Form 10-QSB - Page 1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-QSB

(mark one)

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

              For the quarterly period ended April 30, 2003

                                       or

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

                          Commission file number 011991

                           THE ENCHANTED VILLAGE, INC.
             (Exact name of registrant as specified in its charter)

                       Delaware                       30-0091294
            (State or other jurisdiction of        (I.R.S. Employer
            incorporation or organization)        Identification No.)

                        1407 North Fort Harrison, Suite F
                            Clearwater, Florida 33755
                    (Address of principal executive offices)

                                 (727) 469-8691
              (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  [   ]

       After giving effect to the restructuring described in the registrant's
Schedule 14C Information Statement dated February 10, 2003, the number of shares
of common stock outstanding on May 23, 2003 was 772,500.

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



<PAGE>
<TABLE>
<CAPTION>


                                TABLE OF CONTENTS


<S>  <C>                                                                                                      <C>
PART I        FINANCIAL INFORMATION                                                                          PAGE

ITEM 1        Financial Statements

              Balance Sheet as of April 30, 2003 and 2002                                                      3

              Statement of Operations for the three-month periods
                 ended April 20, 2003 and 2002                                                                 4

              Statement of Changes in Stockholders Equity for the
                 three-month periods ended April 20, 2003 and 2002                                             5

              Statement of Cash Flow for the for the three-month periods
                 ended April 20, 2003 and 2002                                                                 7

              Notes to Financial Statements                                                                    8

ITEM 2        Management's Discussion and Analysis or Plan of Operation                                       11

ITEM 3        Controls and Procedures                                                                         12

PART II       OTHER INFORMATION                                                                               12

ITEM 2        Changes in Securities                                                                           12

ITEM 4        Submission of Matters to a Vote of Security Holders                                             13

ITEM 6        Exhibits and Reports on Form 8-K                                                                13

              SIGNATURES                                                                                      14
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                           THE ENCHANTED VILLAGE, INC.
                               Balance Sheet as of
                          April 30 and January 31 2003


                                                       ASSETS
                                                                                        April 30,          January 31,
                                                                                          2003                2003
                                                                                       (Unaudited)          (Audited)
<S>                                                                                  <C>                 <C>
Cash                                                                                     $    90             $    75
                                                                                        ---------           -------
Total assets                                                                             $    90             $    75
                                                                                        =========           =======

                                         LIABILITIES & STOCKHOLDER'S EQUITY

Accounts payable and accrued expenses                                                   $  18,500           $     -
Accounts payable, legal counsel                                                         $  90,775           $  75,700
Accounts payable, related parties                                                       $  99,599           $  48,964
Total current liabilities                                                               $  208,874          $  124,664
                                                                                       ------------         ----------
Total Liabilities                                                                     $  208,874            $  124,664
                                                                                       ============         ==========

Preferred Stock
 1,000,000 shares of $1.00 par value stock authorized and
  300,000 shares outstanding at January 31, 2003
 5,000,000 shares of $0.002 par value stock authorized and                                $     -          $  300,000
  no shares outstanding at April 30, 2003
Class A Common Stock
 10,000,000 shares of $0.002 par value stock authorized and
  5,228,333 shares outstanding at January 31, 2003
 No shares authorized or outstanding at April 30, 2003                                    $     -           $   8,857
Common Stock
 15,000,000 shares of $0.002 par value stock authorized and
  10,668,333 shares outstanding at January 31, 2003
 50,000,000 shares of $0.002 par value stock authorized and                             $   1,545           $  21,337
  772,500 shares outstanding at April 30, 2003
Additional paid-in capital                                                             $  271,827         $  (56,822)
Retained Earnings (Deficit)                                                          $  (482,156)        $  (397,961)
                                                                                     -------------       ------------

Total stockholders' equity                                                           $  (208,784)        $  (124,589)
                                                                                     =============       ============

Total Liabilities and Stockholders Equity                                                $    90             $    75
                                                                                         =========           =======


</TABLE>







                            The accompanying footnotes are an integral part of
these financial statements.


