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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 QUARTERLY PERIOD ENDED SEPTEMBER 30, 2006                                       
|        |                                                                                         
|        | OR                                                                                      
|        |                                                                                         
|[     ] | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|        | For the transition period from to                                                       

Commission file number 333-108308

KNIGHTSBRIDGE RESOURCES INC.



|Nevada                                                         | 0394483                          
|-------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.)

South Lodge, Paxhill Park, Lindfield West Sussex, United Kingdom RH16 2QY(Address of principal executive offices, including zip code.)

(011) (44) (1444) 220 210 
(Registrant's telephone number, including area code)

The Company is a Shell company: Yes [ X ] No [     ]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [     ] No [ X ]

As of September 30, 2006, the Company had 11,000,000 shares of common stock outstanding.

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PART I

ITEM 1. INTERIM FINANCIAL STATEMENTS

KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)
INTERIM BALANCE SHEETS
September 30, 2006 and December 31, 2005
(Stated in US Dollars)
(Unaudited)



|                                                         | September 30, |  | December 31,
|-------------------------------------------------------- | ------------- |  | ------------
|ASSETS                                                   | 2006          |  | 2005        
|                                                         |               |  |             
|Current                                                  |               |  |             
|Cash                                                     | $ 3,229       |  | $ 4,003     
|                                                         |               |  |             
|LIABILITIES                                              |               | 
|                                                         |               |  |             
|Current                                                  |               |  |             
|Accounts payable and accrued liabilities                 | $ 5,000       |  | $ 6,284     
|Advances from a director - Note 4                        | 68,756        |  | 45,256      
|                                                         |               |  |             
|                                                         | 73,756        |  | 51,540      
|                                                         |               |  |             
|STOCKHOLDERS' DEFICIENCY                                 |               | 
|                                                         |               |  |             
|Common stock, $0.00001 par value                         |               |  |             
|100,000,000 shares authorized                            |               |  |             
|11,000,000 shares issued (December 31, 2005: 11,000,000) | $ 110         |  | $ 110       
|Additional paid-in capital                               | 12,315        |  | 7,677       
|Deficit accumulated during the pre-exploration stage     | (82,952)      |  | (55,324)    
|                                                         |               |  |             
|                                                         | (70,527)      |  | (47,537)    
|                                                         |               |  |             
|                                                         | $ 3,229       |  | $ 4,003     







SEE ACCOMPANYING NOTES

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KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)
INTERIM STATEMENTS OF OPERATIONS
for the three and nine month periods ended September 30, 2006 and 2005 
and for the period October 23, 2002 (Date of Inception) to September 30, 2006
(Stated in US Dollars)
(Unaudited)



|                                              |                    |  |                   | October 23,
|--------------------------------------------- | ------------------ |  | ----------------- | -----------
|                                              |                    |  |                   |            
|                                              |                    |  |                   |            
|                                              | Three months ended |  | Nine months ended |            
|                                              | September 30,      |  | September 30,     |            
|                                              | 2006               |  | 2005              |            
|                                              |                    |  |                   |            
|Expenses                                      |                    |  |                   |            
|Audit and accounting fees                     | $ 1,500            |  | $ 4,819           |            
|Bank charges                                  | 41                 |  | 36                |            
|Foreign exchange (gain) loss                  | 21                 |  | (121)             |            
|Interest on advances from a director          |                    |  |                   |            
|- Note 4                                      | 605                |  | -                 |            
|Legal fees                                    | 1,000              |  | 5,000             |            
|Mineral claim and pre-exploration costs       | 1,495              |  | 288               |            
|Office                                        | -                  |  | -                 |            
|Registration and filing fees                  | -                  |  | 1,108             |            
|                                              |                    |  |                   |            
|Net loss for the period                       | $ (4,662)          |  | $ (11,130)        |            
|                                              |                    |  |                   |            
|Basic and diluted loss per share              | $ (0.00)           |  | $ (0.00)          |            
|                                              |                    |  |                   |            
|Weighted average number of shares
outstanding | 11,000,000         |  | 11,000,000        |            















