UNITED STATES

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 ~~July~~October 31, 2012

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

For the transition period from __________ to __________.

Commission File Number: 000-54763

BUNCOMBE, INC.

(Exact name of registrant as specified in its charter)

Nevada		45-5296776
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

100 Europa Drive, Suite 455 Chapel Hill, North Carolina		27517
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (732) 409-1212

Not applicable.

(Former Name or Former Address if Changed Since Last Report)

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 ¨o

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

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

Large accelerated filer ¨o Accelerated filer ¨o Non-accelerated filer ¨o (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 Act). Yes x No o

As of ~~October~~December 1213, 2012 there were 100,000 shares of Common Stock, par value $0.001 per share, outstanding.

BUNCOMBE, INC.

QUARTERLY REPORT ON FORM 10-Q

~~JULY~~October 31, 2012

TABLE OF CONTENTS

		PAGE
PART 1 - FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	~~F-1~~4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	114
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	417
Item 4.	Controls and Procedures	518
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	619
Item 1A.	Risk Factors	619
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	619
Item 3.	Defaults Upon Senior Securities	619
Item 4.	Mine Safety Disclosures	619
Item 5.	Other Information	619
Item 6.	Exhibits	619
SIGNATURES		720

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This Quarterly Report on Form 10-Q (this “Report”) contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “predict,” “project,” “forecast,” “potential,” “continue” negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking statements.

We cannot predict all of the risks and uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Report and include information concerning possible or assumed future results of our operations, including statements about potential acquisition or merger targets; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future financial results, and any other statements that are not historical facts.

These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Report. All subsequent written and oral forward-looking statements concerning other matters addressed in this Report and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Report.

Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

CERTAIN TERMS USED IN THIS REPORT

When this report uses the words “we,” “us,” “our,” and the “Company,” they refer to Buncombe, Inc. “”SEC” refers to the Securities and Exchange Commission.

PART I - FINANCIAL INFORMATION

~~Item~~ITEM 1. ~~Financial~~FINANCIAL ~~Statements~~STATEMENTS.

BUNCOMBE, INC.

(A DEVELOPMENT STAGE COMPANY)

CONTENTS

PAGE	25	CONDENSED BALANCE SHEETS AS OF ~~JULY~~OCTOBER 31, 2012 (UNAUDITED) AND AS OF APRIL 30, 2012
PAGE	36	CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED ~~JULY~~OCTOBER 31, 2012 AND FOR THE PERIOD APRIL 27, 2012 (INCEPTION) TO ~~JULY~~OCTOBER 31, 2012 (UNAUDITED)
PAGE	47	CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIENCY FOR THE PERIOD FROM APRIL 27, 2012 (INCEPTION) TO ~~JULY~~OCTOBER 31, 2012 (UNAUDITED)
PAGE	58	CONDENSED STATEMENTS OF CASH FLOWS FOR THE ~~THREE~~SIX MONTHS ENDED ~~JULY~~OCTOBER 31, 2012 AND FOR THE PERIOD APRIL 27, 2012 (INCEPTION) TO ~~JULY~~OCTOBER 31, 2012 (UNAUDITED)
PAGES	69-813	NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

~~F-1~~4

Buncombe, Inc.

(A Development Stage Company)

Condensed Balance Sheets

	July 31, 2012			April 30, 2012
	October 31, 2012			April 30, 2012
	(Unaudited)
ASSETS
Total Assets	$	-		$	-
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities
Accounts Payable	$	46,~~618~~025		$	1,500
Loans Payable to Related Party		~~689~~2,189			364
Total Liabilities		58,~~307~~214			1,864
Stockholders' Deficiency
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding		-			-
Common stock, $0.001 par value; 100,000,000 shares authorized, 100,000 and 100,000 issued and outstanding respectively		100			100
Additional paid-in capital		79,~~400~~900			900
Deficit accumulated during the development stage		(1218,~~807~~214	)		(2,864	)
Total Stockholders' Deficiency		(58,~~307~~214	)		(1,864	)
Total Liabilities and Stockholders' Deficiency	$	-		$	-

See Accompanying Notes to Condensed Unaudited Financial Statements

~~F-2~~5

Buncombe, Inc.

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)

	For The Three Months Ended			For ~~the~~The ~~Period~~Six ~~from~~Months ~~April 27, 2012~~Ended			For the Period from April 27, 2012
	July 31, 2012			(Inception) to July 31, 2012
	October 31, 2012			October 31, 2012			(Inception) to October 31, 2012
Operating Expenses
Professional fees	$	32,~~118~~907		$	46,~~982~~025		$	7,889
General and administrative		62,~~825~~500			79,~~825~~325			10,325
Total Operating Expenses		95,~~943~~407			1215,~~807~~350			18,214
LOSS FROM OPERATIONS BEFORE INCOME TAXES		(95,~~943~~407	)		(1215,~~807~~350	)		(18,214	)
Provision for Income Taxes		-			-			-
NET LOSS	$	(95,~~943~~407	)	$	(1215,~~807~~350	)	$	(18,214	)
Net Loss Per Share - Basic and Diluted	$	(0.1005	)	$	(0.1315	)	$	(0.18	)
Weighted average number of shares outstanding during the period - Basic and Diluted		100,000			100,000			100,000

See Accompanying Notes to Condensed Unaudited Financial Statements

~~F-3~~6

Buncombe, Inc. ~~(A Development Stage Company) Condensed Statement of Changes in Stockholders' Deficiency For the Period from April 27, 2012 (Inception) to July 31, 2012 (Unaudited)~~

											Deficit
									Additional		accumulated during			Total
	Preferred Stock				Common stock				paid-in		development			Stockholders'
	Shares		Amount		Shares		Amount		capital		stage			Deficiency
Balance, April 27, 2012		-	$	-		-	$	-	$	-	$	-		$	-
Common stock issued for services to founder ($0.01/share)		-		-		100,000		100		900		-			1,000
Net loss for the four day period ended April 30, 2012		-		-		-		-		-		(2,864	)		(2,864	)
Balance, April 30, 2012		-		-		100,000		100		900		(2,864	)		(1,864	)
In-Kind Contribution of Services		-		-		-		-		6,500		-			6,500
Net loss for the three months period ended July 31, 2012		-		-		-		-		-		(9,943	)		(9,943	)
Balance, July 31, 2012		-	$	-		100,000	$	100	$	7,400	$	(12,807	)	$	(5,307	)

(A Development Stage Company)

~~See~~Condensed ~~Accompanying~~Statement ~~Notes~~of toChanges ~~Condensed~~in ~~Unaudited Financial Statements~~Stockholders' Deficiency

~~F-4~~For the Period from April 27, 2012 (Inception) to October 31, 2012

~~Buncombe, Inc.~~(Unaudited)

(A Development Stage Company)

