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 April 30, 2005

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     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                             (I.R.S. Employer
incorporation or organization)                              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. Yes [X] No [
]


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. Yes [X] No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of June 13, 2005:  100,000 shares of common stock.





<PAGE>


                                 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

<PAGE>

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 six
months ended April 30, 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.
<PAGE>
                              AS OF APRIL 30, 2005



Edmonds 1, Inc.
(a development stage company)
Financial Statements Table of Contents




FINANCIAL STATEMENTS
                                                                    Page #





         Balance Sheet                                                F-1


         Statement of Operations and Retained Deficit                 F-2


         Statement of Stockholders Equity                             F-3


         Cash Flow Statement                                          F-4


         Notes to the Financial Statements                            F-5







<PAGE>
<TABLE>


                                 EDMONDS 1, INC.
                          (a development stage company)
                                  BALANCE SHEET
                   As of APRIL 30, 2005 AND OCTOBER 31, 2004


                                     ASSETS
<CAPTION>

                                                      April 30, October 31,
CURRENT ASSETS                                            2005      2004
                                                       ---------  --------

<S>                                                    <C>         <C>
        Cash                                           $      0    $     0
                                                       ---------  --------




                      TOTAL ASSETS                     $      0    $     0
                                                       =========  ========

                 LIABILITIES AND STOCKHOLDER'S EQUITY

CURRENT LIABILITIES

    Accrued expenses                                   $  1,000    $   500
                                                       ---------  --------

                      TOTAL LIABILITIES                   1,000        500

STOCKHOLDER'S EQUITY

  Common Stock - par value $0.0001;
    100,000,000 shares authorized;
    100,000 issued and outstanding                           10         10

  Additional paid in capital                                 90         90

  Accumulated Deficit                                    (1,100)      (600)
                                                       ---------  --------

  Total stockholder's equity                             (1,000)      (500)
                                                       ---------  --------


      TOTAL LIABILITIES AND EQUITY                     $      0    $     0
                                                       =========  ========

</TABLE>



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


                                       F-1

<PAGE>
<TABLE>

                                 EDMONDS 1, INC.
                          (a development stage company)
                             STATEMENT OF OPERATIONS
                For the six months ending April 30, 2005, and
            from inception (August 19, 2004) through April 30, 2005


<CAPTION>

                                                    Six Months          From Inception to
                                                  April 30, 2005          April 30, 2005

 REVENUE
<S>                                                  <C>                  <C>
     Sales                                           $        0           $         0
     Cost of sales                                            0                     0
                                                    -----------           -----------

 GROSS PROFIT                                                 0                     0

     GENERAL AND ADMINISTRATIVE EXPENSES                    500                 1,100
                                                    -----------           -----------

 NET LOSS                                                  (500)               (1,100)

 ACCUMULATED DEFICIT, BEGINNING BALANCE                       0                     0
                                                    -----------           -----------

 ACCUMULATED DEFICIT, ENDING BALANCE                 $     (500)          $    (1,100)
                                                    ===========           ===========


NET EARNINGS PER SHARE

     Basic Earnings Per Share
     Net loss per share                          (Less than .01)

     Basic Weighted Average
     Number of Common Shares Outstanding                100,000


</TABLE>




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


                                         F-2
<PAGE>
<TABLE>

                                 EDMONDS 1, INC.
                          (a development stage company)
                             STATEMENT OF OPERATIONS
                    For the three months ending April 30, 2005


<CAPTION>

                                                   Three Months
                                                  April 30, 2005

 REVENUE
<S>                                                  <C>
     Sales                                           $        0
     Cost of sales                                            0
                                                    -----------

 GROSS PROFIT                                                 0

     GENERAL AND ADMINISTRATIVE EXPENSES                    250
                                                    -----------

 NET LOSS                                                  (250)

