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| OMB APPROVAL                                        |
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| OMB Number: 3235-0416                               |
| Expires: March 31, 2007                             |
| Estimated average burden   hours per response: 1646 |

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-KSB

| (Mark One)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       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| __ANNUAL REPORT UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 **For the fiscal period ended December 31, 2005   
** X**
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE  ACT 
For the transition period from________to _______  
Commission File Number: **333-108308**
 
  **KNIGHTSBRIDGE RESOURCES, INC.    
(Name of small business issuer in its charter)           **Nevada  **0394483  
(State of other jurisdiction of incorporation or  organization)  
(I.R.S. Employer I.D. No.)          **91 Commercial Road, Poole, Dorset U.K.  **BH14 0JD  
(Address of principal executive offices) 
(Zip Code)          
Issuer's telephone number **Telephone: (011)(44)(1202)  716-352** 
Securities Registered under Section 12(b) of the Exchange Act: **None**

Securities Registered pursuant to Section 12(g) of the Act:****
Title of each class
Name of each exchange on which registered**Common Stock**N/A****
Check whether the issuer is not required to file reports pursuant to Section13 or 15(d) of the Exchange Act 9
Check whether the Registrant (1) filed all reports required to be filed bySection 13 or 15(d) of the Exchange Act during the past 12 months (or for suchshorter 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

Check if there is no disclosure of delinquent filers pursuantto Item 405 of Regulation S-K (229.405 of this chapter) contained herein, and nodisclosure will be contained, to the best of the Registrant's knowledge, indefinitive proxy or information statements incorporated by reference in Part IIIof this Form 10-KSB or any amendment to this Form 10-KSB. 

__  Yes   **  X ** No

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Exchange Act)

__  Yes   ** X ** No

State Registrant's revenues for its most recent fiscal year:**$0**
State the aggregate market value of the voting and non-votingcommon equity held by non-affiliates computed by reference to the price at whichthe common equity was sold, or the average bid and asked prices of such commonequity, as of a specified date within the past 60 days: 
**N/A****(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THEPRECEDING FIVE YEARS)**
Check whether the Registrant has filed all documents andreports required to be filed by Section 12, 13 or 15(d) of the Exchange Actafter the distribution of securities under a plan confirmed by a court. **N/A**
Yes  __No  __
**(APPLICABLE ONLY TO CORPORATE REGISTRANTS)**
State the number of shares outstanding of each of the Registrant's classes ofcommon stock, as of the latest practicable date.

11,000,000 common shares issued and outstanding as of March  31, 2006

 
**DOCUMENTS INCORPORATED BY REFERENCE****None.**
Transitional Small Business Disclosure Format (Check one):

Yes  __   No **  X   ****TABLE OF CONTENTS
FORWARD LOOKING INFORMATION 2PART I2Item 1. Description of Business2Item 2. Description of Property7Item 3. Legal Proceedings.10Item 4. Submissions of Matters to a Vote of Security Holders.10PART II10Item 5. Market for Common Equity and Related Stockholder Matters.10Item 6. Management Discussion and Analysis.11Item 7. Financial Statements.17Item 8. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure.26Item 8A. Controls and Procedures.27Item 8B. Other Information.27PART III27Item 9. Directors and Executive Officers of the Registrant.27Item 10. Executive Compensation.30Item 11. Security Ownership of Certain Beneficial Owners and Management31Item 12. Certain Relationships and Related Transactions.32PART IV32Item 13. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.32Item 14. Principal Accountant Fees and Services.33SIGNATURES33**
i
**FORWARDLOOKING INFORMATION**
This annual report contains forward-looking statements as that term isdefined in the Private Securities Litigation Reform Act of 1995. Thesestatements relate to future events or our future financial performance. In somecases, you can identify forward-looking statements by terminology such as "may","will", "should", "expects", "plans", "anticipates", "believes", "estimates","predicts", "potential" or "continue" or the negative of these terms or othercomparable terminology. These statements are only predictions and involve knownand unknown risks, uncertainties and other factors, including the risks in thesection entitled "Risk Factors", that may cause our or our industry's actualresults, levels of activity, performance or achievements to be materiallydifferent from any future results, levels of activity, performance orachievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-lookingstatements are reasonable, we cannot guarantee future results, levels ofactivity, performance or achievements. Except as required by applicable law,including the securities laws of the United States, we do not intend to updateany of the forward-looking statements to conform these statements to actualresults.
**PART I****Item 1. Description ofBusiness.***Business Development***
We were incorporated on October 23, 2002 in the State of Nevada.

We have not had any bankruptcy, receivership or similar proceeding sinceincorporation. 

There have been no material reclassifications, mergers, consolidations orpurchases or sales of any significant amount of assets not in the ordinarycourse of business since the date of incorporation. We have no property otherthan by a recorded Bill of Sale Absolute in the name of Mr. Ron Schmitz whoholds the property pursuant to a trust agreement for the benefit ofKnightsbridge to one mineral claim located in British Columbia, Canada (the"Santos mineral claim").

The registration statement we filed on Form SB-1 on October 28, 2005 has beendeclared effective by the Securities and Exchange Commission. We are juststarting to raise capital pursuant to this registration statement. Once it isclear we will be able to raise sufficient capital under this offering we willstart to line up a geologist, equipment and other workers to assist us with thefirst stage of exploration on our property in the spring of 2006. 
***Our Business***
We are a start-up, pre-exploration-stage company, and have not yet generatedor realized any revenues from our business operations. An "exploration stagecompany", as defined by Guide 7(a)(4)(i) to the Securities Act of 1933, is anissuer engaged in the search for mineral deposits (reserves) which are not ineither the development or production stage. We have not commenced activebusiness operations and we do not own any properties, therefore, we have nooperations and are a pre-exploration company. We have no revenues and we haveachieved losses since inception. We have been issued a going concern opinion andrely upon the sale of our securities and loans from officers and directors tofund our operations.

We are not a blank check company. We have no intentions of merging with anyother company or allowing ourselves to be acquired by another company, or to actas a blank check company as that term is defined under Rule 419 of Regulation Cunder the rules of the *Securities Act of 1933.*We have a specificbusiness plan to operate as a mineral exploration company. We intend toaggressively pursue our business plan once we raise the necessary financing fromthis offering.**
On November 15, 2002, we entered into a trust agreement with Mr. RonaldSchmitz, our President. Pursuant to that agreement we acquired 100% beneficialinterest to the Santos mineral claim. This trust agreement was subsequentlyamended January 1, 2006 to extend its expiry date to January 1, 2008. Mr.Schmitz initially purchased the property on October 14, 2002, pursuant to apurchase agreement between himself and Mr. Locke B. Goldsmith, in which Mr.Schmitz purchased the Santos Mineral Claim for the ultimate benefit ofKnightsbridge which was not yet formed at the time; in order, that we wouldavoid having to pay additional mining title fees and to avoid having toestablish a subsidiary at this early stage of our corporate development.  

2

Mr.Schmitz purchased the Santos Mineral Claim from Mr. Locke B. Goldsmith for a feeof CDN $600 (US $387). Mr. Goldsmith is not related to Knightsbridge or any ofits directors or officers or stockholders. The price negotiated for the Santomineral claim was as a result of arms-length negotiations between the parties.Mr. Schmitz has not made any profit from this transaction with the Company. Thetrust agreement terminates on January 1, 2008, or at our option or on the datewe transfer the claim to a Canadian subsidiary corporation we incorporate in thefuture. Title to the mining claim we intend to explore is not held in our name.Title to this mining claim is recorded in the name of Mr. Schmitz. If Mr.Schmitz transfers this mining claim to a third person, the third person willobtain good title and we will have nothing. If that happens, we will be harmedin that we will not own the rights to any mining claim, we would not havelimited legal recourse and we will have to cease operations.If that event occurs, however, Mr. Schmitz will be liableto us for monetary damages for breach of his warranty of title and for breach ofhis fiduciary duties to us as director. The extent of these damages will becalculated so as to place us in the position we would have been in had thebreach of warranty and fiduciary duties not occurred. Damages would includeexpenditures incurred by us in respect of the property in addition to loss ofopportunity costs, the quantification of which would depend on any subsequentlysuccessful exploration of the properties.
If at any time the results of Phase I, Phase II or Phase III areunsuccessful, we will terminate the trust agreement and have no furtherobligations towards the Santos mineral claim. 

