BALANCE SHEET for END of YEAR 31.03.05

Assets

Wireless& Miscellaneous Plant 6,981.00
Wireless Stock 341.26
less Depreciation 0.00
7,322.26

less

Trust Fund 10.00
Bank a/c 3,680.00
Accounts Payable (Creditors)* 2,175.00
5,865.00

Balance as at 31.03.05

1,457.26

Represented by

Profit for Year to 31.03.05 1,457.26

Balance as at 31.03.05

1,457.26

* Manufacture of Wireless Plant

Contract no.2 for Systems Administration ($2500) paid 2006. (First interest payment 05.05.05)