U. S. Securities and Exchange Commission

                             Washington, D. C. 20549



                                   FORM 10-KSB



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

     For the fiscal year ended March 31, 2000
                               -----------------

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

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

                               Commission File No.
                                  -----------
                                   2-86724-D


                                 ENCIBAR, INC.
                      -------------------------------------
                 (Name of Small Business Issuer in its Charter)

           UTAH                                              87-0396692
         --------                                           ------------

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


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


                                  ENCIBAR, INC.
                                  -------------

          (Former Name or Former Address, if changed since last Report)
                       311 South State Street, Suite 410
                           Salt Lake City, Utah 84111


Securities Registered under Section 12(b) of the Exchange Act:   None
Name of Each Exchange on Which Registered:                       None
Securities Registered under Section 12(g) of the Exchange Act:   Common


     Check  whether  the Issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the Company was required to file such reports),  and (2) has
been subject to such filing requirements for the past 90 days.

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


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

            State Issuer's revenues for its most recent fiscal year:
                              March 31, 2000 - $0.

<PAGE>

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

    March 31,  2000 - $136.  There are  approximately  136,000  shares of
common  voting stock of the Company held by  non-affiliates.  Because  there has
been no "public  market" for the  Company's  common  stock  during the past five
years,  the Company has  arbitrarily  valued these shares at par value of $0.001
per share.

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

     Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes     No   X
                                                 ---      ---

                     (APPLICABLE ONLY TO CORPORATE ISSUERS)

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

                                  JUNE 30, 2000
                                    1,903,224

                       DOCUMENTS INCORPORATED BY REFERENCE

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

Transitional Small Business Issuer Format   Yes  X   No
                                                ---     ---
<PAGE>

                                     PART I

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


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

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

     Encibar, Inc., (the "Company") was incorporated under the laws of the State
of Utah on June 3, 1983.  The purposes for which the  corporation  was organized
were: (1) to engage in the specific  business of making  investments,  including
investment in, purchase,  and ownership of any and all kinds of products; (2) to
acquire by purchase, exchange, gift, bequest, subscription, or otherwise; and to
hold, own, mortgage, pledge, hypothecate,  sell, assign, transfer,  exchange, or
otherwise dispose or of deal in or with its own corporate securities or stock or
other securities  including,  without  limitations,  any shares of stock, bonds,
debentures,  notes,  mortgages,  or  other  obligations,  and any  certificates,
receipts,  or other  instrumentalities  thereof; to make payment therefor in any
lawful manner or to issue in exchange therefor its unreserved earned surplus for
the  purchase  or its own  shares,  and to  exercise  as owner or  holder of any
securities, any and all rights, powers, and priviliges, in respect thereof.

     The Company had an initial  authorized  capital of $100,000  consisting  of
100,000,000 shares of $.001 par value common stock.

     On or about  September  23,  1983,  the Company  filed a S-18  Registration
Statement with the Securities and Exchange Commission.

     On August 1, 1989, the Company was  involuntarily  dissolved from the state
of Utah for failure to file an annual  report.  On May 6, 1999,  the Company was
reinstated with the State of Utah.

     On May 12, 1999,  the Articles of  Incorporation  were amended to reflect a
745 for 1 reverse  split.

     Public Offering.
     ---------------

     In connection with the Company's  corporate purpose,  the Registrant made a
registered  public  offering of its $.001 par value  common  stock which  became
effective January 13, 1984 and was closed out during March of 1984.  Pursuant to
such offering,  the Registrant sold 4,175,790 Units  (4,175,790  shares) of its
common stock at the public  offering price of  $208,789.50.  After  deduction of
underwriting commissions and other expenses of the offering, net proceeds to the
Registrant  were  approximately  $157,000.  This offering was made pursuant to a
registration  statement  under  the  Securities  Act  of  1933  filed  with  the
Securities and Exchange Commission in Denver, Colorado on Form S-18.

