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

                                    FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2009

                        Commission file number 333-140445


                             SAWADEE VENTURES, INC.
             (Exact name of registrant as specified in its charter)

                                     NEVADA
         (State or other jurisdiction of incorporation or organization)

             9003 Reseda Boulevard, Suite 205A, Northridge, CA 91324
          (Address of principal executive offices, including zip code)

                                 (818) 882-7177
                     (Telephone number, including area code)

                            Michael M. Kessler, Esq.
                       3436 American River Drive, Suite 11
                              Sacramento, CA 95864
                                 (916) 239-4000
            (Name, address and telephone number of agent for service)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the last 90 days. YES [X] NO [ ]

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes [ ] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer, "accelerated filer,"
"non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 36,000,000 shares as of November 12,
2009
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                                 Balance Sheets
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>

                                                         Unaudited as of     Audited as of
                                                          September 30,       December 31,
                                                              2009               2008
                                                            --------           --------
<S>                                                         <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                      $  5,714           $ 14,682
                                                            --------           --------
      Total Current Assets                                     5,714             14,682
                                                            --------           --------

      Total  Assets                                         $  5,714           $ 14,682
                                                            ========           ========

                                  LIABILITIES

CURRENT LIABILITIES
  Accounts Payable and Accrued Liabilities                     4,505              6,568
                                                            --------           --------
      Total Current Liabilities                                4,505              6,568
                                                            --------           --------

                              STOCKHOLDERS' EQUITY

Common Stock
  75,000,000 authorized shares, par value $0.001
  36,000,000 shares issued and outstanding                    36,000             36,000
Additional Paid-in-Capital                                    18,000             18,000
Deficit accumulated during exploration stage                 (52,791)           (45,886)
                                                            --------           --------
      Total Stockholders' Equity                               1,209              8,114
                                                            --------           --------

      Total Liabilities and Stockholders' Equity            $  5,714           $ 14,682
                                                            ========           ========
</TABLE>

                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       2
<PAGE>
                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                            Statements of Operations
                           (Expressed in U.S. Dollars)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                               Period from
                                                                                                            September 26, 2006
                                      For the Three     For the Three     For the Nine      For the Nine    (Date of inception)
                                      Months Ended      Months Ended      Months Ended      Months Ended         through
                                      September 30,     September 30,     September 30,     September 30,      September 30,
                                          2009              2008              2009              2008               2009
                                      ------------      ------------      ------------      ------------       ------------
<S>                                   <C>               <C>               <C>               <C>                <C>
REVENUES:
  Revenues                            $         --      $         --      $         --      $         --       $         --
                                      ------------      ------------      ------------      ------------       ------------

      Total Revenues                            --                --                --                --                 --

EXPENSES:
  Operating Expenses
    Exploration expenses                        --                --                --                --             10,000
    Impairment of mineral property              --                --                --                --              9,000
    General and Administrative               1,105             1,138             1,585             2,035              9,368
    Professional Fees                        3,560             1,755             5,320             3,385             24,423
                                      ------------      ------------      ------------      ------------       ------------
      Total Expenses                         4,665             2,893             6,905             5,420             52,791
                                      ------------      ------------      ------------      ------------       ------------

Net loss from Operations                    (4,665)           (2,893)           (6,905)           (5,420)           (52,791)

PROVISION FOR INCOME TAXES:
  Income Tax Benefit                            --                --                --                --                 --
                                      ------------      ------------      ------------      ------------       ------------

Net Income (Loss) for the period      $     (4,665)     $     (2,893)     $     (6,905)     $     (5,420)      $    (52,791)
                                      ============      ============      ============      ============       ============

Basic and Diluted Earnings Per
 Common Share                                (0.00)            (0.00)            (0.00)            (0.00)             (0.00)
                                      ------------      ------------      ------------      ------------       ------------
Weighted Average number of Common
 Shares used in per share
 calculations                           36,000,000        36,000,000        36,000,000        36,000,000         31,680,000
                                      ============      ============      ============      ============       ============
</TABLE>


                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       3
<PAGE>
                             SAWADEE VENTURES, INC.
                        (An Exploration Stage Enterprise)
                       Statements of Stockholders' Equity
    For the period from September 26, 2006 (inception) to September 30, 2009
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                  $0.001        Paid-In     Accumulated     Stockholders'
                                                   Shares        Par Value      Capital       Deficit         Equity
                                                   ------        ---------      -------       -------         ------
<S>                                               <C>           <C>           <C>           <C>              <C>
Balance, September 26, 2006 (Date of Inception)          --      $     --      $     --      $      --       $     --

