UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

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(Mark one)
   X       QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
--------   ACT OF 1934


                 For the quarterly period ended October 31, 2001

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


                 For the transition period from _____________ to _____________

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                         Commission File Number: 0-9483
                                                 ------

                            Tomahawk Industries, Inc.
        (Exact name of small business issuer as specified in its charter)

         Nevada                                                 95-3502207
------------------------                                ------------------------
(State of incorporation)                                (IRS Employer ID Number)

                  211 West Wall Street, Midland, TX 70701-4556
                    (Address of principal executive offices)

                                 (800) 351-4515
                           (Issuer's telephone number)


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Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. YES X  NO
                                                             ---   ---

State the number of shares outstanding of each of the issuer's classes of common
equity  as of  the  latest  practicable  date:  December  10,  2001:  56,637,228
                                                --------------------------------

Transitional Small Business Disclosure Format (check one): YES    NO X
                                                              ---   ---
<PAGE>



                            Tomahawk Industries, Inc.

               Form 10-QSB for the Quarter ended October 31, 2001

                                Table of Contents


                                                                          Page
                                                                          ----
Part I - Financial Information

  Item 1   Financial Statements                                             3

  Item 2   Management's Discussion and Analysis or Plan of Operation        9


Part II - Other Information


  Item 2 - Changes in Securities                                            9

  Item 4   Submission of Matters to a Vote of Security Holders             10

  Item 6   Exhibits and Reports on Form 8-K                                10


Signatures                                                                 10


                                                                               2

<PAGE>

Item 1 - Part 1 - Financial Statements

                            Tomahawk Industries, Inc.
                                 Balance Sheets
                            October 31, 2001 and 2000

                                   (Unaudited)

                                                     October 31,    October 31,
                                                         2001           2000
                                                     -----------    -----------
                                     Assets
                                     ------
Assets
   Cash on hand and in bank                          $       846    $      --
                                                     -----------    -----------

Total Assets                                         $       846    $      --
                                                     ===========    ===========


                      Liabilities and Shareholders' Equity
                      ------------------------------------

 Liabilities
     Accounts payable - trade                        $      --      $    30,389
     Advances from shareholder                              --             --
                                                     -----------    -----------

   Total Liabilities                                        --           30,389
                                                     -----------    -----------


Commitments and contingencies


Shareholders' Equity
   Common stock - $0.001 par value
     200,000,000 shares authorized
     56,637,228 and 16,637,228 shares
     issued and outstanding, respectively                 56,637         16,637
   Additional paid-in capital                          5,443,447      5,443,447
   Accumulated deficit                                (5,499,238)    (5,490,473)
                                                     -----------    -----------

     Total shareholders' equity                          (39,154)       (30,389)
                                                     -----------    -----------

Total Liabilities and Shareholders' Equity           $       846    $      --
                                                     ===========    ===========



The  financial information presented herein has been prepared by management
     without audit by independent certified public accountants.
The accompanying notes are an integral part of these financial statements.

                                                                               3


<PAGE>
<TABLE>
<CAPTION>


                            Tomahawk Industries, Inc.
                Statements of Operations and Comprehensive Income
              Six and Three months ended October 31, 2001 and 2000

                                   (Unaudited)

                                          Six months      Six months     Three months    Three months
                                            ended           ended           ended           ended
                                          October 31,     October 31,     October 31,     October 31,
                                              2001            2000            2001            2000
                                         ------------    ------------    ------------    ------------
<S>                                      <C>             <C>             <C>             <C>

Revenues                                 $       --      $       --      $       --      $       --
                                         ------------    ------------    ------------    ------------

Expenses
   General and administrative expenses         16,588          (7,489)         16,588            (300)
                                         ------------    ------------    ------------    ------------

Income (Loss) from operations                 (16,588)         (7,489)        (16,588)           (300)

Other Income (Expense)
   Interest income                                 16            --                 7            --
                                         ------------    ------------    ------------    ------------

Income (Loss) before
   provision for income taxes                 (16,572)         (7,489)        (16,581)           (300)

Provision for income taxes                       --              --              --              --
                                         ------------    ------------    ------------    ------------

Net Income (Loss)                             (16,572)         (7,489)        (16,581)           (300)

Other Comprehensive Income                       --              --              --              --
                                         ------------    ------------    ------------    ------------

Comprehensive Income (Loss)              $    (16,572)   $     (7,489)   $    (16,581)   $       (300)
                                         ============    ============    ============    ============

Loss per weighted-average share
   of common stock outstanding,
   computed on Net Loss - basic
   and fully diluted                              nil             nil             nil             nil
                                         ============    ============    ============    ============

Weighted-average number of shares
   of common stock outstanding             24,771,126      16,637,228      32,724,185      16,637,228
                                         ============    ============    ============    ============
</TABLE>


The  financial information presented herein has been prepared by management
     without audit by independent certified public accountants.
The accompanying notes are an integral part of these financial statements.

