<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                 Quarterly Report Under Section 13 or 15(d) of
                         Securities Exchange Act of 1934

                       For Period ended December 31, 2000
                         Commission File Number 0-30669

                           DEL CERRO ENTERPRISES, INC.
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                         <C>
                   NEVADA                               88-0453649
               ------------------                     ---------------
           (State of Incorporation)         (I.R.S. Employer Identification No.)
</TABLE>

            2635 Camino Del Rio South, Suite 211, San Diego, CA 92108
--------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (619) 692-2171
                               -------------------
              (Registrant's telephone number, including area code)


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

                                Yes [X]  No [ ]

Indicate the number of shares outstanding of each of the issuer's classes of
common stock at the latest practicable date.

As of December 31, 2000, the registrant had 8,449,000 shares of common stock,
$.001 par value, issued and outstanding.


<PAGE>   2


                           DEL CERRO ENTERPRISES, INC.
                                 BALANCE SHEETS

                                     ASSETS


<TABLE>
<CAPTION>
                                         DEC 31         SEPT 30
                                          2000           2000
<S>                                     <C>           <C>
CURRENT ASSETS
   CASH (on hand & in the bank)           777.38        1554.24

                                      -------------------------
TOTAL CURRENT ASSETS                      777.38        1554.24

FIXED ASSETS

                                      -------------------------
NET FIXED ASSETS                            0.00           0.00

OTHER ASSETS



                                      -------------------------
TOTAL OTHER ASSETS                          0.00           0.00

                                      -------------------------
TOTAL ASSETS                              777.38        1554.24
                                      =========================
</TABLE>


                      LIABILITIES AND STOCKHOLDERS' EQUITY


<TABLE>
<S>                                   <C>             <C>
CURRENT LIABILITIES

                                      -------------------------
TOTAL CURRENT LIABILITIES                   0.00           0.00

LONG TERM LIABILITIES

                                      -------------------------
TOTAL LONG TERM LIABILITIES                 0.00           0.00

                                      -------------------------
TOTAL LIABILITIES                           0.00           0.00

STOCKHOLDERS' EQUITY

     COMMON STOCK                       8,449.00       8,449.00
     PAID IN CAPITAL                    3,451.00       3,451.00

     BEGINNING RETAINED EARNINGS      -10,345.76      -6,000.00
     NET INCOME (LOSS)                   -776.86      -4,345.76

                                      -------------------------
     ENDING RETAINED EARNINGS         -11,122.62     -10,345.76

                                      -------------------------
TOTAL STOCKHOLDERS' EQUITY                777.38       1,554.24

                                      -------------------------
TOTAL LIAB & STOCKHOLDERS' EQUITY         777.38       1,554.24
                                      =========================
</TABLE>


<PAGE>   3


                           DEL CERRO ENTERPRISES, INC.
                                INCOME STATEMENTS


<TABLE>
<CAPTION>
                                                                                                       3/10/99
                                                                                                      (Inception)
                                            3 Months Ended    3 Months Ended       Year Ended             to
                                              12/31/00           12/31/99            9/30/00           12/31/00
<S>                                         <C>               <C>                  <C>                 <C>
REVENUE


                                            ----------------------------------------------------------------------
TOTAL REVENUE                                        0.00               0.00               0.00               0.00

DIRECT COSTS



                                            ----------------------------------------------------------------------
TOTAL COST OF GOODS SOLD                             0.00               0.00               0.00               0.00

                                            ----------------------------------------------------------------------
GROSS PROFIT                                         0.00               0.00               0.00               0.00

OPERATING EXPENSES

     MANAGEMENT FEES                                 0.00               0.00               0.00            6000.00
     GENERAL, SELLING & ADMINISTRATIVE             776.86               0.00           4,345.76           5,122.62

                                            ----------------------------------------------------------------------
TOTAL OPERATING EXPENSES                           776.86               0.00           4,345.76          11,122.62


                                            ----------------------------------------------------------------------
INCOME FROM OPERATIONS                            -776.86               0.00          -4,345.76         -11,122.62


OTHER INCOME & EXPENSE




                                            ----------------------------------------------------------------------
TOTAL OTHER INCOME & EXPENSE                         0.00               0.00               0.00               0.00

                                            ----------------------------------------------------------------------
INCOME BEFORE TAXES                               -776.86               0.00          -4,345.76         -11,122.62

  PROVISION FOR TAXES



                                            ----------------------------------------------------------------------
NET INCOME                                        -776.86               0.00          -4,345.76         -11,122.62
                                            ======================================================================

NET LOSS PER SHARE                                    NIL                NIL            -0.0005            -0.0013

WEIGHTED AVERAGE NUMBER OF COMMON               8,449,000          8,449,000          8,449,000          8,449,000
SHARES OUTSTANDING
</TABLE>


<PAGE>   4

FINANCIAL STATEMENTS (continued)

                           DEL CERRO ENTERPRISES, INC.
                             STATEMENT OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                                                         3/10/99
                                            3 Months       3 Months         Year          Year         (Inception)
                                             Ended          Ended           Ended         Ended            To
                                           12/31/2000     12/31/1999      9/30/2000     9/30/1999      12/31/2000
<S>                                         <C>            <C>            <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     NET LOSS                                -776.86           0.00       -4345.76       -6000.00       -11122.62

