##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-QSB
 þ
    
    Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
 For the quarter ended March 31, 2007
 OR
 o
    
    Transition report under Section 13 or 15(d) of the Exchange Act.
 For the transition period from  to
 Commission file number 000-52429
 CENTRAL IOWA ENERGY, LLC
  Iowa
    
    71-0988301(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)
 3426 EAST 28 TH STREET N.  NEWTON, IOWA 50208
 (641) 791-1010
 o þ
 o þ
   o þ




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##### 



INDEX
 Page No.PART I. FINANCIAL INFORMATION
    
    
    3Item 1.
    
    Financial Statements
    
    
    3Item 2.
    
    Managements Discussion and Analysis or Plan of Operations
    
    
    12Item 3.
    
    Controls &
Procedures
    
    
    21PART II. OTHER INFORMATION
    
    
    21Item 1.
    
    Legal Proceedings
    
    
    22Item 1A.
    
    Risk Factors
    
    
    22Item 2.
    
    Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    22Item 3.
    
    Defaults Upon Senior Securities
    
    
    23Item 4.
    
    Submission of Matters to Security Holders
    
    
    23Item 5.
    
    Other Information
    
    
    23Item 6.
    
    Exhibits
    
    
    23SIGNATURES
    
    
    24Industrial New Jobs Training AgreementCertificateCertificateSection 1350 CertificateSection 1350 Certificate
  2




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 CENTRAL IOWA ENERGY, LLC
  March 31,
    
    
    September 30,2007
    
    
    2006ASSETSCurrent AssetsCash and equivalents
    
    $
    1,234,526
    
    
    $
    Prepaid expenses
    
    
    90,224
    
    
    
    588Inventories
    
    
    391,158
    
    
    
    Total current assets
    
    
    1,715,908
    
    
    
    588Property and EquipmentLand
    
    
    249,524
    
    
    
    249,742Office equipment
    
    
    3,954
    
    
    
    3,730Office furniture
    
    
    28,207
    
    
    
    2,057Office building
    
    
    629,300
    
    
    
    Construction in process
    
    
    38,884,502
    
    
    
    26,429,77439,795,487
    
    
    
    26,685,303Less accumulated depreciation
    
    
    5,016
    
    
    
    1,299Net property and equipment
    
    
    39,790,471
    
    
    
    26,684,004Other AssetsFinancing costs, net of amortization
    
    
    403,717
    
    
    
    368,878Total Assets
    
    $
    41,910,096
    
    
    $
    27,053,470LIABILITIES AND EQUITYCurrent LiabilitiesCurrent maturities of long-term debt
    
    $
    533,664
    
    
    $
    Checks drawn in excess of bank balance
    
    
    
    
    
    
    216,613Accounts payable
    
    
    634,044
    
    
    
    91,182Membership payable
    
    
    
    
    
    
    30,000Construction payable, including retainage of
March 2007 $1,932,718; September 2006 $1,302,521
    
    
    3,469,927
    
    
    
    5,421,743Accrued interest payable
    
    
    293,913
    
    
    
    Total current liabilities
    
    
    4,931,548
    
    
    
    5,759,538Long-Term Debt, less current maturities
    
    
    15,476,256
    
    
    
    Commitments and ContingenciesMembers EquityMember contributions, net of costs related to capital contributions,
units outstanding March 2007 25,672; September 2006 24,434
    
    
    22,849,120
    
    
    
    22,216,120Membership units earned but not issued
    
    
    
    
    
    
    23,000Deficit accumulated during development stage
    
    
    (1,346,828
    )
    
    
    (945,188
    )Total members equity
    
    
    21,502,292
    
    
    
    21,293,932Total Liabilities and Members Equity
    
    $
    41,910,096
    
    
    $
    27,053,470
  3




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##### Table of Contents



CENTRAL IOWA ENERGY, LLC
  Three Months Ended
    
    
    Three Months EndedMarch 31,
    
    
    March 31,2007
    
    
    2006Revenues
    
    $
    
    
    
    $
    Operating ExpensesProfessional fees
    
    
    102,444
    
    
    
    26,044Project coordinator
    
    
    
    
    
    
    10,000General and administrative
    
    
    266,127
    
    
    