											Deficit
									Additional		accumulated during			Total
	Preferred Stock				Common stock				paid-in		development			Stockholders'
	Shares		Amount		Shares		Amount		capital		stage			Deficiency

Balance, April 27, 2012		-	$	-		-	$	-	$	-	$	-		$	-

Common stock issued for services to founder ($0.01/share)		-		-		100,000		100		900		-			1,000

Net loss for the four day period ended April 30, 2012		-		-		-		-		-		(2,864	)		(2,864	)

Balance, April 30, 2012		-		-		100,000		100		900		(2,864	)		(1,864	)

In-Kind Contribution of Services		-		-		-		-		9,000		-			9,000

Net loss for the six months ended October 31, 2012		-		-		-		-		-		(15,350	)		(15,350	)

Balance, October 31, 2012		-	$	-		100,000	$	100	$	9,900	$	(18,214	)	$	(8,214	)

~~Condensed~~See ~~Statements~~Accompanying Notes ofto ~~Cash~~Condensed ~~Flows~~Unaudited Financial Statements

~~(Unaudited)~~7

	For The Three Months			For the Period from
	Ended			April 27, 2012 (Inception) to
	July 31, 2012			July 31, 2012
Cash Flows From Operating Activities:
Net Loss	$	(9,943	)	$	(12,807	)
Adjustments to reconcile net loss to net cash used in operations
Common stock issued for services		-			1,000
In-kind contribution of services		6,500			6,500
Changes in operating assets and liabilities:
Increase in accounts payable and accrued expenses		3,118			4,618
Net Cash Used In Operating Activities		(325	)		(689	)
Cash Flows From Financing Activities:
Increase in loans payable - related party		325			689
Net Cash Provided by Financing Activities		325			689
Net Increase in Cash		-			-
Cash at Beginning of Period		-			-
Cash at End of Period	$	-		$	-
Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-

Buncombe, Inc.

~~See~~(A ~~Accompanying~~Development ~~Notes~~Stage ~~to Condensed Unaudited Financial Statements~~Company)

~~F-5~~Condensed Statements of Cash Flows

~~BUNCOMBE, INC.~~(Unaudited)

(A DEVELOPMENT STAGE COMPANY)

	For The Six Months			For the Period from
	Ended			April 27, 2012 (Inception) to
	October 31, 2012			October 31, 2012
Cash Flows From Operating Activities:
Net Loss	$	(15,350	)	$	(18,214	)
Adjustments to reconcile net loss to net cash used in operations
Common stock issued for services		-			1,000
In-kind contribution of services		9,000			9,000
Changes in operating assets and liabilities:
Increase in accounts payable and accrued expenses		4,525			6,025
Net Cash Used In Operating Activities		(1,825	)		(2,189	)

Cash Flows From Financing Activities:
Increase in loans payable - related party		1,825			2,189
Net Cash Provided by Financing Activities		1,825			2,189

Net Increase in Cash		-			-

Cash at Beginning of Period		-			-

Cash at End of Period	$	-		$	-

Supplemental disclosure of cash flow information:

Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-

~~NOTES~~See TOAccompanying ~~FINANCIAL~~Notes to ~~STATEMENTS~~Condensed Unaudited Financial Statements

~~AS OF JULY 31, 2012~~8

~~(UNAUDITED)~~BUNCOMBE, INC.

~~NOTE~~(A 1DEVELOPMENT ~~SUMMARY~~STAGE ~~OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION~~COMPANY)

~~(A)~~NOTES ~~Basis~~TO ofFINANCIAL ~~Presentation~~STATEMENTS

~~The~~AS ~~accompanying~~OF ~~condensed~~OCTOBER unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly31, ~~they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.~~2012

~~It is management’s opinion however, that all material adjustments~~ (~~consisting of normal recurring adjustments~~UNAUDITED) ~~have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.~~

~~Buncombe,~~NOTE ~~Inc.~~1 (aSUMMARY ~~development stage~~OF ~~company)~~SIGNIFICANT ~~(the~~ACCOUNTING ~~"Company")~~POLICIES ~~was~~AND ~~incorporated under the laws of the State of Nevada on April 27, 2012. The Company was organized to provide business services and financing to emerging growth entities.~~ORGANIZATION

~~The~~(A) ~~Company~~Basis was formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. It has been in the developmental stage since inception and has no operations to date. It will attempt to locate and negotiate with a business entity for the combination of that target company with us. The combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange. In most instances, the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that it will be successful in locating or negotiating with any target company.Presentation

~~Activities~~The ~~during~~accompanying condensed unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the ~~development~~United States of America ~~stage~~and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include ~~developing~~all the ~~business~~information ~~plan~~necessary for a comprehensive presentation of financial position and ~~raising~~results ~~capital~~of operations.

It is management’s opinion however, that all material adjustments (Bconsisting of normal recurring adjustments) ~~Use~~have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of ~~Estimates~~the results to be expected for the year.

InBuncombe, ~~preparing~~Inc. ~~financial~~(a ~~statements~~development instage ~~conformity~~company) ~~with~~(the ~~generally~~"Company") ~~accepted~~was ~~accounting~~incorporated ~~principles,~~under ~~management is required to make estimates and assumptions that affect~~ the ~~reported~~laws ~~amounts~~ of ~~assets and liabilities and~~ the ~~disclosure~~State of ~~contingent~~Nevada ~~assets~~on ~~and~~April ~~liabilities~~27, at2012. ~~the~~The ~~date~~Company was oforganized ~~the~~to ~~financial statements~~provide ~~and~~business ~~revenues~~services and ~~expenses~~financing ~~during~~to ~~the~~emerging ~~reported~~growth ~~period~~entities. ~~Actual results could differ from those estimates.~~

FThe Company was formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. It has been in the developmental stage since inception and has no operations to date. It will attempt to locate and negotiate with a business entity for the combination of that target company with us. The combination will normally take the form of a merger, stock-6for-stock exchange or stock-for-assets exchange. In most instances, the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that it will be successful in locating or negotiating with any target company.

~~BUNCOMBE,~~Activities ~~INC~~during the development stage include developing the business plan and raising capital.

(AB) ~~DEVELOPMENT~~Use ~~STAGE~~of ~~COMPANY)~~Estimates

~~NOTES~~In TOpreparing ~~FINANCIAL~~financial ~~STATEMENTS~~statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.

~~AS OF JULY 31, 2012~~9

~~(UNAUDITED)~~BUNCOMBE, INC.

