UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





**FORM
10-QSB**





[X]
    Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended:March
      31, 2005[ 
      ]
    Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period ______________to____________Commission
      File Number:000-51013





**Colombia
Goldfields Ltd.**


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





Nevada
    76-0730088(State
      or other jurisdiction of incorporation or organization)
    (IRS
      Employer Identification No.)








375
      Water Street, Suite 610, Vancouver, BC Canada(Address
      of principal executive offices)





604-691-6518(Issuer’s
      telephone number)Secure
      Automated Filing Enterprises Inc.(Former
      name, former address and former fiscal year, if changed since last
      report)








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





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 24,000,000 common
shares as of May
11, 2005.





Transitional
Small Business Disclosure Format (check one): Yes [ ] No [X]








***Table of Contents***











TABLE OF CONTENTS
    PagePART
      I - FINANCIAL INFORMATIONItem
      1:
    Financial Statements
    3Item
      2:
    Management Discussion and Analysis
    4Item
      3:
    Controls and Procedures
    6PART
      II - OTHER INFORMATIONItem
      1:
    Legal Proceedings
    7Item
      2:
    Unregistered Sales of Equity Securities and Use of
      Proceeds
    7Item
      3:
    Defaults Upon Senior Securities
    7Item
      4:
    Submission of Matters to a Vote of Security
      Holders
    7Item
      5:
    Other Information
    8Item
      6:
    Exhibits
    8













- 2
-
 ***Table of Contents***





**PART
I - FINANCIAL INFORMATION**





**Item 1.**  **Financial
Statements**





Our
unaudited consolidated financial statements included in this Form 10-QSB are as
follows:





(a)
    Balance
      Sheet as of March 31, 2005.


(b)
    Statements
      of Operations for the three month periods ended March 31, 2005 and 2004;


(c)
    Statement
      of Stockholders’ Equity (Deficiency) from inception on March 25, 2003 to
      March 31, 2005;


(d)
    Statements
      of Cash Flow for the three month periods ended March 31, 2005 and 2004;


(e)
    Notes
      to Consolidated Financial Statements.





These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-QSB. In the opinion of
management, all adjustments considered necessary for a fair presentation have
been included. Operating results for the interim period ended March 31, 2005 are
not necessarily indicative of the results that can be expected for the full
year.











- 3
-
 ***Table of Contents***


****


**SECURE AUTOMATED FILING ENTERPRISES INC.**


**(A
Development Stage Company)**





**BALANCE
SHEETS**











**March
      31,**
    
    **December
      31,****As
      at**
    
    **2005**
    
    **2004**$
    
    
    $**ASSETS****CURRENT**Cash
    
    
    28,914
    
    
    104,685Prepaid
      expense
    
    
    40,000
    
    
    -Accounts
      receivable
    
    
    -
    
    
    910**TOTAL
      ASSETS**
    
    
    68,914
    
    
    105,595**LIABILITIES****CURRENT**Accounts
      payable and accrued liabilities
    
    
    4,430
    
    
    3,687Advances
      from a related party (Note 3)
    
    
    6,000
    
    
    6,000**TOTAL
      LIABILITIES**
    
    
    10,430
    
    
    9,687**STOCKHOLDERS’
      EQUITY (DEFICIENCY)****COMMON
      STOCK (Note 4)**Authorized:
      50,000,000 shares, $0.00001 par valueIssued
      and outstanding: 24,000,000 shares
      (December
      31, 2004: 24,000,000 shares)
    
    
    240
    
    
    240**ADDITIONAL
      PAID-IN CAPITAL**
    
    
    100,761
    
    
    100,761**DONATED
      CAPITAL (Note 5)**
    
    
    54,400
    
    
    54,400**DEFICIT
      ACCUMULATED DURING THE DEVELOPMENT STAGE**
    
    
    (96,917
    )
    
    (59,493
    )**TOTAL
      STOCKHOLDERS’ EQUITY (DEFICIENCY)**
    
    
    58,484
    
    
    95,908**TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)**
    
    
    68,914
    
    
    105,595




















**See
accompanying Notes to the Financial Statements**





F - 1
 ***Table of Contents***








**SECURE
AUTOMATED FILING ENTERPRISES INC.**


**(A
Development Stage Company)**





**STATEMENTS
OF OPERATIONS**












Cumulative
      fromInception
      ofDevelopmentStage
      onThree
      months
    
