U. S. Securities and Exchange Commission

                             Washington, D. C. 20549



                                   FORM 10-KSB



[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the fiscal year ended December 31, 2004
                               -----------------

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

     For the transition period from               to
                                    -------------    -------------

                               Commission File No.
                               -------------------
                                   002-97007-D


                       ENERGROUP TECHNOLOGIES CORPORATION
                       ----------------------------------
                 (Name of Small Business Issuer in its Charter)

           UTAH                                              82-0420774
           ----                                              ----------

(State or Other Jurisdiction of                     (I.R.S. Employer I.D. No.)
 incorporation or organization)


                         4685 HIGHLAND DR., SUITE 202
                           Salt Lake City, Utah 84117
                           --------------------------
                    (Address of Principal Executive Offices)
                    Issuer's Telephone Number: (801) 278-9424


                              None; Not Applicable.
                              ---------------------
          (Former Name or Former Address, if changed since last Report)



Securities Registered under Section 12(b) of the Exchange Act: None
Name of Each Exchange on Which Registered:                     NASD
Securities Registered under Section 12(g) of the Exchange Act: $0.001 par value
                                                               common stock


     Check  whether  the Issuer (1) 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 Company was required to file such reports),  and (2) has
been subject to such filing requirements for the past 90 days.

     (1)   Yes  X    No            (2)   Yes  X    No
               ---      ---                  ---      ---


     Check  if  disclosure  of  delinquent  filers  in  response  to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,   to  the  best  of  Company's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]

     State Issuer's revenues for its most recent fiscal year: December 31, 2004-
$0.

     State the aggregate market value of the voting stock held by non-affiliates
computed by reference  to the price at which the stock was sold,  or the average
bid and asked  prices of such stock,  as of a specified  date within the past 60
days.

     March 2, 2005 - $161. There are  approximately  161,459 shares of common
voting stock of the Company not held by  affiliates.  Because  there has been no
"public market" for the Company's  common stock during the past three years, the
Company has arbitrarily valued these shares at par value of $0.001 per share.
<PAGE>

                   (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                           DURING THE PAST FIVE YEARS)
None, Not applicable.


                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

     State the number of shares  outstanding of each of the Issuer's  classes of
common equity, as of the latest practicable date:

                                  March 1, 2005
                                    3,641,959

                       DOCUMENTS INCORPORATED BY REFERENCE

     A description of "Documents Incorporated by Reference" is contained in Item
13 of this Report.

Transitional Small Business Issuer Format   Yes  X   No
                                                ---     ---


                                     PART I

Item 1.  Description of Business.
---------------------------------

Business Development.
---------------------

     Organization and Charter Amendments.
     ------------------------------------

     Energroup Technologies Corporation, (the "Company"), was incorporated under
the laws of the State of Utah on March 21,  1985,  under the name of Great Lakes
Funding, Inc.

     The Company's  initial  authorized  capital was  $50,000.00,  consisting of
50,000,000 shares of one mill ($0.001) par value common voting stock.

     On January 9, 1986,  the Articles of  Incorporation  were amended to change
the name from Great Lakes Funding, Inc., to Energroup Technologies Corporation.

     On October 1, 1999, the Articles of Incorporation were amended to reflect a
20 to 1 reverse  split of the  Company's  issued and  outstanding  common stock,
while retaining the current  authorized  capital and par value, with appropriate
adjustments  in the  stated  capital  accounts  and  capital  surplus  accounts;
provided,  however, that no stockholder,  computed on a per stock certificate or
record basis on the effective  date hereof,  currenly  owning 100 or more shares
was reduced to less than 100 shares as a result of the reverse split and that no
stockholder  owning less than 100 shares, on the per stock certificate or record
basis on the effective date hereof, was affected by the reverse split.

Material Changes in Control Since Inception and Related Business History.
-------------------------------------------------------------------------

Business.
---------

     The Company was engaged in the manufacturing of interfacing devices used in
microprocessors-based   control   systems  for  heating,   ventilation  and  air
conditioning  systems.  These operations  proved  unsuccessful,  and the Company
ceased such operations over ten years ago.

     Other than the  above-referenced  matters  and  seeking  and  investigating
potential  assets,  property or  businesses  to acquire,  the Company has had no
material  business  operations  for over ten years.  The  Company  may begin the
search for the acquisition of assets,  property or business that may benefit the
Company and its  stockholders,  once the Board of Directors  sets  guidelines of
industries in which the Company may have an interest.

     The Company is unable to predict the time as to when and if it may actually
participate in any specific business endeavor, and will be unable to do so until
it determines the particular industries to the Company.
<PAGE>

Risk Factors.
-------------

     In any  business  venture,  there are  substantial  risks  specific  to the
particular enterprise which cannot be ascertained until a potential acquisition,
reorganization or merger candidate has been identified;  however,  at a minimum,
the  Company's  present  and  proposed   business   operations  will  be  highly
speculative  and be subject to the same  types of risks  inherent  in any new or
unproven  venture,  and will include those types of risk factors outlined below.

     Extremely Limited Assets;  No Source of Revenue.  The Company has virtually
no  assets  and has had no  revenue  for over the past ten  years or to the date
hereof.  Nor will the  Company  receive  any  revenues  until  it  completes  an
acquisition,  reorganization or merger, at the earliest. The Company can provide
no assurance that any acquired  business will produce any material  revenues for
the Company or its  stockholders  or that any such  business  will  operate on a
profitable  basis.  Although  management  intends to apply any  proceeds  it may
receive through the issuance of stock or debt to a suitable acquisition, subject
to the criteria identified above, such proceeds will not otherwise be designated
for any more specific purpose. The Company can provide no assurance that any use
or allocation of such proceeds will allow it to achieve its business objectives.

