10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

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

For the quarterly period ended September 30, 2010

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No.333-153182

Great Wall Builders Ltd.,

(Exact name of registrant as specified in its charter)

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

2620 Fountainview #115B

Houston, Texas 77057

(Address of principal executive offices)

1-281-575-0636

(Issuer's telephone number)

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 is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ]                 Accelerated filer [ ]

Non-accelerated filer [ ]                    Small Reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the most practicable date: 4,800,000 as of September 30, 2010.

GREAT WALL BUILDERS Ltd.

Form 10-Q Report Index 

	Page No.
PART 1. FINANCIAL INFORMATION
Item 1: Financial Statements
Condensed Balance Sheets	1
Condensed Statement of Operations	2
Condensed Statement of Cash Flows	3
Notes to Condensed Financial Statements	4-7
Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations	7-9
Item 3: Quantitative and Qualitative Disclosures about Market Risk	10
Item 4: Control and Procedures	10
PART 11. OTHER INFORMATION
Item 1: Legal Proceedings	10
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds	10
Item 3: Defaults Upon Senior Securities	10
Item 4: Submission of Matters to a Vote of Securities Holders	10
Item 5: Other Information
Item 6: Exhibit	10
Item 7: Signature	11

Item 1: FINANCIAL STATEMENTS

GREAT WALL BUILDERS LTD.

(A Development Stage Company)

Condensed Balance Sheets

	September 30,			June 30,
	2010			2010
	(Un-audited)
Assets
Current Assets
Cash	$	296		$	580
Total Current Assets		296			580
Properties		37,500			37,500
TOTAL ASSETS	$	37,796		$	38,080
LIABILITIES and STOCKHOLDERS' DEFICIT
Current Liabilities
Accrued liabilities	$	187,287		$	165,076
Total Current Liabilities		187,287			165,076
Stockholders’ Deficit
Preferred stock, $0.0001 par value, 98,989,886 shares
authorized; -0- shares issued and outstanding:		-			-
Common stock, $0.0001 par value, 918,816,988 shares
authorized; 4,800,000 shares issued and outstanding		482			482
Additional paid-in capital		63,018			63,018
Deficit accumulated during development stage		(212,991	)		(190,496	)
Total Stockholders’ Deficit		(149,491	)		(126,996	)
TOTAL LIABILITIES and STOCKHOLDERS’ DEFICIT	$	37,796		$	38,080

The accompanying notes are an integral part of the condensed financial statements.

GREAT WALL BUILDERS LTD.

(A Development Stage Company)

Condensed Statement of Operations (Un-audited)

	Three-months ended						November 3, 2007
	September 30,						(Inception) to
	2010			2009			September 30, 2010
REVENUES	$	-		$	-		$	61,860
OPERATING EXPENSES
Executive compensation		19,545			19,545			232,463
General and administrative		2,950			1,676			42,388
Total Operating Expenses		22,495			21,221			274,851
LOSS FROM OPERATIONS		(22,495	)		(21,221	)		(212,991	)
PROVISION FOR INCOME TAXES		-			-			-
NET LOSS	$	(22,495	)	$	(21,221	)	$	(212,991	)
LOSS PER SHARE: Basic & Diluted	$	(0.005	)	$	(0.004	)	$	(0.045	)
WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING		4,800,000			4,800,000			4,800,000

The accompanying notes are an integral part of the condensed financial statements.

GREAT WALL BUILDERS LTD.