The Santos mineral claim is located an hour and a half by road north of theCity of Nelson in the Province of British Columbia. The Santos mineral claimconsists of eighteen cells. Cells are based on latitude and longitude and varyin size according to the area of the province. Cells in the southern BritishColumbia are slightly larger, averaging 21 hectares. Cells in central BritishColumbia average 19 hectares, while cells in northern British Columbia average16 hectares. The size of our eighteen cells is approximately 373.694 hectares.Title to our mineral claim is held by a recorded Bill of Sale Absolute in thename of Mr. Ron Schmitz who holds the property pursuant to a trust agreement forthe benefit of Knightsbridge. Our annual fee per unit for the Santos MineralClaim is CDN $4.00 per hectare for an aggregate total of CDN $1,495 payable tothe Ministry of Energy and Mines. This payment is in lieu of completing therequired work on the property. 

To date we have not performed any work on the Santos mineral claim. We arepresently in the pre-exploration stage and there is no assurance that acommercially viable mineral deposit exists in the Santos mineral claim untilfurther exploration is done and a comprehensive evaluation concludes economicand legal feasibility. We intend to try to develop any mineral deposits we findon the Santos mineral claim, if any, ourselves or enter into a joint venturewith another mining company with more experience at that stage of operation.

Since no exploration work has been done on the Santos mineral claim in thepast by us or any other parties, there are currently no geological, governmentalor other reports prepared regarding the claim.

Mining exploration is conducted in phases. In the first phase of theexploration process a company investigates the area to find out if it couldpotentially contain the minerals sought. During this stage the company or itsgeologist reviews the available information on the area, such as previous mininghistory, historical geological reports, government geological maps, satelliteimages and often the inspection of rocks in easily accessible areas such as roadcuts and quarries. Assuming a favourable report in the first stage, the companycommences the process of target identification in the second phase. The secondphase may involve geological mapping to identify rocks which look like thosethat are associated with, or contain mineral deposits. It may also includeairborne geophysical surveys looking for anomalies associated with the mineralssought. This phase may also involve sampling rocks, soil or stream sediments toidentify areas with anomalously high metal content. If this second phase isfavorable the exploration will more to a third phase. This third phaseconcentrates around drill testing, trenching and excavation using machinery. Thepurpose of this phase is to obtain core or chips of the material below theearth's surface which can be examined and analyzed to determine what if anysubsurface minerals exist and how they relate to those materials found on thesurface. If the results of the third phase indicate there may be enough of theminerals sought present in the area such that they may likely to be worthmining, a fourth phase, called the evaluation phase, is undertaken. Thisinvolves detailed drilling to confirm the tonnage, grade, geometry and characterof deposits. It usually involves obtaining material for processing and marketingtrials. The fifth phase is mine development. This phase will only be undertakenif the fourth phase establishes mineral reserves of commercial quantities. Thisis a very rare occurrence. The Board of Directors of Knightsbridge will rely onthe independent geologist's written report and recommendations submitted to theBoard of Directors after completion of each stage of exploration to determinewhether or not to undertake phases two and three. Geologists traditionally makeindependent recommendation in their written reports based on the laboratoryanalysis obtained from samples collected on a site. The Board of Directors willreview these results and rely on the recommendations of the geologist todetermine whether or not Knightsbridge should proceed to the next phase ofexploration on a particular property.

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Knightsbridge is right at the very beginning phase of mining exploration. Amore detailed outlined of our proposed exploration program is set out under theheading "Plan of Operation" in this Prospectus. We will not move on to asubsequent phase of the exploration program until the phase we are working on iscompleted and the evaluation has been rendered. We will base our decision tomove to the next phase on analysis of the positive or negative results of eachphase, the recommendation of the geologist(s) we engage, and our cash reservesat the time of assessment to move on to the next phase or raise the necessarymonies need to complete the next phase.

We do not have any plans to take Knightsbridge from exploration to revenuegeneration. We are an exploration company. Even if we complete our currentexploration program and are successful in identifying a mineral deposit, we willneed to incur substantial expenses to conduct further drilling and engineeringstudies before we will be able to establish reserves of commercial quantities.At this time, we cannot assure you that we will be able to find such a mineraldeposit or obtain the necessary funds to establish its commercial feasibility.
***Competitive Factors***
The mining industry, in general, is intensively competitive and there is notany assurance that even if commercial quantities of ore are discovered, a readymarket will exist for sale of same. Numerous factors beyond our control mayaffect the marketability of any substances discovered. These factors includemarket fluctuations, the proximity and capacity of natural resource markets andprocessing equipment, government regulations, including regulations relating toprices, taxes, royalties, land tenure, land use, importing and exporting ofminerals and environmental protection. The exact effect of these factors cannotbe accurately predicted, but the combination of these factors may result inKnightsbridge not receiving an adequate return on invested capital.
***Our Offices******Our administrative office is located at 91 Commercial Road, Poole, DorsetU.K. BH14 0JD and our registered statutory office is located at 50 West LibertyStreet, Suite 880, Reno, Nevada 89501.******Employees and Employment Agreements***
At present, we have no employees, other than Messrs. Schmitz and Rogers, ourofficers and directors, who are not compensated for their services. Messrs.Schmitz and Rogers do not have employment agreements with us. We presently donot have pension, health, annuity, insurance, stock options, profit sharing orsimilar benefit plans; however, we may adopt plans in the future. There arepresently no personal benefits available to any employees. 

We intend to hire independent geologists, engineers and excavationsubcontractors on an as needed basis. We have not entered into any negotiationsor contracts with any of them. We do not intend to initiate negotiations or hireanyone until we receive proceeds from our offering.
***Mining Regulations***
Our mineral exploration program is subject to the *Mineral Tenure Act(British Columbia)*and Regulations. This act sets forth rules for:
 locating claims,  
 posting claims,  
 working claims, and
 reporting work performed. 
The *Mineral Tenure Act (British Columbia)*and Regulations also govern thework requirements for a claim including the minimum annual work requirementsnecessary to maintain a claim. The holder of a mineral claim must performexploration and development work on the claim of $4 per hectare or paycash-in-lieu of this work. We have one claim of eighteen cells consisting ofapproximately 373.694 hectares.

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We are also subject to the *British Columbia Mineral Exploration Code*(the "Code") that tells us how and where we can explore for minerals. We mustcomply with these laws to operate our business. The purpose of the Code is toassist persons who wish to explore for minerals in British Columbia tounderstand the process whereby exploration activities are permitted andregulated. The Code establishes Province-wide standards for mineral explorationand development activities. The Code also manages and administers explorationand development activities to ensure maximum extraction with a minimum ofenvironmental disturbance. The Code does not apply to certain exploration workwe will be conducting. Specifically, work that does not involve mechanicaldisturbance of the surface including:
 Prospecting using hand-held tools,  
 Geological and geochemical surveying,  
 Airborne geophysical surveying,  
 Hand-trenching without the use of explosives, and  
 The establishment of gridlines that do not require  the felling of trees. 
Subject to the results of Phase I, the exploration activities that we maycarry out in subsequent phases which are subject to the provisions of the Codeare as follows:
 Drilling, trenching and excavating using machinery,  and  
 Disturbance of the ground by mechanical means  (blasting). 
Prior to proceeding with any exploration work subject to the Code we mustapply to the Ministry of Energy and Mines, Energy and Minerals Division, for anotice of work permit. In this notice we will be required to set out thelocation, nature, extent and duration of the proposed exploration activities.The timeline for obtaining this work permit is two weeks. There is no costassociated with obtaining this permit. 