SEE ACCOMPANYING NOTES

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KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)
INTERIM STATEMENTS OF CASH FLOWS
for the nine month periods ended September 30, 2006 and 2005
and for the period October 23, 2002 (Date of Inception) to September 30, 2006
(Stated in US Dollars)
(Unaudited)



|                                                                 |                   |  | October 23,  
|---------------------------------------------------------------- | ----------------- |  | -------------
|                                                                 |                   |  | 2002 (Date of
|                                                                 |                   |  | Inception)   
|                                                                 | Nine months ended |  | to           
|                                                                 | September 30,     |  | September 30,
|                                                                 | 2006              |  | 2005         
|                                                                 |                   |  |              
|Cash Flows used in Operating Activities                          |                   |  |              
|Net loss for the period                                          | $ (27,628)        |  | $ (14,041)   
|Items not affecting cash:                                        |                   |  |              
|Contribution of capital by shareholder
for mineral claim cost    | -                 |  | -            
|Interest on advances from a director                             | 4,638             |  | -            
|Change in non-cash working capital balance
related to operations |                   |  |              
|Accounts payable and accrued liabilities                         | (1,284)           |  | 5,627        
|                                                                 |                   |  |              
|                                                                 | (24,274)          |  | (8,414)      
|                                                                 |                   |  |              
|Cash Flows from Financing Activities                             |                   |  |              
|Common stock issued                                              | -                 |  | -            
|Advances from a director                                         | 23,500            |  | 12,211       
|                                                                 |                   |  |              
|                                                                 | 23,500            |  | 12,211       
|                                                                 |                   |  |              
|Increase (decrease) in cash during the period                    | (774)             |  | 3,797        
|                                                                 |                   |  |              
|Cash, beginning of the period                                    | 4,003             |  | 1,372        
|                                                                 |                   |  |              
|Cash, end of the period                                          | $ 3,229           |  | $ 5,169      









SEE ACCOMPANYING NOTES

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KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)
INTERIM STATEMENT OF STOCKHOLDERS' DEFICIENCY
for the period October 23, 2002 (Date of Inception) to September 30, 2006
(Stated in US Dollars)
(Unaudited)



|                                       |               |   |           |            |                 | Deficit     |          |  
|-------------------------------------- | ------------- | - | --------- | ---------- | --------------- | ----------- | -------- | -
|                                       |               |   |           |            |                 | Accumulated |          |  
|                                       |               |   |           | Additional |                 | During the  |          |  
|                                       | Common Shares |   | Paid-in   |            | Pre-exploration |             |         
|                                       | Number        |   | Par Value |            | Capital         |             | Stage    |  
|                                       |               |   |           |            |                 |             |          |  
|Common stock issued for cash           |               |   |           |            |                 |             |          |  
|- at $0.0001                           | 10,000,000    | $ | 100       | $          | 900             | $           | -        | $
|                                       |               |   |           |            |                 |             |          |  
|Contribution of capital by shareholder | -             |   | -         |            | 387             |             | -        |  
|Net loss for the period                | -             |   | -         |            | -               |             | (8,001)  |  
|                                       |               |   |           |            |                 |             |          |  
|Balance, December 31, 2002             | 10,000,000    |   | 100       |            | 1,287           |             | (8,001)  |  
|Common stock issued for cash           |               |   |           |            |                 |             |          |  
|- at $0.0001                           | 1,000,000     |   | 10        |            | 90              |             | -        |  
|Net loss for the year                  | -             |   | -         |            | -               |             | (11,435) |  
|                                       |               |   |           |            |                 |             |          |  
|Balance, December 31, 2003             | 11,000,000    |   | 110       |            | 1,377           |             | (19,436) |  
|Net loss for the year                  | -             |   | -         |            | -               |             | (6,415)  |  
|                                       |               |   |           |            |                 |             |          |  
|Balance, December 31, 2004             | 11,000,000    |   | 110       |            | 1,377           |             | (25,851) |  
|                                       |               |   |           |            |                 |             |          |  
|Imputed interest                       | -             |   | -         |            | 6,300           |             | -        |  
|                                       |               |   |           |            |                 |             |          |  
|Net loss for the year                  | -             |   | -         |            | -               |             | (29,473) |  
|                                       |               |   |           |            |                 |             |          |  
|Balance, December 31, 2005             | 11,000,000    |   | 110       |            | 7,677           |             | (55,324) |  
|                                       |               |   |           |            |                 |             |          |  
|Imputed interest                       | -             |   | -         |            | 4,638           |             | -        |  
|                                       |               |   |           |            |                 |             |          |  
|Net loss for the period                | -             |   | -         |            | -               |             | (27,628) |  
|                                       |               |   |           |            |                 |             |          |  
|Balance, September 30, 2006            | 11,000,000    | $ | 110       | $          | 12,315          | $           | (82,952) | $







