UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~September~~March 3031, ~~2015~~2016

. TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File Number 333-140663

MUNRO DEVELOPMENTS INC.

(Exact name of registrant as specified in its charter)


NEVADA	20-3872178
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

311 S Division St, Carson City, NV 89731

(Address of principal executive offices) (Zip Code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X . No .

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

Large accelerated filer . Accelerated filer . Non-accelerated filer . (Do not check if a smaller reporting company) 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 . No X . ~~No .~~

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING

THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date 55,000,000 common shares issued and outstanding as of ~~November~~May 2315, ~~2015~~2016

TABLE OF CONTENTS

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 3. Critical Accounting Policies

Item 4. Controls and Procedures

1312

PART II OTHER INFORMATION

Item 1. Legal Proceedings

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

Item 3. Defaults Upon Senior Securities

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

Item 5. Other Information

Item 6. Exhibits

PART 1 – FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited interim financial statements for the three month period ended ~~September~~March 3031, ~~2015~~2016 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

Munro Developments Inc.

Balance Sheets (Unaudited)

	September 30,		December 31,
	March 31,		December 31,
	2015		2014
	2016		2015
ASSETS
CURRENT ASSETS
Cash	$	~~1,064~~-	$	~~10,000~~-
Total Current Assets		~~1,064~~-		~~10,000~~-
	$	~~1,064~~-	$	~~10,000~~-
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	67,~~015~~026	$	6266,~~800~~729
Advances from related parties		~~102~~95,~~931~~929		9695,~~801~~709
TOTAL CURRENT LIABILITIES		~~169~~162,~~946~~955		~~159~~162,~~601~~438
STOCKHOLDERS' EQUITY
Common stock, Authorized - 75,000,000 $0.001 par value common shares Issued – 55,000,000 as of September 30, 2015 and December 31, 2014.		55,000		55,000
Common stock, Authorized - 75,000,000 $0.001 par value common shares Issued – 55,000,000 as of March 31, 2016 and December 31, 2015.		55,000		55,000
Deficit accumulated during the pre-exploration stage		(~~223~~217,~~882~~995)		(~~204~~217,~~601~~438)
TOTAL STOCKHOLDERS' EQUITY		(~~168~~162,~~882~~955)		(~~149~~162,~~601~~438)
	$	~~1,064~~-	$	~~10,000~~-

See Accompanying Notes to Unaudited Financial Statements

Munro Developments Inc.

Unaudited Statements of Operations

		Three months ended September 30,			Nine months ended September 30,
	Three months ended		Three months ended
		2015 ($)	2014 ($)		2015 ($)	2014 ($)
	March 31, 2016		March 31, 2015
REVENUES	$	-	-$	-	-	-
OPERATING EXPENSES
Management Fees and other		~~1,500~~517	-	7,010	~~8,510~~	~~13,000~~
Legal Fees		-	-	6,130	~~6,130~~	-
Accounting Fees		-	~~2,500~~	-	-	~~7,500~~
Other		-	500		-	500
Total Operating Expenses		517		13,140
Total Operating Expenses		1,500	3,000		14,640	21,000
INCOME (LOSS( BEFORE INCOME TAXES		(517)		(13,140)
INCOME (LOSS) BEFORE INCOME TAXES		(1,500)	(3,000)		(14,640)	(21,000)
PROVISION FOR INCOME TAXES		-		-
PROVISION FOR INCOME TAXES		-	-		-	-
NET INCOME (LOSS)	$	(517)	$	(13,140)
NET INCOME (LOSS)		(1,500)	(3,000)		(14,640)	(21,000)
NET INCOME (LOSS) PER SHARE	$	(0.00)	$	(0.00)
NET INCOME (LOSS) PER SHARE		(0.00)	(0.00)		(0.00)	(0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES		55,000,000		55,000,000
WEIGHTED AVERAGE NUMBER OF COMMON SHARES (Basic and Fully Diluted)		55,000,000	55,000,000		55,000,000	55,000,000
(Basic and Fully Diluted)

4See Accompanying Notes to Unaudited Financial Statements

~~Munro Developments Inc.~~4

~~Unaudited~~Munro ~~Statements~~Developments ~~of Cash Flows~~Inc.

	Three months Ended
	September 30, 2015		September 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(1,500)	$	(3,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Increase in Accounts Payable		1,500		3,000
Net Cash Provided (Used) by Operating Activities		-		-
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral claim		-		-
Net Cash Provided (Used) by Investing Activities		-		-
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		-		-
Net Cash Provided (Used) by Financing Activities		-		-
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(8,936)		10,000
CASH AND CASH EQUIVALENTS
Beginning		10,000		-
Ending	$	1,064	$	10,000
Supplemental Disclosures of Cash Flow Information:
Stock issued for services	$	-	$

Unaudited Statements of Cash Flows

See Accompanying Notes to Unaudited Financial Statements


	Three months Ended
	March 31, 2016		March 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(517)	$	(13,140)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Increase in Accounts Payable		297		13,140
Net Cash Provided (Used) by Operating Activities		(220)		-

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral claim		-		-
Net Cash Provided (Used) by Investing Activities		-		-
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		220		6,130
Net Cash Provided (Used) by Financing Activities		220		6,130
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(-)		(7,436)
CASH AND CASH EQUIVALENTS
Beginning		-		10,000
Ending	$	-	$	2,564
Supplemental Disclosures of Cash Flow Information:
Stock issued for services	$	-	$	-

5See Accompanying Notes to Unaudited Financial Statements

~~Munro Developments Inc.~~5

~~Notes~~Munro toDevelopments ~~Unaudited Financial Statements~~Inc.