The exploration permit that may be required for activities in phasessubsequent to Phase I is the only permit or license we will need to explore forminerals on the Santos mineral claim and it will be granted as a matter ofright.
***Environmental Laws***
We will also have to sustain the cost of reclamation and environmentalremediation for all work undertaken which causes sufficient surface disturbanceto necessitate reclamation work. Both reclamation and environmental remediationrefer to putting disturbed ground back as close to its original state aspossible. Other potential pollution or damage must be cleaned-up and renewedalong standard guidelines outlined in the usual permits. Reclamation is theprocess of bringing the land back to a natural state after completion ofexploration activities. Environmental remediation refers to the physicalactivity of taking steps to remediate, or remedy, any environmental damagecaused, i.e. refilling trenches after sampling or cleaning up fuel spills. OurPhase I and II programs do not require any reclamation or remediation other thanminor clean up and removal of supplies because of minimal disturbance to theground. The amount of these costs is not known at this time as we do not knowthe extent of the exploration program we will undertake, beyond completion ofthe recommended two phases described above. Because there is presently noinformation on the size, tenure, or quality of any resource or reserve at thistime, it is impossible to assess the impact of any capital expenditures on ourearnings or competitive position in the event a potentially economic deposit isdiscovered.***Other Regulation.*****Securities Exchange Act of 1934, as amended, (the "1934 Act"). Sections13 and 15(d) of the 1934 Act requires companies subject thereto to providecertain information about significant acquisitions, including certifiedfinancial statements for the company acquired, covering one, two, or threeyears, depending on the relative size of the acquisition. The time andadditional costs that may be incurred by some target entities to prepare suchstatements may significantly delay or essentially preclude consummation of anotherwise desirable acquisition by the Company. Acquisition prospects that donot have or are unable to obtain the required audited statements may not beappropriate for acquisition so long as the reporting requirements of the 1934Act are applicable. 
**New SEC Shell Company Rules. On June 29, 2005, the Securities andExchange Commission adopted final rules amending the Form S-8 and the Form 8-Kfor shell companies. These rules were published in the Federal Register on July21, 2005 and were made effective as of August 22, 2005, except for an amendmentto Item 5.06 of the Form 8-K that became effective on November 5, 2005. 

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The amendments expand the definition of a shell company to be a company withno or nominal operations, assets consisting of cash and cash equivalents, orassets consisting of any amount of cash and cash equivalents and nominal otherassets. Shell companies, as a result of these rule changes:
- are now prohibited from using Form S-8 (the abbreviated registration statement used to register securities issued under employee benefit plans) until 60 days after it ceases to be a shell company;;
- must include current Form 10 or Form 10-SB information, including audited financial statements in the Form 8-K that the shell company files to report an event that causes it to cease being a shell company;
- must file financial statements within four days about the transaction; and 
- where an operating company acquires a shell company and the operating company survives the transaction; the operating company will have acquired control of the shell for purposes of the definition of "succession" under the final rules and the operating company, as the surviving entity, will be required to file a Form 8-K under Item 5.01. 

Prior to the new rules, financial statements of the acquired private companywere not required to be filed on Form 8-K until 75 days after completion of themerger or acquisition. Also, detailed information about the business andmanagement of the acquired private company was not required until the reportingcompany filed its next annual report on Form 10-KSB. As a result, securities ofthe new entity could be traded for up to 75 days with investors having little orno access to vital information about the acquired private company.
**Sarbanes-Oxley Act of 2002. On July 30, 2002,President Bush signed into law the Sarbanes-Oxley Act of 2002, or the SOA. SOAimposes a wide variety of new requirements on both U.S. and non-U.S. companies,that file or are required to file periodic reports with the SEC (the "SEC")under the Securities Exchange Act of 1934. Many of these new requirements willeffect us and our board of directors. For instance, under SOA we are requiredto:- form an audit committee in compliance with SOA;
- our chief executive office and chief financial officer are required to certify our financial statements;    ensure our directors and senior officers are required to forfeit all bonuses or other incentive-based compensation and profits received from the sale of our securities in the twelve month period following initial publication of any of our financial statements that later require restatement; 
- disclose any off-balance sheet transactions as required by SOA;
- prohibit all personal loans to directors and officers;
- ensure directors, officers and 10% holders file their Forms 4's within two days of a transaction; 
- adopt a code of ethics and file a Form 8-K whenever there is a change or waiver of this code; and   ensure our auditor is independent as defined by SOA.

SOA has required us to review our current procedures and policies todetermine whether they comply with the SOA and the new regulations promulgatedthereunder. We will continue to monitor our compliance with all futureregulations that are adopted under the SOA and will take whatever actions arenecessary to ensure that we are in compliance. 

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***Reports to Securities Holders.***
Reports and other information filed by us with the Commission pursuant to theinformational requirements of the Securities Exchange Act of 1934 will beavailable for inspection and copying at the public reference facilitiesmaintained by the Commission at 100 F Street, NE, Room 2521, Washington, D. C.20549. Copies of such material may be obtained from the public reference sectionof the Commission at 100 F Street, NE, Room 2521, Washington, D. C. 20549, atprescribed rates. Please call the SEC at 1-800-SEC-0330 for further informationon the public reference room. Our reports and other documents filed with theCommission may also be available electronically on the World Wide Web athttp://www.sec.gov.

We may elect not to file a Form 8-A or other Registration Statement under theSecurities Exchange Act of 1934 and therefore, will only be subject to Section15(d) as a company who registered a Form SB-1 registration statement, thereforethe proxy rules, short-swing profits regulations, beneficial ownership reportingregulations and the bulk of the tender offer regulations will not apply to us.After we complete our Form SB-1 registered offering, we will not be required tofurnish our stockholders with an annual report. Further we will not voluntarilysend our stockholdders an annual report.
**Item 2. Description ofProperty
*Mining Properties - General***
On October 14, 2002, Ronald Schmitz, our President and a member of the boardof directors, acting as Trustee on our behalf and prior to our formation,entered into a purchase agreement to acquire one mineral claim, for our ultimatebenefit, from Mr. Goldsmith. Mr. Goldsmith is an independent geologist who isknown to the mining community in British Columbia. He is not related to any ofour officers or directors and/or affiliates. The mineral claim consists of 18cell in British Columbia, Canada known as the Santos mineral claim. Thisacquisition was subsequently recorded in the BC Mining Office on November 15,2002. The previous claim number for the Santos mineral claims was changed from256380 to 516133 when our claim was converted to cells last summer under the newMineral Titles Online registry in British Columbia.

Subsequent to Mr. Schmitz's purchase of the mineral claim, we entered into atrust agreement, dated November 15, 2002 and as amended January 1, 2006, withMr. Schmitz in order to avoid having to pay additional mining title fees and toavoid having to establish a subsidiary at this early stage of our corporatedevelopment. The trust agreement terminates on January 1, 2008, or at our optionor on the date we transfer the Santos mineral claim to a Canadian subsidiarycorporation we incorporate in the future. If at anytime the results of Phase I,Phase II or Phase III are unsuccessful, we will terminate the trust agreementand have no further obligations towards the Santos mineral claim. 

A mining claim is generally described to be that portion of the publicmineral lands which a miner, for mining purposes, takes and holds in accordancewith local mining laws but is also described to mean a parcel of land whichmight contain precious metals in the soil or rock. The Santos mineral claimconsists of eighteen cells. Cells are based on latitude and longitude and varyin size according to the area of the province. In British Columbia, cells in thesouthern British Columbia are slightly larger, averaging 21 hectares. Cells incentral British Columbia average 19 hectares, while cells in northern BritishColumbia average 16 hectares. The size of our eighteen cells is approximately373.694 hectares. The source of power utilized on the property where the Santosmineral claim is located is diesel power.

To date we have not performed any work on the Santos mineral claim and havespent no monies on exploration activities.
***Legal Status of Santos Mineral Claims.

The Santos mineral claim was purchased from Mr. Locke B. Goldsmith, M.Sc.,P.Eng., P.Geo, due to its location in a historic mining area that generally hadpreviously producing lead, silver and zinc mines in other claims. Mr. Goldsmithis a qualified, independent geologist, as per definition in National Instrument43-101 in Canada and a 40-year veteran of the mining industry. Mr. Goldsmithtransferred ownership of the Santos mineral claim to Mr. Ronald Schmitz onOctober 14, 2002, by a recorded Bill of Sale Absolute in the name of Mr. RonSchmitz who holds the property pursuant to a trust agreement for the benefit ofKnightsbridge. The Bill of Sale Absolute was registered in the BC Mining Officeon November 15, 2002. Mr. Schmitz holds the mining rights to the Santos mineralclaim which thereby gives him or his designated agent, the rights to mine andrecover all of the minerals contained within the surface boundaries of the claimcontinued vertically downward. In the event Mr. Schmitz was to grant ownershipto a third party, they would obtain good title and we would have nothing. Mr.Schmitz would, however, be liable to us for monetary damages for breach of thetrust agreement he signed with us on November 15, 2002. 

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Since there has been no prior exploration on the property, we are not awareof any mineralization found on the property. Also, there are no geological ormining engineering reports regarding the Santos mineral claim. A fully qualifiedand independent geologist, will conduct the exploration work in phases I to IIIand will provide us with a technical report at that time Also, none of ourofficers or directors have as yet, visited the property. 

