UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549


                                  FORM 10-KSB

                                   (Mark one)

[X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the fiscal year ended March 31, 2004

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

For the transition period from ________ to ________

                        Commission file number: 000-31429


                             Financial Ventures, Inc.
---------------------------------------------------------------------
                   (Name of small business issuer in its charter)

             Florida                            65-0740090
   ---------------------------------    -------------------------------
  (State or other jurisdiction of     (IRS Employer Identification No.)
    incorporation or organization)

                           120 Adelaide Street West
                                  Suite 1214
                               Toronto, Ontario
                                    Canada
---------------------------------------------------------------------
                   (Address of principal executive offices)

                                    M5H 1T1
---------------------------------------------------------------------
                                  (Zip Code)

Registrant's telephone number, including area code: 416-214-9735

Securities registered under Section 12(g) of the Exchange Act:

                    Common Stock, $0.001 par value per share
           --------------------------------------------------------
                                (Title of class)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the  Exchange  Act during the
past 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 []

Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-B is not contained in this form, and
no disclosure will be contained, to the best of registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X]

The Company's revenues for the year ended March 31, 2004 were $0.

As of June 8, 2004, the aggregate market value of the
voting stock held by non-affiliates of the registrant (based on
the price of $.001 per share at which the common equity was sold
to non-affiliates) was $909.

The number of shares of the registrant's common stock, par value
$0.001 per share, outstanding as of June 8, 2004 was 908,800.

Transitional Small Business Disclosure Format (check one): Yes []; No [X]

<PAGE>


PART I.

Item 1.  DESCRIPTION OF THE BUSINESS

	Financial Ventures, Inc. ( the "Company") was incorporated
on December 4, 1996 under the laws of the State of Florida.

        At its inception, the Company adopted a Business Plan
with the objective of entering into a joint venture for the
purpose of initially entering into a pilot program for the
capture and sale of exotic saltwater aquarium-type fish to
wholesalers.

        The information received by the Company indicated
that economic conditions were not favorable to proceed with the
Business Plan at that time. As a consequence, the Company has not
yet commenced active business operations although it remains a
corporation in good standing under Florida law.

        The Company has been inactive subsequently and has no
employees as of the date of this filing.


Item 2.  DESCRIPTION OF PROPERTIES

	The Company has no real properties or leasehold interests at
this time. The Company is not currently engaged in any real
estate activities.

        The Company's principal place of business is located at 120
Adelaide Street West Suite 1214, Toronto, Ontario, Canada on a rent-free
basis pursuant to an oral agreement. It is anticipated that this
arrangement will be suitable for the needs of the Company for the
foreseeable future.


Item 3.  LEGAL PROCEEDINGS

        There is no litigation of any type whatsoever
pending or threatened by or against the Company, its officers
and/or its director.


Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        None.




PART II.

Item 5.  MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS

	There is currently no public trading market for our Common
Stock.

        As of June 8, 2004 there were approximately 39 holders
of record of Common Stock inclusive of those brokerage firms
and/or clearing houses holding the Company's Common Stock in
street name for their clientele (with each such brokerage house
and/or clearing house being considered as one holder).

        The Company has never paid a dividend on its common stock.
It is the Company's present policy to retain all earnings to
provide funds for the future growth of the Company.

Recent Sales Of Unregistered Securities

	The Company has not sold any securities within the past three
years that were not registered under the Securities Act.


Item 6.  MANAGEMENT'S PLAN OF OPERATION

	The Company has no revenues to date. Since inception, the
Company has been dependent upon the receipt of capital investment
or other financing to fund its continuing activities.

	At the present time the Company has no specific
consequential cash requirements because it is inactive. The
Company has no employees and does not plan to hire any employees.
The Company intends to use independent contractors for any work
that needs to be completed.  The Company is dependent upon
certain related parties to provide continued funding and capital
resources.

        Special Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the
"Reform Act") provides a safe harbor for forward-looking
statements made by or on behalf of the Company.  The Company and
its representatives may, from time to time, make written or
verbal forward-looking statements, including statements contained
in the Company's filings with the Securities and Exchange
Commission and in its reports to stockholders.  Generally, the
inclusion of the words "believe", "expect", "intend", "estimate",
"anticipate", "will", and similar expressions identify statements
that constitute "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 and that are intended to come
within the safe harbor protection provided by those sections.