~~For~~Notes ~~the~~to ~~Three~~Unaudited ~~Months~~Financial ~~Ended September 30, 2015~~Statements

~~(Expressed~~For inthe ~~U.S.~~Three ~~Dollars)~~Months Ended March 31, 2016

1.(Expressed ~~INCORPORATION~~in ~~AND~~U.S. ~~OPERATING ACTIVITIES~~Dollars)

~~The Company, Munro Developments Inc~~1., ~~was~~INCORPORATION ~~incorporated~~AND ~~under~~OPERATING the laws of the State of Nevada on November 17, 2003 with authorized capital stock of 75,000,000 shares at $0.001 par value under the name of Setchfield Resources Inc. The name was changed to Munro Developments Inc. on March 28, 2011.ACTIVITIES

The Company, Munro Developments Inc., was ~~organized~~incorporated ~~for~~under the ~~purpose~~laws of ~~acquiring~~the ~~and~~State ~~developing~~of ~~mineral~~Nevada ~~properties.~~on AtNovember ~~the~~17, ~~report~~2003 ~~date~~with ~~mineral~~authorized ~~claims,~~capital ~~with~~stock ~~unknown~~of ~~reserves~~75,000,000 ~~had~~shares ~~been~~at ~~acquired~~$0.001 ~~The~~par ~~Company~~value ~~has~~under ~~not established~~ the ~~existence~~name of aSetchfield ~~commercially~~Resources ~~minable~~Inc. ~~ore~~The ~~deposit~~name ~~and~~was ~~therefore~~changed isto ~~still~~Munro inDevelopments ~~the~~Inc. ~~exploration~~on ~~stage~~March 28, 2011.

2The Company was organized for the purpose of acquiring and developing mineral properties. ~~SUMMARY~~At OFthe ~~SIGNIFICANT~~report ~~ACCOUNTING~~date ~~POLICIES~~mineral claims, with unknown reserves, had been acquired. The Company has not established the existence of a commercially minable ore deposit and therefore is still in the exploration stage.

~~Accounting~~2. ~~Method~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~The~~Accounting ~~Company recognizes income and expenses based on the accrual method of accounting.~~Method

~~Dividend~~The ~~Policy~~Company recognizes income and expenses based on the accrual method of accounting.

~~The~~Dividend ~~Company has not yet adopted a policy regarding payment of dividends.~~Policy

~~Basic~~The ~~and~~Company ~~Diluted~~has ~~Net~~not ~~Loss~~yet ~~Per~~adopted ~~Share~~a policy regarding payment of dividends.

Basic ~~net~~and ~~loss per share amounts are computed based on the weighted average number of shares actually outstanding.~~ Diluted ~~net~~Net ~~loss~~Loss ~~per~~Per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of September 30, 2015 and 2014, no such common equivalent shares were excluded from net income (loss) per share.Share

~~Income~~Basic ~~Taxes~~net loss per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of March 31, 2016 and 2015, no such common equivalent shares were excluded from net income (loss) per share.

~~The~~Income Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.Taxes

AsThe ofCompany ~~December~~utilizes ~~31, 2014 and 2013,~~ the ~~Company~~liability ~~has~~method noof ~~unrecognized~~accounting for income ~~tax benefits~~taxes. ~~The~~Under ~~Company’s~~the ~~policy~~liability ~~for~~method ~~classifying~~deferred ~~interest~~tax assets and ~~penalties~~liabilities ~~associated~~are ~~with~~determined ~~unrecognized~~based ~~income~~on ~~tax~~differences ~~benefits~~between isfinancial toreporting ~~include~~and ~~such~~the ~~items as~~ tax ~~expense.~~bases Noof ~~interest~~the orassets ~~penalties~~and ~~have~~liabilities ~~been~~and ~~recorded~~are ~~during~~measured using the ~~years~~enacted ~~ended~~tax ~~December~~rates ~~31,~~and ~~2014,~~laws ~~and~~that ~~2013~~will ~~and~~be noin ~~interest~~effect, orwhen ~~penalties~~the ~~have~~differences ~~been~~are ~~accrued~~expected asto ofbe ~~December~~reversed. ~~31,~~An ~~2014~~allowance ~~and~~against ~~2013.~~deferred Astax ofassets ~~December~~is 31recorded, ~~2014~~when ~~and~~it ~~2013,~~is ~~the~~more ~~Company~~likely ~~did~~than not, ~~have~~that ~~any~~such ~~amounts~~tax ~~recorded~~benefits ~~pertaining~~will tonot ~~uncertain~~be ~~tax positions~~realized.

~~The~~As ~~tax~~of ~~years~~December ~~from~~31, ~~2010~~2015 and ~~forward~~2014, ~~remain~~the ~~open~~Company tohas ~~examination~~no byunrecognized ~~federal~~income tax benefits. The Company’s policy for classifying interest and ~~state~~penalties ~~authorities~~associated ~~due~~with unrecognized income tax benefits is to ~~net~~include ~~operating~~such ~~loss~~items ~~and~~as ~~credit~~tax ~~carryforwards~~expense. ~~The~~No ~~Company~~interest isor ~~currently~~penalties ~~not~~have ~~under~~been ~~examination~~recorded byduring the ~~Internal~~years ~~Revenue~~ended ~~Service~~December 31, 2015, and 2014 and no interest or penalties have been accrued as of December 31, 2015 and 2014. As of December 31, 2015 and 2014, the Company did not have any ~~other~~amounts ~~taxing~~recorded ~~authorities~~pertaining to uncertain tax positions.

~~Impairment~~The oftax ~~Long-lived~~years ~~Assets~~from 2010 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, ~~and 360-10-15-3 through 15-5, Impairment or Disposal~~ of Long-~~Lived~~lived Assets.

6The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets.

~~Foreign Currency Translations~~6

~~The~~Foreign ~~books~~Currency of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:Translations

~~(i)~~The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:

~~Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;~~(i)

~~(ii)~~Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;

~~Non-Monetary items including equity are recorded at the historical rate of exchange; and~~(ii)

~~(iii)~~Non-Monetary items including equity are recorded at the historical rate of exchange; and

~~Revenues and expenses are recorded at the period average in which the transaction occurred.~~(iii)

~~Investments~~Revenues and expenses are recorded at the period average in which the transaction occurred.

Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s Statements of Operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s Balance Sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.

~~Revenue~~Investments ~~Recognition~~in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s Statements of Operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s Balance Sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.

Revenue ~~from the sale of minerals will be recognized when a contract is in place and minerals are delivered to the customer.~~Recognition

~~Mineral~~Revenue ~~claim~~from ~~acquisition~~the sale of minerals will be recognized when a contract is in place and ~~exploration~~minerals ~~costs~~are delivered to the customer.

~~The~~Mineral ~~cost~~claim ofacquisition ~~acquiring mineral properties or claims is initially capitalized~~ and ~~then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral~~ exploration costs ~~are expensed as incurred.~~

~~Advertising~~The cost of acquiring mineral properties or claims is initially capitalized and ~~Market~~then ~~Development~~tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.

~~The~~Advertising ~~company expenses advertising~~ and ~~market~~Market ~~development costs as incurred.~~Development

~~Financial~~The ~~Instruments~~company expenses advertising and market development costs as incurred.

