UNITED STATES


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[X]QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
for the quarterly period endedMarch 31, 2008

[ ]TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
for the transition period from _____to _____

U.S. 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 quarter ended March 31, 2009

[   ]  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:000-52152

COLOURED (US) INC.No. 000-52140


(Name of issuer as specified in its charter)

NEVADAN/A
Coloured (US) Inc.
(Name of small business issuer in its charter)
Nevada
(State or other jurisdiction of incorporation
or organization)
n/a
(IRSI.R.S. Employer Identification No.)
organization)      
Suite 3.19, 130 Shaftesbury Avenue
London, England WID SEU
 (Address of principal executive offices)
+44 (0) 20 7031 1189
(Issuer’s telephone number)
n/a
(Address of prior principal executive offices if changed from last filing)
Securities registered pursuant to Section
12(b) of the Act:
Name of each exchange on which
registered:
None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $0.001
(Title of Class)

Suite 3.19, 130 Shaftesbury Avenue, London, England WID 5EU

with a copy to:
(Address of principal executive offices)
+44 (0) 20 7031 1189
Issuer's telephone number
Diane D. Dalmy
Attorney at Law
8965 W. Cornell Place
Lakewood, Colorado 80227
(Telephone) 303.985.9324
(Fax) 303.988.6954
Indicate by check markcheckmark whether the registrantissuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes[X] [X ]   No[    ]

1
Indicate by check mark whether the registrant is a large accelerated filer,filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large

Large accelerated filer” “accelerated [  ]     Accelerated filer” “non-accelerated [   ]
Non-accelerated filer” and “smaller [   ]      Smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]Accelerated filer [ ]
Non-accelerated filer [ ]Smaller reporting company [X]
(Do not check if a smaller reporting company)

company [X]

Indicate by check markcheckmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [X]  No [  ]
Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A
Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes[X]  No[   ]

Applicable Only to Corporate Registrants
Indicate the number of shares outstanding of each of the issuer'sissuer’s classes of common stock, as of the latestmost practicable date.38,648,660 sharesdate:
ClassOutstanding as of  May 11, 2009
Common Stock, $0.00173,494,610

2

FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding our capital needs, business plans and expectations. Such forward-looking statements involve risk and uncertainty regarding our ability to achieve commercial levels of sales of our Coloured Mobile Games, our ability to successfully market our Coloured Mobile Games, our ability to continue development and upgrades to the Coloured Mobile Games and our mobile games technology, availability of funds, government regulations, common share prices, operating costs, capital costs and other factors. Forward-looking statements are made, without limitation, in relation to our operating plans, our liquidity and financial condition, availability of funds, operating costs and the market in which we compete. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined below, and, from time to time, in other reports we file with the SEC. These factors may cause our actual results to differ materially from any forward-looking statement. We disclaim any obligation to publicly update these statements, or disclose any difference between our actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

ii


COLOURED (US) INC.

Form 10-Q

Part 1   FINANCIAL INFORMATIONPage
 
Quarterly Report On Form 10-Q
For The Quarterly Period Ended
Item 1
March 31, 2008Financial Statements 4
   
INDEX

PART I – FINANCIAL INFORMATION   Balance Sheets1 4
      Item 1.Financial   Statements of Operations1 5
   Statements of Cash Flows 6
   Notes to Financial Statements 7
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations2 12
Item 3.
Quantitative and Qualitative Disclosures About Market Risk820
Item 4.
Controls and Procedures820 
PART II – OTHER INFORMATION9
   Item 1.Part II.Legal ProceedingsOTHER INFORMATION9
   Item 1A.Risk Factors9
Item 1
Legal Proceedings22 
Item 1A   Risk Factors
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds922 
Item 3.3
Defaults Upon Senior Securities922 
Item 4.4
Submission of Matters to a Vote of SecuritiesSecurity Holders922 
   Item 5.Other Information9
Item 6.5
ExhibitsOther Information22 
9Item 6
Exhibits22 

iii


PART I – FINANCIAL INFORMATION

Item 1.Financial Statements

The following unaudited consolidated financial statements

ITEM 1. FINANCIAL STATEMENTS

Coloured (US) Inc. 
(A Development Stage Company) 
Consolidated Balance Sheets 
UNAUDITED 
       
  As of  As of 
  March 31, 2009  September 30, 2008 
ASSETS      
Current Assets      
Cash of Continuing Operations  $5,146   $21,181 
Cash of Discontinued Operations  6,930   6,930 
Total Cash  12,076   28,111 
Loans Receivable  3,030     
Other current assets - Discontinued Operations  -   - 
Total Current Assets  15,106   28,111 
         
Rights and Technology  $-   $- 
TOTAL ASSETS  15,106   28,111 
         
LIABILITIES        
Current Liabilities        
Accounts payable  $5,036   $2,835 
Accrued liabilities  2,250   3,500 
Accrued interest on promissory notes  1,438   3,108 
Due to related parties  7,786   0 
Current Liabilities of Discontinued  Operations  310,396   310,396 
Total Current Liabilities  326,905   319,840 
         
Long Term Liabilities        
Loans Payable  30,000   62,425 
Total Long Term Liabilites  30,000   62,425 
         
STOCKHOLDERS’ EQUITY        
Preferred Stock        
Authorized:  5,000,000 shares with $0.001 par value. Issued: Nil  -   - 
Common Stock        
Authorized: 100,000,000 common shares with $0.001 par value        
Issued:  73,494,610 (March 31, 2009)                                         73,495   38,649 
                  38,648,660 (September 30, 2008)
Additional paid-in capital  3,663,710   3,663,710 
Accumulated Other Comprehensive Income (Loss)  (19,063)  (19,063)
Deficit - Accumulated during the development stage  (4,059,940)  (4,037,449)
   (341,799)  (354,153)
   $15,106   $28,111 
         
The accompanying notes are an integral part of these consolidated financials statements. 

Coloured (US) Inc. 
(A Development Stage Company) 
Consolidated Statements of Operations 
UNAUDITED 
              Cumulative 
       From 
              Incorporation 
  For the Three Months  For the Three Months  For the Six Months  For the Six Months  May 2, 2003 
  Ended  Ended  Ended  Ended  to 
  March 31, 2009  March 31, 2008  March 31, 2009  March 31, 2008  March 31, 2009 
                
General and Administrative Expenses               
Accounting and auditing  2,625   21,811   9,675   29,843   252,968 
Amortization & Depreciation  -   636   -   3,364   28,403 
Bank Charges  23   -   156   -   232 
Consulting fees  -   29,927   -   60,604   201,068 
Filing fees, net of recovery  -   2,612   -   2,980   12,943 
Intellectual properties  -   -   -   -   3,000,000 
Investor relations  -   -   -   -   18,250 
Legal  750   6,575   10,000   28,565   139,793 
Transfer agent fees  1,700   357   1,911   357   7,508 
Total General and Administrative Expenses  5,098   61,918   21,741   125,712   3,661,164 
   (5,098)  (61,918)  (21,741)  (125,712)  (3,661,164)
Income (loss) from Continuing Operations
Income (loss) from Discontinued Operations  -   (4,150)  -   (8,445)  (394,753)
Other Income (Expense)                    
Gain on settlement of debt  -   -   -   20,144   20,144 
Foreign exchange gain (loss)      (1,428)      (168)  (12,027)
Interest expense  (375)  (2,845)  (750)  (3,361)  (12,141)
Provision for income taxes  -   -   -   -   - 
Loss for the period  $(5,473)  $(70,341)  (22,491)  $(117,542)  $(4,059,941)
                     
Comprehensive Loss                    
Net Loss  (5,473)  (70,341)  (22,491)  (117,542)  (4,059,941)
Gain (loss) on foreign exchange translation  -   (316)  -   (5,357)  (19,063)
Total Comprehensive Loss  (5,473)  (70,657)  (22,491)  (122,899)  (4,079,004)
Loss per Share – Basic and Diluted  $0.00   $(0.00)  0.00   $(0.00)    
Weighted Average Shares Outstanding  73,494,610   34,692,616   59,709,399   32,659,589     
       
The accompanying notes are an integral part of these consolidated financials statements. 

Table of Contents

COLOURED (US) INC.

