UNITED STATES

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 quarterly period ended June 30, 2006

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _______ to _______

Commission file number _____________________

THRIFTY PRINTING INC.

(Exact name of small business issuer as specified in its charter)

Nevada

(state or other jurisdiction of incorporation or organization

101-4837 Canyon Ridge Cresent

Kelowna, BC V1W 4A1

(Address of principal executive offices)

250-764-9701

(Issuer's telephone number)

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 past 90 days. 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 [ ] NO [X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13, 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. YES [ ] NO [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

19,200,000 common shares issued and outstanding as August 9, 2006

Transitional Small Business Disclosure format (check one): YES [ ] NO [X]

PART 1

Item 1. Financial Statements

Our consolidated financial statements are stated in United Stated Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

THRIFTY PRINTING INC.

(A Development Stage Company)

INTERIM FINANCIAL STATEMENTS

June 30, 2006

(Stated in US Dollars)

(Unaudited)

THRIFTY PRINTING INC.

(A Development Stage Company)

INTERIM BALANCE SHEETS

June 30, 2006 and September 30, 2005

(Stated in US Dollars)

(Unaudited)

		June 30,	September 30,
ASSETS		2006	2005
Current
Cash		$ 19,881	$ 977
LIABILITIES
Current
Accounts payable and accrued liabilities		$ 9,637	$ 17,058
Due to related parties - Note 3		-	9,939
Loan payable to shareholder - Note 3		20,000	-
		29,637	26,997
STOCKHOLDERS' EQUITY (DEFICIENCY)
Capital stock - Note 4
Authorized:
150,000,000	common shares, par value $0.001 per share
Issued and outstanding:
19,200,000	common shares (September 30, 2005: 19,200,000)	19,200	19,200
Additional paid-in capital		96,841	60,800
Deficit accumulated during the development stage		(125,797)	(106,020)
		(9,756)	(26,020)
		$ 19,881	$ 977

SEE ACCOMPANYING NOTES

THRIFTY PRINTING INC.

(A Development Stage Company)

INTERIM STATEMENTS OF OPERATIONS

for the three and nine months ended June 30, 2006

and for the period from January 23, 2004 (Date of Inception) to June 30, 2006

(Stated in US Dollars)

(Unaudited)

					January 23,
					2004 (Date of
	Three months ended		Nine months ended		Inception) to
	June 30,		June 30,		June 30,
	2006	2005	2006	2005	2006
Interest income	$ 9	$ -	$ 9	$ -	$ 9
Expenses
Accounting and audit fees	4,600	2,167	8,598	4,983	26,058
Bank charges and interest	10	95	40	135	249
Consulting	-	17,723	-	17,723	17,723
Legal fees	832	19,713	8,526	20,826	41,905
Management fees - Note 3	-	-	1,625	-	14,625
Registration and filing fees	247	2,000	247	2,129	3,112
Rent - Note 3	-	-	750	-	3,750
Website design and maintenance	-	4,000	-	4,000	18,580
Loss before other item	(5,680)	(45,698)	(19,777)	(49,796)	(125,993)
Gain on foreign exchange	-	-	-	196	196
Net loss for the period	$ (5,680)	$ (45,698)	$ (19,777)	$ (49,600)	$ (125,797)
Basic and diluted loss per share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of shares  outstanding	19,200,000	19,200,000	19,200,000	12,000,000

SEE ACCOMPANYING NOTES

THRIFTY PRINTING INC.

(A Development Stage Company)

INTERIM STATEMENT OF STOCKHOLDERS'EQUITY (DEFICIENCY)

for the period from January 23, 2004 (Date of Inception) to June 30, 2006

(Stated in US Dollars)

(Unaudited)