                                                                               4


<PAGE>
<TABLE>
<CAPTION>

                            Tomahawk Industries, Inc.
                            Statements of Cash Flows
                   Six months ended October 31, 2001 and 2000

                                   (Unaudited)

                                                                          Six months    Six months
                                                                            ended          ended
                                                                         October 31,    October 31,
                                                                             2001           2000
                                                                         -----------    -----------
<S>                                                                      <C>            <C>
Cash Flows from Operating Activities
   Net Income (Loss)                                                     $   (16,572)   $    (7,489)
   Adjustments to reconcile net income to net cash
     provided by operating activities
       Increase (Decrease) in Accounts payable - trade                          --            7,489
                                                                         -----------    -----------

Net cash used in operating activities                                        (16,572)          --
                                                                         -----------    -----------


Cash Flows from Investing Activities                                            --             --
                                                                         -----------    -----------


Cash Flows from Financing Activities
   Proceeds from sale of common stock                                         15,000           --
                                                                         -----------    -----------

Increase (Decrease) in Cash and Cash Equivalents                              (1,572)          --

Cash and cash equivalents at beginning of period                               2,418           --
                                                                         -----------    -----------

Cash and cash equivalents at end of period                               $       846    $      --
                                                                         ===========    ===========

Supplemental Disclosures of Interest and Income Taxes Paid
   Interest paid during the period                                       $      --      $      --
                                                                         ===========    ===========
   Income taxes paid (refunded)                                          $      --      $      --
                                                                         ===========    ===========

Supplemental Disclosure of Non-Cash Investing and Financing Activities
   Conversion of loan from shareholder to common stock                   $    25,000    $      --
                                                                         ===========    ===========
</TABLE>


The  financial information presented herein has been prepared by management
     without audit by independent certified public accountants.
The accompanying notes are an integral part of these financial statements.

                                                                               5

<PAGE>
                            Tomahawk Industries, Inc.

                          Notes to Financial Statements


Note A - Organization and Description of Business

Tomahawk Industries, Inc. (Company) was incorporated under the laws of the State
of Nevada on May 13, 1980.  From its  inception  through  1988,  the Company was
engaged in oil and gas  exploration.  Beginning in 1984, the Company entered the
business of installing  energy recovery and energy saving devices through a then
wholly- owned subsidiary.

In July 1987,  the Company  filed for  protection  under Chapter 11 of the U. S.
Bankruptcy Code and operated as a debtor-in-possession.  Subsequent thereto, the
petition  for  bankruptcy  protection  was  denied  and the  Company  ceased all
business operations and abandoned all net assets remaining by April 30, 1988.

The Company has effectively had no operations,  assets or liabilities  since its
fiscal year ended April 30, 1998.  Accordingly,  the Company is  dependent  upon
management and/or significant shareholders to provide sufficient working capital
to preserve the integrity of the corporate entity at this time. It is the intent
of management and significant shareholders to provide sufficient working capital
necessary to support and preserve the integrity of the corporate entity.

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange Commission on its Annual Report on Form 10-KSB for the year ended April
30, 2001. The information  presented within these interim  financial  statements
may not  include  all  disclosures  required by  generally  accepted  accounting
principles and the users of financial  information  provided for interim periods
should refer to the annual  financial  information  and footnotes when reviewing
the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending April 30, 2002.

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


Note B - Summary of Significant Accounting Policies

1.   Cash and cash equivalents
     -------------------------

     For  Statement of Cash Flows  purposes,  the Company  considers all cash on
     hand  and  in  banks,  including  accounts  in  book  overdraft  positions,
     certificates of deposit and other highly-liquid investments with maturities
     of three months or less, when purchased, to be cash and cash equivalents.


                                                                               6

<PAGE>



                            Tomahawk Industries, Inc.

                    Notes to Financial Statements - Continued


Note B - Summary of Significant Accounting Policies - Continued

2.   Income Taxes
     ------------

     The Company uses the asset and liability  method of  accounting  for income
     taxes. At October 31, 2001 and 2000,  respectively,  the deferred tax asset
     and deferred  tax  liability  accounts,  as recorded  when  material to the
     financial  statements,  are entirely  the result of temporary  differences.
     Temporary  differences  represent  differences in the recognition of assets
     and  liabilities  for  tax  and  financial  reporting  purposes,  primarily
     accumulated depreciation and amortization,  allowance for doubtful accounts
     and vacation accruals.