(A Development Stage Company)

 Condensed Statement of Cash flows (Un-audited)

							November 3, 2007
	Three-months ended September 30,						(Inception) to
	2010			2009			September 30, 2010
OPERATING ACTIVITIES:
Net loss	$	(22,495	)	$	(21,221	)	$	(212,991	)
Changes in operating assets and liabilities:
Account payable and accrued liabilities		22,211			13,712			187,287
Net cash used in operating activities:		(284	)		(7,509	)		(25,704	)
FINANCING ACTIVITIES:
Stock subscriptions		-			-			26,000
Net cash provided by financing activities:		-			-			26,000
Net increase (decrease) in cash		(284	)		(7,509	)		296
Cash at beginning of period		580			24,751			-
Cash at end of period	$	296		$	17,242		$	296
SUPPLEMENTAL CASH FLOW INFORMATION:
Non cash financing activities
Stock issued for properties	$	-		$	-		$	37,500

The accompanying notes are an integral part of the condensed financial statements.

GREAT WALL BUILDERS LTD.

(A Development Stage Company)

Notes to Condensed Financial Statements

NOTE 1- NATURE OF OPERATION

Great Wall Builders Ltd., 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.

NOTE 2-GOING CONCERN

The accompanying 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 $212,991 on September 30, 2010 which among other matters, raises substantial 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 capit al and other cash requirements for the fiscal year ending June 30, 2011. Thereafter, 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 officer and director will be sufficient to meet its liquidity needs for fiscal year ending 2011. However, no assurance can be given that the Company will receive any funds in addition to the funds it has received to date.

NOTE 3- SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.  

USE OF ESTIMATE

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.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.  The Company had no cash equivalent as of June 30, 2010 and September 30, 2010.

INCOME TAXES

Income taxes are accounted for under the assets and liability method.  Deferred  tax  assets  and  liabilities are recognized for  the  estimated future tax consequences attributable  to differences between the financial statement carrying amounts of existing  assets  and  liabilities and their respective  tax  bases and operating loss and tax credit  carry  forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

NET LOSS PER SHARE

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.

STOCK-BASED COMPENSATION

Stock-based compensation is accounted for at fair value in accordance with Financial Accounting Standards Board Accounting Standards Codification 718 (FASB ASC 718) “Stock Compensation”.  As of September 30, 2010, the Company has not adopted a stock option plan and has not granted any stock options.

FINANCIAL INSTRUMENTS

The carrying value of the Company’s financial instruments approximates their fair value because of the short maturity of these instruments.

NOTE 4 – RELATED PARTY TRANSACTIONS

As of September 30, 2010, there is an accrued salary payable to our Officer, Tian Jia, in the amount of $187,287.

NOTE 5- RECENT ACCOUNTING PRONOUNCEMENTS

In March 2010, the FASB issued ASU No. 2010-11, "Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives" (codified within ASC 815 - Derivatives and Hedging). ASU 2010-11 improves disclosures originally required under SFAS No. 161. ASU 2010-11 is effective for interim and annual periods beginning after June 15, 2010. The adoption of ASU 2010-11 is not expected to have any material impact on our financial position, results of operations or cash flows.

In April 2010, the FASB issued ASU No. 2010-17, "Revenue Recognition - Milestone Method (Topic 605): Milestone Method of Revenue Recognition" (codified within ASC 605 - Revenue Recognition). ASU 2010-17 provides guidance on defining a milestone and determining when it may be appropriate to apply the milestone method of revenue recognition for research or development transactions. ASU 2010-17 is effective for interim and annual periods beginning after June 15, 2010. The adoption of ASU 2010-17 is not expected to have any material impact on our financial position, results of operations or cash flows.

NOTE 6-SUBSEQUENT EVENTS

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through October 22, 2010, the date the financial statements were issued.

Item 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the fu ture. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

COMPANY OVERVIEW AND BUSINESS OPERATIONS OVERVIEW

Great Wall Builders Ltd. 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. As of the date of this Quarterly Report, we have incurred a net loss of $22,495.

RESULTS OF OPERATION

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, Employee Stock Options Plans and loans from officers and directors.

