UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 10-KSB

[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the fiscal year ended February 28, 2001

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

   For the transition period from        n/a      to       n/a

   Commission file number: 000-30041

Exact name of small business issuer as specified in its charter

Cambridge Creek Companies Ltd.

            Nevada                               #76-0609436
State or other jurisdiction of       IRS Employer Identification No.
incorporation or organization

              Suite # 676, 141 - 757 West Hastings Street
                      Vancouver, British Columbia,
                            Canada V6C 1A1
                Address of principal executive offices

                            (604) 681-7806
                      Registrant's telephone number

Securities registered pursuant to section 12(b) of the Act

         None

Securities registered pursuant to section 12(g) of the Act

        25,000,000 shares of common stock with a par value of $0.001 each

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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (s229.405 of this chapter) is not contained herein, and will
not 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]

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates of the registrant. The aggregate market value shall be
computed by reference to the price at which the common equity was sold, or the
average bid and asked prices of such common equity, as of a specified date
within 60 days prior to the date of filing. (See definition of affiliate in Rule
405, 17 CFR 230.405) Note - If a determination as to whether a particular person
or entity is an affiliate cannot be made without involving unreasonable effort
and expense, the aggregate market value of the common stock held by
non-affiliates may be calculated on the basis of assumptions reasonable under
the circumstances, provided that the assumptions are set forth in this Form.

<PAGE>

Aggregate market value of voting common equity held by non-affiliates as of
February 28, 2001

Not Applicable

Aggregate market value of non-voting common equity held by non-affiliates as of
February 28, 2001

$NIL

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

Outstanding shares of common stock as of August 01, 2001: 2,500,000

Documents incorporated by reference:

The Company incorporates by reference various exhibits from the Company's
registration statement on form 10 SB that became effective ________

Cambridge Creek Companies, Ltd.

Index

Part I
     Item 1.        Description of Business
     Item 2.        Description of Properties
     Item 3.        Legal Proceedings
     Item 4.        Submission of Matters to a Vote of Security Holders
Part II
     Item 5.        Market for Common Equity and Related Stockholders
                    Matters
     Item 6.        Management's Discussion and Analysis or Plan of
                    Operation
     Item 7.        Financial Statements
     Item 8.        Changes in and Disagreements with Accountants on
                    Accounting and Financial Disclosure
Part III
     Item 9.        Directors, Executive Officers, Promoters and
                    Control Persons; Compliance with Section 16(a) of the
                    Exchange Act
     Item 10.       Executive Compensation
     Item 11.       Security Ownership of Certain Beneficial Owners
                    and Management
     Item 12.       Certain Relationships and Related Transactions
Part IV
     Item 13.       Exhibits and Reports on form 8-K
     Signatures

<PAGE>

PART I

Item 1. Description of Business

     Cambridge Creek Companies Ltd. (the Company) was incorporated under the
laws of the State of Nevada on May 27,1999 and is in the early developmental and
promotional stages. To date, the Company's only activities have been
organizational, directed at developing its business plan (see form 10SB). The
Company has not commenced operations of any kind. The Company has no full time
employees and owns no real estate. There have been no bankruptcy, receivership
or similar proceedings. There has been no material reclassification, merger,
consolidation, purchase or sale of any significant amount of assets.

The business plan of the Company is to merge with or acquire a business entity
in exchange for the Company's securities. The Company meets the definition of a
blank check company under the Securities Act of 1933 which defines a blank check
company as a development stage company that has no specific business plan or
purpose or has indicated that its business plan is to engage in a merger or
acquisition with an unidentified company or companies and is issuing penny stock
securities.

The Market for Blank Check Companies

The Company is seeking out a target company through solicitation in the North
American business and finance community and is limited by its networking ability
and by its lack of resources.

Target Sources and Availability

Targets for a merger or acquisition are available from various sources and may
be contacted by solicitation which may include newspaper or magazine
advertisements, mailings and other distributions to law firms, accounting firms,
investment bankers, financial advisors and similar persons, the use of one or
more internet web sites and similar methods.