     Absence of Substantive  Disclosure  Relating to  Prospective  Acquisitions.
Because the Company has not yet identified any assets, property or business that
it may  acquire,  potential  investors  in the Company  will have  virtually  no
substantive  information  upon which to base a decision whether to invest in the
Company. Potential investors would have access to significantly more information
if  the  Company  had  already  identified  a  potential  acquisition  or if the
acquisition  target  had made an  offering  of its  securities  directly  to the
public.  The Company can provide no assurance that any investment in the Company
will not ultimately prove to be less favorable than such a direct investment.

     Unspecified Industry and Acquired Business; Unascertainable Risks. To date,
the Company has not identified  any particular  industry or business in which to
concentrate  its  acquisition  efforts.   Accordingly,   prospective   investors
currently  have no basis  to  evaluate  the  comparative  risks  and  merits  of
investing in the  industry or business in which the Company may acquire.  To the
extent that the Company  may  acquire a business  in a high risk  industry,  the
Company will become subject to those risks. Similarly, if the Company acquires a
financially  unstable  business  or a  business  that is in the early  stages of
development, the Company will become subject to the numerous risks to which such
businesses  are  subject.  Although  management  intends to  consider  the risks
inherent in any industry and business in which it may become involved, there can
be no assurance that it will correctly assess such risks.

     Uncertain  Structure  of  Acquisition.  Management  has had no  preliminary
contact or discussions  regarding,  and there are no present plans, proposals or
arrangements to acquire any specific assets, property or business.  Accordingly,
it is unclear whether such an acquisition  would take the form of an exchange of
capital stock, a merger or an asset acquisition.

     Risks of "Penny  Stock."  The  Company's  common  stock may be deemed to be
"penny  stock"  as  that  term is  defined  in Reg.  Section  240.3a51-1  of the
Securities and Exchange Commission.  Penny stocks are stocks (i) with a price of
less than five  dollars  per share;  (ii) that are not traded on a  "recognized"
national  exchange;  (iii) whose  prices are not quoted on the NASDAQ  automated
quotation system  (NASDAQ-listed  stocks must still meet requirement (i) above);
or (iv) in issuers with net tangible  assets less than $2,000,000 (if the issuer
has been in continuous  operation for at least three years) or $5,000,000 (if in
continuous  operation  for less than three years),  or with average  revenues of
less than  $6,000,000 for the last three years.

     There has been no  "established  public  market" for the  Company's  common
stock during the last five years. At such time as the Company completes a merger
or acquisition  transaction,  if at all, it may attempt to qualify for quotation
on either NASDAQ or a national securities exchange. However, at least initially,
any  trading  in its  common  stock  will most  likely be  conducted  on the OTC
Bulletin  Board  of the NASD  under  the  symbol  "ENGR".  Section  15(g) of the
Securities  Exchange Act of 1934, as amended,  and Reg. Section 240.15g-2 of the
Securities  and  Exchange  Commission  require  broker-dealers  dealing in penny
stocks to provide  potential  investors with a document  disclosing the risks of
penny stocks and to obtain a manually  signed and dated  written  receipt of the
document  before  effecting any  transaction in a penny stock for the investor's
account.  Potential  investors in the Company's common stock are urged to obtain
and read such disclosure  carefully before purchasing any shares that are deemed
to be "penny  stock."  Moreover,  Reg.  Section  240.15g-9 of the Securities and
Exchange  Commission  requires  broker-dealers  in penny  stocks to approve  the
account of any investor for transactions in such stocks before selling any penny
stock to that investor.  This procedure requires the broker-dealer to (i) obtain
from  the  investor  information  concerning  his  or her  financial  situation,
investment  experience and investment  objectives;  (ii)  reasonably  determine,
based on that  information,  that  transactions in penny stocks are suitable for
the investor and that the investor has sufficient knowledge and experience as to
be reasonably capable of evaluating the risks of penny stock transactions; (iii)
provide the investor with a written  statement  setting forth the basis on which
the  broker-dealer  made the  determination  in (ii) above;  and (iv)  receive a
signed and dated copy of such  statement from the investor,  confirming  that it
accurately reflects the investor's  financial situation,  investment  experience
and investment  objectives.  Compliance with these requirements may make it more
difficult for investors in the Company's  common stock to resell their shares to
third parties or to otherwise dispose of them.

     The Company's Form 211  Application was accepted March 17, 2005 by the NASD
and is now listed on the OTC Bulletin Board under the symbol "ENRG".
<PAGE>

Principal Products or Services and their Markets.
-------------------------------------------------

     None; Not applicable.

Competition.
------------

     None; Not applicable.

Sources and Availability of Raw Materials and Names of Principal Suppliers.
---------------------------------------------------------------------------

     None; Not applicable.

Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements of
Labor Contracts.
----------------

     None; Not applicable.

Need for any Governmental Approval of Principal Products of Services.
---------------------------------------------------------------------

     None; Not applicable.

Effect of Existing or Probable Governmental Regulations on Business.
--------------------------------------------------------------------

     The integrated  disclosure system for small business issuers adopted by the
Securities and Exchange  Commission in Release No.  34-30968 and effective as of
August  13,  1992,   substantially   modified  the   information  and  financial
requirements  of a "Small  Business  Issuer,"  defined to be an issuer  that has
revenues  of less than $25  million;  is a U.S. or  Canadian  issuer,  is not an
investment  company,  and if a majority-owned  subsidiary,  the parent is also a
small  business  issuer,  provided,  however,  an entity is not a small business
issuer if it has a public  float (the  aggregate  market  value of the  issuer's
outstanding  securities  held by  non-affiliates)  of $25  million or more.  The
Company is deemed to be a "small business issuer."

