<PAGE>

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                  FORM 10-QSB

(Mark One)
( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      For the quarterly period ended:             November 30, 2000
                                     -----------------------------------------

                                      OR

(   ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

      For the transition period from: ____________________ to _________________


Commission file number:   0-9798
                          -----------------------------------------------------

                       DESIGNER & DECORATOR HOUSE, INC.
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


DELAWARE                                                    95-2930683
-------------------------------------          ---------------------------------
     (State or other jurisdiction of            (I.R.S. Employer Identification
     incorporation or organization)                          No.)


5720 S. Arville, Suite 106, Las Vegas, Nevada                          89118
--------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)


(702) 320-9610
--------------------------------------------------------------------------------
             (Registrant's telephone number, including area code)

Formerly World Collectibles, Inc.
--------------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
                                    report)

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

YES  X   NO ___
    ---

               Applicable only to issuers involved in bankruptcy
                  proceeding during the preceding five years

     Check whether the registrant 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  X     NO ___
    ---

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

   8,870,370 shares of Common Stock, $0.01 par value, as of January 5, 2001

     Transitional Small Business Disclosure Format (check one):

YES ___  NO  X
            ---

                                       1
<PAGE>

                DESIGNER & DECORATOR HOUSE, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET

<TABLE>
                                                                      November 30,
                                                                          2000
                                                                    ----------------
                                                                      (unaudited)
<S>                                                                 <C>
                                    ASSETS

CURRENT ASSETS
Cash and cash equivalents                                               $ 64,393
Inventory                                                                214,197
Advance to employee                                                        6,300
                                                                        --------
TOTAL CURRENT ASSETS                                                     284,890
PROPERTY AND EQUIPMENT, net                                               24,842
                                                                        --------
                                                                        $309,732
                                                                        ========

                    LIABILITIES AND SHAREHOLDERS' DEFICIENCY

CURRENT LIABILITIES
Accounts payable and accrued expenses                                   $238,623
Note payable                                                              90,000
                                                                        --------
TOTAL LIABILITIES                                                        328,623
                                                                        --------
SHAREHOLDERS' DEFICIENCY
Common stock, $0.001 par value; authorized - 50,000,000 shares
issued and outstanding - 8,870,370 shares                                  8,820
Additional paid-in capital                                                (7,820)
Accumulated deficit                                                      (19,891)
                                                                        --------
TOTAL SHAREHOLDERS' DEFICIENCY                                           (18,891)
                                                                        --------
                                                                        $309,732
                                                                        ========

</TABLE>

      See accompanying Notes to Condensed Consolidated Financial Statements

                                       2
<PAGE>

                DESIGNER & DECORATOR HOUSE, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>

                                                       Nine Months    Three Months
                                                         Ended           Ended
                                                      November 30,    November 30,
                                                         2000            2000
                                                      ------------    ------------
                                                      (unaudited)    (unaudited)

<S>                                                   <C>            <C>
SALES                                                 $ 2,164,496    $   930,768
COST OF GOODS SOLD                                      1,183,427        505,123
                                                      -----------    -----------
GROSS PROFIT                                              981,069        425,645
                                                      -----------    -----------

COSTS AND EXPENSES
Operating expenses                                        332,260        193,286
Selling, general and administrative                       658,773        284,166
Depreciation                                                6,176          2,615
Interest expense (income)                                   3,751           (749)
                                                      -----------    -----------
TOTAL EXPENSES                                          1,000,960        479,318
                                                      -----------    -----------
NET INCOME BEFORE PROVISION FOR INCOME TAXES              (19,891)       (53,673)
                                                      -----------    -----------
NET LOSS                                              $   (19,891)   $   (53,673)
                                                      ===========    ===========
WEIGHED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING     8,820,370      8,820,370
                                                      ===========    ===========
BASIC AND DILUTED LOSS PER SHARE                           (0.002)        (0.006)
                                                      ===========    ===========

