UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D. C. 20549





FORM
10-K





x
            ANNUAL REPORT PURSUANT TO
      SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED MARCH
      31, 2009





Commission
file number 333-152104





RANGEFORD
RESOURCES, INC.


(Exact
name of registrant as specified in its charter)





Nevada


(State
or other jurisdiction of incorporation or organization)





8541
North Country Road 11


Wellington,
Colorado 80549


(Address
of principal executive offices, including zip code.)





(970)
218-7080


(Registrant's
telephone number, including area code)





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.





Yes
o   No
x





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act:





Yes
x   No
o





Indicate
by check mark whether the registrant(1) has filed all reports required by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 day.





Yes
x   No
o





Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulations S-K is not contained herein, and will not be contained, to the best
of registrant’s knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.o


1







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





Large
      Accelerated Filer
            o
            
            Accelerated
      Filer
            oNon-accelerated
      Filer
            o
            
            Smaller
      Reporting Company
            x(Do
      not check if a smaller reporting
company)





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).





Yes  o 
No  x





10,014,000 shares
of Common Stock, par value $0.001, were outstanding on June 30,
2009.




2







TABLE
OF CONTENTS





PagePART
      IItem
      1.
                                        Description
      of Business.
                                        4Item
      1A.
                                        Risk
      Factors.
                                        12Item
      1B.
                                        Unresolved
      Staff Comments.
                                        12Item
      2.
                                        Properties.
                                        12Item
      3.
                                        Legal
      Proceedings.
                                        12Item
      4.
                                        Submission
      of Matters to a Vote of Security Holders.
                                        12PART
      IIItem
      5.
                                        Market
      Price for the Registrant’s Common Equity, Related Stockholders Matters and
      Issuer Purchases of Equity Securities.
                                        13Item
      6.
                                        Selected
      Financial Data.
                                        15Item
      7.
                                        Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations.
                                        15Item
      7A.
                                        Quantitative
      and Qualitative Disclosures About Market Risk.
                                        18Item
      8.
                                        Financial
      Statements and Supplementary Data.
                                        18Item
      9.
                                        Changes
      in and Disagreements With Accountants on Accounting and Financial
      Disclosure.
                                        19Item
      9A.
                                        Controls
      and Procedures.
                                        19Item
      9B.
                                        Other
      Information.
                                        21PART
      IIIItem
      10.
                                        Directors
      and Executive Officers, Promoters and Control Persons.
                                        21Item
      11.
                                        Executive
      Compensation.
                                        24Item
      12.
                                        Security
      Ownership of Certain Beneficial Owners and Management.
                                        27Item
      13.
                                        Certain
      Relationships and Related Transactions, and Director
      Independence.
                                        28Item
      14.
                                        Principal
      Accounting Fees and Services.
                                        29PART
      IVItem
      15.
                                        Exhibits
      and Financial Statement Schedules.
                                        30Signatures
                                        
                                        31








3







PART
I





ITEM
1.        BUSINESS





Cautionary
Note




This
Annual Report on Form 10-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, which are subject to a number of risks
and uncertainties. All statements that are not historical facts are
forward-looking statements, including statements about our business strategy,
the effect of Generally Accepted Accounting Principles ("GAAP") pronouncements,
uncertainty regarding our future operating results and our profitability,
anticipated sources of funds and all plans, objectives, expectations and
intentions and the statements regarding future potential revenue, gross margins
and our prospects for fiscal 2009. These statements appear in a number of places
and can be identified by the use of forward-looking terminology such as "may,"
"will," "should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "future," "intend," or "certain" or the negative of these terms or
other variations or comparable terminology, or by discussions of
strategy.




Actual
results may vary materially from those in such forward-looking statements as a
result of various factors that are identified in "Item 7—Management's
Discussion and Analysis of Financial Condition and Results of
Operations,"  and elsewhere in this document. No assurance can be
given that the risk factors described in this Annual Report on Form 10-K
are all of the factors that could cause actual results to vary materially from
the forward-looking statements. All forward-looking statements speak only as of
the date of this Annual Report on Form 10-K. Readers should not place undue
reliance on these forward-looking statements and are cautioned that any such
forward-looking statements are not guarantees of future performance. We assume
no obligation to update any forward-looking statements.




References in this Annual Report on
Form 10-K to (i) the "Company," the "Registrant," "Rangeford "we,"
"our,"  and "us" refer to Rangeford Resources, Inc. Investors and security holders may
obtain a free copy of the annual report on Form 10-K and other documents
filed by the Company with the Securities and Exchange Commission ("SEC") at the
SEC's website at http://www.sec.gov. Free copies of the annual report on
Form 10-K and other documents filed by Rangeford with the sec may also be
obtained from Rangeford Resources, Inc. By directing a request to Rangeford,
Attention:  Frederick , President and Chief Executive Officer, 8541
North Country Road 11, Wellington, Colorado 80549 telephone
number  (970) 218-7080.




General





Rangeford
Resources, Inc. (the “Company”) is a development stage company that was
incorporated on December 4, 2007, in the state of Nevada. The Company has never
declared bankruptcy, it has never been in receivership, and it has never been
involved in any legal action or proceedings. Since becoming incorporated,
Rangeford Resources has not made any significant purchase or sale of assets, nor
has it been involved in any mergers, acquisitions or consolidations and the
Company owns no subsidiaries.  The fiscal year end is March 31st.


4







The
Company has not had revenues from operations since its inception and/or any
interim period in the current fiscal year.





The
Company filed a Form S-1 Registration Statement with the Securities and Exchange
Commission on July 28, 2008 and it was deemed effective on August 15, 2008. The
offering is on a best-efforts basis up to 1,000,000 shares of its common stock
at a price of $0.125 per share. The shares are intended to be sold directly
through the efforts of Frederick Ziegler, the President and a director of
Rangeford. The intended methods of communication include, without limitation,
telephone and personal contact.





Plan
of Operation





As of
March 31, 2009, we have $180 of cash available.  We have $13,150
current liabilities. From the date of inception (December 4, 2007) to March 31,
2009, the Company has recorded a net loss of $31020 of which were expenses
relating to the initial development of the Company, filing its Registration
Statement on Form S-1, and expenses relating to maintaining Reporting Company
status with the SEC.  In order to survive as a going concern over the
Company will require additional capital investments or borrowed funds to meet
cash flow projections and carry forward our business objectives. There can be no
guarantee or assurance that we can raise adequate capital from outside sources
to fund the proposed business. Failure to secure additional financing would
result in business failure and a complete loss of any investment made into the
Company.





Since
August 15, 2008, the Company has sold 14,000 shares of common stock to the
public with total proceeds raised of $1,750.  These proceeds have been
utilized by the Company to fund its initial development including administrative
costs associated with maintaining its status as a Reporting Company as defined
by the Securities and Exchange Commission (“SEC”) under the Exchange Act of 1934
as amended.  The Company plans to continue to focus efforts on selling
their common shares through this offering in order to continue to fund its
initial development and fund the expenses associated with maintaining a
reporting company status.





In
addition, over the course of the next 180 days, management intends to focus
efforts on selling the remaining shares and obtaining a quotation for its common
stock on the Over the Counter Bulletin Board (“OTCBB”).





Management
believes having its common stock quoted on the OTCBB will provide it increased
opportunity to raise additional capital for its proposed business
development.  However, there can be no guarantee or assurance the
Company will be successful in filing a Form 211 application and obtaining a
quotation.  To date there is no public market for the Company’s common
stock. There can be no guarantee or assurance that a public market will ever
exist for the common stock. Failure to create a market for the Company’s common
stock would result in business failure and a complete loss of any investment
made into the Company.




Drilling
and Development





The
Company does not anticipate any costs or expenses to be incurred for drilling
research and development within the next twelve months.


5







Employees





There are
no employees of the Company, excluding the current President and Director, Mr.
Ziegler and the Company does not anticipate hiring any additional employees
within the next twelve months.





General




We are an
exploration stage company organized under the laws of the State of Nevada on
Dec. 4, 2007 for the purpose of purchasing, developing and operating oil and gas
leases. We are currently not earning any revenues and we are not conducting any
business operations at the time. We have not acquired any leases or property at
this time.




We have
no revenues, no operations, and have been issued a going concern opinion and
require additional capital to fund our operations.




We have a
specific business plan and do not intend to engage in any merger, acquisition or
business reorganization with any previously identified entity.  We have no
plans to change our business activities or to combine with another business and
are not aware of any events or circumstances that might cause us to change our
plans.




Operations




We have
currently not acquired any leases or properties.   Upon funding
we intend to enter into leases or acquire property.   We intend
to engage third parties such as a drilling contractor, a geologist and an
engineer to direct the drilling of wells on the lease. As of the date hereof,
such third parties have not been engaged and there is no assurance that we will
ever enter into contracts with any such third parties.




We will
make a determination of leases we are interested in the future as funds become
available and based upon the analysis of technical and production date, on site
verification of any well equipment and production capability, and verification
of ownership of lease hold rights. We have not yet targeted properties and do
not intend to do so until we complete exploration of our current
lease.





Geological
and geophysical




We may
engage detailed geological interpretation combined with advanced seismic
exploration techniques to identify the most promising drilling sites within our
leases.




Geological
interpretation is based upon data recovered from existing oil and gas wells in
an area and other sources. Such information is either purchased from the company
that drilled the wells or becomes public knowledge through state agencies after
a period of years. Through analysis of rock types, fossils and the electrical
and chemical characteristics of rocks from existing wells, we can construct a
picture of rock layers in the area. We will have access to the well logs and
decline curves from existing operating wells. Well logs allow us to calculate an
original oil or gas volume in place while decline curves from production history
allow us to calculate remaining proved producing reserves.


6







We have
not purchased, leased or entered into any agreements to purchase or lease any of
the equipment necessary to conduct the geological or geophysical testing
referred to herein and will only be able to do so upon raising additional
capital trough loans or the sale of equity securities.




