<PAGE>


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

                                   FORM 10-QSB

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

                  For the quarterly period ended March 31, 2003

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

               For the transition period from ________ to ________

                         Commission file number 0-49670

                              OXFORD VENTURES, INC.
        (Exact name of small business issuer as specified in its charter

                NEVADA                                      n/a
(State or other jurisdiction of              (IRS Employment Identification No.)
 incorporation or organization)

                 1481 Barrow Street, North Vancouver, BC V7J 1B6
                    (Address of principal executive offices)

                                 (604) 986-6869
                           (Issuer's telephone number)

    State the number of shares outstanding of each of the issuer's classes of
 common equity, as of the latest practicable date: 1,903,276 as of May 1, 2003

Transitional Small Business Disclosure Format (Check one):   Yes [ ]    No [X]

<PAGE>


                              OXFORD VENTURES, INC.
                                   FORM 10-QSB
                                      INDEX


                                                                            Page

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements (unaudited)

Condensed Balance Sheet
March 31, 2002 (unaudited) and December 31, 2001..............................3

Condensed Statements of Operations for the three months ended
March 31, 2003 and 2002 (unaudited), and cumulative from
inception on September 17, 1987 through March 31, 2003 (unaudited)............4

Condensed Statements of Cash Flows for the three months ended
March 31, 2003 and 2002 (unaudited), and cumulative from
inception on September 17, 1987 through March 31, 2003 (unaudited)............5

Condensed Statement of Stockholder's Equity from inception
On September 17, 1987 through March 31, 2003 (unaudited)......................6

Notes to Financial Statements (unaudited).....................................7

Item 2. Management's Discussion and Analysis or Plan of Operation.............8

Item 3. Controls and Procedures...............................................9

PART II. OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K.....................................9

Signatures....................................................................10

Certifications................................................................10

                                       2
<PAGE>
<TABLE>

PART 1.  FINANCIAL INFORMATION

Item 1.  Financial Statements


                              OXFORD VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
<CAPTION>



                                                           March 31,      December 31,
                                                             2003            2002
                                                          ----------      ----------
                                                          (unaudited)
                                 ASSETS
                                 ------
<S>                                                       <C>             <C>
CURRENT ASSETS

CURRENT ASSETS- cash held in trust by related party       $     989       $     989
                                                          ----------      ----------


                                                          $     989       $     989
                                                          ==========      ==========


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------


CURRENT LIABILITIES
  Accounts payable                                        $     445       $     503
  Accrued payroll                                             3,125           2,500
  Shareholder advances                                        5,679           5,389
                                                          ----------      ----------

TOTAL CURRENT LIABLITIES                                      9,249           8,392
                                                          ----------      ----------


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)

     Common stock, par value $.001, 100,000,000 shares
        authorized, 1,903,276 shares outstanding              1,903           1,903
     Paid-in capital                                        111,118         111,118
     Contributed capital                                     10,150           9,850
    (Deficit) accumulated during the development stage     (131,431)       (130,274)
                                                          ----------      ----------

          Total Stockholders' Equity (Deficit)               (8,260)         (7,403)
                                                          ----------      ----------

                                                          $     989       $     989
                                                          ==========      ==========
</TABLE>

                 SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                       3
<PAGE>
<TABLE>

                                             OXFORD VENTURES, INC.
                                         (A DEVELOPMENT STAGE COMPANY)
                                           STATEMENTS OF OPERATIONS
                                                  (UNAUDITED)
<CAPTION>


                                                                                            CUMMULATIVE
                                                                                                FROM
                                                                                            SEPTEMBER 17,
                                                                                                1987
                                                              THREE MONTHS ENDED             (INCEPTION)
                                                                   MARCH 31,                      TO
                                                         -----------------------------         MARCH 31,
                                                             2003              2002              2003
                                                         ------------      ------------      ------------
                                                                                             (UNAUDITED)
<S>                                                      <C>               <C>               <C>
REVENUE                                                  $        --       $        --       $        --
                                                         ------------      ------------      ------------