(A Development Stage Company)

CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2008

(Unaudited)

CONSOLIDATED BALANCE SHEETS
CONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF CASH FLOWS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

F-1

5
Coloured (US) Inc. 
(A Development Stage Company) 
Consolidated Statements of Cash Flow 
UNAUDITED 
  For the Six Months  For the Six Months  Cumulative from Incorpration 
  Ending  Ending  May 2, 2003 to 
  March 31, 2009  March 31, 2008  March 31, 2009 
Operating Activities         
Net Loss  $(22,491)  $(117,542)  $(4,059,941)
Items not involving cash:            
Amortization and Depreciation  -   -   30,502 
Gain on settlement of debt  -   -   (20,144)
Interest accrued on promissory notes  (1,671)  813   3,067 
Shares issued for debt settlement  34,846   -   34,846 
Shares for consulting services  -   -   13,066 
Shares for intellectual properties  -   -   3,000,000 
Changes in non-cash working capital items:            
Loans Receivable  (3,030)  -   (3,030)
Prepaid expenses  -   2,624   - 
Accounts payable  2,201   (105,337)  5,036 
Accrued liabilities  (1,250)  (17,387)  (9,585)
Effects of current assets in discontinued operation  -   -   - 
Effects of accounts payable in discontinued operation  -   3,208   - 
Effects of accrued liabilities in discontinued operations  -   -   - 
Effects of amounts owing to related parties in discontinued operations  -   66,312   537,262 
Net cash flows provided by (used in) operations  8,604   (167,309)  (468,921)
             
Investing Activities            
Acquisition of rights and technology  -   5,463   (28,403)
Cash acquired in purchase of Emcor Holdings Inc.  -       127,705 
Net cash flows from investing activities  0   5463   99,302 
             
Financing Activities            
Loan repayments  (32,425)  -   (32,425)
Loan borrowings  -       62,425 
Due to related parties  7,786   -   7,786 
Convertible promissory note  -   -   1,000 
Share issuances for cash  -   200,000   364,072 
Net cash flows from financing activities  (24,639)  200,000   402,858 
             
Effects of foreign translation on rights and technology  -   -   (2,099)
Effect of foreign rate changes on cash  -   (5,357)  (19,063)
   0   (5,357)  (21,162)
             
Change in Cash  (16,035)  32,797   12,076 
Cash - Beginning  28,111   6,311   - 
Cash - Ending  $12,076   $39,108   $12,076 
Supplemental Cash Flow Information            
   Cash paid for:            
     Income Taxes  $-   $-   $- 
     Interest Paid  $-   $-   $(95)
             
The accompanying notes are an integral part of these consolidated financials statements. 


Coloured (US) Inc.
(Formerly Emcor Holdings Inc.)
(A Development Stage Company)
Consolidated Balance Sheets

  March 31,  September 30, 
  2008  2007 
ASSETS (Unaudited)  (Audited) 
Current      
 Cash$39,108 $ 6,311 
 VAT receivable -  403 
 Prepaids -  2,624 
  39,108  9,338 
       
Rights and Technology, net -  5,463 
 $39,108 $ 14,801 
       
       
LIABILITIES      
Current      
 Accounts payable$24,908 $ 130,245 
 Accrued liabilities 24,084  40,658 
 VAT payable 2,805  - 
 Due to related parties(Note 2) 268,656  202,344 
  320,453  373,247 
       
Loan Payable(Note 3) 32,425  32,425 
       
STOCKHOLDERS’ DEFICIENCY      
Capital Stock(Note 4)      
 Common Stock      
     Authorized: 100,000,000 shares with $0.001 par value      
     Issued: 38,648,660 (September 30, 2007 – 30,648,660) 38,649  30,649 
     Additional paid-in capital 3,663,710  3,471,710 
 Preferred stock      
     Authorized: 5,000,000 shares with $0.001 par value      
     Issued: Nil -  - 
Accumulated Other Comprehensive Loss (26,169) (20,812)
Deficit– Accumulated during the development stage (3,989,960) (3,872,418)
  (313,770) (390,871)
 $39,108 $ 14,801 

Contingency(Note 1)
Commitment(Note 5)

The accompanying notes are an integral part of these consolidated financial statements

F-2


Coloured (US) Inc.
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)

              Cumulative 
              From 
  For Three  For Three  For Six  For Six  Incorporation 
  Months  Months  Months  Months  May 2, 2003 
  Ended  Ended  Ended  Ended  To 
  March 31,  March 31,  March 31,  March 31,  March 31, 
  2008  2007  2008  2007  2008 
General and               
Administrative Expenses               
   Accounting and auditing$ 22,564 $ 16,942 $ 31,822 $ 44,165 $ 324,170 
   Advertising -  -  -  -  1,890 
   Amortization 636  2,548  3,364  5,159  28,403 
   Consulting fees 29,983  33,445  60,660  66,510  285,422 
   Filing feesnet of recovery 2,612  1,643  2,980  (2,562) 12,568 
   Information technology 260  2,488  260  2,488  23,608 
   Intellectual properties -  -  -  -  3,000,000 
   Investor relations -  18,250  -  18,250  18,250 
   Legal 6,575  2,328  28,565  4,834  126,539 
   Office and miscellaneous -  -  -  -  5,135 
   Rent 2,968  2,931  6,036  5,805  50,617 
   Salaries and wages -  -  -  -  104,196 
   Transfer agent fees 357  125  357  235  2,762 
   Travelnet of recovery 113  (557) 113  -  6,361 
Total General and               
Administrative Expenses 66,068  80,143  134,157  144,884  3,989,921 
                
Loss from Operations (66,068) (80,143) (134,157) (144,884) (3,989,921)
                
Other Income (Expense)               
   Gain on settlement of debt               
  -  -  20,144  -  20,144 
   Interest expense (2,845) (166) (3,361) (530) (10,841)
   Foreign exchange gain               
   (loss) (1,428) 6  (168) (2) (9,556)
   Miscellaneous income -  (62) -  -  214 
                
Loss for the Period$ (70,341)$ (80,365)$ (117,542)$ (145,416)$ (3,989,960)
                
Loss per Share – Basic               
and Diluted$ (0.00)$ (0.00)$ (0.00)$ (0.00)   
                
Weighted Average Shares               
Outstanding 34,692,616  30,623,660  32,659,589  30,623,660    
                
Comprehensive Loss:               
     Net loss$ (70,341)$ (80,365)$ (117,542)$ (145,416)$ (3,989,960)
     Foreign currency               
   translation adjustment (316) 7,391  (5,357) 4,338  (26,169)
                
                
Total Comprehensive Loss$(70,657)$(72,974)$ (122,899)$ (141,078)$ (4,016,129)

The accompanying notes are an integral part of these consolidated financial statements

F-3


Coloured (US) Inc.
(A Development Stage Company)
Consolidated Statements of Cash Flows
(Unaudited)

        Cumulative 
        From 
        Incorporation 
  For Six  For Six  May 2, 2003 
  Months Ended  Months Ended  to 
  March 31,  March 31,  March 31, 
  2008  2007  2008 
Operating         
   Net Loss$ (117,542)$ (145,416)$ (3,989,960)
   Items not involving an outlay of cash:         
       Amortization 3,364  5,159  28,403 
       Gain on settlement of debt (20,144) -  (20,144)
       Interest accrued on promissory notes -  -  2,429 
       Shares for consulting services -  -  13,066 
       Shares for intellectual properties -  -  3,000,000 
   Changes in non-cash working capital items:    -    
       Accounts receivable -  509  - 
       VAT receivable and payable 3,208  893  2,805 
       Prepaids 2,624  (3,518) - 
       Accounts payable (85,193) 75,115  45,052 
       Accrued liabilities (16,574) 2,105  11,449 
       Amounts due to related parties 66,312  66,982  268,656 
Net cash flows provided by (used in)         
       operations (163,945) 1,829  (638,244)
Investing         
 Acquisition of rights and technology -  -  (28,403)
 Cash acquired on purchase of Emcor Holdings         
         Inc. -  -  127,705 
Net cash flows from investing activities -  -  99,302 
Financing         
   Loan from related party -  -  206,722 
   Loan proceeds -  -  32,425 
   Convertible promissory note -  -  1,000 
   Share issuances for cash 200,000  -  364,072 
Net cash flows from financing activities 200,000  -  604,219 
Effect of exchange rate changes         
   Effect of foreign currency translation on rights         
       and technology 2,099  (357) - 
   Effect of exchange rate changes on cash (5,357) (3,624) (26,169)
  (3,258) (3,981) (26,169)
Change in Cash 32,797  (2,152) 39,108 
Cash – Beginning 6,311  6,695  - 
Cash – Ending$ 39,108 $ 4,543 $ 39,108 
Supplemental Cash Flow Information
   Cash paid for:
     Income Taxes$ -$ -$ -
     Interest Paid$ -$$ -$ -

The accompanying notes are an integral part of these consolidated financial statements

F-4


Coloured (US) Inc.
(A Development Stage Company)
Notes to Consolidated Financial Statements
March 31, 20082009
(Unaudited)
 
1. Basis of Presentation
Organization

Coloured (US) Inc. (the “Company” or "Emcor") was incorporated on April 5, 2005 under the laws of the State of Nevada, under the name of Emcor Holdings Inc. Effective September 30, 2005, the Company completed a Share Exchange Agreement (“Agreement”) with Coloured Industry Limited (“Coloured”). Coloured, a technology and marketing company headquartered in London, England, was incorporated on May 2, 2003. Pursuant to the Agreement, the Company agreed to issue to the shareholders of Coloured 12,000,000 common shares in exchange for 100% of the issued and outstanding shares of Coloured. On September 30, 2005, Coloured complete the reverse acquisition under a Stock Exchange Agreement (“RTO”) with Emcor. Immediately before the date of the RTO, Emcor had 100,000,000 shares authorized and 5,667,660 shares of common stock issued and outstanding. Pursuant to the RTO, all of the 2,087,000 issued and outstanding shares of common stock of Coloured were exchanged for 12,000,000 shares of Emcor, on an approximately 5.75 to 1 basis. The transaction was accounted for as a recapitalization of the Company. On December 8, 2005, the Company changed its name to Coloured (US) Inc. The accompanying financial statements are the historical financial statements of Coloured.