Under British Columbia law, if the ownership of the Santos mineral claim wereto be passed to us and the ownership were to be recorded in our name, we wouldhave to pay a minimum of $500 and file other documents since we are a foreigncompany in Canada. We would also be required to form a British Columbia companywhich would necessitate a board of directors, a majority of which would have tobe British Columbia residents, and obtain audited financial statements for thatcompany. We have decided that if valuable mineral deposits are discovered on theSantos mineral claim and it appears that it might be economical to remove theore, we will record the ownership, pay the additional fees and file as a foreignCompany or establish a corporate subsidiary in British Columbia. The decision torecord or not record is solely within our province. 

All Canadian lands and minerals which have not been granted to privatepersons are owned by either the federal or provincial governments in the name ofHer Majesty. Ungranted minerals are commonly known as Crown minerals. Ownershiprights to Crown minerals are vested by the Canadian Constitution in the provincewhere the minerals are located. In the case of the Santos mineral claim, that isthe province of British Columbia. 

In the 19th century the practice of reserving the minerals from fee simpleCrown grants was established. The legislation ensures that minerals are reservedfrom Crown land dispositions. The result is that the Crown is the largestmineral owner in Canada, both as fee simple owner of Crown lands and throughmineral reservations in Crown grants. Most privately held mineral titles areacquired directly from the Crown. The Santos mineral claim is one suchacquisition. Accordingly, fee simple title to the Santos mineral claim resideswith the Crown. The Santos mineral claim is a mining lease issued pursuant tothe British Columbia Mineral Act to Mr. Schmitz. The lessee has exclusive rightsto mine and recover all of the minerals contained within the surface boundariesof the lease continued vertically downward. 

The Santos mineral claim is unencumbered and there are no competitiveconditions which affect the Santos mineral claim. Further, there is no insurancecovering the Santos mineral claim. We believe that no insurance is necessarysince the Santos mineral claim is unimproved and contains no buildings orimprovements.
***Claim Status***
The name, tenure number, date of recording and expiration date of the Santosmineral claims is as follows:
**Claim Name**Tenure Number**Recording Date**Expiry Date
Santos
516133
November 15, 2002
August 19, 2006**Note: 
- The former tenure number 256380 was changed to 516133 when the claim was converted in the summer 2005 under the new Mineral Titles Online registry system in British Columbia.

The Santos mineral claim consists of eighteen cells. Cells are based onlatitude and longitude and vary in size according to the area of the province.Cells in the southern British Columbia are slightly larger, averaging 21hectares. Cells in central British Columbia average 19 hectares, while cells innorthern British Columbia average 16 hectares. The size of our eighteen cells isapproximately 373.694 hectares. Title to our mineral claim is held by a recordedBill of Sale Absolute in the name of Ron Schmitz, which has been filed asExhibit 10.1 to this prospectus. 

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Mr. Ron Schmitz holds the property pursuant to a trust agreement for thebenefit of Knightsbridge. The Santos mineral claim was selected for acquisitiondue to its cost, previously recorded surrounding exploration, development andextraction work and because the Santos mineral claim is not located in anenvironmentally sensitive region. 

Information regarding the Claim can be determined by reviewing the BritishColumbia government website located at http://www.mapplace.ca/. This websitecontains a detailed description of the rock formation and mineralization of allstaked lands in British Columbia. The information can be viewed by clicking on"The Map Place", then, after downloading "MapPlace Lite WMS Viewer", by clickingon "Main Maps" and then "Mineral Titles Map". You can then enter in claim tenurenumber in the "Zoom GoTo" search window to view the area of the Santos mineralclaim. 

For title information you can go back to the "Mineral Titles Map" in thelower window, under the heading "Contents", then "Database Searches", click on"Tenure Number" and enter the claim tenure number as indicated above to view the"Mineral Titles Tenure Detail". This website database contains a detaileddescription of the rock formation, mineralization and ownership of all stakedlands in British Columbia. 

To keep the Santos mineral claim in good standing, such that it does notexpire on the dates indicated in the preceding, we must perform exploration anddevelopment work on the claim on or before August 19, 2006 or pay $4 per hectareto prevent the Santos mineral claim from reverting to the Crown. 

It is our intention to incorporate a Canadian subsidiary company and recordthe ownership in the name of our subsidiary if lead, silver or zinc isdiscovered on the Santos mineral claim and it appears that it would beeconomically viable to commercially mine the Santos mineral claim. 

Knightsbridge is a pre-exploration stage company. There is no assurance thata commercially viable mineral deposit exists on the Santos mineral claim.Exploration will be required before Knightsbridge can make an evaluation as tothe economic and legal feasibility of the Santos mineral claim.
***Location and Access***
The Santos mineral claim is located on the lower slopes of Mount Carpenter atthe north end of the Kokanee Range in the Selkirk Mountains. Highway 31A passesthrough the south part of the Santos mineral claim, approximately 8 kilometreseast of the village of New Denver. Another accessible road departs northerlyfrom Highway 31A at Three Forks and parallels Kane Creek through the southernand eastern parts of the Santos mineral claim. Various trails provide additionalaccess. 

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***Physiography***
The Santos mineral claim is snow-free from May through November, allowing asix or seven-month exploration season. The location of the Santos mineral claimis within easy commuting distance of New Denver, which has grocery stores,restaurants, motels and banking facilities. The City of Nelson, which is onehour and a half by road to the south, is the nearest major centre.
***Geology of Area Where Santos Mineral Claims is Located***
The area where the Santos mineral claim is located consists primarily ofrocks known as the Slocan group of Jurassic age rocks. The Slocan group ofJurassic age rocks are composed of rocks, sand, clay, and mixtures of sand andclay, now solidified into sandstone (quartzite), claystone (slate) and anadmixture of the two (argillite).

The original horizontal beds of various rocks have been tilted by processesof earth movement so that the beds are now on edge, with the long axis of theedges oriented in a north-northwesterly direction, with the slope so measured onthe tops of the beds variable to the northeast and southwest. Intrusive rocks ofvariable composition have been injected into and are younger than Slocan Grouprocks.
***Proposed Program of Exploration***
There is no recorded history of prior exploration of the Santos mineralclaim. We intend to conduct initial exploration of the Santos mineral claim todetermine if there are commercially exploitable lead, silver or zinc mineraldeposits. Historically, there have been several lead, silver and zinc mines inthe area surrounding the Santos mineral claim. We anticipate a three phaseexploration program to properly evaluate the potential of the Santos mineralclaim. We must conduct exploration to determine what minerals, if any, exist onthe Santos mineral claim and if any minerals which are found can be economicallyextracted and profitably processed. Our proposed program of exploration isexplained in more detail in this prospectus under "Management Discussion andAnalysis and Plan of Operation".
***History of Previous Work***
The Santos mineral claim is located in a historic mining district and islocated between three former silver, lead and zinc producing mines. There is,however, no recorded history of prior exploration on our claim. Nomineralization is known on our claim.
***Description of Other Properties***
Our administrative office is located at 91 Commercial Road,Poole, Dorset U.K. BH14 0JD and our registered statutory office is located at 50West Liberty Street, Suite 880, Reno, Nevada 89501. Our administrative office isprovided free of charge by Ernest Rogers, our majority stockholder.
**Item 3. LegalProceedings.******
We were not a party to any legal or regulatory proceedings in the fiscal yearended 2005 nor are we aware of any such proceedings pending.
**Item 4. Submissions ofMatters to a Vote of Security Holders.**
No matter was submitted during the fourth quarter of our fiscal year to avote of our security holders through the solicitation of proxies or otherwise.
**PART II

**Item 5. Market for CommonEquity and Related Stockholder Matters.*****General.***
No public market has been established for the common stock of Knightsbridge.There are at present no plans, proposals, arrangements or understandings withany person with regard to the development of a trading market in Knightsbridge'ssecurities. There is no assurance that a trading market will ever develop forthe common stock of Knightsbridge or, if such a market does develop, that itwill continue. 

Knightsbridge has no common equity subject to outstanding purchase options orwarrants. Knightsbridge has no securities convertible into its common equity.Knightsbridge has common equity that can be sold pursuant to Rule 144 under theSecurities Act of 1933. Except for this offering, there is no common equity thatis being, or has been publicly proposed to be, publicly registered byKnightsbridge. 