Major Customer Dependency

The Company is not dependent on any one customer, contact source or target.

Competition

The company is in competition with other similar blank check companies and is
competing in a finite market with limited opportunities and resources and
subject to the vagaries of the capital markets and investment climate.

<PAGE>


Distribution of the Company's product

No estimate can be made as to the number of persons who will be contacted or
solicited. Management may engage in such solicitation directly or may employ one
or more other entities to conduct or assist in such solicitation. Management and
its affiliates will likely pay referral fees to consultants and others who refer
target businesses for mergers into public companies in which management and its
affiliates have an interest. Payments would be made if a business combination
occurs, and may consist of cash or a portion of the stock in the Company
retained by management or its affiliates or both.

Technology Protection

Not applicable - the Company has no technology at this point.

Need for Government Approvals

There are no Government approvals required for the Company's business at this
time.

Effect of Existing or Probable Government regulations

The Company is subject to all of the reporting requirements included in the
Exchange Act. Included in these requirements is the duty of the Company to file
audited financial statements as part of or within 60 days following its Form 8K
to be filed with the Securities and Exchange Commission (SEC) upon consummation
of a merger or acquisition, as well as the Company's audited financial
statements included in its annual report on Form 10K (or 10K SB, as applicable)
and. The Company is also required to file its quarterly results on Form 10Q (or
10Q SB, as applicable) and all other reports as may be required by Securities
legislation. The Company will also be subject to the SEC's penny stock rules,
should it become a publicly traded company.

Research and Development Expenditures

The Company has no operations and has incurred no research and development
expenditures.

Costs and Effects of Compliance with Environmental Laws

The Company has incurred no costs nor suffered any effects to maintain
compliance with any environmental laws.

Employees

As of February 28, 2001 the Company had no employees.

Public Information

The Company electronically files with the Securities and Exchange Commission
(SEC) all its reports, including, but not limited to, its annual and quarterly
reports. The SEC maintains an internet site (http://www.sec.gov) that contains
reports, proxy and information statements, and other information regarding
issuers that do file electronically. The Company is currently delinquent in
filing its quarterly report for November 30, 2000 (past due January 15,
2001), its annual report for February 28, 2001 (past due May 31, 2001) and its
quarterly report for May 31, 2001 (past due July 15, 2001).

<PAGE>


Item 2. Description of Properties

     The Company currently has no rental or lease obligations and owns no
property.

Item 3. Legal Proceedings

     No change since previous filing. The company is not currently involved in
any legal proceedings and is not aware of any pending legal proceedings.

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

     No change since previous filing.

PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters

     There currently is no market for the Company's shares, which shares are not
yet registered for trading. There is no guarantee that the Company's shares ever
will qualify for trading.

Item 6. Management's Discussion and Analysis or Plan of Operation

     The following discussion, comparison and analysis should be read in
conjunction with the Company's accompanying audited financial statements for the
year ended February 28, 2001 and the notes related thereto. The discussion of
results, causes and trends should not be construed to infer conclusions that
such results, causes or trends necessarily will continue in the future.

RESULTS OF OPERATIONS

The following table sets forth for the year ends indicated items included in the
Company's  statement of operations:

                                                      2001                 2000

Revenue                                           $         0      $          0

Operating expenses
 net of other income                                    1,500             3,855

Net income (loss)                                 $    (1,500)     $     (3,855)

Net income (loss) per share                       $   (0.0006)     $    (0.0015)

During the year ended February 28, 2001 and for the period from incorporation
May 27, 1999 to February 28, 2000 the Company has engaged in no significant
operations other than organizational activities. No revenues were received by
the Company during this period.

The Company's working capital deficit worsened to $(5,355) at February 28, 2001
from a deficit of $(3,855) at February 28, 2000.

The Company cannot predict to what extent its liquidity and capital resources
will be diminished prior to the consummation of a business combination or
whether its capital will be further depleted by the operating losses (if any) of
the business entity which the Company may eventually acquire.