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

     On May 31,  1985,  the Company  pursued real  estate,  real estate  related
assets and business  assets  located in California  and Utah.  These  operations
proved to be unsuccessful,  and the Company became involuntarily  dissolved from
the state of Utah August 1, 1989. On June 21, 1999,  the Company was placed back
in good standing with the state of Utah.

     On May 22, 1999, Danny Ramsay, the Company's Vice  President/Treasurer  and
Director   resigned  and   appointed   Lisa  Howells  as  the   Company's   Vice
President/Treasurer  and  Director.  On May  22,  1999,  Steven  R.  Arter,  the
Company's President and Director resigned and appointed Sarah Edson as President
and  Director.  On May 25, 1999,  Richard Lee Sax, the  Company's  Secretary and
Director resigned and appointed Victoria Rosenkrantz as Secretary and Director.

     On  May  12,  1999,   the  Company   authorized  the  issuance  of  171,500
"unregistered"  and  "restricted"  shares of its $.001 par value common stock to
Jenson Services,  Inc. ("Jenson") in compensation for $171.50 in expenses Jenson
settled on behalf of the Company.  Also the Company  authorized  the issuance of
260,000  "unregistered"  and  "restricted"  shares of its $.001 par value common
stock to each of it's three officers.

     On November  15,  1999,  the  Company  authorized  the  issuance of 816,000
"unregistered"  and  "restricted"  shares of its $.001 par value common stock to
Jenson in  compensation  for $816 in  expenses  Jenson  settled on behalf of the
Company.
<PAGE>

Business.
---------

     Other than the  above-referenced  matters  and  seeking  and  investigating
potential  assets,  properties or businesses to acquire,  the Company has had no
business  operations since approximately  1989.  Subsenquently,  April 26, 2000,
management  resolved and arranged  financing to commence business  operations in
the snowmobile  rental  industry.  Management  secured  funding in the amount of
$16,000,  in debt financing.  The Company will look to purchase  snowmobiles for
the purpose of renting or leasing them to individuals and/or various companies.

     Management believes that the rental industry could prove to be a profitable
industry  to  participate.

Principal Products and Services.
--------------------------------

     Snowmobile  rentals  will be the product  that the Company  will offer,  in
addition,  the Company's plans on buying or leasing trailers,  which in turn the
Company will rent to customers.

Distribution Methods of the Products or Services.
-------------------------------------------------

     Management will seek out advertisements in local newspapers and through a
web site on the internet.  The Company plans to generate business through these
types of advertisements and promotions.

Status of any Publicly Announced New Product or Service.
--------------------------------------------------------

     None; not applicable.

Competitive Business Conditions.
--------------------------------

     Management  believes  that there are  several  other  companies  engaged in
endeavors  similar to those engaged in by the Company;  many of these  companies
have substantial current assets and cash reserves. There is no reasonable way to
predict  the  competitive  position  of the  Company or any other  entity in the
strata of these endeavors;  however, the Company, having limited assets and cash
reserves,  will no doubt be at a  competitive  disadvantage  in  competing  with
entities which have substantive operations for the past several years.

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

     None; not applicable.

Dependence on One or a Few Major Customers.
-------------------------------------------

     None; not applicable.

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

     None; not applicable.

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

     The Company is subject to federal,  state,  provincial and local government
regulations  including.  The Company will attempt to comply with all  applicable
regulations.  However,  it cannot guarentee that it will satisfy all regulations
or obtain all required approvals.  Failure to comply with applicable regulations
can, among other things,  result fines,  suspensions,  or regulatory  approvals,
operating  restrictions,  and criminal prosecutions.  Changes in or additions to
applicable  regulations could also have a negative effect on the Company and its
business.
<PAGE>

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

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

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

     None; not applicable.

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

     None; not applicable.  However,  environmental  laws, rules and regulations
may have an adverse  effect on the Company if its operations do not comply with
certain environmental laws.

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

     None.