				Deficit
				Accumulated
			Additional	During the
	Common Stock		Paid-in	Development
	Shares*	Par Value*	Capital*	Stage	Total
Capital stock issued for cash
- at $0.0033	12,000,000	$ 12,000	$ 28,000	$ -	$ 40,000
Net loss from January 23, 2004 to September 30, 2004	-	-	-	(14,395)	(14,395)
Balance, September 30, 2004	12,000,000	12,000	28,000	(14,395)	25,605
Capital stock issued for cash
- at $0.0033	7,200,000	7,200	16,800	-	24,000
Management fees contributed	-	-	13,000	-	13,000
Rent contributed	-	-	3,000	-	3,000
Net loss for the year	-	-	-	(91,625)	(91,625)
Balance, September 30, 2005	19,200,000	19,200	60,800	(106,020)	(26,020)
Management fees contributed  - Note 3	-	-	1,625	-	1,625
Rent contributed - Note 3	-	-	750	-	750
Debt forgiven by directors  - Note 3	-	-	33,666	-	33,666
Net loss for the period	-	-	-	(19,777)	(19,777)
Balance, June 30, 2006	19,200,000	$ 19,200	$ 96,841	$ (125,797)	$ (9,756)

* Capital stock has been retroactively restated for a six for one forward split on May 24, 2006.

SEE ACCOMPANYING NOTES

THRIFTY PRINTING INC.

(A Development Stage Company)

INTERIM STATEMENTS OF CASH FLOWS

for the nine months ended June 30, 2006

and for the period from January 23, 2004 (Date of Inception) to June 30, 2006

(Stated in US Dollars)

(Unaudited)

			January 23,
			2004 (Date of
	Nine months ended		Inception) to
	June 30,		June 30,
	2006	2005	2006
Cash flows used in Operating Activities
Net loss for the period	$ (19,777)	$ (49,600)	$ (125,797)
Add items not involving cash:
Management fees contributed	1,625	-	14,625
Rent contributed	750	-	3,750
Gain on forgiveness of debt owing to directors	33,665	-	33,665
Adjustments to reconcile net loss to net cash used in  operating activities
Accounts payable and accrued liabilities	(7,420)	9,069	9,638
Net cash provided by (used in) operating activities	8,843	(40,531)	(64,119)
Cash flows from Financing Activities
Due to related parties	(9,939)	1,000	-
Issuance of common shares	-	24,000	64,000
Loan payable to shareholder	20,000	-	20,000
Net cash provided by financing activities	10,061	25,000	84,000
Increase (decrease) in cash during the period	18,904	(15,531)	19,881
Cash, beginning of period	977	28,110	-
Cash, end of period	$ 19,881	$ 12,579	$ 19,881

SEE ACCOMPANYING NOTES

THRIFTY PRINTING INC.

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

June 30, 2006

(Stated in US Dollars)

(Unaudited)

Note 1 Interim Financial Statements

The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the Company's September 30, 2005, audited financial statements.

Operating results for the nine month period ended June 30, 2006 are not necessarily indicative of the results that can be expected for the year ending September 30, 2006.

Note 2 Continuance of Operations

The interim financial statements have been prepared using generally accepted accounting principles in the United States of America applicable for a going concern which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. As of June 30, 2006, the Company has a working capital deficiency of $9,756, has not yet attained profitable operations and has accumulated losses of $125,797 since its inception. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due. Realization values may be substantially different from carrying values as shown in these financial statements should the Company be unable to continue as a going concern. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company

Note 2 Continuance of Operations - (con't)

will be able to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amount of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Note 3 Related Party Transactions

During the year ended September 30, 2005, the Company issued 7,200,000 common shares to two directors of the Company for $24,000.

The amount due to related parties was forgiven by the directors and a loan amount of $20,000 was advanced to the Company from a shareholder. This loan is unsecured, non-interest bearing with no specific terms of repayment.

The following amounts were donated to the Company by the directors:

					January 23,
					2004 (Date of
	Three months ended		Nine months ended		Inception) to
	June 30,		June 30,		June 30,
	2006	2005	2006	2005	2006
Management fees	$ 1,625	$ -	$ 1,625	$ -	$ 14,625
Rent	750	-	750	-	3,750
Debt forgiven by  directors	33,666	-	33,666	-	33,666
	$ 36,041	$ -	$ 36,041	-	$ 52,041

Note 4 Capital Stock

On May 24, 2006, the board of directors approved a six (6) for one (1) forward split of the authorized, issued and outstanding common stock. The company's authorized capital increased from 25,000,000 shares of common stock to 150,000,000 shares of common stock and correspondingly issued and outstanding capital increased from 3,200,000 shares of common stock to 19,200,000 shares of common stock.