U.S. SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C.  20549

                             FORM 10-KSB

[X]  Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

     For the fiscal year ended June 30, 2006  Commission File No. 333-126514

[ ]  Transition Report Pursuant to Section 13 or 15(d) of the Securities
     Exchange Act of 1934

     For the transition period from           to           .

                     BAROSSA COFFEE COMPANY, INC.
            (Name of small business issuer in its charter)

           Nevada                                         20-2641871
     State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization                     Identification No.)

    311 South State Street, Suite 460, Salt Lake City, Utah 84111
         (Address of principal executive offices)  (zip code)

Issuer's telephone number, including area code:  (801) 364-9262


    (Former name or former address, if changed since last report.)

Securities registered under Section 12(b) of the Exchange Act:  None
Securities registered under Section 12(g) of the Exchange Act:  None

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

Check if there is no disclosure of delinquent filers in response to Item 405
of Regulation S-B contained in this form, and no disclosure will 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-KSB or any
amendment to this Form 10-KSB. (Not applicable)                  [   ]

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).              Yes   X      No

Issuer's revenues for its most recent fiscal year.         $60,691

The aggregate market value of the voting stock held by non-affiliates is not
determinable because of the lack of any meaningful market value quotations.
(See Item 5 herein).

The number of shares outstanding of the Issuer's common stock at October 11,
2006: 1,898,000

<PAGE>

                   FORWARD-LOOKING STATEMENT NOTICE

     When used in this report, the words "may," "will," "expect,"
"anticipate,""continue," "estimate," "project," "intend," and similar
expressions are intended to identify 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 regarding events, conditions, and financial
trends that may affect the Company's future plans of operations, business
strategy, operating results, and financial position. Persons reviewing this
report are cautioned that any forward-looking statements are not guarantees of
future performance and are subject to risks and uncertainties and that actual
results may differ materially from those included within the forward-looking
statements as a result of various factors. Such factors are discussed under
the headings "Item 1. Description of Business," and "Item 6. Management's
Discussion and Analysis of Financial Condition and Results of Operations," and
also include general economic factors and conditions that may directly or
indirectly impact the Company's financial condition or results of operations.

                                PART I

ITEM 1.   DESCRIPTION OF BUSINESS

     (A)  BUSINESS DEVELOPMENT.

     Barossa Coffee Company, Inc. is a small start up company that was only
recently incorporated in March 2005.  In July, 2005, the Company filed a
registration statement on Form SB-2 with the U.S. Securities & Exchange
Commission under the Securities Act of 1933, to register an offering, on a
"best efforts minimum/maximum" basis, of up to 400,000 shares of $.001 par
value common stock, at a price of $0.25 per share. The registration statement
was declared effective September 20, 2005. The Company sold 298,000 shares of
common stock pursuant to the offering. The offering closed November 30, 2005,
and raised gross proceeds of $74,500. This increased the total issued and
outstanding common stock to 2,098,000 shares.

     (B)  BUSINESS OF COMPANY.

     Barossa was formed to open and operate, through a wholly owned
subsidiary, Alchemy Coffee Company, Inc., a retail, specialty coffee outlet.
The Company opened a retail coffee outlet featuring specialty coffees in
February, 2006 and utilized the experience of management in the coffee/cafe
industry to specialize in the sale of the highest quality, fresh locally-
roasted coffee beans and espresso related beverages; as well as organic food
and baked goods, teas, juices, and specific health foods and beverages.

     However, even though the Company generated revenues from operations of
$60,691 for the fiscal year ended June 30, 2006, it had an operating loss of
$19,672 and had to seek additional funding, which it borrowed from
shareholders. Because of the continuing cash needs of Alchemy which could not
be met by the Corporation, management and principal shareholders negotiated

<PAGE>

and reached a Stock Exchange Agreement on October 11, 2006, between the
Corporation and Jason Briggs, manager of the coffee shop,  wherein Briggs
shall receive all of the issued and outstanding common stock of Alchemy Coffee
Company, Inc. in exchange for all 200,000 shares of the Corporation's common
stock beneficially owned by Briggs, to be delivered to the Corporation for
cancellation. The Corporation has determined that since the inception of
Alchemy as a wholly-owned subsidiary of the Corporation, $64,964.34 has been
advanced to Alchemy and not repaid. The Corporation has determined that the
value of Alchemy is substantially less than the amount invested and has
determined that the 200,000 shares it will receive as consideration for
Alchemy has at least as great a value as Alchemy and that this is the best
value that could be received by the Corporation for Alchemy and that this
transaction is in the best interests of the Corporation.

     With this transaction, the Company will not be engaged in any business
activities and has no operations. The Company's principal activity will be to
investigate potential acquisitions. There is no assurance the Company can
become involved with any business venture in the future.