</TABLE>

      See accompanying Notes to Condensed Consolidated Financial Statements

                                       3

<PAGE>

                DESIGNER & DECORATOR HOUSE, INC. AND SUBSIDIARIES
          CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' DEFICIENCY
                  FOR PERIOD MARCH 1, 2000 TO NOVEMBER 30, 2000



<TABLE>
                                                               Common Stock          Additional      Accumulated
                                                            Shares         Amount   Paid in Capital    Deficit         Total
                                                         ----------        ------   ---------------    -------         -----
<S>                                                      <C>           <C>          <C>             <C>            <C>
Balance, March 1, 2000                                   50,000,000    $    50,000   $ 1,141,299    $(1,960,211)   $  (768,912)
Reverse stock split                                     (49,629,630)       (49,630)       49,630                             0
Elimination of
predecessor's accumulated deficit                                                     (1,960,211)     1,960,211              0
Forgiveness of accrued salaries
due to a former offcer and shareholder                                                   283,464                       283,464
Issuance of 6,450,000 shares in
exchange for 64,500 shares of WCIN                        6,450,000          6,450        (5,450)                        1,000
Issuance of 2,000,000 shares to cancel debt
due to a former officer and shareholder                   2,000,000          2,000       483,448                       485,448
                                                                                                        (19,891)       (19,891)
                                                        -----------    -----------   -----------    -----------    -----------
Balance, November 30, 2000 (unaudited)                    8,820,370    $     8,820   $    (7,820)   $   (19,891)   $   (18,891)
                                                        ===========    ===========   ===========    ===========    ===========

</TABLE>

      See accompanying Notes to Condensed Consolidated Financial Statements

                                       4

<PAGE>

               DESIGNER & DECORATOR HOUSE, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS


<TABLE>

                                                                              Nine Months
                                                                                 Ended
                                                                              November 30,
                                                                                  2000
                                                                              ------------
                                                                              (unaudited)
<S>                                                                           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                                        $ (19,891)
Adjustments:
Depreciation                                                                        6,176
Changes in operating assets and liabilities:
Inventory                                                                        (214,197)
Accounts payable and accrued expenses                                             238,623
                                                                                ---------
NET CASH USED IN OPERATING ACTIVITIES                                              10,711
                                                                                ---------
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment                                                (31,018)
Advance to employee                                                                (6,300)
                                                                                ---------
NET CASH USED IN INVESTING ACTIVITIES                                             (37,318)
                                                                                ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Note payable                                                                       90,000
Proceeds from sale of common stock                                                  1,000
                                                                                ---------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                          91,000
                                                                                ---------
NET INCREASE IN CASH                                                               64,393
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR                                        0
                                                                                ---------
CASH AND CASH EQUIVALENTS, END OF THE YEAR                                      $  64,393
                                                                                =========
NON-CASH TRANSACTIONS
Issuance of 2,000,000 shares of common stock
to cancel debt due to a former officer and shareholder                          $ 485,448
                                                                                =========
Forgiveness of accrued salaries due to a former officer and shareholder         $ 283,464
                                                                                =========

</TABLE>

      See accompanying Notes to Condensed Consolidated Financial Statements

                                       5
<PAGE>

1.   BASIS OF PRESENTATION

     The interim consolidated financial statements presented have been prepared
     by Designer & Decorator House, Inc. (formerly World Collectibles, Inc. or
     the "Company") without audit and, in the opinion of the management, reflect
     all adjustments of a normal recurring nature necessary for a fair statement
     of (a) the financial position at November 30, 2000, (b) the results of
     operations for the nine and three months ended November 30, 2000, (c)
     shareholders' deficiency for the nine months ended November 30, 2000, and
     (c) the cash flows for the nine months ended November 30, 2000. Interim
     results are not necessarily indicative of results for a full year.

     The financial statements and notes are condensed as permitted by Form 10-
     QSB and do not contain certain information included in the annual financial
     statements and notes of the Company. The consolidated financial statements
     and notes included herein should be read in conjunction with the financial
     statements and notes included in the Company's audited financial statements
     for period ended July 31, 2000 in the Company's Form 8-K/A.

