UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Check One: [ ]Form 10-KSB [ ]Form 20-F [ ]Form 11-K [X]Form 10-QSB [ ]Form N-SAR
For Period Ended: March 31, 2003
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: _________________
If the notification relates to a portion of the filing checked
above, identify the item(s) to which the notification relates:
(PART I REGISTRANT INFORMATION)
TMI Holdings, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
11924 Forest Hill Blvd., Suite 22-204
Address of Principal Executive Office (Street and Number)
Wellington, FL 33414
City, State and Zip Code
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 II
| of this form could not be eliminated without
| unreasonable effort or expense;
| b) The subject annual report, semi-annual report,
| transition report on Form 10-K, Form 20-F, 11-K, Form
| N-SAR, or portion thereof, will be filed on or before
[ X ] | the fifteenth calendar day following the prescribed due
| date; or the subject quarterly report of transition
| report on Form 10-QSB, or portion thereof will be filed on
| or before the fifth calendar day following the
| prescribed due date; and
| c) 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 the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Data and other information regarding certain material operations of the Company
as well as its financial statements required for the filing are not currently
available and could not be made available without unreasonable effort and
expense.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification.
Scott Siegel (954) 579-8599
------------------- ---------- -----------------
(Name) (Area Code) (Telephone Number)
(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 reports)
been filed? If answer is no, identify reports). The reports are the
Form 10-KSB for the year ended December 31, 2002 and the Amended Form
8-K enclosing the financial statements for Kina Ole Development
Corporation.
[ ] Yes [ X ] 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
TMI Holdings, Inc.
_____________________________________________________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 15, 2003
_____/s/ Scott Siegel____________
By: Scott Siegel
Its: President, Chief Executive
Officer and Chief Financial
Officer