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, 2001
                               -----------------

[ ]  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)


                 5525 SOUTH 900 EAST, SUITE 110 Salt Lake City,
                                   Utah 84117
                           ---------------------------
                    (Address of Principal Executive Offices)
                    Issuer's Telephone Number: (801) 262-8844


                       ENERGROUP TECHNOLOGIES CORPORATION
                                  -------------

          (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:                     None
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, 2001-
$0.

<PAGE>

     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.

     January 01, 2002 - $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.

                   (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:

                                January 1. 2002
                                    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
                                                ---     ---
<PAGE>

                                     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
shall be 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,  shall be 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.

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.
<PAGE>

     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  in  the
over-the-counter  market in the "pink  sheets" or the OTC Bulletin  Board of the
NASD. 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.
<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.

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.

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 fourth  quarter of the year ended  December 31, 2001,  no matter
was submitted to a vote of the Company's securities holders, whether through the
solicitation of proxies or otherwise.
<PAGE>

                                     PART II

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

Market Information
------------------

     There has been no "public market" for shares of common stock of the Company
for over the past  three  years.  However,  the  Company  intends  to submit for
quotations  regarding its common stock on the OTC Bulletin Board of the National
Association of Securities Dealers ("NASD");  however, 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.

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.

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,  Ex-Secretary  and  Ex-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).

<PAGE>

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,  2001,  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.

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

     Other than restoring and maintaing 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, 2001,  the  Company's  had no  assets.  See the Index to
Financial Statements, Item 7 of this Report.

     During the period ended  December  31, 2001, the Company had a net loss of
$1,654.  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.
         ---------------------

     Financial Statements for the year ended December 31, 2001

          Independent Auditors' Report

          Balance Sheets - December 31, 2001 and 2000

          Statements of Operations for the year ended
          December 31, 2001 and 2000

          Statements of Stockholders' Equity for the
          year ended December 31, 2001 and 2000

          Statements of Cash Flows for the year ended
          December 31, 2001 and 2000

          Notes to the Financial Statements

<PAGE>
                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
              Financial Statements and Independent Auditors' Report
                                December 31, 2001

<PAGE>
<TABLE>
<CAPTION>


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


                                                                                                                               Page

<S>                                                                                                                              <C>
Independent Auditors' Report                                                                                                     1

Balance Sheet -- December 31, 2001                                                                                               2

Statements of Operations for the years ended December 31, 2001 and 2000 and  for
the period from Reactivation [December 14, 1998] through December 31, 2001                                                       3

Statements of Stockholders' Deficit for the years ended December 31, 2001, and
2000 and for the period from Reactivation [December 14, 1998] through December                                                   4
31, 2001

Statements of Cash Flows for the years ended December 31, 2001 and 2000, and
for the period from Reactivation [December 14, 1998] through December 31, 2001                                                   5

Notes to Financial Statements                                                                                                 6 -- 8

</TABLE>
<PAGE>

                          INDEPENDENT AUDITORS' REPORT


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,  2001,  and the
related statements of operations,  stockholders' deficit, and cash flows for the
years ended  December  31, 2001 and 2000,  and for the period from  Reactivation
[December 14, 1998] through  December 31, 2001.  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 U.S.  generally  accepted  auditing
standards.  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,  2001,  and the
results of operations  and cash flows for the years ended  December 31, 2001 and
2000  and for the  period  from  Reactivation  through  December  31,  2001,  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.


                                                           /S/MANTYLA MCREYNOLDS
                                                              Mantyla McReynolds

Salt Lake City, Utah
January 31, 2002
<PAGE>
<TABLE>
<CAPTION>

                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                                  Balance Sheet
                                December 31, 2001


                                     ASSETS


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



                              LIABILITIES AND STOCKHOLDERS' DEFICIT



Liabilities:
  Current Liabilities:
  Accrued liabilities                                                          $               100
  Payable to shareholders - NOTE 4                                                           4,372
                                                                                 ------------------
                 Total Current Liabilities                                                   4,472
                                                                                 ------------------
                     Total Liabilities                                                       4,472

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                                              (7,953)
                                                                                 ------------------
                Total Stockholders' Deficit                                                 (4,472)
                                                                                 ------------------
        Total Liabilities and Stockholders' Deficit                            $                 0
                                                                                 ==================






                         See accompanying notes to financial statements.