Stock Issued for cash at $0.001 per share        18,000,000        18,000            --             --         18,000
 on December 1, 2006

Net Loss for the Period (audited)                        --            --            --         (7,165)        (7,165)
                                                 ----------      --------      --------      ---------       --------
Balance, December 31, 2006                       18,000,000        18,000            --         (7,165)        10,835

Stock Issued for cash at $0.002 per share        18,000,000        18,000        18,000             --         36,000
 on April 12, 2007

Net Loss for the Year (audited)                          --            --            --        (27,267)       (27,267)
                                                 ----------      --------      --------      ---------       --------
Balance, December 31, 2007                       36,000,000        36,000        18,000        (34,432)        19,568

Net Loss for the Year (audited)                          --            --            --        (11,454)       (11,454)
                                                 ----------      --------      --------      ---------       --------
Balance, December 31, 2008                       36,000,000        36,000        18,000        (45,886)         8,114

Net Loss for the Period (unaudited)                      --            --            --         (6,905)        (6,905)
                                                 ----------      --------      --------      ---------       --------

Balance, September 30, 2009 (unaudited)          36,000,000      $ 36,000      $ 18,000      $ (52,791)      $  1,209
                                                 ==========      ========      ========      =========       ========
</TABLE>


              The accompanying notes are an integral part of these
                         interim financial statements.

                                       4
<PAGE>
                             SAWADEE VENTURES, INC.
                       (An Exploration Stage Enterprise)
                            Statements of Cash Flows
                           (Expressed in U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                    Period from
                                                                                 September 26, 2006
                                             For the Three      For the Nine     (Date of inception)
                                             Months Ended       Months Ended          through
                                             September 30,      September 30,       September 30,
                                                 2009               2009                2009
                                               --------           --------            --------
<S>                                            <C>                <C>                 <C>
OPERATING ACTIVITIES:
  Net Loss                                     $ (4,665)          $ (6,905)           $(52,791)
  Adjustments to reconcile net loss to
   net cash used in operating activities:
     Impairment of mineral property                  --                 --               9,000
     Prepaid                                         --                 --                  --
     Accounts Payable and Accrued Liabilities     1,981             (2,063)              4,505
                                               --------           --------            --------
Net Cash used in Operating Activities            (2,684)            (8,968)            (39,286)
                                               --------           --------            --------
INVESTING ACTIVITIES:
  Mineral property option payment                    --                 --              (9,000)
                                               --------           --------            --------
Net Cash Used in Investing Activities                --                 --              (9,000)
                                               --------           --------            --------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Common Stock issued for cash                       --                 --              54,000
                                               --------           --------            --------
Net Cash Provided by Financing Activities            --                 --              54,000
                                               --------           --------            --------

Net Increase (Decrease) in Cash                  (2,684)            (8,968)              5,714
                                               --------           --------            --------

Cash, Beginning of the Period                     8,398             14,682                  --
                                               --------           --------            --------

Cash, End of the Period                        $  5,714           $  5,714            $  5,714
                                               ========           ========            ========

SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid for interest                         $     --           $     --            $     --
                                               ========           ========            ========

Cash paid for income taxes                     $     --           $     --            $     --
                                               ========           ========            ========
</TABLE>


                 The accompanying notes are an integral part of
                      these interim financial statements.

                                       5
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES

DESCRIPTION  OF  BUSINESS  AND  HISTORY  -  Sawadee   Ventures  Inc.,  a  Nevada
corporation,  (hereinafter  referred to as the "Company" or "Sawadee  Ventures")
was  incorporated  in the State of Nevada on September 26, 2006. The Company was
formed to engage in the  acquisition,  exploration  and  development  of natural
resource  properties  of merit.  The  Company  entered  into a Mineral  Property
Purchase Agreement (the "MPPA") with a private British Columbia company, whereby
the Company  obtained an option to acquire a total of 3 mining claims located in
the Vernon Mining District of British  Columbia.  During the year ended December
31, 2008, the Company  terminated the MPPA and relieved  itself from any further
obligations thereunder.

On September 12, 2008 Douglas Ford resigned as our  President,  Chief  Executive
Officer,  Treasurer,  and Chief Financial Officer.  As a result on September 12,
2008  we  appointed  Rachna  Khanna  as  President,   Chief  Executive  Officer,
Treasurer, and Chief Financial Officer of the Company.  Additionally, Ms. Khanna
was appointed a director of the Company.