GOVERNMENTAL REGULATION

     It is impossible to predict the government regulation, if any, to which
the Company may be subject until it has acquired an interest in a business.
The use of assets and/or conduct of businesses that the Company may acquire
could subject it to environmental, public health and safety, land use, trade,
or other governmental regulations and state or local taxation. In selecting a
business in which to acquire an interest, management will endeavor to
ascertain, to the extent of the limited resources of the Company, the effects
of such government regulation on the prospective business of the Company. In
certain circumstances, however, such as the acquisition of an interest in a
new or start-up business activity, it may not be possible to predict with any
degree of accuracy the impact of government regulation. The inability to
ascertain the effect of government regulation on a prospective business
activity will make the acquisition of an interest in such business a higher
risk.

COMPETITION

     The Company will be involved in intense competition with other business
entities, many of which will have a competitive edge over the Company by
virtue of their stronger financial resources and prior experience in business.
There is no assurance that the Company will be successful in obtaining
suitable investments.

EMPLOYEES

     Jason Briggs, served as manager of the coffee shop, and was compensated
in the amount of 6,576 during the fiscal year ended June 30, 2006. Adam Gatto
is now the sole officer and director of the Corporation, serves as President,
Secretary-Treasurer and devotes part time (about five hours per week) but is
not employed full time and does not receive compensation.

<PAGE>

ITEM 2.   DESCRIPTION OF PROPERTY.

      We have no office facilities but for now the business address of Adam
Gatto, the President, and Lynn Dixon, a principal shareholder, is being used
as the business address of Barossa.

ITEM 3.   LEGAL PROCEEDINGS.

     The Company is not a party to any material pending legal proceedings
and, to the best of its knowledge, no action has been threatened by or against
the Company.

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

     No matter was submitted to a vote of security holders through the
solicitation of proxies or otherwise during the fourth quarter of the fiscal
year covered by this report.

                               PART II

ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

     (A)  MARKET INFORMATION.

     In August, 2006, the Company's common stock was approved for quotation
in the NASD's Bulletin Board system under the symbol "BSSA". Although
quotations for the Company's common stock can appear on the OTC Bulletin
Board, there is no established trading market for the common stock.
Transactions in the common stock can only be described as sporadic.
Consequently, the Company is of the opinion that any published prices cannot
be attributed to a liquid and active trading market and, therefore, is not
indicative of any meaningful market value. No high and low bid price
quotations for any calendar quarter during the last two fiscal years were
available. Any such quotations would reflect inter-dealer prices, without
retail mark-up, mark-down or commission and may not represent actual
transactions.

     During the period covered by this report, there were no sales by the
issuer of its equity securities without registering the securities under the
Securities Act.

     (B)  HOLDERS.

     On September 29, 2006, there were 44 holders of record of the Common
Stock.

     (C)  DIVIDENDS.

     The Company has not previously paid any cash dividends on common stock
and does not anticipate or contemplate paying dividends on common stock in the
foreseeable future.  Presently

<PAGE>

the intent is to utilize all available funds
for the development of business.  The only restrictions that limit the ability
to pay dividends on common equity or that are likely to do so in the future,
are those restrictions imposed by law.  Under Nevada corporate law, no
dividends or other distributions may be made which would render a company
insolvent or reduce assets to less than the sum of liabilities plus the amount
needed to satisfy outstanding liquidation preferences.  During the fourth
quarter of the fiscal year covered by this report, there was no repurchase
made by or on behalf of the issuer or any affiliated purchaser, of equity
securities registered pursuant to section 12 of the Exchange Act. None of the
issuer's securities is registered pursuant to section 12 of the Exchange Act.

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

PLAN OF OPERATIONS.

     The Company does not expect to generate any meaningful revenue or incur
operating expenses, except for administrative, legal, professional, accounting
and auditing costs associated with the filing requirements of a public
reporting company, unless and until it acquires an interest in an operating
company. The Company may not have sufficient cash to meet its operational
needs for the next twelve months. Management's plan of operation for the next
twelve months is to attempt to raise additional capital through loans from
related parties, debt financing, equity financing or a combination of
financing options. Currently, there are no understandings, commitments or
agreements for such an infusion of capital and no assurances to that effect.
Unless the Company can obtain additional financing, its ability to continue as
a going concern during the next twelve-month period is doubtful. The Company's
need for capital may change dramatically if and during that period, it
acquires an interest in a business opportunity.

     The Company's current operating plan is to (i) handle the administrative
and reporting requirements of a public company, and (ii) search for potential
businesses, products, technologies and companies for acquisition. At present,
the Company has no understandings, commitments or agreements with respect to
the acquisition of any business venture, and there can be no assurance that
the Company will identify a business venture suitable for acquisition in the
future. Further, there can be no assurance that the Company would be
successful in consummating any acquisition on favorable terms or that it will
be able to profitably manage any business venture it acquires.

     The accompanying financial statements have been prepared in conformity
with generally accepted accounting principles, which contemplate continuation
of the Company as a going concern.  However, the Company has incurred losses
since its inception, and has not yet been successful in establishing
profitable operations.  These factors raise substantial doubt about the
ability of the Company to continue as a going concern.  In this regard,
management is proposing to raise any necessary additional funds not provided
by operations through loans and/or through additional sales of its common
stock.  There is no assurance that the Company will be successful in raising
this additional capital or in achieving profitable operations.  The financial
statements do not include any adjustments that might result from the outcome
of these uncertainties.

