UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549[Missing Graphic Reference]
  FORM
10-KSB/A
 Amendment
No. 1
 
 o ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
  For
the Fiscal Year Ended June 30, 2007
  Commission
File Number:   333-142856
  
 1st HOME
BUY & SELL LTD.
 (Name of
Small Business Issuer in Its Charter)
  Nevada
              
              Applied
      For(State
      or Other Jurisdiction
              
              IRS
      Employerof
      Incorporation or Organization)
              
              Identification
      Number
  14199 – 32A Avenue, Surrey,
BC CANADA V4P 3P4
 (Address
and Telephone Number of Principal Executive Offices)
  Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class registered:
              Name
      of each exchange on which registered:Common
              NoneSecurities
      registered under Section 12(g) of the Exchange Act:Common
      Stock, par value $0.001
                (Title
      of class)
  Indicate
by check mark whether the registrant is a well-known seasoned issuer, as defined
in Rule 405 of the Securities Act.    Yes   ̈    No  x
 
 Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Exchange
Act.    x
 
 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.
 Yeso Nox
  Indicate by check mark whether the
registrant is a shell company as defined in Rule 12b-2 of the Exchange
Act.  Yeso Nox
  Check if there is no disclosure of
delinquent filers in response to Item 405 of Regulation S-B not contained in
this form, and no disclosure will be contained, to the best of the 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.
Yeso Nox
  Revenues
for year ended June 30, 2007: CDN$38,725
  Table of Contents
 1
 Number of
shares of the registrant’s common stock outstanding as of October 17, 2007 was
5,200,000.
  Transitional Small Business Disclosure
Format: Yeso Nox
  DOCUMENTS
INCORPORATED BY REFERENCE
  Form
SB-1
  Form
10-QSB (for period ended March 31, 2007)
  Table of Contents
 2
  EXPLANATORY
NOTE
  This
Amendment is being filed to (1) update our financial statements and other
information; and (2) correct certain other information contained in the original
Form 10-KSB as more fully set forth in the Form 8-K filed on February 7, 2008,
which is incorporated by reference herein.
  Table of Contents
 3
 1st Home
Buy & Sell Ltd.
  Table
of Contents
  PART
      II
              PageItem
      7.
              Financial
      Statements
              6
  Table of Contents
 4
 MOORE
& ASSOCIATES, CHARTERED
 ACCOUNTANTS AND
ADVISORS
 PCAOB REGISTERED
 
 
 REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 To the
Board of Directors
 1st Home
Buy & Sell Ltd
 
 
 We have
audited the accompanying restated balance sheet of 1st Home Buy & Sell Ltd
as of June 30, 2007, and the related statements of operations, stockholders’
equity and cash flows through June 30, 2007 and 2006. 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 audits.
 
 We
conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States).  Those standards require
that we plan and perform the audits 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 audits provide 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 1st Home Buy & Sell Ltd. as of
June 30, 2007 and the results of its operations and its cash flows through June
30, 2007 and 2006, in conformity with accounting principles generally accepted
in the United States of America.
 
 The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 3 to the
financial statements, the Company’s has suffered recurring losses from
operations and has a net capital deficiency; this raises substantial doubt about
its ability to continue as a going concern.  Management’s plans
concerning these matters are also described in Note 3.  The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.
 
 
 
 /s/
Moore & Associates, Chartered
 
 Moore
& Associates Chartered
 Las
Vegas, Nevada
 February
6, 2008
 
 
 2675 S. Jones Blvd. Suite
109, Las Vegas, NV 89146 (702) 253-7499 Fax (702)
253-7501
  Table of Contents
 5
 PART
II
 Item
7.    Financial Statements
  1st HOME
BUY AND SELL LTD.
  BALANCE
SHEET (CONSOLIDATED)
  June 30,
2007
 (In
Canadian Dollars)
 
 (Restated)ASSETSCurrent
      AssetCash
                
                $
                9,503Equipment,
      net of accumulated depreciation
                
                
                3,679Patents,
      net of accumulated amortization
                
                
                4,132$
                17,314LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)Current
      LiabilitiesAccounts
      payable and accrued expenses
                
