SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

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

                       For the quarter ended June 30, 2003
                                       OR
[ ]                 TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

               For the transition period from ________ to ________

Commission File Number:  2-99080

                       NATIONAL DIVERSIFIED SERVICES, INC.
             (Exact name of Registrant as specified in its charter)

          Delaware                                       11-2820379
(State or other jurisdiction                          (I.R.S. Employer
of incorporation or organization)                    Identification No.)

c/o Lester Morse P.C.
111 Great Neck Road, Suite #420
Great Neck, New York                                           11021
(Address of principal executive offices)                    (Zip  Code)

Registrant's telephone number,
including area code:                                       (516) 487-1419

                                 Not Applicable

         (Former name, former address and former fiscal year if changed
                               since last report)

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 ___.

6,548,870  Common Shares,  $.001 par value were issued and outstanding at August
4, 2003.
<PAGE>
                       NATIONAL DIVERSIFIED SERVICES, INC.


                                      INDEX

<TABLE>
<CAPTION>
                                                                                        Page Number

PART I.  FINANCIAL INFORMATION

<S>       <C>
     Item 1.  Financial Statements

                       Consolidated Balance Sheets                                         3
                        June 30, 2003 (Unaudited) and
                         December 31, 2002

                       Consolidated Statements of Operations                               4
                         Three Months and Six Months ended June 30, 2003,
                         and June 30, 2002 (Unaudited)

                       Consolidated Statements of Cash Flows                               5
                          Three Months and Six Months Ended June 30, 2003 and
                           June 30, 2002 (Unaudited)

                       Notes to Financial Statements (Unaudited)                           6

     Item 2.  Management's Discussion and Analysis of                                      8
                         Financial Condition and Results of
                         Operations

PART II. OTHER INFORMATION                                                                 9


SIGNATURES                                                                                10
</TABLE>
                                        2
<PAGE>

              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS



                                     ASSETS
<TABLE>
<CAPTION>
                                                                              JUNE 30,          DECEMBER 31,
                                                                                2003                 2002
                                                                             -----------          -----------
                                                                             (Unaudited)           (Audited)
 <S>                                                                             <C>                   <C>
CURRENT ASSETS:
   Cash and cash equivalents                                                 $  109,058           $  123,337
   Securities available-for-sale                                                104,725              101,993
                                                                             -----------          -----------
                  Total assets                                               $  213,783           $  225,330
                                                                             ===========          ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Accounts payable and accrued expenses                                     $   70,414           $   74,232
                                                                             -----------          -----------
                  Total liabilities                                              70,414               74,232
                                                                             -----------          -----------
STOCKHOLDERS' EQUITY:
   Common stock, $.001 par value:
     Authorized - 30,000,000 shares; issued and
       outstanding - 6,548,870 shares                                             6,549                6,549
   Additional paid-in capital                                                   705,755              705,755
   Accumulated deficit                                                         (568,849)            (560,968)
   Accumulated other comprehensive loss                                             (86)                (238)
                                                                             -----------          -----------
                  Total stockholders' equity                                    143,369              151,098
                                                                             -----------          -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   $  213,783           $  225,330
                                                                             ===========          ===========
</TABLE>


    See accompanying notes to consolidated financial statements (unaudited).

                                       3
<PAGE>
              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                       SIX                        THREE
                                                                  MONTHS ENDED                MONTHS ENDED
                                                                    JUNE 30,                    JUNE 30,
                                                               2003         2002            2003         2002
<S>                                                             <C>            <C>            <C>           <C>
REVENUES                                                     $    3,163   $      823     $    1,498    $     777


GENERAL AND ADMINISTRATIVE
   EXPENSES                                                      11,044       15,906          4,732       13,215
                                                             ------------ ------------   ------------ ------------

NET LOSS                                                         (7,881)     (15,083)        (3,234)     (12,438)


OTHER COMPREHENSIVE LOSS, NET OF TAX:
   Unrealized gains/(losses) on securities:
     Unrealized holding gain/(loss)
        arising during period                                       152        -               (194)       -
                                                             ------------ ------------   ------------ ------------

COMPREHENSIVE LOSS                                           $   (7,729)  $  (15,083)    $   (3,428)   $ (12,438)
                                                             ------------ ------------   ------------ ------------

BASIC AND DILUTED NET LOSS PER SHARE                         $    -   *   $    -   *     $    -   *    $   -   *
                                                             ------------ ------------   ------------ ------------