<PAGE>


                           THE ENCHANTED VILLAGE, INC.
                        Statements of Operations for the
                            Three-month periods ended
                             April 30, 2003 and 2002

                                             Three-months ended April 30,

                                              2003                  2002
Revenue                                       $     -              $     -
Administrative fees                           $  15,000            $     -
Officers and directors fees                   $  30,150            $     -
Stockholder meeting costs                     $  22,825            $     -
Professional fees                             $  15,075            $     -
General and administrative                   $   1,145             $     -
                                             ---------- -          -------
Total expense                                $  84,195             $     -
                                             ========== =          =======

Net (loss)                                  $  (84,195)            $     -
                                            =========== =          =======

Net (loss) per share                         $   (0.11)            $  0.00
                                             ========== =          =========

Number of shares used in calculation of
 net (los)  per share                           772,500             451,342



                            The accompanying footnotes are an integral part of
these financial statements.


<PAGE>

<TABLE>
<CAPTION>

                           THE ENCHANTED VILLAGE, INC.
                  Statement of Changes in Stockholders' Equity
                     For the year ended January 31, 2003 and
                      The three months ended April 30, 2003

                   (Part I, Changes in Securities Outstanding)


                                         Common Stock              Class A Common Stock            Preferred Stock
             Amount                 Shares     Amount             Shares     Amount             Shares         Amount
---------------------------------------------------------------------------------------------------------------------------
<S>              <C> <C>              <C>            <C>            <C>             <C>             <C>          <C>
Balance, January 31, 2002             5,228,333      $  10,457      1,767,550       $  3,535        164,450      $ 164,450
===========================================================================================================================

Sale of stock to Stirling for
cash and meeting costs                9,600,000      $  19,200      1,400,000       $  2,800

Conversion of Preferred Stock
into Class A Common Stock                                           2,661,066       $  5,322       (64,825)     $ (64,825)

Issuance of Preferred Stock for
Common Stock, Class A Common
Stock and accrued compensation
payable                             (4,160,000)     $  (8,320)    (1,400,000)     $  (2,800)        200,375      $ 200,375

Net loss

---------------------------------------------------------------------------------------------------------------------------
Balance, January 31, 2003            10,668,333      $  21,337      4,428,616       $  8,857        300,000      $ 300,000
===========================================================================================================================

Reclassification of Class A
Common Stock                          4,428,616       $  8,857    (4,428,616)     $  (8,857)

Reclassification of Preferred
Stock                                12,315,000      $  24,630                                    (300,000)    $ (300,000)

Reverse stock split                (14,324,449)     $ (53,279)

Net loss

---------------------------------------------------------------------------------------------------------------------------
Balance, April 30, 2003                 772,500                                       $    -                        $    -
                                                      $  1,545              -                             -
===========================================================================================================================

</TABLE>


                            The accompanying footnotes are an integral part of
these financial statements.


<PAGE>

<TABLE>
<CAPTION>

                           THE ENCHANTED VILLAGE, INC.
                  Statement of Changes in Stockholders' Equity
                     For the year ended January 31, 2003 and
                      The three months ended April 30, 2003

                   (Part II, Changes in Stockholders' Equity)


                                                    Total                      Additional                     Total
                                                  Par Value                      Paid-in    Accumulated    Stockholders
             Amount                             (from Part I)                    Capital        Deficit        Equity
---------------------------------              ----------------              ----------------------------------------------
<S>              <C> <C>                             <C>                              <C>       <C>                 <C>
Balance, January 31, 2002                            $ 178,442                        $    -    $ (178,442)         $    -
=================================              ================              ==============================================

Sale of stock to Stirling for
cash and meeting costs                               $  22,000                      $  8,000                     $  30,000

Conversion of Preferred Stock
into Class A Common Stock                           $ (59,503)                     $  59,503                        $    -