                
                220Shareholders’
      loans
                
                
                8,475Demand
      loans payable to related parties
                
                
                153,176Total
      current liabilities
                
                
                161,871Minority
      Interest
                
                
                0Stockholders'
      Equity (Deficit)Preferred
      stock, USD $.001 par value; 10,000,000shares
      authorized; no shares issued or outstanding
                
                
                -Common
      stock, USD $.001 par value; 100,000,000 shares authorized;Issued:    5,000,000
      shares
                
                
                5,577Additional
      paid-in capital
                
                
                0Retained
      earnings (deficit)
                
                
                (150,134
                )Total
      stockholders' equity (deficit)
                
                
                (144,557
                )$
                17,314
 
 Table of Contents
 6
 1st HOME
BUY AND SELL LTD.
  STATEMENTS
OF OPERATIONS (CONSOLIDATED)
  For the
Years Ended June 30, 2007 and 2006
 (In
Canadian Dollars)
 
 
 2007
                  (Restated)
                
                
                2006Revenue
                
                $
                38,725
                
                
                $
                21,801ExpensesGeneral
      and administrative
                
                
                177,640
                
                
                
                21,027Interest
                
                
                1,949
                
                
                
                784179,588
                
                
                
                21,801Net
      income (loss)
                
                $
                (140,864
                )
                
                $
                0Net
      income (loss) per common share (basic andfully
      diluted)
                
                $
                (0.03
                )
                
                $
                0.00Weighted
      average number of commonshares
      outstanding
                
                
                4,438,356
                
                
                
                0
 
 Table of Contents
 7
 1st HOME
BUY AND SELL LTD.
  STATEMENTS
OF STOCKHOLDERS' EQUITY (CONSOLIDATED)
  For the
Year Ended June 30, 2007
 
 (In
Canadian Dollars)
 
 (Restated)
 AdditionalCommon
      Stock
                
                
                Paid-In
                
                
                RetainedShares
                
                
                Amount
                
                
                Capital
                
                
                Earnings
                
                
                TotalBalances,
      August 10, 2006 (Inception)
                
                
                0
                
                
                $
                0
                
                
                $
                0
                
                
                $
                0
                
                
                $
                0Stock
      subscription
                
                
                5,000,000
                
                
                $
                5,577
                
                
                
                
                
                
                
                
                
                
                
                5,577Recapitalization
      of Pacific Coast Development Corp.
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (9,270
                )
                
                
                (9,270
                )Net
      profit (loss) for the period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                (140,864
                )
                
                
                (140,864
                )Balances,
      June 30, 2007
                
                
                5,000,000
                
                
                $
                5,577
                
                
                $
                0
                
                
                $
                (150,134
                )
                
                $
                (144,557
                )
 Table of Contents
 8
 1st HOME
BUY AND SELL LTD.
  STATEMENTS
OF CASH FLOWS (CONSOLIDATED)
  For the
Years Ended June 30, 2007 and 2006
 (In
Canadian Dollars)
 
 2007
                  (Restated)
                
                
                2006Cash
      Flows from Operating ActivitiesNet
      income (loss)
                
                $
                (140,864
                )
                
                $
                -Adjustments
      to reconcile net income (loss) to netcash
      flows from operating activitiesDepreciation
      and amortization
                
                
                1,017
                
                
                
                535Changes
      in operating assets and liabilities
                
                
                -
                
                
                
                -Accounts
      payable and accrued expenses
                
                
                (1,780
                )
                
                
                (31
                )Net
      cash flows from operating activities
                
                
                (141,627
                )
                
                
                504Cash
      Flows from Investing ActivityPurchases
      of Equipment
                
                
                (2,567
                )
                
                
                -Patents
                
                
                (4,349
                )
                
                
                -Net
      cash flows from investing activities
                
                
                (6,916
                )
                
                
                -Cash
      Flows from Financing ActivitiesProceeds
      from shareholders’ loans
                