~~The~~(A ~~most~~DEVELOPMENT ~~significant~~STAGE ~~estimates include the valuation of stock based compensation and deferred tax valuation allowance.~~COMPANY)

~~(C)~~NOTES ~~Cash~~TO ~~and~~FINANCIAL ~~Cash Equivalents~~STATEMENTS

~~The~~AS ~~Company~~OF ~~considers~~OCTOBER ~~all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At July~~ 31, 2012 ~~and April 30, 2012, the Company had no cash equivalents.~~

(DUNAUDITED) ~~Loss Per Share~~

~~Basic and~~The ~~diluted~~most ~~net~~significant ~~loss~~estimates include ~~per common share is computed based upon~~ the ~~weighted~~valuation ~~average common shares outstanding as defined by FASB Accounting Standards Codification Topic 260, “Earnings Per Share.” As~~ of ~~July~~stock ~~31,~~based ~~2012,~~compensation ~~there~~and ~~were~~deferred notax ~~common~~valuation ~~share equivalents outstanding~~allowance.

(EC) ~~Income~~Cash ~~Taxes~~and Cash Equivalents

The Company ~~accounts~~considers ~~for~~all ~~income~~highly ~~taxes~~liquid ~~under~~temporary ~~FASB~~cash ~~Codification~~investments ~~Topic~~with ~~740-10-25~~an ~~(“ASC~~original ~~740-10-25”).~~maturity ~~Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts~~ of ~~existing~~ ~~assets~~three ~~and~~months ~~liabilities~~or ~~and~~less ~~their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected~~ to ~~apply to taxable income in the years in which those temporary differences are expected to~~ be ~~recovered~~cash ~~or settled~~equivalents. ~~Under~~At ~~ASC~~October ~~740-10-25~~31, ~~the effect on deferred tax assets~~ 2012 and ~~liabilities~~April of30, a2012, ~~change in tax rates is recognized in income in~~ the ~~period~~Company ~~that~~had ~~includes~~no ~~the~~cash ~~enactment date~~equivalents.

(FD) ~~Business~~Loss ~~Segments~~Per Share

~~The~~Basic ~~Company~~and ~~operates~~diluted innet ~~one~~loss ~~segment~~per ~~and~~common ~~therefore~~share ~~segment~~is ~~information~~computed isbased ~~not~~upon ~~presented~~the weighted average common shares outstanding as defined by FASB Accounting Standards Codification Topic 260, “Earnings Per Share.” As of October 31, 2012, there were no common share equivalents outstanding.

(GE) ~~Revenue~~Income ~~Recognition~~Taxes

The Company ~~will~~accounts ~~recognize~~for ~~revenue on~~income ~~arrangements~~taxes inunder ~~accordance with~~ FASB ~~ASC~~Codification ~~No.~~Topic ~~605,~~740-10-25 (“~~Revenue~~ASC ~~Recognition~~740-10-25”). InUnder ~~all~~ASC ~~cases~~740-10-25, ~~revenue~~deferred tax isassets and liabilities are recognized ~~only when~~for the ~~price~~future istax ~~fixed~~consequences ~~and~~attributable ~~determinable,~~to ~~persuasive~~differences ~~evidence~~between the financial statement carrying amounts of anexisting ~~arrangement~~assets ~~exists~~and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the ~~service~~effect ison ~~performed~~deferred tax assets and ~~collectability~~ liabilities of ~~the~~a ~~resulting~~change ~~receivable~~in tax rates is ~~reasonably~~recognized in ~~assured~~income in the period that includes the enactment date.

(F-7) Business Segments

~~BUNCOMBE,~~The Company ~~INC~~operates in one segment and therefore segment information is not presented.

(AG) ~~DEVELOPMENT~~Revenue ~~STAGE COMPANY)~~Recognition

~~NOTES~~The TOCompany ~~FINANCIAL~~will ~~STATEMENTS~~recognize revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

~~AS OF JULY 31, 2012~~10

~~(UNAUDITED)~~BUNCOMBE, INC.

(~~H)Fair Value~~A ofDEVELOPMENT ~~Financial~~STAGE ~~Instruments~~COMPANY)

~~The~~NOTES ~~carrying~~TO ~~amount~~FINANCIAL ~~reported in the balance sheet for accounts payable approximate fair value based on the short-term maturity of these instruments.~~STATEMENTS

~~NOTE~~AS 2OF ~~STOCKHOLDERS’~~OCTOBER ~~DEFICIENCY~~31, 2012

(AUNAUDITED) ~~Stock Issued for Services~~

~~On April 27, 2012, the Company issued 100,000 shares of common stock to its founder having a fair value of $1,000~~ (~~$0.01/share~~H) ~~in exchange for services provided~~Fair ~~(See~~Value ~~Note~~of ~~3).~~Financial Instruments

~~(B)~~The ~~In-Kind~~carrying ~~Contribution~~amount reported on the balance sheet for accounts payable approximate fair value based on the short-term maturity of ~~Services~~these instruments.

~~For the three months ended July 31, 2012, the founder of the Company contributed services having a fair value of $6,500~~ (~~See~~I) ~~Note~~Recent ~~3).~~Accounting Pronouncements

~~NOTE~~In 3December ~~RELATED~~2011, ~~PARTY~~FASB ~~TRANSACTION~~issued Accounting Standards Update 2011-11, Balance Sheet - Disclosures about Offsetting Assets and Liabilities” to enhance disclosure requirements relating to the offsetting of assets and liabilities on an entity's balance sheet. The update requires enhanced disclosures regarding assets and liabilities that are presented net or gross in the statement of financial position when the right of offset exists, or that are subject to an enforceable master netting arrangement.

OnIn ~~April~~July 272012, FASB issued Accounting Standards Update 2012-01, ~~the~~Balance ~~Company issued~~Sheet ~~100~~– Subtopic 954-430,~~000~~ ~~shares~~Health Care Entities—Deferred Revenue, requires that a continuing care retirement community recognize a deferral of ~~common~~revenue ~~stock~~when toa ~~its~~contract ~~founder~~between ~~having~~a continuing care retirement community and a ~~fair~~resident ~~value~~stipulates ofthat $(1) a portion of the advanced fee is refundable if the contract holder’s unit is reoccupied by a subsequent resident,~~000~~ (~~$0.01/share~~2) the refund is limited to the proceeds of reoccupancy, and (3) the legal environment and the entity’s management policy and practice support the withholding of refunds under condition (2). Questions have arisen in ~~exchange~~practice about cases where the refund depends on reoccupancy. The objective of this Update is to clarify the reporting for ~~services~~refundable ~~provided~~advance fees received by continuing care retirement communities. The amendments in this update are effective for fiscal periods beginning after December 15, 2013. Early adoption is permitted. The amendments in this Update should be applied retrospectively by recording a cumulative-effect adjustment to opening retained earnings (~~See~~or ~~Note~~unrestricted 2net assets) as of the beginning of the earliest period presented.

~~For~~In ~~the~~July ~~three~~2012, ~~months~~FASB ~~ended~~issued ~~July~~Accounting ~~31,~~Standards Update 2012-02, Balance Sheet- Intangibles- Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment is an Amendment to FASB Accounting Standards Update 2011-08. The objective of the ~~founder~~amendments in this Update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the ~~Company~~quantitative ~~contributed~~impairment ~~services~~test in accordance with Subtopic 350-30, Intangibles—Goodwill and Other—General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having a ~~fair~~likelihood ~~value~~of more than 50 percent. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of $6a date before July 27,~~500~~ ~~(See~~2012, ~~Note~~if 2)a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance.