Issuance of Preferred Stock for
Common Stock, Class A Common
Stock and accrued compensation
payable                                              $ 189,255                   $ (124,325)                     $  64,930

Net loss                                                                                        $ (219,519)    $ (219,519)

---------------------------------              ----------------              ----------------------------------------------
Balance, January 31, 2003                            $ 330,194                    $ (56,822)    $ (397,961)    $ (124,589)
=================================              ================              ==============================================

Reclassification of Class A
Common Stock                                                                                                        $    -

Reclassification of Preferred
Stock                                              $ (275,370)                     $ 275,370                        $    -

Reverse stock split                                 $ (53,279)                     $  53,279                        $    -

Net loss                                                                                         $ (84,195)     $ (84,195)

---------------------------------              ----------------              ----------------------------------------------
Balance, April 30, 2003                               $  1,545                     $ 271,827    $ (482,156)    $ (208,784)
=================================              ================              ==============================================

</TABLE>


                            The accompanying footnotes are an integral part of
these financial statements.


<PAGE>

<TABLE>
<CAPTION>

                           THE ENCHANTED VILLAGE, INC.
                         Statements of Cash Flow for the
                            Three-month periods ended
                             April 30, 2003 and 2002


                                                                                 Three-months ended April 30,
                                                                         ---------------------------------------------
                                                                                  2003                   2002
Operating activities

<S>                                                                                    <C>                 <C>
 Net income for the period                                                             $ (84,195)          $     -

Adjustments to reconcile net income to cash used in operating activities
 Increase (decrease) in accounts payable and accrued expenses                          $  18,500
 Increase (decrease) in accounts payable, legal counsel                                $  15,075
 Increase (decrease) in accounts payable, related parties                              $  50,635           $     -
                                                                                     ---------- -         -------
 Cash provided by (used in) operating activities                                       $  84,210           $     -

Increase in cash                                                                       $      15           $     -

Cash, beginning of period                                                              $      75           $     -
                                                                                        --------           -------

Cash, end of period                                                                     $    90            $     -
                                                                                        ========           =======
                            The accompanying footnotes are an integral part of
these financial statements.

</TABLE>

<PAGE>


                           THE ENCHANTED VILLAGE, INC.
                        Footnotes to Financial Statements


1.      HISTORY

       THE ENCHANTED VILLAGE, INC. was incorporated in Delaware in March 1982.
In July 1983, the company completed an initial public offering of Common Stock
that was registered on Form S-18. In May 1984 the company filed a Form 8-A for
the purpose of registering its' Common Stock under the Securities Exchange Act
of 1934 (the "Exchange Act"). In April 1986, the company completed a second
public offering of Class A Common Stock and Convertible Series A Preferred Stock
that was registered on Form S-1.

       The company's business was conducted through of a chain of 15 retail
stores that sold educational toys and related goods and services. After
encountering financial difficulties, the company filed a voluntary petition
under Chapter 11 of the Bankruptcy Act on April 24, 1987 in the U.S. Bankruptcy
Court for the Eastern District of New York, (case no. 887-70613-20). On May 11,
1988, the company's voluntarily converted its' Chapter 11 case into a case in
Chapter 7, which resulted in the orderly liquidation of the company's business.
As a result of the conversion of the company's reorganization to a case under
Chapter 7, all of the company's properties were transferred to the trustee on
May 11, 1988 and the company terminated all of its' business operations. The
company's Chapter 7 case was closed by an order of the Court on April 14, 1992
and the trustee was discharged.

       While the former management did not file a Form 15 to terminate the
company's reporting obligations under the Exchange Act, the company did not file
any of the documents or reports required by Sections 13 or 15(d) of the Exchange
Act between May 1988 and July 2002. As a result, the company remained subject to
the reporting requirements of the Exchange Act but was delinquent in its SEC
reporting obligations. Since, the company did not file franchise tax returns
with or pay any franchise taxes to the State of Delaware during the pendancy of
its bankruptcy case, the company's Certificate of Incorporation was revoked by
order of the Secretary of State of the State of Delaware on March 1, 1989.

