SECURITIES
AND EXCHANGE COMMISSION


Washington
D.C.  20549





FORM
10-QSB








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





For the
Quarter Ended: June 30, 2008





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





For the
Transition Period from _____________ to ____________





Commission
File Number   1-32522





Trafalgar Resources,
Inc.


(Name of
Small Business Issuer in its charter)





Utah
            
            91-0974149(State
      or other jurisdiction of incorporation or organization)
            
            (I.R.S.
      Employer I.D. No.)





P.O.
      Box 2017, Sandy, Utah
            
            84091-2017(Address
      of principal executive offices and Zip
Code)





(801)
      784-1114(Registrant's
      telephone number, including area
code)





Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 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.   (1)  Yes
[X]    No []    (2)  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 [X] No []





Indicate
the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date.





Class
      "A" Voting Common Stock, no par value
            
            5,250,915Title
      of Class
            
            Number
      of Shares Outstanding as of August 8,
2008











PART
I FINANCIAL INFORMATION





ITEM
1.  FINANCIAL STATEMENTS





Trafalgar
Resources, Inc.


FINANCIAL
STATEMENTS


(UNAUDITED)








The
financial statements included herein have been prepared by the Company, without
audit, pursuant to the rules and regulations of the Securities and Exchange
Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted.  However, in the
opinion of management, all adjustments (which include only normal recurring
accruals) necessary to present fairly the financial position and results of
operations for the periods presented have been made.  These financial
statements should be read in conjunction with the accompanying notes, and with
the historical financial information of the Company.








2


Trafalgar
      Resources, Inc.BALANCE
      SHEETUNAUDITEDJune
      30, 2008ASSETSCURRENT
      ASSETSCash
            
            $
            6,937Prepaid
      expenses
            
            
            0TOTAL
      CURRENT ASSETS
            
            
            6,937$
            6,937LIABILITIES AND SHAREHOLDERS'
      (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable
            
            $
            0Interest
      payable
            
            
            302Income
      taxes payable
            
            
            0TOTAL
      CURRENT LIABILITIES
            
            
            302CONTINGENT
      LIABILITIESNote
      payable -- Related party (Note 2)
            
            
            20,000TOTAL
      LIABILITIES
            
            
            20,302SHAREHOLDERS'
      (DEFICIT)Common
      stock no par value, 100,000,000shares
      authorized, 5,250,929, shares issued at June 30, 2008
            
            
            137,413Retained
      deficit
            
            
            (103,925)Deficit
      from re-entering development stage
            
            
            (46,853)TOTAL
      SHAREHOLDERS' (DEFICIT)
            
            
            (13,365)$
            6,937








3





Trafalgar
      Resources, Inc.STATEMENTS
      OF OPERATIONSUNAUDITEDThree
      Months Ended June 30,
            
            Period
      from re-entering development stage to June 30,2008
            
            2007
            
            2008Income
            
            $
            0
            
            $
            0
            
            $
            2Cost
      of Sales
            
            
            0
            
            
            0
            
            
            0GROSS
      PROFIT
            
            
            0
            
            
            0
            
            
            2ExpensesGeneral
      and Administrative
            
            
            1,830
            
            
            1,435
            
            
            45,213Interest
      Expense
            
            
            225
            
            
            113
            
            
            1,2422,055
            
            
            1,548
            
            
            46,455(LOSS)
      BEFORE TAXES
            
            
            (2,055)
            
            
            (1,548)
            
            
            (46,453)PROVISION
      FOR TAXES
            
            
            0
            
            
            0
            
            
            400NET
      (LOSS)
            
            $
            (2,055)
            
            $
            (1,548)
            
            $
            (46,853)(LOSS)
      PER COMMON SHAREBasic
      and fully diluted loss per weighted average common share
      outstanding
            
            $
            (0.00)
            
            $
            (0.00)Weighted
      average number of common shares outstanding
            
            
            5,250,929
            
            
            5,250,929








4





Trafalgar
      Resources, Inc.STATEMENTS
      OF OPERATIONSUNAUDITEDNine
      Months Ended June 30,
            