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

     Currently  the  Company's  only  assets  are cash,  in which it will use to
acquire  property  in which  will help the  Company  continue  forward  with its
business objective;  its principal executive office address and telephone number
are the business office address and telephone number of its  shareholder,  Duane
S. Jenson, and are currently provided at no cost.The Company will lease space to
store and maintain the rental vehicles. The Company's activities will be limited
to: advertising,  maintaining rental equipment,  keeping itself in good standing
in the State of Utah,  seeking  out  acquisitions  in the  rental  industry  and
preparing and filing the  appropriate  reports with the  Securities and Exchange
Commission.

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

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


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

     No matter was submitted to a vote of the Company's  security holders during
the fourth quarter of the calendar year covered by this Report or during the two
previous  calendar years.  Further,  there have been no meetings of stockholders
since before 1989.


                                     PART II

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

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

     There is no  "public  market"  for shares of common  stock of the  Company.
However, the Company intends to submit for quotations regarding its common stock
on the OTC Bulletin  Board of the National  Association  of  Securities  Dealers
("NASD");  however,  management  does not expect  any  public  market to develop
unless and until the Company  completes an acquisition or merger.  In any event,
no assurance  can be given that any market for the  Company's  common stock will
develop or be maintained.
<PAGE>

Holders
-------

     The number of record  holders of the Company's  common stock as of April
01, 2000, is approximately 587.

Dividends
---------

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

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

     On May 12, 1999, the Company issued 171,500 "unregistered" and "restricted"
common shares to Jenson  Services,  Inc., in consideration of payment of $171.50
of expenses incurred on behalf of the Company.

     On May 12, 1999, the Company issued 260,000 "unregistered" and "restricted"
common shares to each of it's three current officers and directors,  for a total
of  780,000  "unregistered"  and  "restricted"  shares.  These  shares  were  in
consideration of services rendered.

     On  November  2,  2000,  the  Company  issued  816,000  "unregistered"  and
"restricted" common shares to Jenson Services, Inc., in consideration of payment
of $816 of expenses incurred on behalf of the Company.

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

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

     The Company has not engaged in any material  operations or had any revenues
from  operations  during the last two  calendar  years.  The  Company's  plan of
operation  for the next 12 months is to commence  operations  in the  snowmobile
rental industry.

     During the next 12 months, the Company's only foreseeable cash requirements
will  relate to  aquiring  equipment  for rental,  advertising,  servicing  the
Company's rental equipment,  maintaining the Company in good standing, which the
Company expects to pay from its cash resources.  As of March 31, 2000, it had no
cash or cash equivalents. On April 26, 2000, additional funding has been secured
which will enable the Company to progess its business plan.  Because the Company
has not  identified all cash  requirements  that may be needed to participate in
the snowmobile  rental industy as of that date of this Report,  it is impossible
to predict the amount of any future financing needs.

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

     Other than  restoring  its good  corporate  standing  in the State of Utah,
compromising  and  settling  its debts and  seeking the  acquisition  of assets,
properties or businesses that may benefit the Company and its stockholders,  the
Company has had no material business  operations in the two most recent calendar
years, or since its bankruptcy proceedings in 1993 .

     At  March 31, 2000,  the  Company  had no  assets.  See the Index to
Financial Statements, Item 7 of this Report.

     During the period  ended  March 31,  2000,  the  Company  had a net loss of
$2,329.  The Company  has  received no revenues in either of its two most recent
calendar years. See the Index to Financial Statements, Item 7 of this Report.

Liquidity.
---------

None;
<PAGE>

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

          Financial Statements for the years ended
          March 31, 2000 and 1999

          Independent Auditors' Report

          Balance Sheets - March 31, 2000

          Statements of Operations for the years ended
          March 31, 2000 and 1999

          Statements of Stockholders' Equity for the
          years ended March 31, 2000 and 1999