~~As of July 31, 2012, the founder of the Company paid $689 in general and administrative expenses on behalf of the Company. This amount is recorded as related party loan payable.~~11

~~NOTE~~BUNCOMBE, ~~4 GOING CONCERN~~INC.

As(A ~~reflected~~DEVELOPMENT inSTAGE the accompanying financial statements, the Company is in the development stage with limited operations. The Company has a net loss since inception of $12,807. The Company has a negative working capital and stockholders’ deficiency of $5,307 at July 31, 2012. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital through stockholder loans and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.COMPANY)

~~Management~~NOTES ~~believes~~TO ~~that~~FINANCIAL ~~actions presently being taken to obtain additional stockholder loans and implement its strategic plans provide the opportunity for the Company to continue as a going concern.~~STATEMENTS

~~F-8~~AS OF OCTOBER 31, 2012

~~Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.~~(UNAUDITED)

The ~~following~~new ~~discussion~~disclosure ~~provides information~~requirements ~~which~~relating ~~management~~to ~~believes~~this isupdate ~~relevant~~are toretrospective ~~an assessment~~ and ~~understanding~~effective offor ~~our~~annual ~~results of operations~~ and ~~financial~~interim ~~condition. The~~periods ~~discussion~~beginning ~~should~~on beor ~~read~~after ~~along~~January ~~with~~1, ~~our~~2013. ~~financial~~The update ~~statements~~only ~~and~~requires ~~notes~~additional ~~thereto~~disclosures, ~~contained~~as ~~elsewhere~~such, inwe ~~this~~do ~~Report.~~not ~~The~~expect ~~following discussion~~that ~~and~~the ~~analysis~~adoption ~~contains~~of ~~forward-looking~~this ~~statements,~~standard ~~which~~will ~~involve~~have ~~risks~~a ~~and~~material impact ~~uncertainties.~~on ~~Our~~our ~~actual~~ results ~~may~~of ~~differ significantly from the results~~operations, ~~expectations~~cash ~~and~~flows ~~plans~~or ~~discussed~~financial ~~in these forward-looking statements~~condition.

~~Overview~~NOTE 2 STOCKHOLDERS’ DEFICIENCY

~~The~~(A) ~~Company~~Stock ~~was~~Issued ~~incorporated in the State~~for of Nevada on April 27, 2012. The Company was formed as a vehicle to pursue a business combination and has not yet made any efforts to identify possible business combinations. As a result, the Company has not conducted negotiations or entered into a letter of intent concerning any target businesses. The business purpose of the Company is to seek the acquisition of or merger with an existing company. The Company selected April 30 as its fiscal year end.Services

~~The~~On ~~Company~~April 27, ~~based on proposed business activities~~2012, ~~is a "blank check" company. The U.S. Securities and Exchange Commission (~~the ~~“SEC”) defines those~~Company ~~companies~~issued as100,000 ~~"any~~shares ~~development~~of ~~stage~~common ~~company that is issuing a penny~~ stock, ~~within~~to ~~the~~its ~~meaning~~founder ofhaving ~~Section 3 (~~a~~)(51)~~ offair ~~the Securities~~value ~~Exchange Act~~ of ~~1934~~$1,000 ~~as amended~~ (~~the “Exchange Act”), and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies~~$0.~~" Under SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a “shell company,” because it has no or nominal assets (other than cash~~01/share) ~~and no or nominal operations. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies~~ in ~~their~~exchange ~~respective~~for ~~jurisdictions.~~services ~~Management does not intend to undertake any efforts to cause~~provided a(See ~~market~~Note ~~to develop in our securities, either debt or equity, until we have successfully concluded a business combination~~3). ~~The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.~~

~~The~~(B) Company was organized as a vehicle to investigate, and if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve longIn-~~term~~Kind ~~growth potential through a combination with a business rather than immediate, short-term earnings. The~~Contribution ~~Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type~~ of ~~business.~~Services

~~The~~For ~~analysis~~the ofsix ~~new~~months ~~business~~ended ~~opportunities~~October ~~will~~31, ~~be undertaken by or under the supervision of Peter Coker~~2012, the ~~sole~~founder ~~officer and director~~ of the ~~Registrant. As of this date, the~~ Company ~~has~~contributed ~~not~~services ~~entered~~having ~~into~~a ~~any~~fair ~~definitive~~value ~~agreement~~of ~~with any party~~$9,000 ~~nor~~(See ~~have~~Note ~~there been any specific discussions with any potential business combination candidate regarding business opportunities for the Company~~3). The Registrant has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities. In its efforts to analyze potential acquisition targets, the Registrant will consider the following kinds of factors:

a.NOTE ~~Potential~~3 ~~for~~RELATED ~~growth,~~PARTY ~~indicated by new technology, anticipated market expansion or new products;~~TRANSACTION

b.As ~~Competitive~~of ~~position~~October as31, ~~compared~~2012, tothe ~~other~~founder of ~~firms~~the ofCompany ~~similar~~paid ~~size~~$2,189 in general and ~~experience~~administrative ~~within~~expenses ~~the~~on ~~industry~~behalf ~~segment~~of asthe ~~well~~Company. asThis ~~within~~amount ~~the~~is ~~industry~~recorded as arelated party ~~whole;~~loan payable.

c.For ~~Strength~~the ~~and~~six ~~diversity~~months ofended ~~management~~October 31, ~~either~~2012, inthe ~~place~~founder orof ~~scheduled~~the ~~for~~Company ~~recruitment;~~contributed services having a fair value of $9,000 (See Note 2).

d.On ~~Capital~~April ~~requirements~~27, ~~and~~2012, ~~anticipated~~the ~~availability~~Company issued ~~of required funds~~100,000 toshares beof ~~provided~~common bystock ~~the~~to ~~Registrant~~its orfounder ~~from~~having ~~operations,~~a ~~through~~fair ~~the~~value ~~sale~~ of ~~additional securities~~$1,000 ~~through~~($0.01/share) ~~joint~~in ~~ventures~~exchange orfor ~~similar~~services ~~arrangements~~provided (See orNote ~~from other sources;~~2).