    Three
      months
    
    March
      25, 2003
      throughended
      March 31,
    
    ended
      March 31,
    
    March
      31,2005
    
    2004
    
    2005$
    
    $
    
    $**REVENUE**
    
    
    763
    
    
    1,273
    
    
    9,827**GENERAL
      AND ADMINISTRATIVE**
      **EXPENSES**Audit
    
    
    
    
    
    
    
    
    7,720Bank
      charges
    
    
    186
    
    
    24
    
    
    478Consulting
      fees
    
    
    15,700
    
    
    4,800
    
    
    68,100Foreign
      exchange (gain) loss
    
    
    
    
    
    -
    
    
    (459
    )Legal
      and filing fees
    
    
    7,301
    
    
    3,124
    
    
    13,187Office
      and administration
    
    
    -
    
    
    60
    
    
    426Web
      site and software development
    
    
    15,000
    
    
    -
    
    
    17,29238,187
    
    
    8,808
    
    
    106744**NET
      LOSS FOR THE PERIOD**
    
    
    (37,424
    )
    
    (6,735
    )
    
    (96,917
    )**BASIC
      LOSS PER SHARE**
    
    
    (0.002
    )
    
    (0.004
    )**WEIGHTED
      AVERAGE NUMBER OF COMMON SHARES OUSTANDING**
    
    
    24,000,000
    
    
    1,000,000






















**See
accompanying Notes to the Financial Statements**





F - 2
 ***Table of Contents***









**SECURE
AUTOMATED FILING ENTERPRISES INC.**


**(A
Development Stage Company)**





**STATEMENT
OF STOCKHOLDERS’ EQUITY (DEFICIENCY)**











**From
Inception of the Development Stage (March 25, 2003) to March 31,
2005:**


**Common**
      **Shares**
    
    ****
      
      **Stock**
      **Amount**
    
    **Additional**
      **Paid-in**
      **Capital**
    
    **Donated**
      **Capital**
      **(Note
      5)**
    
    ****
      **Deficit**
      **Accumulated
      During**
      **the**
      **Development**
      **Stage**
    
    ****
      
      **Total**
      **Stockholders’
      Equity**
      **(Deficiency)**$
    
    $
    
    $
    
    $
    
    **$**Issue
      of common stock for cash
      at
      $0.000125 per share on
      March
      25, 2003
    
    
    8
    
    
    -
    
    
    1
    
    
    -
    
    
    -
    
    
    1Issue
      of common stock for cash
      at
      $0.000125 per share on
      May
      5, 2003
    
    
    16,000,000
    
    
    160
    
    
    1,840
    
    
    -
    
    
    -
    
    
    2,000Repurchase
      of common stock for cash at $0.000125 per share on October 31,
      2003
    
    
    (8,000,008
    )
    
    (80
    )
    
    (920
    )
    
    -
    
    
    -
    
    
    (1,000
    )Donated
      Capital
    
    
    -
    
    
    -
    
    
    -
    
    
    35,200
    
    
    -
    
    
    35,200Net
      loss for the period
    
    
    -
    
    
    -
    
    
    -
    
    
    -
    
    
    (36,399
    )
    
    (36,399
    )Balance,
      December 31, 2003
    
    
    8,000,000
    
    
    80
    
    
    921
    
    
    35,200
    
    
    (36,399
    )
    
    (198
    )Issue
      of common stock for
      cash
      at $0.00625 per share
      on
      December 20, 2004
    
    
    16,000,000
    
    
    160
    
    
    99,840
    
    
    -
    
    
    -
    
    
    100,000Donated
      Capital
    
    
    -
    
    
    -
    
    
    -
    
    
    19,200
    
    
    -
    
    
    19,200Net
      loss for the year
    
    
    -
    
    
    -
    
    
    -
    
    
    -
    
    
    (23,094
    )
    
    (23,094
    )Balance,
      December 31, 2004
    
    
    24,000,000
    
    
    240
    
    
    100,761
    
    
    54,400
    
    
    (59,493
    )
    
    95,908Net
      loss for the period
    
    
    -
    
    
    -
    
    
    -
    
    
    -
    
    
    (37,424
    )
    
    (37,424
    )Balance,
      March 31, 2005
    
    
    24,000,000
    
    
    240
    
    
    100,761
    
    
    54,400
    
    
    (96,917
    )
    
    (58,484
    )
