          Statements of Cash Flows for the years ended
          March 31, 2000 and 1999

          Notes to the Financial Statements



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

     Mantyla, McReynolds & Associates, 5872 South 900 East, Suite 250, Salt Lake
City, Utah 84121, has been retained as the Company's auditor since May 12, 1999.
The Company's  previous  auditor was Pannell Kerr  Forester,  CPA, of San Diego,
California.  The  Company  did not  consult  the new  accountant  regarding  the
application  of accounting  principles to a specific  completed or  contemplated
transaction,  the type of audit opinion that was to be rendered on the financial
statements,  nor any written or oral advice was  provided  that was an important
factor  considered  by the Company in reaching a decision as to the  accounting,
auditing  or  financial  reporting  issue.  Additionally,  there  have  been  no
disagreements  between  auditors or the Company and its  auditors.  For material
documentation  respecting the change in the Company's  auditors,  see Item 13 of
the Company's Current Report on Form 8-K, as filed on December 7, 1999, which is
incorporated herein by this reference.

<PAGE>

                                    PART III


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

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

<TABLE>
<CAPTION>

                                   Date of         Date of
                    Positions    Election or     Termination
Name                  Held       Designation   or Resignation
----                  ----       -----------   --------------
<S>                   <C>             <C>            <C>
Sarah K. Edson        President        3/99           *
                      Director         3/99           *

Lisa Howells          Vice President   3/99           *
                      Treasurer        3/99           *
                      Director         3/99           *

Vickie Rosenkrantz    Secretary        3/99           *
                      Director         3/99           *


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

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

     Sarah K. Edson.  President and Director.  Ms. Edson is 27 years of age. She
graduated  from the  University  of Utah in 1995 with a  Bachelors  of  Science,
degree in Exercise  and Sport  Science.  She  currently  has been the manager at
Cactus and Tropicals,  a retail business in Salt Lake City. Ms. Edson has been a
director and executive officer of the Company since 1999.

     Lisa Howells. Vice  President/Treasurer  and Director. Ms. Howells, age 37,
has been a  director  and  executive  officer of the  Company  since  1999.  She
graduated  from the  University  of Pheonix  of Salt Lake  City,  in 1998 with a
Bachelor  of  Science,  degree in  marketing.  She  currently  manages  payroll
accounts at Simon Transportation.

     Vickie Rosenkrantz.  Secretary and Director.  Ms. Rosenkrantz,  age 32, has
been a director and executive officer of the Company since 1999. Ms. Rosenkrantz
has most recently worked at Costco, under the marketing department.


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

     The Company has one employee who is not an executive  officers,  but who is
expected to make a significant  contribution to the Company's business.  He will
act as the general manager for the Company.

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

     Other than the relationship  between Vickie  Rosenkrantz and Sarah Edson as
sisters by  marriage,  there are no family  relationships  between  any  current
directors or executive officers of the Company, either by blood or by marriage.
<PAGE>

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

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

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

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

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

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


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

     Form 3's have been filed for the Officers and  Directors as well as the 10%
shareholder of the Company on October 7, 1999.
<PAGE>


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

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

<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE

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

                                               Secur-
                                               ities         All
Name and   Year or               Other   Rest- Under-  LTIP  Other
Principal  Period   Salary Bonus Annual  ricte dlying  Pay-  Comp-
Position   Ended      ($)   ($)  Compen- Stock Options outs  ensat'n
-----------------------------------------------------------------
<S>         <C>       <C>   <C>   <C>    <C>    <C>    <C>   <C>
Sarah K.
Edson,         3/31/00    0     0     0   260,000 0     0   0
President,     3/31/99    0     0     0      0    0     0   0
Director

Lisa
Howells        3/31/00    0     0     0   260,000 0     0   0
Vice Pres./    3/31/99    0     0     0      0    0     0   0
Treasurer,
Director

Vickie         3/31/00    0     0     0   260,000 0     0   0
Rosenkrantz,   3/31/99    0     0     0      0    0     0   0
Secretary,
Director

Steven Arter,  3/31/98    0     0     0      0    0     0   0
Presiddent,
Director

Danny Ramsay,  3/31/98    0     0     0      0    0     0   0
Vice Pres./
Treasurer,
Director

Richard Sax,   3/31/98    0     0     0      0    0     0   0
Secretary,
Director

</TABLE>

     No cash  compensation,  deferred  compensation or long-term  incentive plan
awards were issued or granted to the  Company's  management  during the calendar
years ending March 31, 2000,  1999, or 1998, or the period ending on the date of
this Report.