On January 19, 2009 Douglas Ford resigned as a director.  Our board of Directors
is now comprised of Rachna Khanna.

THE COMPANY TODAY

The  Company is  currently  a  development  stage  company  reporting  under the
provisions  of  Statement  of  Financial  Accounting  Standard  ASC  915.  Since
September  29,  2008,  our  purpose has been to serve as a vehicle to acquire an
operating business and we are currently considered a "shell" company inasmuch as
we are not generating  revenues,  do not own an operating business,  and have no
specific plan other than to engage in a merger or acquisition transaction with a
yet-to-be identified operating company or business.  We have no employees and no
material assets.

                                       6
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

GOING CONCERN - The Company has incurred net losses of approximately $52,791 for
the period from  September  26, 2006 (Date of Inception)  through  September 30,
2009 and has commenced limited  operations,  raising substantial doubt about the
Company's  ability  to  continue  as a going  concern.  The  Company  will  seek
additional  sources of capital through the issuance of debt or equity financing,
but there can be no assurance the Company will be  successful  in  accomplishing
its objectives.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
additional  sources  of  capital  and the  success of the  Company's  plan.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

YEAR END - The Company's year end is December 31.

USE OF ESTIMATES - The  preparation  of the  financial  statements in conformity
with  generally  accepted  accounting  principles  requires  management  to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial  statements and the reported amount of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

INCOME  TAXES - The Company  accounts for its income  taxes in  accordance  with
Statement of Financial  Accounting  Standards  ("SFAS") No. 109,  which requires
recognition of deferred tax assets and liabilities  for future tax  consequences
attributable to differences  between the financial statement carrying amounts of
existing assets and  liabilities  and their  respective tax basis and tax credit
carry  forwards.  Deferred tax assets and liabilities are measured using enacted
tax rates  expected  to apply to  taxable  income  in the  years in which  those
temporary  differences  are expected to be  recovered or settled.  The effect on
deferred tax assets and  liabilities  of a change in tax rates is  recognized in
operations in the period that includes the enactment date.

The Company has net  operating  loss  carryover to be used for  reducing  future
year's taxable  income.  The Company has recorded a valuation  allowance for the
full  potential  tax  benefit  of  the  operating  loss  carryovers  due  to the
uncertainty regarding realization.

NET  LOSS  PER  COMMON  SHARE - The  Company  computes  net  loss  per  share in
accordance  with SFAS No. 128,  Earnings  per Share  ("SFAS  128") and SEC Staff
Accounting  Bulletin No. 98 ("SAB 98"). Under the provisions of SFAS 128 and SAB
98, basic net loss per share is computed by dividing  the net loss  available to
common  stockholders  for the period by the weighted average number of shares of
common stock outstanding  during the period. The calculation of diluted net loss

                                       7
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

per share gives effect to common stock  equivalents;  however,  potential common
shares are  excluded  if their  effect is  anti-dilutive.  For the  period  from
September 26, 2006 (Date of Inception)  through  September 30, 2009, the Company
had no potentially dilutive securities.

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

LONG-LIVED  ASSETS - In accordance  with Financial  Accounting  Standards  Board
("FASB") SFAS No. 144,  "Accounting for the Impairment or Disposal of Long-Lived
Assets",  the carrying value of intangible assets and other long-lived assets is
reviewed on a regular basis for the existence of facts or circumstances that may
suggest  impairment.  The  Company  recognizes  impairment  when  the sum of the
expected  undiscounted future cash flows is less than the carrying amount of the
asset.  Impairment  losses,  if any,  are measured as the excess of the carrying
amount of the asset over its estimated fair value.

MINERAL PROPERTY COSTS - The Company has been in the exploration stage since its
inception on September  26, 2006 and has not yet realized any revenues  from its
planned operations,  being the acquisition and exploration of mining properties.
Mineral property  exploration  costs are expensed as incurred.  Mineral property
acquisition costs are initially  capitalized when incurred using the guidance in
EITF 04-02,  "Whether  Mineral  Rights Are Tangible or Intangible  Assets".  The
Company  assesses  the  carrying  costs  for  impairment  under  SFAS  No.  144,
"Accounting  for  Impairment  or Disposal  of Long Lived  Assets" at each fiscal
quarter  end.  When  it has  been  determined  that a  mineral  property  can be
economically developed as a result of establishing proven and probable reserves,
the costs then incurred to develop such property,  are  capitalized.  Such costs
will be amortized using the  units-of-production  method over the estimated life
of the probable  reserve.  If mineral  properties are subsequently  abandoned or
impaired, any capitalized costs will be charged to operations.