     The Securities and Exchange  Commission,  state securities  commissions and
the North American Securities  Administrators  Association,  Inc. ("NASAA") have
expressed an interest in adopting policies that will streamline the registration
process  and make it easier for a small  business  issuer to have  access to the
public capital markets.
<PAGE>

Sarbanes-Oxley Act.
-------------------

     On July 30, 2002,  President Bush signed into law the Sarbanes-Oxley Act of
2002 (the  "Sarbanes-Oxley  Act"). The Sarbanes-Oxley Act imposes a wide variety
of new regulatory  requirements on  publicly-held  companies and their insiders.
Many of these requirements will affect us. For example:

     *     Our chief executive officer and chief financial officer must
           now certify the accuracy of all of our periodic reports that
           contain financial statements;

     *     Our periodic reports must disclose our conclusions about the
           effectiveness of our disclosure controls and procedures; and

     *     We may not make any loan to any director or executive officer
           and we may not materially modify any existing loans.

     The Sarbanes-Oxley Act has required us to review our current procedures and
policies to determine  whether they comply with the  Sarbanes-Oxley  Act and the
new  regulations  promulgated  thereunder.  We  will  continue  to  monitor  our
compliance  with all future  regulations  that are adopted  under the  Sarbanes-
Oxley Act and will take whatever  actions are necessary to ensure that we are in
compliance.

Research and Development.
-------------------------

     None; Not applicable.

Cost and Effects of Compliance with Environmental Laws.
-------------------------------------------------------

     None; Not applicable.

Number of Employees.
--------------------

     None; Not applicable.

Item 2.  Description of Property.
---------------------------------

     The Company has no assets,  property or business;  its principal  executive
office  address  and  telephone  number  are the  business  office  address  and
telephone number of its majority shareholder, Duane S. Jenson, and are currently
provided at no cost.  Because the Company has had no  business,  its  activities
have been limited to keeping itself in good standing in the State of Utah. These
activities  have  consumed  an  insignificant   amount  of  management's   time;
accordingly,  the costs to Mr.  Jenson of  providing  the use of his  office and
telephone have been minimal.
<PAGE>

Item 3.  Legal Proceedings.
---------------------------

     The  Company  is  not a  party  to any  pending  legal  proceeding.  To the
knowledge  of  management,  no federal,  state or local  governmental  agency is
presently  contemplating  any  proceeding  against  the  Company.  No  director,
executive officer or affiliate of the Company or owner of record or beneficially
of more than five percent of the  Company's  common stock is a party  adverse to
the Company or has a material interest adverse to the Company in any proceeding.

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

     During the year ended  December 31, 2004, no matter was submitted to a vote
of the Company's securities holders, whether through the solicitation of proxies
or otherwise.


                                     PART II

Item 5.  Market for Common Equity and Related Stockholder Matters.
------------------------------------------------------------------

Equity Compensation Plans.
--------------------------

     The Company does not currently have nor does it intend on  implementing  an
Equity Compensation Plan.

Market Information.
-------------------

     The  Company's  common  stock was listed on the OTC  Bulletin  Board of the
National  Association of Securities Dealers ("NASD") on March 17, 2005 under the
symbol "ENRG".  There is currently no established  "public market" for shares of
common stock of the  Company.  Management  does not expect any public  market to
develop unless and until the Company  completes an acquisition or merger. In any
event, no assurance can be given that any market for the Company's  common stock
will develop or be maintained.

Holders.
--------

     The number of record  holders of the Company's  common stock as of the date
of this Report is approximately 163.

Purchasers of Equity  Securities  by the Small  Business  Issuer and  Affiliated
Purchasers.
-----------

     None; not applicable.

Dividends.
----------

     The Company has not declared any cash  dividends with respect to its common
stock and does not intend to declare  dividends in the foreseeable  future.  The
future dividend policy of the Company cannot be ascertained  with any certainty,
and until the Company completes any acquisition, reorganization or merger, as to
which no assurance may be given, no such policy will be formulated. There are no
material  restrictions  limiting,  or that are  likely to limit,  the  Company's
ability to pay dividends on its common stock.
<PAGE>

Sales of "Unregistered" and "Restricted" Securities Over The Past Three Years.
------------------------------------------------------------------------------

     On September 24, 1999,  the Company  issued  1,698,000  "unregistered"  and
"restricted" common shares to Jenson Services, Inc., in consideration of payment
of $1,698 of  expenses  incurred  on behalf of the  Company.  These  shares were
issued at par value, one mill ($0.001).

     On September  24,  1999,  the Company  issued  500,000  "unregistered"  and
"restricted" common shares to James Doolin, President and Director. These shares
were in  consideration  of services  rendered and issued at par value,  one mill
($0.001).

     On September  24,  1999,  the Company  issued  500,000  "unregistered"  and
"restricted"  common shares to Alycia  Anthony,  Secretary  and Director.  These
shares were in consideration  of services  rendered and issued at par value, one
mill ($0.001).

     On  November  1,  1999,  the  Company  issued  782,500  "unregistered"  and
"restricted" common shares to Jenson Services, Inc., in consideration of payment
of $782.50 of expenses  incurred  on behalf of the  Company.  These  shares were
issued at par value, one mill ($0.001).

Item 6.  Management's Discussion and Analysis or Plan of Operation.
-------------------------------------------------------------------

Plan of Operation.
------------------

     The Company has not engaged in any material  operations or had any revenues
from  operations  during  the last  two  fiscal  years.  The  Company's  plan of
operation  for the next 12  months is to  continue  to seek the  acquisition  of
assets,   properties  or  businesses  that  may  benefit  the  Company  and  its
stockholders.  Management anticipates that to achieve any such acquisition,  the
Company will issue shares of its common stock as the sole consideration for such
acquisition.