~~The~~Financial ~~carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities.~~Instruments

~~Estimates~~The ~~and~~carrying ~~Assumptions~~amounts of financial instruments are considered by management to be their fair value due to their short term maturities.

~~Management~~Estimates ~~uses estimates~~ and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.Assumptions

~~Statement~~Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of ~~Cash~~the ~~Flows~~assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

~~For~~Statement ~~the purposes~~ of ~~the~~Cash ~~statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.~~Flows

~~Environmental~~For ~~Requirements~~the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.

AtEnvironmental ~~the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.~~Requirements

~~Recent~~At ~~Accounting~~the ~~Pronouncements~~report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.

~~The~~Recent ~~Company~~Accounting ~~does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.~~Pronouncements

7The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

~~3. ACQUISITION OF MINERAL CLAIM~~7

~~On December 2, 2005, the Company acquired the Eclipse Gold Property located in the Amai Inlet area of British Columbia, Canada from an unrelated company, for the consideration of $5,000~~3. ~~This~~ACQUISITION ~~area~~OF isMINERAL ~~located 320 kilometers northwest of Vancouver, British Columbia and has access by road through Zeballis, British Columbia.~~CLAIM

~~The~~On ~~acquisition~~December ~~costs~~2, ~~have~~2005, ~~been~~the ~~impaired~~Company ~~and~~acquired ~~expensed~~the ~~because~~Eclipse ~~there~~Gold ~~has~~Property ~~been~~located ~~limited~~in ~~exploration~~the ~~activity~~Amai ~~and~~Inlet ~~there~~area ~~has~~of ~~been~~British noColumbia, ~~reserve~~Canada ~~established~~from ~~and~~an weunrelated ~~cannot~~company, ~~currently~~for ~~project~~the ~~any~~consideration ~~future~~of ~~cash~~$5,000. ~~flows~~This orarea ~~salvage~~is ~~value~~located 320 kilometers northwest of Vancouver, British Columbia and has access by road through Zeballis, British Columbia.

4.The ~~SIGNIFICANT~~acquisition ~~TRANSACTIONS~~costs ~~WITH~~have ~~RELATED~~been ~~PARTIES~~impaired and expensed because there has been limited exploration activity and there has been no reserve established and we cannot currently project any future cash flows or salvage value.

~~For the three months ended September 30, 2015, related parties made accrual of management fees due to its director of $nil (2014 -$nil)~~4. ~~The~~SIGNIFICANT ~~total~~TRANSACTIONS ~~amount~~WITH ~~due~~RELATED ~~the officer and director is $102,931. The accruals are non-interest bearing, unsecured and payable on demand.~~PARTIES

5For the three months ended March 31, 2016, related parties made accrual of management fees due to its director of $nil (2015 -$nil). ~~GOING~~The ~~CONCERN~~total amount due the officer and director is $95,709. The accruals are non-interest bearing, unsecured and payable on demand.

~~The Company will need additional working capital to accomplish its intended purpose of exploring its mining claim, which raises substantial doubt about its ability to continue as a going concern~~5. ~~Management~~GOING of the Company has developed a strategy, which it believes will accomplish this objective through Director Advances, additional equity funding, and long term financing, which will enable the Company to operate for the coming year.CONCERN

8The Company will need additional working capital to accomplish its intended purpose of exploring its mining claim, which raises substantial doubt about its ability to continue as a going concern. Management of the Company has developed a strategy, which it believes will accomplish this objective through Director Advances, additional equity funding, and long term financing, which will enable the Company to operate for the coming year.

~~Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations~~8

~~Forward-Looking~~Item ~~Statements~~2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

~~This quarterly report contains forward~~Forward-~~looking~~Looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors” that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.Statements

~~Our~~This ~~unaudited~~quarterly ~~financial~~report contains forward-looking statements ~~prepared~~as inthat ~~accordance~~term ~~with~~is ~~United~~defined ~~States~~in ~~Generally~~the ~~Accepted~~Private ~~Accounting~~Securities ~~Principles.~~Litigation ~~The~~Reform ~~following~~Act ~~discussion~~of ~~should~~1995. beThese ~~read~~statements inrelate ~~conjunction~~to ~~with~~future events or our future financial performance. In some cases, you can identify forward-looking statements ~~and~~by ~~the~~terminology ~~related~~such ~~notes~~as ~~that~~"may", ~~appear~~"should", ~~elsewhere~~"expects", in"plans", ~~this~~"anticipates", ~~quarterly~~"believes", ~~report.~~"estimates", ~~The~~"predicts", ~~following~~"potential" ~~discussion~~or ~~contains~~"continue" ~~forward-looking~~or the negative of these terms or other comparable terminology. These statements ~~that~~are ~~reflect~~only ~~our~~predictions ~~plans~~and involve known and unknown risks, ~~estimates~~uncertainties and ~~beliefs.~~other ~~Our~~factors, including the risks in the section entitled "Risk Factors” that may cause our or our industry's actual results, ~~could~~levels ~~differ~~of activity, performance or achievements to be materially different from ~~those~~any ~~discussed~~future inresults, ~~the~~levels ~~forward~~of activity, performance or achievements expressed or implied by these forward-looking statements. ~~Factors~~Although we believe that ~~could~~the ~~cause~~expectations orreflected ~~contribute~~in tothe ~~such~~forward-looking ~~differences~~statements ~~include~~are reasonable, ~~but~~we ~~are~~cannot ~~not~~guarantee ~~limited~~future toresults, ~~those~~levels ~~discussed~~of ~~below~~activity, ~~and~~performance ~~elsewhere~~or inachievements. ~~this~~Except ~~quarterly~~as ~~report~~required by applicable law, ~~particularly~~including inthe securities laws of the ~~section~~United ~~entitled~~States, ~~"Risk~~we ~~Factors"~~do not intend to update any of ~~this~~the ~~quarterly~~forward-looking ~~report~~statements to conform these statements to actual results.

InOur unaudited financial statements prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report,. ~~unless~~The ~~otherwise~~following ~~specified~~discussion contains forward-looking statements that reflect our plans, ~~all~~estimates ~~dollar~~and ~~amounts~~beliefs. ~~are~~Our ~~expressed~~actual results could differ materially from those discussed in ~~United~~the ~~States~~forward ~~dollars~~looking statements. ~~All~~Factors ~~references~~that could cause or contribute to ~~"common~~such ~~shares"~~differences ~~refer~~include, but are not limited to, ~~the~~those ~~common~~discussed ~~shares~~below and elsewhere in ~~our~~this ~~capital~~quarterly ~~stock~~report, particularly in the section entitled "Risk Factors" of this quarterly report.