SEE ACCOMPANYING NOTES

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KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
September 30, 2006
(Stated in US Dollars)
(Unaudited)

Note 1 Interim Reporting

While the information presented in the accompanying interim nine month financial statement is unaudited, it includes all adjustments which are in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. It is suggested that these financial statements be read in conjunction with the Company's December 31, 2005 audited financial statements.

Note 2 Continuance of Operations

The financial statements have been prepared using generally accepted accounting principles in the United States of America applicable for a going concern which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. At September 30, 2006, the Company had not yet achieved profitable operations, has accumulated losses of $82,952 since its inception, has a working capital deficiency of $70,527 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and or/related party advances, however there is no assurance of additional funding being available.

During the year ended December 31, 2005, the Company obtained approval from the Securities and Exchange Commission for the sale to the general public of up to 2,000,000 of the Company's common shares at $0.10 per share. On November 14, 2006, the offering period expired. The Company terminated the offering and withdrew the registration statement. All securities were unsold. The Company intends to file a new Form SB-1 with the Securities and Exchange Commission for the sale of up to 2,000,000 of the Company's common shares at $0.10 per share.









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KNIGHTSBRIDGE RESOURCES INC.
(A Pre-exploration Stage Company)
NOTES TO THE INTERIM FINANCIAL STATEMENTS
September 30, 2006
(Stated in US Dollars)
(Unaudited) - Page 2

Note 3 Mineral Claims

On November 15, 2002, the Company acquired one mining claim consisting of twelve units located in the Province of British Columbia, Canada for $387 (CDN$600), contributed by a shareholder of the Company. This claim was acquired on behalf of the Company by a director of the Company pursuant to a trust agreement. The claim has not proven to have commercially recoverable reserves and therefore the acquisition costs have been expensed. During the nine month period ended September 30, 2006, the Company renewed its mineral claim such that the claim has an expiration date of August 19, 2007. The Company intends to renew its mineral claim prior to expiry.

Note 4 Advances from a Director

The advances from a director are unsecured, non-interest bearing and due on demand. During the nine month period ended September 30, 2006, imputed interest of $4,638 (September 30, 2005: $Nil) was expensed and credited to additional paid-in capital.

















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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

This Form 10-QSB for the period ended September 30, 2006 includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Plan of Operation

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. There is no assurance we will ever reach this point. Accordingly, we must raise cash from sources other than the sale of minerals found on the property. Our only other source for cash at this time is investments by others. We must raise cash to implement our project and stay in business.

Our Exploration Program

We will be conducting research in the form of exploration of the property. Our exploration program is as follows and subject to raising additional capital:

We have obtained the rights to one mineral claim consisting of 18 cells. These rights entitle us to the minerals located on the property subject to the mineral claim. We obtained the rights to this mineral claim by way of a trust agreement between ourselves and Ron Schmitz, our President. The recorded title to the mineral claim is in Ron Schmitz's name who holds the property (the "Santos 516334 mineral claim") pursuant to a trust agreement for our benefit. We do not own title to this property.