WEIGHTED AVERAGE NUMBER OF
   SHARES OUTSTANDING                                         6,548,870    6,548,870      6,548,870    6,548,870
                                                             ============ ============   ============ ============

*Less than $.01 per share
</TABLE>





    See accompanying notes to consolidated financial statements (unaudited).
                                       4
<PAGE>
              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                            CONSOLIDATED STATEMENT OF
                              STOCKHOLDERS' EQUITY


<TABLE>
<CAPTION>
                                                                                                    ACCUMULATED
                                                                 ADDITIONAL                            OTHER
                                        COMMON STOCK              PAID-IN          ACCUMULATED      COMPREHENSIVE
                                     SHARES      AMOUNT           CAPITAL            DEFICIT         GAIN (LOSS )         TOTAL

<S>                                  <C>          <C>               <C>                <C>                  <C>            <C>
BALANCE AT DECEMBER 31, 2002
(Audited)                         6,548,870      $6,549         $ 705,755           $ (560,968)         $ (238)       $ 151,098

COMPREHENSIVE LOSS (Unaudited):
Net loss                               -           -                 -                  (7,881)             -            (7,881)
Other comprehensive gain (loss),
 net of tax:
Unrealized gains on securities:
Unrealized holding gains arising
  during the period                    -           -                 -                    -                152              152
                                  -----------  -----------      -----------         -----------        -----------     ----------
Total comprehensive loss                                                                                                 (7,729)

BALANCE AT JUNE 30, 2003
(Unaudited)                       6,548,870      $6,549         $ 705,755           $ (568,849)         $  (86)       $(143,369)
                                 ===========   ===========      ===========         ===========        ===========    ===========
</TABLE>





    See accompanying notes to consolidated financial statements (unaudited).

                                       5
<PAGE>

              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                                  SIX
                                                                                              MONTHS ENDED
                                                                                                JUNE 30,
                                                                                          2003            2002
<S>                                                                                       <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                                                           $   (7,881)    $  (15,083)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
       Changes in assets and liabilities:
         Interest receivable                                                                   -          1,213
         Accounts payable and accrued expenses                                            (3,818)          (143)
                                                                                      ------------   ------------
NET CASH USED IN OPERATING ACTIVITIES                                                    (11,699)       (14,013)
                                                                                      ------------   ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of securities available-for-sale                                             (2,580)             -
                                                                                      ------------   ------------
NET CASH USED IN INVESTING ACTIVITIES                                                     (2,580)             -
                                                                                      ------------   ------------
NET CHANGE IN CASH AND CASH EQUIVALENTS                                                  (14,279)       (14,013)

CASH AND CASH EQUIVALENTS - beginning                                                    123,337        242,603
                                                                                      ------------   ------------
CASH AND CASH EQUIVALENTS - ending                                                    $  109,058     $  228,590
                                                                                      ============   ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
   Cash paid for income taxes                                                         $      380     $      300
                                                                                      ============   ============
NON-CASH INVESTING AND FINANCING ACTIVITIES:
   Unrealized gain on securities available-for-sale                                   $      152     $        -
                                                                                      ============   ============
</TABLE>



    See accompanying notes to consolidated financial statements (unaudited).

                                       6
<PAGE>
              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  JUNE 30, 2003
                                   (UNAUDITED)



NOTE 1 - BASIS OF PRESENTATION

     The accompanying  unaudited condensed  consolidated financial statements do
     not include all  disclosures  required to be included in a complete  set of
     financial  statements  prepared in conformity with U.S.  generally accepted
     accounting  principles.  In the  opinion  of  management,  all  adjustments
     (consisting of normal recurring accruals) that are considered necessary for
     a fair  presentation  have been  included.  The  results  for the six month
     period ended June 30, 2003 are not  necessarily  indicative  of the results
     that may be expected for the year ending  December  31,  2003.  For further
     information,  refer to the consolidated  financial statements and footnotes
     thereto included in the Company's annual report on Form 10-K filed on March
     20, 2003 for the year ended December 31, 2002.


NOTE 2 - NATURE OF BUSINESS

     The  Company was  organized  under the laws of the State of Delaware on May
     30, 1985 and was in the development stage until 1989. During November 1989,
     the Company  began  setting up  operations  to import to the United  States
     products for sale principally to the hardware and construction markets. Two
     wholly-owned  subsidiaries  were formed to conduct  these  operations.  The
     Company  commenced  operations  during the first  three  months of 1990 and
     began billing its customers in April 1990.  Billings to customers  ended in
     June 1990 and the Company  terminated its import business.  Currently,  the
     Company is exploring various business  opportunities  that may be available
     to it.