<PAGE>

ITEM 7.   FINANCIAL STATEMENTS.

     See attached Financial Statements and Schedules.

ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE.

     There are not and have not been any disagreements between the Company
and its accountants on any matter of accounting principles or practices or
financial statement disclosure.

ITEM 8A.  CONTROLS AND PROCEDURES.

     The issuer's principal executive and financial officers, or persons
performing similar functions, are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:

     designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under their supervision, to
ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to them by others within those
entities, particularly during the period in which the periodic reports are
being prepared;

     designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under their
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;

     evaluated the effectiveness of the issuer's disclosure controls and
procedures as of the end of the fiscal year (the "Evaluation Date").

     Based on their evaluation as of the Evaluation Date, their conclusions
about the effectiveness of the disclosure controls and procedures were that
nothing indicated:

     any significant deficiencies in the design or operation of internal
controls which could adversely affect the issuer's ability to record, process,
summarize and report financial data;

     any fraud, whether or not material, that involves management or other
employees who have a significant role in the issuer's internal controls; or

     any material weaknesses in internal controls that have been or should be
identified for the issuer's auditors and disclosed to the issuer's auditors
and the audit committee of the board of directors (or persons fulfilling the
equivalent function).

<PAGE>

     Changes in internal control over financial reporting. There was no
significant change in the issuer's internal control over financial reporting
that occurred during the most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the issuer's internal
control over financial reporting.

ITEM 8B.  OTHER INFORMATION.

     There were no reports on Form 8-K filed during the last quarter of the
fiscal year ended June 30, 2006, nor any information required to be disclosed
in a report on Form 8-K, but not reported, during the fourth quarter of the
year covered by this Form 10-KSB. On October 11, 2006 (subsequent to the end
of the fiscal year for which this report is filed), management and principal
shareholders negotiated and reached a Stock Exchange Agreement as described in
Item 1.

                               PART III

ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

     (A)  IDENTIFY DIRECTORS AND EXECUTIVE OFFICERS.

     The following table shows directors, executive officers and other
significant employees, their ages, and all offices and positions with Barossa.
Each director is elected for a period of one year and serves until his
successor is duly elected by the stockholders and qualifies.  There are no
other arrangements or understandings regarding the length of time a director
is to serve in that capacity.  The board of directors serves as the audit
committee. None are audit committee financial experts. Officers and other
employees serve at the will of the board of directors.
<TABLE>
<S>                 <C>  <C>              <C>
                         Term Served As   Positions
Name of Director    Age  Director/Officer With Company

Adam Gatto          43   Since inception  President and Director

Jason Briggs        35   Since inception  Secretary, Treasurer and
                                          Director
</TABLE>

     Certain biographical information with respect to the officers is set
forth below.

     Adam Gatto, age 43, currently (since 2002) is manager of a private
equity fund primarily involved in the trading and investment of S&P 500
companies. Previously he was an Investment Portfolio Manager for high net
worth individuals and institutions at Morgan Stanley from November 1997 to
September 2002. He received Bachelor's degrees in Political Science and
Business from the University of Utah in 1986. In conjunction with that, he
also attended the University of Sienna School of International Business &
Language in Italy, receiving a minor in Italian and International Finance.

<PAGE>

     Jason Briggs, age 35, manager of the coffee shop, previously was Head
Barista, Barista Trainer, & Wholesale Rep for the Salt Lake Roasting Co. Jason
had been with the Salt Lake Roasting Co. since 1998 and has been in the Coffee
Industry for twelve years. Jason was also Assistant Roaster for two years and
was trained in coffee roasting by Head Roaster Andrew Tendick at Millcreek
Coffee Roasters. Jason is currently a sophomore at the University of Utah.
Pursuant to The Stock Exchange Agreement between the Corporation and Jason
Briggs, Briggs resigned as an officer and director of Corporation, leaving
Adam Gatto as the sole officer and director of the Corporation.

     The directors hold no directorships in any other companies subject to
the reporting requirements of the Securities Exchange Act of 1934.

     (B)  IDENTIFY SIGNIFICANT EMPLOYEES.

     None other than the person previously identified.

     (C)  FAMILY RELATIONSHIPS.    None

     (D)  INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS.

     Except as described herein, no officer or director of the Company; 1)
has had any petition filed, within the past five years, in Federal Bankruptcy
or state insolvency proceedings on behalf of any entity of which such person
was an officer or general partner within two years of filing; or 2) has been
convicted in a criminal proceeding within the past five years or is currently
a named subject of a pending criminal proceeding; or 3) has been the subject,
within the past five years, of any order, judgment, decree or finding (not
subsequently reversed, suspended or vacated) of any court or regulatory
authority involving violation of securities or commodities laws, or barring,
suspending, enjoining or limiting any activity relating to securities,
commodities or other business practice.

     (E)  AUDIT COMMITTEE FINANCIAL EXPERT.  The issuer does not have an
audit committee financial expert serving on its audit committee, due to lack
of funds.

     COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.  Section 16(a) is
inapplicable.

     CODE OF ETHICS. The issuer has adopted a code of ethics that applies to
its principal executive officer, principal financial officer, principal
accounting officer or controller, or persons performing similar functions. For
purposes of this Item, the term code of ethics means written standards that
are reasonably designed to deter wrongdoing and to promote: Honest and ethical
conduct, including the ethical handling of actual or apparent conflicts of
interest between personal and professional relationships; Full, fair,
accurate, timely, and understandable disclosure in reports and documents that
the issuer files with, or submits to, the Commission and in other public
communications made by the issuer; Compliance with applicable governmental
laws, rules and regulations;  The prompt internal reporting of violations of
the code to the board of directors or

<PAGE>

another appropriate person or persons;
and Accountability for adherence to the code. The issuer hereby undertakes to
provide to any person without charge, upon request, a copy of such code of
ethics. Such request may be made in writing to the board of directors at the
address of the issuer.

ITEM 10.  EXECUTIVE COMPENSATION.

     The following table summarizes executive compensation paid or accrued
for the Chief Executive Officer and other officers who received any
compensation during the past three fiscal years.

                      SUMMARY COMPENSATION TABLE
<TABLE>
<S>           <C>  <C>      <C>      <C>               <C>
Name And                               Other Annual     All Other
Principal     Year Salary($) Bonus($)  Compensation($)  Compensation($)
Position

Adam Gatto    2006         0        0             0             0
CEO           2005         0        0             0             0
              2004         0        0             0             0

Jason Briggs  2006     6,576        0             0             0
Manager       2005         0        0             0             0
              2004         0        0             0             0
</TABLE>

COMPENSATION OF DIRECTORS     None

EMPLOYMENT CONTRACTS, TERMINATION OF EMPLOYMENT, CHANGE-IN-CONTROL
ARRANGEMENTS

     The Company has not entered into any contracts or arrangements with any
named executive officer which would provide such individual with a form of
compensation resulting from such individual's resignation, retirement or any
other termination of such executive officer's employment with the Company or
its subsidiary, or from a change-in-control of the Company or a change in the
named executive officer's responsibilities following a change-in-control.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The following table contains stock ownership information about officers,
directors and other stockholders known to be beneficial owners of more than 5%
of the registrant's stock.   A beneficial owner of stock is any person who has
or shares the power to decide how to vote or whether to dispose of the stock.
<TABLE>
<CAPTION>
                           Title of   Amount & Nature of      % of
Name and Address            Class     Beneficial Ownership    Class
<S>                        <C>        <C>                    <C>
Adam Gatto                 Common          600,000 shares     31.6%
311 S State, #460
SLC, Utah 84016

<PAGE>

Jason Briggs               Common          200,000 shares (1)  9.5%
311 S State, #460
SLC, Utah 84016

Lynn Dixon                 Common          500,000 shares     26.3%
311 S State, #460
SLC, UT 84111

Thomas G. Kimble           Common          500,000 shares (2) 26.3%
311 S State, #440
SLC, UT 84111

All officers and           Common          600,000 shares     31.6%
directors as a group
(1 person)
</TABLE>

(1)  Pursuant to The Stock Exchange Agreement dated October 11, 2006, all
200,000 shares of the Corporation's common stock beneficially owned by Briggs
are to be contributed back to the Corporation for cancellation. Ownership
percentages of all other named shareholders and total shares outstanding are
stated after reflecting this cancellation.

(2)  Owned of record by Devonshire Partners, a limited liability company
solely owned by Mr. Kimble.

     The foregoing amounts include all shares these persons are deemed to
beneficially own regardless of the form of ownership.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     The Company has entered into certain transactions with officers,
directors or affiliates of the Company which include the following:

     During the fiscal years ended June 30, 2006 and 2005, the Company
utilized office space at 311 South State Street, Suite 460, Salt Lake City,
Utah 84111, which was provided by Lynn Dixon, a majority shareholder of the
Company. The Company does not pay rent for this office space.

     Except as disclosed in this item, in notes to the financial statements
or elsewhere in this report, the Company is not aware of any indebtedness or
other transaction in which the amount involved exceeds $60,000 between the
Company and any officer, director, nominee for director, or 5% or greater
beneficial owner of the Company or an immediate family member of such person;
nor any relationship in which a director or nominee for director of the
Company was also an officer, director, nominee for director, greater than 10%
equity owner, partner, or member of

<PAGE>

any firm or other entity which received
from or paid the Company, for property or services, amounts exceeding 5% of
the gross annual revenues or total assets of the Company or such other firm or
entity.

ITEM 13.  EXHIBITS

     EXHIBITS to this report are all documents previously filed which are
incorporated herein as exhibits to this report by reference to registration
statements and other reports previously filed by the Company pursuant to the
Securities Act of 1933 and the Securities Exchange Act of 1934.

     Exhibits required by Item 601 of Regulation S-B.

SEC No.   Document                                                Exhibit No.

