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, 2006

[  ] 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  []   No [X]

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. [ ]

Indicate by checkmark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).
Yes [X]  No [ ]

The Company's revenues for the year ended March 31, 2006 were $0.

As of August 8, 2007, 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 the date of this filing 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 the date of filing this report 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.


<PAGE>

     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.

Liquidity and Capital Resources

As of the date of this report, the Company has virtually 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. In the event such efforts are unsuccessful, contingent
plans have been arranged to provide for a shareholder to fund
required future filings under the 1934 Act, and existing
shareholders have expressed an interest in additional funding if
necessary to continue as a going concern.

We currently do not have enough cash to satisfy our minimum cash
requirements for the next twelve months. As reflected in the
accompanying financial statements, we are in the development
stage with limited operations. This raises substantial doubt
about our ability to continue as a going concern. Our ability to
continue as a going concern is dependent on our ability to raise
additional capital. The financial statements do not include any
adjustments that might be necessary if we are unable to continue
as a going concern.

Plan of Operation

During the next twelve months, the Company will actively seek out
and investigate possible business opportunities with the intent
to acquire or merge with one or more business ventures. Because
the Company has limited funds, it may be necessary for the
officers, directors or a willing shareholder to either advance
funds to the Company or to accrue expenses until such time as a
successful business consolidation can be made. Management intends
to hold expenses to a minimum. However, if the Company engages
outside advisors or consultants in its search for business
opportunities, it may be necessary for the Company to attempt to
raise additional funds.

As of the date hereof, the Company has not made any arrangements
or definitive agreements to use outside advisors or consultants
or to raise any capital. In the event the Company does need to
raise capital, most likely the only method available to the
Company would be the private sale of its securities. Because of
the nature of the Company as a development stage company, it is
unlikely that it could make a public sale of securities or be
able to borrow any significant sum from either a commercial or
private lender. There can be no assurance that the Company will
able to obtain additional funding when and if needed, or that
such funding, if available, can be obtained on terms acceptable
to the Company.

The Company does not intend to use any employees, with the
possible exception of part-time clerical assistance on an as-
needed basis. Outside advisors or consultants will be used only
if they can be obtained for minimal cost or on a deferred payment
basis. Management is convinced that it will be able to operate in
this manner and to continue its search for business opportunities
during the next twelve months.

<PAGE>

Critical Accounting Policies

The Company's financial statements and related public financial
information are based on the application of accounting principles
generally accepted in the United States ("GAAP"). GAAP requires
the use of estimates; assumptions, judgments and subjective
interpretations of accounting principles that have an impact on
the assets, liabilities, revenue and expense amounts reported.
These estimates can also affect supplemental information
contained in our external disclosures including information
regarding contingencies, risk and financial condition. We believe
our use of estimates and underlying accounting assumptions adhere
to GAAP and are consistently and conservatively applied. We base
our estimates on historical experience and on various other
assumptions that we believe to be reasonable under the
circumstances. Actual results may differ materially from these
estimates under different assumptions or conditions. We continue
to monitor significant estimates made during the preparation of
our financial statements.

Our significant accounting policies are summarized in Note 1 of
our financial statements. While all these significant accounting
policies impact its financial condition and results of
operations, the Company views certain of these policies as
critical. Policies determined to be critical are those policies
that have the most significant impact on its financial statements
and require management to use a greater degree of judgment and
estimates. Actual results may differ from those estimates. Our
management believes that given current facts and circumstances,
it is unlikely that applying any other reasonable judgments or
estimate methodologies would cause effect on our results of
operations, financial position or liquidity for the periods
presented in this report.

Recent Accounting Pronouncements

In February 2006 the FASB issued SFAS 155, "Accounting for Certain
Hybrid Financial Instruments" which amends SFAS No. 133 to narrow
the scope exception for interest-only and principal-only strips on
debt instruments to include only such strips representing rights
to receive a specified portion of the contractual interest or
principal cash flows. SFAS No. 155 also amends SFAS No. 140 to
allow qualifying special-purpose entities to hold a passive
derivative financial instrument pertaining to beneficial interests
that it is a derivative financial instrument. The Company will
adopt SFAS No. 155 on January 1, 2007 and does not expect it to
have a material effect on financial position, results of
operations, or cash flows.