            Period
      from re-entering development stage to June 30,2008
            
            2007
            
            2008Income
            
            $
            0
            
            $
            0
            
            $
            2Cost
      of Sales
            
            
            0
            
            
            0
            
            
            0GROSS
      PROFIT
            
            
            0
            
            
            0
            
            
            2ExpensesGeneral
      and Administrative
            
            
            8,177
            
            
            7,015
            
            
            45,213Interest
      Expense
            
            
            488
            
            
            152
            
            
            1,2428,665
            
            
            7,167
            
            
            46,455(LOSS)
      BEFORE TAXES
            
            
            (8,665)
            
            
            (7,167)
            
            
            (46,453)PROVISION
      FOR TAXES
            
            
            0
            
            
            0
            
            
            400NET
      (LOSS)
            
            $
            (8,665)
            
            $
            (7,167)
            
            $
            (46,853)(LOSS)
      PER COMMON SHAREBasic
      and fully diluted loss per weighted average common share
      outstanding
            
            $
            (0.00)
            
            $
            (0.00)Weighted
      average number of common shares outstanding
            
            
            5,250,929
            
            
            5,250,929








5





Trafalgar
      Resources, Inc.STATEMENTS
      OF CASH FLOWSUNAUDITEDNine
      Months Ended June 30,
            
            Period
      from re-entering development stage to June 30,2008
            
            2007
            
            2008OPERATING
      ACTIVITIESNet
      (Loss)
            
            $
            (8,665)
            
            $
            (7,167)
            
            $
            (46,853)Adjustments
      to reconcile not (loss) to net cash required by operating
      activities:Interest
      -- non-cash
            
            
            38
            
            
            152
            
            
            302Changes
      in operating assets and liabilities:Prepaid
      Expenses
            
            
            0
            
            
            0
            
            
            0Accounts
      Payable
            
            
            (750)
            
            
            0
            
            
            (5,269)Income
      Taxes payable
            
            
            (100)
            
            
            (100)
            
            
            (1,243)NET
      CASH REQUIRED BY OPERATING ACTIVITIES
            
            
            (9,477)
            
            
            (7,115)
            
            
            (53,063)FINANCING
      ACTIVITIESLoans
            
            
            10,000
            
            
            10,000
            
            
            20,000Stock
      Sold
            
            
            0
            
            
            0
            
            
            40,000NET
      CASH PROVIDED BY FINANCING ACTIVITIES
            
            
            10,000
            
            
            10,000
            
            
            60,000NET
      INCREASE (DECREASE) IN CASH
            
            
            523
            
            
            2,885
            
            
            6,937CASH
      AT BEGINNING OF PERIOD
            
            
            6,414
            
            
            4,911
            
            
            0CASH
      AT END OF PERIOD
            
            $
            6,937
            
            $
            7,796
            
            $
            6,937CASH
      PAID FOR TAXES
            
            $
            100
            
            $
            0
            
            $
            1,724CASH
      PAID FOR INTEREST
            
            $
            450
            
            $
            0
            
            $
            940








6


Trafalgar
Resources, Inc.


Notes
to Financial Statements (Unaudited)


June
30, 2008








Note
1: Summary of Significant Accounting Policies





Development stage
enterprise





Trafalgar
Resources, Inc. (the "Company") was incorporated under the laws of the State of
Utah on October 25, 1972. The Company is considered a development stage
enterprise as defined in SFAS 7 because since October 1, 2003, it has not
commenced operations that have resulted in significant revenue and the Company's
efforts have been devoted primarily to activities related to raising capital and
attempting to acquire an operating entity.





Unaudited
information





The
accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
for interim financial information and with the instructions to Form 10-QSB and
Item 310 of Regulation SB of the United States Securities and Exchange
Commission. Accordingly, they do not include all of the information and footnote
disclosures normally included in annual financial statements prepared in
accordance with generally accepted accounting principles.