                
                13,925
                
                
                
                1,916Payments
      on shareholders’ loans
                
                
                (17,800
                )
                
                
                -Proceeds
      from demand loans from related parties
                
                
                153,176Proceeds
      from stock subscription
                
                
                5,577
                
                
                
                -Net
      cash flows from financing activities
                
                
                154,878
                
                
                
                1,916Change
      in cash
                
                
                6,335
                
                
                
                2,420Cash,
      beginning of the period
                
                
                3,168
                
                
                
                748Cash,
      end of the period
                
                $
                9,503
                
                
                $
                3,168Cash
      paid for interest expense
                
                $
                1,949
                
                
                $
                784Cash
      paid for income taxes
                
                $
                -
                
                
                $
                -
 Table of Contents
 9
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 (In
Canadian Dollars)
 June 30,
2007
 
 
 Note
1 - The Company and Significant Accounting Policies
 
 The
Company
 
 1st Home
Buy and Sell Ltd. (the “Company”) was incorporated under the laws of the state
of Nevada.  The Company, through its subsidiary Pacific Coast
Development Corp. (“PCD”), operates a discount real-estate agency in Surrey,
British Columbia, offering a do-it-yourself style of home buying and selling
through the Canadian Multiple Listing Service (MLS®).
 
 Effective
July 1, 2006, the Company acquired a 70% interest in Pacific Coast Development
Corp. (“PCD”), a British Columbia corporation, for the purpose of advancing the
business plan of PCD. This acquisition is described in more detail in Note
7.
 
 Reporting
Currency
 
 All of
the Company's transactions are denominated in Canadian currency so the Company
has adopted the Canadian dollar as its functional and reporting
currency.  Transaction gains and losses that arise from exchange rate
fluctuations on transactions denominated in a currency other than the local
functional currency are included in "general and administrative expenses" in the
statement of operations, which amounts were not material for the reported
periods.
 
 Principles of
Consolidation
 
 The
consolidated financial statements also include the accounts of the Company and
those of Pacific Coast Development Corp. which is 70% owned by the
Company.  All significant inter-company balances and transactions have
been eliminated.
 
 Cash
 
 Cash
consists of funds in checking accounts held by financial institutions in
Canada.
 
 Revenue
Recognition
 
 Revenue
is recognized in the period in which it is received or receivable if the amount
receivable can be reasonably estimated and its collection is reasonably
assured.
 
 Trust
Accounts
 
 These
consolidated financial statements do not reflect the trust bank account and the
trust liabilities which hold client funds pending the close of real estate
transactions.  As of June 30, 2007, the corporation had, in trust,
$ NIL for its clients.
  Table of Contents
 10
 Earnings (Loss) per
Share
 
 Basic
earnings (loss) per share is computed by dividing the net income (loss)
available to common stockholders by the weighted average number of common shares
outstanding in the period.  Diluted earnings per share takes into
consideration common shares outstanding (computed under basic earnings per
share) and potentially dilutive securities.  Common stock issuable is
considered outstanding as of the original approval date for purposes of earnings
per share computations.  As of June 30, 2007 and 2006, there were no
potentially dilutive securities outstanding.
 
 Estimates
 
 The
preparation of these consolidated financial statements in conformity with
accounting principles generally accepted in the United States requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of these consolidated financial statements and the reported amounts of
revenue and expenses during the period.  Actual results could differ
from these estimates.
 
 Equipment
 
 Equipment
with a life of more than one year and a cost in excess of $500 are capitalized
and depreciated. Depreciation is computed using the declining balance method
based on the estimated useful lives of the assets.
 
 Patents
 
 The
actual costs to write and file patents with the US Patent Office are capitalized
in the period in which funds are paid.  Patents are amortized using
the straight-line method over the estimated useful life.  If the
patent application is ultimately rejected, any remaining unamortized balance
will be expensed in the period it is rejected.  At June 30, 2007, the
Company has one patent application pending which is being amortized over its
estimated useful life of 10 years.
 