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

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

     There are no arrangements  pursuant to which any of the Company's directors
was  compensated  during the  Company's  last  completed  calendar  year for any
service provided as director.
<PAGE>

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

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

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

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

     The  following  table sets forth the  shareholdings  of those  persons  who
beneficially  own more than five percent of the Company's common stock as of the
date of April 01, 2000, with the computations being based upon 1,903,224 shares
of common stock being outstanding.

<TABLE>
<CAPTION>

                            Number of Shares           Percentage
Name                      Beneficially Owned           of Class (1)
----------------           ------------------           --------
<S>                          <C>                       <C>
Jenson Services, Inc.*        987,500                    51.9%

Sarah Edson                   260,000                    13.7%

Lisa Howells                  260,000                    13.7%

Vickie Rosenkrantz            260,000                    13.7%
                              -------                    -----
                              1,767,500                  93%

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

<PAGE>


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

     The following table sets forth the shareholdings of the Company's directors
and executive officers as of the April 01, 2000:

<TABLE>
<CAPTION>
                            Number of             Percentage of
Name and Address     Shares Beneficially Owned     of Class *
----------------     -------------------------     --------
<S>                            <C>                  <C>
Sarah K. Edson                   260,000             13.7%

Lisa Howells                     260,000             13.7%

Vickie Rosenkrantz               260,000             13.7%

                                -------             ------
All directors and
executive officers               780,000             41.1%
as a group (3 persons)
</TABLE>



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

     There are no present  arrangements  or pledges of the Company's  securities
which may result in a change in control of the Company.

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

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

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

<PAGE>

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

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

     See the Company's  Current Report on Form 8-K as filed on December 7, 1999,
for  information  relating  to the change in the  Compay's  auditors,  and other
matters, as described in Part I, Item 8, above.
<PAGE>

Exhibits
--------
<TABLE>
<CAPTION>

Exhibit
Number               Description*
------               -----------
<S>                  <C>

 27                 Financial Data Schedule
</TABLE>

DOCUMENTS INCORPORATED BY REFERENCE

     Form 8-K as filed on  December  7, 1999,  for  information  relating to the
change in the Compay's auditors, and other matters, as described in Item I, Part
I, above.

     *Summaries of all exhibits  contained in this Report are modiified in their
entirety by reference to these Exhibits.

<PAGE>




                              SIGNATURES

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

                                       ENCIBAR, INC.



Date:  6/29/00                         /S/SARAH EDSON
                                       Sarah Edson
                                       President and Director

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

                                        ENCIBAR, INC.



Date: 6/29/00                           /S/SARAH EDSON
                                        Sarah Edson
                                        President and Director



Date: 6/29/00                           /S/VICKIE ROSENKRANTZ
                                        Vickie Rosenkrantz
                                        Secretary and Director



<PAGE>




                                  ENCIBAR, INC.
                          [A Development Stage Company]
              Financial Statements and Independent Auditors' Report
                                 March 31, 2000


<PAGE>
<TABLE>
<CAPTION>


                                  Encibar, Inc.
                          [A Development Stage Company]
                                TABLE OF CONTENTS


                                                                                                                            Page

<S>                                                                                                                           <C>
Independent Auditors' Report                                                                                                  1

Balance Sheet -- March 31, 2000                                                                                               2

Statements of Operations for the periods ended March 31, 2000 and 1999, and
for the period from Reactivation [March 22, 1999] through March 31, 2000
                                                                                                                              3

Statements of Stockholders' Deficit for the periods ended March 31, 2000 and
1999, and for the period from Reactivation [March 22, 1999] through
March 31, 2000                                                                                                                4