EXPENSES:
      General and administrative                               1,157            15,788            97,125
      Equity in (loss) of unconsolidated subsidiary               --                --            34,301
      interest                                                    --              (168)                5
                                                         ------------      ------------      ------------

          Total Expenses                                       1,157            15,620           131,431
                                                         ------------      ------------      ------------

NET (LOSS)                                               $    (1,157)      $   (15,620)      $  (131,431)
                                                         ============      ============      ============

NET (LOSS) PER COMMON SHARE-BASIC                              *           $     (0.01)
                                                         ============      ============

WEIGHTED AVERAGE NUMBER OF
   COMMON SHARES OUTSTANDING                               1,268,851         1,169,943
                                                         ============      ============


* less than $.01 per share

</TABLE>


                                SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS

                                                      4
<PAGE>
<TABLE>

                                        OXFORD VENTURES, INC.
                                    (A DEVELOPMENT STAGE COMPANY)
                                      STATEMENTS OF CASH FLOWS
                                             (UNAUDITED)

<CAPTION>


                                                                                        CUMMULATIVE
                                                                                           FROM
                                                                                        SEPTEMBER 17,
                                                                                           1987
                                                              THREE MONTHS ENDED        (INCEPTION)
                                                                   MARCH 31,                 TO
                                                            ------------------------       MARCH 31,
                                                              2003           2002           2003
                                                            ---------      ---------      ---------
CASH FLOWS FROM OPERATING ACTIVITIES:                                                    (UNAUDITED)
<S>                                                         <C>           <C>            <C>
      Net (loss) from operations                            $ (1,157)     $ (15,620)     $(131,431)
      Adjustments to reconcile net (loss) to net
         cash used by operating activities:
           Contributed capital                                   300            300         10,150
           Impairment loss provided by stock issuance                                          500
           Stock issued for services                                          7,000         40,286
           Changes in:
                  Trust funds                                                  7650           (989)
                  Accounts payable                               (58)                          445
                  Accrued payroll                                625            670          3,125
                  Shareholder advances                           290                         5,679
                                                            ---------      ---------      ---------

           Net Cash (Used) by Operating Activities                (0)             0        (72,235)
                                                            ---------      ---------      ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from subordinated convertible debentures            --             --         15,000
     Proceeds from sale of common stock                                                     57,235
                                                            ---------      ---------      ---------

           Net Cash From Financing Activities                     --             --         72,235
                                                            ---------      ---------      ---------


NET INCREASE IN CASH                                              --              0             --

CASH, beginning of period                                         --             65             --
                                                            ---------      ---------      ---------

CASH, end of period                                         $     --       $     65       $     --
                                                            =========      =========      =========


SUPPLEMENTAL SCHEDULE OF NONCASH
   INVESTING AND FINANCING ACTIVITIES:

   Common stock issued for loan reductions                                 $ 15,000       $ 25,084
                                                                           =========      =========

                             SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>

                                                 5
<PAGE>
<TABLE>

                                                       OXFORD VENTURES, INC.
                                                   (A DEVELOPMENT STAGE COMPANY)
                                           STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

<CAPTION>


                                                                                                          (DEFICIT)
                                                                                                         ACCUMULATED
                                                          COMMON STOCK                                   DURING THE
                                                   --------------------------    PAID-IN   CONTRIBUTED   DEVELOPMENT
                                                      SHARES        AMOUNT       CAPITAL      CAPITAL       STAGE        TOTAL
                                                   ------------  ------------  ------------ ------------ ------------  ------------
(unaudited)
<S>                                                <C>           <C>           <C>          <C>          <C>           <C>
BALANCE, AT INCEPTION                                       --   $        --   $        --  $        --  $        --   $        --
  Stock issued for services                         30,786,970        30,787        30,787
  Reverse stock split 600 for 1                    (30,733,239)      (30,733)       30,733           --           --            --

