|  NEVADA                                                                    | 87-0324697                                   |
|---------------------------------------------------------------------------------|----------------------------------------------|
|  (State      or other jurisdiction of incorporation or organization)  |  (IRS      Employer Identification No.) |

| Large      accelerated filer o | Accelerated      filer o |
|--------------------------------|--------------------------|

| Non-acclerated      filer o | Smaller      reporting company x |
|-----------------------------|----------------------------------|

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----

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| C      O N T E N T S                                               |
|--------------------------------------------------------------------|
|                                                               |   |   |
|  Report of      Independent Registered Public Accounting Firm |   |  3 |
|                                                               |   |   |
|  Balance      Sheets                                          |   |  4 |
|                                                               |   |   |
|  Statements of      Operations                                |   |  5 |
|                                                               |   |   |
|  Statements of      Stockholders’ Equity (Deficit)      |   |  6 |
|                                                               |   |   |
|  Statements of      Cash Flows                                |   |  7 |
|                                                               |   |   |
|  Notes to the      Financial Statements                       |   |  8 |
|                                                               |   |   |

----

| NORTH      HORIZON, INC.                                        |   |
|-----------------------------------------------------------------|--------|
| (A      Development Stage Company)                              |   |
| Balance      Sheets                                             |   |
|                                                            |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |
| ASSETS                                                          |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |
|                                                            |   | March      31, |   |   | December      31, |   |
|                                                            |   | 2007 |   |   | 2007 |   |
|                                                            |   | (unaudited) |   |   |   |   |
|                                                            |   |   |   |   |   |   |
| CURRENT      ASSETS                                             |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |
| Cash                                                            |   | $ | - |   |   | $ | - |   |
|                                                            |   |   |   |   |   |   |   |   |
| Total      Current Assets                                       |   |   | - |   |   |   | - |   |
|                                                            |   |   |   |   |   |   |   |   |
| TOTAL      ASSETS                                               |   | $ | - |   |   | $ | - |   |
|                                                            |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY      (DEFICIT)             |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                        |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |
| Accounts      payable                                           |   | $ | - |   |   | $ | 1,500 |   |
| Related      party payable                                      |   |   | 13,594 |   |   |   | 3,410 |   |
|                                                            |   |   |   |   |   |   |   |   |
| Total      Current Liabilities                                  |   |   | 13,594 |   |   |   | 4,910 |   |
|                                                            |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY (DEFICIT)                             |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |
| Common      stock; 80,000,000 shares authorized,                |   |   |   |   |   |   |   |   |
|   at      $0.001 par value, 13,251,250 and 10,001,250 |   |   |   |   |   |   |   |   |
|   shares      issued and outstanding                  |   |   | 13,251 |   |   |   | 13,251 |   |
| Additional      paid-in capital                                 |   |   | 3,211,114 |   |   |   | 3,211,114 |   |
| Deficit      accumulated during the development stage           |   |   | (3,237,959 | ) |   |   | (3,229,275 | ) |
|                                                            |   |   |   |   |   |   |   |   |
| Total      Stockholders' Equity (Deficit)                       |   |   | (13,594 | ) |   |   | (4,910 | ) |
|                                                            |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS'                        |   |   |   |   |   |   |   |   |
|   EQUITY      (DEFICIT)                               |   | $ | - |   |   | $ | - |   |
|                                                            |   |   |   |   |   |   |   |   |

----

| NORTH      HORIZON, INC.           |   |
|------------------------------------|--------|
| (A      Development Stage Company) |   |
| Statements      of Operations      |   |
| (unaudited)                        |   |
|                               |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   | From |   |
|                               |   |   |   |   |   |   |   | January      1, 2002 |   |
|                               |   | For      the Three Months Ended |   |   | Through |   |
|                               |   | March      31, |   |   | March      31, |   |
|                               |   | 2008 |   |   | 2007 |   |   | 2008 |   |
|                               |   |   |   |   |   |   |   |   |   |
| REVENUES                           |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| EXPENSES                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| General      and                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   administrative         |   |   | 8,684 |   |   |   | 3,983 |   |   |   | 16,983 |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Expenses                |   |   | 8,684 |   |   |   | 3,983 |   |   |   | 16,983 |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS      FROM OPERATIONS          |   |   | (8,684 | ) |   |   | (3,983 | ) |   |   | (16,983 | ) |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| DISCONTINUED      OPERATIONS       |   |   | - |   |   |   | - |   |   |   | (3,220,976 | ) |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      LOSS                      |   | $ | (8,684 | ) |   | $ | (3,983 | ) |   | $ | (3,237,959 | ) |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC      LOSS PER SHARE          |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE              |   |   |   |   |   |   |   |   |   |   |   |   |
|   NUMBER      OF SHARES  |   |   |   |   |   |   |   |   |   |   |   |   |
|   OUTSTANDING            |   |   | 13,251,250 |   |   |   | 10,001,250 |   |   |   |   |   |
|                               |   |   |   |   |   |   |   |   |   |   |   |   |