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As of March 31, 2006, we had 3 stockholders of record holding 11,000,000shares of common stock. 
***Dividend Policy.***
No dividends have been paid to date and none is expected to be paid in theforeseeable future.
***Equity Compensation Plan. We do not have any securities authorized for issuance under any equitycompensation plans.
***Recent Sales of Unregistered Securities.None.**Item 6. Management Discussion and Analysis.**"***SafeHarbor" Statement under the Private Securities Litigation Reform Act of 1995***
This Form 10-QSB report may contain certain "forward-looking" statements assuch term is defined in the Private Securities Litigation Reform Act of 1995 orby the Securities and Exchange Commission in its rules, regulations and/orreleases, which represent our expectations or beliefs, including but not limitedto, statements concerning our economic performance, financial condition, growthand marketing strategies, availability of additional capital, ability to attractsuitable personal and future operational plans. For this purpose, any statementscontained herein that are not statements of historical fact may be deemed to beforward-looking statements. Without limiting the generality of the foregoing,words such as "may," "will," "expect," "believe," "anticipate," "intend,""could," "estimate," "might," or "continue" or the negative or other variationsthereof or comparable terminology are intended to identify forward-lookingstatements. These statements by their nature involve substantial risks anduncertainties, certain of which are beyond our control, and actual results maydiffer materially depending on a variety of important facts, including but notlimited to those risk factors in Knightsbridge's Registration Statement on FormSB-1, as amended, filed with the SEC on October 28, 2005.
***Our Proposed Plan ofOperation****General*
The following discussion and analysis should be read in conjunction with thefinancial statements, including the notes thereto, appearing elsewhere in thisdocument.

The "Plan of Operation" of Knightsbridge is incorporated by reference fromthe Knightsbridge's Form SB-1, as amended, filed with the SEC on October 28,2005.
*Plan of Operations*
Knightsbridge is a pre-exploration company incorporated under the laws of theState of Nevada on October 23, 2002. We have not commenced active businessoperations and we do not own any properties, therefore, we have no operations orrevenue. We have obtained the rights to one mineral claim consisting of 18cells. These rights entitle us to the minerals located on the property subjectto the mineral claim. We obtained the rights to this mineral claim by way of atrust agreement between ourselves and Ron Schmitz, our President. The recordedtitle to the mineral claim is in Ron Schmitz's name who holds the propertypursuant to a trust agreement for the benefit of Knightsbridge (the "**Santosmineral claim**"). We do not own title to this property.

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Exploration will be required before a final evaluation regarding the economicand legal feasibility of this property can be made. Economically feasible meansthat the costs associated with the removal of the mineralized material will notexceed the price at which we can sell the mineralized material. We can't predictwhat that will be until we find mineralized material.

The Santos mineral claim is without known mineralization and our proposedprogram is exploratory in nature. We must conduct exploration to determine whatamount of minerals, if any, exist on the property and if any minerals which arefound can be economically extracted and profitably processed. Specifically, weintend to explore for silver, zinc and lead on the Santos mineral claim.

The SEC has notified us it had no further comments on our Form SB-1registration statement we filed October 28, 2005 (the "prospectus"). Under thisprospectus we intend to sell up to 2,000,000 shares of our common stock (the "**Shares**")at $0.10 per share to raise up to $200,000. We have not retained an underwriterto sell these Shares. We will conduct this offering as a direct public offering,meaning there is no guarantee as to how much money, if any, we will be able toraise through the sale of our stock. Our directors, Messrs. Rogers and Schmitz,will be personally selling shares and each have limited prior experience inselling securities. We need to raise $ 35,000 in this offering in order to meetour initial offering and Phase I exploration expenses. If we fail to sell atleast $ 35,000 of the stock we intend to sell, we may never be able to commenceoperations or generate revenue. Therefore, investors may lose all orsubstantially all of their investment.

If we raise the maximum amount of this offering mid-May, 2006, we will beginPhase 1 and complete Phase 1 at the end of June, 2006. Phase 1 would takeapproximately 1 and 1/2 months and we intend to allocate US $10,000 to itscompletion. We would then start Phase 2 at the beginning of July, 2006 andcomplete Phase 2 September, 2006. Phase 2 would take approximately 3 months andwe intend to allocate US $35,000 for its completion. We would start Phase 3September, 2006 and complete Phase 3 in late 2007. Phase 3 would takeapproximately 6 months and we intend to allocate US $60,000 to this phase. Wecannot work from December to May because of bad weather conditions. If we raisethe maximum amount of funds under this offering, we will not need any morefunding for Phases 1, 2 and 3. If we do not raise the maximum amount of fundsunder this offering, then we will have to raise more money through privateplacements, public offerings or by bringing in other partners. The money weraise from this offering will determine how long we can satisfy our cashrequirements. If we do not raise enough funds, Knightsbridge will have to raiseadditional funds within the next 12 months or go out of business. Knightsbridgewill need a minimum of US$ 6,000 in order to meet its expenses associate withmeeting the periodic reporting requirements of a public company. 

As of December 31, 2005 our cash balance was $ 4,003. Without additionalfinancing, we would not be able to continue beyond three to six months. Mr.Schmitz, an officer and director of Knightsbridge has orally agreed to providethe 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 beenforceable, as we have not given any consideration to Mr. Schmitz to make it abinding agreement. Should Mr. Schmitz not provide us with the funds necessary tocover our operating expenses, Knightsbridge would cease to exist within sixmonths or less.

If the results of Phase 1 or 2 are not successful and we choose not tocontinue Phase 2 or 3, we will seek to acquire other claims for exploration aswe are an exploration company. We will not acquire claims from related parties.

We need to raise the maximum amount of this offering or we may not be able tocontinue for the next 12 months unless we obtain additional capital to pay ourbills. We have not generated any revenues and no revenues are anticipated unlessand until silver, lead or zinc are discovered on the property in which we havean interest. Accordingly, we would need to raise cash from other sources thanthe sale of the silver, lead or zinc. We will be conducting research inconnection with the exploration of the property on which we own mininginterests. 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 implement an exploration program, designed to target zinc, leadand silver reserves, as these elements have been historically found in thisregion. In particular there have been a number of lead, silver and zincproducing mines in the Slocan Mining District where this claim is situated;although, there has been no such exploration on the Santos mineral claim. Weintend to proceed in the following three phases all of which will be supervisedby Mr. Ron Schmitz, our President and by an independent geologist and othercontractors hired by him on our behalf. We will assess the success of phase Iand phase II of our exploration program, based on the written report andrecommendations of a qualified, independent geologist, before proceeding anyfurther. Should we not achieve a successful result based on these assessments,we will abandon this claim and look for other mining properties. We will nothire anyone to start exploration until we receive funds from this offering tostart exploring for minerals on the Santos mineral claim.

12
**Phase I. Phase I will begin with research of the available geologicliterature, personal interviews with geologists, and others familiar with theprospect area where the Santos mineral claim is located.

When the research is completed, our initial work will be augmented withgeologic mapping which includes taking measurement of regular spacing from areference location for sample sites, preliminary examination and description ofrock and mineral types for use in preparation of maps which show location andfeatures of each rock or mineral occurrence, if present. The geologic mapping onthe property will be done by taking rock and soil samples throughout theproperty which have been measured from a reference location for analysis in alaboratory to determine the quantities of certain of the metallic and nonmetallic elements in each sample . On areas with no rock outcrops, we will dosoil survey grids. We will also analyze surface outcrops of rock and thetopography of the property to assist in the geologic mapping.

We will also conduct geochemical testing during Phase I. Rock and soilsamples will be taken from the property and taken to a laboratory where adetermination of the elemental make up of the sample and the exactconcentrations of mineral composition (lead, silver or zinc) will be made. Wewill then compare the relative concentrations of mineral samples so the resultsfrom different samples can be compared in a more precise manner and plotted on amap to evaluate their significance and determine whether or not the Santosmineral claim has current economic potential and whether further exploration iswarranted.
**Phase II. Subject to the results of the report provided by the resultsobtained in Phase I, we will continue to Phase II. Phase II will consist of adetailed description of rock and mineral types for use in preparation of mapswhich show the location and features of each rock or mineral occurrence, ifpresent. Phase II will consist of a collection of rock and soil samples atadditional sites, which may be measured from a reference location, for analysisin a laboratory to determine the quantities of certain of the metallic andnon-metallic elements in each sample. Digging pits or trenches through soil toexpose rock for purposes of sampling and description of rock or mineraloccurrences might be part of the program. Trenches or pits could be one to twometres deep and could be from several metres to a hundred or more metres inlength. We anticipate that we will rely primarily on more extensive trenchingduring Phase II to identify the extent of mineralization. We estimate that PhaseII will take about three months to complete and cost up to $35,000. 

Subject to the results provided by the independent geologist written reportand recommendations based on his laboratory analysis of Phase II, we willdetermine 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 IIIwill take about 6 months and cost up to $60,000. We do not anticipate commencingPhase III until late 2006.