10        Material contracts
          Stock Exchange Agreement with Jason Briggs                 10.3
31.       Certifications required by Rules 13a-14(a) or 15d-14(a).
32.       Section 1350 Certifications

* previously filed

ITEM 14. PRINCIPAL ACCOUNTANT 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 the audit of
the Company's annual financial statements and review of financial statements
included in the Company's Form 10-Q (17 CFR 249.308a) or 10-QSB (17 CFR
249.308b) for services that are normally provided by the accountant in
connection with statutory and regulatory filings or engagements for those
fiscal years was $-0-  for the fiscal year ended June 30, 2005 and $7,670 for
the fiscal year ended June 30, 2006.

(2) AUDIT-RELATED FEES

     The aggregate fees billed in each of the last two fiscal years for
assurance and related services by the principal accountant that are reasonably
related to the performance of the audit or review of the Company's financial
statements was $-0- for the fiscal year ended June 30, 2005 and $-0- for the
fiscal year ended June 30, 2006.

(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 $-0-   for the fiscal year ended June 30,
2005 and $-0-  for the fiscal year ended June 30, 2006.

<PAGE>

(4) ALL OTHER FEES

     The aggregate fees billed in each of the last two fiscal years for
products and services provided by the principal accountant, other than the
services reported above was $-0- for the fiscal year ended June 30, 2005 and
$-0- for the fiscal year ended June 30, 2006.

(5) PRE-APPROVAL POLICIES AND PROCEDURES

     Before the accountant is engaged by the issuer to render audit or non-
audit services, the engagement is approved by the company's board of directors
acting as the audit committee.

<PAGE>

<PAGE>











                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                     CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2006






















<PAGE>


                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY





                                 CONTENTS

                                                                  PAGE


        -  Report of Independent Registered Public Accounting
            Firm                                                   1

        -  Consolidated Balance Sheet, June 30, 2006               2


        -  Consolidated Statements of Operations for the year
            ended June 30, 2006, from inception on March 24,
            2005 through June 30, 2005, and from inception
            March 24, 2005 through June 30 2006                    3


        -  Consolidated Statements of Stockholders' Equity
            for the period from inception on March 24, 2005
            through June 30, 2005 and for the year ended
            June 30, 2006                                          4

        -  Consolidated Statements of Cash Flows for the year
            ended June 30, 2006, from inception on March 24,
            2005 through June 30, 2005, and from inception
            March 24, 2005 through June 30 2006                    5



        -  Notes to Consolidated Financial Statements            6 - 9





<PAGE>




          REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



Board of Directors
BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY.
Salt Lake City, Utah

We  have audited the accompanying balance sheet of Barossa Coffee Company,
Inc. & Subsidiary, Ltd. [a development stage company] as of June 30, 2006,
and  the  related statements of operations, stockholders' equity (deficit)
and  cash  flows for the year ended June 30, 2006 and for the period  from
inception  on  March  24,  2005 through June 30,  2005  and  2006.   These
financial  statements are the responsibility of the Company's  management.
Our  responsibility is to express an opinion on these financial statements
based on our audit.

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

In our opinion, the financial statements referred to above present fairly,
in  all  material  respects,  the financial  position  of  Barossa  Coffee
Company, Inc. & Subsidiary, Ltd. [a development stage company] as of  June
30, 2006 and the results of its operations and its cash flows for the year
ended  June 30, 2006 and for the period from inception on March  24,  2005
through  June  30, 2005 and 2006 in conformity with accounting  principles
generally accepted in the United States of America.

The  accompanying  financial statements have been  prepared  assuming  the
Company will continue as a going concern.  As discussed in Note 5  to  the
financial statements, the Company only recently commenced operations,  has
incurred  losses  since its inception and has not yet been  successful  at
establishing profitable operations.  These factors raise substantial doubt
about  the  ability  of  the  Company to  continue  as  a  going  concern.
Management's plans in regards to these matters are also described in  Note
5.   The  financial statements do not include any adjustments  that  might
result from the outcome of these uncertainties.


/s/ Pritchett, Siler & Hardy, P.C.

PRITCHETT, SILER & HARDY, P.C.

Salt Lake City, Utah
October 11, 2006

<PAGE>




                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                        CONSOLIDATED BALANCE SHEET

                            AS OF JUNE 30, 2006

                                  ASSETS

CURRENT ASSETS:
  Cash and cash equivalents [See Note 1]                  $  29,495
                                                          _________
        Total Current Assets                                 29,495

  Property and Equipment [See Note 1]
    Leasehold Improvements                                   55,550
    Equipment                                                14,011
                                                          _________
                                                             69,561
    Less accumulated depreciation                            (5,097)
                                                          _________
        Total Property and Equipment                         64,464

  Other Assets
        Deposits                                                865

        Total Assets                                      $  94,824
                                                          _________

                   LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES
  Accounts Payable                                         $ 17,465
  Accrued Payroll and taxes                                   6,720
  Accrued interest payable - related parties                    336
  Notes Payable - related parties                            12,500
                                                          _________
        Total Current Liabilities                            37,021