 Minority
Interest
 
 The
minority interest balance has been reduced to zero due to the Company’s net
losses.  The deficit balance of $42,159 has been included with the
retained earnings (deficit) as of June 30, 2007 since there is no obligation on
the part of the minority interest holder to fund losses.
 
 Income
Taxes
 
 The
Company accounts for income taxes under the asset and liability
method.  Under this method, deferred assets and liabilities are
recognized based on anticipated future tax consequences attributable to
differences between financial statement carrying amounts of assets and
liabilities and their respective tax bases.  The Company establishes a
valuation allowance to the extent that it is more likely than not that deferred
tax assets will not be recoverable against future taxable income
 
 Table of Contents
 11
 New Accounting
Pronouncements
 
 SFAS No. 151,
Inventory Costs, is
effective for fiscal years beginning after June 15, 2005. This statement
amends the guidance in Accounting Research Bulletin No. 43,
Chapter 4, Inventory Pricing, to clarify the accounting for abnormal
amounts of idle facility expense, freight, handling costs, and wasted material
(spoilage). The adoption of SFAS No. 151 is expected to have no impact
on the Company's consolidated financial statements.
 
 SFAS No. 152,
Accounting for Real Estate
Time-Sharing Transactions, is effective for fiscal years beginning after
June 15, 2005. This statement amends SFAS No. 66, Accounting for Sales of Real
Estate, to reference the financial accounting and reporting guidance for
real estate time-sharing transactions that is provided in American Institute of
Certified Public Accountants Statement of Position 04-2, Accounting for Real Estate
Time-Sharing Transactions. The adoption of SFAS No. 152 is
expected to have no impact on the Company's consolidated financial
statements.
 
 SFAS No. 123(R),
Share-Based Payment,
replaces SFAS No. 123, Accounting for Stock-Based
Compensation, and supersedes APB Opinion No. 25, Accounting for Stock Issued to
Employees. This statement requires that the compensation cost relating to
share-based payment transactions be recognized at fair value in the financial
statements. The Company is required to apply this statement in the first annual
period that begins after December 15, 2005. The adoption of
SFAS No. 123(R) is expected to have no impact on the Company's
consolidated financial statements.
 
 SFAS No. 153,
Exchanges of Nonmonetary
Assets - an amendment of APB Opinion No. 29, is effective for fiscal
years beginning after June 15, 2005. This statement addresses the
measurement of exchange of nonmonetary assets and eliminates the exception from
fair-value measurement for nonmonetary exchanges of similar productive assets in
paragraph 21(b) of APB Opinion No. 29, Accounting for Nonmonetary
Transactions, and replaces it with an exception for exchanges that do not
have commercial substance. The adoption of SFAS No. 153 is not
expected to have a significant impact on the Company's consolidated financial
statements.
 
 The EITF
reached consensus on Issue No. 03-1, The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments, which provides
guidance on determining when an investment is considered impaired, whether that
impairment is other than temporary, and the measurement of an impairment loss.
The FASB issued FSP EITF 03-1-1, Effective Date of Paragraphs 10-20
of EITF Issue No. 03-1, The Meaning of Other-Than-Temporary
Impairment and Its Application to Investments, which delays the effective
date for the measurement and recognition criteria contained in EITF 03-1 until
final application guidance is issued. The adoption of this consensus or FSP is
expected to have no impact on the Company's consolidated financial
statements.
  SFAS No.
154, Accounting Changes and
Error Corrections, a replacement of APB No. 20, Accounting Changes, and SFAS
No. 3, Reporting Accounting
Changes in Interim Financial Statements. SFAS No. 154 changes the
requirements for the accounting for and reporting of a change in accounting
principle. Previously, most voluntary changes in accounting principles required
recognition via a cumulative effect adjustment within net income of the period
of the change. SFAS No. 154 requires retrospective application to prior periods'
financial statements, unless it is impracticable to determine either the
period-specific effects or the cumulative effect of the change. SFAS No. 154 is
effective for accounting changes made in fiscal years beginning after
December 15, 2005; however, this statement does not change the transition
provisions of any existing accounting pronouncements. The adoption of SFAS No.
154 is expected to have no impact on the Company's consolidated financial
statements.
 