1NOTE 4 GOING CONCERN

eAs reflected in the accompanying financial statements, the Company is in the development stage with limited operations. The ~~cost~~Company has a net loss since inception of ~~participation~~$18,214. byThe ~~the~~Company ~~Registrant~~has a negative working capital and stockholders’ deficiency of $8,214 at October 31, 2012. This raises substantial doubt about its ability to continue as ~~compared~~a going concern. The ability of the Company to continue as a going concern is dependent on the ~~perceived~~Company’s ~~tangible~~ability ~~and~~to ~~intangible~~raise ~~values~~additional capital through stockholder loans and ~~potentials;~~implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~f. The extent to which the business opportunity can be advanced;~~12

~~g. The accessibility of required management expertise~~BUNCOMBE, ~~personnel, raw materials, services, professional assistance and other required items; and~~INC.

h.(A ~~Other~~DEVELOPMENT ~~relevant~~STAGE ~~factors.~~COMPANY)

InNOTES ~~applying~~TO ~~the~~FINANCIAL foregoing criteria, no one of which will be controlling, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Potentially available business opportunities may occur in many different industries, and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Due to the Registrant's limited capital available for investigation, the Registrant may not discover or adequately evaluate adverse facts about the opportunity to be acquired.STATEMENTS

~~Form~~AS ofOF ~~Acquisition~~OCTOBER 31, 2012

The manner in which the Registrant participates in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the Registrant and the promoters of the opportunity, and the relative negotiating strength of the Registrant and such promoters. We do not intend to solicit prospective investors for any transaction. The Company has not commenced our efforts to locate a merger candidate and will not do so until it clears all comments with the SEC. We will rely on word of mouth to locate potential merger candidates.(UNAUDITED)

ItManagement isbelieves ~~likely~~ that ~~the Registrant will acquire~~actions ~~its~~presently ~~participation~~being intaken ato ~~business~~obtain ~~opportunity~~additional ~~through~~stockholder ~~the~~loans ~~issuance~~and ofimplement ~~common~~its ~~stock~~strategic orplans ~~other~~provide ~~securities of~~ the ~~Registrant.~~opportunity ~~Although the terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria~~ for ~~determining whether or not an acquisition is a so-called "tax free" reorganization under Section 368(a)(1) of~~ the ~~Internal Revenue~~ ~~Code~~Company ofto ~~1986,~~continue as ~~amended (the "Code") depends upon whether the owners of the acquired business own 80% or more of the voting stock of the surviving entity. If~~ a ~~transaction~~going were structured to take advantage of these provisions rather than other "tax free" provisions provided under the Code, all prior stockholders of the Registrant would in such circumstances retain 20% or less of the total issued and outstanding shares of the surviving entityconcern. Under other circumstances, depending upon the relative negotiating strength of the parties, prior stockholders of the Registrant may retain substantially less than 20% of the total issued and outstanding shares of the surviving entity. This could result in substantial additional dilution to the equity of those who were stockholders of the Registrant prior to such reorganization.

The stockholders of the Registrant before the consummation of a reorganization transaction will likely not have control of a majority of the voting securities of the Registrant following such a transaction. As part of such a transaction, all, or a majority of, the Registrant's directors may resign and one or more new directors may be appointed without any vote by stockholders.13

InITEM the case of an acquisition, the transaction may be accomplished upon the sole determination of management without any vote or approval by stockholders. In the case of a statutory merger or consolidation directly involving the Registrant, it will likely be necessary to call a stockholders' meeting and obtain the approval of the holders of a majority of the outstanding securities. The necessity to obtain such stockholder approval may result in delay and additional expense in the consummation of any proposed transaction and will also give rise to certain appraisal rights to dissenting stockholders. Most likely, management will seek to structure any such transaction so as not to require stockholder approval. Regardless the number of shareholders, we intend to provide our shareholders with complete disclosure concerning a possible target entity and its business, including audited financial statements (if available to us) prior to any merger or acquisition. If the business combination is between a shell company and a private operating company whereby the registrant ceases to be a shell company, a Form 8-K that includes Items 2.~~01,~~ ~~5.01,~~MANAGEMENT’S ~~5.06~~DISCUSSION ~~and~~AND ~~9.01~~ANALYSIS ~~will~~OF beFINANCIAL ~~filed~~CONDITION noAND ~~later~~RESULTS ~~than~~OF ~~four business days after the consummation of the acquisition and that the Form 8-K will also include for the private operating company all content required by a Form 10 initial registration statement~~OPERATIONS.

2The following discussion provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our financial statements and notes thereto contained elsewhere in this Report. The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.

It is anticipated that the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require substantial management time and attention and substantial cost for accountants, attorneys and others. If a decision is made not to participate in a specific business opportunity, the costs theretofore incurred in the related investigation might not be recoverable. Furthermore, even if an agreement is reached for the participation in a specific business opportunity, the failure to consummate that transaction may result in the loss to the Registrant of the related costs incurred.Overview

WeThe ~~are~~Company inwas aincorporated ~~highly~~in ~~competitive~~the ~~market for~~State ~~a small number~~ of ~~business~~Nevada ~~opportunities~~on ~~which~~April ~~could~~27, ~~reduce~~2012. ~~the~~The ~~likelihood~~Company ofwas ~~consummating~~formed as a ~~successful~~vehicle ~~business combination. We are and will continue~~ to bepursue ana ~~insignificant participant in the~~ business ofcombination ~~seeking~~and ~~mergers~~has ~~with,~~not ~~joint~~yet ~~ventures~~made ~~with~~any ~~and acquisitions~~efforts ofto ~~small~~identify ~~private~~possible ~~and~~business ~~public entities~~combinations. AAs ~~large~~a ~~number of established and well-financed entities~~result, ~~including~~the ~~small~~Company ~~public~~has ~~companies and~~not ~~venture~~conducted ~~capital~~negotiations ~~firms,~~or ~~are~~entered ~~active~~into ina ~~mergers~~letter ~~and acquisitions~~ of intent ~~companies~~concerning ~~that~~any ~~may be desirable~~ target ~~candidates for us~~businesses. ~~Nearly~~ ~~all~~The ~~these~~business ~~entities~~purpose ~~have~~of ~~significantly~~the ~~greater~~Company ~~financial~~is ~~resources,~~to ~~technical~~seek ~~expertise~~the ~~and~~acquisition ~~managerial~~of ~~capabilities~~or ~~than we~~merger ~~do;~~with ~~consequently,~~an ~~we will be at a competitive disadvantage in identifying possible business opportunities and successfully completing~~existing ~~a business combination~~company. ~~These~~The ~~competitive~~Company ~~factors~~selected ~~may~~April ~~reduce~~30 ~~the~~as ~~likelihood~~its offiscal ~~our~~year ~~identifying and consummating a successful business combination~~end.