Three-months period ended September 30, 2010 compared to the period from inception (November 3, 2007) to September 30, 2010 Our net loss for the three-months period ended September 30, 2009 was $22,495 compared to a net loss of $212,991 during the period from inception (November 3, 2007) to September 30, 2010.  During the three-months period ended September 30, 2010, we generated -0- in revenue. During the three-month period ended September 30, 2010, we incurred the general & administrative expense of $2,950 compared to $42,388 incurred during the period from inception (November 3, 2007) to September 30, 2010. General and administrative expenses incurred during the three-month period ended September 30, 2010 were generally related to corporate overhead, legal and accounting, stock transfer agents, Edgar filings.

Our net loss during the three-months period ended September 30, 2010 was $22,495 or ($0.005) per share compared to a net loss of $212,991 or ($0.045) per share during the period from inception (November 3, 2007) to September 30, 2010.

LIQUIDITY AND CAPITAL RESOURCES

As of the three-months period ended September 30, 2010, our current assets were $296 and our total liabilities were $187,287 which resulted in a working capital negative of $186,991.  As of the three-month period ended September 30, 2010, current assets were comprised of $296 in cash compared to $580 in current assets at fiscal year ended June 30, 2010.Stockholders' Deficit increased from $190,496 for fiscal year ended June 30, 2010 to $212,991 for the three-months period ended September 30, 2010. As of the three-month period ended September 30, 2010, our current assets were $296 and our total liabilities were $187,287 which resulted in a negative working capital of $ 186,991 and stockholders deficit increased from $190,496 for fiscal year ended June 30, 2010 to $212,991 for the three-month period ended September 30, 2010.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds, advance from our officer and director, and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances from our officer and director, and anticipated cash flow are 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 advance from officer and director. 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 th ese expenses with further issuances of securities, advance from our officer and director. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements.
 

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Item 3:  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information.

Item 4:  CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Our management has reviewed and evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 240.13a-15(e) or 15d-15(e) as of the end of the period covered by this report. Based on that evaluation, our management has concluded that the current disclosure controls and procedures provide them with reasonable assurance that they are effective to provide them with timely material information relating to us required to be disclosed in the reports we file or submit under the Exchange Act.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management has evaluated whether any change in our internal control over financial reporting occurred during the last fiscal quarter. Based on that evaluation, management concluded that there has been no change in our internal control over financial reporting during the relevant period that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1:   LEGAL PROCEEDINGS

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors of our voting securities are adverse to us or have a material interest adverse to us.

Item 2:  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

There were no unregistered sales of equity securities during the quarterly period ended September 30, 2010.

Item 3:  DEFAULTS UPON SENIOR SECURITIES

None

Item 4:   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters have been submitted to our security holders for a vote, through the solicitation of proxies or otherwise, during the quarterly period ended September 30, 2010.

Item 5:  OTHER INFORMATION

None.

Item 6: EXHIBITS

Exhibit 31.  Certification of Tian Jia pursuant to rule 13a-14a.

Exhibit 32   Certification of Tian Jia pursuant to U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

 In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Great Wall Buillders Ltd.

 /s/ Tian Jia,

By: Tian Jia, Chief Executive Officer/Chief Financial Officer

October 22, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated.

/s/ Tian Jia,

By Tian Jia, Chief Executive Officer,

Chief Financial Officer.

EX-31

Exhibit 31

CERTIFICATIONS OF CHIEF EXECUTIVE OFFICER

PURSUANT TO RULES 13A-14 and 15D-14

OF THE SECURITIES EXCHANGE ACT OF 1934

I, Tian Jia, certify that:

1.	I have reviewed this annual report on Form 10Q of Great Wall Builders Ltd.,
2	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

GREAT WALL BUILDERS LTD.

/S/ TIAN JIA

CEO/CFO

Oct 22, 2010

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual Report of Great Wall Builders Ltd., (the "Company") on Form 10-Q for the period ended on September 30, 2010 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Tian Jia, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350,  as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: October 22, 2010

Great Wall Builders Ltd.,

/s/ Tian Jia

Tian Jia

CEO/CFO