In July 2006, the Financial Accounting Standards Board (FASB)
issued FASB Interpretation No. 48, ("FIN 48") "Accounting for
uncertainty in income taxes - an interpretation of SFAS No. 109."
This Interpretation provides guidance for recognizing and
measuring uncertain tax positions, as defined in FASB No. 109,
"Accounting for income taxes." FIN 48 prescribes a threshold
condition that a tax position must meet for any of the benefit of
an uncertain tax position to be recognized in the financial
statements.  Guidance is also provided regarding derecognition,
classification and disclosure of uncertain tax positions.  FIN 48
is effective for fiscal years beginning after December 15, 2006.
The Company does not expect that this Interpretation will have a
material impact on their financial position, results of operations
or cash flows.

In September 2006, the FASB issued SFAS No. 157 ("SFAS 157"),
"Fair Value Measurements." SFAS 157 clarifies the principle that
fair value should be based on the assumptions that market
participants would use when pricing an asset or liability.


<PAGE>

Additionally, it establishes a fair value hierarchy that
prioritizes the information used to develop those assumptions.
SFAS 157 is effective for financial statements issued for fiscal
years beginning after November 15, 2007. The Company does not
expect the adoption of SFAS 157 to have a material impact on their
financial position, results of operations or cash flows.

In September 2006, the FASB issued SFAS No. 158 ("SFAS 158"),
Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 88,
106, and 132(R)." SFAS 158 requires employers to recognize the
underfunded or overfunded status of a defined benefit
postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in the funded status
in the year in which the changes occur through accumulated other
comprehensive income. Additionally, SFAS 158 requires employers to
measure the funded status of a plan as of the date of its year-end
statement of financial position. The new reporting requirements
and related new footnote disclosure rules of SFAS 158 are
effective for fiscal years ending after December 15, 2006. The new
measurement date requirement applies for fiscal years ending after
December 15, 2008. The Company does not expect the adoption of
SFAS 158 to have a material impact on their financial position,
results of operations or cash flows.


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.

        During the 90-day period prior to the date of 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.

Item 8B.  OTHER INFORMATION
None.



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   43     Chief Executive Officer       2000

V. Terence Franzke 59     Chief Financial Officer       2004


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.

V. Terence Franzke has served as our Chief Financial Officer since 2004.

Since 1986, Mr. Franzke has served as the President of Delray Capital
Corporation.  Delray Capital Corporation specializes in arranging debt and
equity funding by way of private placements, through limited partnerships
and by taking companies public through reverse take overs.  It also advises
in structuring plans desiged to obtain government assistance.  He also serves
as the CFO and a Director of Capital Group One, Inc.


Directors' Remuneration

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

Executive Compensation

Employment Agreements

We have not entered into any employment agreements.

Audit Committee

The audit committee of our board of directors is comprised
of one director, V. Terence Franzke.  In addition, our board of directors
has determined that Mr. Franzke, as defined by the SEC rules, is both
independent and an audit committee financial expert.  Mr. Franzke has
extensive experience reading, analyzing, and preparing GAAP
financial statements and SEC reports and filings.

Code Of Ethics and Standards of Conduct

The Company has adopted a code of business conduct and ethics
applicable to the Company's directors, officers (including the
Company's principal executive officer, principal financial
officer and principal accounting officer), and employees, known
as the Code of Ethics and Standards of Conduct.