2       RESTORATION OF CORPORATE STATUS

       On April 18, 2002, Karen H. Mounts and Stirling Corporate Services, LLC
("Stirling"), commenced a civil action in the Delaware Court of Chancery
demanding an annual meeting of the stockholders under ss.211 of the General
Corporation Law of Delaware. On May 20, 2002, the Court of Chancery granted the
requested order and an annual meeting of the company's stockholders was called
and held on June 18, 2002 for the sole purpose of electing a new board of
directors.

       In connection with the Court ordered meeting, the stockholders elected
three new directors who assumed office immediately after the meeting. The
following table identifies the newly elected directors of the company:

              Name                          Age                   Residence
       Sally A. Fonner                      53                Dunedin, Florida
       Michael Manion                       52                Apopka, Florida
       Robert R. Williams                   72                Bowie, Maryland

       Upon election, the new board of directors voted to:

o      Revive the company's charter in accordance with Delaware law; and

o Amend the company's by laws to permit a single member board of directors.

       Immediately thereafter, Messrs. Manion and Williams resigned from the
board and Ms. Fonner, acting as the company's sole remaining director, took the
following actions:

o             She determined that it was in the best interest of the company and
              its stockholders to sell 9,600,000 shares of common stock and
              1,400,000 shares of Class A Common Stock to Stirling for a total
              consideration of $30,000, consisting of $6,724 in cash and a
              release of Stirling's claims for $23,276 in out-of-pocket costs
              associated with obtaining the Court order and holding the
              stockholders meeting;
                           THE ENCHANTED VILLAGE, INC.
                        Footnotes to Financial Statements


2.      RESTORATION OF CORPORATE STATUS--continued

o             She determined that it was in the best interest of the company and
              its stockholders to file all reports and other documents necessary
              to bring the company into compliance with respect to its reporting
              obligations under the Exchange Act;

o             She determined that it was in the best interest of the company and
              its stockholders to develop a plan to reorganize the company as a
              public shell that will subsequently seek to engage in a merger or
              other business combination with a private company that wants to
              become publicly held.

       A Certificate of Revival and Restoration of the company's Certificate of
Incorporation was filed with the Secretary of State of the State of Delaware on
June 27, 2002. As a result, the company is now duly organized, validly existing
and in good standing under the laws of the State of Delaware. This report on
Form 10-K as of May 11, 1988 and for the fiscal years ended January 31, 1988
through January 31, 2002 has been filed for the purpose of bringing the company
current with respect to its Exchange Act reporting obligations.

3.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       Use of Estimates

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

       Fiscal Year

       The Company's fiscal year begins on February 1 and ends on January 31 of
each year.

       Net Income (Loss) Per Common Share

     The Company  computes net income (loss) per common share in accordance with
Statement of Financial  Accounting  Standards  ("SFAS") No. 128,  "Earnings  Per
Share"  and SEC Staff  Accounting  Bulletin  No. 98 ("SAB  No.  98").  Under the
provisions  of SFAS No. 128 and SAB No. 98,  basic net income  (loss) per common
share  ("Basic  EPS") is computed by dividing net income  (loss) by the weighted
average number of common shares outstanding.

       The Company's net income (loss) per common share has been calculated on
the basis of 900,000 shares issued and outstanding, which gives retroactive
effect to a reverse stock split implemented in March 2003 and the subsequent
issuance of 127,500 shares of common stock in compensatory transactions.

       Income Taxes

       Income taxes are accounted for in accordance with SFAS No. 109,
"Accounting for Income Taxes." Under this method, deferred income taxes are
determined based on differences between the tax bases of assets and liabilities
and their financial reporting amounts at each year-end, and are measured based
on enacted tax rates and laws that will be in effect when the differences are
expected to reverse. Valuation allowances are established, when necessary, to
reduce deferred tax assets to the amount expected to be realized.