In the
opinion of management, all adjustments (consisting of normal recurring accruals)
considered necessary to present fairly the financial position and results of
operations for the periods presented have been made. These financial statements
for the nine months ended June 30, 2008, should be read in conjunction with the
accompanying notes and with the historical financial information of the Company,
and are not necessarily indicative of the results that may be expected for the
year ending September 30, 2008.





Use of
estimates





These
financial statements are prepared in conformity with accounting principles
generally accepted in the United States of America and require that management
make estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities. The use of
estimates and assumptions may also affect the reported amounts of revenues and
expenses. Actual results could differ from those estimates or
assumptions.





Net loss per share of common
stock





The loss
per share of common stock is computed by dividing the net loss during the period
presented by the weighted average number of shares outstanding during that same
period.





Income
taxes





The
Company has not had any income in prior periods and therefore, no income taxes
were paid. Management has determined that future taxable income may not be
allowed to offset prior losses and therefore has not established a deferred tax
asset.


7


Trafalgar
Resources, Inc.


Notes
to Financial Statements (Unaudited)


June
30, 2008








Note
1: Summary of Significant Accounting Policies (continued)





Revenue
recognition





The
Company has not had any realizable sources of revenue and consequently, has not
established a policy for the recognition of revenue.





New accounting
pronouncements





In May
2008, the FASB issued Statement No. 162, “The Hierarchy of Generally Accepted
Accounting Principles.”  This statement identifies the sources
of accounting principles and the framework for selecting the principles to be
used in the preparation of financial statements of nongovernmental entities that
are presented in conformity with generally accepted accounting principles (GAAP)
in the United States (the GAAP hierarchy).  This statement is
effective 60 days following the SEC’s approval of the Public Company Accounting
Oversight Board amendments to AU Section 411, “the Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles.”









In May
2008, the FASB issued Statement No. 163“Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No.
60.”The premium revenue recognition approach for a financial
guarantee insurance contract links premium revenue recognition to the amount of
insurance protection and the period in which it is provided. For purposes of
this statement, the amount of insurance protection provided is assumed to be a
function of the insured principal amount outstanding, since the premium received
requires the insurance enterprise to stand ready to protect holders of an
insured financial obligation from loss due to default over the period of the
insured financial obligation.  This Statement is effective for
financial statements issued for fiscal years beginning after December 15,
2008.









In
December 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 160 (“FAS 160"),
Noncontrolling Interests in Consolidated Financial Statements, which establishes
accounting and reporting standards for the noncontrolling interest in a
subsidiary and for the deconsolidation of a subsidiary. FAS160 is effective for
financial statements issued for fiscal years beginning on or after December 15,
2008, and interim periods within those fiscal years. The Company presently does
not expect the adoption ofFAS 160 to have an effect on its
financial statements.









In
December 2007, the Financial Accounting Standards Board (“FASB”) issued FASB
Statements No.141 (revised 2007), “Business Combinations” (“FAS
141(R)”) and No. 160, “Noncontrolling Interests in
Consolidated Financial Statements” (“FAS 160”). These standards aim to
improve, simplify, and converge internationally the accounting for business
combinations and the reporting of noncontrolling interests in consolidated
financial statements. The provisions of FAS 141 (R) and FAS 160 are effective
for the fiscal year beginning June 1, 2009. We are currently evaluating the
provisions of FAS 141(R) and FAS 160.









8


Trafalgar
Resources, Inc.


Notes
to Financial Statements (Unaudited)


June
30, 2008








Note
1: Summary of Significant Accounting Policies (continued)





New accounting
pronouncements (continued)







In
February 2007, the FASB issued Statement No. 159, “The Fair Value Option for Financial
Assets and Financial Liabilities - Including an amendment to FASB Statement No.
115”.This statement permits companies to choose to measure many
financial instruments and other items at fair value. The objective is to improve
financial reporting by providing entities with the opportunity to mitigate
volatility in reported earnings caused by measuring related assets and
liabilities differently without having to apply complex hedge accounting
provisions. This Statement is expected to expand the use of fair value
measurement of accounting for financial instruments. This statement applies to
all entities, including not for profit. The fair value option established by
this statement permits all entities to measure eligible items at fair value at
specified election dates. This statement is effective as of the beginning of an
entity’s first fiscal year that begins after November 15, 2007.The Company is
currently assessing the impact adoption of SFAS No. 159 will have on its
financial statements.









