UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10 - KSB

(Mark One)

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

For the Fiscal Period year ended November 30, 2006

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

For the transition period from ______________ to
___________________



Commission file number: 000 - 51976



Monza Ventures Inc.

----------------------------------------------

(Exact name of small business issuer as specified in its
charter)

Nevada
    N/A(State or other jurisdiction of incorporation
      or organization)
    (IRS Employer
Number)


Suite 802 - 738 Broughton Street, Vancouver, British
Columbia, Canada, V6G 3A7

----------------------------------------------------------

(Address of principal executive office)

604-263-7337

----------------------------------

(Issuer's telephone number)

N/A

-----------------

(Former name, former address and former fiscal year, 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:
Common Stock, $0.001

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 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 Regulation S-B is not containing in this form, and no
      disclosure will be contained, to the best of the registrant's knowledge,
      in definitive proxy or information statements incorporated by reference in
      Part III of this Form 10-KSB or any amendments to this Form 10-KSB
    [     ]Indicate by check mark whether the company is a shell
      company (as defined in Rule12b-2 of the Exchange Act)
    Yes [ x ]
    No [ ] State issuer's revenues for its most recent fiscal year
-$0 State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which
the common equity was sold, or the average bid and asked price of such common
equity, as of a specified date within the past 60 days. (See definition of
affiliate in Rule 12b-2 of the Exchange Act.)


Aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference as of November 30, 2006 is $55,000.

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

As of November 30, 2006, there are 10,500,000common
shares outstanding.

Transitional Small Business Disclosure Format (Check One):
Yes [   ]  No[ x ]



1





MONZA VENTURES INC.

FORM 10-KSB

For the Fiscal Year ended November 30, 2006

Table of Contents



Part I

Item
1.        Description of Business

Item
2.        Description of Property

Item
3.        Legal Proceedings

Item
4.        Submission of Matters to a vote of
Security Holders

Part II

Item
5.        Market for Common Equity and
Related Stockholder Matters

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

Item
7.        Financial Statements

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

Item
8A.     Controls and Procedures

Item
8B.     Other Information

Part III

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

Item
10.      Executive Compensation

Item
11.      Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

Item
12.      Certain Relationships and Related
Transactions

Item
13.      Exhibits

Item
14.      Principal Accountants Fees and Services

Signatures



2



FORWARD LOOKING STATEMENTS

CERTAIN STATEMENTS IN THIS ANNUAL REPORT ON FORM 10-KSB, OR
THE "REPORT," ARE "FORWARD-LOOKING STATEMENTS." THESE FORWARD-LOOKING STATEMENTS
INCLUDE, BUT ARE  NOT LIMITED TO, STATEMENTS ABOUT THE PLANS, OBJECTIVES,
EXPECTATIONS AND INTENTIONS OF MONZA VENTURES  INC., A NEVADA CORPORATION
AND OTHER STATEMENTS CONTAINED IN THIS REPORT THAT ARE NOT HISTORICAL FACTS.
FORWARD-LOOKING STATEMENTS IN THIS REPORT OR HEREAFTER INCLUDED IN OTHER
PUBLICLY AVAILABLE DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION,
OR THE "COMMISSION," REPORTS TO OUR SHAREHOLDERS AND OTHER PUBLICLY AVAILABLE
STATEMENTS ISSUED OR RELEASED BY US INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS WHICH COULD CAUSE OUR ACTUAL RESULTS,
PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS TO DIFFER FROM THE FUTURE
RESULTS, PERFORMANCE (FINANCIAL OR OPERATING) OR ACHIEVEMENTS EXPRESSED OR
IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FUTURE RESULTS ARE BASED UPON
MANAGEMENT'S BEST ESTIMATES BASED UPON CURRENT CONDITIONS AND THE MOST RECENT
RESULTS OF OPERATIONS. WHEN USED IN THIS REPORT, THE WORDS "EXPECT,"
"ANTICIPATE," "INTEND," "PLAN," "BELIEVE," "SEEK," "ESTIMATE" AND SIMILAR
EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS,
BECAUSE THESE FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES. THERE
ARE IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THOSE EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS, INCLUDING OUR
PLANS, OBJECTIVES, EXPECTATIONS AND INTENTIONS AND OTHER FACTORS.