Effective July 1, 2008, the Company wound up Coloured Industry Limited, the UK Subsidiary. The Company does not currently have any ongoing business operations. The historical results of the wound-up subsidiary have been reclassified as discontinued operations in these financial statements.  This wind-up is described in more detail in Note 6.

Unaudited Interim Consolidated Financial Statements

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with United States generally accepted accounting principals for interim financial information and with the instructions to Form 10-Q of Regulation S-B.  They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements.  However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended September 30, 2008 included in the Company’s 10-K filed with the Securities and Exchange Commission.  The unaudited interim consolidated financial statements should be read in conjunction with those consolidated financial statements included in the 10-K.  In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made.  Operating results for the three and six months ended March 31, 2009 are not necessarily indicative of the results that may be expected for the year ending September 30, 2009.

1.2.

Significant Accounting Policies

The following is a summary of significant accounting policies used in the preparation of these financial statements.
a)Basis of Presentation

Consolidation
  These consolidated financial statements have reclassified the accounts of Coloured Industry Limited since its incorporation on May 3, 2003 as discontinued operations.

Going Concern and Liquidity Considerations

b)		Use of Estimates
  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and disclosure of contingent assets and liabilities. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results could vary materially from management’s estimates and assumptions.

c)

Development Stage Company
The Company is a development stage company as defined by SFAS No. 7. The Company is devoting substantially all of its present efforts to establish a new business. All losses accumulated since inception have been considered as part of the Company’s development stage activities.
d)Foreign Currency Translations
The Company’s reporting currency is the U.S. dollar. All transactions initiated in other currencies are re-measured into the reporting currency as follows:
·Assets and liabilities at the rate of exchange in effect at the balance sheet date,
·Equity at historical rates, and
·Revenue and expense items at the prevailing rate on the date of the transaction.
Translation adjustments resulting from translation of balances are accumulated as a separate component of shareholders’ equity and reported as a component of comprehensive income or loss.
e)Income Taxes
Income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets when it is more likely than not that such assets will not be recovered.
f)Fair Value of Financial Instruments
The Company’s financial instruments consist of cash, accounts receivable, accounts payable, accrued liabilities and amounts due to related parties. Unless otherwise noted, it is management’s opinion that this Company is not exposed to significant interest or credit risks arising from these financial instruments. The fair value of these financial instruments approximate their carrying values, unless otherwise noted.

g)Segment Reporting
SFAS No. 131, "Disclosures about Segments of an Enterprise and Related Information,” changed the way public companies report information about segments of their business in their quarterly reports issued to stockholders. It also requires entity-wide disclosures about the products and services an entity provides, the material countries in which it holds assets and reports revenues and its major customers. The Company currently operates in two segments, Western Europe and United States.
h)Stock-Based Compensation
Effective January 1, 2006, the Company adopted the provisions of Statement of Financial Accounting Standards (“SFAS”) No. 123(R), “Share-Based Payment”, which establishes accounting for equity instruments exchanged for employee services. Under the provisions of SFAS 123(R), stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employees’ requisite service period (generally the vesting period of the equity grant). Before January 1, 2006, the Company accounted for stock-based compensation to employees in accordance with Accounting Principles Board Opinion No. 25, “Accounting for Stock Issued to Employees,” and complied with the disclosure requirements of SFAS No. 123, “Accounting for Stock-Based Compensation”.
The Company adopted FAS 123(R) using the modified prospective method, which requires the Company to record compensation expense over the vesting period for all awards granted after the date of adoption, and for the unvested portion of previously granted awards that remain outstanding at the date of adoption. As the Company had no invested stock options outstanding on the adoption date the financial statements for the periods prior to January 1, 2006 have not been restated to reflect the fair value method of expensing share-based compensation. Adoption of SFAS No. 123(R) does not change the way the Company accounts for share-based payments to non-employees, with guidance provided by SFAS 123 (as originally issued) and Emerging Issues Task Force Issue No. 96-18, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services”.
i)Comprehensive Income
SFAS No. 130, "Reporting Comprehensive Income," establishes standards for reporting and display of comprehensive income and its components in a full set of general-purpose financial statements. At March 31, 2009, comprehensive loss consisted of the net loss for the period and foreign currency translation adjustments.
j)Loss per Share
The Company computes net loss per share in accordance with SFAS No. 128, “Earnings per Share”, which requires presentation of both basic and diluted loss per share (“LPS”) on the face of the statement of operations. Basic LPS is computed by dividing the net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted LPS gives effect to all potentially dilutive common shares outstanding including convertible debt, stock options and share purchase warrants, using the treasury stock method. The computation of diluted LPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on LPS. The diluted LPS equals the basic LPS since the potentially dilutive securities are anti-dilutive.
k)Recently Adopted Accounting Standards
In February 2007, the Financial Accounting Standards Board (the “FASB”) issued Statement of Financial Accounting Standards (“SFAS”) 159, “The Fair Value Option for Financial Assets and Financial Liabilities” (“SFAS 159”). SFAS 159 allows the Company to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. SFAS 159 is effective for fiscal years beginning after November 15, 2007. The adoption of SFAS 158 is not expected to have a material impact on the Company’s financial position, results of operation or cash flows.

In December 2007, the FASB issued SFAS No. 160, “Non-controlling Interests in Consolidated Financial Statements”. This Statement amends ARB 51 to establish accounting and reporting standards for the non-controlling (minority) interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a non-controlling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. The Company has not yet determined the impact, if any, that SFAS No. 160 will have on its consolidated financial statements. SFAS No. 160 is effective for the Company’s fiscal year beginning October 1, 2009.
In December 2007, the FASB issued SFAS 141R, Business Combinations. SFAS 141R replaces SFAS 141. The statement retains the purchase method of accounting for acquisitions, but requires a number of changes, including changes in the way assets and liabilities are recognized in the purchase accounting. It changes the recognition of assets acquired and liabilities assumed arising from contingencies, requires the capitalization of in-process research and development at fair value, and requires the expensing of acquisition-related costs as incurred. The statement will apply prospectively to business combinations occurring in the Comapnys fiscal year beginning October 1, 2009. We are evaluating the impact adopting SFAS 141R will have on our financial statements.
3.Advertising and Promotion
The Company did not engage in any advertising or promotional activity for the three months ended March 31, 2009.
4.Rights and Technology
The Company has a software licence for the mobile platform known as ARTE. The Company amortizes the software on a straight-line basis over the estimated useful life of three years. At March 31, 2009, the software was fully amortized
5.Loans Payable
a)
On July 1, 2007, the Company entered into a formal loan agreement with Karada Ltd., an unrelated third party, for debt financing. The loan is a draw down facility which is unsecured and available in minimum traunches of $5,000 up to a maximum of $250,000 bearing interest at a rate of 5% per annum calculated monthly, for a period of five years ending July 1, 2012. The loan is due on demand after the maturity date. In the event of a default, the interest rate increases to 10% per annum calculated monthly.
On December 12, 2008, shares were issued to Karada Ltd. in full and final settlement of the outstanding balance of $32,425 and accrued interest in the amount of $2,421.
b)
On April 15, 2008, the Company entered into a formal loan agreement with Green Shoe Investments Ltd., an unrelated third party, for debt financing. The loan was for $ 30,000 bearing interest at a rate of 5% per annum calculated monthly, for a period of one year ending April 15, 2009. The loan is due on demand after the maturity date.
At March 31, 2009, interest in the amount of $1,438 was accrued.

6.  Wind-up of UK Subsidiary

Because the Company has had a history of accumulating debt through its UK subsidiary, the Company’s Board of Directors determined that it was in the best interests of the Company to wind-up the UK subsidiary.  An effective date of July 1, 2008 was set by the Board.

The following table summarizes the net assets disposed of and accounted for in these financials as discontinued operations:
Assets  
Cash     6,930
Total Assets Disposed of$6,930
   
Liabilities  
Accounts Payable 6,000
Taxes Payable 2,805
Due to related parties 301,591
Total Liabilities disposed of$310,396
   
Net Liabilities disposed of$303,466
   
7.Capital Stock
The Company’s capitalization is 100,000,000 common shares with a par value of $0.001 per share and 5,000,000 preferred shares with a par value of $0.001.
a)
All share information presented in these financial statements relating to share transactions taking place prior to September 30, 2005 has been, restated to reflect the approximately 5.75 to 1 ratio based upon the 12,000,000 shares issued on September 30, 2005 to acquire the shares of Coloured (Note 1).
b)During the year ended September 30, 2004, the Company split its stock on a 100 new for 1 old basis.
c)
On November 7, 2007, the Company received $200,000 as total cash consideration for the purchase of 4,000,000 units, each unit consisting of one common share and a warrant to acquire one additional common share for $0.05 per share by November 7, 2009. On December 17, 2007, the Company amended the terms of the above offering to increase the number of units to 8,000,000 and reduce the price to $0.025. The new expiry date of the warrants is December 17, 2009. On February 14, 2008, these shares were issued.
There were 8,000,000 warrants and no stock options outstanding as at March 31, 2009.
8.Going Concern
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As at March 31, 2008,2009, the Company has a working capital deficiency of $281,345, an accumulated deficit of $3,989,960$4,079,004 and has incurred an accumulated operating cash flow deficit of $638,244$468,921 since incorporation. The Company intends to fundcontinue funding operations through future sales and equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next fiscal year.