AsIn ~~used in~~ this quarterly report, ~~the~~unless ~~terms~~otherwise ~~"we"~~specified, ~~"us",~~all ~~"our"~~dollar ~~and~~amounts are expressed in United States dollars. All references to "~~Munro~~common shares" ~~mean~~refer ~~Munro~~to ~~Developments~~the ~~Inc.,~~common ~~unless~~shares ~~otherwise~~in ~~indicated~~our capital stock.

~~General~~As ~~Overview~~used in this quarterly report, the terms "we", "us", "our" and "Munro" mean Munro Developments Inc., unless otherwise indicated.

WeGeneral ~~were incorporated pursuant to the laws of the State of Nevada on November 17, 2003 under the name Setchfield Resources Inc. The Company’s name was changed to Munro Developments on March 28, 2011.~~Overview

~~Our~~We ~~principal~~were ~~office~~incorporated ispursuant ~~located~~to atthe ~~311~~laws S.of ~~Division~~the ~~St,~~State ~~Carson~~of ~~City~~Nevada on November 17, ~~Nevada~~2003 under the name Setchfield Resources Inc. The Company’s name was changed to Munro Developments on March 28, ~~89731~~2011.

AsOur ~~our~~principal ~~common~~office ~~shares~~is ~~are~~located ~~not~~at ~~listed,~~311 ~~there~~S. isDivision noSt, ~~public~~Carson ~~market~~City, ~~for~~Nevada, ~~our common shares~~89731.

~~Plan~~As ofour ~~Operations~~common shares are not listed, there is no public market for our common shares.

~~Our~~Plan ~~business plan is to proceed with the exploration~~ of the Eclipse Mine Property to determine whether there is any potential for gold on the properties that comprise the mineral claims. We have decided to proceed with the exploration program recommended by the geological report. We anticipate that the three phases of the recommended geological exploration program will cost approximately $30,000, $90,000 and $180,000 respectively. We had $1,064 in cash as of September 30, 2015. We spent $0 maintaining the property and/or visiting the property as of the three months ended September 30, 2015.Operations

Our business plan is to proceed with the exploration of the Eclipse Mine Property to determine whether there is any potential for gold on the properties that comprise the mineral claims. We have decided to proceed with the exploration program recommended by the geological report. We anticipate that wethe ~~will~~three ~~incur~~phases of the ~~following~~recommended ~~expenses~~geological ~~over~~exploration ~~the~~program ~~next~~will ~~twelve~~cost ~~months:~~approximately $30,000, $90,000 and $180,000 respectively. We had $nil in cash as of March 31, 2016.

·We anticipate that we will incur the following expenses over the next twelve months:

~~$327 to be paid to the British Columbia Provincial government to keep the claims valid;~~·

·$327 to be paid to the British Columbia Provincial government to keep the claims valid;

~~$30,000 in connection with the completion of Phase 1 of our recommended geological work program;~~·

·$30,000 in connection with the completion of Phase 1 of our recommended geological work program;

~~$90,000 in connection with the completion of Phase 2 of our recommended geological work program;~~·

·$90,000 in connection with the completion of Phase 2 of our recommended geological work program;

~~$180,000 for Phase 3 of our recommended geological work program; and~~·

·$180,000 for Phase 3 of our recommended geological work program; and

~~$32,000 for operating expenses, including professional legal and accounting expenses associated with compliance with the periodic reporting requirements.~~·

9$32,000 for operating expenses, including professional legal and accounting expenses associated with compliance with the periodic reporting requirements.

If we determine not to proceed with further exploration of our mineral claims due to a determination that the results of our initial geological program do not warrant further exploration or due to an inability to finance further exploration, we plan to pursue the acquisition of an interest in other mineral claims. We anticipate that any future acquisition would involve the acquisition of an option to earn an interest in a mineral claim as we anticipate that we would not have sufficient cash to purchase a mineral claim of sufficient merit to warrant exploration. This means that we might offer shares of our stock to obtain an option on a property. Once we obtain an option, we would then pursue finding the funds necessary to explore the mineral claim by one or more of the following means: engaging in an offering of our stock; engaging in borrowing; or locating a joint venture partner or partners.

~~Results of Operations~~9

WeResults ~~have not yet earned any revenues. We anticipate that we will not earn revenues until such time as we have entered into commercial production, if any,~~ of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties. Our net loss for the three months ended September 30, 2015 was $1,500 ($18,000 for the three months ended September 30, 2014). Operations

~~Liquidity~~We have not yet earned any revenues. We anticipate that we will not earn revenues until such time as we have entered into commercial production, if any, of our mineral properties. We are presently in the exploration stage of our business and ~~Capital~~we ~~Resources~~can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties. Our net loss for the three months ended March 31, 2016 was $517 ($13,140 for the three months ended March 31, 2015).

~~Our~~Liquidity ~~cash totalled $1,064 at the end of the period on September 30, 2015. Accounts payable at the end of the period on September 30, 2015 was $67,015~~ and weCapital ~~received advances from related parties of $102,931. Since our inception on November 17, 2003, to the end of the period on September 30, 2015, we have incurred a loss of ($223,882).~~ Resources