3



PART I

Item 1.    Description of Business

Monza Ventures Inc. was incorporated in
the state of Nevada on September 6, 2005. We intend to commence operations as an
e-commerce retailer which will offer for sale overstocked inventory items from
factories in China over the internet. The initial region we plan to market our
website to is North America. We currently have signed a contract with a Canadian
business development firm to create and develop our website, foreignbargains.com.
We expect that our website will reach the beta phase of development by the end
of September 2007. We currently have not advanced beyond the business plan state
from our inception until the date of this filing. In order for us to begin
commercialization of our product, we will need to raise additional capital. We
currently do not have a specific plan to raise these funds. During September of
2005, we received initial funding through the sale of common stock to investors.
We do not intend to open any new stores; enter into any type of new business;
or, purchase equipment or other assets in the next twelve month period following
the date of this prospectus. From inception until the date of this filing, we
have had no material operating activities. Our current cash balance is $490. We
anticipate that our current cash balance will not satisfy our cash needs for the
following twelve-month period.

We are applying to become a public reporting company in order to provide our
shareholders increased liquidity for their common shares and to provide our
company an alternative avenue to raise additional investment capital in order to
proceed with our business plan.

Our principal executive offices are located at Suite 802 - 738 Broughton
Street, Vancouver, British Columbia and our telephone number is (604) 263-7337.
Our fiscal year end is November 30th.

Item 2:    Description of Property

The Company's headquarters and executive offices are located at Suite 802,
738 Broughton Street, Vancouver, British Columbia, Canada. Our telephone number
is (604) 263-7337.

Item 3:     Legal Proceedings

There are no existing, pending or threatened
legal proceedings involving Monza Ventures Inc., or against any of our officers
or directors as a result of their involvement with the Company.



As of November 30, 2006, the Company does not
retain a legal counsel.

Item 4:      Submission of Matters to a Vote of
Security Holders

There were no matters submitted to a vote of security holders during the
fiscal period ended November 30th, 2006.



PART II

Item 5:    Market for Common Equity, Related
Stockholder Matters and Small Business Issuer Purchases of Equity
Securities

There is currently no publicly trading market for our common stock.

There are no outstanding options or warrants or convertible securities to
purchase our common equity

All of the 10,500,000 common shares outstanding are eligible for sale through
the use of Rule 144 under the Securities Act.

As of November 30th, 2006, the approximate number of holders of Common Stock
of the Company is 29.

Since our inception date, our boards of directors have not declared any
dividend payments to the shareholders. The declaration and payment of dividends
to holders of our common stock by us, if any, are subject to the discretion of
our board of directors. Our board of directors will take into account such
matters as general economic and business conditions, our strategic plans, our
financial results and condition, contractual, legal and regulatory restrictions
on the payment of dividends by us, and such other factors as our board of
directors may consider to be relevant.

The company has never issued securities for any equity compensation plan.

5



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

The following discussion and analysis provides information which management
of Monza Ventures Inc. (the "Company") believes to be relevant to an assessment
and understanding of the Company's results of operations and financial
condition. This discussion should be read together with the Company's financial
statements and the notes to financial statements, which are included in this
report.

Overview

Monza Ventures Inc. was incorporated in
the state of Nevada on September 6, 2005. We intend to commence operations as an
e-commerce retailer which will offer for sale overstocked inventory items from
factories in China over the internet. The initial region we plan to market our
website to is North America. We currently have signed a contract with a Canadian
business development firm to create and develop our website, foreignbargains.com.
We expect that our website will reach the beta phase of development by the end
of September 2007. We currently have not advanced beyond the business plan state
from our inception until the date of this filing. In order for us to begin
commercialization of our product, we will need to raise additional capital. We
currently do not have a specific plan to raise these funds.