NOTE 3 - PRINCIPLES OF CONSOLIDATION

     The consolidated  financial  statements include the accounts of the Company
     and its subsidiaries,  which are all wholly-owned and totally inactive. All
     significant  intercompany accounts and transactions have been eliminated in
     consolidation.

                                       8
<PAGE>
              NATIONAL DIVERSIFIED SERVICES, INC. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  JUNE 30, 2003
                                   (UNAUDITED)





NOTE 4 - REVENUE RECOGNITION

     The Company's only revenues are derived from investments. Investment income
     is recognized when earned.


NOTE 5 - 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 these
     estimates.


NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS

     The amounts at which current assets and current  liabilities  are presented
     in the balance sheet  approximate  their fair value due to their short-term
     nature.

                                       9
<PAGE>
           Management's Discussion and Analysis of Financial Condition
                            and Results of Operations

Results of Operations

     During the three  months and six months  ended June 30, 2003 and 2002,  the
Company  had  no  revenues  other  than  investment  income  since  the  Company
terminated  its import and sale  business  operations  in 1990.  The  Company is
presently exploring various business  opportunities that may be available to it.
No  assurances  can be given that the Company will be successful in completing a
transaction to acquire an operating business.

     During the three months ended June 30, 2003, there were no material changes
in the  financial  condition  of the Company  other than a net loss of $3,234 as
compared to a net loss of $12,438 for the  comparable  period of the prior year.
During the six months ended June 30, 2003, there were no material changes in the
financial  condition of the Company  other than a net loss of $7,881 as compared
to a net loss of $15,083 for the comparable  period of the prior year.  Further,
due to the Company lacking any current business activities or operations,  other
than searching for a new business opportunity or merger candidate,  there are no
trends or  uncertainties  that have had or reasonably  expect to have a material
favorable or  unfavorable  impact on revenues or income  (loss) from  continuing
operations.  Further,  there are no unusual or infrequent events or transactions
or any  significant  economic  changes  that  materially  effected the amount of
reported income (loss) from continuing operations.

Liquidity and Capital Resources

     Financing of the Company's  activities  has been provided from the December
1986 initial  public  offering of its  securities for cash amounting to a net of
approximately $600,000. At June 30, 2003, the Company's working capital amounted
to $143,369 with cash and cash  equivalents  and  securities  available for sale
aggregating $213,783.

     Management believes that its cash assets are adequate to meet the Company's
short term and long term  liquidity  and cash  requirements  until such time, if
ever, as the Company completes a transaction to establish an operating business.
The Company has been unable to find a suitable  business  opportunity  or merger
candidate  over the last ten  years,  considering  the  limited  cash  resources
available to the Company and that the  Company's  Common Stock has no active and
established  trading market.  Nevertheless,  Management is continuing to explore
various  business  opportunities  that may be  available to it. As of the filing
date of this  Form  10-Q,  there  are no  known  trends  or any  known  demands,
commitments,  events or uncertainties that will result in or that are reasonably
likely to result in the Registrant's  liquidity  increasing or decreasing in any
material way.  Further,  at the present time, the Company has no commitments for
capital  expenditures  and does not  anticipate  same  until  it  establishes  a
business or acquires an operating business,  of which there can be no assurances
given.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

     The Company's  securities  available for sale consist of an investment in a
mutual fund whose value is subject to change with market conditions.  The mutual
fund  invests in U.S.  Government  obligations  whose terms may be more than one
year. In addition,  the Company's cash  equivalents  are invested in a brokerage
account  subject to changes in interest  rates.  The Company  manages its market
risk by  periodically  changing its  investments.  The Company has no assets and
liabilities  which are  denominated  in a currency  other  than U.S.  dollars or
involve commodity price risks.