</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                            Statements of Operations
 For the Years Ended December 31, 2001 and 2000, and for the Period from Reactivation
                  [December 14, 1998] through December 31, 2001


                                                                                         Reactivation
                                                                                            through
                                                                                           December
                                                        2001              2000             31, 2001
                                                   --------------     -------------     ---------------
<S>                                            <C>                <C>               <C>
Revenues                                       $               0  $              0  $                0

General & Administrative Expenses                          1,554             2,335               6,624
                                                   --------------     -------------     ---------------

               Operating Loss                             (1,554)           (2,335)             (6,624)

                                                   --------------     -------------     ---------------
        Net Loss Before Income Taxes                      (1,554)           (2,335)             (6,624)

Current Year Provision for Income Taxes                      100               157               1,329
                                                   --------------     -------------     ---------------

Net Loss                                       $          (1,654) $         (2,492) $           (7,953)
                                                   ==============     =============     ===============


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

Weighted Average Shares Outstanding                    3,641,959         3,641,959            2,713,295
                                                   ==============     =============     ===============








                        See accompanying notes to financial statements.

</TABLE>
<PAGE>

<TABLE>
<CAPTION>

                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                       Statements of Stockholders' Deficit
 For the Years Ended December 31, 2001 and 2000, and for the Period from Reactivation
                  [December 14, 1998] through December 31, 2001


                                                             Additional                             Net
                               Common          Common          Paid-in        Accumulated      Stockholders'
                               Shares           Stock          Capital          Deficit           Deficit
                            ------------     ----------     ------------      -----------      -------------
Balance, December 14, 1998,
<S>                           <C>        <C>            <C>              <C>              <C>
(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, 19991,698,000          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)
December 31, 2001              3,641,959          3,642          318,571        (326,685)            (4,472)
                            ============     ==========     ============      ===========      =============










                         See accompanying notes to financial statements.

</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                            Statements of Cash Flows
 For the Years Ended December 31, 2001 and 2000, and for the Period from Reactivation
                  [December 14, 1998] through December 31, 2001

                                                                                           Reactivation
                                                                                              through
                                                                                             December
                                                              2001            2000           31, 2001
                                                           -----------     -----------     -------------
Cash Flows from Operating Activities
<S>                                                    <C>              <C>            <C>
Net Loss                                               $       (1,654)  $      (2,492) $         (7,953)
Adjustments to reconcile net income to net cash provided by
 operating activities:
     Issued shares for directors for services                                                      3,481
     Increase in liability to shareholder                        1,654           2,492             4,372
     Increase in current liabilities                                                                 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
















                         See accompanying notes to financial statements.

</TABLE>
<PAGE>


                               ENERGROUP TECHNOLOGIES CORPORATION
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                        December 31, 2001

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  adopted 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 bases
               and tax bases of the Company's  assets and liabilities at enacted
               tax rates expected to be in effect when such amounts are realized
               or  settled.  Prior  years'  financial  statements  have not been
               restated to apply the provisions of the Statement. The cumulative
               effect  of this  change  in  accounting  for  income  taxes as of
               December  31,  2001  is  $0  due  to  the   valuation   allowance
               established as described in Note 3.

               (c)    Net Loss Per Common Share

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



<PAGE>

                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                          Notes to Financial Statements
                                December 31, 2001
                                   [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, 2001.

               (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, 2001 amounting to $7,953,  has no assets,  and has a
               net working  capital  deficiency  at  December  31,  2001.  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.

