UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB

[ X ] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the period ended October 31, 2006.

[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period ________________ to ________________

Commission File Number 333-137613

IRON LINK LTD.
(Exact name of small Business Issuer as specified in its charter)

Issuer’s telephone number, including area code: (425) 462 - 4216

None
(Former name, former address and former fiscal year, if changed since last report)

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 [ X ] No [   ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [   ] No [ X ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [   ] No [   ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 5,000,000 Shares of $0.001 par value Common Stock outstanding as of January 10, 2007.

Transitional Small Business Disclosure Format (Check one): Yes [   ] No [   ]

The accompanying notes are an integral part of the consolidated financial statements.

F-1

The accompanying notes are an integral part of the consolidated financial statements.

F-2

The accompanying notes are an integral part of the consolidated financial statements.

F-3

(Continued On Following Page)

The accompanying notes are an integral part of the consolidated financial statements.

F-4

The accompanying notes are an integral part of the consolidated financial statements.

F-5

Organization

Iron Link Ltd. (the Company or “Iron Link”) was incorporated on May 31, 2006 under the laws of the State of Nevada, USA.

The Company owns 100% of the issued and outstanding common shares of Iron Link TV Ltd. (Iron Link TV), a British Columbia, Canada company, whose business is developing a television programming delivery system based on IPTV technology.

IPTV, short for Internet Protocol Television, delivers television as data over a broadband connection that can be viewed on a PC or on television set equipped with set-top box. Iron Link is planning to deliver streaming content and Video On Demand services to customers in North America.

Going Concern

The Company commenced operations on May 31, 2006 and has not realized any revenues since inception. The Company has a deficit accumulated to October 31, 2006 in the amount of $29,023. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company to date has funded its initial operations through the issuance of 5,000,000 shares of capital stock for proceeds of $5,000 and loans from directors in the amount of $20,000. Management plans to raise additional funds through issuance of additional capital stock and further loans from directors.

Unaudited Interim Financial Statements

The accompanying unaudited interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB of Regulation S-B. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended July 31, 2006 included in the Company’s SB-2 filed with the Securities and Exchange Commission. The interim unaudited financial statements should be read in conjunction with those financial statements included in the Form SB-2. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended October 31, 2006 are not necessarily indicative of the results that may be expected for the year ending July 31, 2007.

These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is

dependent upon future events, the preparation of consolidated financial statements for a period necessarily involves the use of estimates which have been made using careful judgement. Actual results may vary from these estimates.

The consolidated financial statements have, in management’s opinion, been properly prepared within the framework of the significant accounting policies summarized below:

The following table illustrates the capitalized cost less accumulated depreciation arriving at the net carrying value on our books at October 31, 2006, and July 31, 2006.

The total number of authorized common stock that may be issued by the Company is 75,000,000 shares of stock with a par value of one tenth of one cent ($0.001) per share.

During the period from May 31, 2006 (Date of Inception) to July 31, 2006, the Company issued 5,000,000 common shares to directors of the Company for proceeds of $5,000.

At October 31, 2006, there were no outstanding stock options or warrants.

By agreement dated June 1, 2006, the Company acquired 100% of the issued and outstanding common shares of Iron Link TV, Ltd. for $10, in an acquisition accounted for as a transaction between entities under common control. The subsidiary's business is developing a television programming delivery system based on IPTV technology. The Company has accounted for the acquisition pursuant to guidance in SFAS 141, Appendix D, which requires in general the combining of the financial position and operations of the parent and acquired subsidiary for all financial statement periods presented. Iron Link TV, Ltd. was incorporated in 2006 and had no assets, liabilities, or operations prior to June 1, 2006.

Foreign Currency Risk:

The Company is exposed to fluctuations in foreign currencies through accounts payable to be settled in Canadian dollars. The Company monitors this exposure, but had no hedge positions at October 31, 2006.

Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

All statements other than historical facts included in this Form, including without limitation, statements under "Plan of Operation", regarding our financial position, business strategy, and plans and objectives of management for the future operations, are forward-looking statements.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, market conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation

For the next twelve month our specific goal will be to test, develop back-end software for our services, purchase or lease hardware and enter into agreements with service aggregators and content owners. We intend to accomplish the foregoing through the following milestones:

(i) Complete our public offering. We have filed a prospectus with regulatory authorities constituting an offering to the public a minimum of 2,000,000 and a maximum of 20,000,000 shares of the Company’s common stock at $0.025 per share for gross proceeds of minimum of $50,000 and maximum of $500,000. The prospectus was declared effective December 12, 2006.

(ii) Complete testing of all IPTV platform components under consideration for integration into our system. We are currently in this stage of our operations. We hired a private consulting firm to conduct testing of hardware components and advise us on which components will be most suitable to our needs.