Statements of Cash Flows for the periods ended March 31, 2000 and 1999,
and for the period from Reactivation [March 22, 1999] through March 31,                                                       5
2000

Notes to Financial Statements                                                                                              6 -- 8


</TABLE>
<PAGE>


                                  INDEPENDENT AUDITORS' REPORT


The Board of Directors and Shareholders
Encibar, Inc.[a development stage company]


We have audited the accompanying  balance sheet of Encibar,  Inc. [a development
stage company] as of March 31, 2000,  and the related  statements of operations,
stockholders'  deficit,  and cash flows for the periods ended March 31, 2000 and
1999,  and for the period from  Reactivation  [March 22, 1999] through March 31,
2000.  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 generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide 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 Encibar,  Inc. [a development
stage  company] as of March 31,  2000,  and the results of  operations  and cash
flows  for the  periods  ended  March  31,  2000 and 1999,  in  conformity  with
generally accepted accounting principles.

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


                                                           /S/MANTYLA MCREYNOLDS
                                                           Mantyla McReynolds

Salt Lake City, Utah
May 26, 2000


<PAGE>
<TABLE>
<CAPTION>

                                  Encibar, Inc.
                          [A Development Stage Company]
                                  Balance Sheet
                                 March 31, 2000


                                     ASSETS


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



                      LIABILITIES AND STOCKHOLDERS' DEFICIT



Liabilities:
  Current Liabilities:
  Accounts Payable                                                             $             2,266
  Payable to shareholders - Note 4                                                           1,341
                                                                                 ------------------
                     Total Liabilities                                                       3,607


Stockholders' Deficit:
  Capital Stock -- 100,000,000 shares authorized having a
   par value of $.001 per share; 1,904,190 shares issued
   and outstanding - Note 4                                                                  1,904
  Additional Paid-in Capital                                                               252,575
  Accumulated Deficit                                                                     (258,086)
                                                                                 ------------------
                Total Stockholders' Deficit                                                 (3,607)
                                                                                 ------------------
        Total Liabilities and Stockholders' Deficit                            $               -0-
                                                                                 ==================








                         See accompanying notes to financial statements.


                                               2
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

                                  Encibar, Inc.
                          [A Development Stage Company]
                            Statements of Operations
 For the Periods Ended March 31, 2000 and 1999, and for the Period from Reactivation [March
                        22, 1999] through March 31, 2000


                                                                                           Reactivation
                                                                                              through
                                                                                             March 31,
                                                      2000                1999                 2000
                                                 --------------      ---------------      ---------------
<S>                                            <C>          <C>    <C>           <C>   <C>            <C>
Revenues                                       $           -0-     $            -0-    $             -0-

General & Administrative Expenses                         1,145                 780                1,925
                                                 --------------      ---------------      ---------------

              Operating Loss                            (1,145)                (780)              (1,925)

                                                 --------------      ---------------      ---------------
       Net Loss Before Income Taxes                     (1,145)                (780)              (1,925)

Current Year Provision for Income Taxes                  1,184                  100                1,284
                                                 --------------      ---------------      ---------------

Net Loss                                       $        (2,329)    $           (880)   $          (3,209)
                                                 ==============      ===============      ===============



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

Weighted Average Shares Outstanding                  1,809,585              135,724             1,726,979
                                                 ==============      ===============      ===============





                         See accompanying notes to financial statements.

                                               3
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                  Encibar, Inc.
                          [A Development Stage Company]
                       Statements of Stockholders' Deficit
 For the Periods Ended March 31, 2000 and 1999, and for the Period from Reactivation [March
                        22, 1999] through March 31, 2000