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, 2005, 2004 and
2003 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   2006    0          0         0             0              0              0           0

                        2005    0          0         0             0              0              0           0

                        2004    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
AND RELATED STOCKHOLDER MATTERS

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

Ledyard H. Dewees
1266 George Bush Blvd.
Delray Beach, FL  33483              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 Financial Ventures, Inc.
120 Adelaide Street West
Suite 1214
Toronto, Ontario
Canada


V. Terence Franzke                   0                     0
C/O Financial Ventures, Inc.
120 Adelaide Street West
Suite 1214
Toronto, Ontario
Canada


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


Item 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

        None

Item 13. EXHIBITS

	None




<PAGE>






                           FINANCIAL VENTURES, INC.
                        (A DEVELOPMENT STAGE COMPANY)



                                   CONTENTS




PAGE    1     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

PAGE    2     BALANCE SHEET AS OF MARCH 31, 2006

PAGE    3     STATEMENTS OF OPERATIONS FOR THE YEARS ENDED
              MARCH 31, 2006 AND 2005 AND FOR THE PERIOD FROM
              DECEMBER 4, 1996 (INCEPTION) TO MARCH 31, 2006

PAGE    4     STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY FOR
              THE PERIOD FROM DECEMBER 4, 1996 (INCEPTION) TO
              MARCH 31, 2006

PAGE    5     STATEMENTS OF CASH FLOWS FOR YEARS ENDED MARCH
              31, 2006 AND 2005 AND FOR THE PERIOD FROM DECEMBER 4,
              1996 (INCEPTION) TO MARCH 31, 2006

PAGES 6 - 8   NOTES TO FINANCIAL STATEMENTS

<PAGE>



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors of:
Financial Ventures, Inc.

We have audited the accompanying balance sheet of Financial
Ventures, Inc. (a  development stage company), as of March 31, 2006
and the related statements of operations, changes in stockholders'
equity and cash flows for the years then ended March 31, 2006 and
2005.  The financial statements of Financial  Ventures, Inc. for the
period December 4, 1996 (Inception) to March 31, 2004 were audited
by other auditors whose report dated May 12, 2004 included a
paragraph describing conditions that raised substantial doubt about
the Company's ability to continue as a going concern.  The financial
statements are the responsibility of the Company's management.  Our
responsibility is to express an opinion on these  financial
statements based on our audits.

We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (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. as of March 31, 2006 and the results of its
operations and its cash flows for the years ended March 31, 2006 and
2005 in conformity with accounting principles generally accepted in
the United States of Americana.

The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern.  As discussed in
Note 4 to the financial statements.  The Company is in the
development stages with no operations.  These factors raise
substantial doubt about the Company's ability to continue as a going
concern.  Management's plans concerning these matters are also
described in Note 4.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.


WEBB & COMPANY, P.A.

/S/ WEBB & COMPANY

Boynton Beach, Florida
July 3, 2007


<PAGE>
                     FINANCIAL VENTURES, INC.
                  (A Development Stage Company)
                           BALANCE SHEET
                           MARCH 31, 2006


                              ASSETS


     CURRENT ASSETS
       Prepaid Expense                              $ 2,500
                                                    ---------
     TOTAL ASSETS                                   $ 2,500
                                                    =========

                LIABILITIES AND STOCKHOLDERS' EQUITY

     STOCKHOLDERS' EQUITY
     Common stock, $0.001 par value, 50,000,000
       shares authorized, 908,800 shares
       issued and outstanding                           909
      Additional paid-in capital                     32,967
      Deficit accumulated during the development
       stage                                        (31,376)
                                                   ==========
     TOTAL STOCKHOLDERS EQUITY                        2,500
                                                   ----------

     TOTAL LIABILITIES AND STOCKHOLDERS EQUITY     $  2,500
                                                   ==========

                 Read accompanying Notes to Financial Statements.