<PAGE>

                       ENERGROUP TECHNOLOGIES CORPORATION
                          [A Development Stage Company]
                          Notes to Financial Statements
                                December 31, 2001
                                   [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 2021. 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                           $6,824        $1,024      15%
   State Income Tax                              6,524           326       5%
   Valuation allowance                                        (1,350)
                                                       -------------
        Deferred tax asset 12/31/01                               $0


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

               A  shareholder  has paid general and  administrative  expenses on
               behalf of the Company,  through  December  31, 2001 and 2000,  of
               $1,654 and  $2,492,  respectively.  The  Company  has  recorded a
               liability to the shareholder of $4,372,  as of December 31, 2001.
               The balance is payable on demand and is non-interest bearing.
<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>
James Doolin          President        09/99          *
                      Director         09/99          *

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

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


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

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

     James P. Doolin,  President  and a director is 25 years of age. Mr.  Doolin
received a  bachelors  degree  from the  University  of Utah in Business in June
1998. Mr. Doolin has managed  Hillside Tire & Service,  in Salt Lake City, Utah,
for the past four years and has worked with Jenson Services since 1998.

     Barry  Richmond,  Vice  President  and a director  is 50 years of age.  Mr.
Richmond is currently a Colonel for the United States Army.

     Thomas J.  Howells,  Secretary and a director is 28 years of age. Mr.
Howells  graduated  from  Westminster  College of Salt Lake City,  Utah,  with a
Bachelor of Arts degree in 1993.  Mr.  Howells has been working as an investment
consultant   with   Jenson   Services   since   1996.

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.
---------------------

     There are no family relationships  between the officer and the directors of
the Company.
<PAGE>

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.


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.
<PAGE>


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>
James         12/31/01    0     0     0     0      0     0   0
Doolin,       12/31/00    0     0     0  500,000   0     0   0
President,    12/31/99    0     0     0     0      0     0   0
Director


Barry         12/31/01    0     0     0     0      0     0   0
Richmond      12/31/00    0     0     0     0      0     0   0
Vice Pres./   12/31/99    0     0     0     0      0     0   0
Director

Thomas
Howells,      12/31/01    0     0     0     0      0     0   0
Secretary,
Director



Alycia
Anthony,      12/31/00    0     0     0  500,000   0     0   0
Ex-Secretary  12/31/99    0     0     0     0      0     0   0
Ex-Director

</TABLE>

     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, 2001,  2000, or 1999, or the period ending on the date
of this Report.

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.


<PAGE>

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, 2001,  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 the date of this Report:

<TABLE>
<CAPTION>
                            Number of             Percentage of
Name and Address     Shares Beneficially Owned     of Class *
----------------     -------------------------     --------
<S>                            <C>                  <C>
James Doolin                     500,000              14%
5525 South 900 East #110
SLC, UT 84117

Barry Richmond                    13,709               0%
Po Box 62
Nineveh, IN 461313

Thomas Howells
5525 South 900 East #110
SLC, UT 84117                          0               0
                                -------              ------
All directors and
executive officers               513,709              14%
as a group (3 persons)
</TABLE>


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.

Item 13. Exhibits and Reports on Form 8-K.
         ---------------------------------
Reports on Form 8-K
-------------------
None, not applicable
<PAGE>
                              SIGNATURES

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

                                       ENERGROUP TECHNOLOGIES CORPORATION



Date:02-08-02                          /S/JAMES DOOLIN
                                       James Doolin
                                       President and Director



     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended, this Report has been signed below by the following persons on behalf of
the Company and in the capacities and on the dates indicated:


                                       ENERGROUP TECHNOLOGIES CORPORATION



Date:02-08-02                          /S/JAMES DOOLIN
                                       James Doolin
                                       President and Director


Date:02-11-02                           /S/THOMAS HOWELLS
                                        Thomas Howells
                                        Secretary and Director