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

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

We will be conducting research in connection with the exploration of theSantos mineral claim. We are not going to buy or sell any plant or significantequipment. We do not expect a change in our number of employees. Capital Requirements of Our Proposed Exploration Program.

For all three phases of our proposed exploration program, we anticipate thecapital costs to be approximately $105,000. This amount will include all costsin respect of the equipment we will need during each phase (including rental ofa 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 forgeologic mapping, soil sampling, and supervision; the services of field workerswho will be responsible for general labor, including trenching, and sitemaintenance; food and camp supplies; and analysis of samples, including shippingof samples to laboratory and testing analysis. 

13
***Loss Per Period/General and Administrative Expense.***
Knightsbridge's net loss for the year ended December 31, 2005 was $ (29,473)compared to $ (6,415) for the year ended December 31, 2004. 
***Liquidity and Capital Resources Liquidity***
As of December 31, 2005 Knightsbridge total cash on hand was $ 4,003 ($1,372 -December 31, 2004). Knightsbridge had $ 51,540 ($25,736 - December 31, 2004) inliabilities of which $ 45,256 is owed due to related parties and $ 6,284 is owedfor accounts payable and accrued liabilities.
***Need for Additional Capital***
If we are successful in selling the 2,000,000 shares of common stock offeredunder our prospectus, management believes we will have sufficient capital tocomplete all three exploration phases proposed for the Santos mineral claim. Wewill assess whether to proceed with Phase II of the exploration program uponcompletion of Phase I and an evaluation of the results of the Phase I program.Similarly, we will assess whether to proceed with Phase III of the explorationprogram upon completion of Phase II and an evaluation of the results of thePhase II program.

If our exploration activities are successful we plan to either furtherdevelop the Santos mineral claim on our own or enter into a joint venture withanother mining company with more experience at that stage of operation. We willneed a considerable amount of additional capital if we are to proceed to furtherdevelopment of the Santos mineral claim.

If we are unable to sell more than 500,000 shares of the planned offering wewill only have sufficient capital available to fund the Phase I explorationprogram and we would have to search for additional financing at that time orsuspend operations.

We have no assurance that future financing will be available to us onacceptable terms. If financing is not available on satisfactory terms, we may beunable to continue or expand our operations. Equity financing could result inadditional dilution to existing shareholders.
***Off-balance sheet arrangements

As of December 31, 2005, and March 31, 2006, Knightsbridge has had nooff-balance sheet arrangements.
*Risk Factors

We have no known ore reserves and we cannot guarantee we will find anymineral reserves or if we find minerals, that production will be profitable.*
We have no known ore reserves. We have not identified any lead, silver, zinc,or other metal or mineral on the property and we cannot guaranty that we willever find any such minerals. Even if we find that there are mineral reserves onthe Santos mineral claim, we cannot guaranty that we will be able to recoverthese minerals. Even if we recover mineral reserves, we cannot guaranty that wewill make a profit. If we cannot find mineral reserves or it is not economicalto recover these mineral reserves, we will have to cease operations.
*Because the probability of an individual prospect ever having reserves isextremely remote any funds spent on exploration will probably be lost.*
The probability that our prospect will ever have mineral reserves isextremely low. Therefore, in all probability, the Santos mineral claim does notcontain any reserves. Therefore, any funds spent on exploration will probably belost which will result in a loss of your entire investment.
*Our management lacks the technical training and/or experience in metalexploration or mining required for starting and operating a mine.*
14
**
Our management lacks the technical training and/or experience in metalexploration or mining required for starting and operating a mine. With no directtraining or experience in these areas, our management may not be fully aware ofmany of the specific requirements related to working within this industry. Ourmanagement's decisions and choices may not take into account standardengineering or managerial approaches commonly used by mineral explorationcompanies. Therefore, our operations, earnings and ultimate financial successcould suffer irreparable harm.
*If we do not raise enough money for exploration in this offering we will haveto delay exploration until we are able to raise enough money through other meansor go out of business.*
Knightsbridge is in the very early exploration stage and needs the proceedsfrom our offering to start exploring for mineral reserves. Since there is nominimum and no refunds on sold shares, you may be investing in a company thatwill not have the funds necessary to commence its operations. We need to raise $35,000 (17.5% of the entire offering) in this offering in order to meet ourinitial offering and Phase I exploration expenses. We have not retained anunderwriter to sell these Shares. We will conduct this offering as a directpublic offering, meaning there is no guarantee as to how much money we will beable to raise through the sale of our stock. Messrs. Rogers and Schmitz, will bepersonally selling shares and each have limited prior experience in sellingsecurities. If we fail to sell at least 17.5% of the stock we intend to sell, wemay never be able to commence operations or generate revenue. Therefore,investors may lose all or substantially all of their investment. 
*Weather interruptions in the province of British Columbia may affect anddelay our proposed exploration operations.*
Our proposed exploration work can only be performed approximately five to sixmonths out of the year. This is because rain and snow cause the roads leading tothe Santos mineral claim to be impassable during six to seven months of theyear. When roads are impassable, we are unable to conduct exploration operationson the Santos mineral claim.
*Knightsbridge's exploration efforts and limited capital may limit our abilityto find mineralized material. If we do not find mineralized material, we willcease operations.*
Because we are small and do not have much capital, we must limit ourexploration. Because we may have to limit our exploration, we may not findmineralized material, although the Santos mineral claim may contain mineralizedmaterial. If we do not find mineralized material, we will cease operations.
*We may not have enough money to complete our exploration and consequently mayhave to cease or suspend our operations.*
We may not have enough money to complete the exploration of the Santosmineral claim. Because we are exploring raw undeveloped land, we do not know howmuch we will have to spend to find out if there is mineralized material on theSantos mineral claim. It could cost as little as $10,000 and as much as $105,000to find out. What we do know is that the first $23,800 we raise will be used tocover the cost of of our prospectus offering before we spend any money on ourexploration program, which means we need to raise at least $35,000 (17.5% of theentire offering) before we can even begin Phase I of our exploration program. Wedo not know how much money we will raise in our prospectus offering. If it turnsout that we have not raised enough money to start or complete all three phasesof our exploration program, we will have to either raise further capital throughanother offering or suspend or cease operations altogether.
*Because title to Santos mineral claim, the mining claim we intend to explore,is held in the name of another person, if he transfers this mining claim tosomeone other than us, we will cease operations.*
Title to the mining claim we intend to explore is not held in our name. Titleto this mining claim is recorded in the name of one of our officers anddirectors, Mr. Schmitz. If Mr. Schmitz transfers this mining claim to a thirdperson, the third person will obtain good title and we will have nothing. Ifthat happens, we will be harmed in that we will not own the rights to any miningclaim and we will have to cease operations.
*Because title to the Santos mineral claim is in the name of Mr. Schmitz, acreditor of Mr. Schmitz could attach a lien on this property and have theproperty sold. If this happens, the creditor or a third party could take titleto the Santos mineral claim and we will cease operations.*
15
**
Because title to the property we intend to explore is in the name of Mr.Schmitz, a creditor of Mr. Schmitz could attach a lien on this mineral claim andhave it sold. If that happens, the creditor or a third party buying the propertyat a judicial sale could take title to this mineral claim. If that happens, wewill cease to hold any rights to any mineral claims and will cease operations.
*We do not have a documented geologic field examination by a professionalgeologist or mining engineer of the Santos mineral claim which is documented bya geologic report. Because of the speculative nature of exploration of mineralproperties, there is substantial risk that no commercially exploitable mineralwill be found and our business will fail.*
We do not have a documented geologic field examination by a professionalgeologist or mining engineer of the Santos mineral claim which is documented bya geologic report. Exploration for minerals is a speculative venture necessarilyinvolving substantial risk. The expenditures to be made by us in the explorationof the Santo mineral claim may not result in the discovery of commercialquantities of any minerals. Problems such as unusual or unexpected formationsand other conditions are involved in mineral exploration and often result inunsuccessful exploration efforts. In such a case, we would be unable to completeour business plan and you would lose your entire investment.
*We lack an operating history and have losses which we expect to continue intothe future. As a result, we may have to suspend or cease operations. 

We were incorporated on October 23, 2002 and we have not started our proposedbusiness operations or realized any revenues. We have no operating history uponwhich an evaluation of our future success or failure can be made. Our net losssince inception to December 31, 2005 is $55,324. To achieve and maintainprofitability and positive cash flow we are dependent upon: 
- our ability to locate a profitable mineral reserve,
- our ability to generate revenues, and
- our ability to reduce exploration costs.  