<PAGE>


                           THE ENCHANTED VILLAGE, INC.
                        Footnotes to Financial Statements


4.     RELATED PARTY TRANSACTIONS

       During the three months ended April 30, 2003 Stirling paid $5,635 in out
of pocket operating costs on the Company's behalf and the Company accrued
$15,000 in administrative fees and $30,000 in officer and director's fees. The
operating expense accruals for related party fees will not be payable until the
Company completes a business combination transaction with a private company. In
addition to the accrued cash compensation, the Company is obligated to issue
15,000 shares of common stock to Ms. Fonner as compensation for services
rendered during the three months ended April 30, 2003.

5.     CAPITAL STOCK

       The Company's Certificate of Incorporation authorizes the issuance of
50,000,000 shares of Common Stock. The Company's Board of Director's has the
power to issue any or all of the authorized but unissued Common Stock without
stockholder approval. The Company currently has no commitments to issue any
shares of Common Stock; however, the Company will, in all likelihood, issue a
substantial number of additional shares in connection with a Business
Combination. To the extent that additional shares of Common Stock are issued,
dilution to the interests of the Company's stockholders participating in the
Proposed Offering will occur.

       The Board of Directors of the Company is empowered, without stockholder
approval, to issue up to 5,000,000 shares of "blank check" preferred stock (the
"Preferred Stock") with dividend, liquidation, conversion, voting or other
rights that could adversely affect the voting power or other rights of the
holders of the Company's Common Stock. There are no shares of preferred stock
issued or outstanding.

6.     CAPITAL RESTRUCTURING

       On January 31, 2003 the outstanding equity securities of the company
included:

       Common Stock                                10,668,333 shares
       Class A Common Stock                         4,428,616 shares
       Convertible Series A $25 Preferred Stock       300,000 shares

       On January 31, 2003, after giving effect to the anti-dilution provisions
of the certificate of designations for the preferred stock, each share of
preferred stock was convertible into 41.05 shares of Class A Common Stock.

       On March 3, 2003, Stirling and Ms. Fonner approved certain amendments to
the Company's Certificate of Incorporation by written consent, including:

o      Increasing the Company's authorized capital stock to 50,000,000 shares
       of Common Stock and 5,000,000 shares of preferred stock;

o      Reclassifying the Company's outstanding Class A Common as Common Stock;

o      Reclassifying the Company's outstanding Preferred Stock as Common Stock;

o      Implementing a reverse split in the ratio of one (1) new share for
       each 4,000 shares of Common Stock outstanding after the
       reclassification of the Class A Common and Preferred Stock; and

o      Implementing a 100 for 1 forward split of the common stock outstanding
       immediately after the implementation of the reverse split.

       At May 23, 2003, the date of this report, the Company had a total of
772,500 shares of common stock outstanding and was obligated to issue 127,500
shares of common stock in compensatory transactions.


<PAGE>


ITEM 2.       MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Financial Condition and Results of Operations

       As a result of our prior Bankruptcy, our company had no assets,
liabilities, or ongoing operations and did not engage in any business activities
between May 11, 1988 and July 2, 2002. Our company had no operations during the
fourteen years ended June 30, 2002 and it had no material assets or liabilities
on June 30, 2002.

       During the fiscal year ended January 31, 2003, a meeting of our
stockholders was called and held, our corporate charter was restored and we
filed certain delinquent reports with the SEC to bring our company current with
respect to its reporting obligations. Immediately after the meeting, Stirling
purchased 9,600,000 shares of Common Stock and 1,400,000 shares of Class A
Common for total cash consideration of $30,000, consisting of $6,724 in cash and
$23,276 in reimbursable out-of-pocket costs associated with obtaining the Court
order and holding the stockholders meeting. Our net loss for the fiscal year
ended January 31, 2003 was ($219,519).