The Company will need additional capital to carry out its business plan to
engage in a business combination. No commitments to provide additional funds
have been made by management or stockholders. Accordingly, there can be no
assurance that any additional funds will be available on terms acceptable to the
Company or at all.

<PAGE>

Certain statements in this report and elsewhere (such as in other filings by the
Company with the Securities and Exchange Commission ("SEC"), press releases,
presentations by the Company of its management and oral statements) may
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995.  Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates," and
"should," and variations of these words and similar expressions, are intended to
identify these forward-looking statements. Actual results may materially differ
from any forward-looking statements.  Factors that might cause or contribute to
such differences include, among others, competitive pressures and constantly
changing technology and market acceptance of the Company's products and
services.  The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements, which may be made to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

<PAGE>

Item 7. Financial Statements

Cambridge Creek Companies, Ltd.
A Development Stage Company
Index to Financial Statements
February 28, 2001 and February 28, 2000
(U.S. Dollars)



INDEX                                                                      Page

Report of Independent Chartered Accountants                                   1

Financial Statements

Balance Sheet                                                                 2

Statement of Operations                                                       3

Statement of Stockholders' Equity                                             4

Statement of Cash Flows                                                       5

Notes to Financial Statements                                               6-7

<PAGE>
Page 1

REPORT OF INDEPENDENT CHARTERED ACCOUNTANTS

TO THE BOARD OF DIRECTORS
OF CAMBRIDGE CREEK COMPANIES, LTD.
(A Development Stage Company)

We have audited the balance sheet of Cambridge Creek Companies, Ltd. (A
Development Stage Company) as at February 28, 2001 and the statements of
operations, stockholders' equity (deficiency) and cash flows for the year ended
February 28, 2001.  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.  The financial statements from May 27,
1999 (inception) through February 28, 2000 were audited by other auditors whose
report dated March 16, 2000 expressed an unqualified opinion on these
statements.  Our opinion, insofar as it relates to the cumulative totals for
development stage operations from May 27, 1999 (inception) through February 28,
2001 is based solely on the report of the other auditors.

We conducted our audit in accordance with auditing standards generally accepted
in the United States of America.  Those standards require that we plan and
perform an audit to obtain reasonable assurance 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, these financial statements present fairly, in all material
respects, the financial position of Cambridge Creek Companies, Ltd. (a
Development Stage Company), as at February 28, 2001 and the results of its
operations and its cash flows for the period from May 27, 1999 (date of
inception) to February 28, 2001, in conformity with generally accepted
accounting principles in the United States of America.  Our opinion, insofar as
it relates to the cumulative totals for development stage operations from May
27, 1999 (inception) through February 28, 2001, is based solely on the report of
the other auditors.

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern.  As discussed in note 1 to the financial
statements, the Company has not generated any revenues or conducted any
operations since inception.  These factors raise substantial doubt about its
ability to continue as a going concern.  Management's plan in regard to these
matters are also discussed in note 1.  The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

/s/ Smythe Ratcliffe

Chartered Accountants

Vancouver, Canada
August 31, 2001

<PAGE>
Page 2

                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                                   Balance Sheet
                                    February 28
                                   (U.S. Dollars)

                                                          2001          2000

Assets

License (note 3)                                    $         0     $         0
                                                    -----------     -----------
                                                    $         0     $         0

Liabilities

Accounts Payable                                    $     2,700     $     1,200

Stockholders' Equity (Deficiency)
Common Stock, 25,000,000 shares
  authorized with a par value of $0.001
  each; 2,500,000 issued and outstanding                  2,500           2,500
Additional Paid-in Capital                                  155             155
Deficit Accumulated During the Development Stage         (5,355)         (3,855)
                                                    -----------     -----------
                                                         (2,700)         (1,200)
                                                    -----------     -----------
                                                    $         0     $         0

<PAGE>
Page 3


                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                            Statement of Operations
      Period from May 27, 1999 (Date of Inception) to February 28, 2001
                                  (U.S. Dollars)

                                                                        From
                                                                    May 27, 1999
                                                      Year Ended        to
                                                      February 28,  February 28,
                                                          2001         2000