ADJ TO RECONCILE NET LOSS TO NET
CASH PROVIDED BY OPERATING ACTIVITIES
     ISSUE COMMON STOCK                         0.00           0.00           0.00        6000.00        6000.00


                                            --------------------------------------------------------------------
NET CASH USED IN OPERATING ACTIVITIES        -776.86           0.00       -4345.76           0.00       -5122.62

CASH FLOWS FROM INVESTING ACTIVITIES            0.00           0.00           0.00           0.00           0.00

CASH FLOWS FROM FINANCING ACTIVITIES            0.00           0.00           0.00        5900.00        5900.00


                                            --------------------------------------------------------------------
NET INCREASE (DECREASE)                      -776.86           0.00       -4345.76        5900.00         777.38

CASH BEGINNING OF PERIOD                     1554.24        5900.00        5900.00           0.00           0.00

                                            --------------------------------------------------------------------
CASH END OF PERIOD                            777.38        5900.00        1554.24        5900.00         777.38
</TABLE>


<PAGE>   5

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

1. MANAGEMENT'S OPINION

In the opinion of management, the accompanying financial statements contain all
adjustments necessary to present fairly the financial position of the company as
of December 31, 2000 and 1999, and the results of operations and the changes in
cash for the three months ended December 31, 2000 and 1999 and the years ended
September 30, 2000 and 1999 and the period of March 10, 1999 (inception) to
December 31, 2000. The accompanying financial statements have been adjusted as
of December 31, 2000 as required by Item 310 (b) of Regulation S-B to include
all adjustments which in the opinion of Management are necessary in order to
make the financial statements not misleading.

2. INTERIM REPORTING

The results of operations for the three months ended December 31, 2000 and 1999,
are not necessarily indicative of the results to be expected for the remainder
of the year.

3. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Organization and Nature of Operations

The Company was incorporated in Nevada on March 10, 1999. The Company is a
development stage company and has not conducted any business activities to date.

The Company has selected September 30th as its fiscal year end.

4. Basis of Accounting

The Company's policy is to use the accrual method of accounting and to prepare
and present financial statements which conform to generally accepted accounting
principles. The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and reported amounts of revenues and expenses during the reporting
periods. Actual results could differ from those estimates.

5. Cash and equivalents

For purpose of the statements of cash flows, all highly liquid investments with
a maturity of three months or less are considered to be cash equivalents. There
were no cash equivalents as of December 31, 2000.


<PAGE>   6

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

6. Income Taxes

Income taxes are provided for using the liability method of accounting in
accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109),
"Accounting for Income Taxes." A deferred tax asset or liability is recorded for
all temporary differences between financial and tax reporting. Deferred tax
expense (benefit) results from the net change during the year of deferred tax
assets and liabilities.

PART 1 FINANCIAL INFORMATION

Management's Plan of Operations

The Company maintains a cash balance sufficient to sustain corporate operations
until such time as Management can raise the funding necessary to advance its
business plan. The losses of $5123 through December 2000 were due to operating
expenses including licenses and fees, accounting and audit fees and office
expenses. Sales of the Company's equity securities have allowed the Company to
maintain a positive cash flow balance.

The Company's two year business plan encompasses the following steps to
implement its goals: during months one through six raise capital of $2,500,000
through the sale of common stock in a private placement; during months seven
through twelve budget $957,000 for development of its school to include $215,000
for five track vehicles and one pre-run van, $240,000 for one equipment hauler,
$80,000 for two full-time instructors, $30,000 for temporary track personnel,
$180,000 for facility rentals - including insurance and safety personnel,
$25,000 for one marketing manager, $17,000 for one office staff assistant,
$25,000 for purchase of computers and fixed assets, $75,000 for advertising,
$20,000 for travel expenses, and $50,000 for rent and other operating expenses.

The Company will only be able to advance its business plan after it receives
capital funding through the sale of equity securities. After raising capital,
Management intends to hire employees, rent commercial space in La Mesa,
California, purchase furniture and equipment, and begin development of its
operations. The Company intends to use its equity capital to fund the Company's
business plan during the next twelve months as cash flow from sales is not
estimated to begin until year two of its business plan. The Company will face
considerable risk in each of its business plan steps, such as difficulty of
hiring competent personnel within its budget, difficulty in securing track
facility rental, and a shortfall of funding due to the Company's inability to
raise capital in the equity securities market. If no funding is received during
the next twelve months, the Company will be forced to rely on its existing cash
in the bank and funds loaned by the directors and officers. The Company's
officers and directors have no formal commitments or arrangements to advance or
loan funds to the Company. In such a restricted cash flow scenario, the Company
would be unable to complete its business plan steps, and would, instead, delay
all cash intensive activities. Without necessary cash flow, the Company


<PAGE>   7

FINANCIAL STATEMENTS (continued)

NOTES TO FINANCIAL STATEMENTS

may be dormant during the next twelve months, or until such time as necessary
funds could be raised in the equity securities market.


PART II OTHER INFORMATION

ITEM 1 Not applicable.

ITEMS 2-4: Not applicable

ITEM 5: Information required in lieu of Form 8-K: None

ITEM 6: Exhibits and Reports on 8-K:

             a)     No reports on Form 8-K were filed during the fiscal quarter
                    ended December 31, 2000




                                   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.

        Del Cerro Enterprises, Inc.






                                  /s/ Rodger Ward
        Dated: February 5, 2001   -----------------------------------
                                  Rodger Ward
                                  President and Chief Executive Officer