----

| NORTH      HORIZON, INC.                          |   |
|---------------------------------------------------|--------|
| (A      Development Stage Company)                |   |
| Statements      of Stockholders' Equity (Deficit) |   |
| (unaudited)                                       |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   | Additional |   |   |   |   |   | Total |   |
|                                              |   | Common      Stock |   |   | Paid-In |   |   | Accumulated |   |   | Stockholders' |   |
|                                              |   | Shares |   |   | Amount |   |   | Capital |   |   | Deficit |   |   | Equity |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      January 1, 2002                     |   |   | 9,025,062 |   |   | $ | 9,025 |   |   | $ | 3,210,975 |   |   | $ | (3,220,000 | ) |   | $ | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   services      at $0.001 per share     |   |   | 976,188 |   |   |   | 976 |   |   |   | - |   |   |   | - |   |   |   | 976 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year ended                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   through      December 31, 2003        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (976 | ) |   |   | (976 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2003                   |   |   | 10,001,250 |   |   |   | 10,001 |   |   |   | 3,210,975 |   |   |   | (3,220,976 | ) |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year ended                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December      31, 2004                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2004                   |   |   | 10,001,250 |   |   |   | 10,001 |   |   |   | 3,210,975 |   |   |   | (3,220,976 | ) |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year ended                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December      31, 2005                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (250 | ) |   |   | (250 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2005                   |   |   | 10,001,250 |   |   |   | 10,001 |   |   |   | 3,210,975 |   |   |   | (3,221,226 | ) |   |   | (250 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year ended                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December      31, 2006                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2006                   |   |   | 10,001,250 |   |   |   | 10,001 |   |   |   | 3,210,975 |   |   |   | (3,221,226 | ) |   |   | (250 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   debt      at $0.001 per share         |   |   | 3,250,000 |   |   |   | 3,250 |   |   |   | 139 |   |   |   | - |   |   |   | 3,389 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year ended                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December      31, 2007                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,049 | ) |   |   | (8,049 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2007                   |   |   | 13,251,250 |   |   |   | 13,251 |   |   |   | 3,211,114 |   |   |   | (3,229,275 | ) |   |   | (4,910 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the three months                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   ended      March 31, 2008             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (8,684 | ) |   |   | (8,684 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      March 31, 2008                      |   |   | 13,251,250 |   |   | $ | 13,251 |   |   | $ | 3,211,114 |   |   | $ | (3,237,959 | ) |   | $ | (13,594 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| NORTH      HORIZON, INC.                           |   |
|----------------------------------------------------|--------|
| (A      Development Stage Company)                 |   |
| Statements      of Cash Flows                      |   |
| (unaudited)                                        |   |
|                                               |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   | From |   |
|                                               |   |   |   |   |   |   |   | January      1,2002 |   |
|                                               |   | For      the Three Months Ended |   |   | Through |   |
|                                               |   | March      31, |   |   | March      31, |   |
|                                               |   | 2008 |   |   | 2007 |   |   | 2008 |   |
|                                               |   |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM                               |   |   |   |   |   |   |   |   |   |
|   OPERATING      ACTIVITIES              |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |
| Net      loss                                      |   | $ | (8,684 | ) |   | $ | (3,983 | ) |   | $ | (3,237,959 | ) |
| Adjustments      to reconcile net loss to net cash |   |   |   |   |   |   |   |   |   |   |   |   |
|   used      by operating activities:     |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for services              |   |   | - |   |   |   | - |   |   |   | 976 |   |
| Changes      in operating assets and liabilities:  |   |   |   |   |   |   |   |   |   |   |   |   |
| Increase      in accounts payable                  |   |   | (1,500 | ) |   |   | 844 |   |   |   | - |   |
| Increase      in related party payables            |   |   | 10,184 |   |   |   | 3,139 |   |   |   | 16,983 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Used by                              |   |   |   |   |   |   |   |   |   |   |   |   |
|   Operating      Activities              |   |   | - |   |   |   | - |   |   |   | (3,220,000 | ) |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES          |   |   | - |   |   |   | - |   |   |   | - |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale      of common stock                          |   |   | - |   |   |   | - |   |   |   | 3,220,000 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Provided by                          |   |   |   |   |   |   |   |   |   |   |   |   |
|   Financing      Activities              |   |   | - |   |   |   | - |   |   |   | 3,220,000 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      DECREASE IN CASH                          |   |   | - |   |   |   | - |   |   |   | - |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      AT BEGINNING OF PERIOD                   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      AT END OF PERIOD                         |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| SUPPLIMENTAL      DISCLOSURES OF                   |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      FLOW INFORMATION                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      PAID FOR:                                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|        Interest                               |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Income      Taxes                                  |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| NON      CASH FINANCING ACTIVITIES:                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for debt                  |   | $ | - |   |   | $ | - |   |   | $ | 3,389 |   |

----

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----

|   | ▪ |     In      designing and evaluating the disclosure controls and procedures,      management recognizes that there are inherent limitations to the      effectiveness of any system of disclosure controls and procedures,      including the possibility of human errors and the circumvention or      overriding of the controls and procedures.  A control system, no      matter how well conceived and operated can provide only reasonable, not      absolute assurance, that the objectives of the control system are      met.  Further, the design of a control system must reflect the      fact that there are resource constraints and the benefits of control must      be considered relative to their costs.  Accordingly, even      effective disclosure controls and procedures can only provide reasonable      assurance of achieving their desired control      objectives.  Additionally in evaluating and implementing      possible controls and procedures management is required to apply its      reasonable judgment. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                      | North      Horizon, Inc. |                                                                     |
|---------------------------|--------------------------|--------------------------------------------------------------------------|
|                      |                     |                                                                     |   |
| Date:      April 24, 2008 | By:                      | /s/ Wallace      Boyack                                             |   |
|                      |                     | Wallace      Boyack                                                      |   |
|                      |                     | President, Chief      Executive Officer and Chief Financial Officer |   |
|                      |                     |                                                                     |   |
|                      |                     |                                                                     |   |
|                      | By:                      |  /s/ Wallace      Boyack                                       |   |
|                      |                     |  Wallace      Boyack                                                |   |
|                      |                     |  Chief      Financial Officer                                       |   |