	All statements addressing operating performance, events, or
developments that the Company expects or anticipates will occur
in the future, including statements relating to sales growth,
earnings or earnings per share growth, and market share, as well
as statements expressing optimism or pessimism about future
operating results (in particular, statements under Part II, Item
6, Management's Discussion and Analysis of Financial Condition
and Results of Operations), contain forward-looking statements
within the meaning of the Reform Act.  The forward-looking
statements are and will be based upon management's then-current
views and assumptions regarding future events and operating
performance, and are applicable only as of the dates of such
statements but there can be no assurance that the statement of
expectation or belief will result or be achieved or accomplished.
In addition, the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.

	By their nature, all forward-looking statements involve risk
and uncertainties.  Actual results may differ materially from
those contemplated by the forward-looking statements for a number
of reasons, including but not limited: competitive prices
pressures at both the wholesale and retail levels, changes in
market demand, changing interest rates, adverse weather
conditions that reduce sales at distributors, the risk of
assembly and manufacturing plant shutdowns due to storms or other
factors, the impact of marketing and cost-management programs,
and general economic, financial and business conditions.


Item 7.  FINANCIAL STATEMENTS

    	The Financial Statements are included with this report
commencing on page F-1.


Item 8.  CHANGES IN ACCOUNTANTS AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

	Not applicable.

Item 8A.  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 Securities 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.  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.

        As of the end of period covered by this report,
an evaluation was performed under the supervision and with the
participation of our Company's management, including the Chief
Executive Officer and the Chief Financial Officer, of the
effectiveness of the design and operation of the Company's
disclosure controls and procedures.  Based upon that evaluation,
the Chief Executive Officer and the Chief Financial Officer
concluded that the Company's disclosure controls and procedures
were effective.  Subsequent to the date of this evaluation, there
have been no significant changes in the Company's internal
controls or in other factors that could significantly affect
these controls, and no corrective actions taken with regard to
significant deficiencies or material weaknesses in such controls.


PART III.

Item 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

Directors and Executive Officers

Our directors, executive officers and key employees are as
follows:


Name               Age    Position                 Director Since

Matthew McNeally   41     Chief Executive Officer       2000

John Forbes        39     Chief Financial Officer       2001


Matthew McNeally has served as our Chief Executive Officer since
2000 and has also served as the Managing Director of Anglo
Offshore Inc. since 1995  Anglo Offshore Inc. is a boutique
merchant bank located in Toronto, Nassau and London, England.  It
is involved in fund management, venture capital and mergers and
acquisitions.  Mr. McNeally also concurrently serves as the Chief
Executive Officer of Capital Group One, Inc., where he has served
since 2000.

John Ford has served as our Chief Financial Officer since 2001
and has also served as a Private Management Consultant for Ford
and Associations since 1982  Ford and Associations consults for
public companies in the areas of mergers and acquisitions and
fund raising.




Directors' Remuneration

Our directors are presently not compensated for serving on
the board of directors.


Employment Agreements

We have not entered into any employment agreements.



Section 16(a) Beneficial Ownership Reporting Compliance

     	The Company is not aware of any director, officer or
beneficial owner of more than ten percent of the Company's Common
Stock that, during fiscal year 2003, failed to file on a timely
basis reports required by Section 16(a) of the Securities
Exchange Act of 1934.


Item 10. EXECUTIVE COMPENSATION

Summary Compensation Table

	The following table sets forth the total compensation paid
to or accrued for the fiscal years ended March 31, 2004, 2003 and 2002
to our Chief Executive Officer.  As no employees have ever
received a salary from the company we have not included any other
officers in the table.

<TABLE>
<CAPTION>

Annual Compensation


Name and                                              Other       Restricted     Securities                     All
Principal Position     Fiscal                         Annual         Stock       Underlying      LTIP          Other
                       Year    Salary     Bonus     Compensation     Awards      Options        Payouts    Compensations
------------------     ----    ------     -----     ------------  ----------     -----------    -------    -------------
<S>                    <C>     <C>        <C>       <C>           <C>            <C>            <C>        <C>

Matthew McNeally, CEO   2004    0          0         0             0              0              0           0

                        2003    0          0         0             0              0              0           0

                        2002    0          0         0             0              0              0           0
</TABLE>


Stock Option Grants in the past fiscal year

        We have not issued any grants of stock options in the past fiscal year.


