Great Wall Builders Ltd. Form 10-Q for period ending March 31, 2010

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

Indicate by check mark whether the registrant 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 during the preceding 12 months ( for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [ x ]

	Page No.
PART 1. FINANCIAL INFORMATION

Item 1. Financial Statements

Condensed Balance Sheet	1

Condensed Statement of Operations	2

Condensed Statement of Cash Flows	3

Notes to Condensed Financial Statements	4-6

Item 2. Management Discussion and Analysis of Financial Condition	7

Item 3. Quantitative and Qualitative Disclosures about Market Risk	8

Item 4. Control and Procedures	9

PART 11. OTHER INFORMATION

Item 1. Legal Proceedings	9

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	9

Item 3. Defaults Upon Senior Securities	9

Item 4. Submission of Matters to a Vote of Securities Holders	9

Item 5. Other Information

Item 6. Exhibit	9

Item 7. Signature	10

	March 31			June 30
	2010			2009
	(unaudited)			( audited)

ASSETS
CURRENT ASSETS
Cash and cash equivalent	$	998		$	24,751
					-
Total Current Assets		998			24,751


Land		37,500			37,500

TOTAL ASSETS	$	38,498		$	62,251


LIABILITIES AND STOCKHOLDER’S DEFICIT
CURRENT LIABILITIES
Account payable and accrued liabilities	$	145,531		$	102,651

TOTAL CURRENT LIABILITIES	$	145,531		$	102,651


SHAREHOLDER’S DEFICIT
Pref pPreferred stock, $.0001 par value, 98,989,886 authorized, no shares issued and outstanding		--			--
ComcCommon stock, $.0001 par value, 918,816,988 authorized, 4,800,000 shares issued and outstanding.		482			482
Add Additional paid-in Capital		63,018			63,018
DefiDeficit accumulated during development stage		(170,533)			(103,900)
Tot Stockholder’s Deficit		(107,033	)		(40,400)

TOTAL LIABILITIES AND STOCKHOLDER’S DEFICIT	$	38,498		$	62,251

									For the Period from
	For the three months				For the nine months				November 3, 2007
	ended				ended				(Inception) through
	March 31				March 31				March 31
	2010		2009		2010		2009		2010

Revenues	$	-	$	14,000	$	-	$	61,860	$	61,860
Total revenue		-		14,000		-		61,860		61,860

Operating Expenses
General and administrative		1,993		6,385		7,997		21,436		39,020
Executive Compensation		$19,545		-		$58,635		-		$193,373

Total Operating Expenses		21,538		6,385		$66,632		21,436		232,393

INCOME (LOSS) FROM OPERATION		(21,538)		7,615		$66,632		40,424		(170,533)	)
PROVISION FOR INCOME TAX		-		-		-

NET INCOME (LOSS)	$	(21,538)	$	7,615	$	(66,632)	$	40,424		(170,533)	)
Income (loss) per share-basic and
Pdi diluted		0.00		0.00		(0.01)		0.00

Weighted average number of share outstanding –basic and Diluted		4,800,000		4,640,526		4,800,000		4,640,526		4,800,000

					For the Period
					from
	For the nine months ended				November 3, 2007 through
	March 31				March 31
	2010		2009		2010

CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (loss)	$	(66,632)	$	40,424	$	(170,533)
Adj
Changes in operating assets and Liabilities:
Accounts payable and accrued liabilities	$	145,531	$	42,880		$145,531
Net cash (used) provided by operating activities	$	(209,535)	$	(2,456)		$(25,002)



CASH FLOWS FROM FINANCING ACTIVITIES:
Stock subscriptions		-		-		26,000

CASH- BEGINNING OF PERIOD	$	3,291	$	26,809
CASH -END OF PERIOD	$	998	$	24,203

SUPPLEMENTAL CASH FLOW INFORMATION:
Stock issued for properties						37,500
		-		-		-

Great Wall Builders Ltd. ( the “Company”) incorporated in Texas on November 3, 2007, we intend to provide affordable homes with solar integrated system in Texas. Growth and expansion opportunities have also been identified in other regions of the United States as well as in China. We have designed affordable homes and offer innovative solar integrated systems such as solar roof tiles, solar hot water heaters and solar photovoltaic systems. We intend to promote our affordable homes with solar integrated features in the U.S. and China.

As of March 31, 2010, the Company generated $61,860 revenue and has accumulated losses of $170,533 since its inception. The Company expects to fund itself in the next twelve months by the sale of common shares, loans from officer and director and private equity funding. The ability of the Company to emerge from the development stage with respect to any planned principal business activity is dependent upon its successful efforts to raise additional equity financing and/or generate significant revenue and profitable operations. There is no guarantee that the Company will be able to raise any equity financing or generate significant revenue or profitable operations.

The accompanying condensed financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the ordinary course of business. The Company has incurred continuing and recurring losses from operations and a deficit accumulated during the development stage of approximately $170,533 on March 31,2010 which among other matters, raises doubt about its ability to continue as a going concern. A significant amount of additional capital will be necessary to advance the development of the Company's products to the point at which they may become commercially viable. The Company intends to fund operations through debt and/or equity financing arrangements, working capital and other cash requirements for the fiscal year ending March 31,2010. Therefore, the Company will be required to seek additional funds to finance its current and long-term operations.