In
December 2006, the FASB issued SFAS No. 157 “Fair Value Measurements” which
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles and expands disclosure about fair value
measurements. The statement clarifies that the exchange price is the price in an
orderly transaction between market participants to sell the asset or transfer
the liability in the market in which the reporting entity would transact for the
asset or liability, that is, the principal or most advantageous market for the
asset or liability. It also emphasizes that fair value is a market-based
measurement, not an entity-specific measurement, and that market participant
assumptions include assumptions about risk and effect of a restriction on the
sale or use of an asset. The provisions are effective for fiscal years beginning
after November 15, 2007. The Company is currently assessing the impact of the
statement.









NOTE
2:     RELATED PARTY TRANSACTIONS









At June
30, 2008 the Company owes $752 of interest and $20,000 of principal to its
President through two notes.  Note 1 bears interest at 4.5% per year.
Interest of $450 per year is due on February 27, 2009. Interest and principal of
$10,450 are due on February 27, 2010. Note 2 bears interest at 4.5% per
year.  Interest of $450 per year is due on February 29, 2009 and
2010.  Interest and principal of $10,450 are due on February 29,
2011.




9


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





SPECIAL NOTE REGARDING
FORWARD-LOOKING STATEMENTS





This
periodic report contains certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 with respect to the
financial condition, results of operations, business strategies, operating
efficiencies or synergies, competitive positions, growth opportunities for
existing products, plans and objectives of management. Statements in this
periodic report that are not historical facts are hereby identified as
forward-looking statements.




Critical Accounting Policies
and Estimates







The
preparation of financial statements and related disclosures in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the amounts
reported in the unaudited Financial Statements and accompanying notes. 
Management bases its estimates on historical experience and on various other
assumptions that are believed to be reasonable under the circumstances.
Actual results could differ from these estimates under different
assumptions or conditions.  The Company believes there have
been no significant changes during the nine month periods ended June 30, 2008
and 2007, to the items disclosed as significant accounting policies since
the Company’s last audited financial statements for the year ended September 30,
2007.





The
Company’s accounting policies are more fully described in Note 1 of the
financial statements.  As discussed in Note 1, the preparation of
financial statements and related disclosures in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions about the future events that affect
the amounts reported in the financial statements and the accompanying notes.
Management bases its estimates on historical experience and on various other
assumptions that are believed to be reasonable under the
circumstances.  Actual differences could differ from these estimates
under different assumptions or conditions.  The Company believes that
the following addresses the Company’s most critical accounting
policies.





We will
recognize revenue in accordance with Securities and Exchange Commission Staff
Accounting Bulletin No. 104, “Revenue Recognition” (“SAB 104”).  Under
SAB 104, revenue is recognized at the point of passage to the customer of title
and risk of loss, when there is persuasive evidence of an arrangement, the sales
price is determinable, and collection of the resulting receivable is reasonably
assured.





We
account for income taxes in accordance with Statement of Financial Accounting
Standards No. 109, “Accounting  for Income Taxes” (“SFAS No.
109).  Under SFAS No. 109, deferred tax assets and liabilities are
measured using enacted tax rates in effect for the year in which the differences
are expected to reverse.  Deferred tax assets will be reflected on the
balance sheet when it is determined that it is more likely than not that the
asset will be realized.  A valuation allowance has currently been
recorded to reduce our deferred tax asset to $0.





Business of the
Company





The
Company was incorporated under the laws of the state of Utah on October 25,
1972, under the name of Electronic Agricultural Machinery Development
Corporation.  In 1974, the Company changed its name to Zenith
Development Corporation.  In 1980, the Company changed its name to
Alternative Energy Resources, Inc.  In 2004, the Company changed its
name to Trafalgar Resources, Inc.