Employment Agreements

        We have not entered into any employment agreements.




Item 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information regarding
beneficial ownership of our common stock as of the date of this
report, by (i) those shareholders known to be the beneficial
owners of more than five percent of the voting power of our
outstanding capital stock, (ii) each director, and (iii) all
executive officers and directors as a group:



Name and Address of                  Number of            Percent
Beneficial Owner                     Shares Owned         Owned

Barwick Holdings
P.O. Box N-1965
Nassau Bahamas                       505,000              55.2


Carolyn C. O'Brien                   75,000               8.29
1085 SW Tamarind Way
Boca Raton, FL  33486

James P. Smith                       75,000               8.29
8 Southern Cross Circle
#205
Boynton Beach, FL  33436

W.L. Canning                         75,000               8.29
1286 George Bush Blvd.
Delray Beach, FL  33483

Arlyn DeWees                         75,000               8.29
1266 George Bush Blvd.
Delray Beach, FL  33483

June D. Edwards                      75,000               8.29
1240 San Remo Ave.
Coral Gables, FL  33483


Matthew McNeally                     0                    0
C/O Capital Group One, Inc.
120 Adelaide Street West
Suite 1214
Toronto, Ontario
Canada


James Steward                        0                     0
C/O Capital Group One, Inc.
120 Adelaide Street West
Suite 1214
Toronto, Ontario
Canada


All Directors and Officers           0                      0
as a Group (2 Persons)







Item 12. CERTAIN TRANSACTIONS

        None

Item 13. EXHIBITS AND REPORTS ON FORM 8-K

	None

Item 14.  Principal Accountant Fees and Services.


     The Company paid audit fees to its independent certified
public accountant, Earl M. Cohen C.P.A., P.A. in the amount of $2,500
and $3,000 for the years ended March 31, 2004 and 2003
respectively.  Tax and other professional fees paid to the independent
certified public accountant for these years were not significant.


<PAGE>

                     FINANCIAL VENTURES, INC.
                  (A Development Stage Company)

                       FINANCIAL STATEMENTS

                          MARCH 31, 2004

<PAGE>


                     FINANCIAL VENTURES, INC.
                  (A Development Stage Company)

                             CONTENTS
                             --------

                                                   PAGE
                                                   ----

Independent Auditor's Report                        F-1

Financial Statements

 Balance Sheet                                      F-2

 Statement of Operations                            F-3

 Statement of Changes in Stockholders' Equity       F-4

 Statement of Cash Flows                            F-5

 Notes to Financial Statements                  F-6 to F-8



<PAGE>






                         INDEPENDENT AUDITOR'S REPORT



To The Board of Directors
Financial Ventures, Inc.

We have audited the accompanying balance sheet of Financial Ventures,
Inc. (a development stage company), as of March 31, 2004 and the
related statements of operations, changes in stockholders' equity and
cash flows for the years ended March 31, 2004 and 2003 and for the
period from December 4, 1996 (inception) through March 31, 2004. These
financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these
financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally
accepted in the United States. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation.  We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Financial
Ventures, Inc. (a development stage company) as of March 31, 2004, and
the results of its operations and its cash flows for the years ended
March 31, 2004 and 2003 and for the period from December 4, 1996
(inception) through March 31, 2004 in conformity with accounting
principles generally accepted in the United States.


/s/ Earl M. Cohen, C.P.A., P.A.
-------------------------------
May 12, 2004
Boca Raton, Florida


                                       F-1



<PAGE>


                     FINANCIAL VENTURES, INC.
                  (A Development Stage Company)
                          BALANCE SHEET
                          MARCH 31, 2004



                              ASSETS
                              ------

CURRENT ASSETS
 Prepaid expenses                                     $  1,200
                                                      =========



                    STOCKHOLDERS' EQUITY (DEFICIT)
                    ------------------------------


STOCKHOLDERS' EQUITY (DEFICIT)
 Common stock, $.001 par value, 50,000,000
  shares authorized, 908,800 shares issued
  and outstanding                                     $    909
 Additional paid-in capital                             26,117
 Deficit accumulated during the development
  stage                                                (25,826)
                                                      ---------
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                  $  1,200
                                                      =========

        Read accompanying Notes to Financial Statements.