RECENT  ACCOUNTING  PRONOUNCEMENTS  - In December 2007, the FASB issued SFAS No.
160, Noncontrolling Interest in Consolidated Financial Statements,  an amendment
of ARB No. 51 ("SFAS No. 160"),  which will change the  accounting and reporting
for  minority  interests,   which  will  be  recharacterized  as  noncontrolling
interests  and  classified  as a  component  of equity  within the  consolidated
balance  sheets.  SFAS No. 160 is effective  as of the  beginning of an entity's
first fiscal year beginning on or after December 15, 2008.  Earlier  adoption is
prohibited.  Management  has  not  determined  the  effect  that  adopting  this
statement  would  have  on  the  Company's  financial  position  or  results  of
operations.

                                       8
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

In  December  2007,  the FASB  issued  SFAS No.  141  (Revised  2007),  Business
Combinations  ("SFAS No.  141R").  SFAS No. 141R will change the  accounting for
business combinations. Under SFAS No. 141R, an acquiring entity will be required
to recognize all the assets acquired and liabilities assumed in a transaction at
the  acquisition-date  fair value with  limited  exceptions.  SFAS No. 141R will
change the accounting  treatment and disclosure for certain  specific items in a
business   combination.   SFAS  No.  141R  applies   prospectively  to  business
combinations  for which the acquisition date is on or after the beginning of the
entity's first annual  reporting period beginning on or after December 15, 2008.
Accordingly, any business combinations completed by the Company prior to January
1, 2009 will be recorded and disclosed  following existing GAAP.  Management has
not  determined  the  effect  that  adopting  this  statement  would have on the
Company's financial position or results of operations.

In February 2007, the Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards  No. 159, The Fair Value  Option for  Financial
Assets and Financial  Liabilities - Including an amendment of FASB Statement No.
115 ("SFAS No. 159").  This statement permits entities to choose to measure many
financial instruments and certain 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,   which  is  consistent  with  the  Board's  long-term  measurement
objectives for accounting for financial  instruments.  As of September 30, 2009,
the Company has not adopted this statement and management has not determined the
effect  that  adopting  this  statement  would have on the  Company's  financial
position or results of operations.

In March  2008,  the FASB issued SFAS No.  161,  "Disclosures  about  Derivative
Instruments  and Hedging  Activities",  an amendment  of SFAS No. 133.  SFAS 161
applies to all derivative  instruments and  non-derivative  instruments that are
designated and qualify as hedging instruments pursuant to paragraphs 37 and 42of
SFAS 133 and  related  hedged  items  accounted  for under  SFAS  133.  SFAS 161
requires entities to provide greater transparency through additional disclosures
about  how  and  why an  entity  uses  derivative  instruments,  how  derivative
instruments  and related  hedged items are  accounted for under SFAS 133 and its
related interpretations, and how derivative instruments and related hedged items
affect an entity's financial position, results of operations, and cash flows. We
do not expect that the  adoption of SFAS 161 will have a material  impact on our
financial condition or results of operation.

In May 2008, the FASB issued SFAS No. 163,  "Accounting for Financial  Guarantee
Insurance  Contracts - an  interpretation  of FASB  Statement  No. 60." SFAS 163
requires that an  insurance  enterprise  recognize a claim liability prior to an

                                       9
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


1.  DESCRIPTION  OF  BUSINESS,  HISTORY  AND SUMMARY OF  SIGNIFICANT  ACCOUNTING
POLICIES (continued)

event  of  default   (insured   event)  when  there  is  evidence   that  credit
deterioration  has occurred in an insured financial  obligation.  This Statement
also  clarifies  how  Statement  60 applies  to  financial  guarantee  insurance
contracts,  including the  recognition and measurement to be used to account for
premium  revenue  and claim  liabilities.  Those  clarifications  will  increase
comparability in financial  reporting of financial guarantee insurance contracts
by insurance  enterprises.  This Statement  requires expanded  disclosures about
financial   guarantee  insurance   contracts.   The  accounting  and  disclosure
requirements  of the Statement will improve the quality of information  provided
to users of  financial  statements.  SFAS 163 will be  effective  for  financial
statements  issued for fiscal years  beginning  after  December  15,  2008.  The
Company does not expect the adoption of SFAS 163 will have a material  impact on
its financial condition or results of operation.