<PAGE>


                                 FINANCIAL VENTURES, INC.
                              (A Development Stage Company)
                                 STATEMENTS OF OPERATIONS




<TABLE>
<CAPTION>
                                                                        For the
                                                                        Period From
                                                                        December 4,
                                                                          1996
                                              For the Year Ended        (Inception)
                                                    March 31,          to March 31,
                                             2006             2005       2006
                                           --------         --------    --------
<S>                                        <C>              <C>         <C>

OPERATING EXPENSES
 Professional fees                             -              5,200         5,200
 General and administrative                     150             200        26,176
                                           --------         --------     --------
TOTAL OPERATING EXPENSES                        150           5,400        31,376
                                           --------         --------     --------

LOSS FROM OPERATIONS                           (150)         (5,400)      (31,376)

PROVISION FOR INCOME TAXES                     -               -             -

NET LOSS                                   $   (150)        $(5,400)     $(31,376)
                                           ========         ========     ========
NET LOSS PER SHARE - BASIC AND DILUTED     $  (0.00)        $ (0.01)     $  (0.03)
                                           ========         ========     ========
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING DURING THE PERIOD -
 BASIC AND DILUTED                          908,800         908,800       906,863
                                           =========        =========    =========



</TABLE>



                 Read accompanying Notes to Financial Statements.

<PAGE>



                                 FINANCIAL VENTURES, INC.
                               (A Development Stage Company)
                       STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
             PERIOD FROM DECEMBER 6, 1996 (INCEPTION) THROUGH MARCH 31, 2006


<TABLE>
<CAPTION>


                                         Common Stock                            Deficit
                                       $.001 Par Value        Additional        Accumulated             Total
                                       ---------------         Paid-in     During the Development     Stockholder's
                                      Shares       Amount      Capital           Stage                 Equity
                                     ----------    ------     ----------    ----------------------   ------------
<S>                                  <C>           <C>        <C>           <C>                       <C>

Balance December 6, 1996 (Inception)      -         $ -        $ -           $ -                       $ -

Common shares issued for cash          903,800      $904       $   376         -                        1,280
                                     ----------------------------------------------------------------------------
Balance December 31, 1997              903,800      $904       $   376         -                        1,280
                                     ============================================================================

Common shares issued for cash            5,000         5         4,995         -                        5,000

Common Shares issued in exchange
 for note receivable                      -          -             200         -                          200

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


In-kind contribution                      -          -           3,896          -                       3,896

Net loss, 2002                            -          -             -         (3,896)                   (3,896)
                                     ----------------------------------------------------------------------------

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

In-kind contribution                      -          -           7,350          -                       7,350

Net loss, 2003                            -          -             -         (7,350)                   (7,350)
                                     ----------------------------------------------------------------------------

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

In-kind contribution                      -          -           9,300          -                       9,300

Net loss, 2004                            -          -             -         (8,100)                   (8,100)
                                     ----------------------------------------------------------------------------

Balance, March 31, 2004                908,800       909        26,117      (25,826)                    1,200

In-kind contribution                      -          -           6,700          -                       4,200

Net loss, 2005                            -          -             -         (5,400)                   (5,400)
                                     ----------------------------------------------------------------------------

Balance, March 31, 2005                908,800       909       $32,817      (31,226)                  $ 2,500

In-kind contribution                      -          -             150          -                         150

Net loss for the year ended
 March 31, 2006                           -          -             -           (150)                     (150)
                                     ----------------------------------------------------------------------------

Balance, March 31, 2006                908,800       909       $32,967      (31,376)                  $ 2,500

                                     ============================================================================

</TABLE>

                     Read accompanying Notes to Financial Statements.






                                   FINANCIAL VENTURES, INC.
                                (A Development Stage Company)
                              CONDENSED STATEMENTS OF CASH FLOWS
                                       (Unaudited)

<TABLE>
<CAPTION>

                                                                                    Period From
                                                                                     December 4,
                                                                                       1996
                                                        For the Year Ended           (Inception)
                                                             March 31,              to March 31,
                                                       2006             2005            2006
                                                      -------          -------     --------------

<S>                                                  <C>               <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss)                                          $  (150)           $(5,400)      $(31,376)
   Adjustments to reconcile net loss to net
   cash used in operations
    In-Kind contribution                                  150              6,700         28,197
   Changes in operating assets and liabilities
    Increase in prepaid expenses                                          (1,300)        (2,500)
                                                      --------           --------      ---------
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES      -                  -            (5,679)
                                                      --------           --------      ---------

