United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549
                                   FORM 12B-25



                                                         SEC File Number 0-24449

                           Notification of Late Filing


                                                             CUSIP Number 45912V

             (Check One): /X/ Form 10-K / / Form 20-F / / Form 11-K
                          / / Form 10-Q / / Form N-SAR

                        For Year Ended December, 31 2002

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

Part I - REGISTRATION INFORMATION

International Biofuel and Biochemical Corporation
5 River Road, Suite 301
Wilton, CT 06897

PART II - RULES 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

(a)      The reasons described in reasonable detail in Part III of this form
         could not be eliminated without unreasonable effort or expense;

/X/ (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and

(b)      The accountant's statement or other exhibit required by Rule
         12b-25(C)has been attached if applicable.



PART III - NARRATIVE

State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.

The Company was unable to gather all information necessary to file the 2001 Form
10-K.

PART IV-OTHER INFORMATION

(1)      Name and telephone number of person to contact in regard to this
         notification

LeeRoy Allen, Jr., President     (602) 369-6935

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed? If answer is no, identify report(s).

/X/ Yes / / No


(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?

/ / Yes /X/ No


If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

International Biofuel and Biochemical Corporation has caused this notification
to be signed on its behalf by the undersigned hereunto duly authorized.


Date: April 1, 2003                         By: /s/ LeeRoy Allen, Jr., President