    32,818Equity based compensation
    
    
    
    
    
    
    200,000Depreciation
    
    
    3,416
    
    
    
    301Total
    
    
    371,987
    
    
    
    269,163Operating (Loss)
    
    
    (371,987
    )
    
    
    (269,163
    )Other IncomeGrant and other income
    
    
    
    
    
    
    8,400Interest income
    
    
    6,759
    
    
    
    69,331Total
    
    
    6,759
    
    
    
    77,731Net (Loss)
    
    $
    (365,228
    )
    
    $
    (191,432
    )Weighted Average Units Outstanding
    
    
    25,647
    
    
    
    9,962Net (Loss) Per Unit  Basic and Diluted
    
    $
    (14.24
    )
    
    $
    (19.22
    )
  4




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CENTRAL IOWA ENERGY, LLC
  Six Months Ended
    
    
    Six Months Ended
    
    
    From InceptionMarch 31,
    
    
    March 31,
    
    
    (March 31, 2005) to2007
    
    
    2006
    
    
    March 31, 2007Revenues
    
    $
    
    
    
    $
    
    
    
    $
    Operating ExpensesProfessional fees
    
    
    127,154
    
    
    
    124,573
    
    
    
    744,977Project coordinator
    
    
    
    
    
    
    23,000
    
    
    
    59,200General and administrative
    
    
    281,602
    
    
    
    45,096
    
    
    
    366,956Equity based compensation
    
    
    
    
    
    
    233,333
    
    
    
    600,000Depreciation
    
    
    3,717
    
    
    
    547
    
    
    
    5,016Total
    
    
    412,473
    
    
    
    426,549
    
    
    
    1,776,149Operating (Loss)
    
    
    (412,473
    )
    
    
    (426,549
    )
    
    
    (1,776,149
    )Other IncomeGrant and other income
    
    
    
    
    
    
    10,100
    
    
    
    15,100Interest income
    
    
    10,833
    
    
    
    71,509
    
    
    
    414,221Total
    
    
    10,833
    
    
    
    81,609
    
    
    
    429,321Net (Loss)
    
    $
    (401,640
    )
    
    $
    (344,940
    )
    
    $
    (1,346,828
    )Weighted Average Units Outstanding
    
    
    25,509
    
    
    
    7,198
    
    
    
    16,910Net (Loss) Per Unit  Basic and Diluted
    
    $
    (15.75
    )
    
    $
    (47.92
    )
    
    $
    (79.65
    )
  5




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CENTRAL IOWA ENERGY, LLC
  Balance  March 31, 2005
    
    $
    Capital contributions - 260 units, $500 per unit, July, 2005
    
    
    130,000Equity units exchanged for services, 500 units, $500 per unit, September, 2005
    
    
    250,000Members units earned but not issued
    
    
    2,000Net (loss) for the period ended September 30, 2005
    
    
    (454,466
    )Balance  September 30, 2005
    
    
    (72,466
    )Capital contributions - 4,520 units, $500 per unit, October, 2005
    
    
    2,260,000Capital contributions - 19,154 units, $1,000 per unit, March, 2006
    
    
    19,154,000Cost of Raising Capital
    
    
    (177,880
    )Members units earned but not issued
    
    
    21,000Equity based compensation
    
    
    600,000Net (loss) for the period ended September 30, 2006
    
    
    (490,722
    )Balance  September 30, 2006
    
    
    21,293,932Capital contributions - 1,200 units, $1,000 per unit, October, 2006
    
    
    600,000Members units earned but not issued
    
    
    10,000Issued 38 units for units earned but previously not issued, March, 2007
    
    
    Net (loss) for the period ended March 31, 2007
    
    
    (401,640
    )Balance  March 31, 2007
    
    $
    21,502,292
  6




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CENTRAL IOWA ENERGY, LLC
  Six Months Ended
    
    
    Six Months Ended
    
    
    From InceptionMarch 31,
    
    
    March 31,
    
    
    (March 31, 2005) to2007
    
    
    2006
    
    
    March 31, 2007Cash Flows from Operating ActivitiesNet (loss)
    
    $
    (401,640
    )
    
    $
    (344,940
    )
    