Market
for oil and gas production




The
market for oil and gas production is regulated by both the state and federal
governments. The overall market is mature and with the exception of gas, all
producers in a producing region will receive the same price. The major oil
companies will purchase all crude oil offered for sale at posted field prices.
There are price adjustments for quality differences from the Benchmark.
Benchmark is Saudi Arabian light crude oil employed as the standard on which
OPEC price changes have been based. Quality variances from Benchmark crude
results in lower prices being paid for the variant oil. Oil sales are normally
contracted with a purchaser or gatherer as it is known in the industry who will
pick up the oil at the well site. In some instances there may be deductions for
transportation from the well head to the sales point. At this time the majority
of crude oil purchasers do not charge transportation fees unless the well is
outside their service area. The service area is a geographical area in which the
purchaser of crude oil will not charge a fee for picking upon the oil. The
purchaser or oil gatherer as it is called within the oil industry, will usually
handle all check disbursements to both the working interest and royalty owners.
We will be a working interest owner. By being a working interest owner, we are
responsible for the payment of our proportionate share of the operating expenses
of the well. Royalty owners and overriding royalty owners receive a percentage
of gross oil production for the particular lease and are not obligated in any
manner whatsoever to pay for the costs of operating the lease. Therefore, we, in
most instances, will be paying the expenses for the oil and gas revenues paid to
the royalty and overriding royalty interests.





Gas sales
are by contract. The gas purchaser will pay the well operator 100% of the sales
proceeds on or about the 25th of each and every month for the previous month’s
sales. The operator is responsible for all checks and distributions to the
working interest and royalty owners. There is no standard price for gas. Price
will fluctuate with the seasons and the general market conditions. It is our
intention to utilize this market whenever possible in order to maximize
revenues. We do not anticipate any significant change in the manner production
is purchased, however, no assurance can be given at this time that such changes
will not occur.




Acquisition
of Future Leases




We have
not targeted properties to acquire and do not intend to do so until funds are
available to target and acquire properties for exploration.




Competition




The oil
and gas industry is highly competitive. Our competitors and potential
competitors include major oil companies and independent producers of varying
sizes which are engaged in the acquisition of producing properties and the
exploration and development of prospects. Most of our competitors have greater
financial, personnel and other resources than we do and therefore have greater
leverage in acquiring prospects, hiring personnel and marketing oil and
gas.




7







Research
and Development




We will
be conducting research in the form of drilling on the property. Our business
plan is focused on a strategy for maximizing the long-term exploration and
development of our properties. To date, we have focused primarily on acquiring
our interest in a single lease as described herein.




Government
Regulation




The
production and sale of oil and gas is subject to regulation by state, federal
and local authorities. In most areas there are statutory provisions regulating
the production of oil and natural gas under which administrative agencies may
set allowable rates of production and promulgate rules in connection with the
operation and production of such wells, ascertain and determine the reasonable
market demand of oil and gas, and adjust allowable rates with respect
thereto.





The sale
of liquid hydrocarbons was subject to federal regulation under the Energy Policy
and Conservation Act of 1975 which amended various acts, including the Emergency
Petroleum Allocation Act of 1973. These regulations and controls included
mandatory restrictions upon the prices at which most domestic and crude oil and
various petroleum products could be sold. All price controls and restrictions on
the sale of crude oil at the wellhead have been withdrawn. It is possible,
however, that such controls may be re-imposed in the future but when, if ever,
such re-imposition might occur and the effect thereof is unknown.




The sale
of certain categories of natural gas in interstate commerce is subject to
regulation under the Natural Gas Act and the Natural Gas Policy Act of 1978
(“NGPA”). Under the NGPA, a comprehensive set of statutory ceiling prices
applies to all first sales of natural gas unless the gas specifically exempt
from regulation (i.e., unless the gas is deregulated). Administration and
enforcement of the NGPA ceiling prices are delegated to the Federal Energy
Regulatory Commission (“FERC”). In June 1986 the FERC issued Order No. 451,
which in general is designed to provide a higher NGPA ceiling price for certain
vintages of old gas. It is possible, though unlikely, that we may in the future
acquire significant amounts of natural gas subject to NGPA price regulations
and/or FERC Order No. 451.




Our
operations are subject to extensive and continually changing regulation because
of legislation affecting the oil and natural gas industry is under constant
review for amendment and expansion. Many departments and agencies, both federal
and state, are authorized by statute to issue and have issued rules and
regulations binding on the oil and natural gas industry and its individual
participants. The failure to comply with such rules and regulations can result
in large penalties. The regulatory burden on this industry increases our cost of
doing business and, therefore, affects our profitability. However, we do not
believe that we are affected in a significantly different way by these
regulations than our competitors are affected.




8







Transportation
and Production




Transportation
and Sale of Oil and Natural Gas. We can make sales of oil, natural gas
and condensate at market prices which are not subject to price controls at this
time. The price that we receive from the sale of these products is affected by
our ability to transport and the cost of transporting these products to market.
Under applicable laws, FERC regulates:





•
            
            the
      construction of natural gas pipeline facilities,
  and





•
            
            the
      rates for transportation of these products in interstate
      commerce.




Our
possible future sales of natural gas are affected by the availability, terms and
cost of pipeline transportation. The price and terms for access to pipeline
transportation remain subject to extensive federal and state regulation. Several
major regulatory changes have been implemented by Congress and FERC from 1985 to
the present. These changes affect the economics of natural gas production,
transportation and sales. In addition, FERC is continually proposing and
implementing new rules and regulations affecting these segments of the natural
gas industry that remain subject to FERC’s jurisdiction. The most notable of
these are natural gas transmission companies.




FERC’s
more recent proposals may affect the availability of interruptible
transportation service on interstate pipelines. These initiatives may also
affect the intrastate transportation of gas in some cases. The stated purpose of
many of these regulatory changes is to promote competition among the various
sectors of the natural gas industry. These initiatives generally reflect more
light-handed regulation of the natural gas industry. The ultimate impact of the
complex rules and regulations issued by FERC since 1985 cannot be predicted. In
addition, some aspects of these regulatory developments have not become final
but are still pending judicial and FERC final decisions. We cannot predict what
further action FERC will take on these matters. However, we do not believe that
any action taken will affect us much differently than it will affect other
natural gas producers, gatherers and marketers with which we might
compete.




Effective
as of January 1, 1995, FERC implemented regulations establishing an
indexing system for transportation rates for oil. These regulations could
increase the cost of transporting oil to the purchaser. We do not believe that
these regulations will affect us any differently than other oil producers and
marketers with which we compete.





Regulation
of Drilling and Production. Our proposed drilling and production
operations are subject to regulation under a wide range of state and federal
statutes, rules, orders and regulations. Among other matters, these statutes and
regulations govern:





•
            
            the
      amounts and types of substances and materials that may be released into
      the environment,•
            
            the
      discharge and disposition of waste materials,•
            
            the
      reclamation and abandonment of wells and facility sites,
    and•
            
            the
      remediation of contaminated sites,




and
require:


9










•
            
            permits
      for drilling operations,•
            
            drilling
      bonds, and•
            
            reports
      concerning operations.




Environmental
Regulations




General.
Our operations are affected by the various state, local and federal
environmental laws and regulations, including the:





•
            
            Clean
      Air Act,





•
            
            Oil
      Pollution Act of 1990,





•
            
            Federal
      Water Pollution Control Act,





•
            
            Resource
      Conservation and Recovery Act
(“RCRA”),





•
            
            Toxic
      Substances Control Act, and





•
            
            Comprehensive
      Environmental Response, Compensation and Liability Act
      (“CERCLA”).




These
laws and regulations govern the discharge of materials into the environment or
the disposal of waste materials, or otherwise relate to the protection of the
environment. In particular, the following activities are subject to stringent
environmental regulations:





•
            
            drilling,





•
            
            development
      and production operations,





•
            
            activities
      in connection with storage and transportation of oil and other liquid
      hydrocarbons, and





•
            
            use
      of facilities for treating, processing or otherwise handling hydrocarbons
      and wastes.




Violations
are subject to reporting requirements, civil penalties and criminal sanctions.
As with the industry generally, compliance with existing regulations increases
our overall cost of business. The increased costs cannot be easily determined.
Such areas affected include:





•
            
            unit
      production expenses primarily related to the control and limitation of air
      emissions and the disposal of produced
water,





•
            
            capital
      costs to drill exploration and development wells resulting from expenses
      primarily related to the management and disposal of drilling fluids and
      other oil and natural gas exploration wastes,
  and





10







•
            
            capital
      costs to construct, maintain and upgrade equipment and facilities and
      remediate, plug and abandon inactive well sites and
  pits.




Environmental
regulations historically have been subject to frequent change by regulatory
authorities. Therefore, we are unable to predict the ongoing cost of compliance
with these laws and regulations or the future impact of such regulations on our
operations. However, we do not believe that changes to these regulations will
have a significant negative affect on our operations.





A
discharge of hydrocarbons or hazardous substances into the environment could
subject us to substantial expense, including both the cost to comply with
applicable regulations pertaining to the cleanup of releases of hazardous
substances into the environment and claims by neighboring landowners and other
third parties for personal injury and property damage. We do not maintain
insurance for protection against certain types of environmental
liabilities.





The Clean
Air Act requires or will require most industrial operations in the United States
to incur capital expenditures in order to meet air emission control standards
developed by the EPA and state environmental agencies. Although no assurances
can be given, we believe the Clean Air Act requirements will not have a material
adverse effect on our financial condition or results of operations.




RCRA is
the principal federal statute governing the treatment, storage and disposal of
hazardous wastes. RCRA imposes stringent operating requirements, and liability
for failure to meet such requirements, on a person who is either:





•
            
            a
      “generator” or “transporter” of hazardous waste,
  or





•
            
            an
      “owner” or “operator” of a hazardous waste treatment, storage or disposal
      facility.




At
present, RCRA includes a statutory exemption that allows oil and natural gas
exploration and production wastes to be classified as non-hazardous waste. As a
result, we will not be subject to many of RCRA’s requirements because our
operations will probably generate minimal quantities of hazardous
wastes.




