UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 1, 2010
Date of Report (Date of earliest event reported): March 31, 2010
HORIZON FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Washington	0-27062	91-1695422
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
c/o Thomas A. Sterken Keller Rohrback L.L.P. Registered Agent of Horizon Financial Corp. 1201 Third Avenue, Suite 3200 Seattle, Washington		98225
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number (including area code): (360) 733-3050
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
G Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
G Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
G Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
G Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 84.01. ~~Other~~Changes ~~Events~~in Registrant's Certifying Accountants

~~As previously reported, The Nasdaq Stock Market~~ (~~“Nasdaq”~~a) onOn March ~~January 21~~31, 2010, ~~removing~~ Horizon Financial Corp’s . (“Company”) ~~securities~~received ~~from~~notice ~~listing~~that ~~and~~Moss Adams ~~registration~~LLP onhad ~~Nasdaq.~~resigned ~~Following~~as the ~~delisting,~~ ~~the~~ Company’'s ~~common~~independent ~~stock~~registered ~~has~~public ~~been quoted on the Pink Sheets, a~~accounting ~~centralized~~firm ~~electronic~~effective ~~quotation service for over-the-counter securities, under the symbol “HRZB~~immediately.PK”. The Company can give no assurance, however, that trading in its stock will continue on the Pink Sheets or on any other securities exchange or quotation medium or the willingness of any market makers to trade the Company’s common stock in the future.

~~As of February 1, 2010,~~ During the ~~Company believes~~two ~~its~~fiscal ~~only~~years ~~material~~ended ~~assets,~~March ~~excluding its investment in Horizon Bank~~31, ~~which~~ ~~investment~~2009 isand ~~expected to be written off completely~~2008, ~~consist~~and ~~only~~the ofsubsequent ainterim ~~limited~~period ~~amount~~through ofMarch ~~cash~~31, ~~and~~2010, ~~that~~there ~~after~~were ~~the~~no: ~~payment~~(1) ofdisagreements ~~the~~with ~~Company’s~~Moss ~~liabilities~~Adams ~~and~~LLP ~~expenses~~on ofany ~~winding~~matter upof ~~its~~accounting ~~business~~principles ~~and~~or ~~pending matters~~practices, ~~the~~financial ~~Company~~statement ~~anticipates that little~~disclosure, ifor ~~any~~auditing ~~assets~~scope or ~~funds~~procedures, ~~will~~which bedisagreements, ~~left~~if ~~for~~not resolved ~~distribution~~ to ~~holders~~ oftheir ~~the~~satisfaction, ~~Company’s~~would ~~common~~have ~~stock. Based~~caused onthem ~~its~~to ~~financial position,~~make ~~the~~reference ~~Company~~in connection ~~anticipates~~with ~~either~~their aopinion ~~dissolution~~to ~~or winding up of~~ the ~~Company~~ bysubject ~~its~~matter ~~board~~ of ~~directors, pursuant to~~ the ~~Washington Business Corporation Act~~disagreement, or ~~filing a voluntary petition seeking relief under~~(2) ~~Chapter 7~~reportable ofevents ~~Title~~(as 11defined ofin ~~the~~Regulation ~~United~~S-K ~~States~~Item ~~Code within the next several~~304 ~~months~~(a)(1)(v)).

~~The~~Moss ~~Company~~Adams ~~recommends~~LLP’s ~~that~~Report ~~shareholders~~of ~~contact~~Independent ~~their~~Registered ~~tax~~Public ~~preparer~~Accounting ~~about~~Firm ~~claiming~~on athe ~~loss~~consolidated orfinancial ~~worthless~~statements ~~common~~of ~~stock~~Horizon ~~deduction~~Financial ~~for~~Corp. ~~their~~and ~~investment~~Subsidiary ~~on their 2010 tax~~as ~~return~~of toand befor ~~filed~~the inyears ~~2011.~~ended ~~Shareholders~~March ~~can~~31, ~~learn~~2009 ~~about~~and ~~their~~2008, ~~common~~which ~~stock holdings~~included in the ~~Company by contacting the transfer agent, American Stock~~audit ~~Transfer,~~report atof ~~(800)~~Moss ~~937-5449,~~Adams orLLP ~~accessing account information~~ on ~~its~~management's ~~website~~assessment ~~at www.amstock.com~~of ~~using~~ the ~~shareholders~~effectiveness ~~account~~of internal ~~number~~control ~~and~~over ~~social~~financial ~~security number.~~reporting ~~The~~for ~~Company~~those ~~does~~periods, did not ~~know~~contain ~~how~~any adverse ~~long~~opinion ~~this~~or ~~information~~disclaimer ~~will~~of ~~remain available~~opinion, sonor itwere isthey ~~encouraging~~qualified ~~shareholders~~or modified as to ~~access~~uncertainty, ~~their~~audit ~~information~~scope, asor ~~soon as~~accounting ~~possible~~principles.

Horizon Financial Corp. has requested that Moss Adams LLP furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if not, stating the respects in which they do not agree. That letter is filed as Exhibit 16.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d)		Exhibits

16.1		Letter re change in certifying accountants: Letter of Moss Adams LLP dated April 5, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	HORIZON FINANCIAL CORP.
Date: February 1, 2010	By:	/s/ V. Lawrence Evans
Date: April 5, 2010	By:	/s/V. Lawrence Evans
		V. Lawrence Evans
		Chief Executive Officer and President

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