~~Based~~Our oncash ~~our~~totalled ~~current~~$nil ~~operating plan, we do not expect to generate revenue that is sufficient to cover our expenses for~~ at ~~least~~ the ~~next~~end ~~twelve~~of ~~months. In addition, we do not have sufficient cash and cash equivalents to execute our operations for at least~~ the ~~next~~period ~~twelve~~on ~~months.~~March We31, ~~will need to obtain additional financing to operate our business for the next twelve months~~2016. WeAccounts ~~will~~payable ~~raise~~at the ~~capital~~end ~~necessary to fund our business through a private placement and public offering~~ of ~~our~~the ~~common~~period ~~stock.~~on ~~Additional~~March ~~financing~~31, ~~whether~~2016 ~~through~~was ~~public or private equity or debt financing~~$67,026 ~~arrangements~~and ~~with~~we ~~stockholders~~received oradvances ~~other~~from ~~sources~~related toparties ~~fund~~of ~~operations~~$95, ~~may not be available, or if available, may be on terms unacceptable to us~~929. ~~Our~~Since ~~ability~~our toinception ~~maintain sufficient liquidity is dependent~~ on ~~our~~November ~~ability to raise additional capital. If we issue additional equity securities to raise funds~~17, ~~the ownership percentage of our existing stockholders would be reduced. New investors may demand rights~~2003, ~~preferences or privileges senior~~ to ~~those~~the ofend ~~existing holders~~ of ~~our common stock. Debt incurred by us would be senior to equity in~~ the ~~ability~~period ~~of debt holders to make claims~~ on ~~our~~March ~~assets.~~31, ~~The terms of any debt issued could impose restrictions on our operations. If adequate funds are not available to satisfy either short or long-term capital requirements~~2016, ~~our operations and liquidity could be materially adversely affected and~~ we ~~could~~have beincurred ~~forced~~a toloss ~~cease~~of ~~operations~~($217,995).

~~Trends~~Based on our current operating plan, we do not expect to generate revenue that is sufficient to cover our expenses for at least the next twelve months. In addition, we do not have sufficient cash and cash equivalents to execute our operations for at least the next twelve months. We will need to obtain additional financing to operate our business for the next twelve months. We will raise the capital necessary to fund our business through a private placement and public offering of our common stock. Additional financing, whether through public or private equity or debt financing, arrangements with stockholders or other sources to fund operations, may not be available, or if available, may be on terms unacceptable to us. Our ability to maintain sufficient liquidity is dependent on our ability to raise additional capital. If we issue additional equity securities to raise funds, the ownership percentage of our existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of our common stock. Debt incurred by us would be senior to equity in the ability of debt holders to make claims on our assets. The terms of any debt issued could impose restrictions on our operations. If adequate funds are not available to satisfy either short or long-term capital requirements, our operations and liquidity could be materially adversely affected and we could be forced to cease operations.

From our date of inception we have been a pre-exploration company which has produced no revenue and maybe will not be able to produce revenue. To the knowledge of management we are unaware of any trends or past and future events which will have a material effect upon our Company, its income and business, both in the long and short term. Trends

~~Critical~~From ~~Accounting~~our ~~Policies~~date of inception we have been a pre-exploration company which has produced no revenue and ~~Estimates~~maybe will not be able to produce revenue. To the knowledge of management we are unaware of any trends or past and future events which will have a material effect upon our Company, its income and business, both in the long and short term.

InCritical ~~presenting~~Accounting ~~our~~Policies ~~financial statements in conformity with U.S. generally accepting accounting principles, or GAAP, we are required to make estimates~~ and ~~assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures.~~ Estimates

~~Some~~In ofpresenting ~~the~~our ~~estimates~~financial ~~and~~statements ~~assumptions~~in weconformity ~~are~~with ~~required~~U.S. togenerally ~~make~~accepting ~~relate~~accounting toprinciples, ~~matters~~or ~~that~~GAAP, we are ~~inherently~~required ~~uncertain as they pertain~~ to ~~future~~make ~~events. We base these~~ estimates and assumptions ~~on historical experience or on various other factors~~ that weaffect ~~believe to be reasonable and appropriate under~~ the ~~circumstances.~~reported Onamounts anof ~~ongoing~~assets, ~~basis~~liabilities, werevenue, ~~reconsider~~costs and ~~evaluate~~expenses ~~our estimates~~ and ~~assumptions.~~related ~~Actual results may differ significantly from these estimates~~disclosures.

WeSome ~~believe~~of ~~that~~ the ~~critical~~estimates ~~accounting~~and ~~policies~~assumptions ~~listed~~we ~~below~~are ~~involve~~required ~~our~~to ~~more~~make ~~significant~~relate ~~judgments,~~to ~~assumptions~~matters ~~and~~that ~~estimates~~are ~~and,~~inherently ~~therefore,~~uncertain ~~could~~as ~~have~~they ~~the~~pertain ~~greatest~~to ~~potential~~future ~~impact~~events. We base these estimates and assumptions on ~~our~~historical ~~financial~~experience ~~statements.~~or Inon ~~addition,~~various other factors that we believe ~~that~~to abe ~~discussion~~reasonable ofand ~~these~~appropriate ~~policies~~under isthe ~~necessary~~circumstances. toOn ~~understand~~an ongoing basis, we reconsider and evaluate ~~the~~our ~~financial~~estimates ~~statements~~and ~~contained~~assumptions. inActual ~~this~~results ~~Form~~may ~~10-Q~~differ significantly from these estimates.

We believe that the critical accounting policies listed below involve our more significant judgments, assumptions and estimates and, therefore, could have the greatest potential impact on our financial statements. In addition, we believe that a discussion of these policies is necessary to understand and evaluate the financial statements contained in this Form 10-Q.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Mineral claim acquisition and exploration costs

The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.

~~Income Taxes~~10

~~Recent~~The ~~Accounting~~Company ~~Pronouncements~~utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

~~The~~Recent ~~Company~~Accounting ~~does not expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.~~Pronouncements

~~Item~~The 3.Company ~~Critical~~does ~~Accounting~~not ~~Policies~~expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.

~~Resource~~Item ~~Properties - Company follows the successful efforts method of accounting for its oil and gas properties~~3. ~~Unproved~~Critical ~~oil~~Accounting and gas properties are periodically assessed and any impairment in value is charged to exploration expense. The costs of unproved properties, which are determined to be productive are transferred to proved resource properties and amortized on an equivalent unit-of-production basis. Exploratory expenses, including geological and geophysical expenses and delay rentals for unevaluated resource properties, are charged to expense as incurred. Exploratory drilling costs are charged as expenses until it is determined that the company has proven oil and gas reserves.Policies

~~Basis~~Resource Properties - Company follows the successful efforts method of ~~Presentation~~accounting -for ~~These~~its ~~financial~~oil ~~statements~~and gas properties. Unproved oil and ~~related~~gas ~~notes~~properties are ~~presented~~periodically assessed and any impairment in ~~accordance~~value ~~with~~is ~~accounting~~charged ~~principles~~to ~~generally~~exploration ~~accepted~~expense. inThe ~~the~~costs ~~United~~of ~~States~~unproved properties, ~~and~~which are ~~expressed~~determined into Ube productive are transferred to proved resource properties and amortized on an equivalent unit-of-production basis.S. ~~dollars~~Exploratory expenses, including geological and geophysical expenses and delay rentals for unevaluated resource properties, are charged to expense as incurred. ~~The~~Exploratory ~~Company’s~~drilling ~~fiscal~~costs ~~year-end~~are charged as expenses until it is ~~December~~determined 31that the company has proven oil and gas reserves.