The Company is currently addressing its liquidity issue by continually seeking investment capital through private placements of common stock and debt. The Company believes that its cash on hand and funds expected to be received from additional private investment will be sufficient to meet its liquidity needs for fiscal 2010. However, no assurance can be given that the Company will receive any funds in addition to the funds it has received to date.

The financial statements do not include any adjustments related to recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

The accompanying condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ( “GAAP “) for interim Financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required by GAAP for complete annual financial statement presentation.

The preparation of financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company currently has no dilutive securities and as such, basic and diluted loss per share are the same for all periods presented.

Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash. The Company maintains its cash with high credit quality financial institutions; at times, such balances with any one financial institution may exceed FDIC insured limits.

The Company adopted ASC topic 820, “Fair Value Measurements and Disclosures” (ASC 820), formerly SFAS No. 157 “Fair Value Measurements,” effective January 1, 2009. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There is no impact relating to the adoption of ASC 820 to the Company’s financial statements.

The carrying amounts of the Company’s financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

In June 2009, the FASB issued changes to the consolidation guidance applicable to a variable interest entity (VIE). FASB ASC Topic 810, "Consolidation," amends the guidance governing the determination of whether an enterprise is the primary beneficiary of a VIE, and is, therefore, required to consolidate an entity, by requiring a qualitative analysis rather than a quantitative analysis. The qualitative analysis will include, among other things, consideration of who has the power to direct the activities of the entity that most significantly impact the entity's economic performance and who has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This standard also requires continuous reassessments of whether an enterprise is the primary beneficiary of a VIE. FASB ASC 810 also requires enhanced disclosures about an enterprise's involvement with a VIE. Topic 810 is effective as of the beginning of interim and annual reporting periods that begin after November 15, 2009. This will not have an impact on the Company’s financial position, results of operations or cash flows.

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions.

Great Wall Builders Ltd., ( the “company”) incorporated in Texas on November 3, 2007. We plan to provide affordable homes with solar integrated system in Texas. Growth and expansion opportunities have also been identified in other regions of the United States as well as in China. The need for affordable homes with solar integrated system in the United States is in great demand due to change of consumer preferences for smaller homes and rising energy costs. We plan to design and sell affordable homes and offer other innovative solar integrated system such as solar roof tiles, solar hot water heaters and solar photovoltaic systems. We expect to promote our affordable homes for American families with solar integrated features in the U.S. and China.

Great Wall Builders Ltd, is a home builder specializes in building solar energy homes and installation of solar related home products. Advances in solar technology, the relentless rise of conventional electricity prices, and increasingly compelling environmental and geopolitical realities are leading homeowners, businesses and government entities to invest in solar power systems at an accelerating rate. Our management believes that solar homes will be next building trend in the United States and abroad. We are looking for affordable building sites to build solar homes in Texas and other regions of the United States.

Our discussion and analysis of our results of operations and liquidity and capital resources are based on our un-audited condensed consolidated financial statements for the nine months ended March 31, 2010 and 2009, which have been prepared in accordance with GAAP.

The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. We base our estimates on historical and anticipated results and

trends and on various other assumptions that we believe are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying value of assets and liabilities that are other readily apparent from other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may materially differ from our estimates.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities, private placement offerings and loans from officers and directors.

Three month period ended March 31 , 2010 compared to the period from inception ( November 3, 2007) to March 31,2010. Our net loss for the nine-month period ended March 31,2010 was $ 66,632 compared to a net loss of $170,533( during the period from inception (November 3, 2007) to March 31,2010. During the three-month period ended March 31, 2010 we generated -0- in revenue. During the nine-month period ended March 31, 2010, we incurred the general & administrative expense of $7,997 compared to $39,020 incurred during the period from inception ( Novemeber 3, 2007) to March 31, 2010. General and administrative expenses incurred during the nine-month period ended March 31, 2010 were generally related to corporate overhead, legal and accounting, stock transfer agents and Edgar filings.

As at the nine-month period ended March 31, 2010 our current assets were $998 and our total liabilities were $145,531 which resulted in a negative working capital of $144,533. Stockholders' Deficit increased from $40,440 for fiscal year ended June 30th, 2009 to $107,033 for the nine-month period ended March 31, 2010. As at the nine-month period ended March 31, 2010 because of continued loss.

Anticipated loans from officer and director, existing working capital, further advances and debt instruments, and anticipated cash flow were expected to be adequate to fund our operations over the next 12 months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of building lots; (ii) architectural and engineering fees (iii) international and domestic travel

expenses (iv) our expansion plans in China’s market. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements.

Our management has evaluated, under the supervision and with the participation of our principal executive and financial officers, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 ( the “exchange Act”). Based on that evaluation, our principal executive and financial officers concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed, summarized and reported in a timely manner, and (2) accumulated and communicated to our management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosure.

There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Texas	71-1051037
(State or other jurisdiction	(I.R.S. Employer Identification No.)
of incorporation or organization)