Results of Operations

Revenues

There were no revenues generated for the fiscal period ended November 30, 2006
and no revenues have been earned by the Company since it's inception. We do not
expect to be generating revenues until the 2nd phase of the Company's website is
complete and commercialization of the Company's product and services can begin.

General & Administrative Expenses

General and administrative expenses totaled $23,068 for the fiscal year
ended November 30, 2006. This is compared to general and administrative expenses
totaling $23,127 for the period from inception, September 6, 2005 to November
30, 2005. This decrease in general and administrative
expenses is largely attributed to decrease in fees paid for professional services
compared to the previous fiscal year. The professional fees incurred in the the
previous fiscal years were expected to be one-time fees and management does not
expect them to be recurring in the future.

We experienced a net loss of $23,068 for the fiscal year ended
November 30, 2006 compared to a net loss of $23,127
for the period from inception, September 6, 2005 to November 30, 2005.

Liquidity and Capital Resources

As of November 30, 2006, the Company had cash of $490. Management does not
expect that the current level of cash on hand will be sufficient to fund our
operation for the next twelve month period. In the event that additional funds
are required to maintain operations, our officers and directors have agreed to
advance us sufficient capital to allow us to continue operations. We may also be
able to obtain loans from our shareholders, but there are no agreements or
understandings in place currently.

We believe that we will require additional funding to expand our business and
ensure its future profitability. We anticipate that any additional funding will
be in the form of equity financing from the sale of our common stock. However,
we do not have any agreements in place for any future equity financing. In the
event we are not successful in selling our common stock, we may also seek to
obtain short-term loans from our director.



6

Item 7:    Financial Statements

The financial statements required to be filed pursuant to this
Item 7 begin on page F-1 of this report.

Item 8:    Changes In Disagreements With Accountants on
Accounting and Financial Disclosure

The Financial Statements of the Company have been audited by
Vellmer & Chang, Chartered Accountants for the fiscal year ended November 30, 2006 and
for the fiscal
period ended 2005. There have been no changes in or disagreements with Vellmer &
Chang on accounting and financial disclosure matters at any
time.

Item 8A: Controls and Procedures

Our Chief Executive Officer, President, and Chief Financial
Officer (the "Certifying Officers") are responsible for establishing and
maintaining disclosure controls and procedures for the Company. The Certifying
Officers have designed such disclosure controls and procedures to ensure that
material information is made known to them, particularly during the period in
which this report was prepared. The Certifying Officers have evaluated the
effectiveness of the Company's disclosure controls and procedures within 90 days
of the date of this report and believe that the Company's disclosure controls
and procedures are effective based on the required evaluation. There have been
no significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of their
evaluation, including any corrective actions with regard to significant deficiencies
and material weaknesses.

Item 8B: Other Information

None

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

Officers and Directors

Each of our directors serves until his or her successor is elected and
qualified. Each of our officers is elected by the board of directors to a term
of one (1) year and serves until his or her successor is duly elected and
qualified, or until he or she is removed from office. The board of directors has
no nominating, auditing or compensation committees.



7

The name, age, and position of our present officers and directors
are set forth below:

Name
    Age
    Position HeldAndrew Wong
    39
    President, Principal Executive Officer, Principal
      Financial Officer, Principal Accounting Officer, Treasurer, Secretary, and
      Director


Each director serves until our next annual meeting of the stockholders or
unless they resign earlier. The Board of Directors elects officers and their
terms of office are at the discretion of the Board of Directors.

Background of officers and directors

Andrew Wong has been our president,
principal executive officer, principal financial officer, principal accounting
officer, treasurer and director since September 7, 2005.

For the last five years, Mr. Wong has
been the sole operator of the Black Sheeps Pub in Coquitlam, British Columbia.