**See
accompanying Notes to the Financial Statements**





F - 3
 ***Table of Contents***





**SECURE AUTOMATED FILING ENTERPRISES INC.**


**(A
Development Stage Company)**





**STATEMENTS
OF CASH FLOWS**










CumulativefromInception
      ofDevelopmentStage
      onThree
      months
    
    Three
      months
    
    March
      25, 2003ended
    
    ended
    
    throughMarch
      31,
    
    March
      31,
    
    March
      31,2005
    
    2004
    
    2005$
    
    
    $
    
    
    $**OPERATING
      ACTIVITIES:**Loss
      from operations
    
    
    (37,424
    )
    
    (6,735
    )
    
    (96,917
    )Items
      not requiring cash outlay:-
      Consulting fees
    
    
    -
    
    
    4,800
    
    
    52,400-
      Website design and software development
    
    
    -
    
    
    -
    
    
    2,000Cash
      provided by (used in) changes in operatingassets
      and liabilities:-
      Prepaid expenses
    
    
    (40,000
    )
    
    -
    
    
    (40,000
    )-
      Accounts receivable
    
    
    910
    
    
    448
    
    
    --
      Accounts payable and accrued liabilities
    
    
    743
    
    
    3,059
    
    
    4,430-
      Advances from a related party
    
    
    -
    
    
    (749
    )
    
    6,000Net
      cash provided by operating activities
    
    
    (75,771
    )
    
    823
    
    
    (72,087
    )**FINANCING
      ACTIVITIES:**Issuance
      of common stock
    
    
    -
    
    
    -
    
    
    101,001Net
      cash provided by financing activities
    
    
    -
    
    
    -
    
    
    101,001**INCREASE
      IN CASH**
    
    
    (75,771
    )
    
    823
    
    
    28,914**CASH
      AT BEGINNING OF PERIOD**
    
    
    104,685
    
    
    3,491
    
    
    -**CASH
      AT END OF PERIOD**
    
    
    28,914
    
    
    4,314
    
    
    28,914**SUPPLEMENTAL
      CASH FLOWS INFORMATION**Interest
      expense
    
    
    -
    
    
    -
    
    
    -Taxes
    
    
    -
    
    
    -
    
    
    -



















**See
accompanying Notes to the Financial Statements**








F - 4
 ***Table of Contents***





**SECURE
AUTOMATED FILING ENTERPRISES INC.**


**(A
Development Stage Company)**





**NOTES
TO THE FINANCIAL STATEMENTS**


**MARCH
31, 2005**







**NOTE
1 - BASIS OF PRESENTATION**




The
accompanying unaudited interim financial statements of Secure Automated Filing
Enterprises Inc. have been prepared in accordance with generally accepted
accounting principles for interim financial information and the instructions to
Form SB-2 as prescribed by the Securities and Exchange Commission. Accordingly,
certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted pursuant to such instructions. These unaudited
financial statements should be read in conjunction with the audited financial
statements and notes thereto as at December 31, 2004.




In the
opinion of the Company’s management, all adjustments considered necessary for a
fair presentation of these unaudited financial statements have been included and
all such adjustments are of a normal recurring nature. Operating results for the
three month period ended March 31, 2005 are not necessarily indicative of the
results that can be expected for the year ended December 31, 2005.




**NOTE
2 - GOING CONCERN**




In a
development stage company, management devotes most of its activities towards
developing a market for its products. Planned principal business activities have
not yet commenced. To date, the Company has generated only nominal amounts of
revenue and has not yet established a customer base. As of March 31, 2005, the
Company has nominal cash resources and it is likely that the Company needs to
offer for sale additional common stock to continue the development of its
business. There can be no assurance that it will be successful in raising the
funds necessary to maintain operations, or that a self-supporting level of
operations will ever be achieved. These factors together raise substantial doubt
about its ability to continue as a going concern. The financial statements do
not include any adjustment to reflect the possible future effect on the
recoverability and classification of the assets or the amounts and
classification of liabilities that may result should the Company cease to
continue as a going concern.
