</TABLE>




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

                                       F-3
<PAGE>
<TABLE>

                                 EDMONDS 1, INC.
                          (a development stage company)
                        STATEMENT OF STOCKHOLDER'S EQUITY
            From inception (August 19, 2004) through April 30, 2005


                                                        ADDITIONAL    ACCUMULATED
                              SHARES     COMMON STOCK    PAID IN        DEFICIT         TOTAL
                           ------------- ------------- -----------   -------------- -------------
<S>                           <C>           <C>             <C>       <C>             <C>
Stock issued on acceptance
   Of incorporation expenses
   August 19, 2004              100,000   $       10     $     90     $         0    $      100

Net loss                                                                     (600)         (600)
                            ------------ ------------ ------------   -------------- -------------

Total at October 31, 2004       100,000   $       10     $     90     $      (600)   $     (500)

Net loss                                                                     (500)         (500)
                            ------------ ------------ ------------   -------------- -------------

Total at April 30, 2005         100,000   $       10     $     90     $    (1,100)   $   (1,000)
                            ============ ============ ============   ============== =============


</TABLE>




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

                                       F-4



<PAGE>

<TABLE>

                                 EDMONDS 1, INC.
                          (a development stage company)
                             STATEMENT OF CASH FLOWS
                  For the six months ended April 30, 2005, and
             from inception (August 19, 2004) through April 30, 2005

<CAPTION>


                                                                                From
CASH FLOWS FROM OPERATING ACTIVITIES                       April 30, 2005     Inception
<S>                                                            <C>             <C>
        Net income (loss)                                      $(500)          $(1,100)
        Compensation in the form of stock                          0               100
        Increases (Decrease) in accrued expenses                 500             1,100
                                                             -------           -------

NET CASH PROVIDED OR (USED) IN OPERATIONS                          0                 0

CASH FLOWS FROM INVESTING ACTIVITIES

        None                                                       0                 0

CASH FLOWS FROM FINANCING ACTIVITIES

        None                                                       0                 0

CASH RECONCILIATION

        Net increase (decrease) in cash                            0                 0
        Beginning cash balance                                     0                 0
                                                              -------           -------

CASH BALANCE AT END OF PERIOD                                  $   0           $     0
                                                              =======           =======

</TABLE>




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


                                       F-5


<PAGE>


                                 EDMONDS 1, INC.
                          (a development stage company)
                          NOTES TO FINANCIAL STATEMENTS

1.   Summary of significant accounting policies:
     ------------------------------------------

Industry:

Edmonds 1, Inc. (the Company), (a development stage company), a Company
incorporated in the state of Delaware as of August 19, 2004, plans to locate and
negotiate with a business entity for the combination of that target company with
The Company. The combination will normally take the form of a merger,
stock-for-stock exchange or stock- for-assets exchange. In most instances the
target company will wish to structure the business combination to be within the
definition of a tax-free reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended. No assurances can be given that The
Company will be successful in locating or negotiating with any target company.

The Company has been formed to provide a method for a foreign or domestic
private company to become a reporting ("public") company whose securities are
qualified for trading in the United States secondary market.

The Company has adopted its fiscal year end to be October 31.

Results of Operations and Ongoing Entity:

The Company is considered to be an ongoing entity. The Company's shareholders
fund any shortfalls in The Company's cash flow on a day to day basis during the
time period that The Company is in the development stage.

Liquidity and Capital Resources:

In addition to the stockholder funding capital shortfalls; The Company
anticipates interested investors that intend to fund the Company's growth once a
business is located.

Cash and Cash Equivalents:

The Company considers cash on hand and amounts on deposit with financial
institutions which have original maturities of three months or less to be cash
and cash equivalents.

Basis of Accounting - The Company's financial statements are prepared in
-------------------
accordance with generally accepted accounting principles.