     During the next 12 months, the Company's only foreseeable cash requirements
will  relate to  maintaining  the  Company in good  standing  or the  payment of
expenses  associated  with  reviewing or  investigating  any potential  business
venture.  As of  December  31,  2004,  it had no cash or  cash  equivalents.  If
additional funds are required during this period,  such funds may be advanced by
management or stockholders as loans to the Company.  Because the Company has not
identified  any such venture as of the date of this Report,  it is impossible to
predict  the amount of any such loan.  However,  any such loan should not exceed
$25,000  and will be on terms no less  favorable  to the  Company  than would be
available  from a commercial  lender in an arm's length  transaction.  As of the
date of this  Report,  the Company is not engaged in any  negotiations  with any
person regarding any such venture.
<PAGE>

Results of Operations.
----------------------

     Other than  maintaining  its good corporate  standing in the State of Utah,
compromising  and  settling  its debts and  seeking the  acquisition  of assets,
properties or businesses that may benefit the Company and its stockholders,  the
Company has had no material business  operations in the two most recent calendar
years.

     At  December  31,  2004,  the  Company's  had no  assets.  See the Index to
Financial Statements, Item 7 of this Report.

     The  Company  has  received  no  revenues  in either of its two most recent
calendar years. See the Index to Financial Statements, Item 7 of this Report.

Liquidity.
----------

     The Company has no cash or cash  equivalents  on hand. If additional  funds
are required,  such funds may be advanced by management or stockholders as loans
to the  Company.  Because the  Company has not  identified  any  acquisition  or
venture, it is impossible to predict the amount of any such loan.

Item 7.  Financial Statements.
------------------------------

Independent Auditors' Report

Balance Sheet -- December 31, 2004

Statements of Operations for the years ended December 31, 2004 and 2003 and
for the period from Reactivation [December 4, 1998] through December 31, 2004

Statements of Stockholders' Deficit for the period from Reactivation [December
4, 1998] through December 31, 2004.

Statements of Cash Flows for the years ended December 31, 2004 and 2003 and
for the period from Reactivation [December 4, 1998] through December 31, 2004

Notes to Financial Statements


<PAGE>




                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
Financial Statements and Report of Independent Registered Public Accounting Firm
                                December 31, 2004


<PAGE>
<TABLE>
<CAPTION>



                              ENERGROUP TECHNOLOGIES CORPORATION
                                 [A Development Stage Company]
                                       TABLE OF CONTENTS


                                                                                                                               Page

<S>                                                                                                                              <C>
Report of Independent Registered Public Accounting Firm                                                                          1

Balance Sheet -- December 31, 2004                                                                                               2

Statements of Operations for the years ended December 31, 2004 and 2003 and  for
the period from Reactivation [December 14, 1998] through December 31, 2004                                                       3

Statements of Stockholders' Deficit for the years ended December 31, 2004, and
2003 and for the period from Reactivation [December 14, 1998] through December                                                   4
31, 2004

Statements of Cash Flows for the years ended December 31, 2004 and 2003, and
for the period from Reactivation [December 14, 1998] through December 31, 2004                                                   5

Notes to Financial Statements                                                                                                 6 -- 9

</TABLE>

<PAGE>



                   REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


The Board of Directors and Shareholders
Energroup Technologies Corporation [a development stage company]


We have  audited  the  accompanying  balance  sheet  of  Energroup  Technologies
Corporation  [a  development  stage  company] as of December 31,  2004,  and the
related statements of operations,  stockholders' deficit, and cash flows for the
years ended  December  31, 2004 and 2003,  and for the period from  Reactivation
[December 14, 1998] through  December 31, 2004.  These financial  statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audit.

We conducted  our audit in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audit  provides  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all  material  respects,   the  financial  position  of  Energroup  Technologies
Corporation  [a  development  stage  company] as of December 31,  2004,  and the
results of its  operations  and cash flows for the years ended December 31, 2004
and 2003 and for the period from  Reactivation  through  December 31,  2004,  in
conformity with U.S. generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial  statements,  the Company has accumulated  losses from operations,  no
assets,  and a net working capital deficiency that raise substantial doubt about
its  ability to  continue as a going  concern.  Management's  plans in regard to
these  matters are also  described in Note 2. The  financial  statements  do not
include any adjustments that might result from the outcome of this uncertainty.



                                                              Mantyla McReynolds

Salt Lake City, Utah
February 15, 2005


                                              1
<PAGE>
<TABLE>
<CAPTION>


                              ENERGROUP TECHNOLOGIES CORPORATION
                                [A Development Stage Company]
                                        Balance Sheet
                                      December 31, 2004


                                            ASSETS


<S>                                                                            <C>
Assets                                                                         $                 0
                                                                                 ------------------
                       Total Assets                                            $                 0
                                                                                 ==================



                            LIABILITIES AND STOCKHOLDERS' DEFICIT



Liabilities:
  Current Liabilities:
  Accrued liabilities                                                          $               100
  Payable to shareholders - NOTE 4                                                          13,070
                                                                                 ------------------
                 Total Current Liabilities                                                  13,170
                                                                                 ------------------
                     Total Liabilities                                                      13,170

Stockholders' Deficit:
  Capital Stock -- 50,000,000 shares authorized having a
   par value of $.001 per share; 3,641,959 shares issued
   and outstanding - NOTE 4                                                                  3,642
  Additional Paid-in Capital                                                               318,571
  Accumulated Deficit                                                                     (318,732)
  Accumulated Deficit during development stage                                             (16,651)
                                                                                 ------------------
                Total Stockholders' Deficit                                                (13,170)
                                                                                 ------------------
        Total Liabilities and Stockholders' Deficit                            $                 0
                                                                                 ==================