Management  believes  recently  issued  accounting  pronouncements  will have no
impact on the financial statements of Sawadee.

2. PROPERTY AND EQUIPMENT

As of  September  30,  2009,  the  Company  does  not  own any  property  and/or
equipment.

3. MINERAL PROPERTY

During the year ended  December 31,  2008,  the Company  terminated  its Mineral
Property  Purchase  Agreement  with Cazador  Resources  Ltd., a private  British
Columbia company.  The Company has relieved itself from any further  obligations
under the Mineral Property Purchase Agreement.

4. STOCKHOLDER'S EQUITY

The  Company has  75,000,000  shares  authorized  with a par value of $0.001 per
share.

A total of  36,000,000  shares of the  Company's  common stock have been issued.
18,000,000  shares of the  Company's  common  stock to the sole  director of the
Company pursuant to a stock subscription agreement at $0.001 per share for total
proceeds of $18,000.  Another 18,000,000 shares of the Company's common stock at
a price of $0.002 per share for gross proceeds of $36,000.

                                       10
<PAGE>
                              SAWADEE VENTURES INC.
                         (An Exploration Stage Company)
                        Notes to the Financial Statements
                                   (Unaudited)


5. RELATED PARTY TRANSACTIONS

As of September 30, 2009 there are no other related party  transactions  between
the Company and any officers other than those mentioned above.

6. STOCK OPTIONS

As of  September  30,  2009,  the  Company  does  not  have  any  stock  options
outstanding,  nor does it have any written or verbal agreements for the issuance
or distribution of stock options at any point in the future.

7. ADVERTISING

The  Company  will  expense its  advertising  when  incurred.  There has been no
expenditures on advertising since inception.

                                       11
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

FORWARD LOOKING STATEMENTS

Some of the statements contained in this Form 10-Q that are not historical facts
are "forward-looking statements" which can be identified by the use of
terminology such as "estimates," "projects," "plans," "believes," "expects,"
"anticipates," "intends," or the negative or other variations, or by discussions
of strategy that involve risks and uncertainties. We urge you to be cautious of
the forward-looking statements, that such statements, which are contained in
this Form 10-Q, reflect our current beliefs with respect to future events and
involve known and unknown risks, uncertainties and other factors affecting our
operations, market growth, services, products and licenses. No assurances can be
given regarding the achievement of future results, as actual results may differ
materially as a result of the risks we face, and actual events may differ from
the assumptions underlying the statements that have been made regarding
anticipated events.

All written forward-looking statements made in connection with this Form 10-Q
that are attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these cautionary statements. Given the
uncertainties that surround such statements, you are cautioned not to place
undue reliance on such forward-looking statements.

The safe harbours of forward-looking statements provided by the Securities
Litigation Reform Act of 1995 are unavailable to issuers not subject to the
reporting requirements set forth under Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended. As we have not registered our securities
pursuant to Section 12 of the Exchange Act, such safe harbours set forth under
the Reform Act are unavailable to us.

RESULTS OF OPERATIONS

Sawadee Ventures Inc., a Nevada corporation, was incorporated in the State of
Nevada on September 26, 2006 to engage in the acquisition, exploration and
development of natural resource properties of merit. We entered into a Mineral
Property Purchase Agreement (the "MPPA") with a private British Columbia
company, whereby we obtained an option to acquire a total of 3 mining claims
located in the Vernon Mining District of British Columbia. During the period
ending September 30, 2008, we terminated the MPPA and relieved the company from
any further obligations thereunder.

Since September 29, 2008, our purpose has been to serve as a vehicle to acquire
an operating business and we are currently considered a "shell" company inasmuch
as we are not generating revenues, do not own an operating business, and have no
specific plan other than to engage in a merger or acquisition transaction with a
yet-to-be identified operating company or business. We have no employees and no
material assets.

We are still in our development stage and have generated no revenue to date.

                                       12
<PAGE>
We incurred operating expenses of $4,665 and $2,893 for the three-month periods
ended September 30, 2009 and 2008, respectively. These expenses consisted of
general and administrative expenses.

At September 30, 2009, we had cash on hand of $5,714, being our total assets,
and our liabilities were $4,505 in accounts payable.

