UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

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

                For the quarterly period ended March 31, 2006
      or

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


                        Commission File Number 000-29249

                           Bella Trading Company, Inc.
                 ---------------------------------------------
        (Exact name of small business issuer as specified in its charter)


            Colorado                                     20-0990109
  ----------------------------            ----------------------------------
 (State or other jurisdiction of          (IRS Employer Identification Number)
 incorporation or organization)

                                945 E. 10th Ave.
                              Broomfield, CO. 80020
                       ---------------------------------
                    (Address of principal executive offices)

                                 (303) 920-3508
                          ---------------------------
                           (Issuer's Telephone Number)

                                       N/A
                          ---------------------------
              (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
15 or 15 (d) or 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-25 of the Exchange Act):

        Yes  [  ]    No  [X]

As of April 15, 2006, the Company had 8,214,880 issued and outstanding shares of
common stock.


<PAGE>

                           BELLA TRADING COMPANY, INC.
                          (A Development Stage Company)
                             Condensed Balance Sheet
                                   (Unaudited)

                                 March 31, 2006



                                     Assets


Current assets:
  Cash                                                      $        477
  Inventory, at cost                                               4,701
                                                            ------------
         Total current assets                                      5,178

Deferred offering costs                                           20,795
                                                             -----------
                                                            $     25,973

                      Liabilities and Shareholders' Equity

Current liabilities:
  Accounts payable and accrued liabilities                    $   18,735
                                                              ----------

         Total current liabilities                                18,735
                                                             -----------

Shareholders' equity (Notes 2 and 3):
  Preferred stock, $.001 par value; 10,000,000
    shares authorized, -0- shares issued and
    outstanding, respectively                                         --
  Common stock, $.001 par value; 50,000,000
    shares authorized, 4,400,000 shares issued
    and outstanding                                                4,400
  Additional paid-in capital                                      14,400
   Deficit accumulated during the development stage              (11,562)
                                                              ----------

         Total shareholders' equity                                7,238
                                                            ------------
                                                              $   25,973







     See accompanying notes to condensed, unaudited financial statements


                                      2
<PAGE>


4





                           BELLA TRADING COMPANY, INC.
                          (A Development Stage Company)
                       Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<S>                                  <C>            <C>        <C>          <C>                  <C>
                                                                                           April 5, 2004
                                        For The Three              For The Six                  (Inception)
                                        Months Ended              Months Ended                    through
                                          March 31,                 March 31,                    March 31,
                                     2006           2005        2006         2005                 2006
                                     ----           ----        ----         ----          -----------------

Sales                          $        432    $     716     $  1,557    $   2,920            $   14,373
  Cost of goods sold                   (297)        (116)        (926)        (661)               (6,052)
                               ------------    -----------   ----------  ------------         ----------
         Gross profit                   135          600          631        2,259                 8,321
                                ------------   ----------    ----------  -----------          ------------

Operating expenses:
  Stock-based compensation (Note 2):
    Officer compensation                 --           --           --           --                  400
    Professional fees                 1,815          758        2,746        1,565                9,599
    Other general and
         administrative expenses        650          660        1,175        1,772                7,484
    Contributed rent (Note 2)           300          300          600          600                2,400
                                  ---------    ---------     --------     --------             --------

      Total operating expenses        2,765        1,718        4,521        3,937               19,883
                                  ---------    ----------    --------     --------             --------
      Loss before income taxes       (2,630)      (1,118)      (3,890)      (1,678)             (11,562)

Provision for income taxes (Note 4)      --           --           --           --                   --
                                   --------    ---------     --------     --------             --------

         Net loss                $   (2,630)  $   (1,118)    $ (3,890)   $  (1,678)            $(11,562)
                                 ==========   ===========    =========   ==========            ========

Basic and diluted loss per
   share                         $    (0.00)  $    (0.00)    $  (0.00)   $   (0.00)
                                 ===========  ===========    =========   =========

Basic and diluted weighted
 average common shares
  outstanding                     4,400,000    4,400,000    4,400,000    4,400,000
                                  =========    =========    =========    =========