CERCLA,
also known as “Superfund,” imposes liability, without regard to fault or the
legality of the original act, on certain classes of persons that contributed to
the release of a “hazardous substance” into the environment. These persons
include:





•
            
            the
      “owner” or “operator” of the site where hazardous substances have been
      released, and





•
            
            companies
      that disposed or arranged for the disposal of the hazardous substances
      found at the site.




CERCLA
also authorizes the EPA and, in some instances, third parties to act in response
to threats to the public health or the environment and to seek to recover from
the responsible classes of persons the costs they incur. In the course of our
ordinary operations, we could generate waste that may fall within CERCLA’s
definition of a “hazardous substance.” As a result, we may be liable under
CERCLA or under analogous state laws for all or part of the costs required to
clean up sites at which such wastes have been disposed.




11










Under
such law we could be required to:





•
            
            remove
      or remediate previously disposed wastes, including wastes disposed of or
      released by prior owners or
operators,





•
            
            clean
      up contaminated property, including contaminated groundwater,
      or





•
            
            perform
      remedial plugging operations to prevent future
    contamination.




We could
also be subject to other damage claims by governmental authorities or third
parties related to such contamination.




Company’s
office




Our
offices are located at 8541 North Country Road 11, Wellington, Colorado and our
telephone number is (970) 218-7080.




ITEM
1A.     RISK FACTORS





We are a
smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are
not required to provide the information under this item.





ITEM
      1B.
            UNRESOLVED
      STAFF COMMENTS





We are a
smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are
not required to provide the information under this item.





ITEM
      2.
            PROPERTIES





None.





ITEM
      3.
            LEGAL
      PROCEEDINGS





We are
not presently a party to any litigation.





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





During
the fourth quarter, there were no matters submitted to a vote of our
shareholders.








12







PART
II





ITEM
      5.
            MARKET
      FOR COMMON STOCK, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
      EQUITY SECURITIES





As of the
date of this annual report, there is no public market in Rangeford common stock.
 The current offering by the Company is a step toward creating a public
market for Rangeford stock, which may enhance the liquidity of Rangeford shares.
However, there can be no assurance that a meaningful trading market will
develop.  Rangeford and its management make no representation about the
present or future value of Rangeford common stock.





As of the
date of this prospectus;





1. There
are no outstanding options or warrants to purchase, or other instruments
convertible into, common equity of Rangeford;





2. There
are currently 10,0014,000 shares of Rangeford common stock held by nineteen
(19) shareholders. Its sole officer and director Frederick Ziegler,
controls 6,000,000 shares while two (2) non-affiliates own 600,000 shares and
one shareholder, who is an affiliate due to the size of its holdings, has
3,400,000 shares of our common stock that are eligible to be sold pursuant to
Rule 144 under the Securities Act;





3. Other
than the stock registered under this Registration Statement, there is no stock
that has been proposed to be publicly offered resulting in dilution to current
shareholders.





All of
the presently outstanding shares of common stock (10,014,000) are "restricted
securities" as defined under Rule 144 promulgated under the Securities Act and
may only be sold pursuant to an effective registration statement or an exemption
from registration, if available.  The SEC has adopted final rules
amending Rule 144 which became effective on February 15, 2008. Pursuant to the
new Rule 144, one year must elapse from the time a “shell company”, as defined
in Rule 405, ceases to be a “shell company” and files Form 10 information
with the SEC, before a restricted shareholder can resell their holdings in
reliance on Rule 144. Form 10 information is equivalent to information that a
company would be required to file if it were registering a class of securities
on Form 10 under the Securities and Exchange Act of 1934 (the “Exchange Act”).
Under the amended Rule 144, restricted or unrestricted securities, that were
initially issued by a reporting or non-reporting shell company or an Issuer that
has at anytime previously a reporting or non-reporting shell company as
defined in Rule 405, can only be resold in reliance on Rule 144 if the following
conditions are met: (1) the issuer of the securities that was formerly a
reporting or non-reporting shell company has ceased to be a shell company; (2)
the issuer of the securities is subject to the reporting requirements of Section
13 or 15(d) of the Exchange Act; (3) the issuer of the securities has filed all
reports and material required to be filed under Section 13 or 15(d) of the
Exchange Act, as applicable, during the preceding twelve months (or shorter
period that the Issuer was required to file such reports and materials), other
than Form 8-K reports; and (4) at least one year has elapsed from the time the
issuer filed the current Form 10 type information with the SEC reflecting its
status as an entity that is not a shell company.





13







At the
present time, the Company is not classified as a “shell company” under Rule 405
of the Securities Act. The Company believes that simply because it is small and
has few assets and has had no revenues does not define Rangeford as a shell
company. Our disclosures contained in our registration statement clearly state
that we have a definite business plan and fully intend to implement that plan
immediately upon the completion of our offering. In the event that either the
SEC or the Financial Industry Regulatory Authority (FINRA) disagrees with our
assessment, all restricted securities presently held by the founders of the
Company may not be resold in reliance on Rule 144 until: (1) the Company files
Form 10 information with the SEC when it ceases to be a “shell company”; (2) the
Company has filed all reports as required by Section 13 and 15(d) of the
Securities Act for twelve consecutive months; and (3) one year has elapsed from
the time the Company files the current Form 10 type information with the SEC
reflecting its status as an entity that is not a shell company.




Holders
of Common Stock




We had 4
shareholders of record of 10,014,000 shares of our common stock as of March 31,
2009.





Section
15(g) of the Securities Exchange Act of 1934





Our
shares are covered by section 15(g) of the Securities Exchange Act of 1934, as
amended that imposes additional sales practice requirements on broker/dealers
who sell such securities to persons other than established customers and
accredited investors (generally institutions with assets in excess of $5,000,000
or individuals with net worth in excess of $1,000,000 or annual income exceeding
$200,000 or $300,000 jointly with their spouses). For transactions covered by
the Rule, the broker/dealer must make a special suitability determination for
the purchase and have received the purchaser's written agreement to the
transaction prior to the sale. Consequently, the Rule may affect the ability of
broker/dealers to sell our securities and also may affect your ability to sell
your shares in the secondary market.





Section
15(g) also imposes additional sales practice requirements on broker/dealers who
sell penny securities. These rules require a one page summary of certain
essential items. The items include the risk of investing in penny stocks in both
public offerings and secondary marketing; terms important to in understanding of
the function of the penny stock market, such as  id and offer quotes,
a dealers spread and broker/dealer compensation; the broker/dealer compensation,
the broker/dealers’ duties to its customers, including the disclosures required
by any other penny stock disclosure rules; the customers’ rights and remedies in
cases of fraud in penny stock transactions; and, the FINRA’s toll free telephone
number and the central number of the North American Administrators Association,
for information on the disciplinary history of broker/dealers and their
associated persons.





Securities
Authorized for Issuance Under Equity Compensation Plans





We have
no equity compensation plans and accordingly we have no shares authorized for
issuance under an equity compensation plan.





14







ITEM
6.        SELECTED FINANCIAL
DATA





We are a
smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are
not required to provide the information under this item.







ITEM 7.
            MANAGEMENT’S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS.





This
section of this annual report on Form 10-K includes a number of forward-looking
statements that reflect our current views with respect to future events and
financial performance. Forward-looking statements are often identified by words
like: believe, expect, estimate, anticipate, intend, project and similar
expressions, or words which, by their nature, refer to future events. You should
not place undue certainty on these forward-looking statements, which apply only
as of the date of this annual report. These forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from historical results or our predictions.





Plan
of Operation





Estimates
and Assumptions





In the
preparation of our financial statements, no estimates have been used since there
is insufficient historical information in which to base such
estimates.





Trends
Affecting Our Business





We do not
recognize any trends which will affect our business.  While it appears
that we are in a worldwide recession, the demand for oil and gas production
remains constant in good or bad economical cycles though the prices that the
Company may receive for its production will vary.





Plan
of Operation For The Next Twelve Months





Unless we
raise additional capital through the sale of common stock in the current
offering and in subsequent private placements, we do not plan to spend any funds
on the research and development. Instead, we intend to work with what we have,
and focus our efforts on acquiring existing production in order to increase
revenues.  In this scenario, our officers intend to focus their
efforts on raising additional capital to finance such acquisitions.





Results
of Operations





Limited
Operating History; Need for Additional Capital





There is
no historical financial information about us upon which to base an evaluation of
our performance. Rangeford was incorporated in the State of Nevada on June 29,
2007.




Readers
will note that Rangeford has raised a total of approximately $1,750 from the
sale of its common stock.  As of March 31, 2009, Rangeford had a
balance (less outstanding checks) of $180 in cash with liabilities of $31,020 as
a note payable.


15







The
Company will be required to raise additional funds in order to pay the fees
associated with maintaining its status as a reporting company, as defined under
the Securities Act of 1934 and fund the above costs associated with its business
strategy.  The Company will need to raise a minimum of $31,000 over
the course of the next twelve months in order to cover expenses related to
maintaining its status as a reporting company (legal, auditing, and filing fees)
estimated at $25,000 and $6,000 to cover additional exploration costs associated
with maintaining the Company’s capital raising efforts and general corporate
expenses.  There is no assurance we will receive the required
financing to complete our business strategies.  Even if we are
successful in raising proceeds from the offering we have no assurance that
future financing will be available to us on acceptable terms. If financing
is not available on satisfactory terms, we may be unable to
continue, develop or expand our operations.




Rangeford
has no plans to undertake product research and development during the term
covered herein. There are also no plans or expectations to purchase or sell any
plant and or significant equipment in fiscal year 2010.





Limited
Operating History; Need for Additional Capital





There is
limited historical financial information about us upon which to base an
evaluation of our performance. We have generated limited revenues from
operations. Primarily this is as a result of not devoting full time to our
operations.  Our officers and directors have other occupations to
which they devote significant time.   We cannot guarantee we will
be successful in our business operations. Our business is subject to risks
inherent in the establishment of a new business enterprise, including limited
capital resources and possible cost overruns due to price and cost increases in
services.