       We were inactive during the three months ended April 30, 2002. Our net
loss for the three months ended April 30, 2003 was ($84,195). The principal
components of our net loss were:

o             $22,825 in costs associated with distributing our Schedule 14C
              Information Statement to stockholders and implementing the capital
              restructuring described in the Information Statement;

o      $45,150 in administrative fee and executive compensation accruals;

o      $15,075 in professional fee accruals; and

o      $1,145 in general and administrative expenses.

       During the three months ended April 30, 2003 Stirling paid $5,635 in out
of pocket operating costs on our behalf and we accrued $15,000 in administrative
fees and $30,000 in officer and director's fees. In addition to the accrued
compensation, we are obligated to issue 15,000 shares of common stock to Ms.
Fonner as compensation for services rendered during the three months ended April
30, 2003. The operating expense accruals for related party fees will not be
payable until we complete a business combination transaction with a private
company.

       We expect to incur substantial additional expenses in connection with the
preparation of our future SEC reports and the implementation of the business
plan described in our Schedule 14C Information Statement. Stirling, our legal
counsel and most of the advisors who will provide services for our company have
agreed to carry the bulk of their billings as accounts receivable until we
negotiate and close a business combination agreement.

Plan of Operations

       We recently implemented a corporate restructuring as more fully described
in an Information Statement Pursuant to Regulation 14C which was filed with the
SEC and mailed to our stockholders in February 2003. We intend to seek an
acquisition of assets, property or business that may benefit our company and its
stockholders. Because we have no substantial financial resources, our management
team believes we will be required to issue equity securities as the sole
consideration for such an acquisition.

       During the next twelve months, we will accrue $20,000 per month in
administration fees, executive compensation and legal fees. All of these
accruals will be carried as open accounts payable until we enter into a business
combination with a private company. We are unlikely to enter into a business
combination with a potential target that is unwilling to pay all or at least a
substantial portion of the accrued compensation.

       During the next twelve months, we will issue 5,000 shares of common stock
per month to Ms. Fonner and 2,500 shares of common stock per month to legal
counsel in compensatory transactions.

       Our principal cash requirements for the next 12 months will be our
out-of-pocket general and administrative expenses, which are expected to average
approximately $1,500 per month, and the extraordinary costs associated with
investigating potential acquisitions. Stirling intends to advance sufficient
funds to allow our company to pay its anticipated cash operating expenses. We
intend to request a reasonable due diligence fee before we commence a detailed
investigation of an acquisition opportunity. We may also attempt to raise
additional capital through a private placement to accredited investors. Since we
have not identified any potential targets as of the date of this Form 10-QSB, it
is impossible to predict whether additional capital may be required during the
next 12 months.

       We have no specific plans to offer or sell any securities for cash.
However, we may decide to engage in such activities in the future. In such an
event, we will probably sell securities for cash in a private placement
transaction because Rule 419 severely restricts the ability of blank check
companies to offer registered securities for cash and use the proceeds of such
an offering in their business. Since we are not currently conducting a
registered offering of securities, and do not intend to conduct any such
offering in the foreseeable future, our management team does not believe that
Rule 419 will become applicable in the foreseeable future.

ITEM 3  CONTROLS AND PROCEDURES

       As of May 12, 2003, an evaluation was completed under the supervision and
with the participation of the Company's management, including the Company's
President and Chief Financial Officer, of the effectiveness of the design and
operation of the Company's disclosure controls and procedures. Based on that
evaluation, the Company's management including the President and Chief Financial
Officer, concluded that the Company's disclosure controls and procedures were
effective as of May 12, 2003. There have been no significant changes to the
Company's internal controls or other factors that could significantly affect
internal controls subsequent to May 12, 2003.