                              F-2

<PAGE>


                                FINANCIAL VENTURES, INC.
                              (A Development Stage Company)
                                STATEMENTS OF OPERATIONS
                           YEARS ENDED MARCH 31, 2004 AND 2003
                                           AND
             PERIOD FROM DECEMBER 4, 1996 (INCEPTION) THROUGH MARCH 31, 2004


<TABLE>
<CAPTION>
                                                                             December 4,
                                          Year Ended      Year Ended        (Inception)
                                           March 31,       March 31,        to March 31,
                                             2004            2003               2004
                                          ----------      ----------        ------------

<S>                                       <C>             <C>               <C>
REVENUES                                   $  -            $  -               $   -

EXPENSES
 General and administrative                  8,100           7,350              25,826
                                           --------        --------           ---------
NET (LOSS)                                 $(8,100)        $(7,350)           $(25,826)
                                           ========        ========           =========
(LOSS) PER SHARE                           $  -            $  -
                                           ========        ========

WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                               908,800         908,800
                                           =======         =======

</TABLE>

                     Read accompanying Notes to Financial Statements.

                                            F-3

<PAGE>

                                 FINANCIAL VENTURES, INC.
                               (A Development Stage Company)
                       STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
             PERIOD FROM DECEMBER 6, 1996 (INCEPTION) THROUGH MARCH 31, 2004


<TABLE>
<CAPTION>


                                                                            Deficit
                                   Common Stock         Additional        Accumulated
                                Number of    Par          Paid-in     During the Development
                                Shares       Value        Capital           Stage               Total
                               ----------    ------     ----------    ----------------------    -----
<S>                            <C>           <C>        <C>           <C>                       <C>
January 17, 1997 - Common
 shares issued for cash          903,800       $904       $   376      $   -                     $ 1,280

August 11, 2000 - Common
 shares issued for cash            5,000          5         4,995          -                       5,000

Reclassification of amount due
 to stockholder to additional
 paid-in capital                     -          -             200          -                         200

Net (loss)                           -          -             -         (6,480)                   (6,480)
                                 -------       ----       -------      --------                   -------
Balance - March 31, 2001         908,800        909         5,571       (6,480)                      -


Increase in additional paid-in
 capital                             -          -           3,896          -                       3,896

Net (loss)                           -          -             -         (3,896)                   (3,896)
                                 -------       ----       -------      --------                   -------

Balance - March 31, 2002         908,800        909         9,467      (10,376)                      -

Increase in additional paid-in
 capital                             -          -           7,350          -                       7,350

Net (loss)                           -          -             -         (7,350)                   (7,350)
                                 -------       ----       -------      --------                   -------

Balance - March 31, 2003         908,800       $909       $16,817     $(17,726)                   $  -

Increase in additional paid-in
 capital                             -          -           9,300          -                       9,300

 Net (loss)                          -          -             -         (8,100)                   (8,100)

Balance - March 31, 2004         908,800       $909       $26,117     $(25,826)                  $(1,200)
                                 =======       ====       =======     =========                   =======
</TABLE>

                    Read accompanying Notes to Financial Statements.

                                            F-4
<PAGE>


                                FINANCIAL VENTURES, INC.
                              (A Development Stage Company)
                                STATEMENTS OF CASH FLOWS
                           YEARS ENDED MARCH 31, 2004 AND 2003
                                           AND
             PERIOD FROM DECEMBER 4, 1996 (INCEPTION) THROUGH MARCH 31, 2004




<TABLE>
<CAPTION>
                                                                                    December 4,
                                                                                       1996
                                                Year Ended       Year Ended        (Inception)
                                                March 31,         March 31,        to March 31,
                                                  2004              2003               2003
                                                ----------       ----------        ------------
<S>                                             <C>              <C>               <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss)                                     $ (8,100)        $ (7,350)         $(25,826)
  Adjustments to reconcile net (loss)
   to net cash (used in) operating
   activities:
    (Increase) in prepaid expenses                 (1,200)             -              (1,200)
                                                ----------       ----------        ------------
NET CASH (USED IN) OPERATING ACTIVITIES            (9,300)             -             (27,026)
                                                ----------       ----------        ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from issuance of common stock              -                -               6,280
  Increase in additional paid-in capital            9,300            7,350            20,546
  Increase in amount due to stockholder               -                -                 200
                                                ----------       ----------        ------------
  NET CASH PROVIDED BY FINANCING ACTIVITIES         9,300            7,350            27,026
                                                ----------       ----------        ------------