To become
profitable and competitive, we have to attract acquire oil and gas production,
we hope to become profitable and competitive.  We have no assurance
that future financing will be available to us on acceptable terms. If financing
is not available on satisfactory terms, we may be unable to continue, develop or
expand our operations. Equity financing could result in additional dilution to
existing shareholders.





We
believe that possible inflation and price changes will affect our
revenues.





Our
auditors have issued a going concern opinion.  This means that there
is substantial uncertainty that we will continue operations. The accompanying
financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.





Liquidity
and Capital Resources





Since
inception, we have issued 10,014,000 shares of our common stock and received
cash of $1,750.





We have
generated no revenues from the sale of oil or gas.  We expect to
obtain capital through the sale of our common stock.  There is no
assurance we will sell any shares of common stock. We believe that revenues from
the sale of our product and capital generated from the sale of our common stock
will allow us to operate for the next twelve
months.


16







Revenue
from the sale of our product, capital raised from the sale of common stock, and
shareholder loans are our only anticipated sources of additional capital. We
have not determined the amount of money, if any, we will raise from the sale of
our common stock.





As of
March 31, 2009, our total current assets were $180 and our total current
liabilities were $13,150 resulting in a working capital deficit of
$12,970.





Off
Balance Sheet Arrangements





We have
no off balance sheet arrangements.





Critical
Accounting Policies





The
preparation of the financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results could differ materially from
those estimates. We believe that there are several accounting policies that are
critical to understanding our historical and future performance, as these
policies affect the reported amounts of revenue and the more significant areas
involving management’s judgments and estimates.  These significant
accounting policies relate to revenue recognition, valuation of long-lived
assets and income taxes. These policies, and the related procedures, are
described in detail below.





Revenue
recognition





The
Company’s revenue consists of sales of internet educational courses to end-users
through the Company’s website which is recognized when services are rendered and
payments are received or rights to receive consideration are obtained and
collection of consideration is reasonably assured.





Impairment of long lived
assets





Long-lived
assets of the Company are reviewed for impairment whenever events or changes in
circumstances indicate that their carrying value has become impaired, in
accordance with the guidance established in Statement of Financial Accounting
Standards (“SFAS”) No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets. An impairment loss would be recognized when the carrying
amount of an asset exceeds the estimated undiscounted future cash flows expected
to result from the use of the asset and its eventual disposition. The amount of
the impairment loss to be recorded is calculated by the excess of the asset’s
carrying value over its fair value. Fair value is generally determined using a
discounted cash flow analysis





Income
taxes





The
Company accounts for income taxes under the provisions of SFAS No. 109,
Accounting for Income Taxes, which requires the Company to recognize deferred
tax liabilities and assets for the expected future tax consequences of events
that have been recognized in the Company’s financial statements or tax returns
using the liability method.


17







Under
this method, deferred tax liabilities and assets are determined based on the
temporary differences between the financial statement and tax bases of assets
and liabilities using enacted tax rates in effect in the years in which the
differences are expected to reverse. The effect on deferred income tax assets
and liabilities of a change in income tax rates is included in the period that
includes the enactment date. Valuation allowances are established when necessary
to reduce deferred income tax assets to the amount expected to be
realized.





ITEM 7A.     QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKETRISK.





We are a
smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are
not required to provide the information under this item.





ITEM
      8.
            FINANCIAL
      STATEMENTS AND SUPPLEMENTARY DATA.





18







RANGEFORD
RESOURCES, INC.


(AN
EXPLORATION STAGE COMPANY)





Audited
Financial Statements





For the
Year Ended March 31, 2009, the Period of


December
4, 2007 (Inception) to March 31, 2008 and the Period of


December
4, 2007 (Inception) to March 31, 2009

























































































F-1







RANGEFORD
RESOURCES, INC.


(AN
EXPLORATION STAGE COMPANY)





Audited
Financial Statements





For the
Year Ended March 31, 2009, the Period of


December
4, 2007 (Inception) to March 31, 2008 and the Period of


December
4, 2007 (Inception) to March 31, 2009











TABLE OF
CONTENTS











Page(s)Report
      of Independent Registered Accounting Firm
              F-3Balance
      Sheets as of March 31, 2009 and 2008
              F-4Statements
      of Operations for the year ended March 31, 2009, the period of December 4,
      2007 (inception) to March 31, 2008 and the period of December 31, 2007
      (inception) to March 31, 2009
              F-5Statements
      of Cash Flows for the year ended March 31, 2009, the period of December 4,
      2007 (inception) to March 31, 2008 and the period of December 31, 2007
      (inception) to March 31, 2009
              F-6Statement
      of Changes in Stockholders’ Equity
              F-7Notes
      to Audited Financial Statements
              F-8-17











F-2





THE
BLACKWING GROUP, LLC


18921G
E VALLEY VIEW PARKWAY #325


INDEPENDENCE,
MO 64055


816-813-0098





REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





Rangeford
Resources, Inc. (An Exploration Stage Enterprise)


8541
North Country Road II


Wellington,
CO 80549





We have
audited the accompanying balance sheet of Rangeford Resources, Inc. (An
Exploration Stage Enterprise) as of March 31, 2008 and 2009, and the related
statements of income and changes in member’s equity, and cash flows for the
periods then ended and for the period from December 4, 2007 through March 31,
2009.  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 audits.





We
conducted my 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.  The
Company is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company’s internal control
over financial reporting. Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, 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, such financial statements present fairly, in all material respects, the
financial position of Rangeford Resources, Inc. (An Exploration Stage
Enterprise) as of March 31, 2008 and 2009, and the results of its operations and
its cash flows for the periods then ended and for the period from December 4,
2007 through March 31, 2009 in conformity with accounting principles generally
accepted in the United States of America.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. As discussed in Note B to the financial
statements, the Company faces competition from existing companies with
considerably more financial resources and business connections. In the event
that Company fails to meet the anticipated levels of performance there is
significant doubt that the Company will be able to meet the debt obligations
related to the non public offering. These conditions raise substantial doubt
about its ability to continue as a going concern. Management's plans regarding
those matters also are described in Note B. The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.








The
Blackwing Group, LLC


Issuing
Office: Independence, MO


May 23,
2008


F-3


RANGEFORD
      RESOURCES, INC.(An
      Exploration Stage Enterprise)Balance
      SheetsMarch
      31,2009
                  
                  2008ASSETSCurrent
      assetsCash
                  
                  $
                  180
                  
                  
                  $
                  100Prepaid
      Expenses
                  
                  
                  -
                  
                  
                  
                  13,200Total
      current assets
                  
                  
                  180
                  
                  
                  
                  13,300Total
      assets
                  
                  $
                  180
                  
                  
                  $
                  13,300LIABILITIES
      AND STOCKHOLDERS' (DEFICIT) EQUITYCurrent
      liabilitiesAccounts
      payable
                  
                  $
                  3,750
                  
                  
                  $
                  -Related
      party payable
                  
                  
                  9,400
                  
                  
                  
                  -Total
      current liabilities
                  
                  
                  13,150
                  
                  
                  
                  -Stockholders'
      (Deficit) EquityCommon
      stock, $.001 par value; 75,000,000 shares authorized, 10,014,000 and
      10,000,000 shares issued and outstanding at March 31, 2009 and
      2008
                  
                  
                  10,014
                  
                  
                  
                  10,000Additional
      Paid in Capital
                  
                  
                  8,036
                  
                  
                  
                  7,300Subscriptions
      receivable
                  
                  
                  -
                  
                  
                  
                  (4,000
                  )Deficit
      accumulated during the development stage
                  
                  
                  (31,020
                  )
                  
                  
                  -Total
      stockholders' (deficit) equity
                  
                  
                  (12,970
                  )
                  
                  
                  13,300Total
      liabilities and stockholders' (deficit) equity
                  
                  $
                  180
                  
                  
                  $
                  13,300See
      accompanying notes to financial statements




F-4


RANGEFORD
      RESOURCES, INC.(An
      Exploration Stage Enterprise)Statements
      of OperationsYear
      ended March 31, 2009
                  
                  For
      the period from December 4, 2007 (inception) to March 31,
    2008
                  
                  For
      the period from December 4, 2007 (inception) to March 31,
    2009Revenue
                  
                  $
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  -ExpensesProfessional
      fees
                  
                  
                  30,745
                  
                  
                  
                  -
                  
                  
                  
                  30,745Other
      general & administrative
                  
                  
                  275
                  
                  
                  
                  -
                  
                  
                  
                  275Total
      expenses
                  
                  
                  31,020
                  
                  
                  
                  -
                  
                  
                  
                  31,020Net
      loss
                  
                  $
                  (31,020
                  )
                  
                  $
                  -
                  
                  
                  $
                  (31,020
                  )Basic
      and diluted loss per common share
                  
                  $
                  (0.00
                  )
                  
                  $
                  (0.00
                  )Weighted
      average shares outstanding
                  
                  
                  10,007,363
                  
                  
                  
                  10,000,000See
      accompanying notes to financial statements


F-5





RANGEFORD
      RESOURCES, INC.(A
      Development Stage Enterprise)Statements
      of Cash FlowsYear
      ended March 31, 2009
                
                For
      the period from December 4, 2007 (inception) to March 31,
    2008
                
                For
      the period from December 4, 2007 (inception) to March 31,
    2009Cash
      flows from operating activitiesNet
      loss
                
                $
                (31,020
                )
                
                
                -
                
                
                $
                (31,020
                )Adjustments
      to reconcile net loss to net cash used in operating
    activitiesCommon
      stock issued for services
                
                
                -
                
                
                
                13,200
                
                
                
                13,200Changes
      in operating assets and liabilitiesPrepaid
      expenses
                
                
                13,200
                
                
                
                (13,200
                )
                
                
                -Accounts
      payable
                
                
                3,750
                
                
                
                -
                
                
                
                3,750Net
      cash used in operating activities
                
                
                (14,070
                )
                
                
                -
                
                
                
                (14,070
                )Net
      cash from investing activities
                
                
                -
                
                
                
                
                
                
                
                -Cash
      flows from financing activitiesProceeds
      from related party payable
                
                
                9,400
                
                
                