~~Use~~Basis of ~~Estimates~~Presentation -These ~~The~~financial ~~preparation~~statements ofand ~~financial~~related ~~statements~~notes are presented in accordance with ~~U.S. generally accepted~~ accounting principles ~~requires~~generally ~~management~~accepted ~~to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses~~ in the ~~reporting~~United ~~period. We regularly evaluate our estimates and assumptions related to the useful life and recoverability of long-lived assets~~States, ~~stock-based compensation~~ and ~~deferred~~are ~~income~~expressed ~~tax~~in ~~asset valuation allowances~~U.S. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sourcesdollars. The ~~actual~~Company’s ~~results~~fiscal ~~experienced~~year-end byis usDecember ~~may differ materially and adversely from our estimates~~31. ~~To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.~~

~~Cash~~Use ~~and~~of ~~Cash~~Estimates ~~Equivalents~~ - The ~~Company~~preparation ~~considers~~of ~~all~~financial ~~highly~~statements ~~liquid~~in ~~instruments~~accordance with ~~original~~U.S. ~~maturities~~generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of ~~three~~assets ~~months~~and orliabilities ~~less~~at ~~when~~the ~~acquired,~~date of the financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate our estimates and assumptions related to bethe ~~cash~~useful ~~equivalents~~life and recoverability of long-lived assets, stock-based compensation and deferred income tax asset valuation allowances. We ~~had~~base noour ~~cash~~estimates ~~equivalents~~and atassumptions ~~September~~on 30current facts, ~~2015~~historical orexperience ~~2014~~and various other factors that we believe to be reasonable under the circumstances, ~~respectively~~the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by us may differ materially and adversely from our estimates. To the extent there are material differences between our estimates and the actual results, our future results of operations will be affected.

~~Income~~Cash ~~Taxes~~and ~~-Potential~~Cash ~~benefits~~Equivalents of- ~~income tax losses are not recognized in the accounts until realization is more likely than not.~~ The Company ~~has~~considers ~~adopted~~all ~~ASC~~highly ~~740,~~liquid ~~Income~~instruments ~~Taxes,~~with asoriginal maturities of ~~its~~three ~~inception.~~months ~~Pursuant~~or toless ~~ASC~~when ~~740~~acquired, ~~the Company is required~~ to ~~compute~~be ~~tax~~cash ~~asset benefits for net operating losses carried forward~~equivalents. ~~The~~We ~~potential~~had ~~benefits~~no ofcash ~~net~~equivalents ~~operating~~at ~~losses~~March ~~have~~31, ~~not~~2016 ~~been~~or ~~recognized~~2015, ~~in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years~~respectively.

~~Comprehensive~~Income ~~Loss~~Taxes -Potential ~~ASC~~benefits ~~220,~~of ~~Comprehensive~~income ~~Income,~~tax ~~establishes~~losses ~~standards~~are ~~for~~not recognized in the ~~reporting~~accounts ~~and~~until ~~display~~realization ofis ~~comprehensive~~more ~~loss~~likely ~~and~~than ~~its~~not. ~~components~~The inCompany ~~the~~has ~~financial~~adopted ~~statements.~~ASC As740, Income Taxes, as of ~~September~~its ~~30,~~inception. ~~2015~~Pursuant ~~and~~to ~~2014~~ASC 740, the Company ~~has~~is norequired ~~items~~to ~~that~~compute ~~represent~~tax ~~comprehensive~~asset ~~loss~~benefits ~~and,~~for ~~therefore,~~net ~~has~~operating ~~not~~losses ~~included~~carried aforward. ~~schedule~~The potential benefits of ~~comprehensive~~net ~~loss~~operating losses have not been recognized in ~~the~~these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

11Comprehensive Loss- ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As of March 31, 2016 and 2015, the Company has no items that represent comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

Stock Based Compensation - ASC 718, Stock-based compensation, establishes standards for the reporting and display of stock based compensation in the financial statements. During the three months ended ~~September~~March 3031, ~~2015~~2016, there was no stock based compensation.

Loss per Common Share -The Company computes net loss per share in accordance with ASC 260, Earnings Per Share, which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

Fair Value of Financial Instruments - ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:11

~~Level~~Fair 1Value of Financial Instruments- ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 ~~applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~

Level 21 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 32 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 ~~applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.~~

~~The~~Level ~~following~~3 ~~schedule~~applies ~~summarizes~~to ~~the~~assets ~~valuation~~or ofliabilities ~~financial~~for ~~instruments~~which atthere ~~fair~~are ~~value~~unobservable oninputs ato ~~recurring~~the ~~basis~~valuation inmethodology ~~the~~that ~~balance~~are ~~sheets~~significant asto the measurement of ~~September~~the ~~30,~~fair ~~2015~~value ~~and~~of ~~December~~the ~~31,~~assets ~~2013:~~or liabilities.

	Fair Value Measurement at September 30, 2015
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-
	Fair Value Measurement at December 31, 2014
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2016 and December 31, 2015:

There were no transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the three months ended September 30, 2015 and 2014


	Fair Value Measurement at March 31, 2016
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

	Fair Value Measurement at December 31, 2015
	Level 1		Level 2		Level 3
Liabilities	$	-	$	-	$	-

~~Recently~~There ~~Adopted~~were ~~Accounting~~no ~~Pronouncements~~transfers of financial assets or liabilities between Level 1 and Level 2 inputs for the three months ended March 31, 2016 and 2015

~~The~~Recently ~~Company~~Adopted ~~does~~Accounting ~~not~~Pronouncements ~~expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.~~

12The Company does not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of ~~September~~March 3031, ~~2015~~2016. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.