WeThe ~~presently~~Company, ~~have~~based noon ~~employees~~proposed ~~apart from~~business ~~our~~activities, ~~management~~is a “blank check” company. ~~Our~~The ~~officer~~U.S. Securities and ~~director~~Exchange isCommission ~~engaged~~(the in“SEC”) ~~outside~~defines those ~~business~~companies ~~activities~~as ~~and~~“any ~~anticipate~~development stage company that ~~they~~is ~~will~~issuing ~~devote~~a topenny ~~our business~~stock, ~~very~~within ~~limited~~the ~~time~~meaning ~~until~~of Section 3 (a)(51) of the ~~acquisition~~Securities Exchange Act of a1934, ~~successful~~as amended (the “Exchange Act”), and that has no specific business ~~opportunity~~plan or purpose, or has ~~been~~indicated ~~identified~~that its business plan is to merge with an unidentified company or companies.” WeUnder ~~expect~~SEC noRule ~~significant~~12b-2 ~~changes~~under inthe Exchange Act, the ~~number~~Company ofalso ~~our~~qualifies ~~employees~~as ~~other~~a “shell company,” because it has no or nominal assets (other than ~~such~~cash) ~~changes~~and no or nominal operations. Many states have enacted statutes, ifrules and regulations limiting the sale of securities of “blank check” companies in their respective jurisdictions. Management does not intend to undertake any, ~~incident~~efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded a business combination. The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.

~~Results~~The Company was organized as a vehicle to investigate, and if such investigation warrants, acquire a target company or business seeking the perceived advantages of ~~Operations~~being a ~~For~~publicly held corporation. The Company’s principal business objective for the ~~Quarterly~~next 12 months and beyond such time will ~~Period~~be ~~Ended~~to ~~July~~achieve 31long-term growth potential through a combination with a business rather than immediate, ~~2012~~short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

~~Revenues.~~ The analysis of new business opportunities will be undertaken by or under the supervision of Peter Coker, the sole officer and director of the Registrant. As of this date, the Company has not entered into any definitive agreement with any party, nor have there been any specific discussions with any ~~had~~potential nobusiness ~~revenues~~combination candidate regarding business opportunities for the ~~three~~Company. ~~month~~The ~~period~~Registrant ~~ended~~has ~~July~~unrestricted ~~31,~~flexibility in ~~2012~~seeking, analyzing and ~~had~~participating noin ~~revenues~~potential ~~from~~business ~~April~~opportunities. ~~27,~~In ~~2012~~its ~~(inception)~~efforts to ~~July~~analyze 31potential acquisition targets, ~~2012.~~the Registrant will consider the following kinds of factors:

~~Operating Expenses. Operating expenses for the three month period ended July 31, 2012 totaled $9,943 resulting in~~ a ~~net loss of $9,943~~. ~~Our~~Potential ~~operating expenses~~ for ~~the three month period ended July 31~~growth, ~~2012~~indicated ~~were~~by ~~comprised~~new ~~of $6~~technology,~~825~~ ofanticipated ~~general~~market ~~and~~expansion ~~administrative~~or ~~expenses~~new ~~and $3,118 of professional fees.~~products;

~~From~~b. ~~April~~Competitive ~~27,~~position ~~2012~~as ~~(inception)~~compared to ~~July 31,~~other ~~2012,~~firms ~~the Company’s operating expenses totaled $12,807, resulting in a net loss~~ of ~~$12,807.~~similar ~~Our~~size ~~operating~~and ~~expenses~~experience ~~from April~~within ~~27,~~the ~~2012~~industry ~~(inception)~~segment toas ~~July~~well ~~31,~~as ~~2012~~within ~~were~~the ~~comprised~~industry ofas ~~$4,982~~a ~~of general and administrative expenses and $7,825 of professional fees.~~whole;

~~Liquidity and Capital Resources~~14

~~Our~~c. ~~cash~~Strength and ~~cash~~diversity ~~equivalents~~of ~~were $0 at July 31~~management, ~~2012.~~either Wein ~~will~~place ~~need~~or ~~additional~~scheduled ~~capital to continue operations~~ for the next twelve months. We intend to rely upon the issuance of common stock and loans from Peter Coker, our sole officer and director, to fund administrative expenses pending a business combination. However, Mr. Coker is under no obligation to provide such funding.recruitment;

~~Net~~d. ~~Cash~~Capital ~~Used~~requirements inand ~~Operating~~anticipated ~~Activities. Net cash~~availability of ~~$325~~required ~~was~~funds, ~~used~~to ~~for~~be ~~operating~~provided ~~activities~~by in the ~~three~~Registrant ~~month~~or ~~period~~from ~~ended July 31~~operations, ~~2012.~~through ~~From~~the ~~April~~sale ~~27,~~of ~~2012~~additional ~~(inception) to July 31~~securities, ~~2012,~~through ~~net~~joint ~~cash~~ventures ofor ~~$689~~similar ~~was~~arrangements ~~used~~or ~~for~~from ~~operating~~other ~~activities.~~sources;

~~Net~~e. ~~Cash~~The ~~Provided~~cost ~~By Financing Activities. Net cash~~ of ~~$325~~participation ~~was~~by ~~provided from financing activities in~~ the ~~three~~Registrant ~~month~~as ~~period~~compared ~~ended July 31, 2012. From April 27, 2012 (inception)~~ to ~~July~~the ~~31,~~perceived ~~2012,~~tangible ~~net~~and ~~cash~~intangible ofvalues ~~$689 was generated from financing activities. These funds consisted of general~~ and ~~administrative expenses paid by Peter Coker on behalf of the Company. This amount is recorded as related party loan payable.~~potentials;

3f. The extent to which the business opportunity can be advanced;

~~Going~~g. ~~Concern~~The accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items; and

~~The Company is in the development stage with limited operations, and has a net loss since inception of $12,807~~h. ~~The~~Other ~~Company~~relevant ~~has a negative working capital and stockholders’ deficiency of $5,307 at July 31, 2012~~factors. This raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital through stockholder loans and implement its business plan.

~~Management~~In ~~believes~~applying ~~that~~the ~~actions~~foregoing ~~presently~~criteria, no ~~being~~one ~~taken~~of which will be controlling, management will attempt to ~~obtain~~analyze ~~additional~~all ~~stockholder~~factors ~~loans~~and circumstances and ~~implement~~make ~~its~~a ~~strategic~~determination ~~plans~~based upon ~~provide~~reasonable ~~the~~investigative ~~opportunity~~measures ~~for~~and available data. Potentially available business opportunities may occur in many different industries, and at various stages of development, all of which will make the ~~Company~~task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Due to the Registrant's limited capital available for investigation, ~~continue~~the asRegistrant amay ~~going~~not ~~concern~~discover or adequately evaluate adverse facts about the opportunity to be acquired.

~~Critical~~Form ~~Accounting~~of ~~Policies~~Acquisition

~~Development~~The ~~Stage~~manner in which the Registrant participates in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the Registrant and the promoters of the opportunity, and the relative negotiating strength of the Registrant and such promoters. We do not intend to solicit prospective investors for any transaction. The Company has not commenced our efforts to locate a merger candidate and will not do so until it clears all comments with the SEC. We will rely on word of mouth to locate potential merger candidates.