                -
                
                
                
                9,400Proceeds
      from issuance of stock
                
                
                4,750
                
                
                
                100
                
                
                
                4,850Net
      cash provided by financing activities
                
                
                14,150
                
                
                
                100
                
                
                
                14,250Net
      increase in cash
                
                
                80
                
                
                
                100
                
                
                
                180Cash
      at beginning of period
                
                
                100
                
                
                
                -
                
                
                
                -Cash
      at end of period
                
                $
                180
                
                
                
                100
                
                
                $
                180Supplemental
      disclosure of non-cash investing and financing activities:Issuance
      of 7,630,058 shares of common stock for professional and consulting
      services
                
                $
                -
                
                
                
                13,200
                
                
                $
                13,200Supplemental
      Cash Flow Information:Cash
      paid for interest
                
                $
                -
                
                
                
                -
                
                
                $
                -Cash
      paid for income taxes
                
                $
                -
                
                
                
                -
                
                
                $
                -See
      accompanying notes to financial statements


F-6







RANGEFORD
      RESOURCES, INC.(An
      Exploration Stage Enterprise)Statement
      of Changes in Stockholders' EquityCommon
      Stock
                
                Additional
      Paid-in Capital
                
                Subscription
      receivable
                
                Accumulated
      Deficit
                
                TotalShares
                
                AmountIssue
      common stock subscribed, December 4, 2007
                
                
                10,000,000
                
                
                $
                10,000
                
                
                $
                7,300
                
                
                $
                (4,000
                )
                
                $
                -
                
                
                $
                13,300Net
      loss for the period of December 4, 2007 (inception) to March 31,
      2008
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -Balance,
      March 31, 2008
                
                
                10,000,000
                
                
                
                10,000
                
                
                
                7,300
                
                
                
                (4,000
                )
                
                
                -
                
                
                
                13,300Collection
      of subscription receivable, April 30, 2008
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                4,000
                
                
                
                -
                
                
                
                4,000Shares
      issued for cash, October 2008
                
                
                14,000
                
                
                
                14
                
                
                
                736
                
                
                
                -
                
                
                
                -
                
                
                
                750Net
      loss for the year ended March 31, 2009
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (31,020
                )
                
                
                (31,020
                )Balance,
      March 31, 2009
                
                
                10,014,000
                
                
                
                10,014
                
                
                
                8,036
                
                
                
                -
                
                
                
                (31,020
                )
                
                
                (12,970
                )See
      accompanying notes to financial statements


























F-7







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





NOTE A –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





A summary
of significant accounting policies of Rangeford Resources, Inc. (An Exploration
Stage Enterprise) (the Company) is presented to assist in understanding the
Company’s financial statements. The accounting policies presented in these
footnotes conform to accounting principles generally accepted in the United
States of America and have been consistently applied in the preparation of the
accompanying financial statements. These financial statements and notes are
representations of the Company’s management who are responsible for their
integrity and objectivity. The Company has not realized revenues from its
planned principal business purpose and is considered to be in its development
state in accordance with SFAS 7, “Accounting and Reporting by
Development State Enterprises.”





Organization, Nature of
Business and Trade Name





Rangeford
Resources, Inc. (the Company) was incorporated on December 4, 2007 in the State
of Nevada. The Company is a start-up exploration stage company organized under
the laws of the State of Nevada on December 4, 2007 for the purpose of
purchasing, developing and operating oil and gas leases, which are not in either
the development stage or production stage. The Company is an oil and gas company
registered under the Investment Company Act of 1940, as amended (the “1940
Act”).





We are
currently not earning any revenues and we are not conducting any business
operations at the time. We have not acquired any leases or property at this
time. The Company has not commenced principle operations and is classified as an
exploration stage company.





Basis of
Presentation





The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities at the date of the financial statements and the reported amounts of
revenue and expenses during the reported period. Actual results could differ
from those estimates. Management further acknowledges that it is solely
responsible for adopting sound accounting practices, establishing and
maintaining a system of internal accounting control and preventing and detecting
fraud. The Company’s system of internal accounting control is designed to
assure, among other items, that (1) recorded transactions are valid; (2) all
valid transactions are recorded and (3) transactions are recorded in the period
in a timely manner to produce financial statements which present fairly the
financial condition, results of operations and cash flows of the company for the
respective periods being presented.





F-8







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





Stockholders’ Equity: Common
stock





The
authorized common stock of the Company consists of 75,000,000 shares with par
value of $0.001.  On December 4, 2007, the Company authorized the
issuance of 10,000,000 shares of its $.001 par value common stock at $0.00173
per share in consideration of $4,100 in cash and $13,200 of professional and
legal services for a total consideration of $17,300.





During
the year ended March 31, 2009, the Company issued 14,000 shares of its common
stock pursuant to its S-1 registration statement which was declared effective on
August 15, 2008 for a total cash consideration of $750.





NOTE A –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)




Net loss per common
share





Net loss
per share is calculated in accordance with SFAS No. 128, “Earnings Per
Share.”  The weighted-average number of common shares
outstanding during each period is used to compute basic loss per
share.  Diluted loss per share is computed using the weighted averaged
number of shares and dilutive potential common shares
outstanding.  Dilutive potential common shares are additional common
shares assumed to be exercised.





Basic net
loss per common share is based on the weighted average number of shares of
common stock outstanding during the fiscal year ending March 31,
2009.  As of March 31, 2009 the Company had 10,014,000 common shares
outstanding and no potentially dilutive securities.





Accounting for Oil and Gas
Producing Activities





The
Company uses the successful efforts method of accounting for oil and gas
producing activities. Costs to acquire mineral interests in oil and gas
properties, to drill and equip exploratory wells that find proved reserves, and
to drill and equip development wells are capitalized. Costs to drill exploratory
wells that do not find proved reserves, geological and geophysical costs, and
costs of carrying and retaining unproved properties are expensed.





F-9







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





Per SEC
regulations all registrants engaged in oil and gas exploration and production
activities that follow the successful efforts method of accounting should
provide the disclosures specified with respect to capitalized exploratory
drilling costs pending the determination of proved reserves in filings that
include financial reports covering periods ending on or after December 15, 2004.
The Company has incurred no such costs for the periods presented.





Unproved
oil and gas properties that are individually significant are periodically
assessed for impairment of value, and a loss is recognized at the time of
impairment by providing an impairment allowance. Other unproved properties are
amortized based on the Company's experience of successful drilling and average
holding period. Capitalized costs of producing oil and gas properties, after
considering estimated dismantlement and abandonment costs and estimated salvage
values, are depreciated and depleted by the unit-of-production method. Support
equipment and other property and equipment are depreciated over their estimated
useful lives.





On the
sale or retirement of a complete unit of a proved property, the cost and related
accumulated depreciation, depletion, and amortization are eliminated from the
property accounts, and the resultant gain or loss is recognized. On the
retirement or sale of a partial unit of proved property, the cost is charged to
accumulated depreciation, depletion, and amortization with a resulting gain or
loss recognized in income.





Basic Loss Per
Share





The
computations of basic loss per share of common stock are based on the weighted
average number of shares outstanding at the date of the financial statements.
There are no common stock equivalents outstanding.





NOTE A –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Provision for Income
Taxes





Deferred
taxes are provided on a liability method whereby deferred tax assets are
recognized for deductible temporary differences and operating loss and tax
credit carry forwards and deferred tax liabilities are recognized for taxable
temporary differences.  Temporary differences are the differences
between the reported amounts of assets and liabilities and their tax
bases.  Deferred tax assets are reduced by a valuation allowance when,
in the opinion of management, it is more likely that not that some portion or
all of the deferred tax assets will not be realized.  Deferred tax
assets and liabilities are adjusted for the effects of changes in tax laws and
rates on the date of enactment.





F-10








RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





Net
deferred tax assets consist of the following components from Inception on
December 4, 2007 to March 31, 2009:





2008Net
      operating loss carry forward
                  
                  $
                  31,020Valuation
      allowance
                  
                  
                  (31,020
                  )Net
      deferred tax asset
                  
                  $
                  -





A
reconciliation of income taxes computed at the statutory rate to the income tax
amount recorded is as follows:





Since
      InceptionTax
      at statutory rate (35%)
                    
                    $
                    10,857Increase
      in valuation allowance
                    
                    
                    (10,857
                    )Net
      deferred tax asset
                    
                    $
                    -





At March
31, 2009, the Company had an operating loss carry forward of $31,020 that can be
used as an offset against future taxable income. No tax benefit has been
reported in the March 31, 2009 financial statements since the potential tax
benefit is offset by a valuation allowance of the same amount.





Due to
the change in ownership provisions of the Tax Reform Act of 1986, net operating
loss carry-forwards for Federal income tax reporting purposes are subject to
annual limitations.  Should a change in ownership occur, net operating
loss carry forwards may be limited as to use in the future.





Use of
Estimates





The
preparation of financial statements in accounting principles generally accepted
in the United States of America 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.  A change in managements’ estimates or assumptions
could have a material impact on Rangeford Resources, Inc.’s financial condition
and results of operations during the period in which such changes
occurred.




F-11







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





NOTE A –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)




Use of Estimates
(continued)





Actual
results could differ from those estimates. Rangeford Resources, Inc.’s financial
statements reflect all adjustments that management believes are necessary for
the fair presentation of their financial condition and results of operations for
the periods presented.





Fair Value of Financial
Instruments





As at
March 31, 2009, the fair value of cash and accounts and advances payable,
including amounts due to and from related parties, approximate carrying values
because of the short-term maturity of these instruments.




Recently Issued Accounting
Pronouncements





In May
2008, FASB issued Financial Accounting Standards No. 163, “Accounting for Financial Guarantee
Insurance Contracts - an interpretation of FASB Statement No. 60.”Diversity exists in practice in accounting for financial guarantee
insurance contracts by insurance enterprises under FASB Statement No. 60,
Accounting and Reporting by Insurance Enterprises. That diversity results in
inconsistencies in the recognition and measurement of claim liabilities because
of differing views about when a loss has been incurred under FASB Statement No.
5, Accounting for Contingencies.