Thereafter, the Company will be required to seek additional funds, either through sales and/or equity financing, to finance its long-term operations. The successful outcome of future activities cannot be determined at this time, and there is no assurance that, if achieved, the Company will have sufficient funds to execute its intended business plan or generate positive operating results. In response to these conditions, management intends to raise additional funds through future private placement offerings.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

9.Subsequent Event
 

Unaudited Interim Consolidated Financial Statements

The accompanying unaudited interim consolidated financial statementsThere are no subsequent events expected to have been prepared in accordance with generally accepted accounting principals for interim financial information and witha material affect on the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financialpresentation of these financials statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the consolidated financial statements for the year ended September 30, 2007 included in the Company’s report on Form 10-KSB filed with the Securities and Exchange Commission. The interim unaudited consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-KSB. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the six months ended March 31, 2008 are not necessarily indicative of the results that may be expected for the year ending September 30, 2008.

F-5


FORWARD LOOKING STATEMENTS

Coloured (US) Inc.
(A Development Stage Company)
Notes to Consolidated Financial Statements
March 31, 2008
(Unaudited)

2.Related Party Balances and Transactions

Related party transactions

Statements made in this Form 10-Q that are not disclosed elsewherehistorical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in these financialthe future. However, forward-looking statements are as follows:

a)

The amounts due to related parties of $268,656 (September 30, 2007 - $202,344) are non-interest bearing and due on demand. Included in amounts due to related parties are $27,620 (September 30, 2007 - $28,348) owing to a corporate shareholder, $1,465 (September 30, 2007 - $100) owing to the Managing Director, $7,723 (September 30, 2007 - $7,927) and $32,919 (September 30, 2007 - $27,644) owing to two separate companies with directors in common with a corporate shareholder of the Company, and $198,929 (September 30, 2007 - $138,325) owing to a company with an officer in common with a corporate shareholder of the Company.

b)

During the six months ended March 31, 2008, the Company paid or accrued the following fees:

i)

$6,036 (March 31, 2007 - $5,805) for rent to a company with a director in common with a corporate shareholder of the Company; and

ii)

$60,604 (March 31, 2007 - $58,825) for consulting services to a company with an officer in common with a corporate shareholder of the Company.

The above transactions, occurring in the normal course of operations, are measured at the exchange amount, which is the amount of consideration establishedsubject to risks, uncertainties and agreedimportant factors beyond our control that could cause actual results and events to by the related parties.

3.Loan Payable

On July 1, 2007, the Company entered into a formal loan agreement with Karada Ltd. (“Karada”), an unrelated third party, for debt financing. The loan is a draw down facility which is unsecured and available in minimum tranches of $5,000 up to a maximum of $250,000 bearing interest at a rate of 5% per annum calculated monthly, for a period of five years ending July 1, 2012. The loan is due on demand after the maturity date. In the event of a default, the interest rate increases to 10% per annum calculated monthly. In addition, a lending fee of $1,000 will be applied to the balance owing and due on the maturity date.

As at March 31, 2008, the loan balance was $32,425 (September 30, 2007 - $32,425).

4.Capital Stock

The Company’s capitalization is 100,000,000 common shares with a par value of $0.001 per share and 5,000,000 preferred shares with a par value of $0.001 per share.

On November 7, 2007, the Company received $200,000 as total cash consideration for the purchase of 4,000,000 units, each unit consisting of one common share and a warrant to acquire one additional common share for $0.05 per share by November 7, 2009. On December 17, 2007, the Company amended the terms of the above offering to increase the number of units to 8,000,000 and reduce the price to $0.025. The new expiry date of the warrants is December 17, 2009. On February 14, 2008, these shares were issued.

There were 8,000,000 warrants and no stock options outstanding as at March 31, 2008.

F-6


Coloured (US) Inc.
(A Development Stage Company)
Notes to Consolidated Financial Statements
March 31, 2008
(Unaudited)

5.

Commitment

By agreement dated August 1, 2006, the Company entered into a one-year Consulting Agreement with a related company that has an officer in common with a corporate shareholder of the Company. The monthly payment for general consulting services is GBP 5,000 for a minimum of one year beginning on August 1, 2006. At March 31, 2008, $198,929 (September 30, 2007 - $138,325) was accrued and included in amounts due to related parties. This agreement will automatically renew on a month-to- month basis with the same terms and conditions. Either party may terminate this agreement with one month’s advance written notice.

6.Subsequent event
On April 11, 2008, the Company issued a $30,000 promissory note to Green Shoe Investments Ltd. (“Green”), an unrelated party. The principal sum of $30,000 with interest of 5% will be repayable on April 11, 2009.

F-7


Item 2.Management’s Discussion and Analysis

The following discussion of our financial condition, changes in financial condition anddiffer materially from historical results of operations forand events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the six month period ended March 31, 2008 should be read in conjunction with our unaudited consolidated interim financial statements and related notes fordate of such statement or to reflect the six month period ended March 31, 2008.

Overviewoccurrence of Our Business

We wereanticipated or unanticipated events.


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

GENERAL

Coloured (US) Inc. was incorporated on April 5, 2005 as Emcor Holdings Inc. under the laws of the Statestate of Nevada. We carry out our business operations through our wholly owned subsidiary,During September 2005, Emcor Holdings Inc entered into a share exchange agreement (the “Share Exchange Agreement”) with Coloured Industry Limited ("(“Coloured UK"UK”), locateda privately held corporation. Coloured UK was incorporated in the United Kingdom. Kingdom on May 2, 2003. In accordance with the terms and provisions of the Share Exchange Agreement, we acquired Coloured UK by way of acquisition of 100% of the total issued and outstanding shares of Coloured UK (which was 2,087,000 shares) in exchange for 12,000,000 shares of our restricted common stock issued and outstanding. On December 8, 2005, we changed our name to Coloured (US) Inc.

Our principal executive office is located at Suite 3.19, 130 Shaftesbury Avenue, London, England, W1D 5EU. Our telephone number is +44(0)20 7031 1189shares of common stock trade on the Over-the-Counter Bulletin Board under the symbol “COUS:BB”.

Please note that throughout this Quarterly Report, and our fax number is +44(0)20 7031 1199.

unless otherwise noted, the words "we", "our", "us”, "the Company", “the Corporation”, “or "Coloured (US) Inc." refers to Coloured (US) Inc.


CURRENT BUSINESS OPERATIONS
We are the owner of six mobile games designed to be played on GSM-network mobile phones using the Short Message Service (“SMS”) features of these phones. The SMS short message service refers to an industry adopted standard for sending and receiving text messages to and from mobile telephones and other mobile devices. Our games are played entirely via regular text messages sent back and forth between players via the servers on which our games are stored. Text messages are relatively short and easily translated into virtually any language.

All of our games are multi-player games which allow players to interact with and play against others located in the player’s vicinity. And all of our games support optional value-added features such as location-based services (LBS) where the actual location of each player has an effect of the outcome, and Multimedia Messaging Services (MMS) which facilitates the inclusion of graphics in each text message. Players send their commands to our server by way of text message. Our server receives the messages, integrates the commands within the context of the game being played, and automatically sends responses by text message to each player. Three of our games will utilize support from our website, where players may check their individual playing statistics, view high scores and get tips and strategies on improving their skills. Our mobile games may also be played without the LBS feature for networks which do not support it.

The primary target market for our games are teenage and young adult mobile phone users. Our games have been designed with the objective that they are quick to learn, enjoyable to play and may be played in a relatively short period of time over many sessions. Text messages are relatively short and easily translated into a variety of languages for distribution into major foreign language markets. Each of our games has been fully developed and is ready for commercial deployment. We plan further developments to these games as our future resources permit. Specifically, we plan to develop software, which players may choose to download onto mobile phones which support the technology, that will enable our games to integrate more advanced graphics and video into our games in a way that will further increase their playability.

We intend to market and distribute our games through a number of different “gateway owners”, or companies that sell mobile phone products and services to the general public. Gateway owners include wireless network providers (such as Vodafone, Orange, T-Mobile, Sprint), Internet portals (MSN and Lycos) and media companies that publish or distribute products in which mobile services are generally advertised (Bertelsmann and Bonnier). To assist us in marketing our games to these gateway owners, we have established and intend to build relationships with various agents and resellers located in Europe, America and Asia whom we intend to partner with to distribute our games worldwide. We intend to expand our dealings to include gateway owners in North America and eventually South America and Australia.Australasia. Each of these regions has shown growth in the use of text-messaging among mobile phone users in recent years.