 Table of Contents
 12
 In
September 2005, the EITF reached consensus on Issue no. 05-08, Income Tax Consequences of Issuing
Convertible Debt with a Beneficial Conversion Feature. EITF 05-08 is
effective for financial statements beginning in the first interim or annual
reporting period beginning after December 15, 2005. The adoption of EITF
05-08 is expected to have no impact on the Company's consolidated financial
statements.
 
 In
September 2005, the EITF reached consensus on Issue 05-02, The Meaning of 'Conventional
Convertible Debt Instrument' in EITF Issue No. 00-19, 'Accounting for Derivative
Financial Instruments Indexed to, and Potentially Settled in, a Company's Own
Stock.' EITF 05-02 is effective for new instruments entered into and
instruments modified in reporting periods beginning after June 29, 2005. The
adoption of EITF 05-02 is expected to have no impact on the Company's
consolidated financial statements.
 
 In
September 2005, the EITF reached consensus on Issue No. 05-07, Accounting for Modifications to
Conversion Options Embedded in Debt Instruments and Related Issues. EITF
05-07 is effective for future modifications of debt instruments beginning in the
first interim or annual reporting period beginning after December 15, 2005.
The adoption of EITF 05-07 is expected to have no impact on the Company's
consolidated financial statements.
 
 Note
2 - Restatement of Previously Issued Financial Statements
 
 The
Company has restated its balance sheet as of June 30, 2007, and the related
statements of operations, stockholders’ equity, and cash flows.  The
Company has reassessed certain accounting policies and concluded certain items
had been accounted for incorrectly in the past and has restated them
accordingly.
 
 The
restated items are as follows:
 
 ·
                  Amended
      the Statement of Stockholders Equity to record the acquisition of a
      majority interest in PCD as a recapitalization of
  PCD.
 ·
                  Corrected
      the accounting of the consolidation of accounts of the Company with PCD so
      that all inter-company transactions are eliminated. The net effect on the
      balance sheet was a reduction of total assets and paid-in capital by the
      acquisition price paid by the Company for
PCD;
 ·
                  Added
      “Minority Interest” to the Balance Sheet to record share of net income, if
      applicable, owing to the minority shareholder(s) of
  PCD;
 ·
                  Amended
      the Statement of Stockholders Equity to show the date of
      inception;
 ·
                  Corrected
      the weighted average shares outstanding on the Statement of Operations to
      reflect the date of inception.
 
 
 Table of Contents
 13
 Note
3 - Uncertainty as a Going Concern
 
 The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. However, the Company has suffered
recurring losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.
 
 The
Company’s ability to continue as a going concern is dependent upon its ability
to generate profitable operations in the future and/or obtain the necessary
financing to meet its obligations and repay its liabilities arising from normal
business operations when they come due. Management has plans to seek additional
capital through a private placement and public offering of its common stock.
These plans, if successful, will mitigate the factors which raise substantial
doubt about the Company’s ability to continue as a going concern.
 
 The
consolidated financial statements do not include any adjustments that might
result from the outcome of this uncertainty.
 
 Note
4 - Advertising Costs
 
 The
Company expenses advertising and marketing costs as they are incurred. For the
years ended June 30, 2007 and 2006, the Company incurred advertising and
marketing costs of $30,450 and $3,031 respectively.
 
 Note
5 – Demand Loan Payable
 
 Effective
July 1, 2006, the Company entered into a loan agreement with a related party to
borrow up to CDN $250,000 to fund operations and to acquire a non-dilutive 70%
interest in Pacific Coast Develop Corp (“PCD”), a British Columbia
corporation.  The loan does not bear interest and is due on
demand.
 
 Note
6 - Shareholder Loans
 
 A
Corporate officer and shareholder loaned funds to the
Company.   The loan does not bear interest and is due on
demand.
 