CASH FLOWS FROM INVESTING ACTIVITIES
  Repayment of stockholder loan                          -                  -              -
                                                      --------           --------      ---------
NET CASH PROVIDED BY INVESTING ACTIVITIES                -                  -              -
                                                      --------           --------      ---------

CASH FLOWS FROM FINANCING ACTIVITIES
  Advances from stockholders                          $  -               $  -          $    200
                                                      --------           --------      ---------
  Proceeds from isuance of common stock                  -                  -             6,280
                                                      --------           --------      ---------
NET CASH PROVIDED BY FINANCING ACTIVITIES                -                  -             6,480
                                                      --------           --------      ---------
NET INCREASE (DECREASE) IN CASH                          -                  -               801

CASH AT BEGINNING OF PERIOD/YEAR                         -                  -              -
                                                      --------           --------      ---------

CASH AT END OF PERIOD/YEAR                            $  -               $  -          $    801
                                                      ========           ========      =========


SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

  Cash paid for interest                              $  -               $  -          $   -
                                                      ========           ========      =========
  Cash paid for taxes                                 $  -               $  -          $   -
                                                      ========           ========      =========

SUPPLEMENTAL DISCLOSURE OF CASH INVESTING
 AND FINANCING ACTIVITIES:
 Reclassification of amount due to
  stockholder to Additional Paid In Capital           $  -               $  -          $    200
                                                      ========           ========      =========


</TABLE>

                 Read accompanying Notes to Financial Statements.





<PAGE>


FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
AS OF MARCH 31, 2006
NOTES TO FINANCIAL STATEMENTS




NOTE 1	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Organization

Financial Ventures, Inc. (a development stage company) (the "Company") was
incorporated under the laws of the State of Florida on December 4, 1996.  The
Company's original business plan was the purchasing and wholesale selling of
tropical fish but the Company is currently inactive.  The Company's
headquarters is in Toronto, Canada.

Activities during the development stage include developing the business plan
and raising capital.

(B) Cash and Cash Equivalents

For purposes of the cash flow statements, the Company considers all highly
liquid investments with original maturities of three months or less at the
time of purchase to be cash equivalents.

(C) Use of Estimates

In preparing financial statements in conformity with generally accepted
accounting principles, management is required to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the
financial statements and revenues and expenses during the reported period.
Actual results could differ from those estimates.

(D) Loss Per Share

Basic and diluted net loss per common share is computed based upon the
weighted average common shares outstanding as defined by Financial Accounting
Standards No. 128, "Earnings per Share." As of March 31, 2006 and 2005, and
for the period from December 4, 1996 (inception) to March 31, 2006,
respectively, there were no common share equivalents outstanding.

(E) Income Taxes

The Company accounts for income taxes under the Statement of Financial
Accounting Standards No. 109, "Accounting for Income Taxes" ("Statement 109").
Under Statement 109, deferred tax assets and liabilities are recognized for
the future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases.  Deferred tax assets and liabilities are
measured using enacted tax rates expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or
settled.  Under Statement 109, the effect on deferred tax assets and

<PAGE>

FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
AS OF MARCH 31, 2006
NOTES TO FINANCIAL STATEMENTS


liabilities of a change in tax rates is recognized in income in the period
that includes the enactment date.

As of March 31, 2006, the Company has a net operating loss carryforward of
approximately $32,176 available to offset future taxable income through 2026.
The valuation allowance at March 31, 2006 was approximately $5,994. The net
change in the valuation allowance for the year ended March 31, 2006 was an
increase of approximately $959.

(F) Business Segments

The Company operates in one segment and therefore segment information is not
presented.