</TABLE>





     See accompanying notes to condensed, unaudited financial statements


                                       3
<PAGE>

                           BELLA TRADING COMPANY, INC.
                          (A Development Stage Company)
                       Condensed Statements of Cash Flows
                                   (Unaudited)

                                                                   April 5, 2004
                                     For The Six Months Ended         Through
                                            March 31,                March 31,
                                       2006             2005            2006
                                       ----             ----         ----------
   Net cash used in
      operating activities          $   (749)       $  (6,624)     $  (4,913)

Cash flows from financing activities:
   Proceeds from the sale of common
     stock                                --               --         20,000
   Payments for offering costs            --               --        (14,610)
                                     -------         --------      ----------
       Net cash provided by
           financing activities           --               --          5,390
                                     -------         --------      ----------

           Net change in cash           (749)          (6,624)           477

Cash, beginning of period              1,226            7,837             --
                                     -------         --------      ----------

Cash, end of period                 $    477        $   1,213      $     477
                                    ========        =========      =========

Supplemental disclosure of cash
 flow information:
   Cash paid during the period for:
      Income taxes                  $     --        $      --      $      --
                                    ========        =========      =========
      Interest                      $     --        $      --      $      --
                                    ========        =========      =========







     See accompanying notes to condensed, unaudited financial statements



                                       4
<PAGE>

                           BELLA TRADING COMPANY, INC.
                          (A Development Stage Company)
                     Notes to Condensed Financial Statements
                                   (Unaudited)


Note 1:  Basis of presentation

The accompanying interim condensed financial statements of Bella Trading
Company, Inc. (the "Company") have been prepared pursuant to the rules of the
Securities and Exchange Commission (the "SEC") for quarterly reports on Form
10-QSB and do not include all of the information and note disclosures required
by generally accepted accounting principles. These condensed financial
statements and notes herein are unaudited, but in the opinion of management,
include all the adjustments (consisting only of normal recurring adjustments)
necessary for a fair presentation of the Company's financial position, results
of operations, and cash flows for the periods presented. These condensed
financial statements should be read in conjunction with the Company's audited
financial statements and notes thereto included in the Company's Form 10-KSB for
the year ended September 30, 2005 as filed with the SEC. Interim operating
results are not necessarily indicative of operating results for any future
interim period or for the full year.

Note 2:  Related party transactions

The Company's president contributed office space to the Company for all periods
presented. The office space was valued at $100 per month based on the market
rate in the local area and is included in the accompanying financial statements
as contributed rent expense with a corresponding credit to additional paid-in
capital.

During April 2004, the Company issued 4,000,000 shares of its restricted common
stock to its president in exchange for business planning and organization
services. The shares issued in the transaction were recorded at the fair value
of the services provided as determined in good faith by the Board of Directors.
Stock-based compensation expense of $400 was recognized in the accompanying
financial statements.

Note 3:  Shareholders' equity

Between May and July 2004, the Company offered for sale 400,000 shares at of its
common stock at a price of $0.05 per share. The Company closed the offering
after selling all 400,000 shares for net proceeds of $16,000 after deducting
$4,000 of offering costs. The offering was made in reliance on an exemption from
registration of a trade in the United States under Rule 504 of Regulation D of
the United States Securities Act of 1933, as amended. All sales were conducted
through the Company's officers and directors.



                                       5
<PAGE>

                           BELLA TRADING COMPANY, INC.
                          (A Development Stage Company)
                     Notes to Condensed Financial Statements
                                   (Unaudited)



Note 4:  Income taxes

The Company records its income taxes in accordance with SFAS No. 109,
"Accounting for Income Taxes". The Company incurred net operating losses during
all periods presented resulting in a deferred tax asset, which was fully allowed
for; therefore, the net benefit and expense resulted in $-0- income taxes.