     As of October  31, 2001 and 2000,  the  deferred  tax asset  related to the
     Company's net operating loss  carryforward  is fully  reserved.  Due to the
     provisions  of Internal  Revenue  Code  Section  338,  the Company may have
     limited net  operating  loss  carryforwards  available to offset  financial
     statement or tax return  taxable  income in future periods as a result of a
     Fiscal 2000 change in control involving 50 percentage points or more of the
     issued and outstanding securities of the Company.

3.   Income (Loss) per share
     -----------------------

     Basic  earnings  (loss) per share is computed  by  dividing  the net income
     (loss) by the weighted-average  number of shares of common stock and common
     stock  equivalents  (primarily  outstanding  options and warrants).  Common
     stock equivalents  represent the dilutive effect of the assumed exercise of
     the  outstanding  stock  options and  warrants,  using the  treasury  stock
     method.  The calculation of fully diluted earnings (loss) per share assumes
     the dilutive effect of the exercise of outstanding  options and warrants at
     either the  beginning  of the  respective  period  presented or the date of
     issuance,   whichever   is  later.   As  of  October  31,  2001  and  2000,
     respectively,  the Company has no outstanding  stock  warrants,  options or
     convertible  securities  which could be considered as dilutive for purposes
     of the loss per share calculation.


Note C - Fair Value of Financial Instruments

The carrying amount of cash,  accounts  receivable,  accounts  payable and notes
payable, as applicable,  approximates fair value due to the short term nature of
these items  and/or the current  interest  rates  payable in relation to current
market conditions.


Note D - Compliance with Laws and Regulations

Prior to 1988,  the Company sold  approximately  55,162,000  pre-August 24, 2001
reverse  split shares at prices  ranging  from $0.03 to $0.10 per share.  In the
opinion of the  Company's  legal counsel at the time of the various stock sales,
such shares were sold as private placements and, accordingly,  were made without
the filing of  registration  statements.  Subsequent  legal counsel  advised the
Company that said sales may not have constituted valid private placements of the
Company's  common stock and,  accordingly,  the Company may have been subject to
claims of recision and/or damages.  Current  management and legal counsel are of
the  opinion  that the  applicable  statutes  of  limitation  on any actions for
recision  and/or  damages  with respect to the sales of such shares have expired
and no  further  liability  for  payment of those  funds or claims for  recision
exists as of October 31, 2000.

                                                                               7

<PAGE>
                           Tomahawk Industries, Inc.

                   Notes to Financial Statements - Continued



Note D - Compliance with Laws and Regulations - Continued

In June 1986,  the Company and it's then  President  and other former  corporate
officers  agreed to a permanent  injunction  issued by the U. S.  Securities and
Exchange  Commission (SEC). Under the provisions of the injunction,  the Company
and its former  officers  agreed,  among other  things,  to refrain from selling
common  stock  of the  Company  unless  and  until an  appropriate  registration
statement has been filed with the SEC.  Through  December 10, 2001,  the Company
has not  filed an  appropriate  Registration  Statement  with the SEC and has no
future plans to do so.


Note E - Advances from Controlling Shareholder

On January 2, 2001,  the Company's  controlling  shareholder  loaned the Company
$25,000 to support  operations,  settle  outstanding  trade accounts payable and
provide  working  capital.   The  advance  was  repayable  upon  demand  and  is
non-interest  bearing. On September 25, 2001, the shareholder executed a private
placement letter  converting this advance into 25,000,000  shares of restricted,
unregistered common stock.


Note F - Common Stock Transactions

During the August 24, 2001 Special  Meeting of  Shareholders,  a one (1) for ten
(10) reverse  stock split on the issued and  outstanding  shares of common stock
was approved.  This action was  subsequently  enacted by the Company's  Board of
Directors  and  caused  the  issued  and  outstanding  shares to  decrease  from
166,373,094  to  16,637,228.  The  effect  of this  action is  reflected  in the
accompanying  financial  statements  as of the  first  day of the  first  period
presented.

On  September  25,  2001,  the Company  sold  15,000,000  shares of  restricted,
unregistered  common  stock at $0.001 per share for gross  proceeds  of $15,000,
pursuant to a private  placement  memorandum to an entity owned by the Company's
President  and Chief  Executive  Officer.  These  funds were used to support the
working  capital needs of the Company.  The Company  relied upon Section 4(2) of
The Securities Act of 1933, as amended,  for an exemption from  registration  on
these shares.