  Net (loss) for the year                                   --            --            --           --      (30,787)      (30,787)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31, 1997                              53,731            54        30,733           --      (30,787)           --
  Stock issued in a private placement
   in August 1998, net of offering
   costs of $5,700                                   5,070,000         5,070         4,440           --           --         9,510
  Net (loss) for the year                                   --            --            --           --       (9,510)       (9,510)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31,1998                            5,123,731         5,124        35,173           --      (40,297)           --

  Net (loss) for the year                                   --            --            --           --      (12,050)      (12,050)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31,1999                            5,123,731         5,124        35,173           --      (52,347)      (12,050)

 Stock issued at $.01, October 12, 2000              4,772,390         4,772        42,952           --           --        47,724
 Contributed capital                                        --            --            --        3,700           --         3,700
 Net (loss) for the year                                    --            --            --           --      (45,751)      (45,751)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31,2000                            9,896,121         9,896        78,125        3,700      (98,098)       (6,377)
(AUDITED)
Stock issued November 15, 2001 to
 acquire subsidiary company                            500,000           500            --           --           --           500
Stock issued for services at $.01
  on November 15, 2001                                 250,000           250         2,250           --           --         2,500
 Contributed capital                                        --            --            --        4,950           --         4,950
 Reverse stock split, 200 for 1
  January 4, 2002                                  (10,592,845)      (10,593)       10,593           --           --            --
 Net (loss) for the year                                    --            --            --           --       (9,828)       (9,828)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31, 2001                              53,276            53        90,968        8,650     (107,926)       (8,255)
Conversion of subordinated convertible debentures
   on February 8, 2002, at $.01 per share            1,500,000         1,500        13,500           --           --        15,000
Stock issued for services at $.02 per share
  on March 4, 2002                                     350,000           350         6,650           --           --         7,000
 Contributed capital                                     1,200         1,200
 Net (loss) for the year                                    --            --            --           --      (22,348)      (22,348)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, DECEMBER 31, 2002                           1,903,276   $     1,903   $   111,118  $     9,850  $  (130,274)  $    (7,403)
(UNAUDITED)
 Contributed capital                                        --            --            --          300           --           300
 Net (loss) for the year                                    --            --            --           --       (1,157)       (1,157)
                                                   ------------  ------------  ------------ ------------ ------------  ------------

BALANCE, MARCH 31, 2003 (UNAUDITED)                  1,903,276   $     1,903   $   111,118  $    10,150  $  (131,431)  $    (8,260)
                                                   ============  ============  ============ ============ ============  ============

                                            SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>

                                                                6
<PAGE>

Note 1. BASIS OF PRESENTATION

In the opinion of management, the accompanying unaudited condensed financial
statements have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form
10-QSB. Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete financial
statements. In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for a fair presentation of the
Company's financial position as of March 31, 2003 and the results of its
operations and cash flows for the three months ended March 31, 2003 and 2002.
Operating results for the three months ended March 31, 2003 are not necessarily
indicative of the results that may be expected for the year ended December 31,
2003.

These condensed financial statements should be read in conjunction with the
financial statements and notes thereto contained in the Company's Form 10-SB for
the year ended December 31, 2002.


                                       7
<PAGE>

Item 2.  Plan Of Operations

The following should be read in conjunction with the Company's consolidated
financial statements and notes thereto, included elsewhere within this report.

Overview
--------

The Company is considered a development stage company with no assets or capital
and with no operations or income since inception. The costs and expenses
associated with the preparation and filing of this registration statement and
other operations of the Company have been paid for by loans from shareholders
and officers of the Company. It is anticipated that the Company will require
only nominal capital to maintain the corporate viability of the Company and
necessary funds will most likely be provided by the Company's existing
shareholders or its officers and directors in the immediate future. However,
unless the Company is able to facilitate an acquisition of or merger with an
operating business or is able to obtain significant outside financing, there is
substantial doubt about its ability to continue as a viable corporation.