Income Taxes:

The Company utilizes the asset and liability method to measure and record
deferred income tax assets and liabilities. Deferred tax assets and liabilities
reflect the future income tax effects of temporary differences between the
financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and are measured using enacted tax rates that apply
to taxable income in the years in which those temporary differences are expected
to be recovered or settled. Deferred tax assets are reduced by a valuation
allowance when in the opinion of management, it is more likely than not that
some portion or all of the deferred tax assets will not be realized. At this
time, The Company has set up an allowance for deferred taxes as there is no
company history to indicate the usage of deferred tax assets and liabilities.

                                       F-6
<PAGE>


Fair Value of Financial Instruments:

The Company's financial instruments may include cash and cash equivalents,
short-term investments, accounts receivable, accounts payable and liabilities to
banks and shareholders. The carrying amount of long-term debt to banks
approximates fair value based on interest rates that are currently available to
The Company for issuance of debt with similar terms and remaining maturities.
The carrying amounts of other financial instruments approximate their fair value
because of short-term maturities.

Concentrations of Credit Risk:

Financial instruments which potentially expose The Company to concentrations of
credit risk consist principally of operating demand deposit accounts. The
Company's policy is to place its operating demand deposit accounts with high
credit quality financial institutions. At this time The Company has no deposits
that are at risk.

2.   Related Party Transactions and Going Concern:
     --------------------------------------------

The Company's financial statements have been presented on the basis that it is a
going concern in the development stage, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. At
this time The Company has not identified the business that it wishes to engage
in.

The Company's shareholders fund The Company's activities while The Company takes
steps to locate and negotiate with a business entity for combination; however,
there can be no assurance these activities will be successful.

3.   Accounts Receivable and Customer Deposits:
     -----------------------------------------

Accounts receivable and Customer deposits do not exist at this time and
therefore have no allowances accounted for or disclosures made.

4.   Use of Estimates:
     ----------------

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported revenue
and expenses. Management has no reason to make estimates at this time.

5.   Revenue and Cost Recognition:
     ----------------------------

The Company uses the accrual basis of accounting in accordance with generally
accepted accounting principles for financial statement reporting.

6.   Accrued Expenses:
     ----------------

Accrued expenses consist of accrued legal, accounting and office costs during
this stage of the business.

                                       F-7
<PAGE>

7.   Operating Lease Agreements:
     --------------------------

The Company has no agreements at this time.

8.   Stockholder's Equity:
     --------------------

COMMON STOCK:

Common Stock includes 100,000,000 shares authorized at a par value of $0.0001,
of which 100,000 have been issued for the amount of $100 on August 19, 2004 In
acceptance of the incorporation expenses for the Company. The shares were
accounted for as compensation to the officer incorporating.

9.   Required Cash Flow Disclosure for Interest and Taxes Paid:
     ---------------------------------------------------------

The company has paid no amounts for federal income taxes and interest. The
Company issued 100,000 common shares of stock to its sole shareholder in
acceptance of the incorporation expenses for the Company on August 19, 2004.

10.  Earnings Per Share:
     ------------------

Basic earnings per share ("EPS") is computed by dividing earnings available to
common shareholders by the weighted-average number of common shares outstanding
for the period as required by the Financial Accounting Standards Board (FASB)
under Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings per
Shares". Diluted EPS reflects the potential dilution of securities that could
share in the earnings.

11.  Tax Provision Disclosure:
     ------------------------

The Company has had a loss from inception in the amount of $850 which can be
used to offset future income for a twenty year period. This loss benefit will
expire after the twenty year period if not used. The benefit of the loss
carryforward has been offset by an allowance and is not recorded in the
financial statements.


                                       F-8

<PAGE>

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 April 30, 2005, the registrant recognized a net loss of $1,100. 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 April 30, 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 Web
sites 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.

<PAGE>

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.

<PAGE>

                           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 April 30, 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 Act
               of 2002

          32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act
               of 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: June 13, 2005              By: /s/ Richard Neussler
                                 -----------------------------------
                                 Richard Neussler
                                 President