Audit Committee Financial Expert

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

Conflicts of Interest

The only conflict that we foresee is that our officers and directors devote
time to projects that do not involve us.

8

SECTION 16(A) BENEFICIAL OWNER REPORTING
COMPLIANCE

Section 16(a) of the Securities and Exchange Act of
1934 requires that the Company's directors, executive officers, and persons who
own more than 10% of registered class of the Company's equity securities, or
file with the Securities and Exchange Commission (SEC), initial reports of
ownership and report of changes in ownership of common stock and other equity
securities of the Company. Officers, directors, and greater than 10% beneficial
owners are required by SEC regulation to furnish the Company with copies of all
Section 16(a) reports they file. As of the fiscal year ending November 30,
2006, Form 3 reports were not timely filed by Andrew Wong, the Company's
President.

Code of Ethics

The Company has adopted code of ethics for all of the
employees, directors and officers which is attached to this Annual Report as
Exhibit 14.1.

Item 10:    Executive Compensation

The following table sets forth information with respect to compensation paid
by us to our officers and directors during the four most recent fiscal years.
This information includes the dollar value of base salaries, bonus awards and
number of stock options granted, and certain other compensation, if any.

|Summary Compensation
      Table             
|---------------------------------------------
|                                             
|                                             
|(a)                                          
|Name and Principal Position (1)              
|Andrew Wong                                  
|President, Treasurer, Secretary, and Director



[1]     All compensation received by the officers and directors has
been disclosed.

Option/SAR Grants

There are no stock option, retirement, pension, or profit sharing plans for
the benefit of our officers and directors.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans.

9

Compensation of Directors

We do not have any plans to pay our directors any money.

Indemnification

Under our Articles of Incorporation and Bylaws of the corporation, we may
indemnify an officer or director who is made a party to any proceeding,
including a law suit, because of his position, if he acted in good faith and in
a manner he reasonably believed to be in our best interest. We may advance
expenses incurred in defending a proceeding. To the extent that the officer or
director is successful on the merits in a proceeding as to which he is to be
indemnified, we must indemnify him against all expenses incurred, including
attorney's fees. With respect to a derivative action, indemnity may be made only
for expenses actually and reasonably incurred in defending the proceeding, and
if the officer or director is judged liable, only by a court order. The
indemnification is intended to be to the fullest extent permitted by the laws of
the State of Nevada.

Regarding indemnification for liabilities arising under the Securities Act of
1933, which may be permitted to directors or officers under Nevada law, we are
informed that, in the opinion of the Securities and Exchange Commission,
indemnification is against public policy, as expressed in the Act and is,
therefore, unenforceable.

Item 11: Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder Matters

The following table sets forth, as of the date of this prospectus, the total
number of shares owned beneficially by each of our directors, officers and key
employees, individually and as a group, and the present owners of 5% or more of
our total outstanding shares. The table also reflects what their ownership will
be assuming completion of the sale of all shares in this offering. The
stockholders listed below have direct ownership of his/her shares and possess
sole voting and dispositive power with respect to the shares. The address for
each person is our address at Suite 802 - 738 Broughton Street, Vancouver, BC, Canada,
V6G 3A7.

Name of Beneficial Owner
    Direct Amount of Beneficial Owner
    Position
    Percent of ClassAndrew Wong
    5,000,000
    President, Principal Executive Officer, Principal
      , Principal Accounting Officer, Treasurer, Secretary, and
      Director
    47.62%All officers and directors as a Group (1
      person)
    
    
    47.62%


Securities authorized for issuance under equity compensation
plans.

We have no equity compensation plans.

Item 12: Certain Relationships and Related Transactions

We issued 5,000,000 shares of common stock to Andrew Wong, our president and a
member of the board of directors in September 2005, in consideration of $5,000.