 Note
7 - Acquisition
 
 The
Company was incorporated on Aug 10, 2006 under the laws of the State of Nevada.
Initial operations were conducted under the name Pacific Coast Development
Corp., a British Columbia corporation operating out of Surrey, British Columbia.
On July 1, 2006, prior to incorporating, a 70%, non-dilutive interest in PCD for
$100,000 was acquired. At incorporation, this pre-incorporation contract with
PCD was ratified and assumed by the Company by unanimous written consent of its
Board of Directors.
 
 Under the
terms of the acquisition agreement, 233 shares of PCD were acquired for $100,000
cash. This equates to a 70% interest in PCD. The purpose of the acquisition was
to advance the business plan of PCD by creating a vehicle with access to public
funds.
 
 Prior to
assuming the acquisition agreement, the Company was a non-operating shell with
no revenue or expenses. Accordingly, the transaction has been accounted for as a
recapitalization of PCD. The historical financial statements presented in these
consolidated financial statement are those of PCD. The assets and liabilities of
PCD have been included in these consolidated financial statements at their net
book value.  The operations of PCD are combined with the Company as of
July 1, 2006.
 
 Table of Contents
 14
 The
Balance Sheet of the Company prior to the acquisition was as
follows:
 
 Cash
                  
                  $
                  103,112Total
      Assets
                  
                  $
                  103,112Demand
      loans payable
                  
                  
                  103,112Total
      Liabilities
                  
                  
                  103,1125,000,000
      Founder’s Shares Issued at Par Value
                  
                  
                  5,577Stock
      Subscription
                  
                  
                  (5,577
                  )$
                  0
 
 The
assets acquired and liabilities assumed of PCD are as follows:
 
 Cash
                  
                  $
                  3,168Equipment,
      net
                  
                  
                  1,912Total
      Assets
                  
                  $
                  5,080Accounts
      payable and accrued expenses
                  
                  
                  2,000Shareholder
      Loans
                  
                  
                  12,350Total
      Liabilities
                  
                  
                  14,350Net
      Recapitalization
                  
                  
                  (9,270
                  )
 
 Note
8 - Preferred Stock
  The
Company has 10,000,000 shares of preferred stock authorized with a $0.001 par
value but no shares are issued.  This class of stock is a “blank check”
class which means that the rights of this stock will be established at the time
of its issuance.
  Note
9 - Income Taxes
  The
Company is liable for taxes in the United States.  As of June 30, 2007, the
Company did not have any income for tax purposes and therefore, no tax liability
or expense has been included in these consolidated financial
statements.
  The
Company has accumulated net operating loss carry-forwards for tax purposes of
approximately $141,000 that may be available to offset future taxable
income.  These operating loss carry-forwards begin to expire in 2027. 
In accordance with the Tax Reform Act of 1986, annual utilization of the
Company’s net operating loss carry-forwards may be limited if a cumulative
change in ownership of more than 50% is deemed to occur within any three-year
period.
  The
deferred tax asset associated with the operating loss carry-forward is
approximately $48,000.  The Company has provided a valuation allowance
against the deferred tax asset.  The change in the valuation allowance
between 2006 and 2007 was an increase of $48,000.
  Note
10 - Subsequent Events
 
 There
were no subsequent events expected to have a material effect on the Company's
accounting policies or financial reporting.
 Table of Contents
 15
 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 February 27, 2008.
  1stHOME BUY & SELL,
      LTD., a
      Nevada CorporationBy:
              /s/ Daniel L. BaxterDaniel
      L. Baxter
                Chief
      Executive Officer and Chairman of the
Board
  In
accordance with the requirements of the Exchange Act, this report has been
signed by the following persons in the capacities with 1st Home
Buy & Sell Ltd. and on the dates indicated.
  Signature
              
              Position
              
              Date/s/ Daniel L. Baxter
              
              Chief
      Executive Officer & Director
              
              February
      27, 2008Daniel
      L. Baxter/s/ Samuel J. Alderson
              
              Chief
      Financial Officer & Director
              
              February
      27, 2008Samuel
      J. Alderson
  Table of Contents
 16