    $
    (1,346,828
    )Adjustments to reconcile net (loss) to net cash
from operations:Depreciation and amortization
    
    
    3,717
    
    
    
    547
    
    
    
    5,016Equity exchanged for consulting services
    
    
    
    
    
    
    
    
    
    
    250,000Equity based compensation
    
    
    
    
    
    
    233,333
    
    
    
    600,000Membership units earned but not issued
    
    
    10,000
    
    
    
    6,000
    
    
    
    33,000Change in assets and liabilities:Grant receivable
    
    
    
    
    
    
    5,000
    
    
    
    Inventories
    
    
    (391,158
    )
    
    
    
    
    
    
    (391,158
    )Prepaid expenses
    
    
    (89,636
    )
    
    
    4,352
    
    
    
    (90,224
    )Accounts payable
    
    
    590,516
    
    
    
    (41,937
    )
    
    
    630,247Net cash used in operating activities
    
    
    (278,201
    )
    
    
    (137,645
    )
    
    
    (309,947
    )Cash Flows from Investing ActivitiesCapital expenditures
    
    
    (655,674
    )
    
    
    (1,154
    )
    
    
    (661,461
    )Purchase of land
    
    
    (25,582
    )
    
    
    
    
    
    
    (249,524
    )(Increase) in restricted cash
    
    
    
    
    
    
    (19,223,806
    )
    
    
    Payments for construction in process
    
    
    (14,090,315
    )
    
    
    (1,700,000
    )
    
    
    (35,098,346
    )Net cash used in investing activities
    
    
    (14,771,571
    )
    
    
    (20,924,960
    )
    
    
    (36,009,331
    )Cash Flows from Financing Activities(Decrease) in checks drawn in excess of bank balance
    
    
    (216,613
    )
    
    
    
    
    
    
    Proceeds from long term debt
    
    
    16,009,920
    
    
    
    
    
    
    
    16,009,920Payments for financing costs
    
    
    (79,009
    )
    
    
    (46,499
    )
    
    
    (422,236
    )Member contributions
    
    
    600,000
    
    
    
    21,391,500
    
    
    
    22,144,000Costs related to capital contributions
    
    
    
    
    
    
    (154,311
    )
    
    
    (177,880
    )(Payments to) members
    
    
    (30,000
    )
    
    
    (45,000
    )
    
    
    Net cash provided by financing activities
    
    
    16,284,298
    
    
    
    21,145,690
    
    
    
    37,553,804Net Increase in Cash
    
    
    1,234,526
    
    
    
    83,085
    
    
    
    1,234,526Cash  Beginning of Period
    
    
    
    
    
    
    31,454
    
    
    
    Cash  End of Period
    
    $
    1,234,526
    
    
    $
    114,539
    
    
    $
    1,234,526Supplemental Disclosure of Noncash
Investing and Financing ActivitiesConstruction costs in accounts payable
    
    $
    3,469,927
    
    
    $
    94,737
    
    
    $
    3,469,927Deferred offering costs included in accounts payable
    
    $
    
    
    
    $
    1,194
    
    
    $
    Financing costs included in accounts payable
    
    $
    3,797
    
    
    $
    
    
    
    $
    3,797Accrued interest included in construction in process
    
    $
    293,913
    
    
    $
    
    
    
    $
    293,913Amortization of financing costs included in
construction in process
    
    $
    22,316
    
    
    $
    
    
    
    $
    22,316
  7




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CENTRAL IOWA ENERGY, LLC
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 NOTE A: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 PRINCIPAL BUSINESS ACTIVITY
 BASIS OF PRESENTATION 
  INVENTORY
 PROPERTY AND EQUIPMENT
 UNIT OPTIONS Accounting for Stock Issued to Employees
 Accounting
for Stock-Based Compensation
  8




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CENTRAL IOWA ENERGY, LLC
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 ThreeMonths
    
    
    Six Monthsended
    
    
    ended
    
    
    Inception toMarch 31,
    
    
    March 31,
    
    
    March 31,2006
    
    
    2006
    
    
    2007Net (Loss):As reported
    
    $
    (191,432
    )
    
    $
    (344,940
    )
    
    $
    (1,346,828
    )Deduct total stock-based compensation expense
determined under minimum value based
method for all awards
    