STOCKHOLDERS' EQUITY:
  Preferred stock, $.001 par value,
   1,000,000 shares authorized,
   No shares issued or outstanding                                -

  Common stock, $.001 par value,
   50,000,000 shares authorized,
   2,098,000 shares issued and outstanding                    2,098
  Capital in excess of par value                             77,054
  (Deficit) accumulated during the
    development stage                                       (21,349)
                                                          _________
        Total Stockholders' Equity                           57,803

        Total Liabilities and Stockholders' Equity        $  94,824
                                                          _________






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

                                 -2-

<PAGE>
                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                   CONSOLIDATED STATEMENTS OF OPERATIONS




                                            From Inception     From Inception
                            For the year    on March 24,       on March 24,
                            ended June 30,  2005 Through       2005 Through
                                  2006      June 30, 2005      June 30, 2006

                              __________     _____________     ____________


REVENUE                      $   60,691      $           -     $    60,691
COST OF GOODS SOLD               24,967                  -          24,967
                              __________     _____________     ____________

GROSS PROFIT                     35,724                  -          35,724


EXPENSES:
  General and administrative     55,060              1,677          56,737
                              __________     _____________     ____________

LOSS BEFORE OTHER (EXPENSE)     (19,336)           (1,677)         (21,013)

OTHER (EXPENSE)
  Interest expense                 (336)                -             (336)
                              __________     _____________     ____________

LOSS BEFORE INCOME TAXES        (19,672)           (1,677)         (21,349)

CURRENT TAX EXPENSE                   -                 -                -

DEFERRED TAX EXPENSE                  -                 -                -
                              __________     _____________     ____________


NET LOSS                      $ (19,672)     $     (1,677)     $   (21,349)
                              __________     _____________     ____________


LOSS PER COMMON SHARE         $    (.01)     $       (.00)
                              __________     _____________












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

                                 -3-

<PAGE>
                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

              CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY


                               Common Stock
                          ___________________      Capital in
                                                   Excess of   Accumulated
                            Shares     Amount      Par Value    Deficit
                          ________    _______      _________  ___________

Balance
 March 24, 2005                  -          -              -           -

Common Stock
 issued for cash
 at .01 per share        1,800,000    $ 1,800      $  16,200           -


Net Loss for the
 period from
 March 24, 2005
 (inception)
 Through
 June 30, 2005                   -          -              -   $  (1,677)

                          ________     ______       ________   __________
Balance
 June 30, 2005           1,800,000    $ 1,800      $  16,200   $  (1,677)


Common Stock
 issued for cash
 at .25 per share,
 net of offering
 costs of $13,348          298,000    $   298      $  60,854            -


Net loss for the
 year Ended
 June 30, 2006                   -          -              -    $ (19,672)
                          ________    _______      _________    ___________

Balance
 June 30, 2006           2,098,000    $ 2,098      $  77,054    $ (21,349)

                          ________    _______      _________    ___________










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

                                 -4-

<PAGE>
                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                   CONSOLIDATED STATEMENT OF CASH FLOWS



                                             From Inception  From Inception
                             For the Year    on March 24,    on March 24,
                             Year Ended      2005 Through    2005 Through
                             June 30, 2006   June 30, 2005   June 30, 2006
                              __________     ___________     __________
Cash Flows from
 Operating Activities:
  Net loss                    $ (19,672)     $   (1,677)     $ (21,349)
  Adjustments to reconcile
   net loss to net cash
   used by operating
   activities:
     Depreciation                 5,097               -          5,097
   Changes in assets
    and liabilities:
     (Increase) in deposits        (865)              -           (865)
     Increase in
       accounts payable          15,978           1,487         17,465
     Increase in
       accrued interest             336               -            336
     Increase in accrued
       payroll and taxes          6,720               -          6,720
                              __________     ___________     __________

       Net Cash Provided
       by Operating Activities    7,594            (190)         7,404


Cash Flows from
 Investing Activities:
  Purchase of property
   and equipment                (69,561)              -        (69,561)
                              __________     ___________     __________
       Net Cash (Used)
       by Investing Activities  (69,561)              -        (69,561)

Cash Flows from
 Financing Activities:
  Proceeds from
   issuance of common stock      61,152          18,000         79,152
  Proceeds from issuance
   of notes payable              12,500               -         12,500
                              __________     ___________     __________
       Net Cash Provided
       by Financing Activities   73,652          18,000         91,652


Net Increase in Cash             11,685          17,810         29,495

Cash at Beginning of Period      17,810               -              -
                              __________     ___________     __________

Cash at End of Period         $  29,495      $   17,810      $  29,495
                              __________     ___________     __________

Supplemental Disclosures of Cash Flow information:
  Cash paid during the period for:
    Interest                  $       -      $        -      $       -
    Income taxes              $       -      $        -      $       -

Supplemental schedule of Non-cash Investing and Financing Activities:

  For the year ended June 30, 2006:           None

  For the period from inception on March 24, 2005 through June 30, 2005:
        None




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


                                    -5-

<PAGE>
                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2006


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Barossa Coffee Company, Inc. ("Parent") was organized under
  the laws of the State of Nevada on March 24, 2005.

