SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
   [X]   Quarterly report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the quarterly period ended March 31, 2002.

   [  ]  Transition report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934 for the transition period from              to            .


         Commission file number: 0-29601
                                 -------


                              CYBER COSMETICS, INC.
        (Exact name of small business issuer as specified in its charter)




                Nevada                                 88-0360533
                ------                                 ----------
   (State or other jurisdiction of                  (I.R.S. Employer
    incorporation or organization)                 Identification No.)





            268 West 400 South, Suite 300, Salt Lake City, Utah 84101
               (Address of principal executive office) (Zip Code)


                                 (801) 575-8073
                           (Issuer's telephone number)



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   XX     No
                                   ----        ----

The number of outstanding shares of the issuer's common stock, $0.001 par value
(the only class of voting stock), as of May 14, 2002 was 2,042,000.


<PAGE>



                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS..................................................3

Unaudited Balance Sheet as of March 31, 2002...................................4

Unaudited Statement of Operations for the three months ended March 31, 2002 and
2001 and June 3, 1996 (Date of Inception) to March 31, 2002....................5

Unaudited Statement of Cash Flows for the three months ended March 31, 2002 and
2001 and June 3, 1996 (Date of Inception) to March 31, 2002....................6

Notes to Condensed Financial Statements........................................7


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.............8

                                     PART II

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K......................................8

SIGNATURES.....................................................................9

INDEX TO EXHIBITS.............................................................10












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                                        2

<PAGE>



                                     PART I

ITEM 1.           FINANCIAL STATEMENTS

As used herein,  the term  "Company"  refers to Cyber  Cosmetics  Inc., a Nevada
corporation,  and its subsidiaries and predecessors unless otherwise  indicated.
Unaudited,  condensed interim financial statements including a balance sheet for
the  Company  as of  the  quarter  ended  March  31,  2002,  and  statements  of
operations,  and  statements of cash flows for the interim period up to the date
of such  balance  sheet  and the  comparable  period of the  preceding  year are
attached  hereto  as  Pages 4  through  8 and are  incorporated  herein  by this
reference.




























                 [THIS SPACE HAS BEEN LEFT BLANK INTENTIONALLY]

                                        3

<PAGE>



                              CYBER COSMETICS, INC.
                          (A Development Stage Company)
                                  Balance Sheet
                              as of March 31, 2002

<TABLE>
<S>                                                                                      <C>

                                                                                           (Unaudited)
                                                                                          March 31, 2002
                                                                                            -------
ASSETS

CURRENT ASSETS:

     Cash                                                                                   $     -
                                                                                            -------
     TOTAL CURRENT ASSETS                                                                         -

TOTAL ASSETS                                                                                $     -

                                                                                            -------

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

     Accounts Payable                                                                           870
     Accounts Payable - Related Party                                                         6,469
                                                                                            -------
              TOTAL CURRENT LIABILITIES                                                       7,339

STOCKHOLDERS' EQUITY:

     Preferred stock, $.001 par value; authorized 5,000,000 shares; 0 shares issued               -
     Common stock, $.001 par value; authorized 20,000,000 shares;
            2,042,000 shares issued and outstanding on March 31, 2001                         2,042
     Additional paid-in capital                                                                 324
     Accumulated deficit during development stage                                           (9,705)
                                                                                            -------
              TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                          (7,339)
                                                                                            -------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                 $     -

                                                                                            -------
</TABLE>


    The accompanying notes are an integral part of these financial statements


                                        4

<PAGE>



                              CYBER COSMETICS, INC.
                          (A Development Stage Company)
                       Unaudited Statements of Operations
             For the Three Months Ended March 31, 2002 and 2001 and
               June 3, 1996 (Date of Inception) to March 31, 2002



<TABLE>
<CAPTION>

                                                                March 31,     March 31,   Inception to
                                                                  2002         2001      March 31, 2002
                                                                ----------   ----------   --------
<S>                                                            <C>          <C>          <C>

Revenue:
     None                                                       $        -   $        -   $      -
                                                                ----------   ----------   --------

Expenses:
     General & administrative costs                                     31            -    (9,705)
                                                                ----------   ----------   --------

Operating Profit (Loss)                                                (31)           -    (9,705)
                                                                ----------   ----------   --------

     Provision for income taxes                                          -            -          -

                  Net loss                                      $      (31)  $        -   $(9,705)

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

Net loss per common share - basic                               $        -   $        -

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

Weighted average number of shares outstanding - basic            2,042,000    2,042,000

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

</TABLE>










    The accompanying notes are an integral part of these financial statements

                                        5

<PAGE>



                              CYBER COSMETICS, INC.
                         (A Developmental Stage Company)
                       Unaudited Statements of Cash Flows
             For the Three Months Ended March 31, 2002 and 2001 and
               June 3, 1996 (Date of Inception) to March 31, 2002


<TABLE>
<CAPTION>

                                                                                   June 3, 1996
                                                             March 31,  March 31, (Inception) to March
                                                               2002      2001      31, 2002
                                                              ------   --------   ----------
<S>                                                          <C>      <C>        <C>

