | $      | 174,543 |   |

| 5.   | Property, Plant, and Equipment |
|----------------|--------------------------------|

|                                |   |   |      |   | Accumulated  |        |    |   |   |
|-------------------------------------|--------|--------|-----------|--------|--------------|-------------|---------|--------|--------|
| 9/30/2010                           |   | Cost   |      |   | Depreciation |        |    | Net    |   |
| Property and Leasehold Improvements |   | $      | 784,200   |   |         | $           | 210,502 |   |   | $ | 573,698 |   |
| Equipment and Furniture             |   |   | 1,679,901 |   |         |        | 312,536 |   |   |   | 1,367,365 |   |
| Motor Vehicles                      |   |   | 378,572   |   |         |        | 56,799  |   |   |   | 321,773 |   |
|                                |   | $      | 2,842,673 |   |         | $           | 579,837 |   |   | $ | 2,262,836 |   |
|                                |   |   |      |   |         |        |    |   |   |   |   |   |
|                                |   |   |      |   |         | Accumulated |    |   |   |   |   |
| 3/31/2010                           |   | Cost   |      |   | Depreciation |        |    | Net    |   |
| Property and Leasehold Improvements |   | $      | 765,056   |   |         | $           | 96,457  |   |   | $ | 668,599 |   |
| Equipment and Furniture             |   |   | 1,638,590 |   |         |        | 221,329 |   |   |   | 1,417,261 |   |
| Motor Vehicles                      |   |   | 323,544   |   |         |        | 122,427 |   |   |   | 201,117 |   |
|                                |   | $      | 2,727,190 |   |         | $           | 440,213 |   |   | $ | 2,286,977 |   |

----

| 6.   | Long-Term Investment |
|----------------|----------------------|

| 7.   | Taxes Payable |
|----------------|---------------|

|               |   | 09/30/2010 |    |   | 03/31/2010 |   |
|--------------------|--------|------------|---------|--------|------------|--------|
|               |   |       |    |   |       |   |
| Value Added Tax    |   | $          | 735,258 |   |       | $      | 524,971 |   |
| Other Tax          |   |       | 32,157  |   |       |   | 19,405 |   |
| Income Tax Payable |   |       | 72,466  |   |       |   | 77,912 |   |
|               |   | $          | 839,882 |   |       | $      | 622,288 |   |

----

| 8.   | Related Party Payable |
|----------------|-----------------------|

| 9.   | Long-term Debt |
|----------------|----------------|

|                  |   | 09/30/2010 |   |   | 03/31/2010 |   |
|-----------------------|--------|------------|--------|--------|------------|--------|
|                  |   |       |   |   |       |   |
| Motor Vehicle Loan    |   | $          | 64,440 |   |       | $      | - |   |
| Less: Current Portion |   |       | (8,101 | )      |       |   | - |   |
|                  |   | $          | 56,339 |   |       | $      | - |   |

| 10.   | Commitments |
|-----------------|-------------|

| 11.   | Economic, Political, and Legal Risks |
|-----------------|--------------------------------------|