On  September  25,  2001,  the Company  converted  $25,000 in advances  from the
Company's  President  and Chief  Executive  Officer  into  25,000,000  shares of
restricted, unregistered common stock at $0.001 per share, pursuant to a private
placement memorandum. These funds were used to settle outstanding trade accounts
payable and provide  working  capital for the Company.  The Company  relied upon
Section 4(2) of The  Securities  Act of 1933, as amended,  for an exemption from
registration on these shares.



                (Remainder of this page left blank intentionally)





                                                                               8

<PAGE>



Part I - Item 2

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations

(1) Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.

(2) Results of Operations, Liquidity and Capital Resources

Tomahawk Industries, Inc. (Company) was incorporated under the laws of the State
of Nevada on May 13, 1980.  From its  inception  through  1988,  the Company was
engaged in oil and gas  exploration.  Beginning in 1984, the Company entered the
business of installing  energy recovery and energy saving devices through a then
wholly- owned subsidiary.

In July 1987,  the Company  filed for  protection  under Chapter 11 of the U. S.
Bankruptcy Code and operated as a debtor-in-possession.  Subsequent thereto, the
petition  for  bankruptcy  protection  was  denied  and the  Company  ceased all
business operations and abandoned all net assets remaining by April 30, 1988.

The Company has effectively had no operations,  assets or liabilities  since its
fiscal year ended April 30, 1998. The Company is currently  dependent upon funds
advanced  or loaned by the  Company's  directors  and  officers.  The  Company's
officers and directors have no formal  commitments or arrangements to advance or
loan funds to the Company. In such a restricted cash flow scenario,  the Company
would be unable to complete any business plan steps, and would,  instead,  delay
all cash intensive  activities.  Without necessary cash flow, the Company may be
dormant during the next twelve months, or until such time as necessary funds are
available to the Company.

The Company is currently seeking a suitable merger or acquisition candidate.


Part II - Other Information

Item 2 - Changes in Securities

     During the August 24, 2001 Special Meeting of  Shareholders,  a one (1) for
     ten (10) share reverse stock split on the issued and outstanding  shares of
     common  stock was  approved.  This action was  subsequently  enacted by the
     Company's Board of Directors and caused the issued and  outstanding  shares
     to decrease from  166,373,094 to  16,637,228.  The effect of this action is
     reflected in the accompanying  financial  statements as of the first day of
     the first period presented.

     On September 25, 2001,  the Company sold  15,000,000  shares of restricted,
     unregistered  common  stock at  $0.001  per share  for  gross  proceeds  of
     $15,000,  pursuant to a private  placement  memorandum  to Little & Company
     Investment  Securities,  Inc.,  an  entity  owned by Glenn A.  Little,  the
     Company's  President and Chief Executive Officer.  These funds were used to
     support the working  capital needs of the Company.  The Company relied upon
     Section 4(2) of The  Securities  Act of 1933, as amended,  for an exemption
     from registration on these shares.


                                                                               9

<PAGE>


     On September 25, 2001,  the Company  converted the $25,000 in advances from
     Glenn A. Little,  the Company's  President and Chief Executive Officer into
     25,000,000  shares of restricted,  unregistered  common stock at $0.001 per
     share, pursuant to a private placement memorandum. These funds were used to
     settle  outstanding  trade accounts payable and provide working capital for
     the Company.  The Company relied upon Section 4(2) of The Securities Act of
     1933, as amended, for an exemption from registration on these shares.

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

     The Company held a Special  Meeting of Shareholders on August 24, 2001. The
     following items were presented for a vote of the shareholders:

1)   Election of Directors
       Glenn A. Little    For: 41,661,542     Against: 0        Abstain: 0
       Matthew Blair      For: 41,631,742     Against: 0        Abstain: 6,600

2)   Appointment of S. W. Hatfield, CPA as Independent Auditor for the Company

                          For: 34,787,850     Against: 7,660    Abstain: 175,800

3)   Approval of a 1:10 reverse split of the issued and outstanding common stock
     of the Company
                          For: 35,545,123     Against: 295,917  Abstain: 300,770

Item 6 - Exhibits and Reports on Form 8-K

     Exhibits - None
     Reports on Form 8-K - None

--------------------------------------------------------------------------------


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized. Tomahawk Industries, Inc.

December  10  , 2001                                        /s/ Glenn A. Little
         ----                                             ----------------------
                                                          Glenn A. Little
                                                          President and Director



                                                                              10

<PAGE>