</TABLE>






                       See accompanying notes to financial statements.
                                              2

<PAGE>
<TABLE>
<CAPTION>


                              ENERGROUP TECHNOLOGIES CORPORATION
                                [A Development Stage Company]
                                   Statements of Operations
     For the Years Ended December 31, 2004 and 2003, and for the Period from Reactivation
                        [December 14, 1998] through December 31, 2004


                                                                                         Reactivation
                                                                                            through
                                                                                           December
                                                        2004              2003             31, 2004
                                                   --------------     -------------     ---------------
<S>                                            <C>                <C>               <C>
Revenues                                       $               0  $              0  $                0

General & Administrative Expenses                          3,366              2,505             15,022
                                                   --------------     -------------     ---------------

               Operating Loss                             (3,366)           (2,505)            (15,022)

                                                   --------------     -------------     ---------------
        Net Loss Before Income Taxes                      (3,366)           (2,505)            (15,022)

Current Year Provision for Income Taxes                      100               100                1,629
                                                   --------------     -------------     ---------------

Net Loss                                       $          (3,466) $         (2,605) $          (16,651)
                                                   ==============     =============     ===============


Loss Per Share                                 $            (.01) $           (.01) $             (.01)
                                                   ==============     =============     ===============

Weighted Average Shares Outstanding                    3,641,959          3,641,959           3,174,054
                                                   ==============     =============     ===============


</TABLE>










                       See accompanying notes to financial statements.
                                              3
<PAGE>
<TABLE>
<CAPTION>


                              ENERGROUP TECHNOLOGIES CORPORATION
                                [A Development Stage Company]
                             Statements of Stockholders' Deficit
     For the Years Ended December 31, 2004 and 2003 and for the Period from Reactivation
                        [December 14, 1998] through December 31, 2004


                                                                 Additional                             Net
                                   Common          Common          Paid-in        Accumulated      Stockholders'
                                   Shares           Stock          Capital          Deficit           Deficit
                                 ------------     ----------     ------------      -----------      -------------
<S>                               <C>        <C>            <C>              <C>              <C>
Balance, December 14, 1998,
(Reactivation date)               3,051,425  $       3,051  $        315,681 $      (318,732) $               0

Net loss for the Period Ended
 December 31, 1998                                                                         0                  0
                                ------------     ----------     ------------      -----------      -------------
Balance, December 31, 1998        3,051,425         3,051          315,681         (318,732)                  0

Reverse split, one for twenty,
September 30, 1999               (2,889,966)        (2,890)            2,890                                   0

Issued stock to shareholder for
debt at par, September 30, 1999   1,698,000          1,698                0                               1,698

Issued stock to Directors for
services at par,  September 30,
1999                              1,000,000          1,000                0                               1,000

Issued stock to shareholder for
debt at par, October 31, 1999       782,500            783                0                                 783

Net loss for the Year Ended
 December 31, 1999                                                                   (3,807)             (3,807)
                                ------------     ----------     ------------      -----------      -------------
Balance, December 31, 1999        3,641,959          3,642          318,571        (322,539)               (326)

Net loss for the Year Ended
December 31, 2000                                                                    (2,492)             (2,492)
                                ------------     ----------     ------------      -----------      -------------
Balance, December 31, 2000        3,641,959          3,642          318,571        (325,031)             (2,818)

Net loss for the Year Ended
December 31, 2001                                                                    (1,654)             (1,654)
                                ------------     ----------     ------------      -----------      -------------
Balance December 31, 2001         3,641,959          3,642          318,571        (326,685)             (4,472)

Net loss for the Year Ended
December 31, 2002                                                                    (2,627)             (2,627)
                                ------------     ----------     ------------      -----------      -------------
Balance, December 31, 2002        3,641,959          3,642          318,571        (329,312)             (7,099)

Net loss for the Year Ended
December 31, 2003                                                                    (2,605)             (2,605)
                                ------------     ----------     ------------      -----------      -------------
December 31, 2003                 3,641,959          3,642          318,571        (331,917)             (9,704)

Net loss for the Year Ended
December 31, 2004                                                                    (3,466)             (3,466)
                                ------------     ----------     ------------      -----------      -------------
December 31, 2004                 3,641,959 $        3,642 $        318,571 $      (335,383) $          (13,170)
                                ============     ==========     ============      ===========      =============

</TABLE>


                         See accompanying notes to financial statements.
                                                4
<PAGE>
<TABLE>
<CAPTION>


                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                    Statements of Cash Flows
      For the Years Ended December 31, 2004 and 2003, and for the Period from Reactivation
                          [December 14, 1998] through December 31, 2004

                                                                                           Reactivation
                                                                                              through
                                                                                             December
                                                              2004            2003           31, 2004
                                                           -----------     -----------     -------------
<S>                                                    <C>              <C>            <C>
Cash Flows from Operating Activities
Net Loss                                               $       (3,466)  $      (2,605) $        (16,651)
Adjustments to reconcile net income to net cash provided by
 operating activities:
     Issued shares to directors for services                         0               0             3,381
     Increase in liability to shareholder                        3,466           2,605            13,170
     Increase in current liabilities                                 0               0               100
                                                           -----------     -----------     -------------
        Net Cash Used for Operating Activities                       0               0                 0

            Net Increase/(Decrease) in Cash                          0               0                 0

Beginning Cash Balance                                               0               0                 0
                                                           -----------     -----------     -------------

Ending Cash Balance                                    $             0   $           0  $              0
                                                           ===========     ===========     =============

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the year for interest               $             0   $           0  $              0
  Cash paid during the year for income taxes                         0               0                 0
  Issued common stock for shareholder debt                           0               0             3,381



</TABLE>


                         See accompanying notes to financial statements.
                                                5
<PAGE>



                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                        December 31, 2004


NOTE 1         ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
               POLICIES

               (a)    Organization

          Energroup  Technologies  Corporation  was  formed in August of 1983 as
          Facility  Maintenance  Management,  Inc. In August  1985,  the Company
          began to develop,  manufacture  and sell  sensory and output  products
          used in energy management  control systems.  The Company  discontinued
          its efforts in late 1987 but began reactivation activities on December
          14, 1998. The Company is now in the  development  stage and is seeking
          new business opportunities.