We have sold $54,000 in equity securities since inception, $18,000 from the sale
of 18,000,000 shares of stock to our officer and director and $36,000 from the
sale of 18,000,000 shares registered pursuant to our SB-2 Registration Statement
which became effective on March 2, 2007.

The following table provides selected financial data about our company for the
period from the date of incorporation through September 30, 2009.

                      Balance Sheet Data:           9/30/09
                      -------------------           -------

                      Cash                          $5,714
                      Total assets                  $5,714
                      Total liabilities             $4,505
                      Shareholders' equity          $1,209

Our auditors have expressed their doubt about our ability to continue as a going
concern unless we are able to generate profitable operations.

LIQUIDITY AND CAPITAL RESOURCES

We currently have $5,714 cash on hand which comprises our total assets. We
believe that we can meet our cash needs for the next twelve months.

PLAN OF OPERATION

Our plan is to seek, investigate, and consummate a merger or other business
combination, purchase of assets or other strategic transaction (i.e. a merger)
with a corporation, partnership, limited liability company or other operating
business entity (a "Merger Target") desiring the perceived advantages of
becoming a publicly reporting and publicly held corporation. We have no
operating business, and conduct minimal operations necessary to meet regulatory
requirements. Our ability to commence any operations is contingent upon
obtaining adequate financial resources.

We are not currently engaged in any business activities that provide cash flow.
The costs of investigating and analyzing business combinations for the next 12
months and beyond such time will be paid with money in our treasury.

During the next twelve months we anticipate incurring costs related to:

     (i)  filing of Exchange Act reports, and

     (ii) costs relating to identifying and consummating a transaction with a
          Merger Target.

                                       13
<PAGE>
We believe we will be able to meet these costs through use of funds in our
treasury and additional amounts, as necessary, to be loaned to or invested in us
by our stockholders, management or other investors.

We may consider a business which has recently commenced operations, is a
developing company in need of additional funds for expansion into new products
or markets, is seeking to develop a new product or service, or is an established
business which may be experiencing financial or operating difficulties and is in
need of additional capital. In the alternative, a business combination may
involve the acquisition of, or merger with, a company which does not need
substantial additional capital, but which desires to establish a public trading
market for its shares, while avoiding, among other things, the time delays,
significant expense, and loss of voting control which may occur in a public
offering.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

ITEM 4. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer (our
president), we have conducted an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures, as defined in Rules
13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the
end of the period covered by this report. Based on this evaluation, our
principal executive officer and principal financial officer concluded as of the
evaluation date that our disclosure controls and procedures are not effective
due to management override of controls and lack of segregation of duties due to
our size. However, we did conclude that the material information required to be
included in our Securities and Exchange Commission reports is accumulated and
communicated to our management, including our principal executive and financial
officer, recorded, processed, summarized and reported within the time periods
specified in Securities and Exchange Commission rules and forms relating to our
company, particularly during the period when this report was being prepared.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING.

There was no change in our internal control over financial reporting identified
in connection with the evaluation required by Rule 13a-15(d) and 15d-15(d) of
the Exchange Act that occurred during the period covered by this report that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

                                       14
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 6. EXHIBITS

<TABLE>
<CAPTION>
Exhibit               Description                                             Method of Filing
-------               -----------                                             ----------------
<S>         <C>                                                 <C>
  3.1        Articles of Incorporation                          Incorporated by reference to Exhibit 3.1 to
                                                                the Company's Registration Statement on Form
                                                                SB-2 filed with the SEC on February 5, 2007.

  3.2        Bylaws                                             Incorporated by reference to Exhibit 3.1 to
                                                                the Company's Registration Statement on Form
                                                                SB-2 filed with the SEC on February 5, 2007.

  31.1       Certification of Chief Executive                   Filed electronically
             Officer pursuant to Section 302
             of the Sarbanes-Oxley Act of 2002.

  31.2       Certification of Chief Financial                   Filed electronically
             Officer pursuant to Section 302
             of the Sarbanes-Oxley Act of 2002.

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

  32.2       Certification of Chief Financial                   Filed electronically
             Officer pursuant to 18 U.S.C. Section 1350,
             as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002.
</TABLE>

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, on November 12, 2009.

                                   Sawadee Ventures, Inc., Registrant


                                   By: /s/ Rachna Khanna
                                       -----------------------------------------
                                       Rachna Khanna, President,
                                       Principal Executive Officer,
                                       Principal Financial Officer, Principal
                                       Accounting Officer and Sole Director

                                       15