10

Item 13: Exhibits

Exhibit
No.                             
Description

3.1*                                        
Articles of Incorporation of the Company (incorporated by reference to the Form
SB-2 filed with the Securities and Exchange Commission on January 4,
2006)

3.2*                                        
Bylaws of the Company (incorporated by reference to the Form SB-2 filed with
the Securities and Exchange Commission on January 4, 2006)

10.1*                                      
Website Design Contract (incorporated by reference to the Form SB-2 filed with
the Securities and Exchange Commission on January 4, 2006)

14                                           
Code of Ethics

31                                           
Certification of the Chief Executive Officer and Chief Financial Officer
pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934 as amended,
as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32                                          
Certification of the Chief Executive Officer and Chief Financial Officer
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002

Item 14: Principal Accountant Fees and Services

1) Audit Fees

The aggregate fees billed for 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-QSBs or services that are normally provided by the accountant
in connection with statutory and regulatory engagements for those fiscal years
was:

2006 - $8,020          
Vellmer & Chang, Chartered Accountants.

2005 -
$5,564           Vellmer &
Chang, Chartered Accountants.

2) Audit - Related Fees

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

2006 - $0                    
Vellmer & Chang, Chartered Accountants

2005 - $0                    
Vellmer & Chang, Chartered Accountants

11

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:

2006 - $0                    
Vellmer & Chang, Chartered Accountants

2005 - $0                    
Vellmer & Chang, Chartered Accountants

4) All Other Fees

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

2006 - $0                    
Vellmer & Chang, Chartered Accountants

2005 - $0                    
Vellmer & Chang, Chartered Accountants









12



SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized on this 21st day of
February, 2007

Monza Ventures Inc.

(Registrant)

By: /s/ Andrew Wong

Andrew Wong

President and Chief Executive
Officer

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

Signature
    Title
    Date/s/ Andrew Wong
    President, CEO, Secretary, Treasurer and Director
    February 21, 2007Andrew Wong












13



INDEX TO FINANCIAL STATEMENTS



Report of Independent Registered Public Accounting Firm

Balance Sheets for the fiscal year ended November 30, 2006 and
fiscal period ended November 30, 2005                                          
F-2

Statements of Operations for the fiscal year ended November 30,
2006 and
fiscal period ended November 30, 2005                            F-3

Statements of Cash Flows for the fiscal year ended November 30,
2006 and fiscal period ended November 30, 2005                          
F-4

Statements of Shareholder's
Equity (Deficiency)                                                                                                                                    
F-5

Notes to Financial
Statements                                                                                                                                                               
F-6







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and Stockholders of

MONZA VENTURES INC.

(A development stage
company)

We have audited the
accompanying balance sheets of Monza Ventures Inc. (a development stage company)
as at November 30, 2006 and 2005 and the related statements of stockholders'
equity, operations and cash flows for the period from September 6, 2005 (date of
inception) to November 30, 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 audits.

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 an audit to obtain reasonable assurance 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 the Company as at November 30, 2006 and 2005 and the
results of its operations and its cash flows for the period from September 6,
2005 (date of inception) to November 30, 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 1 to the financial statements, the Company
incurred losses from operations since inception, has not attained profitable
operations and is dependent upon obtaining adequate financing to fund its
operations. These factors raise substantial doubt about the Company's ability to
continue as a going concern. Management's plans in regard to these matters are
also discussed in Note 1. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



Vancouver, British Columbia, Canada
    /s/ "Vellmer & Chang"February 1, 2007
    Chartered Accountants


F-1





Monza Ventures Inc.