This
Statement requires that an insurance enterprise recognize a claim liability
prior to an event of default (insured event) when there is evidence that credit
deterioration has occurred in an insured financial obligation. This Statement
also clarifies how Statement 60 applies to financial guarantee insurance
contracts, including the recognition and measurement to be used to account for
premium revenue and claim liabilities. Those clarifications will increase
comparability in financial reporting of financial guarantee insurance contracts
by insurance enterprises. This Statement requires expanded disclosures about
financial guarantee insurance contracts. The accounting and disclosure
requirements of the Statement will improve the quality of information provided
to users of financial statements. This Statement is effective for financial
statements issued for fiscal years beginning after December 15, 2008, and all
interim periods within those fiscal years.





F-12







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





In May
2008, FASB issued Financial Accounting Standards No. 162, “The Hierarchy of Generally
Accepted Accounting Principles.” This Statement identifies the sources of
accounting principles and the framework for selecting the principles to be used
in the preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy). This Statement is effective 60 days
following the SEC's approval of the Public Company Accounting Oversight Board
amendments to AU Section 411, The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles. This
pronouncement has no effect on this Company’s financial reporting at this
time.





NOTE A –
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)





Recently Issued Accounting
Pronouncements (continued)





In March
of 2008 the Financial Accounting Standards Board (FASB) issued SFAS No. 161,
“Disclosures about Derivative
Instruments and Hedging Activities—an amendment of FASB Statement No.
133, “Accounting for
Derivatives and Hedging Activities.”  SFAS No. 161 has the same
scope as Statement No. 133 but requires enhanced disclosures about (a) how and
why an entity uses derivative instruments, (b) how derivative instruments and
related hedged items are accounted for under Statement No. 133 and its related
interpretations, and (c) how derivative instruments and related hedged items
affect an entity’s financial position, financial performance, and cash flows.
 SFAS No. 161 is effective for financial statements issued for fiscal years
and interim periods beginning after November 15, 2008, with early application
encouraged.  The statement encourages, but does not require, comparative
disclosures for earlier periods at initial adoption.  SFAS No. 161 has no
effect on the Company’s financial position, statements of operations, or cash
flows at this time.





In
December 2007, the FASB issued SFAS 160, “Noncontrolling interests in
Consolidated Financial Statements – an amendment of ARB No. 51”. This Statement
amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. This Statement is effective for fiscal
years beginning on or after December 15, 2008. Early adoption is not permitted.
Management is currently evaluating the effects of this statement, but it is not
expected to have any impact on the Company’s financial statements.





F-13







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





In
December 2007, the FASB issued SFAS No.141 (revised 2007), “Business Combinations” (“SFAS
141(R)”) and SFAS No. 160, “Noncontrolling Interests in
Consolidated Financial Statements” (“SFAS 160”). These standards aim to
improve, simplify, and converge internationally the accounting for business
combinations and the reporting of noncontrolling interests in consolidated
financial statements. The provisions of SFAS 141 (R) and SFAS 160 are effective
for the fiscal year beginning April 1, 2009.  The adoption of SFAS 141(R)
and SFAS 160 has not impacted the Company’s financial statements.





None of the above new pronouncements
has current application to the Company, but may be applicable to the Company’s
future financial reporting.





Long-lived
Assets-Technology





The
Company’s technology is recorded at its cost. The Company continually monitors
events and changes in circumstances that could indicate carrying amounts of
long-lived assets may not be recoverable. When such events or changes in
circumstances are present, the Company assesses the recoverability of long-lived
assets by determining whether the carrying value of such assets will be
recovered through undiscounted expected future cash flows. If the total of the
future cash flows is less than the carrying amount of those assets, the Company
recognizes an impairment loss based on the excess of the carrying amount over
the fair value of the assets. Assets to be disposed of are reported at the lower
of the carrying amount or the fair value less costs to sell.





Concentration of
Risk





The
Company at times may maintain a cash balance in excess of insured limits. At
March 31, 2009, the Company has no cash in excess of insured
limits.





Revenue
Recognition





The
Company recognizes oil revenues when pumped and metered by the
customer.





F-14







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





Accounts
Receivable





Accounts
receivable are carried at the expected net realizable value. The allowance for
doubtful accounts is based on management's assessment of the collectability of
specific customer accounts and the aging of the accounts
receivables.  If there were a deterioration of a major customer's
creditworthiness, or actual defaults were higher than historical experience, our
estimates of therecoverability of the
amounts due to us could be overstated, which could have a
negative impact on operations. As of December 31, 2008, the Company had no
accounts receivable.





Cash and Cash
Equivalents





For
purposes of the statement of cash flows, the Company considers all short-term
debt securities purchased with maturity of three months or less to be cash
equivalents. As of March 31, 2009, the Company had $180 in cash and no cash
equivalents.





Property and
Equipment





Property
and equipment are carried at cost. Expenditures for maintenance and repairs are
charged against operations. Renewals and betterments that materially extend the
life of the assets are capitalized. When assets are retired or otherwise
disposed of, the cost and related accumulated depreciation are removed from the
accounts, and any resulting gain or loss is reflected in income for the period.
As of March 31, 2009, the Company did not own any depreciable
property.





Depreciation
is computed for financial statement purposes on a straight-line basis over
estimated useful lives of the related assets. For federal income tax purposes,
depreciation is computed under the modified accelerated cost recovery system.
For audit purposes, depreciation is computed under the straight-line
method.





Cost of Goods
Sold





Job costs
include all direct materials, and labor costs and those indirect costs related
to locations, exploration, development and maintenance of properties. Selling,
general and administrative costs are charged to expense as incurred. As there is
no revenues from the Company’s Inception to date, no cost of goods sold are
reflected in the statements of operations.




F-15







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





NOTE B –
GOING CONCERN





The
Company’s financial statements are prepared using accounting principles
generally accepted in the United States of America applicable to a going concern
which contemplates the realization of assets and liquidation of liabilities in
the normal course of business.  However, the Company does not have
significant cash or other current assets, nor does it have an established source
of revenues sufficient to cover its operating costs and to allow it to continue
as a going concern.  The Company intends to raise additional capital when
required to produce crude oil from tar sands.  When and if these activities
provide sufficient revenues it would allow it to continue as a going
concern. In the interim the Company is working toward raising operating capital
through the private placement of its common stock or debt
instruments.




The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plan described in the preceding paragraph
and eventually attain profitable operations.  The accompanying financial
statements do not include any adjustments that may be necessary if the Company
is unable to continue as a going concern.





NOTE
C - RELATED PARTY TRANSACTIONS





The
Company neither owns nor leases any real or personal property.  An
officer or resident agent of the corporation provides office services without
charge.  Such costs are immaterial to the financial statements and
accordingly, have not been reflected therein.  The officers and
directors for the Company are involved in other business activities and may, in
the future, become involved in other business opportunities.  If a
specific business opportunity becomes available, such persons may face a
conflict in selecting between the Company and their other business
interest.  The Company has not formulated a policy for the resolution
of such conflicts.





Since
inception and through March 31, 2009, the Company has received advances from Mr.
Ziegler, our sole officer and director, in the amount of $9,400. These advances
were used to pay for professional services associated with the start-up costs of
the Company such as audits and filing the Company’s S-1 registration statement.
These advances are non-interest bearing and due on demand. Interest has not been
imputed due to the immaterial impact this would have on the financial statements
as a whole.





F-16







RANGEFORD
RESOURCES, INC.


(An
Exploration Stage Enterprise)


Notes
to Audited Financial Statements


For
the Year Ended March 31, 2009, the Period of December 4, 2007
(Inception)


to
March 31, 2008 and the Period of December 4, 2007 (Inception) to March 31,
2009





NOTE D -
WARRANTS AND OPTIONS





There are
no warrants or options outstanding to acquire any additional shares of common
stock of the Company.





NOTE E–
SUBSEQUENT EVENTS





No events
have occurred subsequent to the balance sheet date which would require
disclosure in the financial statements.


F-17







ITEM
      9.
            CHANGES IN AND DISAGREEMENTS
      WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
      DISCLOSURE.





There
have been no disagreements on accounting and financial disclosures from the
inception of our company through the date of this Form 10-K. Our financial
statements for the period from inception to March 31, 2009, included in this
report have been audited by The Blackwing Group, LLC, as set forth in this
annual report.





ITEM
9A.     CONTROLS AND
PROCEDURES.





Evaluation
of Disclosure Controls and Procedures





We
maintain “disclosure controls and procedures,” as such term is defined in Rule
13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that
are designed to ensure that information required to be disclosed in our Exchange
Act reports is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission rules and forms, and
that such information is accumulated and communicated to our management,
including our Chief Executive Officer and Chief Financial Officer, as
appropriate, to allow timely decisions regarding required disclosure. We
conducted an evaluation (the “Evaluation”), under the supervision and with the
participation of our Chief Executive Officer (“CEO”) and Chief Financial Officer
(“CFO”), of the effectiveness of the design and operation of our disclosure
controls and procedures (“Disclosure Controls”) as of the end of the period
covered by this report pursuant to Rule 13a-15 of the Exchange Act. Based on
this Evaluation, our CEO and CFO concluded that our Disclosure Controls were
effective as of the end of the period covered by this report.





Limitations
on the Effectiveness of Controls





Our
management, including our CEO and CFO, does not expect that our Disclosure
Controls and internal controls will prevent all errors and all fraud. A control
system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met.
Further, the design of a control system must reflect the fact that there are
resource constraints, and the benefits of controls must be considered relative
to their costs. Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within the Company have been detected. These
inherent limitations include the realities that judgments in decision-making can
be faulty, and that breakdowns can occur because of a simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management or board override
of the control.





19







The
design of any system of controls also is based in part upon certain assumptions
about the likelihood of future events, and there can be no assurance that any
design will succeed in achieving its stated goals under all potential future
conditions; over time, controls may become inadequate because of changes in
conditions, or the degree of compliance with the policies or procedures may
deteriorate. Because of the inherent limitations in a cost-effective control
system, misstatements due to error or fraud may occur and not be
detected.