F - 5
 ***Table of Contents***








**Item 2.     Management’s Discussion and
Analysis**





**Forward-Looking
Statements**





Historical
results and trends should not be taken as indicative of future operations.
Management’s statements contained in this report that are not historical facts
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934 (the “Exchange Act”), as amended. Actual results may differ
materially from those included in the forward-looking statements. The Company
intends such forward-looking statements to be covered by the safe-harbor
provisions for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and is including this statement for purposes of
complying with those safe-harbor provisions. Forward-looking statements, which
are based on certain assumptions and describe future plans, strategies and
expectations of the Company, are generally identifiable by use of the
words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,”
“prospects,” or similar expressions. The Company’s ability to predict results or
the actual effect of future plans or strategies is inherently uncertain. Factors
which could have a material adverse affect on the operations and future
prospects of the Company on a consolidated basis include, but are not limited
to: changes in economic conditions, legislative/regulatory changes, availability
of capital, interest rates, competition, and generally accepted accounting
principles. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements. Further information concerning the Company and its business,
including additional factors that could materially affect the Company’s
financial results, is included herein and in the Company’s other filings with
the SEC.





**Management’s
Discussion and Analysis**





We were
incorporated in the state of Nevada on March 25, 2003 under the name Secure
Automated Filing Enterprises Inc. Since our incorporation, our business was
focused on servicing corporations that are required by the federal securities
laws to publicly file various reports with the Securities and Exchange
Commission (‘SEC”). These corporations must submit all required reports to the
SEC electronically under a system called Electronic Data Gathering Analysis and
Retrieval or “EDGAR.” In order to file any report with the SEC electronically
through EDGAR, filers must first format their disclosure documentation into
either ASCII or HTML format. Reports submitted on EDGAR are available to the
public on the SEC web site as well as through other information providers. We
primarily provided a service that formatted filers’ disclosure documentation
into either ASCII or HTML format and then submitted the reports electronically
to the SEC on behalf of the filer.





On March
3, 2005, our President, Chief Executive Officer, and director at the time, Rory
O’Byrne, completed a private transaction and sold all of his shares to Daniel
Hunter. As a result of this transaction, Mr. Hunter acquired 34% of our issued
and outstanding shares. Mr. Hunter was appointed as our Chief Executive Officer,
Chief Financial Officer, and director. Mr. O’Byrne submitted his resignation
following the appointment of Mr. Hunter.





Also
during the reporting period, we received notice from all of our customers that
they were terminating our contracts with them. Due to the termination of all of
our service contracts, our failure to generate any additional business and the
resignations of prior management, our current management is evaluating the
viability of our business plan. This evaluation includes identifying and
evaluating other businesses and opportunities for acquisition that are
consistent with the expertise of our current management. Our management decided
to reorganize our operations and is currently seeking other








- 4
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 ***Table of Contents***





potential
opportunities for acquisition. On March 15, 2005, we entered into an agreement
with a consultant to evaluate mining exploration and development activities in
China. At the present time, we or any consultant acting on our behalf has not
successfully identified any other business or opportunity for
acquisition.





**Results
of Operations**





For the
three month period ended March 31, 2005, we earned revenues of $763. This was
down from the period ended March 31, 2004 during which time we earned $1,273.
Our revenue during the three months ended March 31, 2005 was generated solely
from our providing EDGAR filing services to our clients. The decrease is revenue
is attributable to our inability to successfully establish and grow a customer
base.





We
incurred operating costs and expenses during the three month period ended March
31, 2005 in the amount of $38,187, as compared to $8,808 for the same three
month period in the prior year. The increase in our operating expenses for the
three month period ended March 31, 2005 when compared to the same reporting
period in the prior year was attributable to expenditures for consulting fees
and web site development costs. We incurred web site development costs during
the reporting period in the amount of $15,000 and expended $15,700 in consulting
fees. On March 15, 2005, we retained a consultant to evaluate mining exploration
and development activities in China for $10,000 per month over a five month
period.





**Assets**





As of
March 31, 2005, we had total assets of $68,914. Our assets on March 31, 2004
consisted of prepaid expenses in the amount of $40,000 and cash of $28,914.





**Liquidity
and Capital Resources**





As of
March 31, 2005, we had current assets of $68,914 and current liabilities of
$10,430. As a result, we had working capital of $58,484.





Following
our discontinuance of providing EDGAR filing services, we believe our existing
cash balance is sufficient to maintain our operations for the next twelve
months. We will require additional funds to complete the acquisition of any
business or opportunity. As a result, we intend to sell additional equity in a
private equity offering. Any sale of additional equity securities will result in
dilution to our stockholders. There can be no assurance that additional
financing, if required, will be available to our company or on acceptable terms.
If we are unable to obtain additional financing, our ability to acquire any
business or opportunity will be impaired.