- 2 -

We have not earned revenues to date. Our plan of operations is as described below, to partner with gateway owners, either directly or indirectly through third party resellers, in the marketing and distribution of our mobile games.

Intellectual Asset Purchase Agreements
On February 28, 2006, we acquired the intellectual property rights to our six mobile games concurrently from Coloured Industry Inc. (“CII”), one of the founding shareholders of Coloured (UK), and ABS Capital Inc. (“ABS Capital”) in accordance with the terms and provisions of the Mobile Warrior Intellectual Asset Purchase Agreement and the respective Intellectual Asset Purchase Agreements for total consideration of the issuance of 12,000,000 shares of our restricted common stock, of which 6,000,000 shares were issued to CII and 6,000,000 shares were issued to ABS Capital. Concurrent with the completion of this acquisition, CII transferred 6,000,000 shares of our common stock to Coloured Industry Technology Partnership as part of its arrangement to re-acquire five of the six mobile games from Coloured Technology Partnership. Coloured Industry Technology Partnership is a limited liability partnership that was at arm’s length to CII. Coloured Industry Technology Partnership became one of our principal shareholders as a result of the completion of these transactions. At the same time, ABS Capital transferred its 6,000,000 shares of our common stock to Mobile Warrior Technology Partnership as part of its own arrangement to re-acquire the Mobile Warrior game from Mobile Warrior Technology Partnership. Mobile Warrior Technology Partnership LLP is a limited liability partnership that is at arm’s length to ABS Capital Inc.
RESULTS OF OPERATION
We are presently inactivea development stage company and have not generated any revenue to date. We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our businesslong term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

The summarized financial data set forth in the table below is derived from and should be read in conjunction with our unaudited financial statements for the six month period ended March 31, 2009 and March 31, 2008, including the notes to those financial statements which are included in this Quarterly Report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

 The following table sets forth selected financial information for the periods indicated.
RESULTS OF OPERATION
        Cumulative from 
        Incorporation 
  For the Six Months Ended  May 2, 2003 to 
  March 31, 2009  March 31, 2008  March 31, 2009 
General and Administrative Expenses         
Accounting and auditing  9,675   29,843   252,968 
Amortization & Depreciation  -   3,364   28,403 
Bank Charges  156   -   232 
Consulting fees  -   60,604   201,068 
Filing fees, net of recovery  -   2,980   12,943 
Intellectual properties  -   -   3,000,000 
Investor relations  -   -   18,250 
Legal  10,000   28,565   139,793 
Transfer agent fees  1,911   357   7,508 
Total General and Administrative Expenses  21,741   125,712   3,661,164 
   (21,741)  (125,712)  (3,661,164)
Income (loss) from Continuing Operations
Income (loss) from Discontinued Operations  -   (8,445)  (394,753)
Other Income (Expense)            
Gain on settlement of debt  -   20,144   20,144 
Foreign exchange gain (loss)      (168)  (12,027)
Interest expense  (750)  (3,361)  (12,141)
Provision for income taxes  -   -   - 
Loss for the period  (22,491)  $(117,542)  $(4,059,941)
             
Comprehensive Loss            
Net Loss  (22,491)  (117,542)  (4,059,941)
Gain (loss) on foreign exchange translation  -   (5,357)  (19,063)
Total Comprehensive Loss  (22,491)  (122,899)  (4,079,004)

We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Six Month Period Ended March 31, 2009 Compared to Six Month Period Ended March 31, 2008.

Our comprehensive loss for the six month period ended March 31, 2009 was ($22,491) compared to a comprehensive loss of ($122,899) during the six month period ended March 31, 2008 (a decrease of $100,408). During the six month periods ended March 31, 2009 and March 31, 2008, we did not generate any revenue.

During the six month period ended March 31, 2009, we incurred general and administrative expenses of $21,741 compared to $125,712 incurred during the six month period ended March 31, 2008 (a decrease of $103,971). This resulted in a loss from continuing operations during the six month period ended March 31, 2009 of ($21,741) and a loss from continuing operations during the six month period ended March 31, 2008 of ($125,712). These general and administrative expenses incurred during the six month period ended March 31, 2009 consisted of: (i) accounting and auditing of $9,675 (2008: $29,843); (ii) amortization and depreciation of $-0- (2008: $3,364); (iii) bank charges of $156 (2008: $-0-); (iv) consulting fees of $-0- (2008: $60,604); (v) filing fees, net of recovery of $-0- (2008: $2,980); (vi) legal of $10,000 (2008: $28,565); and (vii) transfer agent fees of $1,911 (2008: $357).

Expenses incurred during the six month period ended March 31, 2009 compared to the six month period ended March 31, 2008 decreased primarily due to the decrease in consulting fees, legal and accounting and auditing. General and administrative expenses generally include corporate overhead, financial and administrative contracted services, marketing, and consulting costs.

Loss from continuing operations of ($21,741) during the six month period ended March 31, 2009 was increased by the recording of ($750) as interest expense resulting in a lackcomprehensive loss for the period of ($22,491). Loss from continuing operations of ($125,712) during the six month period ended March 31, 2008 was increased by the recording of ($8,445) in loss from discontinued operations, ($3,361) in interest expense, ($5,357) in loss on foreign exchange translation and ($168) foreign exchange loss, and decreased by $20,144 in gain on settlement of debt resulting in a comprehensive loss for the period of ($122,899).

Our comprehensive loss during the six month period ended March 31, 2009 was ($22,491) compared to a comprehensive loss of ($122,899) incurred during the six month period ended March 31, 20078 The weighted average number of shares outstanding was 59,709,399 for the six month period ended March 31, 2009 compared to 32,659,589 for the six month period ended March 31, 2008.

Three Month Period Ended March 31, 2009 Compared to Three Month Period Ended March 31, 2008.

Our comprehensive loss for the three month period ended March 31, 2009 was ($5,473) compared to a comprehensive loss of ($70,657) during the three month period ended March 31, 2008 (a decrease of $65,184). During the three month periods ended March 31, 2009 and March 31, 2008, we did not generate any revenue.

During the three month period ended March 31, 2009, we incurred general and administrative expenses of $5,098 compared to $61,918 incurred during the three month period ended March 31, 2008 (a decrease of $56,820). This resulted in a loss from continuing operations during the three month period ended March 31, 2009 of ($5,098) and a loss from continuing operations during the three month period ended March 31, 2008 of ($61,918). These general and administrative expenses incurred during the three month period ended March 31, 2009 consisted of: (i) accounting and auditing of $2,625 (2008: $21,811); (ii) amortization and depreciation of $-0- (2008: $636); (iii) bank charges of $23 (2008: $-0-); (iv) consulting fees of $-0- (2008: $29,927); (v) filing fees, net of recovery of $-0- (2008: $2,612); (vi) legal of $750 (2008: $6,575); and (vii) transfer agent fees of $1,700 (2008: $357).

Expenses incurred during the three month period ended March 31, 2009 compared to the three month period ended March 31, 2008 decreased primarily due to the decrease in consulting fees, legal and accounting and auditing.

Loss from continuing operations of ($5,098) during the three month period ended March 31, 2009 was increased by the recording of ($375) as interest expense resulting in a comprehensive loss for the period of ($5,473). Loss from continuing operations of ($61,918) during the three month period ended March 31, 2008 was increased by the recording of ($4,150) in loss from discontinued operations, ($2,845) in interest expense, ($1,428) in loss on foreign exchange and ($316) in loss on foreign exchange translation resulting in a comprehensive loss for the period of ($70,657).

Our comprehensive loss during the three month period ended March 31, 2009 was ($5,473) compared to a comprehensive loss of ($70,657) incurred during the three month period ended March 31, 20078 The weighted average number of shares outstanding was 73,494,610 for the three month period ended March 31, 2009 compared to 34,692,616 for the three month period ended March 31, 2008.

LIQUIDITY AND CAPITAL RESOURCES

Six Month Period Ended March 31, 2009

As at the six month period ended March 31, 2009, our current assets were $15,106 and our current liabilities were $329,905, which resulted in a working capital deficit of $314,799. As at the six month period ended March 31, 2009, current assets were comprised of: (i) $5,146 in cash of continuing operations; (ii) $6,930 in cash of discontinued operations; and (iii) $3,030 in loans receivable. As at the six month period ended March 31, 2009, current liabilities were comprised of: (i) $5,036 in accounts payable; (ii) $2,250 in accrued liabilities; (iii) $1,438 in accrued interest on promissory notes; (iv) $7,786 due to related parties; and (v) $310,396 in current liabilities of discontinued operations.

As at the six month period ended March 31, 2009, our total assets were $15,106 comprised entirely of current assets. The decrease in total assets during the six month period ended March 31, 2009 from fiscal year ended September 30, 2008 was primarily due to the decrease in total cash.