          The  financial  statements  of  the  Company  have  been  prepared  in
          accordance with U.S. generally  accepted  accounting  principles.  The
          following summarizes the more significant of such policies:

               (b)    Income Taxes

          The  Company   applies  the   provisions  of  Statement  of  Financial
          Accounting  Standards No. 109 [the  Statement],  Accounting for Income
          Taxes.  The  Statement  requires an asset and  liability  approach for
          financial   accounting  and  reporting  for  income  taxes,   and  the
          recognition of deferred tax assets and  liabilities  for the temporary
          differences between the financial reporting basis and tax basis of the
          Company's  assets and  liabilities at enacted tax rates expected to be
          in effect when such amounts are realized or settled.

               (c)    Net Loss Per Common Share

          Loss per  common  share is based  on the  weighted-average  number  of
          shares outstanding.









                                                6
<PAGE>

                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                        December 31, 2004
                                           [Continued]

NOTE 1         ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
               POLICIES [continued]

               (d)    Statement of Cash Flows

          For purposes of the  statements of cash flows,  the Company  considers
          cash on deposit  in the bank to be cash.  The  Company  had $0 cash at
          December 31, 2004.

               (e)    Use of Estimates in Preparation of Financial Statements

          The  preparation  of financial  statements  in  conformity  with U. S.
          generally accepted  accounting  principles requires management to make
          estimates and assumptions  that affect the reported  amounts of assets
          and liabilities and disclosure of contingent assets and liabilities at
          the date of the  financial  statements  and the  reported  amounts  of
          revenues and expenses  during the  reporting  period.  Actual  results
          could differ from those estimates.

NOTE 2         LIQUIDITY/GOING CONCERN

          The Company has accumulated losses since Reactivation through December
          31, 2004  amounting to $16,651,  has no assets,  and has a net working
          capital   deficiency  at  December  31,  2004.   These  factors  raise
          substantial  doubt about the Company's  ability to continue as a going
          concern.

          Management plans include finding a  well-capitalized  merger candidate
          to recommence its operations.  The financial statements do not include
          any   adjustments   that  might   result  from  the  outcome  of  this
          uncertainty.













                                                7
<PAGE>

                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                        December 31, 2004
                                           [Continued]

NOTE 3         INCOME TAXES

          Below is a summary of deferred tax asset calculations on net operating
          loss carry forward amounts.  Loss carry forward amounts expire through
          2024. A valuation  allowance  is provided  when it is more likely than
          not that some  portion of the deferred tax asset will not be realized.
          The  income  tax  provision  for the  current  year  represents  state
          franchise taxes paid to bring the Company current.

                                             NOL
Description                                Balance          Tax           Rate
   Federal Income Tax                          $15,522        $2,328      15%
   State Income Tax                             11,556           578       5%
   Valuation allowance                                       (2,906)
                                                       -------------
        Deferred tax asset 12/31/04                               $0

          The allowance has increased  $520 from $2,386 as of December 31, 2003.
          The  amount  shown on the  balance  sheet  for  income  taxes  payable
          represents the annual minimum franchise tax amount due to the State of
          Utah.

NOTE 4         COMMON STOCK/RELATED PARTY TRANSACTIONS

          On September  24, 1999,  the Company's  Board of Directors  effected a
          reverse split of the outstanding  common stock on the basis of one for
          twenty,  effective  September  30, 1999,  while  retaining the current
          authorized  capital and par value.  No stockholder  received less than
          100 post split shares; appropriate adjustments were made to the stated
          capital accounts and capital surplus accounts.

          Additional post split shares have been issued in the following manner:

Description                                                   Number of Shares
--------------------------------------------      ----------------------------
Issued to consultant for services at par                             2,480,500
Issued to directors for services at par                              1,000,000
     Total post-split shares issued                                  3,480,500



                                                8

<PAGE>

                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                        December 31, 2004
                                           [Continued]

NOTE 4         COMMON STOCK/RELATED PARTY TRANSACTIONS [continued]

          A shareholder has paid general and  administrative  expenses on behalf
          of the  Company,  through  December  31, 2004 and 2003,  of $3,466 and
          $2,605,  respectively.  The  Company has  recorded a liability  to the
          shareholder  of  $13,070,  as of  December  31,  2004.  The balance is
          payable on demand and is non-interest bearing.
































                                                9

<PAGE>

Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
------------------------------------------------------------------------

     None; Not applicable.


                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control  Persons;
Compliance with Section 16(a) of the Exchange Act.

Identification of Directors and Executive Officers.
---------------------------------------------------

     The  following  table sets  forth the names of all  current  directors  and
executive  officers  of the  Company.  These  persons  will serve until the next
annual  meeting of the  stockholders  or until their  successors  are elected or
appointed and qualified, or their prior resignation or termination.