Based upon current plans, we expect to incur operating losses in futureperiods. This will happen because there are expenses associated with theresearch and exploration of our mineral properties. As a result, we may notgenerate revenues in the future. Failure to generate revenues will cause us tosuspend or cease operations. 

Our independent auditors issued a going concern opinion on our financialstatements, questioning our ability to continue as a going concern. 
*Our independent auditor's opinions on our 2005 and 2004 financial statementsincludes an explanatory paragraph indicating substantial doubt about our abilityto continue as a going concern.

For the past two years or more, we have operated with limited operatingcapital, and we continue to face immediate and substantial cash needs. We aredependent on raising or borrowing capital. It is likely even if we aresuccessful in raising the maximum being offered under our prospectus we may needto raise additional capital or reduce the level of our operations in the future,resulting in a material adverse effect on our business and operations andcharges that could be material to our business and results of operations. See"Financial Statements - Report of Independent Auditors." 
*Our directors and officers reside outside of the United States and as such itmay be difficult for you to protect your interests as a shareholder and yourability to protect your rights through the U.S. federal courts may be limited.*
Our directors and officers reside outside of the United States. The rights ofshareholders to take action against the directors and actions by minorityshareholders as a result may be difficult. Laws outside of United States may notbe as established and or may differ from provisions under statutes or judicialprecedent in existence in jurisdictions in the United States. In addition,shareholders may not have standing to initiate shareholder derivative actionsbefore the courts outside of the United States or have limited rights to enforcejudgments obtained in United States in jurisdictions outside of United States.As a result, the public shareholders of Knightsbridge may face differentconsiderations in protecting their interests in actions against the management,directors or majority stockholders than would shareholders of a corporationwhose directors, officers and majority stockholders reside in the United States.Similarly, Knightsbridge's ability to protect its interests if it is harmed in amatter and effectively sue in a United States federal court may be limited.

16
**Item 7. FinancialStatements.**
Our fiscal year end is December 31.

Our audited financial statements for the year ended December 31, 2005:
***Audited Financial Statements of KnightsbridgeResources, Inc.*****KNIGHTSBRIDGE RESOURCES INC.**
(A Pre-exploration Stage Company)

REPORT AND FINANCIAL STATEMENTS

December 31, 2005 and 2004

(Stated in US Dollars)

 

 
**Index****Page****Report of Independent Chartered Accountants**  F-1**Financial Statements**Consolidated  Balance SheetF-2  Consolidated Statement of Operations  F-3Consolidated  Statement of Stockholders' DeficitF-4  Consolidated Statement of Cash Flows  F-5Notes to  Consolidated Financial StatementsF-6-9
17
********
 
**A PARTNERSHIPOF INCORPORATED  PROFESSIONALS****AMISANO HANSON **Chartered**Accountants****REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To the Stockholders,Knightsbridge Resources Inc.
We have audited the accompanying balance sheets of Knightsbridge ResourcesInc. (A Pre-exploration Stage Company) as of December 31, 2005 and 2004 and therelated statements of operations, cash flows and stockholders' deficiency forthe years ended December 31, 2005 and 2004 and the period October 23, 2002 (Dateof Inception) to December 31, 2005. These financial statements are theresponsibility of the Company's management. Our responsibility is to express anopinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the PublicCompany Accounting Oversight Board (United States of America). Those standardsrequire that we plan and perform an audit to obtain reasonable assurance aboutwhether the financial statements are free of material misstatement. An auditincludes examining on a test basis, evidence supporting the amounts anddisclosures in the financial statements. An audit also includes assessing theaccounting principles used and significant estimates made by management, as wellas evaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our opinion.

In our opinion, these financial statements referred to above present fairly,in all material respects, the financial position of Knightsbridge Resources Inc.as of December 31, 2005 and 2004 and the results of its operations and its cashflows for the years ended December 31, 2005 and 2004 and the period October 23,2002 (Date of Inception) to December 31, 2005, in conformity with accountingprinciples generally accepted in the United States of America.

The accompanying financial statements referred to above have been preparedassuming that the Company will continue as a going concern. As discussed in Note1 to the financial statements, the Company is in the pre-exploration stage, hasno established source of revenue and is dependent on its ability to raisecapital from stockholders or other sources to sustain operations. These factors,along with other matters as set forth in Note 1, raise substantial doubt thatthe Company will be able to continue as a going concern. The financialstatements do not include any adjustments that might result from the outcome ofthis uncertainty.

 
    Vancouver, Canada
/s/ AMISANO HANSONFebruary 27, 2006
Chartered Accountants
F1

18
**KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)BALANCE SHEETSDecember 31, 2005 and 2004(Stated in US Dollars)

 

**ASSETS**
2005
2004   Current  
     Cash$           4,003$           1,372   **LIABILITIES   Current       Accounts payable and  accrued liabilities$            6,284$            7,692     Advances from a  director - Notes 4 and 645,25618,044    51,54025,736**STOCKHOLDERS' DEFICIENCY   Common stock, $0.00001  par value - Note 1  
100,000,000 shares authorized
11,000,000 shares issued (2004:  11,000,000)110110
Additional paid-in capital7,6771,377Deficit accumulated  during the pre-exploration stage (55,324)(25,851)    (47,537)(24,364)    $            4,003$             1,372   
Nature and Continuance of Operations - Note 1Commitments - Note 1Subsequent Event - Note 6

SEE ACCOMPANYING NOTES

F2
**KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)STATEMENTS OF OPERATIONSfor the years ended December 31, 2005 and 2004and for the period October 23, 2002 (Date of Inception) toDecember 31, 2005(Stated in US Dollars)

 
    
October 23,     
2002 (Date of     
Inception) to     
December 31,  
2005
2004
2005     Expenses         Audit and accounting fees $           11,119$           5,942$           22,257     Bank charges 146150477     Foreign exchange gain (108)(142)(250)     Interest on advances from a  director         - Note 4 6,300-6,300     Legal fees 9,400-19,400     Mineral claim and pre-exploration  costs 2882402,426     Office 77-123     Registration and filing fees 2,2512254,591
Net loss for the period $       (29,473)$         (6,415)$         (55,324)Basic and diluted loss per share $           (0.00)$           (0.00) Weighted average number of shares   outstanding 11,000,00011,000,000 
SEE ACCOMPANYING NOTES
****
F-3

20
**KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)STATEMENTS OF CASH FLOWSfor the years ended December 31, 2005 and 2004and for the period October 23, 2002 (Date of Inception) toDecember 31, 2005(Stated in US Dollars)

 
   
October 23,  
2002 (Date of  
Inception) to  
December 31, 
2005
2004
2005Cash Flows used in Operating  Activities        Net loss for the period$       (29,473)$       (6,415)$       (55,324)     Items not affecting cash:            Contribution of capital by  shareholder           for mineral claim cost--387         Interest on advances from a  director6,300-6,300     Change in non-cash working capital  balance       related to operations            Accounts payable and accrued  liabilities(1,408)5,9426,284     (24,581)(473)(42,353)    Cash Flows from Financing  Activities        Common stock issued--1,100     Advances from a director27,21254045,256     27,21254046,356    
Increase in cash during the period2,631674,003    Cash, beginning of the period1,3721,305-    Cash, end of the period$           4,003$           1,372$           4,003        
 

SEE ACCOMPANYING NOTES
****
F-421
**KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)STATEMENT OF STOCKHOLDERS' DEFICIENCYfor the period October 23, 2002 (Date of Inception) toDecember 31, 2005(Stated in US Dollars)

 
    
Deficit     
Accumulated    
Additional
During the  
Common Shares
Paid-in
Pre-exploration  
Number
Par Value
Capital
Stage
Total      Common stock issued for cash        -  at $0.000110,000,000$             100$             900$                  -$           1,000      Contribution of capital by  shareholder--387-387Net loss for the period---(8,001)(8,001)      Balance, December 31, 200210,000,0001001,287(8,001)(6,614)Common stock issued for cash        -  at $0.00011,000,0001090-100Net loss for the year---(11,435)(11,435)      
Balance, December 31, 200311,000,0001101,377(19,436)(17,949)Net loss for the year---(6,415)(6,415)      
Balance, December 31, 200411,000,0001101,377(25,851)(24,364)      Imputed interest - Note 4--6,300-6,300Net loss for the year---(29,473)(29,473)      
Balance, December 31, 200511,000,000$             110$           7,677$       (55,324)$       (47,537)      ****
SEE ACCOMPANYING NOTES

F-522 
**KNIGHTSBRIDGE RESOURCES INC.(A Pre-exploration Stage Company)NOTES TO THE FINANCIAL STATEMENTSDecember 31, 2005 and 2004(Stated in US Dollars)

            Note 1 Nature and Continuance of Operations
The Company is in the pre-exploration stage. The Company has acquired one   mining claim consisting of twelve units located in the Province of British   Columbia, Canada and has not yet determined whether this property contains   reserves that are economically recoverable. The recoverability of amounts   from the property will be dependent upon the discovery of economically   recoverable reserves, confirmation of the Company's interest in the   underlying property, the ability of the Company to obtain necessary financing   to satisfy the expenditure requirements under the property agreement, if any,   and to complete the development of the property and upon future profitable   production or proceeds for the sale thereof.