     In July 2000, pursuant to the terms of a Merger Agreement and Plan of
     Reorganization ("Merger Agreement"), Designer & Decorator House, Inc., a
     Nevada corporation (formerly World Collectibles, Inc. or "WCIN"), merged
     (the "Merger") with and into World Collectibles Holdings, Inc., a Delaware
     corporation and wholly owned subsidiary of the Company. Pursuant to the
     Merger Agreement, shareholders of WCIN exchanged their shares for shares of
     common stock of the Company at the rate of 100 shares of common stock of
     the Company for each one share of WCIN.

     For accounting purposes, the Merger has been treated as an acquisition of
     the Company by WCIN. The historical financial statements of the Company
     prior to the acquisition are those of WCIN even though they are labeled as
     those of the Company. The Company did not have significant operations
     before the Merger, which, for financial statement purposes, was effective
     March 1, 2000. The historical shareholders' equity (deficiency) of the
     Company prior to the merger was eliminated against its additional paid-in
     capital. Accumulated earnings of WCIN was carried forward after the
     acquisition. Operations prior to the Merger are those of Medical Monitors,
     Inc. and operations subsequent to the Merger are those of WCIN and,
     therefore, for quarterly filing purposes, the information contained in this
     10-Q cannot be compared to those in the Company's Form 10-K.

2.   SHAREHOLDERS' EQUITY

     In July 2000, pursuant to the terms of a Merger Agreement and Plan of
     Reorganization ("Merger Agreement"), Designer & Decorator House, Inc., a
     Nevada corporation (formerly World Collectibles, Inc. or "WCIN"), merged
     (the "Merger") with and into World Collectibles Holdings, Inc., a Delaware
     corporation and wholly owned subsidiary of the Company. In connection with
     the Merger, the Company's name was changed from Medical Monitors, Inc. to
     World Collectibles, Inc. and then to Designer & Decorator House, Inc. and a
     reverse stock split was effected whereby each issued and outstanding share
     of common stock of the Company, par value $0.001 per share, was
     reclassified and changed into 0.007407407 shares.

     In connection with the Merger, the shareholders of WCIN exchanged their
     shares in WCIN for 6,450,000 shares of common stock of the Company and the
     Company issued 1,000,000 shares of the Company's common stock each to
     Stanley Shuster and Brian Shuster in consideration for the cancellation of
     any and all debt owed by the Company to their father, Harry Shuster, a
     former officer and director of the Company.

3.   SUBSEQUENT EVENTS

     In December 2000, the Company issued 35,000 shares as compensation for
     professional services rendered and 15,000 shares for the purchase of
     inventory.

                                       6
<PAGE>

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

     The following discussion and analysis is provided to increase the
understanding of, and should be read in conjunction with, the Condensed
Consolidated Financial Statements of the Company and Notes thereto included
elsewhere in this quarterly report. Historical results and percentage
relationships among any amounts in these financial statements are not
necessarily indicative of trends in operating results for any future period. The
statements which are not historical facts contained in this quarterly report,
including this Management's Discussion and Analysis of Financial Condition and
Results of Operations, and Notes to the Condensed Consolidated Financial
Statements, constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are based on
currently available operating, financial and competitive information, and are
subject to various risks and uncertainties. Future events and the Company's
actual results may differ materially from the results reflected in these
forward-looking statements. Factors that might cause such a difference include,
but are not limited to, dependence on existing and future customers, limited
ability to establish new strategic relationships, ability to sustain and manage
growth, variability of quarterly operating results, the Company's expansion and
development of new marketing and other business development initiatives,
competition in the industry, general economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who possess the
skills and experience necessary to continue and expand the business, the
potential liability with respect to actions taken by its existing and past
employees, other risks described herein, the Company's Annual Report on Form 10-
KSB, as amended, and the Company's other Securities and Exchange Commission
filings.