Note 5:  Subsequent events

During April and May 2006, the Company sold 1,210,000 shares of its common stock
for $60,500, or $.05 per share. The shares were sold pursuant to a registration
statement on Form SB-2 filed with the Securities and Exchange Commission.
Following the stock sales, the number of issued and outstanding shares of the
Company's common stock totaled 5,610,000.





















                                       6
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

      During the six months ended March 31, 2005 Bella's gross profit was 77% of
its gross revenues.

      During the six months ended March 31, 2006 Bella's gross profit was 41% of
its gross revenues. Bella's gross profit decreased over the comparable period in
the prior year due to discounts offered to maintain sales and sell older
inventory. Once the older inventory is sold and replaced with newer product,
Bella expects its gross profit margins for future periods will be approximately
75% since in general, the retail price of Bella's products is 400% of Bella's
cost for the item, which includes shipping costs.

      During the six months ended March 31, 2005, Bella's operations used
$(6,624) in cash. Capital was provided by cash on hand at October 1, 2004.

      During the six months ended March 31, 2006, Bella's operations used $(749)
in cash.

      Bella anticipates that its capital requirements for the twelve months
ending December 31, 2006 will be:

      Purchase of Inventory                     11,000
      Marketing                                 10,000
      General and administrative expenses        9,000
      Officers' Salaries                        18,000
      Offering Expenses                         12,000
                                             ---------
           Total                             $  60,000
                                             =========


      Bella does not anticipate that it will need to hire any new employees
during the twelve months ending September 30, 2006.

      On February 13, 2006 Bella's registration statement on Form SB-2 was
declared effective by the Securities and Exchange Commission. By means of the
registration statement Bella is offering for public sale up to 1,600,000 shares
of its common stock at a price of $0.05 per share. As of May 10, 2006 Bella had
sold 1,210,000 of the shares which it is offering by means of the registration
statement.

      This report does not constitute an offer to sell or the solicitation of an
offer to buy the securities covered by the registration statement, nor will
there by any sale of the securities covered by the registration statement in any
state in which an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of the state.

      Even if Bella's operations can generate cash its future plans will, in
part, be dependent upon the amount Bella is able to raise in its public
offering.

     If less than  $60,000 in net  capital is raised  from its public  offering,
Bella,  following  the  termination  of the  offering,  will  attempt  to  raise
additional  capital  through the private sale of its common stock or  borrowings


                                       7
<PAGE>

from third party lenders.  Bella does not have any  commitments or  arrangements
from any person to provide  Bella with any  additional  capital.  If  additional
financing is not  available  when  needed,  Bella may continue to operate in its
present  mode or Bella  may  need to cease  operations.  If Bella  continues  to
operate in its present mode, it will require  $1,000 to $2,000 of funding during
the twelve months ending December 31, 2006.


ITEM 3.  CONTROLS AND PROCEDURES

      Sara Preston, the Company's Chief Executive and Financial Officer, has
evaluated the effectiveness of the Company's disclosure controls and procedures
as of a date prior to the filing date of this report, and in her opinion the
Company's disclosure controls and procedures are effective to ensure that
material information relating to the Company, including its consolidated
subsidiaries, is made known to her by others within those entities, particularly
during the period in which this report is being prepared, so as to allow timely
decisions regarding required disclosure. There have been no changes in the
Company's internal controls or in other factors that could significantly affect
the Company's internal controls. As a result, no corrective actions with regard
to significant deficiencies or material weakness in the Company's internal
controls were required.













                                       8
<PAGE>


                                    PART III


ITEM 6. EXHIBITS AND REPORTS ON FORM 8 K

 (a) Exhibits

 Number       Title

   31         Rule 13a-14(a) Certifications

   32         Section 1350 Certifications

 (b) Reports on Form 8-K

     During the three  months  ended March 31, 2006 the Company did not file any
reports on Form 8-K:



<PAGE>


                                   SIGNATURES


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


                                          BELLA TRADING COMPANY, INC.


May 13, 2006                           /s/ Sara Preston
                                       --------------------------------------
                                       Sara Preston,  Chief Executive
                                       Officer,  Principal  Financial  Officer
                                       and Principal Accounting Officer