10


Initially,
the Company sought to develop and market inventions, including an asparagus
harvester, a hot water saving device and a gas alert
signal.  Ultimately, none of the inventions were successful and they
were abandoned.  The Company ceased to conduct any business and has
not conducted any business during the last three years.





Currently,
the Company is in the process of investigating potential business ventures
which, in the opinion of management, will provide a source of eventual profit to
the Company.  Such involvement may take many forms, including the
acquisition of an existing business or the acquisition of assets to establish
subsidiary businesses.  All risks inherent in new and inexperienced
enterprises are inherent in the Company=s
business.





The
selection of a business opportunity in which to participate is complex and
risky. Additionally, as the Company has only limited resources, it may be
difficult to find good opportunities.  There can be no assurance that
the Company will be able to identify and acquire any business opportunity which
will ultimately prove to be beneficial to the Company and its shareholders. The
Company will select any potential business opportunity based on management's
business judgment.





The
activities of the Company are subject to several significant risks which arise
primarily as a result of the fact that the Company has no specific business and
may acquire or participate in a business opportunity based on the decision of
management which potentially could act without the consent, vote, or approval of
the Company's shareholders.  The risks faced by the Company are
further increased as a result of its lack of resources and its inability to
provide a prospective business opportunity with significant
capital.





Discussion and Analysis of
Financial Condition and Results of Operations





The
Company is in the process of looking for potential business
ventures.  As the Company possesses limited funds, the Company will be
extremely limited in its attempts to locate potential business situations for
investigation.  The Company intends to commence, on a limited basis,
the process of investigating possible merger and acquisition candidates, and
believes that the Company=s status as
a publicly-held corporation will enhance its ability to locate such potential
business ventures.  No assurance can be given as to when the Company
may locate suitable business opportunities and such opportunities may be
difficult to locate; however, the Company intends to actively search for
potential business ventures for the foreseeable future. The Company=s management
does not expect to remain involved as management of any acquired
business.





Management
anticipates that due to its lack of funds, and the limited amount of its
resources, the Company may be restricted to participation in only one potential
business venture.  This lack of diversification should be considered a
substantial risk because it will not permit the Company to offset potential
losses from one venture against gains from another.





Business
opportunities, if any arise, are expected to become available to the Company
principally from the personal contacts of its officers and
directors.  While it is not expected that the Company will engage
professional firms specializing in business acquisitions or reorganizations,
such firms may be retained if funds become available in the future, and if
deemed advisable.  Opportunities may thus become available from
professional advisors, securities broker-dealers, venture capitalists, members
of the financial community, and other sources of unsolicited
proposals.  In certain circumstances, the Company may agree to pay a
finder=s fee or
other form of compensation, including perhaps one-time cash payments, payments
based upon a percentage of revenues or sales volume, and/or payments involving
the issuance of securities, for services provided by persons who submit a
business opportunity in which the Company shall decide to participate, although
no contracts or arrangements of this nature presently exist.  The
Company is unable to predict at this time the cost of locating a suitable
business opportunity.





11


The
analysis of business opportunities will be undertaken by or under the
supervision of the Company=s
management, none of whom is a professional analyst and none of whom have
significant general business experience.  Among the factors which
management will consider in analyzing potential business opportunities are the
available technical, financial and managerial resources; working capital and
financial requirements; the history of operations, if any; future prospects; the
nature of present and anticipated competition; potential for further research,
developments or exploration; growth and expansion potential; the perceived
public recognition or acceptance of products or services; name identification,
and other relevant factors.