    
    (6,625
    )
    
    
    (7,729
    )
    
    
    (19,875
    )Pro forma
    
    $
    (198,057
    )
    
    $
    (352,669
    )
    
    $
    (1,366,703
    )(Loss) per unit:As reported
    
    $
    (19.22
    )
    
    $
    (47.92
    )
    
    $
    (79.65
    )Pro forma
    
    $
    (19.88
    )
    
    $
    (49.00
    )
    
    $
    (80.82
    )
 Share-Based Payment
  NOTE B: MEMBERS EQUITY
     9




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CENTRAL IOWA ENERGY, LLC
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
  NOTE C: RELATED PARTY TRANSACTIONS
    NOTE D: FINANCING
   NOTE E: COMMITMENTS AND CONTINGENCIES
 Design-Build Contract
  10




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##### Table of Contents



CENTRAL IOWA ENERGY, LLC
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
  Purchase Contracts
  Consulting Contracts
  Land Contracts
  Utility Contracts
   Leases
  11




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Item 2. Managements Discussion and Analysis or Plan of Operations
 Forward Looking Statements
  
    
    Competition with other manufacturers in the biodiesel industry;
    
    Overcapacity within the biodiesel industry;
    
    Decrease in the demand for biodiesel;
    
    Actual biodiesel and glycerin production varying from expectations;
    
    Availability and cost of products and raw materials, particularly soybean oil;
    
    Changes in the price and market for biodiesel and its co-products, such as glycerin;
    
    Our ability to market and our reliance on third parties to market our products;
    
    Changes in or elimination of governmental laws, tariffs, trade or other controls or enforcement
practices such as:
 
    
    national, state or local energy policy;
    
    federal biodiesel tax incentives;
    
    legislation establishing a renewable fuel standard or other legislation mandating the use
of biodiesel or other oxygenate additives; or
    
    environmental laws and regulations that apply to our plant operations and their
enforcement;
 
    
    Total U.S. consumption of diesel fuel;
    
    Fluctuations in petroleum prices;
    
    Changes in plant production capacity or technical difficulties in operating the plant;
    
    Changes in our business strategy, capital improvements or development plans;
    
    Results of our hedging strategies;
    
    Changes in interest rates or the availability of credit;
    
    Our ability to generate free cash flow to invest in our business and service our debt;
    
    Our liability resulting from litigation;
    
    Our ability to retain key employees and maintain labor relations;
    
    Changes and advances in biodiesel production technology;
 12




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
    
    Competition from alternative fuels and alternative fuel additives; and
    
    Other factors described elsewhere in this report.
  Overview
       13




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Plan of Operations for the Next 12 Months
  Plant Construction Activity
   Project:
    
    Status:Dirt and Site Work
    
    Work was completed in June 2006.Process Building
    
    Work was completed in July 2006.Storage Tanks
    
    Work was completed in March 2007.Administration Office
    
    Work was completed in March 2007.Truck Loading and Scale
    
    Work was completed in January 2007.Utilities  Electrical
    
    Permanent electrical service was established to the
facility in May 2006. Equipment wiring was
complete in March 2007.Utilities  Water
    
    Work was completed in October 2006.Utilities  Gas
    
    Work was completed in October 2006.Utilities  Sewer
    
    A sewer connection has been established and, as of
May 2007, the wastewater pretreatment system was
approximately 75% complete.Railroad Siding
    
    Work was completed in January 2007.Process Control System
    
    Work was completed in February 2007.Boiler System
    
    The boiler system was completed in February 2007.Pretreatment System
    
    Work was completed in March 2007.
 Completion of Construction
  14




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Permitting
  Plant Management, Feedstock Procurement and Marketing
  Feedstock Procurement
 
    
    Provide analysis and audit of feedstock suppliers;
    
    Purchase feedstocks at competitive prices meeting specifications and in
quantities adequate to satisfy the production schedule of our plant;
    
    Negotiate for discounts on feedstocks, where obtainable;
    
    Arrange for transportation, logistics, and scheduling of feedstock deliveries; and
    
    Provide analysis and audit of bulk transportation providers.
 Chemical Inputs Procurement
 
    
    Perform due diligence requirements for investigation of suppliers of the chemical inputs;
    