~~The~~It ~~Company's~~is ~~financial~~likely ~~statements~~that ~~are~~the Registrant will acquire ~~presented~~its participation in a business opportunity through the issuance of common stock or other securities of the Registrant. Although the terms of any such transaction cannot be predicted, it should be noted that in certain circumstances the criteria for determining whether or not an acquisition is a so-called “tax free” reorganization under Section 368(a)(1) of the Internal Revenue Code of 1986, as ~~those~~amended (the “Code”) depends upon whether the owners of the acquired business own 80% or more of the voting stock of the surviving entity. If a ~~development~~transaction ~~stage~~were ~~enterprise~~structured to take advantage of these provisions rather than other “tax free” provisions provided under the Code, all prior stockholders of the Registrant would in such circumstances retain 20% or less of the total issued and outstanding shares of the surviving entity. ~~Activities~~Under ~~during~~other circumstances, depending upon the ~~development~~relative ~~stage~~negotiating ~~primarily~~strength ~~include~~of ~~equity~~the ~~based~~parties, ~~financing~~prior stockholders of the Registrant may retain substantially less than 20% of the total issued and ~~further~~outstanding ~~implementation~~shares of the ~~business~~surviving ~~plan~~entity. This could result in substantial additional dilution to the equity of those who were stockholders of the Registrant prior to such reorganization.

~~Risks~~The stockholders of the Registrant before the consummation of a reorganization transaction will likely not have control of a majority of the voting securities of the Registrant following such a transaction. As part of such a transaction, all, or a majority of, the Registrant's directors may resign and ~~Uncertainties~~one or more new directors may be appointed without any vote by stockholders.

~~The~~In ~~Company~~the ~~intends~~case toof ~~operate~~an inacquisition, anthe ~~industry~~transaction ~~that~~may isbe ~~subject~~accomplished toupon ~~rapid~~the ~~change~~sole determination of management without any vote or approval by stockholders. ~~The~~In ~~Company's~~the ~~operations~~case of a statutory merger or consolidation directly involving the Registrant, it will likely be ~~subject~~necessary to ~~significant~~call ~~risk~~a stockholders' meeting and ~~uncertainties~~obtain the ~~including~~approval ~~financial,~~of the holders of a majority of the outstanding securities. The necessity to obtain such stockholder approval may ~~operational~~result in delay and additional expense in the consummation of any proposed transaction and will also give rise to certain appraisal rights to dissenting stockholders. Most likely, ~~technological~~management will seek to structure any such transaction so as not to require stockholder approval. Regardless the number of shareholders, ~~regulatory~~we ~~and~~intend ~~other~~to ~~risks~~provide ~~associated~~our shareholders with complete disclosure concerning a ~~development~~possible ~~stage~~target ~~company~~entity and its business, including audited financial statements (if available to us) prior to any merger or acquisition. If the ~~potential~~business ~~risk~~combination is between a shell company and a private operating company whereby the registrant ceases to be a shell ofcompany, a Form 8-K that includes Items 2.01, 5.01, 5.06 and 9.01 will be filed no later than four business ~~failure~~days after the consummation of the acquisition and that the Form 8-K will also include for the private operating company all content required by a Form 10 initial registration statement.

~~Use of Estimates~~15

~~The~~It ~~preparation~~is ofanticipated ~~unaudited~~that ~~interim~~the ~~financial~~investigation ~~statements~~of inspecific ~~conformity~~business ~~with~~opportunities ~~U.S.~~and ~~generally~~the ~~accepted~~negotiation, ~~accounting~~drafting ~~principles~~and ~~requires~~execution of relevant agreements, disclosure documents and other instruments will require substantial management totime ~~make~~and ~~estimates~~attention and ~~assumptions~~substantial cost for accountants, attorneys and others. ~~that~~If ~~affect~~a ~~the~~decision ~~amounts~~is ~~reported~~made not to participate in ~~the~~a ~~unaudited~~specific ~~interim~~business ~~financial~~opportunity, ~~statements~~the ~~and~~costs ~~accompanying~~theretofore ~~notes.~~incurred ~~Such~~in ~~estimates~~the ~~and~~related ~~assumptions~~investigation ~~impact~~might not be recoverable. Furthermore, ~~among~~even ~~others~~if an agreement is reached for the participation in a specific business opportunity, the failure to consummate that transaction may result in the ~~fair~~loss ~~value~~to the Registrant of ~~share~~the ~~based~~related ~~payments~~costs incurred.

~~Making~~We ~~estimates~~are ~~requires~~in ~~management~~a tohighly competitive market for ~~exercise~~a ~~significant~~small ~~judgment~~number of business opportunities which could reduce the likelihood of consummating a successful business combination. ItWe are isand atwill ~~least~~continue ~~reasonably~~to ~~possible~~be ~~that~~an insignificant participant in the ~~estimate~~business of ~~the~~seeking ~~effect~~mergers with, joint ventures with and acquisitions of asmall ~~condition~~private and public entities. A large number of established and well-financed entities, ~~situation~~including orsmall public companies ~~set~~and venture capital firms, are active in mergers and acquisitions of ~~circumstances~~companies that ~~existed~~may atbe ~~the~~desirable ~~date~~target ofcandidates ~~the~~for us. Nearly all these entities have significantly greater financial ~~statements~~resources, ~~which~~technical ~~management~~expertise ~~considered~~and inmanagerial ~~formulating~~capabilities ~~its estimate~~than ~~could~~we ~~change~~do; inconsequently, ~~the~~we ~~near~~will ~~term~~be ~~due~~at toa ~~one~~competitive ordisadvantage ~~more~~in ~~future~~identifying ~~confirming~~possible ~~events~~business opportunities and successfully completing a business combination. ~~Accordingly,~~These competitive factors may reduce the ~~actual~~likelihood ~~results~~of ~~could~~our ~~differ~~identifying ~~significantly from~~and ~~estimates~~consummating a successful business combination.

~~Cash~~We presently have no employees apart from our management. Our officer and director is engaged in outside business activities and anticipate that they will devote to our business very limited time until the acquisition of a successful business opportunity has been identified. We expect no significant changes in the number of our employees other than such changes, if any, incident to a business combination.

~~The~~Results ~~Company~~of ~~had~~Operations noFor ~~cash~~the ~~equivalents at~~Quarterly ~~July~~Period Ended October 31, 2012.

~~Recent~~Revenues. The ~~Accounting~~Company had ~~Pronouncements~~no revenues for the six month period ended October 31, 2012, and had no revenues from April 27, 2012 (inception) to October 31, 2012.

~~There~~Operating ~~are~~Expenses. noOperating ~~recent~~expenses for ~~accounting~~the ~~pronouncements that~~three ~~are~~and ~~expected~~six tomonth ~~have~~periods anended ~~effect~~October on31, 2012 totaled $5,407 and 15,350, respectively, resulting in net loss of $5,407 and 15,350, respectively. Our operating expenses for the ~~Company’s~~three ~~financial~~and ~~statements~~six month periods ended October 31, 2012 were comprised of $2,500 and $9,325, respectively, of general and administrative expenses and $2,907 and $6,025 of professional fees.