**Going
Concern**





To date,
we have generated only nominal amounts of revenue and have not yet established
profitable operations. As of March 31, 2005, we had nominal cash resources and
it is likely that we need to offer for sale additional common stock to continue
the development of our business. There can be no assurance that we will be
successful in raising the funds necessary to maintain operations, or that a
self-supporting level of operations will ever be achieved. For these reasons,
our auditors have concluded that there is substantial doubt about our ability to
continue as a going concern. The financial statements do not include any
adjustment to reflect the possible future effect on the recoverability and
classification of


the
assets or the amounts and classification of liabilities that may result should
we cease to continue as a going concern.






- 5
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 ***Table of Contents***


**Revenue
Recognition**





We
recognized revenue when we obtained a contract or written request from the
customer; rendered services and filed the disclosure statements with the U.S.
Securities and Exchange Commission and when we were reasonably assured that the
service fee would be collectible.





**Item 3.     Controls and Procedures**





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of March 31, 2005. This evaluation was carried out
under the supervision and with the participation of our Chief Executive Officer
and Chief Financial Officer, Daniel Hunter. Based upon that evaluation, our
Chief Executive Officer and Chief Financial Officer concluded that, as of March
31, 2005, our disclosure controls and procedures are effective. There have been
no significant changes in our internal controls over financial reporting during
the quarter ended March 31, 2005 that have materially affected or are reasonably
likely to materially affect such controls.





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 Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.





Limitations
on the Effectiveness of Internal Controls





Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. An internal control system, no matter how well conceived and
operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Further, the design of a control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations in all control systems, no evaluation of controls can
provide absolute assurance that all control issues and instances of fraud, if
any, within the Company have been detected. These inherent limitations include
the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of simple error or mistake. Additionally, controls
can be circumvented by the individual acts of some persons, by collusion of two
or more people, or by management override of the internal control. The design of
any system of controls also is based in part upon certain assumptions about the
likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions.
Over time, control may become inadequate because of changes in conditions, or
the degree of compliance with the policies or procedures may deteriorate.







- 6
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 ***Table of Contents***





**PART
II - OTHER INFORMATION**








**Item 1.     Legal
Proceedings**





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





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





We did
not sell any of our issuances of securities without registration under the
Securities Act of 1933 during the reporting period.





**Item 3.     Defaults upon Senior
Securities**





None.





**Item 4.     Submission of Matters to a
Vote of Security Holders**





Subsequent
to the reporting period on May 13, 2005, we held our annual meeting of our
security holders. The meeting was called for the purpose of electing a director,
approving a name change to Moneta Mining Ltd., and to transact any other items
of business that may properly come before the meeting. The total number of
shares of common stock outstanding at the record date, March 15, 2005, was
24,000,000 shares. The number of votes represented at this meeting was
18,148,000 shares, or 75.6% of shares eligible to vote.





Daniel
Hunter was elected as director and the results were as follows:





*Votes
      Cast For*
    *Votes
      Cast Against*
    *Abstentions*18,148,000
    0
    0





The
proposal to change our name to Moneta Mining Ltd. was not approved by the
security holder and the results were as follows:





*Votes
      Cast For*
    *Votes
      Cast Against*
    *Abstentions*0
    18,148,000
    0





A
proposal to change our name to Colombia Goldfields Ltd. was properly brought
before the meeting and our security holders approved this item. The results were
as follows:





*Votes
      Cast For*
    *Votes
      Cast Against*
    *Abstentions*18,148,000
    0
    0





The
following the approval of a change in our name, a Certificate of Amendment to
the articles of incorporation was filed with the Nevada Secretary of State on
May 13, 2005 to change our name to Colombia Goldfields Ltd. No other matters
were acted upon by our security holders at our annual meeting.








- 7
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 ***Table of Contents***





**Item 5.     Other
Information**





None.





**Item 6.      Exhibits**





**Exhibit
      Number**
    **Description
      of Exhibit**31.1
    Certification of Chief Executive Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
    Certification of Chief Financial Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
    Certification of Chief Executive Officer pursuant to
      18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002

















































- 8
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**SIGNATURES**





In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





**Colombia
      Goldfields Ltd.**Date:
    May
      16, 2005By:      
      /s/ Daniel
      Hunter
      Daniel
      Hunter
      Title:**President
      and Chief Executive Officer**










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