    Provide analysis and audit of chemical suppliers and bulk transportation suppliers;
    
    Purchase chemical inputs at competitive prices meeting specifications for use in our plant;
    
    Negotiate for discounts on the purchase of chemical inputs, where obtainable;
    
    Procure adequate chemical inputs to meet our production schedules; and
    
    Arrange for transportation, logistics, and scheduling services for chemical input deliveries by suppliers.
 15




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Sales and Marketing
 
    
    Market analysis of biodiesel supply and demand;
    
    Market access to REGs developed biodiesel distribution channels;
    
    Analysis and audit of biodiesel customers, including for creditworthiness, and
bulk transportation providers;
    
    Marketing specialists and sales representatives to attain and establish sales
opportunities and relationships for our products;
    
    Arrangements for transportation, logistics, and scheduling of biodiesel shipments;
    
    Arrangements for leased tankers for rail shipments, where advantageous;
    
    Oversight and reconciliation of shipments, invoicing and payments on a weekly basis; and
    
    Provide invoicing and accounts receivable management for biodiesel shipments.
 Administrative Services
 
    
    Accounting;
    
    Human Resources;
    
    Information Technology;
    
    Payroll; and
    
    Communications.
   
    
    Monthly Fee. For the first month in which our biodiesel is sold, and for six
months thereafter, we will pay a monthly per gallon fee based on the
number of gallons of biodiesel sold. Thereafter, we will pay a
monthly per gallon fee based on the number of gallons of biodiesel produced
at our plant.
    
    Net Income Bonus. We will pay an annual bonus to REG based on the amount of
our annual net income, as that term is defined in the agreement.
REGs bonus is based on the amount of our annual net income.
 Administration and Employees
  JOB TITLE
    
    NUMBER EMPLOYEESProcess Operator
    
    
    16Accounting Manager
    
    
    1Mechanic
    
    
    1Electrician
    
    
    1
 16




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JOB TITLE
    
    NUMBER EMPLOYEESAdministrative Assistant
    
    
    1Shipping/Receiving
    
    
    4Operations Supervisor
    
    
    1Quality Assurance Manager
    
    
    1Laboratory Technician
    
    
    1Accounting Assistant
    
    
    1Total
    
    
    28
   Trends and Uncertainties Impacting the Biodiesel Industry and Our Future Operations
    17




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
    
    additional rail capacity;
    
    additional storage facilities for biodiesel;
    
    increases in truck fleets capable of transporting biodiesel within localized markets;
    
    expansion in refining and blending facilities to handle biodiesel; and
    
    growth in service stations equipped to handle biodiesel fuels.
  Critical Accounting Estimates
  Off-balance Sheet Arrangements
  Liquidity and Capital Resources
  18




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Use of Capital
   Sources of Funds
  Source of Funds
    
    
    
    
    
    Percent ofTotalMember Equity, Intrastate Offering ($1,000 per unit)
    
    $
    19,154,000
    
    
    
    37.88
    %Member Equity, Seed Capital ($500 per unit)
    
    $
    2,390,000
    
    
    
    4.73
    %Member Equity, Final Construction Loan Payment ($1,000 per unit)
    
    $
    1,000,000
    
    
    
    1.98
    %Member Equity, Exercised Director Options ($500 per unit)
    
    $
    600,000
    
    
    
    1.19
    %Construction Loan
    
    $
    27,000,000
    
    
    
    53.41
    %Low/Zero Interest Loans
    
    $
    400,000
    
    
    
    0.79
    %Grant Income
    
    $
    10,000
    
    
    
    0.02
    %Total Sources of Funds
    
    $
    50,554,000
    (1)
    
    
    100
    %
 
 (1)
    
    This amount excludes non-cash equity-based compensation recognized by the company in
connection with the units paid to The Biodiesel Group as compensation under its consulting
agreement with the company entered into in July 2005 and its directors unit option plan. Equity Financing
  Debt Financing
  19




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Grants and Government Programs
    Use of Proceeds
  Use of Funds:
    