CEO
and CFO Certifications





Appearing
immediately following the Signatures section of this report there are
Certifications of the CEO and the CFO. The Certifications are required in
accordance with Section 302 of the Sarbanes-Oxley Act of 2002 (the Section 302
Certifications). This Item of this report, which you are currently reading is
the information concerning the Evaluation referred to in the Section 302
Certifications and this information should be read in conjunction with the
Section 302 Certifications for a more complete understanding of the topics
presented.





Management’s
Report on Internal Control over Financial Reporting





Our
management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Exchange Act Rule
13a-15(f). The Company’s internal control over financial reporting is a process
designed to provide reasonable assurance to our management and board of
directors regarding the reliability of financial reporting and the preparation
of the financial statements for external purposes in accordance with accounting
principles generally accepted in the United States of America.





Our
internal control over financial reporting includes those policies and procedures
that (i) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of
the Company; (ii) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with
accounting principles generally accepted in the United States of America, and
that receipts and expenditures of the Company are being made only in accordance
with authorizations of management and directors of the Company; and (iii)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of the Company’s assets that could
have a material effect on the financial statements.





Because
of its inherent limitations, internal controls over financial reporting may not
prevent or detect misstatements. All internal control systems, no matter how
well designed, have inherent limitations, including the possibility of human
error and the circumvention of overriding controls. Accordingly, even effective
internal control over financial reporting can provide only reasonable assurance
with respect to financial statement preparation. Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.





20







Our
management assessed the effectiveness of our internal control over financial
reporting as of March 31, 2009. In making this assessment, it used the criteria
set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in Internal
Control-Integrated Framework. Based on our assessment, we believe that,
as of March 31, 2009, the Company’s internal control over financial reporting
was effective based on those criteria.





This
annual report does not include an attestation report of our registered public
accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit us to provide only management’s report in this annual
report.





Changes
in Internal Controls





There
were no changes in our internal control over financial reporting during the
quarter ended March 31, 2009 that have materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.





ITEM
      9B.
            OTHER
      INFORMATION





None.








PART
III





ITEM
      10.
            DIRECTORS,
      EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION
      16(a) OF THE EXCHANGE ACT.





Officers
and Directors





Our
directors will serve until his/her successor is elected and qualified. Our
officer is elected by the board of directors to a term of one (1) year and
serves until his/her successor is duly elected and qualified, or until he/she is
removed from office.





The
names, addresses, ages and positions of our present officers and directors are
set forth below:


Name
                  
                  Age
                  
                  PositionFrederick
      Ziegler
                  
                  66
                  
                  Pres./Sec./Treas./Ronald A. Davis
                  
                  66
                  
                  Control
      Person




21







The
persons named above have held their offices/positions since our inception and is
expected to hold their offices/positions until the next annual meeting of our
stockholders.





Background
of officers and directors





Fred Ziegler, President, Member of
the Board of Directors, age 66.





For the
past ten years, Mr. Ziegler has owned and managed three real estate development
companies. During this period, he developed 1100 residential building lots and
forty five acres of commercial development including a 93-room Comfort Inn, a
32900 grocery store and a K-6 elementary school.





In 1980
he became the President of Colorado Eastern Oil Corporation which later merged
with Spring Creek Resources, Inc,, a publicly traded company.





In
addition, Mr. Ziegler has farmed over 2000 acres of wheat, corn and sugar beets,
as well as being employed as a county sheriff and town marshal.





Ronald A. Davis, Control Person, age
66.




Mr. Davis
commenced his career at Goldman Sachs & Co. in 1964 as an office boy.
Following the completion of graduate school at the University of Southern
California and military service, Mr. Davis returned to Goldman Sachs where he
worked until joining Dean Witter & Co. (now Morgan Stanley). Areas of work
responsibility included syndication and institutional sales.





In
February 2008, Mr. Davis founded Genesis Corporate Development, LLC and is the
managing director where he provides business consulting services to start-up
companies.  Mr. Davis advises on such matters as business plan
development, identifying angel groups interested in investments similar to the
client’s project, and assists with writing and developing business and finance
strategies.  Prior to Genesis Corporate Development Mr. Davis operated
his consulting services through Heartland Managed Risk, LLC (established in
2002.) This business was combined with Genesis in the spring of
2008.





In March
2008, Mr. Davis founded Walker, Bannister & Dunn, LLC and is the sole member
and control person of this Company.  Through this business Mr. Davis
provides specialized consulting services to businesses seeking private and
public equity financing.





In
December 2005, Mr. Davis founded St. Vincent Press, Inc. this company was
organized to publish short run books with a small audience. The material was to
include subjects such as investments, insurance, self directed and check book
controlled Individual Retirement Accounts and tax related matters. From
inception to Mr. Davis’ resignation from the Company, he provided management and
financial backing. In addition, he was instrumental in raising about $50,000 to
facilitate future growth and as of December, 2007, Mr. Davis resigned his
position to seek other opportunities and is acting in a limited advisory role
with the company





22







Involvement with Reporting
and Public Companies





Currently
Mr. Davis is the sole officer and director of Bella Viaggio, Inc., a Reporting
Company with the Securities and Exchange Commission.  Mr. Davis formed
this corporation in June 2007 for the purpose developing day spas and upscale
hair salons.  Currently Mr. Davis spends approximately 20% of his time
towards the development of this business.  To date, Bella has not
commenced business operations.





Currently
Mr. Davis is a controlling shareholder of Rangeford Resources, Inc., owning
approximately 34% of the Company’s common stock.  Mr. Davis is a
minority shareholder and performs no management role for the
Company.  To date, Rangeford has not commenced business
operations.





From
August 2007 to December 2007, Mr. Davis was the Treasurer of Friendly Auto
Dealers, Inc., a Reporting Company whose common stock is currently listed on the
Over the Counter Bulletin Board (“OTCBB”) under the trading symbol
FYAD.   He served in a limited role for this Company providing
accounting services until he resigned from the Company.  At the date
of his resignation Friendly had not commenced business operations.





In 1994,
Mr. Davis was nominated President and Chief Executive Officer of Caffe Diva
Group, Ltd., a U.S. based Pink Sheet Public Company, trading under the symbol
CFDA.  This business was engaged in the roasting and retail sale of
gourmet coffee through a 47 store chain of espresso drive-thrus. Mr. Davis
provided and directed this business from the time it opened its first store
until the 47th store
was acquired.  During his stewardship, all of the Company’s stores
achieved and maintained profitability. In September of 2000, Mr. Davis resigned
from his positions with the Company.





Education





Mr. Davis
received his B.S. in Business Administration from the University of Southern
California. In 1967, he completed his work on a Masters of Business
Administration from the University of Southern California and immediately
entered the U.S. Army. Mr. Davis is a past (1999-2002) Adjunct Professor in the
Graduate School of Business, Portland State University, Portland, Oregon where
he taught courses on capital formation and new venture creation





Published
Works





Mr. Davis
has written two books that have been published.  In 1972, The
Financial Impact on Conglomerates of Vertical and Horizontal
Diversification and in 2002, Managing
Wealth: Improving Investment Returns In An Offshore
Environment.





23







In
addition, Mr. Davis wrote an article published in Venture Magazine titled, Small Company Capital Formation
Strategies.





Currently,
Mr. Davis is working on a new book, whose original publication date was February
2008, How the
Poor Get Rich: Low Risk High Return Investing which he plans to have
published and available in the winter of 2010.





Conflicts
of Interest





There are
no conflicts of interest.  Further, we have not established any
policies to deal with possible future conflicts of interest.





Audit
Committee Financial Expert





We do not
have an audit committee financial expert. We do not have an audit committee
financial expert because we believe the cost related to retaining a financial
expert at this time is prohibitive. Further, because we are only beginning our
commercial operations, at the present time, we believe the services of a
financial expert are not warranted.





Involvement
in Certain Legal Proceedings





Rangeford
Resources, Inc. is not currently a party to any legal proceedings.





Code
of Ethics





We have
adopted a corporate code of ethics. We believe our code of ethics is reasonably
designed to deter wrongdoing and promote honest and ethical conduct; provide
full, fair, accurate, timely and understandable disclosure in public reports;
comply with applicable laws; ensure prompt internal reporting of code
violations; and provide accountability for adherence to the code.





ITEM
11.      EXECUTIVE COMPENSATION





The
following table sets forth the compensation paid by us for the last two years
through March 31, 2009, for our officers.  This information includes
the dollar value of base salaries, bonus awards and number of stock options
granted, and certain other compensation, if any.  The compensation
discussed addresses all compensation awarded to, earned by, or paid to our named
executive officer.





24







Summary
Compensation Table


Non-
              NonqualifiedEquity
              Deferred
              AllIncentive
              Compensa-
              OtherStock
              Option
              Plan
              tion
              Compen-Name
      and
              
              Salary
              Bonus
              Awards
              Awards
              Compensation
              Earnings
              sation
              TotalPrincipal
      Position
              Year
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)(a)
              (b)
              (c)
              (d)
              (e)
              (f)
              (g)
              (h)
              (i)
              (j)Frederick
      Ziegler
              2009
              0
              0
              0
              0
              0
              0
              0
              0President,
      Secretary
              2008
              0
              0
              0
              0
              0
              0
              0
              0and
      Treasurer





Employment
Agreements





We have
no employment agreements.





Compensation
of Directors





The
following table sets forth the compensation paid to each of our directors in
2009.  This information includes the dollar value of base salaries,
bonus awards and number of stock options granted, and certain other
compensation, if any.  The compensation discussed addresses all
compensation awarded to, earned by, or paid to our named directors.











Director
Compensation


FeesEarned
              
              
              
              Nonqualifiedor
              
              
              Non-Equity
              DeferredPaid
      in
              Stock
              Option
              Incentive
      Plan
              Compensation
              All
      OtherCash
              Awards
              Awards
              Compensation
              Earnings
              Compensation
              TotalName
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)
              (US$)(a)
              (b)
              (c)
              (d)
              (e)
              (f)
              (g)
              (h)Frederick
      Ziegler
              0
              0
              0
              0
              0
              0
              355





The sole
director receives no compensation for attending the meetings of the board of
directors.  The board of directors met 4 times in fiscal year
2009.  Since March 31, 2009, we have met
once.