PART II       OTHER INFORMATION

ITEM 1.       LEGAL PROCEEDINGS

              NONE

ITEM 2.       CHANGES IN SECURITIES

       On March 7, 2003, we filed two amendments to our certificate of
incorporation. The first amendment to our certificate of incorporation
implemented the following changes in our securities:

o      It increased our authorized capital stock to 50,000,000 shares of $.002
       par value common stock and 5,000,000 shares of $.002 par value preferred
       stock;

o      It reclassified Four Million, Four Hundred Twenty-Eight Thousand,
       Six Hundred and Sixteen (4,428,616) shares of our issued and
       outstanding Class A Common as Common Stock;

o      It reclassified Three Hundred Thousand (300,000) shares of our issued
       and outstanding Preferred Common as Common Stock; and

o       It implemented a reverse split in the ratio of one (1) new share
        for each 4,000 shares of Common Stock outstanding after the
        reclassification of the Class A Common and Preferred Stock.

       No fractional shares were issued in connection with the reverse split and
all calculations that would have resulted in the issuance of a fractional share
were rounded up to the next whole share. Upon completion of the reverse split,
we had a total of Seven Thousand, Seven Hundred and Twenty-Five (7,725) shares
of $0.002 par value Common Stock outstanding.

       The second amendment to our certificate of incorporation implemented a
100 for 1 forward split of the common stock outstanding immediately after the
implementation of the reverse split. As a result, we have a total of 772,500
shares of common stock issued and outstanding at the date of this report.

ITEM 3.       DEFAULTS ON SENIOR SECURITIES

              NONE

ITEM 4.       SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

       On March 3, 2003, Ms. Fonner and Stirling, who collectively owned
5,440,050 shares of Common Stock and 200,375 shares of Preferred Stock consented
in writing to a series of amendments to our Certificate of Incorporation that
were sequentially adopted for the purpose of:

o      Increasing our authorized capital stock to 50,000,000 shares of Common
       Stock and 5,000,000 shares of preferred stock;

o      Reclassifying our outstanding Class A Common as Common Stock;

o      Reclassifying our outstanding Preferred Stock as Common Stock;

o             Implementing a reverse split in the ratio of one (1) new share for
              each 4,000 shares of Common Stock outstanding after the
              reclassification of the Class A Common and Preferred Stock; and

o      Implementing a 100 for 1 forward split of the common stock outstanding
       immediately after the implementation of the reverse   split.

       Concurrently, Ms. Fonner and Stirling consented in writing to the
following corporate actions that did not involve an amendment to our Certificate
of Incorporation:

o      Ratifying the adoption of amended and restated by-laws that expressly
       authorize a single-member board of directors; and

o      Ratifying the selection of Want & Ender CPA PC, as our independent
       auditors for the current year.

       As a result, we have 772,500 shares of common stock and no other
securities outstanding at the date of this report. All record holders of our
common stock own at least 100 shares.

ITEM 5.       OTHER INFORMATION

              NONE

ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K

              (a)     EXHIBITS

                      3.1      Amendment to Certificate of Incorporation of
                               The Enchanted Village Inc. dated March 7, 2003

                      3.2      Amendment to Certificate of Incorporation of
                               The Enchanted Village Inc. dated March 7, 2003

                      99.1   Statement of Chief Executive Officer and Chief
                             Financial Officer Pursuant to Section 1350 of
                             Title 18 of the United States Code

(b)    REPORTS ON FORM 8-K

                      NONE



<PAGE>


                                   SIGNATURES

       Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                 The Enchanted Village, Inc.

                                     /s/Sally Fonner

                                 Sally A. Fonner
                                 Chief Executive Officer and
                                 Chief Financial Officer
                                 Dated: May 23, 2003


<PAGE>


          CERTIFICATION OF CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICER


I Sally A. Fonner, Chief Executive Officer and Chief Financial Officer of
 The Enchanted Village, Inc. certify that:

1.       I have reviewed this quarterly report on Form 10-QSB of The Enchanted
         Village, Inc.;

2.       Based on my knowledge, this 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 annual report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this 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 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
         we 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 annual 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
         annual report (the "Evaluation Date"); and

c)       presented in this 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
         audit committee of registrant's board of directors (or persons
         performing the equivalent function):

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
         report whether or not 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.


             /s/ Sally A. Fonner
Sally A. Fonner, Chief Executive Officer
May 23, 2003