As at the six month period ended March 31, 2009, our total liabilities were $356,905 comprised of: (i) $326,905 in current liabilities; and (ii) $30,000 in long term long payable. The slight decrease in liabilities during the six month period ended March 31, 2009 from fiscal year ended September 30, 2008 was primarily due to the decrease in long term loan payable.

Stockholders’ equity (deficit) decreased from ($354,153) for fiscal year ended September 30, 2008 to ($341,799) for the six month period ended March 31, 2009.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the six month period ended March 31, 2009, net cash flows provided by operating activities was $8,604 consisting primarily of a net loss of ($22,491). During the six month period ended March 31, 2009, net cash flows used in operating activities was adjusted by items not requiring the use of cash for interest accrued on promissory notes of ($1,671) and for share issued for debt settlement of $34,846. Net cash flows used in operating activities was further changed by ($3,030) for loan receivable, $2,201 for accounts payable and ($1,250) for accrued liabilities.

For the six month period ended March 31, 2008, net cash flows used in operating activities was ($167,309) consisting primarily of a net loss of ($117,542). During the six month period ended March 31, 2008, net cash flows used in operating activities was changed by $2,624 for prepaid expenses, ($105,337) for accounts payable, ($17,387) for accrued liabilities, $3,208 for effects of accounts payable in discontinued operation, and $66,312 for effects of amounts owing to related parties in discontinued operations.

Cash Flows from Investing Activities

For the six month period ended March 31, 2009, net cash flows from investing activities was $-0- compared to net cash flows from investing activities of $5,463 for the six month period ended March 31, 2008 relating to acquisition of rights and technology.

Cash Flows from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the six month period ended March 31, 2009, net cash flows used for financing activities was ($2,639) compared to net cash flows from financing activities of $200,000 for the six month period ended March 31, 2008. Cash flows used by financing activities for the six month period ended March 31, 2009 consisted of: (i) ($32,425) (2008: $-0-) in loan proceeds; (ii) $7,786 (2008: $-0-) due to related parties; and (iii) $-0- (2008: $200,000) in shares issued for cash.

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

PLAN OF OPERATION AND FUNDING
We estimate that our total expenditures over the next twelve months will be approximately $168,000. We anticipate that our cash and working capital will not be sufficient to enable us to undertake our plan of operations over the next twelve months without our obtaining additional financing. We are presently seekingrequire immediate financing in order that would enablewe have the cash necessary for us to continue our plan of operations or target the acquisition of a new business or properties. There is no assuranceoperations. We anticipate that we will be able to achieverequire additional financing in the necessary financingapproximate amount of $526,000 in order to enable us to continuesustain our plan of operations or complete any acquisition.

Plan Of Operations

for the next twelve months.

We are presently inactive in our business operations due to a lack of financing. We are presently seeking financing that would enable us to continue our plan of operations or target the acquisition of a new business or properties. There is no assurance that we will be able to achieve the necessary financing to enable us to continue our plan of operations or complete any acquisition.

If we raise financing to pursue our current business, our plan of operations would be to exploit our mobile games in their present form. While our strategy in each geographic market will vary according to a number of factors including the maturity of the local mobile gaming market and the telecom infrastructure available, our overall objective is to establish greater awareness of our mobile games in each marketplace in order to generate initial revenues. We plan to achieve this objective by undertaking sales and marketing campaigns in each market directed at local gateway owners. We will also continue creating relationships with strategic partners/resellers in different markets where we have few direct contacts. We also anticipate proceeding with the continued enhancement of our mobile games with a view to increasing their features and functionality.

We are presently inactive in our business operations due to a lack of financing. We are presently seeking financing that would enable us to continue our plan of operations or target the acquisition of a new business or properties. There is no assurance that we will be able to achieve the necessary financing to enable us to continue our plan of operations or complete any acquisition.
Our plan of operations for the next twelve months is to complete the following objectives within the time periods and within the budgets specified, subject to our achieving the necessary financing:

1.

We plan to carry out our sales and marketing efforts for our applications and games with the objective of securing sales to gateway owners and entering into further agreements with resellers. We anticipate that marketing activities will be carried throughout the course of the next twelve months. We anticipate that we will spend approximately $7,000 per month on sales and marketing activities during the next twelve months, for a total anticipated expenditure of $84,000.

  
2.

We anticipate spending approximately $20,000 over the next twelve months on the development of new features for our mobile games.

  
3.

We anticipate spending approximately $2,000 in ongoing general and administrative expenses per month for the next twelve months, for a total anticipated expenditure of $24,000 over the next twelve months. The general and administrative expenses for the year will consist primarily of rent and office services, technical support and hosting services and general office expenses.

  
4.

We anticipate spending approximately $40,000 in complying with our obligations as a reporting company under theSecurities Exchange Act of 1934,. as amended. These expenses will consist primarily of professional fees relating to the preparation of our financial statements and completing our annual report, quarterly report, current report and proxy statement filings with the SEC.

We had cash

During the twelve month period following the date of this quarterly report,Quarterly Report, we anticipate that we will not generate revenues that exceed our operating costs. We anticipate based on our current cash and working capital and our planned expenses that we will be able to continue our plan of operations for three more months without additional financing. We believe that we will require substantial additional financing in order to commercialize our mobile games in order to earn revenues that exceed our operating expenses. We believe that debt financing from third parties will not be an alternative for funding of our planned activities as we do not have tangible assets to secure any debt financing. We anticipate that additional funding will be in the form of equity financing from the sale of our common stock or sales of convertible promissory notes that are convertible into shares of our common stock. If we do not obtain the necessary additional financing, we will be forced to abandon our plan of operations and our business activities.

Presentation

MATERIAL COMMITMENTS

As of Financial Information

Effective September 30, 2005, we acquired 100% of the issued and outstanding shares of Coloured UK by issuing 12,000,000 shares of our common stock. Notwithstanding its legal form, our acquisition of Coloured UK has been accounted for as a reverse acquisition, since the acquisition resulted in the former shareholders of Coloured UK owning the majority of our issued and outstanding shares. Because Emcor Holdings Inc. (now Coloured (US) Inc.) was a newly incorporated company with nominal net non-monetary assets, the acquisition has been accounted for as an issuance of stock by Coloured UK accompanied by a recapitalization. Under the rules governing reverse acquisition accounting, the results of operations of Coloured (US) Inc. are included in our consolidated financial statements effective September 30, 2005. Our date of inception is the date of inceptionthis Quarterly Report, we do not have any material commitments other than as disclosed below:


Loan Agreement

On April 15, 2008, we entered into a loan agreement with Green Shoe Investments Ltd., an unrelated third party (“Green Shoe”), for debt financing. The loan was for $30,000 bearing interest at a rate of Coloured UK, being May 2, 2003, and our financial statements are presented with reference to5% per annum calculated monthly for a period of one year ending April 15, 2009. The loan is due on demand after the maturity date. As of March 31, 2009, interest in the amount of $1,438 was accrued. As of the date of inception of Coloured UK. Financial information relating to periods prior to September 30, 2005 is that of Coloured UK.

Critical Accounting Policies

Development Stage Company

We are a development stage company as defined by Financial Accounting Standards No. 7. We are presently devoting all of our present efforts to establishing a new business. All losses accumulated since inception have been considered as part of our development stage activities.

Revenue Recognition

We recognize revenue when all of the following criteria have been met: persuasive evidence for an arrangement exists; delivery has occurred; the fee is fixed or determinable and collection is reasonably assured. Upfront contract payments received from the sale of services not yet earned are initially recorded as deferred revenue on the balance sheet. The amount is recognized as income over the term of the contract.

Revenue from time and material service contracts is recognized as the services are provided. Revenue from fixed price, long-term service or development contracts is recognized over the contract term based on the percentage of services that are provided during the period compared with the total estimated services to be provided over the entire contract. Losses on fixed price contracts are recognized during the period in which the loss first becomes apparent. Payment terms vary by contract.

Foreign Currency Translations

Our functional currency is pounds sterling (“₤”). Our reporting currency is the U.S. dollar. All transactions initiated in other currencies are translated into U.S. dollars as follows:

(i)

assets and liabilities at the rate of exchange in effect at the balance sheet date;

(ii)

equity at historical rates; and

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(iii)revenue and expense items at the average rate of exchange prevailing during the period.

Unrealized exchange gains and losses arising from such translations are deferred until realization and are included as a separate component of shareholder’s equity as a component of comprehensive income or loss. Upon realization, the amount deferred is recognized as income in the period when it is realized.

Results Of Operations – Six month period ended March 31, 2008 and 2007

References to the discussion below to fiscal 2008 are to our current fiscal year which will end on September 30, 2008. References to fiscal 2007 and fiscal 2006 are to our fiscal years ended September 30, 2007and 2006, respectively.