In the opinion of management, inflation has not and will not have a material
effect on the operations of the Company until such time as the Company
successfully completes an acquisition or merger. At that time, management will
evaluate the possible effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

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

For the near term, the Company continues to seek merger and/or acquisition
candidates. It has had no operations since inception and is financially
dependent on its shareholders and/or management, who have financed its existence
to date. Management of the Company believes that its shareholders and/or
management will continue to provide the finances the Company requires, without
the need to raise additional capital. Management intends to hold expenses to a
minimum and to obtain services on a contingency basis when possible. Further,
the Company's President and sole Director will defer any compensation until such
time as an acquisition or merger can be accomplished and will strive to have the
business opportunity provide their remuneration. However, if the Company engages
outside advisors or consultants in its search for business opportunities, it may
be necessary for the Company to attempt to raise additional funds.

In the event the Company does need to raise capital most likely the only method
available to the Company would be the private sale of its securities. Because of
the nature of the Company as a development stage company, it is unlikely that it
could make a public sale of securities or be able to borrow any significant sum,
from either a commercial or private lender. There can be no assurance that the
Company will be able to obtain additional funding when and if needed, or that
such funding, if available, can be obtained on terms acceptable to the Company.

The Company does not intend to use any employees, with the possible exception of
part-time clerical assistance on an as-needed basis. Outside advisors or
consultants will be used only if they can be obtained for minimal cost or on a
deferred payment basis. Management is confident that it will be able to operate
in this manner and to continue its search for business opportunities during the
next twelve months.

                                       8
<PAGE>

Results of Operation
--------------------

The Company has had no operations during this reporting period. During the
quarterly period covered by this report, the Company received no revenue and
incurred expenses of $1,157 stemming from general and administrative
expenditures.

Liquidity
---------

As of March 31, 2003 the Company had total current assets of $989 and total
liabilities of $9,249.

Item 3.  Controls And Procedures

The registrant's Principal executive officers and principal financial officer,
based on their evaluation of the registrant's disclosure controls and procedures
(as defined in Rules 13a-14 ( c ) of the Securities Exchange Act of 1934 ) as of
March 31, 2003 have concluded that the registrants' disclosure controls and
procedures are adequate and effective to ensure that material information
relating to the registrants and their consolidated subsidiaries is recorded,
processed , summarized and reported within the time periods specified by the
SEC' s rules and forms, particularly during the period in which this quarterly
report has been prepared.

The registrants' principal executive officers and principal financial officer
have concluded that there were no significant changes in the registrants'
internal controls or in other factors that could significantly affect these
controls subsequent to February 28, 2003 the date of their most recent
evaluation of such controls, and that there was no significant deficiencies or
material weaknesses in the registrant's internal controls.

PART II. OTHER INFORMATION

Item 6.  Exhibits And Reports On Form 8-K

(a)      Exhibits

         3.1      Articles of Incorporation of the Registrant (1)
         3.2      By-laws of the Registrant (1)
         99.1     Sec. 906 Certification of CEO
         99.2     Sec. 906 Certification of CFO

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

         (1)      Included as an Exhibit to Oxford Ventures, Inc.'s registration
                  statement on Form 10-SB filed on March 8, 2002

(b)      Reports on Form 8-K filed during the three months ended March 31, 2003.


         There have been no current reports on Form 8-K filed by the Registrant
for the three months ended March 31, 2003.

                                       9
<PAGE>

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Date:  May 14, 2002                                  Oxford Ventures, Inc.

                                                     /s/ Robert Harrison
                                                     ---------------------------
                                                     Robert Harrison
                                                     President



                                       10
<PAGE>

CERTIFICATIONS

I, Robert Harrison, certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of Oxford
         Ventures, Inc.;

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         have :

         (a)      Designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;
         (b)      Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  date"); and
         (c)      Presented in this annual report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         registrant's board of directors:

         (a)      All significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls, and
         (b)      Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls ; and

6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether there were significant changes in internal
         controls or in other factors that could significantly affect internal
         controls subsequent to the date of our most recent evaluation including
         any corrective actions with regard to significant deficiencies and
         material weaknesses.

Date : May 14, 2003


/s/ Robert Harrison
------------------------------------
Robert Harrison
President

                                       11