(A Development Stage Company)

Balance Sheets

As at November 30, 2006

(With Comparative Figures as at November 30, 2005

(Expressed in US dollars)



As at November 30, 2006
      ($)
    As at November 30, 2005
      ($)ASSETSCurrent AssetsCash
    $ 490
    $ 1,873TOTAL
    CURRENT ASSETS
    $490
    $ 1,873Website Development Cost
    $5,000
    -TOTAL
    ASSETS
    $5,490
    $ 1,873LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)Current LiabilitiesAccounts payable and Accrued Liabilities
    19,079
    1,000Loans from
    Related Party
    8,606
    -Total Current
      Liabilities
    27,685
    1,000Commitments (Note 5)Stockholders' Equity (Deficiency)Common StockAuthorized:75,000,000 common shares at $0.001 par valueIssued and Outstanding:10,500,000 common shares
    10,500
    10,500Additional Paid In Capital
    13,500
    13,500Deficit, accumulated
      during the exploration stage
    (46,195)
    (23,127)Total Stockholders'
      Equity (Deficiency)
    (22,195)
    873TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (Deficiency)
    5,490
    $ 1,873Approved on behalf of the Board"Andrew Wong", Director and Chief Executive
    OfficerSee Accompanying Notes
F-2
Monza Ventures Inc.
(A Development Stage Company)
Statements of Operations and Deficit
(Expressed in US dollars)
Cumulative From Date of Inception on September 6, 2005,  to
	November 30, 2006
    For the Year Ended November 30, 2006
    For the period September 6, 2005 (Inception Date) to November
    30, 2005General and Administrative ExpensesConsulting and Professional Fees
    30,635
    9,635
    21,000Facilities Costs
    14,000
    12,000
    2,000Filing and Transfer Agent Fees
    1271
    1146
    125Bank Charges
    289
    287
    2(46,195)
    (23,068)
    ($23,127)Net Profit (Loss) for the Period
    (46,195)
    (23,068)
    ($23,127)Net Profit (Loss) per Common Share
    
    $(0.00)
    $ (0.00)Basic and dilutedWeighted Average Number of Shares
    Outstanding
    
    10,500,000
    9,924,419Basic and dilutedSee Accompanying
Notes
F-3
Monza Ventures Inc.
(A Development Stage Company)
Statements of Cash Flows
(Expressed in US Dollars)
Cumulative From Date of Inception on September 6, 2005,  to
	November 30, 2006
    For the Year Ended November 30, 2006
    For the period September 6, 2005 (Inception Date) to November
    30, 2005Cash Provided by (Used in)Operating ActivitiesNet (Loss) for
      the Period
    (46,195)
    (23,068)
    (23,127)Changes in non-cash working capital itemsAccounts payable
    and accrued liabilities
    19,079
    18,079
    1,000Cash Used in operating
      activities
    (27,116)
    (4,989)
    (22,127)Investing ActivitiesWebsite Development
    (5,000)
    (5,000)
    -Cash
    Used in investing activities
    (5,000)
    (5,000)
    -Financing ActivitiesCapital Stock subscribed
    24,000
    -
    24,000Loan from
	Shareholder
    8,606
    8,606
    -Cash provided by financing
    activities
    32,606
    8,606
    24,000Cash Increased (Decreased)
    490
    (1,383)
    1,873during the periodCash, Beginning of Period
    -
    1,873
    -Cash, End of Period
    490
    490
    1,873See Accompanying
Notes


F-4

Monza Ventures Inc.

(A Nevada Corporation)

Statements of Stockholders' Equity (Deficiency)

Accumulated for the period from date of
inception, on September 6, 2005, to November 30, 2006

(Expressed in US dollars)

Price Per Share
    Number of Common Shares
    Par Value
    Additional Paid-In-Capital
    Deficit Accumulated
    Total Stockholders Equity (Deficiency)Shares issued (September 9, 2005)
    $
    0.001
    5,000,000
    5,000
    
    
    5,000Shares issued (September 12, 2005)
    $
    0.001
    4,000,000
    4,000
    
    
    4,000Shares issued (September 13, 2005)
    $
    0.01
    1,500,000
    1,500
    13,500
    
    15,000Net Loss for the period from date of inception on September
    6, 2005 to
    November 30, 2005
    
    
    
    
    
    (23,127)
    (23,127)Balance November 30, 2005
    
    
    10,500,000
    10,500
    13,500
    (23,127)
    873Net Loss for the year ended November 30, 2006
    
    
    
    
    
    (23,068)
    (23,068)Balance November 30, 2006
    
    
    10,500,000
    10,500
    13,500
    (46,195)
    (22,195)See Accompanying
Notes


F-5

Monza Ventures Inc.