~~Management’s Report on Internal Control Over Financial Reporting~~ 12

Management ~~is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f). The Company~~’s ~~internal~~Report ~~control~~on ~~over~~Internal ~~financial~~Control ~~reporting~~Over isFinancial aReporting process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

~~Because~~Management ofis ~~its~~responsible ~~inherent~~for ~~limitations,~~establishing and maintaining adequate internal control over financial reporting, ~~may~~as ~~not~~defined ~~prevent~~in orExchange ~~detect~~Act ~~misstatements~~Rule 13a-15(f). ~~Also,~~The ~~projections~~Company’s ofinternal ~~any~~control ~~evaluation~~over offinancial ~~effectiveness~~reporting tois ~~future~~a ~~periods~~process ~~are~~designed ~~subject~~ to provide reasonable assurance regarding the ~~risk~~reliability ~~that~~of ~~controls~~financial ~~may~~reporting ~~become~~and ~~inadequate~~the ~~because~~preparation of ~~changes~~financial instatements ~~conditions,~~for orexternal ~~that~~purposes ~~the~~in ~~degree~~accordance ofwith ~~compliance~~accounting ~~with~~principles ~~the~~generally ~~policies~~accepted orin ~~procedures~~the ~~may~~United ~~deteriorate~~States of America.

~~Under~~Because ~~the~~of ~~supervision~~its ~~and~~inherent ~~with~~limitations, ~~the~~internal ~~participation~~control ofover ~~management,~~financial ~~including~~reporting ~~the~~may ~~Chief~~not ~~Executive~~prevent ~~Officer~~or ~~/Chief~~detect ~~Financial~~misstatements. ~~Officer~~Also, ~~the~~projections ~~Company~~of ~~conducted~~any an evaluation of ~~the~~ effectiveness ofto ~~the~~future ~~Company’s~~periods ~~internal~~are ~~control~~subject ~~over~~to ~~financial~~the ~~reporting~~risk asthat ofcontrols ~~September~~may ~~30,~~become ~~2015~~inadequate ~~using~~because ~~the~~of ~~criteria~~changes ~~established~~ in ~~“Internal~~conditions, ~~Control~~or -that ~~Integrated Framework” issued by~~ the ~~Committee~~degree of ~~Sponsoring~~compliance ~~Organizations~~with of the ~~Treadway~~policies ~~Commission~~or ~~("COSO")~~procedures may deteriorate.

AUnder ~~material~~the ~~weakness~~supervision isand awith ~~deficiency,~~the orparticipation ~~combination~~ of ~~deficiencies~~management, inincluding ~~internal~~the ~~control~~Chief ~~over~~Executive ~~financial~~Officer ~~reporting,~~/Chief ~~such~~Financial ~~that~~Officer, ~~there~~the isCompany aconducted ~~reasonable~~an ~~possibility~~evaluation ~~that~~of athe ~~material~~effectiveness ~~misstatement~~ of the Company’s ~~annual~~internal orcontrol ~~interim~~over financial ~~statements~~reporting ~~will~~as ~~not~~of beMarch ~~prevented~~31, or2016 ~~detected~~using onthe acriteria ~~timely~~established ~~basis.~~in In“Internal ~~its~~Control ~~assessment~~- ofIntegrated ~~the~~Framework” ~~effectiveness~~issued ofby ~~internal~~the ~~control~~Committee ~~over~~of ~~financial~~Sponsoring ~~reporting~~Organizations as of ~~September 30, 2015,~~ the ~~Company~~Treadway ~~determined~~Commission ~~that there were control deficiencies that constituted material weaknesses, as described below~~("COSO").

1.A Wematerial doweakness ~~not~~is ~~have~~a andeficiency, ~~Audit~~or ~~Committee~~combination –of ~~While~~deficiencies, ~~not~~in ~~being~~internal ~~legally~~control ~~obligated~~over tofinancial ~~have~~reporting, ansuch ~~audit~~that ~~committee,~~there it is ~~the~~a ~~management’s~~reasonable ~~view~~possibility that ~~such~~ a ~~committee,~~material ~~including~~misstatement aof ~~financial~~the ~~expert~~Company’s ~~member,~~annual isor aninterim ~~utmost~~financial ~~important~~statements ~~entity~~will ~~level~~not ~~control~~be ~~over~~prevented ~~the~~or ~~Company’s~~detected ~~financial~~on ~~statement~~a timely basis. ~~Currently~~In ~~the~~its ~~Board~~assessment of ~~Directors acts in~~ the ~~capacity~~effectiveness of ~~the~~internal ~~Audit~~control ~~Committee,~~over ~~and~~financial ~~does~~reporting ~~not~~as ~~include~~of aMarch ~~member~~31, ~~that~~2016, isthe ~~considered~~Company todetermined bethat ~~independent~~there ofwere ~~management~~control todeficiencies ~~provide~~that ~~the~~constituted ~~necessary~~material ~~oversight~~weaknesses, ~~over~~as ~~management’s~~described ~~activities~~below.

21. We ~~did~~do not ~~maintain~~have ~~appropriate~~an ~~cash~~Audit ~~controls~~Committee – AsWhile ofnot ~~September~~being ~~30,~~legally ~~2015,~~obligated ~~the~~to ~~Company~~have ~~has~~an ~~not~~audit ~~maintained~~committee, ~~sufficient~~it ~~internal~~is ~~controls~~the ~~over~~management’s ~~financial~~view ~~reporting~~that ~~for~~such ~~the~~a ~~cash process~~committee, including ~~failure~~a tofinancial ~~segregate~~expert ~~cash handling and accounting functions~~member, ~~and~~is ~~did~~an ~~not~~utmost ~~require~~important ~~dual~~entity ~~signature~~level oncontrol over the Company’s ~~bank~~financial ~~accounts~~statement. ~~Alternatively,~~Currently the ~~effects~~Board of ~~poor~~Directors ~~cash~~acts ~~controls~~in ~~were~~the ~~mitigated~~capacity byof the ~~fact~~Audit Committee, and does not include a member that ~~the~~is ~~Company~~considered ~~had~~to ~~limited~~be ~~transactions~~independent inof ~~their~~management ~~bank~~to ~~accounts.~~provide the necessary oversight over management’s activities.

32. We did not ~~implement~~maintain appropriate ~~information~~cash ~~technology~~ controls – As of ~~September~~March 3031, ~~2015~~2016, the Company ~~retains~~has ~~copies~~not ofmaintained ~~all~~sufficient internal controls over financial ~~data~~reporting ~~and~~for ~~material~~the ~~agreements;~~cash ~~however~~process, ~~there~~including isfailure noto ~~formal~~segregate ~~procedure~~cash orhandling ~~evidence~~and ofaccounting ~~normal~~functions, ~~backup~~and ofdid not require dual signature on the Company’s ~~data~~bank oraccounts. ~~off-site~~Alternatively, ~~storage~~the effects of ~~the~~poor ~~data~~cash incontrols were mitigated by the ~~event~~fact ofthat ~~theft,~~the ~~misplacement,~~Company orhad ~~loss~~limited ~~due~~transactions toin ~~unmitigated~~their ~~factors~~bank accounts.