Exploration will be required before a final evaluation regarding the economic and legal feasibility of this property can be made. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. We can't predict what that will be until we find mineralized material.

The Santos 516334 mineral claim is without known mineralization and our proposed program is exploratory in nature. We must conduct exploration to determine what amount of minerals, if any, exist on the property and if any minerals which are found can be economically extracted and profitably processed. Specifically, we intend to explore for silver, zinc and lead on the Santos 516334 mineral claim.





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If we raise $200,000, we will begin Phase I and complete Phase I approximately sixty days after we begin. Phase I would take approximately 1 and 1/2 months and we believe it will cost approximately $10,000 to complete Phase I. We would then start Phase II approximately sixty days after completing Phase I, weather permitting. Phase II will take approximately 3 months and cost approximately $35,000 for its completion. We will start Phase III approximately sixty days after completing Phase II and expect complete Phase III in approximately six months. The cost of Phase III will be approximately $60,000. We cannot work from December to May because of bad weather conditions. If we raise $200,000, we will not need any more funding for Phases I, II, and III. If we raise less than $200,000, then we will have to raise more money through private placements, public offerings or by bringing in other partners.

As of September 30, 2006, our cash balance was $3,229. Mr. Schmitz, one of our officers and directors has orally agreed to provide the necessary cash funding for us if we are unable to raise the necessary funds. The commitment from Mr. Schmitz is not in writing. His commitment may not be enforceable, as we have not given any consideration to Mr. Schmitz to make it a binding agreement. Should Mr. Schmitz not provide us with the funds necessary to cover our operating expenses, we will cease to exist.

If the results of Phase I or II are not successful and we choose not to continue Phase II or III, we will seek to acquire other claims for exploration as we are an exploration company. We will not acquire claims from related parties.

We have not generated any revenues and no revenues are anticipated unless and until silver, lead or zinc are discovered on the property in which we have an interest. Accordingly, we would need to raise cash from other sources than the sale of the silver, lead or zinc. We are not going to buy or sell any plant or significant equipment. We do not expect a change in the number of our employees.

We intend to target zinc, lead and silver reserves, as these elements have been historically found in this region. In particular there have been a number of lead, silver and zinc producing mines in the Slocan Mining District where this claim is situated although there has been no such exploration on the Santos 516334 mineral claim. Subject to raising additional capital, we intend to proceed in the following three phases all of which will be supervised by Mr. Ron Schmitz, our President and by an independent geologist and other contractors hired by him on our behalf. We will assess the success of Phase I and Phase II of our exploration program, based on the written report and recommendations of a qualified, independent geologist, before proceeding any further. Should we not achieve a successful result based on these assessments, we will abandon this claim and look for other mining properties. We will not hire anyone to start exploration until we receive funds from this offering to start exploring for minerals on the Santos 516334 mineral claim.

Phase I. Phase I will begin with research of the available geologic literature, personal interviews with geologists, and others familiar with the prospect area where the Santos 516334 mineral claim is located.

When the research is completed, our initial work will be augmented with geologic mapping which includes taking measurement of regular spacing from a reference location for sample sites, preliminary examination and description of rock and mineral types for use in preparation of maps which show location and features of each rock or mineral occurrence, if present. The geologic mapping on the property will be done by taking rock and soil samples throughout the property which have been





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measured from a reference location for analysis in a laboratory to determine the quantities of certain of the metallic and non metallic elements in each sample. On areas with no rock outcrops, we will do soil survey grids. We will also analyze surface outcrops of rock and the topography of the property to assist in the geologic mapping.