~~Off~~From ~~Balance~~April ~~Sheet~~27, ~~Arrangements~~2012 (inception) to October 31, 2012, the Company’s operating expenses totaled $18,214, resulting in a net loss of $18,214. Our operating expenses from April 27, 2012 (inception) to October 31, 2012 were comprised of $10,325 of general and administrative expenses and $7,889 of professional fees.

~~None.~~Liquidity and Capital Resources

~~Item~~Our 3cash and cash equivalents were $0 at October 31, 2012.~~Quantitative~~ We will need additional capital to continue operations for the next twelve months. We intend to rely upon the issuance of common stock and ~~Qualitative~~loans ~~Disclosures~~from ~~about~~Peter ~~Market~~Coker, ~~Risk~~our sole officer and director, to fund administrative expenses pending a business combination. However, Mr. Coker is under no obligation to provide such funding.

~~Buncombe,~~Net ~~Inc~~Cash Used in Operating Activities. Net cash isof a$1,825 ~~smaller~~was ~~reporting~~used ~~company~~for ~~and~~operating isactivities ~~therefore not~~in ~~required~~the six month period ended October 31, 2012. From April 27, 2012 (inception) to ~~provide~~October ~~this~~31, ~~information~~2012, net cash of $2,189 was used for operating activities.

4Net Cash Provided By Financing Activities. Net cash of $1,825 was provided from financing activities in the six month period ended October 31, 2012. From April 27, 2012 (inception) to October 31, 2012, net cash of $2,189 was generated from financing activities. These funds consisted of general and administrative expenses paid by Peter Coker on behalf of the Company. This amount is recorded as related party loan payable.

~~Item 4.Controls and Procedures.~~16

~~Disclosure~~Going ~~Controls and Procedures.~~Concern

WeThe ~~carried~~Company ~~out~~is anin ~~evaluation, under~~ the ~~supervision~~ ~~and~~development stage with ~~the~~limited ~~participation of our management~~operations, ~~including our chief executive officer~~ and ~~chief~~has ~~financial~~a ~~officer,~~net ~~of the~~loss ~~effectiveness~~since ofinception ~~the design and operation~~ of ~~our~~$18,214. ~~disclosure~~The ~~controls~~Company ~~and~~has ~~procedures,~~a asnegative ~~defined~~working incapital ~~Rules 13a-15(e)~~ and ~~15d-15(e)~~stockholders’ ~~under~~deficiency ~~the Securities Exchange Act~~ of ~~1934~~$8,214 asat ~~amended~~October ~~(the~~31, ~~‘‘Exchange Act’’)~~2012. ~~Disclosure~~This ~~controls~~raises ~~and~~substantial ~~procedures include,~~doubt ~~without~~about ~~limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in~~ the ~~reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer~~Company’s ~~management, including~~ability ~~its principal~~to ~~executive~~continue ~~and principal financial officers, or persons performing similar functions,~~ as ~~appropriate~~ toa ~~allow timely decisions regarding required disclosure~~going concern. ~~Based~~The ~~upon~~ability ~~our evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective, as~~ of ~~July~~the ~~31,~~Company ~~2012, in ensuring that material information that we are required~~ to ~~disclose~~continue inas ~~reports~~a ~~that~~going weconcern ~~file~~is ordependent ~~submit~~on ~~under~~ the ~~Exchange~~Company’s ~~Act~~ability isto ~~recorded,~~raise ~~processed,~~additional ~~summarized~~capital ~~and~~through ~~reported~~stockholder ~~within~~loans ~~the time periods specified in the Securities~~ and ~~Exchange~~implement ~~Commission~~its ~~rules~~business ~~and forms~~plan.

~~Changes~~Management inbelieves ~~Internal~~that ~~Control~~actions ~~over~~presently being ~~Financial~~taken ~~Reporting~~to obtain additional stockholder loans and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

~~There~~Critical ~~were~~Accounting no changes in our system of internal controls over financial reporting during the period covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.Policies

5Development Stage

~~PART~~The IICompany's –financial ~~OTHER~~statements ~~INFORMATION~~are presented as those of a development stage enterprise. Activities during the development stage primarily include equity based financing and further implementation of the business plan.

~~ITEM~~Risks ~~1.LEGAL~~and ~~PROCEEDINGS.~~Uncertainties

~~From~~The ~~time~~Company intends to ~~time,~~operate wein ~~may~~an ~~become involved~~industry inthat ~~various lawsuits and legal proceedings, which arise, in the ordinary course of business. However, litigation~~ is subject to ~~inherent uncertainties,~~rapid ~~and~~change. anThe ~~adverse~~Company's ~~result~~operations inwill ~~these~~be orsubject ~~other matters may arise from time~~ to ~~time~~significant ~~that~~risk ~~may~~and ~~harm~~uncertainties ~~our~~including ~~business. We are currently~~financial, ~~not~~operational, ~~aware~~technological, ofregulatory ~~any~~and ~~such~~other ~~legal~~risks ~~proceedings~~associated orwith ~~claims that we believe will have~~ a ~~material~~development ~~adverse~~stage ~~effect~~company, onincluding ~~our~~the ~~business,~~potential ~~financial~~risk ~~condition~~of orbusiness ~~operating results~~failure.

Use of Estimates

The preparation of unaudited interim financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the unaudited interim financial statements and accompanying notes. Such estimates and assumptions impact, among others, the fair value of share based payments.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

Cash

The Company had no cash or cash equivalents at October 31, 2012.

Recent Accounting Pronouncements

There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

Off Balance Sheet Arrangements

None.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Buncombe, Inc. is a smaller reporting company and is therefore not required to provide this information.

ITEM 4. CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures.

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 defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the ‘‘Exchange Act’’). Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based upon our evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective, as of October 31, 2012, in ensuring that material information that we are required to disclose in 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 rules and forms.

Changes in Internal Control over Financial Reporting.

There were no changes in our system of internal controls over financial reporting during the period covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not Applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) Exhibits

Exhibit Number		Description
31.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS **		XBRL Instance Document
101.SCH **		XBRL Taxonomy Schema
101.CAL **		XBRL Taxonomy Calculation Linkbase
101.DEF **		XBRL Taxonomy Definition Linkbase
101.LAB **		XBRL Taxonomy Label Linkbase
101.PRE **		XBRL Taxonomy Presentation Linkbase

* In accordance with SEC Release 33-8238, Exhibit 32.1 is furnished and not filed.

** Furnished herewith. XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

Pursuant to the requirements 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.

	BUNCOMBE, INC.
Date: October 12, 2012	By:	/s/ Peter Coker
Date: December 14, 2012	By:	/s/ Peter Coker
		Peter Coker, President
		Chief Executive Officer (Principal Executive Officer and Principal Financial Officer) and Director
		Chief Executive Officer
		(Principal Executive Officer and Principal Financial Officer) and Director

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