(A Development Stage Company)

Notes to the Financial Statements

For the fiscal year ended November 30, 2006

(Expressed in U.S. Dollars)

Note 1.        INCORPORATION
AND OPERATING ACTIVITIES

The
Company is a development stage company which was incorporated in the State of
Nevada, United States of America on September 6, 2005. The Company intends to
commence operations as an e-commerce retailer of overstock items through a
website on the internet.

These
financials statements have been prepared on a going concern basis. The Company
has accumulated deficit of $46,195 since inception, has yet to achieve
profitable operations and further losses are anticipated in the development of
its business, raising substantial doubt about the Company's ability to continue
as a going concern. Its ability to continue as a going concern is dependent upon
the ability of the Company's to generate profitable operations in the future
and/or to obtain the necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when they come due.
Management plans to continue to provide for its working capital needs by seeking
loans from its shareholders. These financial statements do not include any
adjustments to the recoverability and classification of assets, or the amount
and classification of liabilities that may be necessary should the Company be
unable to continue as a going concern.

The
Company's year-end is November 30.

Note 2.        SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES

The
financial statements of the Company have been prepared in accordance with
accounting principles generally accepted in the United States of America.
Because a precise determination of many assets and liabilities is dependent upon
future events, the preparation of financial statements for a period necessarily
involves the use of estimates, which have been made using careful judgment.
Actual results may vary from these estimates.

The
financial statements have, in management's opinion, been properly prepared
within the framework of the significant accounting policies summarized below:

a)                 Cash
and Cash Equivalents

Cash equivalents
comprise certain highly liquid instruments with a maturity of three months or
less when purchased. As at November 30, 2006, there were no cash equivalents.

b)                
Development Stage Company

The
Company complies with Statement of Financial Accounting Standard SFAS No. 7
and the Securities and Exchange Commission Exchange Act 7 for its
characterization of the Company as development stage.

c)              
Impairment of Long Lived Assets

Long-lived assets are reviewed for impairment in accordance with SFAS No. 144,
"Accounting for the Impairment or Disposal of Long- lived Assets". Under SFAS
No. 144, long-lived assets are tested for recoverability whenever events or
changes in circumstances indicate that their carrying amounts may not be
recoverable. An impairment charge is recognized or the amount, if any, which the
carrying value of the asset exceeds the fair value.

d)                Foreign
Currency Translation

The
Company is located and operating outside of the United States of America. It
maintains its accounting records in U.S. Dollars, as follows:

At the transaction date, each
asset, liability, revenue, and expense is translated into U.S. dollars by the
use of exchange rates in effect at that date. At the period end, monetary assets
and liabilities are remeasured by using the exchange rate in effect at that
date. The resulting foreign exchange gains and losses are included in
operations.

The
Company's currency exposure is insignificant and immaterial and we do not use
derivative instruments to reduce its potential exposure to foreign currency
risk.

e)                 Financial
Instruments

The carrying value
of the Company's financial instruments consisting of cash equivalents and
accounts payable and accrued liabilities approximates their fair value because
of the short maturity of these instruments. Unless otherwise noted, it is
management's opinion that the Company is not exposed to significant interest,
currency or credit risks arising from these financial instruments.

f)                  Income
Taxes

The
Company uses the assets and liability method of accounting for income taxes in
accordance with SFAS No. 109 "Accounting for Income Taxes".  Under this method,
deferred tax assts and liabilities are recognized for the future tax
consequences attributable to temporary differences between the financial
statements carrying amounts of existing assets and liabilities and their
respective tax bases. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in which
those temporary differences are expected to be recovered or settled.