              Cumulative 
              From 
  For Three  For Three  For Six  For Six  Incorporation 
  Months  Months  Months  Months  May 2, 2003 
  Ended  Ended  Ended  Ended  To 
  March 31,  March 31,  March 31,  March 31,  March 31, 
  2008  2007  2008  2007  2008 
General and               
Administrative Expenses               
Accounting and auditing$ 22,564 $ 16,942 $ 31,822 $44,165 $324,170 
Advertising -  -  -  -  1,890 
Amortization 636  2,548  3,364  5,159  28,403 
Consulting fees 29,983  33,445  60,660  66,510  285,422 
Filing feesnet of recovery 2,612  1,643  2,980  (2,562) 12,568 
Information technology 260  2,488  260  2,488  23,608 
Intellectual properties -  -  -  -  3,000,000 
Investor relations -  18,250  -  18,250  18,250 
Legal 6,575  2,328  28,565  4,834  126,539 
Office and miscellaneous -  -  -  -  5,135 
Rent 2,968  2,931  6,036  5,805  50,617 
Salaries and wages -  -  -  -  104,196 
Transfer agent fees 357  125  357  235  2,762 
Travelnet of recovery 113  (557) 113  -  6,361 
Total General and               
Administrative Expenses 66,068  80,143  134,157  144,884  3,989,921 
                
Loss from Operations (66,068) (80,143) (134,157) (144,884) (3,989,921)
Other Income (Expense)               
                
Gain on settlement of debt -  -  20,144  -  20,144 
Interest expense (2,845) (166) (3,361) (530) (10,841)
Foreign exchange gain               
(loss) (1,428) 6  (168) (2) (9,556)
Miscellaneous income -  (62) -  -  214 
                
Loss for the Period$ (70,341)$ (80,365)$ (117,542)$(145,416)$(3,989,960)
                
Loss per Share – Basic               
and Diluted$ (0.00)$ (0.00)$ (0.00) (0.00)   

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Weighted Average Shares               
Outstanding 34,692,616  30,623,660  32,659,589  30,623,660    
                
Comprehensive Loss:               
     Net loss$ (70,341)$ (80,365)$ (117,542)$(145,416)$(3,989,960)
     Foreign currency               
   translation adjustment (316) 7,391  (5,357) 4,338  (26,169)
                
                
Total Comprehensive Loss$ (70,657)$ (72,974)$ (122,899)$(141,078)$(4,016,129)

Revenue

Wethis Quarterly Report, we have not generated revenues from sales of our Coloured mobile gamespaid the principal or accrued interest.


PURCHASE OF SIGNIFICANT EQUIPMENT

We do not intend to date.

Accounting and Auditing

Accounting and auditing expenses are attributable to the preparation and audit of our financial statements and to our compliance with the reporting obligations under the Securities Exchange Act of 1934.

Accounting and auditing expenses decreasedpurchase any significant equipment during the first half of fiscal 2008 compared to the first half of fiscal 2007 due to less activity during 2008.

Consulting Fees

Consulting Fees are primarily comprised of consulting fees that we pay to Debondo Capital Limited on account of consulting services pursuant to a consulting agreement between the Company and Debondo Capital Limited dated August 1, 2006.

Information Technology

We did not incur any information and technology expenses during the first half of fiscal 2008 nor during the first half of fiscal 2007.

Intellectual Property

We did not incur any expenses on any intellectual property during the first half of fiscal 2008 nor during fiscal 2007. We had determined that the cost of the intellectual property purchased during our fiscal 2006 does not meet the criteria for capitalization as set out in SFAS No. 86.

Legal

Legal expenses are attributable to legal fees paid to our legal counsel in connection with the Company’s statutory obligations as a reporting company under the Securities Exchange Act of 1934 including the preparations and filings of our quarterly reports with the SEC. Legal expenses increased during the first quarter of 2008 due to the financing completed during this period.

Rent

Our rent expense is attributable to amounts paid to Azuracle on account of our rent of share office premises in London, England. Our rent expenses increased slightly during the first half of fiscal 2008 compared to the first half of fiscal 2007 due to increase in the foreign exchange rate of the U.S. dollar in terms of the Great Britain pound.

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Salaries and Wages

Salaries and wages were primarily comprised of salary paid to Lars Brannvall, our sole executive officer and employee. We did not incur any salaries and wages expenses during the first half of fiscal 2008 nor during fiscal 2007. Mr. Brannvall ceased to draw a salary from us since October 1, 2006.

Loss for the Period

Our loss for the first half of fiscal 2008 and the second quarter of 2008 decreased compared to the first half and second quarter of fiscal 2007 due to decreased general and administrative expenses.

Liquidity And Capital Resources

We had cash of $39,108 and working capital deficit of $281,345 as at March 31, 2008. We had cash of $6,311 and working capital deficit of $363,909 as at September 30, 2007.

Plan of Operations

We estimate that our total expenditures over the next twelve months will be approximately $168,000, as outlined above undermonths.


OFF-BALANCE SHEET ARRANGEMENTS

As of the heading “Plandate of Operations”. We anticipate that our cash and working capital willthis Quarterly Report, we do not be sufficient to enable us to undertake our plan of operations over the next twelve months without our obtaining additional financing. We presently require immediate financing in order that we have the cash necessary for us to continue our operations. We anticipate that we will require additional financing in the approximate amount of $450,000 in order to enable us to sustain our operations for the next twelve months.

We borrowed $30,000 from an investor in April 2008 in order to provide us with working capital to funds our operations.

Cash used in Operating Activities

We used cash of $163,945 in operating activities during the first half of fiscal 2008 compared to cash generated of $1,829 from operating activities during the first half of fiscal 2007.

We have applied cash generated from financing activities to fund cash used in operating activities.

Cash from Investing Activities

We did not use any cash in investing activities during the first half of fiscal 2008 nor during the first half of fiscal 2007.

Cash from Financing Activities

We generated cash of $200,000 from financing activities during the first half of fiscal 2008 compared to cash of $nil during the first half of fiscal 2007. This amount was attributable to share subscriptions.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive business activities. For these reasons our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

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Future Financings

We anticipate continuing to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned activities.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that isare material to stockholders.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 4.Controls and Procedures

As required by Rule 13a-15 underinvestors.


GOING CONCERN

The independent auditors' report accompanying our September 30, 2008 and September 30, 2007 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the Securitiesordinary course of business.

ITEM III. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
Market risk represents the risk of loss that may impact our financial position, results of operations or cash flows due to adverse change in foreign currency and interest rates. 
Market risk represents the risk of loss that may impact our financial position, results of operations or cash flows due to adverse change in foreign currency and interest rates. 
EXCHANGE RATE
Our reporting currency is United States Dollars (“USD”).  The British Pound has been pegged to the USD with regards to the exchange rate system. Exchange Act of 1934 (the “Exchange Act”), we carried outrate fluctuations may have a material impact on our consolidated financial reporting and make realistic revenue projections difficult. Recently the British Pund rose in value compared to the USD. This has not had an evaluationappreciable effect on our operations and seems unlikely to do so.
The exchange rate of the effectivenessBritish Pound or other foreign currency may have positive or negative impacts on our results of operations.  Since all proposed future sale revenues and expenses may be dominated in the British Pound or other foreign currency, the net income effect of appreciation and devaluation of such currency against the USD may be limited to our net operating results.
INTEREST RATES
Interest rates in the United Kingdom are relatively low and stable and inflation is controlled, due to the habit of the designpopulation to deposit and operationsave money in the banks (among with other reasons, such as the balance of trade surplus). Any potential loans may relate mainly to trade payables and may be mainly short-term.  However our debt may be likely to rise in connection with expansion and were interest rates to rise at the same time, this could become a significant impact on our operating and financing activities.
We have not entered into derivative contracts either to hedge existing risks or for speculative purposes.
ITEM IV. CONTROLS AND PROCEDURES

FINANCIAL DISCLOSURE CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures as of March 31, 2008, being the date of our most recently completed quarter. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, Mr. Lars Brannvall. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective 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 by the rules and forms of the Securities and Exchange Commission (the “SEC”).

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’sSecurities and Exchange Commission's rules and forms. Disclosure controlsforms, and procedures include, without limitation, controls and procedures designed to ensure that such information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officerpresident (also our principal executive officer) and our Chief Financial Officer,secretary, treasurer and chief financial officer (also our principal financial and accounting officer) to allow for timely decisions regarding required disclosure.

During the fiscal quarter ended

As of March 31, 2008, there2009, the end of our second quarter covered by this Quarterly Report, we carried out an evaluation, under the supervision and with the participation of our president (also our principal executive officer and our principal financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (also our principal executive officer and chief financial officer also our principal financial and accounting officer) concluded that our disclosure controls and procedures were no changeseffective in providing reasonable assurance in the reliability of our financial reports as of the end of the period covered by this Quarterly Report.
Inherent limitations on effectiveness of controls
Internal control over financial reporting has inherent limitations which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Changes in Internal Control over Financial Reporting
There have materially affected, or are reasonably likely to affect,been no significant changes in our internal controlcontrols over financial reporting that occurred during the quarter ended March 31, 2008.

The term “internal control2009 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting”reporting.