Potential
Payments Upon Termination or Change-in-Control





SEC
regulations state that we must disclose information regarding agreements, plans
or arrangements that provide for payments or benefits to our executive officers
in connection with any termination of employment or change in control of the
company. We currently have no employment agreements with any of our executive
officers, nor any compensatory plans or arrangements resulting from the
resignation, retirement or any other termination of any of our executive
officers, from a change-in-control, or from a change in any executive officer's
responsibilities following a change-in-control.


25







Long-Term
Incentive Plan Awards





We
do not have any long-term incentive plans that provide compensation
intended to serve as incentive for performance.





As of the
date hereof, we have not entered into employment contracts with any of our
officers and do not intend to enter into any employment contracts until such
time as it profitable to do so.





Indemnification





The
General Corporation Law of the State of Nevada, under which the Company is
organized, permits the inclusion in the articles of incorporation of a
corporation of a provision limiting or eliminating the potential monetary
liability of directors to a corporation or its stockholders by reason of their
conduct as directors. The provision would not permit any limitation on, or the
elimination of, liability of a director for disloyalty to his or her corporation
or its stockholders, failing to act in good faith, engaging in intentional
misconduct or a knowing violation of the law, obtaining an improper personal
benefit or paying a dividend or approving a stock repurchase that was illegal
under Nevada law. Accordingly, the provisions limiting or eliminating the
potential monetary liability of directors permitted by Nevada law apply only to
the “duty of care” of directors, i.e., to unintentional errors in their
deliberations or judgments and not to any form of “bad faith”
conduct.




The
articles of incorporation of the Company contain a provision which eliminates
the personal monetary liability of directors to the extent allowed under Nevada
law. Accordingly, a stockholder is able to prosecute an action against a
director for monetary damages only if he or she can show a breach of the duty of
loyalty, a failure to act in good faith, intentional misconduct, a knowing
violation of law, an improper personal benefit or an illegal dividend or stock
repurchase, as referred to in the amendment, and not “negligence” or “gross
negligence” in satisfying his or her duty of care. Nevada law applies only to
claims against a director arising out of his or her role as a director and not,
if he or she is also an officer, his or her role as an officer or in any other
capacity or to his or her responsibilities under any other law, such as the
federal securities laws.




In
addition, the Company’s articles of incorporation and bylaws provide that the
Company will indemnify our directors, officers, employees and other agents to
the fullest extent permitted by Nevada law. Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise. The Company has been advised that in the opinion of
the SEC, such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable.


26







In the
event that a claim for indemnification against such liabilities (other than the
payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in the
opinion of our counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.




No
pending litigation or proceeding involving a director, officer, employee or
other agent of the Company as to which indemnification is being sought exists,
and the Company is not aware of any pending or threatened material litigation
that may result in claims for indemnification by any director, officer, employee
or other agent.








ITEM
      12.
            SECURITY
      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
  MANAGEMENT





The
following table sets forth, as of the date of this report, the total number of
shares owned beneficially by each of our directors, officers and key employees,
individually and as a group, and the present owners of 5% or more of our total
outstanding shares. The stockholders listed below have direct ownership of
his/her shares and possess voting and dispositive power with respect to the
shares.The
following table provides the names and addresses of each person known to
Rangeford Resources, Inc. to own more than 5% of the outstanding common stock as
of March 31, 2009, and by the Officers and Directors, individually and as a
group. Except as otherwise indicated, all shares are owned
directly.







Title
      of Class
                              Name
      and Address
                                of
      Beneficial Owner
                              Amount
      of
                                Beneficial
      Ownership
                              Percent
                                of
      Class*Common
      Stock
                              Frederick
      Ziegler
                                Post
      Office Box 1365
                                8541
      North County Road 11
                                Wellington,
      Colorado 80549
                              6,000,000
      shares
                              60.00%Common
      Stock
                              Walker,
      Bannister & Dunn, LLC**
                                4412
      8tth
      Street SW
                                Vero
      Beach, Florida 32968
                              3,400,000
      shares
                              34.00%TOTALS
                              
                              9,400,000
                              94.00%





27







*The
percent of class is based on 10,000,000 shares of common stock issued and
outstanding as of June ______, 2009.


**
Walker, Bannister & Dunn, LLC is managed by Ronald A. Davis





ITEM
      13.
            CERTAIN
      RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR
    INDEPENDENCE





There are
no promoters being used in relation with this offering, except that under the
definition of promoter in Rule 405 of Regulation C of the Securities Act of
1933, Frederick Ziegler, Sole Officer and Sole Director of Rangeford Resources,
Inc. and Ronald A. Davis are considered promoters with respect to this offering.
No persons who may, in the future, be considered a promoter will receive or
expect to receive assets, services or other consideration from us. No assets
will be or are expected to be acquired from any promoter on behalf of Rangeford
Resources, Inc.. We have not entered into any agreements that require disclosure
to our shareholders.




None of
the following parties has, since the date of incorporation, had any material
interest, direct or indirect, in any transaction with us or in any presently
proposed transaction that has or will materially affect us:




·     The
Officers and Directors;




·     Any
person proposed as a nominee for election as a director;




·     Any
person who beneficially owns, directly or indirectly, shares carrying more than
5% of the voting rights attached to the outstanding shares of common
stock;




·     Any
relative or spouse of any of the foregoing persons who have the same house as
such person.




On
December 10, 2007  Rangeford Resources, Inc.  issued
6,000,000 shares of Common stock to Frederick Ziegler for $4,100.00 in cash and
services.  This value was determined as an arms length transaction
between non-related parties.




On
December 10, 2007  Rangeford Resources, Inc. issued 3,400,000 shares
of Common stock to Walker, Bannister & Dunn, LLC for $7,200 in future
services.  This value was determined as an arms length transaction
between non-related parties.




Rangeford
Resources, Inc. issued 100,000 shares of Common stock to Jameson Capital, LLC on
December 10, 2007 for $1,000.00 in exchange for services to be rendered. This
value was determined as an arms length transaction between non-related
parties.





The
Company, on December 10, 2007, issued 500,000 shares of Common stock to Ramsgate
Group, Inc. for $5,000.00 in services to be rendered. This value was determined
as an arms length transaction between non-related parties.


28







ITEM
14.      PRINCIPAL ACCOUNTING FEES AND
SERVICES





(1)
Audit Fees





The
aggregate fees billed for each of the last two fiscal years for professional
services rendered by the principal accountant for our audit of annual financial
statements and review of financial statements included in our Form 10-Qs or
services that are normally provided by the accountant in connection with
statutory and regulatory filings or engagements for those fiscal years
was:





2009
              $
              3,000
              
              The
      Blackwing Group, LLC2008
              $
              1,500
              
              The
      Blackwing Group, LLC





(2)
Audit-Related Fees





The
aggregate fees billed in each of the last two fiscal years for assurance and
related services by the principal accountants that are reasonably related to the
performance of the audit or review of our financial statements and are not
reported in the preceding paragraph:





2009
              $
              0
              
              The
      Blackwing Group, LLC2008
              $
              0
              
              The
      Blackwing Group, LLC





(3)
Tax Fees





The
aggregate fees billed in each of the last two fiscal years for professional
services rendered by the principal accountant for tax compliance, tax advice,
and tax planning was:





2009
              $
              0
              
              The
      Blackwing Group, LLC2008
              $
              0
              
              The
      Blackwing Group, LLC





(4)
All Other Fees





The
aggregate fees billed in each of the last two fiscal years for the products and
services provided by the principal accountant, other than the services reported
in paragraphs (1), (2), and (3) was:





2009
              $
              0
              
              The
      Blackwing Group, LLC2008
              $
              0
              
              The
      Blackwing Group, LLC








The
percentage of hours expended on the principal accountant’s engagement to audit
our financial statements for the most recent fiscal year that were attributed to
work performed by persons other than the principal accountant’s full time,
permanent employees was 0%.


29







ITEM
      15.
            EXHIBITS
      AND FINANCIAL STATEMENT SCHEDULES.





Exhibit
      No.
            Document
      Description31.1
            Certification
      of Principal Executive Officer and Principal Financial Officer pursuant
      Section 302 of the Sarbanes-Oxley Act of 2002.32.1
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant Section
      906 of the Sarbanes-Oxley Act of
2002.








30







SIGNATURES





Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for
filing of this Form 10-K and has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized on this 5th day of
June, 2009.





RANGEFORD
      RESOURCES, INC.BY:
            /s/ Frederick ZieglerFrederick
      ZieglerPresident,
      Principal Accounting Officer, Principal Executive Officer, Principal
      Financial Officer, Secretary, Treasurer and
  Director





Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following person on behalf of the Registrant and in the
capacities.





Signature
            Title
            Date/s/ Frederick Ziegler
            President,
      Principal Accounting Officer,
            June
      30, 2009Frederick
      Ziegler
            Principal
      Executive Officer, Principal Financial Officer, Secretary, Treasurer and
      Director





31




EXHIBIT
INDEX


Incorporated
      by referenceExhibit
      No.
                    Document
      Description
                    Form
                    Date
                    Number
                    Filed
      herewith3.1
                    Articles
      of Incorporation.
                    S-1
                    11/07/08
                    3.13.2
                    Bylaws.
                    S-1
                    11/07/08
                    3.214.1
                    Code
      of Ethics.
                    S-1
                    11/07/08
                    14.114.2
                    Code
      of Ethics
                    
                    
                    
                    X31.1
                    Certification
      of Principal Executive Officer and Principal Financial Officer pursuant
      Section 302 of the Sarbanes-Oxley Act of 2002.
                    
                    
                    
                    X32.1
                    Certification
      of Chief Executive Officer and Chief Financial Officer pursuant Section
      906 of the Sarbanes-Oxley Act of 2002.
                    
                    
                    
                    X
 
  32