<TABLE>
<CAPTION>

                                   Date of         Date of
                    Positions    Election or     Termination
Name                  Held       Designation   or Resignation
----                  ----       -----------   --------------
<S>                   <C>             <C>            <C>
Stephen R. Fry        President        01/03          *
                      Director         01/03          *

James P. Doolin       President        09/99        01/03
                      Director         09/99        01/03

Barry Richmond        Vice President   02/86          *
                      Director         03/86          *

Thomas J. Howells     Secretary        04/01          *
                      Director         04/01          *

</TABLE>
     * These persons presently serve in the capacities indicated.

Business Experience.
--------------------

     Stephen  R. Fry,  President  and a  director  is 32 years of age.  Mr.  Fry
received  bachelor  degrees from the  University of Utah in  Communications  and
Spanish in June 1995.  Mr. Fry has owned Diamond  Executive  Detail,  a Utah LLC
since 1995.

     Barry  Richmond,  Vice  President  and a director  is 52 years of age.  Mr.
Richmond is currently a Colonel for the United States Army.

     Thomas J. Howells, Secretary and a director is 32 years of age. Mr. Howells
graduated from  Westminster  College of Salt Lake City,  Utah,  with a bachelors
degree in Business in 1995 and Master of Business  Administration  in 2004.  Mr.
Howells has been an employee of Jenson Services,  Inc., a Utah Corporation since
1995.
<PAGE>

Committees
----------

     There are no established committees.  The Company does not currently have a
financial expert serving on an audit committee as one does not currently exist.

Significant Employees.
----------------------

     The Company has no employees  who are not executive  officers,  but who are
expected to make a significant contribution to the Company's business.

Family Relationships.
---------------------

     None; Not Applicable.

Involvement in Certain Legal Proceedings.
-----------------------------------------

     Except as stated  above,  during the past five years,  no director,  person
nominated to become a director, executive officer, promoter or control person of
the Company:

          (1) was a general partner or executive officer of any business against
     which  any  bankruptcy  petition  was  filed,  either  at the  time  of the
     bankruptcy or two years prior to that time;

          (2) was  convicted  in a  criminal  proceeding  or named  subject to a
     pending criminal  proceeding  (excluding traffic violations and other minor
     offenses);

          (3) was  subject to any order,  judgment or decree,  not  subsequently
     reversed,  suspended or vacated,  of any court of  competent  jurisdiction,
     permanently  or  temporarily  enjoining,  barring,  suspending or otherwise
     limiting his  involvement  in any type of business,  securities  or banking
     activities; or

          (4)  was  found  by a  court  of  competent  jurisdiction  (in a civil
     action),  the Securities and Exchange  Commission or the Commodity  Futures
     Trading  Commission  to have  violated  a federal  or state  securities  or
     commodities  law,  and the  judgment  has not been  reversed,  suspended or
     vacated.

Code of Ethics.
---------------

     The  Company  is in the  process  of  adopting  a Code  of  Ethics  for our
executive  officers.  We expect to adopt such a Code of Ethics at our next Board
of Directors meeting.
<PAGE>

Compliance with Section 16(a) of the Exchange Act.
--------------------------------------------------

     Form 3,  Statement  of  Beneficial  Ownership,  have  been  filed  with the
Securities  and  Exchange  Commission;  there  have  been no  changes  in  their
beneficial  ownership of shares of common stock of the Company  since the filing
of their Form 3 on February 18, 2000.

Item 10. Executive Compensation.
--------------------------------

     The  following  table sets  forth the  aggregate  compensation  paid by the
Company for services rendered during the periods indicated:

<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE

                             Long Term Compensation
                    Annual Compensation   Awards  Payouts
(a)             (b)   (c)   (d)   (e)    (f)   (g)    (h)   (i)

                                               Secur-
                                               ities         All
Name and   Year or               Other   Rest- Under-  LTIP  Other
Principal  Period   Salary Bonus Annual  ricte dlying  Pay-  Comp-
Position   Ended      ($)   ($)  Compen- Stock Options outs  ensat'n
-----------------------------------------------------------------
<S>         <C>       <C>   <C>   <C>    <C>    <C>    <C>   <C>
Stephen R.    12/31/04    0     0     0     0      0     0   0
Fry           12/31/03    0     0     0     0      0     0   0
President,    12/31/02    0     0     0     0      0     0   0
Director

James
Doolin,
FORMER
President,    12/31/03    0     0     0     0      0     0   0
Director      12/31/02    0     0     0     0      0     0   0


Barry
Richmond      12/31/04    0     0     0     0      0     0   0
Vice Pres./   12/31/03    0     0     0     0      0     0   0
Director      12/31/02    0     0     0     0      0     0   0

Thomas        12/31/04    0     0     0     0      0     0   0
Howells       12/31/03    0     0     0     0      0     0   0
Secretary     12/31/02    0     0     0     0      0     0   0
Director


</TABLE>

     On September 24, 1999 the Company authorized the issuance of 500,000 shares
of its "unregistered" and "restricted"  securities to be issued to James Doolin,
a former  President  and Director and Alycia  Anthony,  a former  Secretary  and
Director.  Other  than  the  aforementioned,  no  cash  compensation,   deferred
compensation  or long-term  incentive  plan awards were issued or granted to the
Company's  management  during the calendar years ending December 31, 2004, 2003,
or 2002, or the period ending on the date of this Report.
<PAGE>

Compensation of Directors.
--------------------------

     There  are  no  standard  arrangements  pursuant  to  which  the  Company's
directors are compensated for any services  provided as director.  No additional
amounts are payable to the Company's  directors for committee  participation  or
special assignments.

Employment Contracts and Termination of Employment and
Change-in-Control Arrangements.
-------------------------------

     There are no  employment  contracts,  compensatory  plans or  arrangements,
including payments to be received from the Company, with respect to any director
or executive officer of the Company which would in any way result in payments to
any  such  person  because  of his  or  her  resignation,  retirement  or  other
termination  of  employment  with the Company or any  subsidiary,  any change in
control of the Company, or a change in the person's responsibilities following a
change in control of the Company.