It is not
possible at present to predict the exact manner in which the Company may
participate in a business opportunity.  Specific business
opportunities will be reviewed and, based upon such review, the appropriate
legal structure or method of participation will be decided upon by
management.  Such structures and methods may include, without
limitation, leases, purchase and sale agreements, licenses, joint ventures; and
may involve merger, consolidation or reorganization.  The Company may
act directly or indirectly through an interest in a partnership, corporation or
reorganization.  However, it is most likely that any acquisition of a
business venture the Company would make would be by conducting a reorganization
involving the issuance of the Company=s restricted
securities.  Such a reorganization may involve a merger (or
combination pursuant to state corporate statutes, where one of the entities
dissolves or is absorbed by the other), or it may occur as a consolidation,
where a new entity is formed and the Company and such other entity combine
assets in the new entity.  A reorganization may also occur, directly
or indirectly, through subsidiaries, and there is no assurance that the Company
would be the surviving entity.  Any such reorganization could result
in loss of control of a majority of the shares.  The Company=s present
directors may be required to resign in connection with a
reorganization.





The
Company may choose to enter into a venture involving the acquisition of or
merger with a company which does not need substantial additional capital but
desires to establish a public trading market of its securities.  Such
a company may desire to consolidate its operations with the Company through a
merger, reorganization, asset acquisition, or other combination, in order to
avoid possible adverse consequences of undertaking its own public
offering.  (Such consequences might include expense, time delays or
loss of voting control.)  In the event of such a merger, the Company
may be required to issue significant additional shares, and it may be
anticipated that control over the Company=s affairs
may be transferred to others.





As part
of their investigation of acquisition possibilities, the Company=s management
may meet with executive officers of the business and its personnel; inspect its
facilities; obtain independent analysis or verification of the information
provided, and conduct other reasonable measures, to the extent permitted by the
Company=s limited
resources and management=s limited
expertise.  Generally, the Company intends to analyze and make a
determination based upon all available information without reliance upon any
single factor as controlling.





In all
likelihood, the Company=s management
will be inexperienced in the areas in which potential businesses will be
investigated and in which the Company may make an acquisition or
investment.  Thus, it may become necessary for the Company to retain
consultants or outside professional firms to assist management in evaluating
potential investments.  The Company can give no assurance that it will
be able to find suitable consultants or managers.  The Company has no
policy regarding the use of consultants, however, if management, in its
discretion, determines that it is in the best interests of the Company,
management may seek consultants to review potential merger or acquisitions
candidates.  There are currently no contracts or agreements between
any consultant and any companies that are searching for Ashell@ companies
with which to merge.





12


It may be
anticipated that the investigation of specific business opportunities and the
negotiation, drafting and execution of relevant agreements, disclosure documents
and other instruments will require substantial management time and attention,
and substantial costs for accountants, attorneys and others.  Should a
decision thereafter be made not to participate in a specific business
opportunity, it is likely that costs already expended would not be
recoverable.  It is likely, in the event a transaction should
eventually fail to be consummated, for any reason, that the costs incurred by
the Company would not be recoverable.  The Company=s officers
and directors are entitled to reimbursement for all expenses incurred in their
investigation of possible business ventures on behalf of the Company, and no
assurance can be given that if the Company has available funds they will not be
depleted in such expenses.





Based on
current economic and regulatory conditions, management believes that it is
possible, if not probable, for a company like the Company,
without  many assets or many liabilities, to negotiate a merger or
acquisition with a viable private company.  The opportunity arises
principally because of the high legal and accounting fees and the length of time
associated with the registration process of Agoing
public@.  However,
should any of these conditions change, it is very possible that there would be
little or no economic value for anyone taking over control of the
Company.





LIQUIDITY AND CAPITAL
RESOURCES





As of
June 30, 2008, the Company had $6,937 in cash and $20,302 in
liabilities.  The Company has only incidental ongoing expenses
primarily associated with maintaining its corporate status and maintaining the
Company=s reporting
obligations to the Securities and Exchange Commission.  Current
management has indicated a willingness to help support the Company=s ongoing
expenses through the purchase of securities of the Company or loans to the
Company.  Existing liabilities are related to loans by management to
help fund ongoing expenses.