  Alchemy  Coffee Company, Inc. ("Subsidiary") was organized under the  laws
  of  the  State  of Utah on April 22, 2005 as a wholly-owned subsidiary  of
  the Parent.

  Barossa  Coffee Company, Inc. and Subsidiary (the "Company") sells  coffee
  beans  and  espresso related beverages. The Company has,  at  the  present
  time,  not  paid any dividends and any dividends that may be paid  in  the
  future  will  depend upon the financial requirements of  the  Company  and
  other relevant factors.

  Consolidation - The consolidated financial statements include the accounts
  of  Parent and its wholly-owned Subsidiary.  All significant inter-company
  transactions have been eliminated in consolidation.

  Cash  and Cash Equivalents - The Company considers all highly liquid  debt
  investments purchased with a maturity of three months or less to  be  cash
  equivalents.

  Loss  Per  Share  -  The computation of loss per share  is  based  on  the
  weighted average number of shares outstanding during the period presented,
  in  accordance with Statement of Financial Accounting Standards  No.  128,
  "Earnings Per Share" [See Note 6].

  Accounting  Estimates  -  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,   the
  disclosures  of  contingent assets and liabilities  at  the  date  of  the
  financial  statements  and the reported amount of  revenues  and  expenses
  during  the  reported  period.  Actual results  could  differ  from  those
  estimated.

  Revenue  Recognition - The Company's revenue has come primarily  from  the
  sale  of coffee beans and espresso related beverages.  Revenue from  sales
  is recognized at the point of sale.

  Income Taxes - The Company accounts for income taxes in accordance with
  Statement of Financial Accounting Standards No.109,"Accounting for Income
  Taxes"  [See Note 3].

  Advertising Costs - Advertising costs are charged to operations when
  incurred.  The Company expensed $824 and $0 in advertising costs during
  the periods ended June 30, 2006 and 2005, respectively.

                                  -6-

<PAGE>
                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2006

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Cont.]

  Property and Equipment - Property and equipment are stated on the basis of
  cost.  Depreciation  is  computed on the  straight-line  method  over  the
  estimated useful lives of the related assets.  Repairs and maintenance are
  expensed  when  incurred.  The useful life of property and  equipment  for
  purposes of computing depreciation are as follows:

               Furniture and Equipment       3-5 years
               Leasehold Improvements         5 years

  Depreciation expense for the years ended June 30, 2006 and 2005 was $5,097
  and $0, respectively.

  Recently  Enacted Accounting Standards - Statement of Financial Accounting
  Standards ("SFAS") No. 151, "Inventory Costs - an amendment of ARB No. 43,
  Chapter  4",  SFAS  No.  152,  "Accounting for  Real  Estate  Time-Sharing
  Transactions  - an amendment of FASB Statements No. 66 and 67",  SFAS  No.
  153,  "Exchanges of Nonmonetary Assets - an amendment of APB  Opinion  No.
  29",  SFAS  No. 123 (revised 2004), "Share-Based Payment", SFAS  No.  154,
  "Accounting  Changes and Error Corrections - a replacement of APB  Opinion
  No.  20  and FASB Statement No. 3",  SFAS No. 155, "Accounting for Certain
  Hybrid Financial Instruments - an amendment of FASB Statements No. 133 and
  140",  and  SFAS  No.  156,  "Accounting for the  Servicing  of  Financial
  Assets,"  SFAS No. 151, 152, 153, 123 (revised 2004), 154,  155,  and  156
  have  no  current  applicability to the Company or  their  effect  on  the
  financial statements would not have been significant.


NOTE 2 - CAPITAL STOCK

  Preferred Stock - The Company has authorized 1,000,000 shares of preferred
  stock, $.001 par value, with such rights, preferences and designations and
  to  be issued in such series as determined by the Board of Directors.   No
  shares are issued and outstanding at June 30, 2006.

  Common  Stock  -  The Company has authorized 50,000,000 shares  of  common
  stock with a $.001 par value.  2,098,000 shares are issued and outstanding
  at June 30, 2006.

  In  November  2005,  the Company completed a public  offering  of  298,000
  shares  of common stock for gross proceeds of $74,500 (or $.25 per share).
  Offering  costs  of  $13,348  were offset  against  the  proceeds  of  the
  offering.

  In  March  2005,  in connection with its organization, the Company  issued
  1,800,000  shares of its previously authorized but unissued common  stock.
  Total proceeds of the sale amounted to $18,000 (or $.01 per share).

                                     -7-

  <PAGE>

                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2006


NOTE 3 - INCOME TAXES

  The  Company  accounts for income taxes in accordance  with  Statement  of
  Financial  Accounting Standards No. 109, "Accounting  for  Income  Taxes".
  SFAS  No.  109  requires  the  Company  to  provide  a  net  deferred  tax
  asset/liability  equal  to  the  expected future  tax  benefit/expense  of
  temporary reporting differences between book and tax accounting
  methods and any available operating loss or tax credit carryforwards.   At
  June    30,  2006,  the  Company  has  available  unused  operating   loss
  carryforwards  of  $21,349  which may be applied  against  future  taxable
  income and which expire in various years through 2026.