Revenues                                            $         0     $         0

Expenses
  Professional fees                                       1,500               0
  Transfer agent                                              0           1,200
  License                                                     0           2,000
  Organization expenses                                       0             655
                                                    -----------     -----------
                                                          1,500           3,855

Net Loss                                            $    (1,500)    $    (3,855)
                                                    -----------     -----------

<PAGE>
Page 4


                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                         Statement of Stockholders' Equity
      Period from May 27, 1999 (Date of Inception) to February 28, 2001
                                  (U.S. Dollars)
<TABLE>
<CAPTION>
                                                      Common Stock                                       Total
                                             --------------------------------
                                                Number                                 Accumulated     Stockholders'
                                               of Shares           Amount                Deficit          Equity
<S>                                          <C>                   <C>                 <C>               <C>
Balance - May 27, 1999 (date of inception)          0              $        0          $       0         $       0

Stock issued for $500 of organizational
   expenses                                   500,000                     500                  0               500

Additional paid-in capital for
   organizational expenses incurred by a
   director on behalf of the Company                0                     155                  0               155

Stock issued for "The Biocatalyst License"
   at a fair market value of $0.001 per
   share                                    2,000,000                   2,000                  0             2,000
                                            ---------              ----------          ---------         ---------

Net loss                                            0                       0             (5,355)           (5,355)
                                            ---------              ----------          ---------         ---------

Balance, February 28, 2001                  2,500,000              $    2,655          $  (5,355)        $  (2,700)
                                            =========              ==========          =========         =========
</TABLE>

<PAGE>
Page 5

                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                              Statement of Cash Flows
      Period from May 27, 1999 (Date of Inception) to February 28, 2001
                                  (U.S. Dollars)

Operating Activities
  Net loss                                                          $    (5,355)

Change in Non-Cash Working Capital
   Non cash expense                                                       2,155
   Accounts payable                                                       2,700

Cash Used in Operating Activities                                          (500)

Financing Activities
   Increase in shares issued                                                500

Change in Cash                                                                0
                                                                    -----------

Cash, Beginning of Period                                                     0
                                                                    -----------

Cash, End of Period                                                 $         0
                                                                    ===========

A total of 2,000,000 shares were issued at a fair market value
of $0.001 per share for the acquisition of a license (note 3)       $     2,000
                                                                    ===========

Organization costs paid for by a director for no consideration
treated as additional paid-in capital                               $       155
                                                                    ===========

Supplemental Information
   Interest paid                                                    $         0
   Income tax paid                                                  $         0

<PAGE>
Page 6

                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                          Notes to Financial Statements
          Period from May 27, 1999 (Date of Inception) to February 28, 2001
                                  (U.S. Dollars)

1.     DEVELOPMENT STAGE COMPANY

Cambridge Creek Companies, Ltd. herein (the "Company") was incorporated in the
State of Nevada, U.S.A. on May 27, 1999.  The Company acquired a license to
market and distribute a product.  As discussed in note 3, this license is in
jeopardy and the Company has retained the right to sue the vendor.

The Company's new business plan is as a "blank check" company.  Under the
Securities Act of 1933, a blank check company is defined as a development stage
company that has no specific business plan or purpose or has indicated that its
business plan is to engage in a merger or acquisition with an unidentified
company or companies and is issuing "penny stock" securities.

In a development stage company, management devotes most of its activities in
investigating business opportunities.  Planned principal activities have not yet
begun.  The ability of the Company to emerge from the development stage with
respect to any planned principal business activity is dependent upon its
successful efforts to raise additional equity financing and find an appropriate
merger candidate.  There is no guarantee that the Company will be able to raise
any equity financing or find an appropriate merger candidate.  There is
substantial doubt regarding the Company's ability to continue as a going
concern.

2.     SIGNIFICANT ACCOUNTING POLICIES

(a)     Year-end

        The Company's fiscal year-end is February 28.

(b)     Licenses

        Costs to acquire licenses are expensed as incurred.