For the
three months ended June 30, 2008, the Company had $2,055 in expenses related to
maintaining its corporate status, paying accounting and legal
fees.  Management anticipates only nominal continuing expenses related
to investigating business opportunities and legal and accounting cost. For the
three months ended June 30, 2008, the Company had a net loss of $2,055 compared
to a loss of $1,548 for the three months ended June 30, 2007.





Since
inception the Company has not generated significant revenue, and it is unlikely
that any revenue will be generated until the Company locates a business
opportunity with which to acquire or merge.  Management of the Company
will be investigating various business opportunities.  These efforts
may cost the Company not only out of pocket expenses for its management but also
expenses associated with legal and accounting costs.  There can be no
guarantee that the Company will receive any benefits from the efforts of
management to locate business opportunities.





Management
does not anticipate employing any employees in the future until a merger or
acquisition can be accomplished.  Management will continue to rely on
outside consultants to assist in its corporate filing requirements.





RESULTS OF
OPERATIONS





The
Company has not had any significant revenue since reentering the development
stage.  The Company continues to suffer a small loss related to
maintaining its corporate status and reporting obligations.  For the
three months ended June 30, 2008, the Company had a net loss of $2,055 and for
the nine months ended June 30, 2008, a net loss of $8,665.   The
Company does not anticipate any revenue until it locates a new business
opportunity.





13


ITEM
      3.
            CONTROLS
      AND PROCEDURES





a)      Evaluation of Disclosure
controls and procedures.





The
Company=s principal
executive officers, including principal accounting officers have reviewed the
disclosure controls and procedures (as defined in section 240.13a-149c and
240.15d-14c in place to assure the effectiveness of such controls and
procedures.  This review occurred within 90 days of this 10-QSB being
filed.  Based on this review, the principal executive officers and
accounting officers believe Trafalgar=s disclosure
controls and procedures are adequate.





b)      Changes in Internal
Controls.





There
were no significant changes in Trafalgar=s internal
controls, or other factors, that could significantly affect the Company=s controls
subsequent to the date of the evaluations performed by the executive officers of
the Company.  No deficiencies or material weaknesses were found that
would require corrective action.





PART
II - OTHER INFORMATION





ITEM
      1.
            LEGAL
      PROCEEDINGS


None.





ITEM
      2.
            CHANGES
      IN SECURITIES


None.





ITEM
      3.
            DEFAULTS
      UPON SENIOR SECURITIES


None.





ITEM
      4.
            SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY
HOLDERS


None.





ITEM
      5.
            OTHER
      INFORMATION


None.





ITEM
      6.
            EXHIBITS
      AND REPORTS ON FORM 8-K





(a)           Exhibits.





Item
      4
            
            Exhibit
      No.
            
            Instruments
      Defining the Rights of Security Holders
            
            Location4.01
            
            4
            
            Specimen
      Stock Certificate
            
            Incorporated
      by reference *10.01
            
            10
            
            Promissory
      Note
            
            This
      filing10.01
            
            10
            
            Promissory
      Note
            
            This
      filing31.01
            
            31
            
            CEO
      certification Pursuant to 18USC Section 1350, as adopted pursuant to
      Section 302 of Sarbanes--Oxley Act of 2002
            
            This
      filing31.02
            
            31
            
            CFO
      certification Pursuant to 18USC Section 1350, as adopted pursuant to
      Section 302 of Sarbanes--Oxley Act of 2002
            
            This
      filing32.01
            
            32
            
            CEO
      Certification pursuant to section 906
            
            This
      filing32.02
            
            32
            
            CFO
      Certification pursuant to section 906
            
            This
      filing





14


*
            Incorporated
      by reference from the Company's registration statement on Form 10-SB filed
      with the Commission, SEC file no.
0-23502.





(b)           Reports on Form
8-K.





None.





SIGNATURES





Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.





Trafalgar
      Resources, Inc.(Registrant)Dated:  August
      8, 2008
            
            By:
      /s/  Anthony Brandon EscobarAnthony
      Brandon Escobar, President (Principal Executive
Officer)By:
      /s/  Anthony ColettiAnthony
      Coletti, Principal Accounting
Officer





15