  The  amount of and ultimate realization of the benefits from the operating
  loss carryforwards for income tax purposes is dependent, in part, upon the
  tax  laws in effect, the future earnings of the Company, and other  future
  events,  the  effects  of  which cannot be  determined.   Because  of  the
  uncertainty  surrounding  the realization of the loss  carryforwards,  the
  Company  has established a valuation allowance equal to the tax effect  of
  the  loss  carryforwards and, therefore, no deferred tax  asset  has  been
  recognized  for the loss carryforwards.  The net deferred tax  assets  are
  approximately  $3,202 and $252 as of June 30, 2006 and 2005, respectively,
  with an offsetting valuation allowance of the same amount, resulting in  a
  change  in the valuation allowance of approximately $2,950 and $252 during
  the year ended June 30, 2006 and 2005, respectively.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Management  Compensation - During the years ended June 30, 2006  and  2005
  compensation  to  officers  and  directors  amounted  to  $6,576  and  $0,
  respectively.

  Loans  Payable  - The Company's loans payable are due to 2  shareholders
  and  consists of 2 loans.  One loan payable has an interest rate of  6%,
  is  due  on demand, and is unsecured with a balance due of $10,000.  The
  other loan payable has an interest rate of 10%, is due on demand and  is
  unsecured with a balance due of $2,500.

NOTE 5 - GOING CONCERN

  The  accompanying  financial statements have been prepared  in  conformity
  with  accounting  principles generally accepted in the  United  States  of
  America, which contemplate continuation of the Company as a going concern.
  However,  the  Company  only recently commenced operations,  has  incurred
  losses  since  inception, and has not yet been successful at  establishing
  profitable  operations.  These factors raise substantial doubt  about  the
  ability  of  the Company to continue as a going concern.  In this  regard,
  management  is  proposing  to  raise any necessary  additional  funds  not
  provided  by operations through loans or through additional sales  of  its
  common  stock.  There is no assurance that the Company will be  successful
  in  raising this additional capital or in achieving profitable operations.
  The  financial statements do not include any adjustments that might result
  from the outcome of these uncertainties.

                                    -8-

<PAGE>

                BAROSSA COFFEE COMPANY, INC. AND SUBSIDIARY

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2006

NOTE 6- LOSS PER SHARE

  The following data show the amounts used in computing loss per share:

                                                       From Inception
                                      For the year     on March 24,
                                      ended            2005 through
                                      June 30, 2006    June 30, 2005
                                      ____________    ____________
    Loss from continuing operations
    available to common shareholders
   (numerator)                        $  (19,672)     $     (1,677)
                                      ___________     _____________
    Weighted average number of common
    shares outstanding used in loss
    per share during the period
    (denominator)                       1,973,085         1,800,000
                                      ___________     ______________

  Dilutive  loss per share was not presented, as the Company had  no  common
  equivalent  shares  for  all  periods  presented  that  would  effect  the
  computation of diluted loss per share.


NOTE 7 - COMMITMENTS AND CONTINGENCIES

  Building Lease Agreement - In August 2005 the Company entered into a lease
  for  operating  space, which expires August 2010.   The  lease  calls  for
  monthly  payments of $865, increasing by 5% every two years of the  lease.
  Lease  expense for the period ended June 30, 2006 is $5,190.   The  future
  minimum lease payments are as follows:

     YEARS ENDED JUNE 30,

          2007           10,380
          2008           10,380
          2009           10,899
          2010           10,899
          2011            1,907
                       ________
                       $ 44,465
                       ________


NOTE 8 - SUBSEQUENT EVENTS

  During  October 2006, the Company entered into a Stock Exchange  Agreement
  with  a shareholder who is an officer and director of the Company, wherein
  Parent would  receive back 200,000 shares of common stock for cancellation
  from the shareholder in exchange for all the issued and outstanding common
  stock  of  the Company's subsidiary, Alchemy Coffee.  As a result  of  the
  exchange  agreement,  the  shareholder would  resign  as  an  officer  and
  director  of the Company and the Company would no longer have any  ongoing
  business   operations  but  would  commence  seeking  potential   business
  opportunities.


                                    -9-

<PAGE>
                              SIGNATURES

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


Barossa Coffee Company, Inc.



By:     /s/ Adam Gatto                         Date:  October 12, 2006
     Adam Gatto, President
     Chief Executive Officer and
     Chief Financial Officer


In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and the
dates indicated.



By:      /s/ Adam Gatto                      Date:    October 12, 2006
     Adam Gatto, President
     Chief Executive Officer and
     Chief Financial Officer




<PAGE>


Supplemental Information to be Furnished With Reports Filed Pursuant to
Section 15(d) of the Exchange Act by Non Reporting Issuers

No annual report or proxy statement has been sent to security holders.