                                                             Additional                             Net
                               Common          Common          Paid-in         Accumulated     Stockholders'
                               Shares           Stock          Capital           Deficit          Deficit
                            ------------     ----------     ------------      ------------     -------------
<S>            <C> <C>        <C>               <C>             <C>              <C>                 <C>
Balance, March 22, 1999       74,482,210        74,482          178,229          (254,877)           (2,166)
(date of reactivation)
Net loss for the Period from
March 23, 1999 through March
31, 1999                                                                            (880)              (880)
                            ------------     ----------     ------------      ------------     -------------
Balance, March 31, 1999       74,482,210         74,482          178,229         (255,757)           (3,046)
Reverse split shares 1 for 745,
May 12, 1999                 (74,345,520)       (74,346)          74,346                                 -0-
Issued post-split shares to
Stockholder for debt, May 12,
1999                             171,500            172                                                  172
Issued post-split shares to
officers for services due prior
year, May 12, 1999               780,000            780                                                  780
Issued shares to Stockholder for
debt, November 11, 1999          816,000            816                                                  816
Net loss for the Year Ended
March 31, 2000                                                                     (2,329)           (2,329)
                            ------------     ----------     ------------      ------------     -------------
Balance, March 31, 2000        1,904,190 $        1,904 $        252,575 $       (258,086) $         (3,607)

                            ============     ==========     ============      ============     =============







                         See accompanying notes to financial statements.


                                                4
</TABLE>

<PAGE>

<TABLE>
<CAPTION>


                                  Encibar, Inc.
                          [A Development Stage Company]
                            Statements of Cash Flows
 For the Periods Ended March 31, 2000 and 1999, and for the Period from Reactivation [March
                        22, 1999] through March 31, 2000

                                                                                          Reactivation
                                                                                             through
                                                                                            March 31,
                                                              2000             1999            2000
Cash Flows from Operating Activities
<S>                                                  <C>             <C>             <C>
Net Loss                                             $       (2,329) $         (880) $         (3,209)
Adjustments to reconcile net income to net cash provided by
 operating activities:
     Increase in current liabilities                           2,329             880             3,209
                                                         -----------      ----------     -------------
       Net Cash Used for Operating Activities                   -0-             -0-                -0-


           Net Increase/(Decrease) in Cash                      -0-             -0-               -0-

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

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

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the year for interest             $          -0-  $          -0-  $            -0-
  Cash paid during the year for income taxes                    -0-             -0-               -0-
Supplemental Disclosure of Non-Cash Activities
  Issued common stock to reduce shareholder/officer d$bt       1,768            -0-  $          1,768
















                         See accompanying notes to financial statements.


                                                5
</TABLE>

<PAGE>


                                  Encibar, Inc.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                 March 31, 2000

NOTE 1         ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
               (a)    Organization

               Encibar, Inc. incorporated under the laws of the State of Utah on
               June  3,  1983.  The  Company   engaged  in  various   investment
               activities   through  1987.   These  investing   activities  were
               unsuccessful  and the  Company  was  involuntarily  dissolved  in
               August,  1989 for  failure to file an annual  report.  Since that
               time the  Company was left  dormant  until March 22, 1999 when it
               was reactivated.

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

               (b)    Income Taxes

               The  Company  uses  the  provisions  of  Statement  of  Financial
               Accounting  Standards  No. 109 [the  Statement],  Accounting  for
               Income  Taxes.  The  Statement  requires  an asset and  liability
               approach for financial accounting and reporting for income taxes,
               and the  recognition of deferred tax assets and  liabilities  for
               the temporary  differences  between the financial reporting bases
               and tax bases of the Company's  assets and liabilities at enacted
               tax rates expected to be in effect when such amounts are realized
               or settled.  Prior years' consolidated  financial statements have
               not been restated to apply the provisions of the  Statement.  The
               cumulative  effect of this change in accounting  for income taxes
               as of  March  31,  2000  is $0  due to  the  valuation  allowance
               established as described in Note 3.

               (c)    Net Loss Per Common Share

               Loss per common share is based on the weighted-average  number of
               shares  outstanding.  Diluted  loss per share is  computed  using
               weighted  average  number of common shares plus  dilutive  common
               share  equivalents   outstanding  during  the  period  using  the
               treasury  stock  method.  There are no common  stock  equivalents
               outstanding,  thus, basic and diluted loss per share calculations
               are the same.