NET INCREASE (DECREASE) IN CASH                       -                    -                  -
CASH - BEGINNING                                      -                    -                  -
CASH - ENDING                                      $  -                 $  -              $   -

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING
 AND FINANCING ACTIVITIES:
 Reclassification of amount due to
   stockholder to additional paid-in
   capital                                           $  -             $   -


</TABLE>

         Read accompanying Notes to Financial Statements.
                               F-5


<PAGE>

                    FINANCIAL VENTURES, INC.
                 (A Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS
                          MARCH 31, 2004

NOTE 1.   ORGANIZATION

          Financial Ventures, Inc. was incorporated on December 4,
          1996 under the laws of the State of Florida. The company
          is engaged in purchasing tropical fish for wholesale but
          is currently inactive. The company's headquarters is in
          Toronto, Canada.

          The Company has no revenues to date. Since inception, the
          Company has been dependent upon the receipt of capital
          investment or other financing to fund its continuing
          activities. In addition to the normal risks associated
          with a new business venture, there can be no assurance
          that the Company's product development will be
          successfully completed or that it will be a commercial
          success. Further, the Company is dependent upon certain
          related parties to provide continued funding and capital
          resources.

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          Income Taxes

          Deferred income taxes are provided for differences
          between the basis of assets and liabilities for financial
          and income tax reporting.  A valuation allowance is provided against
          deferred income tax assets in circumstances where management believes
          recoverability of a portion of the assets is not reasonably assured.

          (Loss) Per Share

          (Loss) per share is computed by dividing net (loss) for
          the year by the weighted average number of shares
          outstanding.


                               F-6

<PAGE>

                    FINANCIAL VENTURES, INC.
                 (A Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS
                         MARCH 31, 2004

NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

          Statement of Cash Flows


          For purposes of this statement the Company considers all
          highly liquid investments with an original maturity of
          three months or less to be cash equivalents.

          Use of Estimates


          Management uses estimates and assumptions in preparing
          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 revenues and expenses.
          Accordingly, actual results could vary from the estimates
          that were assumed in preparing the financial statements.

NOTE 3.   INCOME TAXES


          As of March 31, 2004 and 2003, no deferred income taxes
          has been  recorded due to the Company having no history
          of profitable operations. Significant components of the
          Company's net deferred income tax asset are as follows:

                                                2004      2003
                                               -------   -------
               Start-up expenditures           $4,800    $3,300
               Less: Valuation allowance       (4,800)   (3,300)
                                               -------   -------
               Net deferred income tax asset   $ -       $ -
                                               =======   =======

          During the year ended March 31, 2004, the valuation
          allowance increased by $1,500.

                               F-7


<PAGE>

                    FINANCIAL VENTURES, INC.
                 (A Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS
                          MARCH 31, 2004

NOTE 3.   INCOME TAXES (CONTINUED)


          The reconciliation of income tax (benefit) computed at
          the federal statutory rate to income tax expense
          (benefit) is as follows:

            Tax (benefit) at federal statutory rate    (15.00)%
            State tax (benefit), net of federal
             benefit                                    (3.63)
            Valuation allowance                         18.63
                                                       ------
            Tax provision (benefit)                     00.00%
                                                       ======

NOTE 4.   CAPITAL STOCK


          The Company has authorized 50,000,000 common shares with
          a par value of $.001 per share. As of March 31, 2004,
          908,800 common shares were issued and outstanding.


                               F-8



<PAGE>


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, thereunto duly authorized, on June 29, 2004.

             FINANCIAL VENTURES, INC.

	By:	/s/ Matthew McNeally
             -------------------------
		Matthew McNeally
		Chief Executive Officer


	In accordance with the requirements of the Exchange Act, this
report has been signed by the following persons on behalf of the
registrant and in the capacities indicated on June 29, 2004.

By:	/s/ Matthew McNeally		Chief Executive Officer
    -------------------------
	Matthew McNeally


By:     /s/ John Forbes                 Chief Financial Officer
    -------------------------
	John Forbes



<PAGE>