Audit Committee

Our Board of Directors has not established an audit committee.  The respective role of an audit committee has been conducted by our Board of Directors. We are contemplating establishment of an audit committee during fiscal year 2009. When established, the audit committee's primary function will be to provide advice with respect our financial matters and to assist our Board of Directors in fulfilling its oversight responsibilities regarding finance, accounting, and legal compliance. The audit committee's primary duties and responsibilities will be to: (i) serve as an independent and objective party to monitor our financial reporting process and internal control system; (ii) review and appraise the audit efforts of our independent accountants; (iii) evaluate our quarterly financial performance as well as its compliance with laws and regulations; (iv) oversee management's establishment and enforcement of financial policies and business practices; and (v) provide an open avenue of communication among the independent accountants, management and our Board of Directors.
PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is defined as a process designednot aware of any legal proceedings contemplated by any governmental authority or under the supervisionany other party involving us or our properties. As of the registrant’s principal executivedate of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
Settlement Agreement
On December 12, 2008, we entered into a settlement agreement and principal financial officers, or persons performing similar functions, and effected bygeneral mutual release (the “Settlement Agreement”) with Karada Ltd., a company incorporated in the registrant’s boardRepublic of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes inMarshall Islands (“Karada”). In accordance with generally accepted accounting principlesthe terms and includes those policiesprovisions of the Settlement Agreement: (i) we issued to Karada an aggregate of 34,845,950 shares of our restricted common stock; and procedures that:

(ii) Karada agreed to accept the issuance of the 34,845,950 shares of our restricted common stock in consideration of settling and releasing the debt due and owing by us to Karada of $34,846. We had previously entered into a loan agreement with Karada for debt financing. The loan was a draw down facility, which was unsecured and available in minimum traunches of $5,000 up to a maximum of $250,000 bearing interest at a rate of 5% per annum calculated monthly for a period of five years ending July 1, 2002.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
No report required.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No report required.

ITEM 5. OTHER INFORMATION

No report required.
ITEM 6. EXHIBITS
(a)

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the registrant;

Exhibits:
 
(b)

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance with authorizations of management and directors of the registrant; and

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(c)

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrant’s assets that could have a material effect on the financial statements.

PART II – OTHER INFORMATION

Item 1.Legal Proceedings

We currently are not a party to any material legal proceedings and to our knowledge, no such proceedings are threatened or contemplated.

Item 1A.Risk Factors

Not required as we are a “smaller reporting company”, within the meaning of the Securities Exchange Act of 1934.

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

We did not complete any sales of securities without registration under the Securities Act of 1933 during the three months ended March 31, 2008.

Item 3.Defaults Upon Senior Securities

None.

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

No matters were submitted to our security holders for a vote during the six month period ended March 31, 2008.

Item 5.Other Information

None

Item 6.Exhibits

The following exhibits are included with this Quarterly Report on Form 10-Q:

Exhibit10.01   
NumberDescription of Exhibit
3.1(1)

Articles of Incorporation

3.2(1)

Certificate of Amendment to Articles of Incorporation

3.3(1)

By-Laws

10.1(1)

Agency Exploitation Agreement dated March 31, 2003, between The Mobile Warrior Technology Partnership LLPRelease and LDC Network Limited

10.2(1)

Letter Agreement dated effective April 2, 2004, between LDC Network Limited and Coloured UK

10.3(1)

Agency Exploitation Agreement dated August 6, 2003, between The Coloured Industry Technology Partnership and Coloured UK

10.4(1)

Employment Agreement between Coloured UK and Lars Brannvall dated August 6, 2003

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Exhibit
NumberDescription of Exhibit
10.5(1)

Loan Agreement dated October 8, 2003, between Coloured UK and CII

10.6(1)

Debt Settlement Agreement dated April 26, 2005, between Coloured UK and CII

10.7(1)

Share Exchange Agreement dated May 23, 2005, as amended, among Emcor Holdings Inc., Coloured UK and the stockholders of Coloured UK

10.8(1)

Asset Purchase Agreement dated January 31, 2006, between Coloured (US) Inc. and CII (Coloured Mobile Games)

10.9(1)

Asset Purchase Agreement dated January 31, 2006, between Coloured (US) Inc. and ABS Capital (Mobile Warrior Game)

10.10(1)

Debt Conversion Agreement dated February 28, 2006, between Emcor Holdings Inc. and CISA Holdings APS

10.11(1)

Debt Conversion Agreement dated February 28, 2006, between Emcor Holdings Inc. and Dan Simmons

10.12(1)

Termination and Release Agreement dated February 28, 2006, among Coloured UK and the Coloured Industry Technology Partnership LLP

10.13(1)

Termination and Release Agreement dated February 28, 2006, among Coloured UK and The Mobile Warrior Technology Partnership LLP

10.14(1)

Debenture Agreement dated October 8, 2003 between Coloured UK and CII evidencing The indebtedness of Coloured UK under the Loan Agreement

10.15(1)

Service Agreement dated August 4, 2004, between Coloured UK and Outlander Management

10.16(1)

Reseller Agreement dated February 19, 2004, between Coloured UK and Mtertainment Korea covering the territory of Asia, with exclusivity in Singapore

10.17(1)

Reseller Agreement dated February 20, 2004, between Coloured UK and Tele- Publishing UK Ltd. (also known as G8wave) covering the territory of the United Kingdom

10.18(1)

Worldwide Reseller Agreement dated February 20, 2004, between Coloured UK and Mocondi Ltd.

10.19(1)

Reseller Agreement dated March 13, 2004, between Coloured UK and Mobiletones Asia Pte Ltd. covering the territory of Asia, excluding Singapore

10.20(1)

Reseller Agreement dated March 10, 2005, between Coloured UK and Net People International Inc. covering the territory of Latin America (South & Central America), Mexico and the Caribbean

10.21(1)

Reseller Agreement dated April 19, 2004, between Coloured UK and Mobilkraft covering the territory of Sweden

10.22(1)

Reseller Agreement dated September 27, 2004, between Coloured UK and Nostromo ICT covering the territory of the Czech Republic

10.23(1)

Reseller Agreement dated November 25, 2004, between Coloured UK and Voicelock Ltd. (also known as Trust5) covering the territory of the United Kingdom and Ireland

10.24(1)

Worldwide Reseller Agreement dated December 12, 2004,2008 between Coloured UKColoured(US) Inc. and Tracebit Ltd

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ExhibitKarada Ltd. (1)
NumberDescription of Exhibit
10.25(1)31.1

Reseller Agreement dated December 22, 2004, between Coloured UK and Mobile Minds covering the territory of Hungary, Slovakia, Czech Republic and Pakistan

10.26(1)

Reseller Agreement dated February 3, 2005, between Coloured UK and iTech Solutions India PVT Ltd covering the territory of India and the Indian Subcontinent

10.27(1)

Subscription agreement between the Company and Sharon Cocker dated April 8, 2005 relating to the Company’s private offering of 500,000 shares

10.28(1)

Form of subscription agreement relating to the Company's May 31, 2005 private offering of 4,500,000 common shares at $0.01 per share

10.29(1)

Administration Agreement dated July 1, 2005 between Coloured UK and Azuracle Limited

10.30(1)

Closing Agreement dated September 30, 2005 amongst Emcor Holdings Inc., and the shareholders of Coloured UK

10.31(1)

Form of subscription agreement and amendment agreement relating to the Company’s September 30, 2005 private offering of 677,660 common shares at $0.05 per share

10.32(1)

Form of subscription agreement relating to the Company’s March 13, 2006 private offering of 202,000 common shares at $0.25 per share

10.33(2)

Consulting agreement dated August 1, 2006 between the Company and DeBondo Capital Limited

10.34(3)

Form of Regulation S subscription agreement entered into between the Company with certain Investors on December 17, 2007.

31.1(4)

Certification of Chief Executive Officer andpursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

31.2Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) of theor 15d-14(a).
32.1Certifications pursuant to Securities Exchange Act

32.1(4)

Certification of Chief Executive Officer and Chief Financial Officer pursuant to1934 Rule 13a-14(b) of the Exchange Actor 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-OxleySarbanes- Oxley Act of 2002

2002.

(1)

Filed as anIncorporated herein by referenced to exhibit to the original registration statementfiled with our Current Report on Form SB-28-K as filed with the Securities and Exchange Commission on April 24, 2006.

(2)

Filed as an exhibit to our annual report on Form 10-KSB filed with the Securities and Exchange Commission on January 4, 2007.

(3)

Filed as an exhibit to our amendment no. 1 current report on Form 8-K filed with the Securities and Exchange Commission on February 15,December 22, 2008.

(4)

Filed as an exhibit to this quarterly report on Form 10-Q.

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SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 COLOURED (US) INC. 
    
Date: May 18, 2009 By:/s/  Lars Brannvall
Name: Lars Brannvall
Title: President and Chief Executive Officer
   
    
Date: May 18, 2009 By:/s/  Lars Branvall
Lars Brannvall 
  Chief Executive Officer andName: Lars Brannvall
Title: Chief Financial Officer 
  Date: May 15, 2008 

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