We will also conduct geochemical testing during Phase I. Rock and soil samples will be taken from the property and taken to a laboratory where a determination of the elemental make up of the sample and the exact concentrations of mineral composition (lead, silver or zinc) will be made. We will then compare the relative concentrations of mineral samples so the results from different samples can be compared in a more precise manner and plotted on a map to evaluate their significance and determine whether or not the Santos 516334 mineral claim has current economic potential and whether further exploration is warranted. We estimate that Phase I will take about one and one-half months to complete and cost up to$10,000.

Phase II. Subject to the results of the report provided by the results obtained in Phase I, we will continue to Phase II. Phase II will consist of a detailed description of rock and mineral types for use in preparation of maps which show the location and features of each rock or mineral occurrence, if present. Phase II will consist of a collection of rock and soil samples at additional sites, which may be measured from a reference location, for analysis in a laboratory to determine the quantities of certain of the metallic and non-metallic elements in each sample. Digging pits or trenches through soil to expose rock for purposes of sampling and description of rock or mineral occurrences might be part of the program. Trenches or pits could be one to two meters deep and could be from several meters to a hundred or more meters in length. We anticipate that we will rely primarily on more extensive trenching during Phase II to identify the extent of mineralization. We estimate that Phase II will take about three months to complete and cost up to $35,000.

Subject to the results provided by the independent geologist written report and recommendations based on his laboratory analysis of Phase II, we will determine if the property warrants a Phase III study.

Phase III. Phase III is aimed at precisely defining the depth, the width, the length, the tonnage and the value per ton of any mineral body. Phase III will take about 6 months and cost up to $60,000. We do not anticipate commencing Phase III until late 2008.

If the geologist's report based on his laboratory analysis advises that the results of each Phase is not successful, we will explore other mineral properties.

We intend to try to develop any mineralization ourselves or enter into a joint venture with another mining company with more experience at that stage of operation. The three phases of exploration will be conducted by a qualified independent geologist with reasonable experience in exploration of lead, silver and zinc mineral properties. The exploration will be supervised by Mr. Schmitz, our President. Mr. Schmitz has had extensive experience with junior mining exploration companies as an accountant and a director and officer but is not a geologist or engineer.

We are not going to buy or sell any plant or significant equipment. We do not expect a change in our number of employees.





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Capital Requirements of Our Proposed Exploration Program.

For all three phases of our proposed exploration program, we anticipate the capital costs to be approximately $105,000. This amount will include all costs in respect of the equipment we will need during each phase (including rental of a backhoe and a drill, as well as the purchase of hand tools and explosives); the services of a professional independent geologist who will be responsible for geologic mapping, soil sampling, and supervision; the services of field workers who will be responsible for general labor, including trenching, and site maintenance; food and camp supplies; and analysis of samples, including shipping of samples to laboratory and testing analysis.

The property is undeveloped raw land. Exploration has not been initiated and will not be initiated until we raise money . That is because we do not have money to start exploration.

We do not claim to have any minerals or reserves whatsoever at this time on any of the property.

If we are unable to complete any phase of exploration because we don'
t have enough money, we will cease operations until we raise more money. If we can't or don't raise more money, we will cease operations. If we cease operations, we don't know what we will do and we don't have any plans to do anything.

We do not intend to hire additional employees at this time. All of the work on the property will be conduct by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we must remove and sell mineralized material. We are seeking equity financing to provide for the capital required to implement our research and exploration phases. We believe that the funds raised from our public offering, whether it be the minimum amount or the maximum amount, will allow us to operate for one year.

Liquidity and Capital Resources

To meet our need for cash we intend to conduct a public offering of our common stock. We cannot guarantee that we will be able to raise enough money to stay in business. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not raise all of the money we need from our offering to complete our exploration of the property, we will have to find alternative sources, like a second public offering, a private placement of securities, or loans from our officers or others.





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As of September 30, 2006, our total assets were $3,229 comprised of cash and our total liabilities were $73,756.