Overview

     The Company markets high quality home and office furnishings and decorator
items to wholesale customers and the general public. Sales are made from the
Company's 6,000 square foot showroom/warehouse located in Las Vegas, Nevada, and
also through "No Minimum Bid" auctions held at various high end hotel sites in
the states of California, Colorado and Nevada. Auction frequencies are from 1 to
4 times a month. Inventory is obtained from importers and domestic manufacturers
and distributors. The Company's inventory typically includes hand carved
furniture, hand painted vases, original oil paintings, Tiffany style lamps, hand
made rugs, lithographs and serigraphs from internationally recognized artists.
Other inventory items include bronze statues and sculptures, some of which are
outdoor life size pieces such as elk, deer, dolphins, giraffes, roman statues
and fountains, in some cases weighing up to 2,000 pounds. Sales prices of items
sold range from under $100 to over $10,000.

     The Company generally derives its revenues from two sources: auction sales
and showroom sales. Auction sales typically account for over 90% of the
company's revenues. The Company sales are dependent on the number of auctions
held each month, the month of the year and on the locations where the are held.

                                       7
<PAGE>

     In August 2000, the Company leased a 5,500 square foot showroom/warehouse
in Scottsdale, Arizona. It is anticipated that improvements will be completed by
the end of January 2001. The Arizona showroom/warehouse will substantially
duplicate the operations of the Las Vegas facility. In addition to showroom
sales, the Company plans to conduct auctions in Arizona and New Mexico from the
new location.

Plan of Operations

     During the 2001 calendar year, the Company plans to open additional Company
operated showroom/warehouses in Denver, Colorado, and in the Orange County and
San Francisco Bay areas of California. The expansions would generally duplicate
the Company's Scottsdale and Las Vegas operations. In addition, through a wholly
owned subsidiary, Designer & Decorator House Franchise, Inc., the Company is
preparing to sell and support a franchise operation for areas throughout the
United States which are considered to be too remote to be operated from the
Company's Las Vegas headquarters. Franchise sales are currently anticipated to
commence during the 2001 calendar year.

     The initial cost of opening a new showroom/warehouse site is approximately
$50,000. In addition, each showroom/warehouse site requires between $150,000 and
$200,000 of inventory to conduct successful auction operations. The Company has
extensive contacts with suppliers, both offshore and domestic, from which the
Company acquires it's inventory. With its expanded operations, the Company
anticipates being able to purchase inventory in container load quantities at a
substantial cost savings.

     Management of the Company believes the Company can finance its current
operations from cash flow from operations. In order to implement the Company's
expansion plans and achieve projected cost savings on inventory purchases, the
Company may raise additional funds through a sale of equity. However, there is
no assurance that the Company's efforts to raise additional funds through the
sale of equity will be successful, in which case the Company would be required
to seek another source for expansion capital.

     The Company currently has a staff of seven full time employees. The Company
anticipates adding twenty additional full time employees during the 2001
calendar year in connection with its expansion plans.

                                       8
<PAGE>

                          PART II - OTHER INFORMATION

     Item 1. LEGAL PROCEEDINGS

     Not Applicable


     Item 2. CHANGES IN SECURITIES

     In December 2000, pursuant to Section 4(2) of the Securities Act of 1933,
the Company issued 50,000 shares of common stock, as follows: 20,000 shares of
common stock to Richman, Mann, Chizever, Phillips & Duboff, A Professional
Corporation, in exchange for legal fees valued at $8,690; 15,000 shares of
common stock to Alon Varsha, owner of Kingston Frame, a supplier of inventory to
the Company, in exchange for inventory costing $20,000; 15,000 shares of common
stock to Ralph Kaye, an individual, in exchange for consulting services
regarding the conduct of auctions, valued at $15,000.

                                  SIGNATURES

     Pursuant to the requirements 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.

                                    DESIGNER & DECORATOR HOUSE, INC.

Date:     January 23, 2001          By:  Brad Smith
                  --                ----------------------
                                         Brad Smith, President and Chief
                                              Executive Officer
                                              (Duly Authorized Officer)

Date:     January 23, 2001          By:  Susan Shuey,
                  --                ----------------------
                                         Susan Shuey, Chief Financial Officer
                                              And Secretary
                                              (Principal Financial Officer)

                                       9