g)                 Basic
and Diluted Net Loss Per Share

h)                 Website Development Cost

The Company adopted EITF 00-2,  "Accounting for  Website  Development  Costs,"  which specifies the appropriate accounting for costs incurred in connection with the development and maintenance of  websites.  Under the EITF 00-2, website development costs are capitalized when acquired and installed, and are being amortized over its estimated useful life. As at November 30, 2006, the Company accrued $5,000 website development cost and has not recorded an amortization of the website development cost as the operation of the website has not yet completed.

i)                 Stock Based Compensation

The Company accounts for stock options and similar equity instruments issued in accordance with SFAS No. 123(revised), "Share-Based Payment".  Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. Transactions in which goods or services are received in exchange for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.   SFAS No. 123(revised) requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.

The Company did not grant any stock options during the period ended November 30, 2006.

j)                 Comprehensive Income

The Company adopted Statement of Financial Accounting Standards No. 130 (SFAS 130), Reporting Comprehensive Income, which establishes standards for reporting and display  of  comprehensive income, its components and accumulated balances. The  Company  is  disclosing  this information on its Statement of Stockholders' Equity.  Comprehensive income  comprises  equity  except  those resulting  from  investments by owners and distributions to owners.

The Company has no elements of "other comprehensive  income" during the period ended November 30, 2006.

k)                 Revenue Recognition

The Company's business is in the sale of overstock items through a website on the internet.  The Company recognizes the revenue at the time of shipping of the product when responsibility of the product is transferred to the purchaser and payment has been accepted or assured.  The Company does not carry a physical inventory.  Instead, the product sold is drop shipped directly from the supplier to the customer.  In this capacity, the Company is acting as an agent for the supplier and under EITF 99-19 "Reporting Revenue Gross as a Principal versus Net as an Agent" recognizes transactions on the net basis.

l)                 Advertising Expenses

The company expenses advertising costs as incurred. There was no advertising expense incurred by the company during the period ended November 30, 2006.

m)                 New Accounting Standards

Management does not believe that any recently issued, but not yet effective accounting standards if currently adopted could have a material effect on the accompanying financial statements.



Note 3.       CAPITAL STOCK

On September 9, 2005, the Company issued 5,000,000 common shares at $0.001 per share to the sole director of the Company for total proceeds of $5,000.

On September 12, 2005, the Company issued 4,000,000 common shares at $0.001 per share for total proceeds of $4,000.

On September 13, 2005, the Company issued 1,500,000 common shares at $0.01 per share for total proceeds of $15,000.



Note 4.        INCOME TAXES

As at November 30, 2006, the Company has an estimated net operating loss carryforward for tax purpose of approximately $46,000. This amount may be applied against future federal taxable income and expires 2025 to 2026.

As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the deferred tax asset, a valuation allowance equal to the deferred tax asset has been established as at November 30, 2006.  The significant components of the deferred tax asset as at November 30, 2006 were as follows:

November 30, 2006November 30, 2005Net Operating loss carryfowards16,1508,000Valuation allowance(16,150)(8,000)Net Deferred Tax asset--


Note 5.       COMMITMENTS

On November 15, 2005, the management of the Company signed a web design contract with Fusion Business Group Inc. (a company controlled by a relative of the director) to create and develop the Company's website. In consideration the Company agreed to pay Fusion Business Group Inc. a fixed fee of $20,000, $5,000 of the total $20,000 has been accrued as at November 30, 2006.

Note 6.        RELATED PARTY
TRANSACTIONS

During the period ended November 30, 2006, the Company incurred consulting fees and rent for $ nil (2005: $21,000) and $12,000 (2005: $2,000), respectively, to persons or companies controlled by persons relate to the sole director of the Company. As at November 30, 2006, included in accounts payable of $13,000 (2005: $1,000) is payable to a company controlled by a person related to the sole director of the Company.

The shareholder loan is unsecured, non-interest bearing and has no stated terms of repayment.