Item 11. Security Ownership of Certain Beneficial Owners and Management.
------------------------------------------------------------------------

Security Ownership of Certain Beneficial Owners.
------------------------------------------------

     The  following  table sets forth the  shareholdings  of those  persons  who
beneficially  own more than five percent of the Company's common stock as of the
date of December  31, 2004,  with the  computations  being based upon  3,641,959
shares of common stock being outstanding.
<TABLE>
<CAPTION>

                            Number of Shares           Percentage
Name                      Beneficially Owned           of Class (1)
----------------           ------------------           --------
<S>                          <C>                       <C>
Jenson Services, Inc.*        2,480,500                  68%

James Doolin                  500,000                    14%

Alycia Anthony                500,000                    14%

                              -------                    -----
                              3,480,500                  96%

     * Duane Jenson is the President of Jenson Services, Inc., and may be deemed
the beneficial owner of Jenson Services, Inc.
</TABLE>
<PAGE>

Security Ownership of Management.
---------------------------------

     The following table sets forth the shareholdings of the Company's directors
and executive officers as of 12/31/2004:

<TABLE>
<CAPTION>
                            Number of             Percentage of
Name and Address     Shares Beneficially Owned     of Class *
----------------     -------------------------     --------
<S>                            <C>                  <C>
Steve Fry                           0                 0
808 East 1300 South
Salt Lake City, UT  84105

Thomas J. Howells*                   0                 0
468 Highland Dr., Suite 202
Salt Lake City, UT  84117

Barry Richmond                    13,709              0%
Po Box 62
Nineveh, IN 46131
                                -------              ------
All directors and
executive officers               513,709              14%
as a group (3 persons)
</TABLE>

     * Mr. Howells is employed by Jenson Services,  Inc., the Company's majority
shareholder,  however he is not deemed a beneficial owner of the Jenson Services
shares. See the caption "Security Ownership of Certain Beneficial Shares" above.

Changes in Control.
-------------------

     To the  knowledge  of  the  Company's  management,  there  are  no  present
arrangements or pledges of the Company's securities which may result in a change
in control of the Company.

Item 12. Certain Relationships and Related Transactions.
--------------------------------------------------------

Transactions with Management and Others.
----------------------------------------

     For a description  of  transactions  between  members of  management,  five
percent  stockholders,  "affiliates",  promoters  and  finders,  see the caption
"Sales of "Unregistered" and "Restricted"  Securities Over the Past Three Years"
of Item I.
<PAGE>

Item 13. Exhibits and Reports on Form 8-K.
------------------------------------------

Reports on Form 8-K.
--------------------

        None; Not Applicable.

Exhibits
--------

EX 31.1 Certification of Steve Fry,  the Company's President,  pursuant to
        section 302 of the Sarbanes-Oxley Act of 2002

EX 31.2 Certification of Thomas J. Howells, the Company's Secretary, pursuant
        to section 302 of the Sarbanes-Oxley Act of 2002

EX 32   Certification  of Steve Fry and Thomas Howells pursuant to
        section 906 of the Sarbanes-Oxley Act of 2002


Item 14.  Principal Accounting Fees and Services.
-------------------------------------------------

     The  Following  is a  summary  of the fees  billed  to the  Company  by its
principal accountants during the fiscal years ended December 31, 2004 and 2003:
<TABLE>
<S>                                          <C>             <C>

        Fee category                            2004            2003
        ------------                            ----            ----

        Audit fees                            $ 2,708         $ 2,330

        Audited-related fees                  $     0         $     0

        Tax fees                              $     0         $   175

        All other fees                        $     0         $     0
                                                -----           -----
        Total fees                            $ 2,708         $ 2,505
</TABLE>

     Audit Fees.  Consists  of fees for  professional  services  rendered by our
principal accountants for the audit of the Company's annual financial statements
and review of the financial statements included in the Company's Forms 10-KSB or
services that are normally  provided by our principal  accountants in connection
with statutory and regulatory filings or engagements.

     Audit-related  fees. Consists of fees for assurance and related services by
our principal  accountants that are reasonably related to the performance of the
audit or review of the Company's financial statements and are not reported under
"Audit fees."

     Tax  fees.  Consists  of fees for  professional  services  rendered  by our
principal accountants for tax compliance, tax advice and tax planning.

     All other fees.  Consists of fees for products and services provided by our
principal  accountants,  other than the services  reported  under "Audit  fees,"
"Audit-related  fees," and "Tax fees" above.
<PAGE>

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit
Services of Independent Auditors.
---------------------------------

     The  Company  has not adopted an Audit  Committee,  therefore,  there is no
Audit  Committee  policy in this regard.  However,  the Company does not require
approval in advance of the performance of  professional  services to be provided
to the Company by its principal accountant.  Additionally, all services rendered
by our  principal  accountant  are  performed  pursuant to a written  engagement
letter between us and the principal accountant.

<PAGE>
                              SIGNATURES

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

                                       ENERGROUP TECHNOLOGIES CORPORATION



Date:  3/24/05                         By/S/Stephen R. Fry
                                       Stephen R. Fry
                                       President and Director



     In  accordance  with the Exchange Act, this Report has been signed below by
the following  persons on behalf of the  Registrant and in the capacities and on
the dates indicated:


                                       ENERGROUP TECHNOLOGIES CORPORATION



Date:  3/24/05                         By/S/Stephen R. Fry
                                       Stephen R. Fry
                                       President and Director


Date:  3/24/05                          By/S/Thomas J. Howells
                                        Thomas J. Howells
                                        Secretary and Director


<PAGE>