    Amount Budgeted:General Process System
    
    $
    24,618,470Refinery Process System
    
    $
    4,500,000Animal Fat Process System
    
    $
    5,000,000Administrative Building
    
    $
    761,800Sales Tax
    
    $
    860,000Office Equipment/Computer
    
    $
    215,000Misc. Construction Costs
    
    $
    950,000Land and Site
    
    $
    1,332,200Railroad
    
    $
    3,127,850Fire and Water
    
    $
    696,180Rolling Stock
    
    $
    375,000Construction Contingency
    
    $
    250,000Start-up Costs & Working Capital
    
    $
    7,867,500TOTAL
    
    $
    50,554,000
 Operating Costs
  20




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Estimated Operating Costs
 Feedstock Cost
    
    $
    69,900,000Chemical/Variable Costs
    
    $
    11,310,000Fixed Costs
    
    $
    10,506,492Total Estimated Operating Costs
    
    $
    91,716,492
 Research and Development
  Costs and Effects of Compliance with Environmental Laws
   
 Item 3. Controls And Procedures
   
 PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings.
  21




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Item 1A. Risk Factors.
  Any operational disruption in our facility could result in a reduction of our sales volumes and
could cause us to incur substantial losses.
  Growth in the sale and distribution of biodiesel is dependent on the changes to and expansion of
related infrastructure which may not occur on a timely basis, if at all, and our operations could
be adversely affected by infrastructure disruptions.
  
    
    additional rail capacity and rail cars;
    
    additional storage facilities for biodiesel;
    
    increases in truck fleets capable of transporting biodiesel within localized markets;
    
    expansion in refining and blending facilities to handle biodiesel; and
    
    growth in service stations equipped to handle biodiesel fuels.
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
   22




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Item 3. Defaults Upon Senior Securities.
   
 Item 4. Submission of Matters to Security Holders.
  
 Item 5. Other Information.
  
 Item 6. Exhibits.
  Exhibit
    
    
    
    Method ofNo.
    
    Description
    
    Filing10.12
    
    Preliminary Industrial New Jobs Training Agreement between Des Moines Area
Community College and Central Iowa Energy, LLC dated January 1, 2007.
    
    
    110.13
    
    Project Coordinator Agreement
    
    
    110.14
    
    Consulting Agreement between The Biodiesel Group, LLC and Central Iowa Energy,
LLC dated July 7, 2005.
    
    
    210.15
    
    Lease between Farver Rental and Central Iowa Energy, LLC dated December 14, 2005.
    
    
    210.16
    
    Gas Sales Contract between Aquila, Inc. and Central Iowa Energy, LLC dated May
30, 2006.
    
    
    210.17
    
    Water Users Membership Agreement between Central Iowa Water Association and
Central Iowa Energy, LLC dated June 29, 2006.
    
    
    210.18
    
    Industrial Track Agreement between Iowa Interstate Railroad, LTD and Central
Iowa Energy, LLC dated December 11, 2006.
    
    
    210.19
    
    Industrial New Jobs Training Agreement between Central Iowa Energy, LLC and Des
Moines Area Community College dated March 12, 2007
    
    
    *
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##### Table of Contents



Exhibit
    
    
    
    Method ofNo.
    
    Description
    
    Filing31.1
    
    Certificate pursuant to 17 CFR 240 13a-14(a)
    
    *31.2
    
    Certificate pursuant to 17 CFR 240 13a-14(a)
    
    *32.1
    
    Certificate pursuant to 18 U.S.C. Section 1350
    
    *32.2
    
    Certificate pursuant to 18 U.S.C. Section 1350
    
    *
 
 (*)
    
    Filed herewith.(1)
    
    Incorporated by reference to the exhibit of the same number on our Registration
Statement on Form 10-SB, No. 000-52429, originally filed on January 29, 2007.(2)
    
    Incorporated by reference to the exhibit of the same number on our Pre-Effective
Amendment #1 to our Registration Statement on Form 10-SB, No. 000-52429, originally filed on
March 29, 2007. 
 SIGNATURES
  CENTRAL IOWA ENERGY, LLCDate: May 11, 2007
    
    /s/ John E. Van Zee

John E. Van ZeePresident and Chief Executive Officer(Principal Executive Officer)Date: May 11, 2007
    
    /s/ Kimberly Smith

Kimberly SmithChief Financial Officer(Principal Financial and Accounting Officer)
 24