CASH FLOWS FROM OPERATING ACTIVITIES:

     Net (loss)                                               $  (31)  $      -   $  (9,705)

     Adjustments to reconcile net (loss) to net cash used by
     operating activities:
          Services paid with common stock                                     -        1,006
          Increase in accounts payable                            31          -        7,339
                                                              ------   --------   ----------

     Net cash provided (used) by operating activities              -          -      (1,360)
                                                              ------   --------   ----------


CASH FLOWS FROM FINANCING ACTIVITIES:

          Capital contributions by incorporators                   -          -        1,000
          Stock subscriptions collected                            -          -          360
                                                              ------   --------   ----------
     Net cash provided by financing activities                     -          -        1,360

Net increase in cash                                               -          -            -
                                                              ------   --------   ----------

Cash, beginning                                                    -         15            -
                                                              ------   --------   ----------

Cash, ending                                                  $    -   $     15   $        -

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

SUPPLEMENTAL SCHEDULE OF NON-CASH
INVESTING AND FINANCING ACTIVITIES:

     Issuance of common stock for services and expenses       $    -  $       -   $    1,006

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

</TABLE>


    The accompanying notes are an integral part of these financial statements

                                        6

<PAGE>



                              CYBER COSMETICS, INC
                     NOTES TO UNAUDITED FINANCIAL STATEMENTS
                                 March 31, 2002


1.  Basis of Presentation

The accompanying consolidated unaudited condensed financial statements have been
prepared by management in accordance  with the  instructions in Form 10-QSB and,
therefore,  do not include all information  and footnotes  required by generally
accepted  accounting  principles and should,  therefore,  be read in conjunction
with the Company's Form 10-KSB for the year ended December 31, 2001,  filed with
the Securities and Exchange  Commission.  These statements do include all normal
recurring   adjustments  which  the  Company  believes   necessary  for  a  fair
presentation  of  the  statements.   The  interim  operations  results  are  not
necessarily indicative of the results for the full year ended December 31, 2002.

2.  Additional footnotes included by reference

Except as indicated in Notes above, there have been no other material changes in
the information  disclosed in the notes to the financial  statements included in
the Company's Form 10-KSB for the year ended  December 31, 2001,  filed with the
Securities  and Exchange  Commission.  Therefore,  those  footnotes are included
herein by reference.

























                                        7

<PAGE>




ITEM 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operations

The Company's plan of operation for the coming year is to identify and acquire a
favorable business  opportunity.  The Company does not plan to limit its options
to any particular  industry,  but will evaluate each  opportunity on its merits.
The Company  has  reviewed  and  evaluated  a number of  business  ventures  for
possible  acquisition  or  participation  by the  Company.  The  Company has not
entered into any agreement,  nor does it have any commitment or understanding to
enter into or become engaged in a transaction as of the date of this filing. The
Company continues to investigate, review, and evaluate business opportunities as
they  become  available  and will seek to acquire or become  engaged in business
opportunities  at such  time as  specific  opportunities  warrant.  The  Company
anticipates  that its owners,  affiliates,  and consultants will provide it with
sufficient  capital to continue  operations  until the end of the current fiscal
year of 2002, but there can be no assurance that this  expectation will be fully
realized.

The Company has no plans for the purchase or sale of any plant or equipment.

The Company is a development  stage company and currently has no employees.  The
Company has no current  plans to make any changes in the number of employees and
does not  anticipate  doing so until it acquires a business or an interest in an
operation company.

The  Company  does not  expect  to  generate  any  meaningful  revenue  or incur
operating  expenses  unless and until it acquires  an  interest in an  operating
company.


                                     PART II

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits Exhibits required to be attached by Item 601 of Regulation S-B
         are listed in the Index to Exhibits on page 10 of this Form 10-QSB, and
         are incorporated herein by this reference.

(b)      Reports on Form 8-K.  No reports on Form 8-K were filed during the
         period covered by this Form 10-QSB.














                                        8

<PAGE>




                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed  on its  behalf  by the  undersigned,  hereunto  duly
authorized, this 14th day of May, 2002.




CYBER COSMETICS, INC.


  /s/ Richard Surber
----------------------
Richard Surber
President and Director






















                                        9

<PAGE>


                                INDEX TO EXHIBITS

EXHIBIT           PAGE
NO.               NO.               DESCRIPTION

3(i)              *                 Articles of Incorporation of the Company
                                    (incorporated herein by reference from
                                    Exhibit No. 3(i) of the Company's Form 10-SB
                                    as filed with the Securities and Exchange
                                    Commission on February 18, 2000).

3(ii)             *                 Bylaws of the Company, as amended
                                    (incorporated herein by reference from
                                    Exhibit 3(ii) of the Company's Form 10-SB as
                                    filed with the Securities and Exchange
                                    Commission on February 18, 2000).
















                                       10

<PAGE>