Item 4.  Controls and Procedures

     The Company maintains  disclosure controls and procedures that are designed
to ensure that  information  required to be disclosed in the Company's  Exchange
Act reports is recorded,  processed,  summarized  and  reported  within the time
periods  specified in the SEC's rules and forms,  and that such  information  is
accumulated and  communicated to the Company's  management,  including its Chief
Executive Officer and Chief Financial Officer,  as appropriate,  to allow timely
decisions  regarding  required  disclosure  based  closely on the  definition of
"disclosure  controls  and  procedures"  in Rule  13a-14(c).  In  designing  and
evaluating the disclosure  controls and procedures,  management  recognized that
any controls and  procedures,  no matter how well  designed  and  operated,  can
provide only reasonable  assurance of achieving the desired control  objectives,
and management  necessarily was required to apply its judgment in evaluating the
cost-benefit  relationship of possible  controls and procedures.  Within 90 days
prior to the date of this report,  the Company carried out an evaluation,  under
the  supervision  and  with  the  participation  of  the  Company's  management,
including  the  Company's  Chief  Executive  Officer  and  the  Company's  Chief
Financial  Officer,  of the  effectiveness  of the design and  operation  of the
Company's  disclosure  controls  and  procedures.  Based on the  foregoing,  the
Company's Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures were effective.  There have been no
significant  changes in the Company's internal controls or in other factors that
could  significantly  affect the internal  controls  subsequent  to the date the
Company completed its evaluation. Therefore, no corrective actions were taken.

                                       11
<PAGE>
                       NATIONAL DIVERSIFIED SERVICES, INC.

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings:                 None

Item 2.  Changes in Securities:             None

Item 3.  Defaults Upon Senior Securities:   None

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

                  None

Item 5.  Other Information:                 None

Item 6.  Exhibits and Reports on Form 8-K:

                  (a)      Exhibits -

                      3     Certificate of Incorporation and Amendments
                            thereto (1)

                      3(A)  By-Laws (1)

                      11.   Statement Re: Computation of Earnings per share
                            (see "Financial Statements").

                      21    Subsidiaries  of Registrant (2)

                      99.1  Certification of Chief Executive Officer and Chief
                            Financial Officer (3)

________________


(1)  Exhibits 3 and 3(A) are  incorporated  by reference from  Registration  No.
     99080 which were filed in a Registration Statement on Form S-18.

(2)  The Company had no active  subsidiaries  during the quarter  ended June 30,
     2003.

(3)  Filed herewith.

          (b)  No reports on Form 8-K were filed or required to be filed  during
          the quarter ended June 30, 2003.

                                       12
<PAGE>
                       NATIONAL DIVERSIFIED SERVICES, INC.



                                   SIGNATURES


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



                                          NATIONAL DIVERSIFIED SERVICES, INC.

                                   -------------------------------------------
                                                   (Registrant)

Dated: August 4, 2003                              /s/Morry Rubin
                                   -------------------------------------------
                                   Morry F. Rubin, President, Chief Executive,
                                   Financial and Accounting Officer

                                       13
<PAGE>
                                  CERTIFICATION

     I, Morry F. Rubin,  Chief Executive  Officer and Chief Financial Officer of
the Registrant, certify that:

     1.   I have  reviewed  this  quarterly  report on Form  10-QSB of  National
          Diversified Services, Inc.;

     2.   Based on my  knowledge,  this  quarterly  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 quarterly report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this quarterly 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 quarterly report;

     4.   The registrant's  other  certifying  officers and I am responsible for
          establishing  and  maintaining  disclosure  control and procedures (as
          defined in Exchange  Act Rules  13a-14 and 15d-14) for the  registrant
          and 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
          entitles,  particularly  during  the  period in which  this  quarterly
          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 quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   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 functions):

     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  quarterly  report  whether  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.

Date:  August 4, 2003                       /s/ Morry F. Rubin
                                            ___________________________
                                            Morry F. Rubin,
                                            Chief Executive Officer and
                                            Chief Financial Officer
                                       14
<PAGE>

Exhibit 99.1

                   Certification Pursuant to 18 U.S.C.ss.1350


     In  connection  with the  filing  with the  United  States  Securities  and
Exchange  Commission of National  Diversified  Services,  Inc.'s (the "Company")
Quarterly Report on Form 10-Q for the period ended June 30, 2003 (the "Report"),
the undersigned,  the Chief Executive Officer and the Chief Financial Officer of
the  Company,  hereby  certify  that (i) in our  capacities  as  officers of the
Company,  (ii) to each of our own respective actual knowledge,  and (iii) solely
for the purpose of compliance with 18 U.S.C.ss.1350, that:

     (1)  the Report fully complies with the  requirements  of ss.13(a) or 15(d)
          of the Securities Exchange Act of 1934, as amended; and

     (2)  the  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company.

          The above  certification  is given as of the date of the Report and is
limited to the periods covered by the Report.

          IN WITNESS WHEREOF,  the undersigned have executed this Certificate on
August 4, 2003.

                                      By:   /s/Morry F. Rubin
                                            ___________________________
                                               Chief Executive Officer

                                      By:   /s/ Morry F. Rubin
                                            ___________________________
                                                Chief Financial Officer

                                       15