               (d)    Statement of Cash Flows

               For  purposes  of the  statements  of  cash  flows,  the  Company
               considers cash on deposit in the bank to be cash. The Company had
               $0 cash at March 31, 2000.




                                                6


<PAGE>

                                          Encibar, Inc.
                                  [A Development Stage Company]
                                  Notes to Financial Statements
                                         March 31, 2000
                                           [Continued]

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

               (e)    Use of Estimates in Preparation of Financial Statements

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

NOTE 2         LIQUIDITY/GOING CONCERN

               The Company has  accumulated  losses  from  Reactivation  through
               March  31,  2000  amounting  to  $3,209,  and from  inception  of
               $258,086, has no assets, and has a net working capital deficiency
               at March 31, 2000.  These factors raise  substantial  doubt about
               the Company's ability to continue as a going concern.

               Management  plans include  raising  capital to commence  business
               operations in the  snowmobile  rental  industry(see  Note 5). The
               financial  statements do not include any  adjustments  that might
               result  from the  outcome  of this  uncertainty.  The  Company is
               currently   negotiating  a   reorganization   plan  with  another
               corporation.

NOTE 3         INCOME TAXES

               The  current  provision  for  income  tax  ($1,184)  is for state
               franchise taxes paid or payable to the State of Utah.  Below is a
               summary of deferred tax asset  calculations on net operating loss
               carry  forward  amounts.  Loss carry  forward  amounts  expire at
               various  times  through  2020. A valuation  allowance is provided
               when it is more likely than not that some portion of the deferred
               tax asset will not be realized.

Description                                  NOL            Tax           Rate
   Federal Income Tax                         $220,005       $69,071      31%
   State Income Tax                            220,005        11,003       5%
   Valuation allowance                                      (80,074)
                                                       -------------
        Deferred tax asset 3/31/2000                              $0
              The allowance decreased $11,467 from $91,541 as of March 31, 1999.

                                                7

<PAGE>

                                  Encibar, Inc.
                          [A Development Stage Company]
                          Notes to Financial Statements
                                 March 31, 2000
                                   [Continued]
NOTE 4         COMMON STOCK/RELATED PARTY TRANSACTION

               On May 12, 1999,  the  Company's  Board of  Directors  effected a
               reverse split of the outstanding common stock on the basis of 745
               for one,  effective  May 15, 1999,  while  retaining  the current
               authorized  capital and par value. No stockholder  shall own less
               than 100 post split  shares;  appropriate  adjustments  are to be
               made to the stated capital accounts and capital surplus accounts.

               Additional  post split shares of common stock have been issued to
               reduce  current  liabilities  of the  Company  in  the  following
               manner:

                                                       Number        Dollar
     Description of transaction           Date        of Shares       Value
------------------------------------  ------------- ------------- -------------
Issued to shareholder for debt        5/12/1999           171,500          $172
Issued to directors for services      5/12/1999           780,000           780
Issued to shareholder for debt        11/11/1999          816,000           816
                                                    ------------- -------------
     Total shares issued                                1,767,500        $1,768
                                                    ============= =============

               A  shareholder  has paid general and  administrative  expenses on
               behalf of the Company,  through  March 31, 2000,  of $2,329.  The
               Company has  recorded a liability  for this amount which has been
               reduced by the common  shares  issued ($172 and $816 above).  The
               balance  ($1,341)  is  payable  on  demand  and  is  non-interest
               bearing.

NOTE 5         SUBSEQUENT EVENT

               On  April  26,  2000,  the  Company  authorized  and  executed  a
               Debenture  agreement to borrow  $16,000 from a shareholder of the
               Company.  The  proceeds  are to be used to purchase  snowmobiles,
               with the intent to rent them,  and for other startup  costs.  The
               agreement  provides  that the loan bear interest at 10% per annum
               and is due three  years from the date of the loan.  Interest  and
               principal  are to be paid at maturity.  However,  the debt can be
               converted  to common  stock of the  Company  either in part or in
               full at any time by either party.


                                                8