U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  x
        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended July 31, 2005  [
        ]
        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934  For the transition period from  Commission File No. 000-50814  Edmonds 1 Inc. (Exact name of small business issuer as specified in its charter)  Delaware(State or other jurisdiction of
incorporation or organization)
        (I.R.S. Employer Identification No.)  300 Park Avenue #1700 New York, New York 10022 (Address of Principal Executive Offices)  212/572-6236 (Issuers telephone number)  (Former name, address and fiscal year, if changed since last report)  Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNo o  Check whether the registrant has filed all documents and reports required to be
filed by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the
distribution of securities under a plan confirmed by a court. YesxNo o  State the number of shares outstanding of each of the issuers classes of common equity, as of September 9, 2005:  100,000 shares of common stock.      Edmonds 1, Inc.

(a development stage company)



FINANCIAL STATEMENTS



INDEX



Part I-- FINANCIAL INFORMATION



Item 1. Financial Statements



Item 2. Managements Discussion and Analysis of Financial Condition



Item 3. Control and Procedures



Part II-- OTHER INFORMATION



Item 1. Legal Proceedings



Item 2. Changes in Securities



Item 3. Defaults Upon Senior Securities



Item 4. Submission of Matters to a Vote of Security Holders



Item 5. Other Information



Item 6. Exhibits and Reports on Form 8-K



Signature







Item 1. Financial Information



BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. 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 only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the nine months ended July 31, 2005 are not necessarily indicative of results that maybe expected for the year ending October 31, 2005. The financial statements are presented on the accrual basis.





EDMONDS 1, INC.



QUARTERLY REPORT ON FORM 10-QSB

FOR THE QUARTER ENDED JULY 31, 2005





FINANCIAL INFORMATION



Item1. Financial Statements.



EDMONDS 1, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEET

July 31, 2005

(Unaudited)




ASSETSCurrent AssetsCash
        $
        0Accounts receivable, netNotes receivableMarketable securitiesOtherTotal Current Assets
        $
        0TOTAL ASSETSLIABILITIES AND STOCKHOLDERS EQUITYCurrent LiabilitiesAccrued expenses
        $
        1250Total Current Liabilities
        $
        1250TOTAL LIABILITIES
        $
        1250Stockholders EquityCommon stock, $.0001 par value, 100,000,000 shares authorized, 100,000 shares issued and outstanding
        
        10Additional paid in capital
        
        90Accumulated deficit
        
        (1350)TOTAL STOCKHOLDERS EQUITY
        
        (1250)TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
        $
        0

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





EDMONDS 1, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

THREE AND NINE MONTHS ENDED JULY 31, 2005 AND

PERIOD FROM INCEPTION (August 19, 2004) THROUGH JULY 31, 2005

(Unaudited)




Three Months
Ended July 31,
2005
        
        Nine Months
Ended July 31,
2005
        
        Inception
Through
July 31,
2005REVENUESSales
        $
        0
        
        0
        
        0Cost of SalesGROSS PROFIT
        
        0
        
        0
        
        0General and administrative Expenses
        
        250
        
        750
        
        1350NET LOSSAccumulated deficit, beginning balance
        
        0
        
        0
        
        0Accumulated deficit, ending balance
        $
        (250)
        
        (750)
        
        (1350)NET EARNINGS PER SHAREBasic earnings per shareNet loss per share
        
        
        
        (Less than .01)Basic weighted averageNumber of common shares Outstanding
        
        
        
        100,000



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











EDMONDS 1, INC.

(a development stage company)

STATEMENT OF STOCKHOLDERS EQUITY

From inception (August 19, 2004) through July 31, 2005






SHARES
        
        COMMON
STOCK
        
        ADDITIONAL
PAID IN
        
        ACCUMULATED
DEFICIT
        
        TOTALStock issued on acceptance of incorporation expenses
August 19, 2004
        100,000
        $
        10
        $
        90
        $
        0
        $
        100Net loss
        -
        
        -
        
        -
        
        (600)
        
        (600)Total at October 31, 2004
        100,000
        $
        10
        $
        90
        $
        (600)
        
        (500)Net Loss
        -
        
        -
        
        -
        
        (500)
        