Recent Accounting Pronouncements

In April 2003, the FASB issued SFAS No. 149 "Amendment of Statement 133 on Derivative Instruments and Hedging Activities". SFAS No. 149 amends and clarifies under what circumstances a contract with initial investments meets the characteristics of a derivative and when a derivative contains a financing component. SFAS No. 149 is effective for contracts entered into or modified after December 31, 2003. The adoption of SFAS No. 149 had no effect on the Company's financial statement presentation or disclosures.

In May 2003, the FASB issued SFAS No. 150 "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity". SFAS No. 150 establishes standards for how an issuer classifies and measures in its statement of cash flows certain financial instruments with characteristics of both liabilities and equity. SFAS No. 150 requires that an issuer classify a financial instrument that is within its scope as a liability because that financial instrument embodies an obligation of the issuer. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003 and otherwise is effective at the beginning of the first interim period beginning after September 15, 2003. SFAS No. 150 is to be implemented by reporting the cumulative effect of a change in accounting principle for financial instruments created before the issuance date of SFAS No. 150 and still existing at the beginning of the interim period of adoption.

Restatement is not permitted. The adoption of SFAS No. 150 had no effect on the Company's financial statement presentation or disclosures.

In January 2003, the FASB issued Interpretation No. 46 "Consolidation of Variable Interest Entities (an Interpretation of ARB No. 51)" ("FIN 46"). FIN 46 requires that the primary beneficiary in a variable interest entity consolidate the entity even if the primary beneficiary does not have a majority voting interest. The consolidation requirements of FIN 46 are required to be implemented for any variable interest entity created on or after January 31, 2003. In addition, FIN 46 requires disclosure of information regarding guarantees or exposures to loss relating to any variable interest entity existing prior to January 31, 2003 in financial statements issued after January 31, 2003. The implementation of the provisions of FIN 46 effective January 31, 2003 had no effect on the Company's financial statement presentation or disclosures.

FAS 151, Inventory Costs. This statement is effective for inventory costs incurred during fiscal years beginning after June 15, 2005. Earlier application is permitted for inventory costs incurred during fiscal years beginning after November 24, 2004. The provisions of this statement should be applied prospectively. There is no impact on the Company's financial statements.

FAS 152, Accounting for Real Estate Time-Sharing Transactions. This statement is effective for financial statements for fiscal years beginning after June 15, 2005. Restatement of previously issued financial statements is not permitted. There is no impact on the Company's financial statements.





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FAS 153, Exchanges of Non-Monetary Assets. The provisions of this statement are effective for non-monetary asset exchanges occurring in fiscal periods beginning after June 15, 2005. Earlier application is permitted for non-monetary asset exchanges occurring in fiscal periods beginning after December 16, 2004. The provisions of this statement should be applied prospectively. There is no impact on the Company's financial statements.

In 2004, FASB issued a revision of SFAS 123, Accounting for Stock-Based Compensation. This statement supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees and its related implementation guidance. This revised pronouncement is effective for years beginning on or after December 15, 2005 and requires that all stock options and warrants be accounted for using the fair value method. This pronouncement presently has no impact on the Company's financial statements as the Company has not issued any stock option.

ITEM 3.  CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective.

PART II. OTHER INFORMATION

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.

On November 14, 2005, the Securities and Exchange Commission declared our Form SB-1 registration statement effective (SEC file no. 333-108308) which allowed us to sell up to 2,000,000 shares of common stock at an offering price of $0.10 per share. There were no underwriters involved in the public offering. We offered the common stock for one year, but were unable to sell any shares.

ITEM 6.  EXHIBITS.

The following documents are included herein:



|Exhibit No. | Document Description                                                                                                                                                                         
|----------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended.
|            |                                                                                                                                                                                              
|32.1        | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).                





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SIGNATURES

In accordance with Section 13 or 15(d) of the Securities and Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 17th day of August, 2007.



| | KNIGHTSBRIDGE RESOURCES INC.
| | ----------------------------
| |                             
| | BY:                         
| |                             





















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