(G) Recent Accounting Pronouncements

In February 2006 the FASB issued SFAS 155, "Accounting for Certain Hybrid
Financial Instruments" which amends SFAS No. 133 to narrow the scope exception
for interest-only and principal-only strips on debt instruments to include
only such strips representing rights to receive a specified portion of the
contractual interest or principal cash flows. SFAS No. 155 also amends SFAS
No. 140 to allow qualifying special-purpose entities to hold a passive
derivative financial instrument pertaining to beneficial interests that it is a
derivative financial instrument. The Company will adopt SFAS No. 155 on January
1, 2007 and does not expect it to have a material effect on financial
position, results of operations, or cash flows.

In July 2006, the Financial Accounting Standards Board (FASB) issued FASB
Interpretation No. 48, ("FIN 48") "Accounting for uncertainty in income
taxes - an interpretation of SFAS No. 109." This Interpretation provides
guidance for recognizing and measuring uncertain tax positions, as defined in
FASB No. 109, "Accounting for income taxes." FIN 48 prescribes a threshold
condition that a tax position must meet for any of the benefit of an
uncertain tax position to be recognized in the financial statements.  Guidance
is also provided regarding derecognition, classification and disclosure of
uncertain tax positions.  FIN 48 is effective for fiscal years beginning after
December 15, 2006. The Company does not expect that this Interpretation will
have a material impact on their financial position, results of operations or
cash flows.

In September 2006, the FASB issued SFAS No. 157 ("SFAS 157"), "Fair Value
Measurements." SFAS 157 clarifies the principle that fair value should be
based on the assumptions that market participants would use when pricing an
asset or liability. Additionally, it establishes a fair value hierarchy that
prioritizes the information used to develop those assumptions. SFAS 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007. The Company does not expect the adoption of SFAS 157

<PAGE>

FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
AS OF MARCH 31, 2006
NOTES TO FINANCIAL STATEMENTS





to have a material impact on their financial position, results of operations or
cash flows.

In September 2006, the FASB issued SFAS No. 158 ("SFAS 158"), Employers'
Accounting for Defined Benefit Pension and Other Postretirement Plans, an
amendment of FASB Statements No. 87, 88, 106, and 132(R)." SFAS 158 requires
employers to recognize the underfunded or overfunded status of a defined
benefit postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in the funded status in the year
in which the changes occur through accumulated other comprehensive income.

Additionally, SFAS 158 requires employers to measure the funded status of a
plan as of the date of its year-end statement of financial position. The new
reporting requirements and related new footnote disclosure rules of SFAS 158
are effective for fiscal years ending after December 15, 2006. The new
measurement date requirement applies for fiscal years ending after December
15, 2008. The Company does not expect the adoption of SFAS 158 to have a
material impact on their financial position, results of operations or cash
flows.

NOTE 2	STOCKHOLDERS' EQUITY

(A) Common Stock Issued for Cash

On January 17, 1997, the Company issued 903,800 shares of common stock to its
founders for cash of $1,280 ($0.001 per share).

On August 11, 2000, the Company issued 5,000 shares of common stock for cash
of $5,000 ($0.001 per share).

(C) In-Kind Contribution

For the period ended March 31, 2006 the stockholder of the Company paid
$5,151 of operating expenses on behalf of the Company (See Note 3).

During 2002, 2003, 2004 and 2005 the stockholder of the Company paid $3,896,
$7,350, $9,300, and $2,500 respectively, of operating expenses on behalf of
the Company (See Note 3).

NOTE 3	RELATED PARTY TRANSACTIONS

A stockholder of the Company paid $28,197 of expenses on behalf of the Company
from inception (See Note 2).

NOTE 4	GOING CONCERN

As reflected in the accompanying unaudited financial statements, the Company
is in the development stage with no operations.  This raises substantial doubt
about its ability to continue as a going concern.  The ability of the Company
to continue as a going concern is dependent on the Company's ability to raise
additional capital and implement its business plan.  The financial statements
do not include any adjustments that might be necessary if the Company is
unable to continue as a going concern.



<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 August 23, 2007.

        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 August 23, 2007.

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


By:     /s/ V. Terence Franzke          Chief Financial Officer
    -------------------------
        V. Terence Franzke