        (500)Total at July 31, 2005
        100,000
        $
        10
        $
        90
        $
        (1,350)
        $
        (1,250)





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







EDMONDS 1, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CASH FLOWS

NINE MONTHS ENDED JULY 31, 2005 AND

PERIOD FROM INCEPTION (August 19, 2004) THROUGH JULY 31, 2005

(Unaudited)




Nine Months
Ended July 31,
2005
        
        Inception
Through July 31,
2005CASH FLOWS FROM OPERATING  ACTIVITIESNet income (loss)
        $
        (750)
        $
        (1,350)Compensation in the form of stock
        
        0
        
        100Increase (Decrease) in accrued expenses
        
        750
        
        1,350NET CASH PROVIDED OR (USED) IN OPERATIONS
        
        0
        
        0CASH FLOWS FROM INVESTING ACTIVITIES
        
        0
        
        0CASH RECONCILIATIONNet increase (decrease) in cash
        
        0
        
        0Beginning cash balance
        
        0
        
        0CASH BALANCE AT END OF PERIOD
        $
        0
        $
        0

NOTES TO FINANCIAL STATEMENTS



Note 1 - BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. 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 only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended July 31, 2005 are not necessarily indicative of results that may be expected for the year ending October 31, 2005. The financial statements are presented on the accrual basis.









Item 2.
        Managements Discussion and Analysis of Financial Conditions and Results of Operations

Plan of Operation



The Registrant is continuing its efforts to locate a merger Candidate for the purpose of a merger. It is possible that the registrant will be successful in locating such a merger candidate and closing such merger. However, if the registrant cannot effect a non-cash acquisition, the registrant may have to raise funds from a private offering of its securities under Rule 506 of Regulation D. There is no assurance the registrant would obtain any such equity funding.



Results of Operation



The Company did not have any operating income from inception (August 19, 2004) through July 31, 2005, the registrant recognized a net loss of $1,350. Some general and administrative expenses from inception were accrued. Expenses from inception were comprised of costs mainly associated with legal, accounting and office.



Liquidity and Capital Resources



At July 31, 2005 the Company had no capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses pending acquisition of an operating company.



Management anticipates seeking out a target company through solicitation. Such solicitation may include newspaper or magazine advertisements, mailings and other distributions to law firms, accounting firms, investment bankers, financial advisors and similar persons, the use of one or more World Wide Websites and similar methods. No estimate can be made as to the number of persons who will be contacted or solicited. Management may engage in such solicitation directly or may employ one or more other entities to conduct or assist in such solicitation. Management and its affiliates will pay referral fees to consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest. Payments are made if a business combination occurs, and may consist of cash or a portion of the stock in the Company retained by management and its affiliates, or both.



The Company and or shareholders will supervise the search for target companies as potential candidates for a business combination. The Company and or shareholder may pay as their own expenses any costs incurred in supervising the search for a target company. The Company and or shareholders may enter into agreements with other consultants to assist in locating a target company and may share stock received by it or cash resulting from the sale of its securities with such other consultants.









Item 3. Controls and Procedures




(a)
        Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the

Certifying Officers) maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officers evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)]under the Exchange Act) within 90 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officers concluded that our disclosure controls and procedures are effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC.




(b)
        Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.




PART II - OTHER INFORMATION




Item 1.
        Legal Proceedings.

The Company is currently not a party to any pending legal proceedings and no such action by, or to the best of its knowledge, against the Company has been threatened.



Item 2.  Changes in Securities.




None

Item 3.  Defaults Upon Senior Securities.




None

Item 4.  Submission of Matters to a Vote of Security Holders.



No matter was submitted during the quarter ending July 31, 2005,covered by this report to a vote of the Companys shareholders, through the solicitation of proxies or otherwise.



Item 5.  Other Information.




None



Item 6.  Exhibits and Reports of Form 8-K.




(a)
        Exhibits


31.1 Certification pursuant to Section 302 of Sarbanes Oxley Actof 2002


32.1 Certification pursuant to Section 906 of Sarbanes Oxley Actof 2002


(b)
        Reports of Form 8-K


None

SIGNATURES



In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.




Edmonds 1, Inc.Registrant




Date: September 9, 2005
        By:/s/ Richard NeusslerRichard NeusslerPresident