(iii) Develop and set-up of Operations Support Systems (OSS) and Business Support Systems (BSS) for our services. This will involve software development of a self-service portal where the subscriber is able to manage their subscription, activate new services and de-activate existing ones; Customer Relationship Management (CRM) system; acquisition and integration of the charging and billing system; service management system; inventory management system; order management system, and subscriber management. In a pilot project, we may use a limited number of required IPTV platform components including utilization of a manual charging and billing system and inventory management.

(iv) Purchase or lease, subject to financing, all hardware needed to set up our IPTV platform system.

(v) Negotiate with content aggregators and providers streaming content and on-demand movies or independent content for our Iron Link TV services.

(vi) Complete integration of hardware components, OSS/BSS and setting-up of all systems. In addition, subject to financing, we will secure extra office space and server co-location space to accommodate our hardware equipment and additional personnel.

(vii) Deploy our services and a full version of our website (www.ironlinktv.com) for promotion of our services. Depending on the size of our deployment, we will market our services to local customers via print, radio and billboard advertising to our target market of foreign language viewers. If we are successful in generating revenues from our initial deployment, we intend to

expand our content offering, purchase additional set-top boxes and increase marketing spending to expand our customer base.

As of October 31, 2006, we had spent $3,215 toward the IPTV platform components testing. We intend to spend between $12,000 and $420,000, subject to financing, for further development, marketing and deployment of Iron Link TV IPTV platform.

As well, we anticipate spending an additional $5,000 on professional fees, general administrative costs and expenditures associated with complying with reporting obligations.

Total minimum expenditures over the next 12 months are therefore expected to be approximately $40,000. This amount will correlate with the amount of the additional capital raised over the next six months.

We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our marketing plan and operaitons. We believe that debt financing will not be an alternative for funding the marketing plan. We do not have any arrangements in place for any future equity financing.

Results of Operations For Period Ending October 31, 2006

We did not earn any revenues during the three-month period ending October 31, 2006. During the quarter ended October 31, 2006, we incurred operating expenses in the amount of $18,814. These operating expenses were comprised of professional fees of $9,300, general and administration costs of $5,654, depreciation expense of $137, bank charges of $195, officer compensation of $1,500 and travel expenses of $2,028.

As at October 31, 2006, the Company had cash of $2,717 and liabilities totalling $31,412 for a working capital deficiency of $28,695 compared to the working capital deficiency of $8,976 as at July 31, 2006.

We have not generated any revenue since inception and are dependent upon obtaining financing to pursue activities related to the IPTV platform development and implementation. For these reasons, our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

Critical Accounting Policies

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions which affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet dates, and the recognition of revenues and expenses for the reporting periods. These estimates and assumptions are affected by management’s application of accounting policies.

Technology Rights

In accordance with ” Statement of Position (SOP) No. 98-1, “Accounting for the Costs of Computer Software Developed or Obtained for Internal Use” and SFAS No. 86, software development costs are expensed as incurred until technological feasibility has been established, at which time such costs are capitalized until commercial operations have commenced. These capitalized costs are subject to an ongoing assessment of recoverability based on anticipated future revenues and changes in hardware and software technologies. Software development costs capitalized include direct labour and purchased software expenses incurred after technological feasibility has been established. Amortization of capitalized application software development costs begins upon the commencement of commercial operations. Capitalized costs will be amortized over the estimated product life of three to five years, using the greater of the straight-line method or the ratio of current product revenues to total projected future revenues. At

the balance sheet date, the Company evaluates the net realizable value of the capitalized costs and adjusts the current period amortization for any impairment of the capitalized asset value.

Item 3 Controls and Procedures

Evaluation of Disclosure Controls

We evaluated the effectiveness of our disclosure controls and procedures as of October 31, 2006. This evaluation was conducted by Alexandre Routkovski, our chief executive officer and our principal accounting officer.

Disclosure controls are controls and other procedures that are designed to ensure that information that we are required to disclose in the reports we file pursuant to the Securities Exchange Act of 1934 is recorded, processed, summarized and reported.

Limitations on the Effective of Controls

Our management does not expect that our disclosure controls or our internal controls over financial reporting will prevent all error and fraud. A control system, no matter how well conceived and operated, can provide only reasonable, but no absolute, assurance that the objectives of a control system are met. Further, any control system reflects limitations on resources, and the benefits of a control system must be considered relative to its costs. These limitations also include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by management override of a control. A design of a control system is also based upon certain assumptions about potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based upon their evaluation of our controls, Alexandre Routkovski, our chief executive officer and principal accounting officer, has concluded that, subject to the limitations noted above, the disclosure controls are effective providing reasonable assurance that material information relating to us is made known to management on a timely basis during the period when our reports are being prepared. There were no changes in our internal controls that occurred during the quarter covered by this report that have materially affected, or are reasonably likely to materially affect our internal controls.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not a party to any pending legal proceedings. Management is not aware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Report on Form 8-K

We did not file any current reports on Form 8-K during the period.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Iron Link Ltd.