----

| 12.   | Subsequent Event |
|-----------------|------------------|

----

----

| For three months ended                | 30/9/2010 | 30/9/2009 | Difference |
|---------------------------------------|-----------|-----------|------------|
| USD                                   | %         | USD       | %          | % |
| Revenues                              |      |      |       |   |   |
| Sales                                 | 1,708,684 | 100.0     | 1,114,644  | 100.0 | 53.29 |
| Cost of Goods Sold                    | 967,299   | 56.51     | 560,606    | 50.29 | 72.55 |
| Gross profit                          | 741,385   | 43.39     | 554,038    | 49.71 | 33.81 |
| Operating Expenses                    |      |      |       |   |   |
| Selling Expenses                      | 91,376    | 5.35      | 316,590    | 28.4 | (71.14) |
| General & Administrative Expenses | 489,545   | 28.65     | 223,497    | 20.05 | 119.04 |
| Total Operating Expenses              | 580,921   | 34.0      | 540,087    | 48.45 | 7.56 |
| Operating Income                      | 160,464   | 9.39      | 13,951     | 1.25 | 1050.2 |
| Other Income (Expenses)               |      |      |       |   |   |
| Other Income                          | 1         | 0         | 853        | 0.08 | (99.88) |
| Other Expenses                        | (3,651)   | (0.21)    | -          | - | - |
| Interest Income                       | 145       | 0.008     | 8          | 0 | 1712.5 |
| Interest Expense                      | (1,479)   | (0.09)    | (1,659)    | (0.15) | 10.85 |
| Total Other Income/ (Expenses)        | (4,984)   | (0.21)    | (798)      | (0.07) | (524.6) |
| Earnings before Tax                   | 155,480   | 9.10      | 13,153     | 1.18 | 1082.1 |
| Income Tax                            | -         | -         | -          | - | - |
| Net Income                            | 155,480   | 9.10      | 13,153     | 1.18 | 1082.1 |

----

----

| For the Six Months Ended              | 30/9/2010 | 30/9/2009 | Difference |
|---------------------------------------|-----------|-----------|------------|
| USD                                   | %         | USD       | %          | % |
| Revenues                              |      |      |       |   |   |
| Sales                                 | 2,727,464 | 100.0     | 2,403,455  | 100.0 | 13.48 |
| Cost of Goods Sold                    | 1,351,602 | 49.55     | 1,308,213  | 54.43 | 3.32 |
| Gross profit                          | 1,375,862 | 50.44     | 1,095,242  | 45.57 | 25.62 |
| Operating Expenses                    |      |      |       |   |   |
| Selling Expenses                      | 321,240   | 11.78     | 515,433    | 21.45 | (37.68) |
| General & Administrative Expenses | 891,997   | 32.70     | 449,828    | 18.72 | 98.30 |
| Total Operating Expenses              | 1,213,237 | 44.48     | 965,261    | 40.16 | 25.69 |
| Operating Income                      | 162,625   | 5.96      | 129,981    | 5.41 | 25.11 |
| Other Income (Expenses)               |      |      |       |   |   |
| Other Income                          | 241       | 0.009     | 853        | 0.04 | (71.75) |
| Other Expenses                        | (3,775)   | (0.14)    | (90)       | (0.004) | (4094.4) |
| Interest Income                       | 201       | 0.007     | 8          | 0 | 2412.5 |
| Interest Expense                      | (1,479)   | (0.05)    | (3,601)    | (0.15) | 58.93 |
| Total Other Income/ (Expenses)        | (4,812)   | (0.18)    | (2,830)    | (0.12) | (70.04) |
| Earnings before Tax                   | 157,813   | 5.79      | 127,151    | 5.29 | 24.11 |
| Income Tax                            | -         |      | -          |   | - |
| Net Income                            | 157,813   | 5.79      | 127,151    | 5.29 | 24.11 |

----

|                                                                  | 30/9/2010 | 30/9/2009 |
|-----------------------------------------------------------------------|-----------|-----------|
|                                                                  |      |      |
| Cash Flows from Operating Activities                                  | 287,266   | 167,033   |
| Cash Flows from Investing Activities                                  | (37,528)  | (189,446) |
| Cash Flows from Financing Activities                                  | -         | -         |
| Net Increase/(Decrease) in Cash & Cash Equivalents for the Period | 247,551   | (22,413)  |
| Effect of other Comprehensive Income                                  | 906       | 68,424    |
| Cash & Cash Equivalents at Beginning of Period                    | 601,762   | 343,207   |
| Cash & Cash Equivalents at End of Period                          | 850,219   | 389,218   |

----

----

----

|                          | REBORNNE (USA), INC. |                                            |
|-------------------------------|----------------------|-------------------------------------------------|
|                          |                 |                                            |   |
| Date:  November 22, 2010 | By:                  | /s/ Dairy Global                                |   |
|                          |                 | Dairy Global                                    |   |
|                          |                 | President,                                      |   |
|                          |                 | Chief Executive Officer,Chief Financial Officer |   |

----