~~Accordingly~~3. We did not implement appropriate information technology controls – As of March 31, 2016, the Company ~~concluded~~retains ~~that~~copies ~~these~~of ~~control~~all ~~deficiencies~~financial ~~resulted~~data inand amaterial ~~reasonable~~agreements; ~~possibility~~however ~~that~~there ais ~~material~~no ~~misstatement~~formal procedure or evidence of normal backup of the ~~annual~~Company’s data or ~~interim~~off-site ~~financial~~storage ~~statements~~of ~~will~~the ~~not~~data bein ~~prevented~~the orevent ~~detected~~of ontheft, amisplacement, ~~timely~~or ~~basis~~loss bydue ~~the~~to ~~company’s~~unmitigated ~~internal controls~~factors.

AsAccordingly, athe ~~result~~Company ofconcluded ~~the~~that ~~material~~these ~~weaknesses~~control ~~described~~deficiencies ~~above,~~resulted ~~management~~in ~~has~~a ~~concluded~~reasonable possibility that ~~the~~a ~~Company~~material ~~did~~misstatement ~~not~~of ~~maintain~~the ~~effective~~annual ~~internal~~or ~~control~~interim ~~over~~ financial ~~reporting~~statements aswill ofnot ~~September~~be ~~30,~~prevented ~~2015~~or ~~based~~detected on ~~criteria~~a ~~established~~timely inbasis ~~Internal~~by ~~Control—Integrated~~the ~~Framework~~company’s ~~issued~~internal ~~by COSO~~controls.

13As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of March 31, 2016 based on criteria established in Internal Control—Integrated Framework issued by COSO.

Changes in Internal Control over Financial Reporting

There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of ~~September~~March 3031, ~~2015~~2016, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

This report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this report.

~~PART II OTHER INFORMATION~~13

~~Item~~PART 1.II ~~Legal~~OTHER ~~Proceedings~~INFORMATION

WeItem ~~know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation~~1. ~~There~~Legal ~~are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.~~Proceedings

~~Item~~We 2know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. ~~Unregistered~~There ~~Sales~~are ofno ~~Equity~~proceedings ~~Securities~~in ~~and~~which ~~Use~~any of ~~Proceeds~~our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

~~None~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~Item 3~~None. ~~Defaults Upon Senior Securities~~

~~None~~Item 3. Defaults Upon Senior Securities

~~Item 4~~None. ~~Submission of Matters to a Vote of Securities Holders~~

~~None~~Item 4. Submission of Matters to a Vote of Securities Holders

~~Item 5~~None. ~~Other Information~~

~~On October~~Item ~~1, 2014, at a special meeting of its shareholders, the Company appointed Mr~~5. ~~Andrew~~Other ~~Munro to act as its sole officer and director.~~ Information

~~Andrew~~On October ~~V. Munro~~1, ~~age 47~~2014, at sole director and sole officer. Mr. Munro spent the last 20 years working for Jeld-Wen, the world's largest window and door manufacturer. He started as an office manager and continued in progressively responsible leadership roles until becoming General Manager in 2000. As a ~~General~~special ~~Manager,~~meeting ~~he was responsible for all facets~~ of ~~the~~its ~~daily operation of the business and supervised over 40 individuals. Immediately prior to 2000~~shareholders, ~~Mr. Munro was~~ the Company ~~assistant~~appointed ~~General Manager for Jeld-Wen's operations in San Antonio, Texas.~~ Mr. Andrew Munro ~~holds~~to aact ~~Diploma~~as inits ~~Business~~sole ~~Administration~~officer ~~(Computer~~and ~~Systems) that he earned in 1989 from the BC Institute of Technology~~director.

~~Item~~Andrew 6Munro, age 48, sole director and sole officer. Mr. ~~Exhibits~~Munro spent the last 20 years working for Jeld-Wen, the world's largest window and door manufacturer. He started as an office manager and continued in progressively responsible leadership roles until becoming General Manager in 2000. As a General Manager, he was responsible for all facets of the daily operation of the business and supervised over 40 individuals. Immediately prior to 2000, Mr. Munro was the assistant General Manager for Jeld-Wen's operations in San Antonio, Texas. Mr. Munro holds a Diploma in Business Administration (Computer Systems) that he earned in 1989 from the BC Institute of Technology.

Exhibit Number		Description
(3)		(i) Articles of Incorporation; (ii) Corporate Charter; and (iii)Bylaws
3.1		Articles of Incorporation**
3.2		Corporate Charter**
3.3		Bylaws **
(31)		Rule 13a-14(a)/15d-14(a) Certifications
31.1*		Section 302 Certification under Sarbanes-Oxley Act of 2002
(32)		Section 1350 Certifications
32.1*		Section 906 Certification under Sarbanes-Oxley Act of 2002

Item 6. Exhibits

* Filed herewith.


Exhibit Number		Description

(3)		(i) Articles of Incorporation; (ii) Corporate Charter; and (iii)Bylaws
3.1		Articles of Incorporation**
3.2		Corporate Charter**
3.3		Bylaws **

(31)		Rule 13a-14(a)/15d-14(a) Certifications
31.1*		Section 302 Certification under Sarbanes-Oxley Act of 2002

(32)		Section 1350 Certifications
32.1*		Section 906 Certification under Sarbanes-Oxley Act of 2002

14* Filed herewith.

** Previously filed as an exhibit to our Registration Statement on Form SB-1 originally filed with the SEC on February 13, 2007, as amended March 7, 2007 and declared effective March 14, 2007.

~~SIGNATURES~~14

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.SIGNATURES

~~MUNRO~~Pursuant ~~DEVELOPMENTS~~to ~~INC~~the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~By:~~MUNRO ~~/s/~~DEVELOPMENTS ~~Andrew Munro~~INC.

~~(Principal~~By: ~~Executive~~/s/ ~~Officer,~~Andrew ~~Principal Financial Officer and Principal Accounting Officer)~~ Munro

~~November~~(Principal 23Executive Officer, ~~2015~~Principal Financial Officer and Principal Accounting Officer)

15May 17, 2016

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