(c)     Cash and cash equivalents

        The Company considers all highly liquid instruments with a maturity of
        three months or less at the time of issuance to be cash equivalents.

(d)     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 amount of assets and liabilities
        and disclosures 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 those
        estimates and would impact future results of operations and cash flows.


<PAGE>
Page 7


                         CAMBRIDGE CREEK COMPANIES, LTD.
                          (A Development Stage Company)
                          Notes to Financial Statements
          Period from May 27, 1999 (Date of Inception) to February 28, 2001
                                  (U.S. Dollars)

3.     LICENSE

The Company's only asset is a license to distribute and produce an oxygen
enriched water product, called "Biocatalyst," for remediation of sewage and
waste water in septic tanks and waste water treatment facilities, and for other
similar uses, and the rights accruing from this license.  The Company's original
business plan was to determine the feasibility of the Biocatalyst sewage and
waste remediation application, and, if Biocatalyst proved to be feasible for
this application, become a Biocatalyst producer.  The Company acquired the
three-year license from Mortenson & Associates on July 1, 1999 by issuing
2,000,000 shares at a fair market value of $0.001 or $2,000.  The general
partner of Mortenson & Associates is also a spouse of a former director and
officer of the Company.  Mortenson & Associates acquired its right to
sub-license Biocatalyst to the Company from NW Technologies.

In December, 1999, David R. Mortenson, Mortenson & Associates' principal,
notified the Company that he was involved in a legal dispute with NW
Technologies, and would be unable to fulfil his obligations under the license to
the Company.  As a result, the Company's ability to implement its business plan
was seriously undermined.  On February 18, 2000, Mortenson & Associates, the
Company, and the Company's sole shareholder, Douglas Roe, entered into a
settlement agreement.  Under the terms of the settlement agreement, Mortenson &
Associates' affiliate, Vitamineralherb.com will grant to Douglas Roe a license
to distribute vitamins and similar products in part for his agreement not to
pursue his individual claims against Mortenson & Associates.  The settlement
agreement provides that Mortenson will prosecute his claims against NW
Technologies diligently, with a goal toward recovering the Biocatalyst rights.
Pursuant to the settlement agreement, the Company has retained its right to
prosecute its claims against Mortenson & Associates for breach of contract.  The
Company has no plans to pursue a claim at this time.

4.     RELATED PARTY TRANSACTION

The License referred to in note 3 was sold to the Company by a partnership whose
general manager is the spouse of a former officer and director of the Company
for consideration of 2,000,000 shares for total fair market consideration of
$2,000.  These shares were paid evenly to the ten partners.

<PAGE>
Page 8


Item 8. Changes in and Disagreements With Accountants on Accounting and
        Financial Disclosure

     There are no reportable disagreements on accounting or financial disclosure
issues

PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons;
        Compliance with Section 16(a) of the Exchange Act

     Name of Director          Age             Office
     Douglas Roe                29             President, Secretary, Treasurer,
                                               Director

Item 10. Executive compensation

     During the year the Company did not pay anything to its officer or director
for his services.

Item 11. Security Ownership of Certain Beneficial Owners and Management

                                                    Number of         Percentage
     Class    Name and Address                       Shares         of Shares(1)
--------------------------------------------------------------------------------
     Common   Douglas Roe                           2,500,000             100%
              Suite 37-B3 1410 Parkway Boulevard
              Coquitlam, British Columbia
              Canada  V3E 3J7
--------------------------------------------------------------------------------
     Common   All officers and directors as         2,500,000             100%
              a group
--------------------------------------------------------------------------------

(1)     Based on 2,500,000 shares of common stock issued and outstanding
        February 28, 2001

Item 12. Certain Relationships and Related Transactions

         No change since previous filing

PART IV

Item 13. Exhibits and Reports on Form 8-K

         No change since previous filing

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

(Registrant)                          Cambridge Creek Companies, Ltd.

                                          /s/ DOUGLAS ROE
                                      By (Signature and Title)
                                         Douglas Roe
                                         President, Secretary and Treasurer

Date     September 1, 2001


<PAGE>