These financial statements have been prepared in accordance with generally   accepted accounting principles applicable to a going concern, which assumes   that the Company will be able to meet its obligations and continue its   operations for its next fiscal year. Realization values may be substantially   different from carrying values as shown and these financial statements do not   give effect to adjustments that would be necessary to the carrying values and   classification of assets and liabilities should the Company be unable to   continue as a going concern. At December 31, 2005, the Company had not yet   achieved profitable operations, has accumulated losses of $49,024 since its   inception, has a working capital deficiency of $47,537 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 future profitable operations and/or to obtain the   necessary financing to meet its obligations and repay its liabilities arising   from normal business operations when they come due. 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. Management considers that the   Company will also be able to obtain additional funds from related party   advances, however, there is no assurance that these sources of additional   funding will be available.

The Company was incorporated in the State of Nevada on October 23, 2002.

Note 2 Summary of Significant Accounting Policies
The financial statements of the Company 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 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.
****
F-623 

Knightsbridge Resources Inc.(A Pre-exploration Stage Company)Notes to the Financial StatementsDecember 31, 2005 and 2004(Stated in US Dollars) - Page 2

Note 2 Summary of Significant Accounting Policies - (cont'd)

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

Pre-exploration Stage Company

The Company complies with Financial Accounting Standards Board Statement   No. 7 and Securities and Exchange Commission Act Guide 7 for its   characterization of the Company as pre-exploration stage.

Capitalization of Mineral Claim Costs
Cost of acquisition, exploration, carrying and retaining unproven   properties are expensed as incurred. Costs incurred in proving and developing   a property ready for production are capitalized and amortized over the life   of the mineral deposit or over a shorter period if the property is shown to   have an impairment in value. Expenditures for mining equipment are   capitalized and depreciated over their useful life.

Environmental Costs
Environmental expenditures that relate to current operations are expensed   or capitalized as appropriate. Expenditures that relate to an existing   condition caused by past operations, and which do not contribute to current   or future revenue generation, are expensed. Liabilities are recorded when   environmental assessments and/or remedial efforts are probable, and the cost   can be reasonably estimated. Generally, the timing of these accruals   coincides with the earlier of completion of a feasibility study or the   Company's commitments to plan of action based on the then known facts.

Income Taxes
The Company uses the asset and liability method of accounting for income   taxes pursuant to Statement of Financial Accounting Standards, No. 109   "Accounting for Income Taxes" ("FAS 109"). Under the assets and liability   method of FAS 109, deferred tax assets and liabilities are recognized for the   future tax consequences attributable to temporary differences between the   financial statements carrying amounts of existing assets and liabilities and   their respective tax bases. Deferred tax assets and liabilities are measured   using enacted tax rates expected to apply to taxable income in the years in   which those temporary differences are expected to be recovered or settled.
****
F-724 

Knightsbridge Resources Inc.(A Pre-exploration Stage Company)Notes to the Financial StatementsDecember 31, 2005 and 2004(Stated in US Dollars) - Page 3

Note 2 Summary of Significant Accounting Policies - (cont'd)

Basic and Diluted Loss Per Share

The Company reports basic loss per share in accordance with the Statement   of Financial Accounting Standards No., 128, "Earnings Per Share". Basic loss   per share is computed using the weighted average number of shares outstanding   during the period. Diluted loss per share has not been provided as it would   be antidilutive.

Financial Instruments
The carrying value of cash, accounts payable and accrued liabilities and   advances from a director approximates their fair value because of the short   maturity of these instruments. Unless otherwise noted, it is management's   opinion that the Company is not exposed to significant interest, currency or   credit risks arising from these financial instruments.

Foreign Currency Translation
Monetary assets and liabilities denominated in a foreign currency are   translated into US dollars at exchange rates prevailing at the balance sheet   date and non-monetary assets and liabilities are translated at exchange rates   prevailing at the transaction dates. Foreign currency denominated revenues   and expenses are translated at exchange rates prevailing at the transaction   dates. Gains or losses arising from the translations are recognized in the   current year.

New Accounting Standards
Management does not believe that any recently issued, but not yet   effective accounting standards if currently adopted could have a material   effect on the accompanying financial statements.

Note 3 Mineral Claim
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   year ended December 31, 2005, the Company renewed its mineral claim such that   the claim has an expiration date of August 19, 2006.
****
F-825 

Knightsbridge Resources Inc.(A Pre-exploration Stage Company)Notes to the Financial StatementsDecember 31, 2005 and 2004(Stated in US Dollars) - Page 4

Note 4 Advances from a Director - Note 6

The advances from a director are unsecured, non-interest bearing and due   on demand. During the year ended December 31, 2005, imputed interest of   $6,300 was expensed (2004: $Nil) and credited to additional paid-in capital.

Note 5 Income Taxes
The following table summarizes the significant components of the Company's   deferred tax assets:
 
December 31, 
2005
2004   Deferred tax assets  Tax loss carryforwards$ 7,354$ 3,878Valuation allowance(7,354)(3,878)    $ -$ -
The amount taken into income as deferred tax assets must reflect that   portion of the income tax loss carryforwards that is more likely-than-not to   be realized from future operations. The Company has chosen to provide an   allowance of 100% against all available income tax loss carryforwards,   regardless of their time of expiry.

No provision for income taxes has been provided in these financial   statements due to the net losses. At December 31, 2005, the Company has   accumulated tax loss carryforwards totalling $49,024 which will begin to   expire commencing in 2022, the benefit of which has not been recorded in the   financial statements.

Note 6 Subsequent Event
Subsequent to December 31, 2005, a director of the Company   advanced the Company $5,000. The advance is unsecured, non-interest bearing   and due on demand.

Note 7 Comparative Figures
Certain of the December 31, 2004 comparative figures have been   reclassified to conform with the presentation used in the current year.

F-926 
**Item 8. Changes In and Disagreements with Accountants on Accounting andFinancial Disclosure.

We have had no change in, or disagreements with, our principal independentaccountant during our past two fiscal years.
**Item 8A. Controls andProcedures.**
We have evaluated the effectiveness of our disclosure controls and procedures(as defined in Rules 13a-14 and 15d-14 of the *Securities Exchange Act of 1934*,as amended) as of a date within ninety days of the filing date of this quarterlyreport on Form 10-KSB. Based upon their evaluation, our Chief Executive Officerand Chief Financial Officer, have concluded that our disclosure controls andprocedures are effective. 
***Changes in internal controls. There were no significant changes in Knightsbridge's internal controls or in anyfactors that could significantly affect internal controls subsequent to the dateof the Chief Executive Officer and Chief Financial Officer's evaluation.***Evaluation of Disclosure Controls and Procedures.***
Our Chief Executive Officer and Chief Financial Officer have evaluated theeffectiveness of our disclosure controls and procedures (as defined in Rules13a-14 and 15d-14 of the Securities Exchange Act of 1934, as amended) as of adate within ninety days of the filing date of this annual report on Form 10-KSB.Based upon their evaluation, the Chief Executive Officer and Chief FinancialOfficer have concluded that our disclosure controls and procedures areeffective. 
**Item 8B. OtherInformation.**
None
**PART III****Item 9. Directors andExecutive Officers of the Registrant.
*Identification of Directors and Executive Officers.***
Each of our directors is elected by the stockholders for a term of one yearand serves until his or her successor is elected and qualified. Each of ourofficers is elected by the board of directors for a term of one year and servesuntil his or her successor is duly elected and qualified, or until he or she isremoved from office. The board of directors has no nominating, auditing orcompensation committees. 

The names, addresses, ages and positions of our present officers anddirectors are set forth below: 
**Name****Age****Positions****Date First Held****Term of Office**Ron Schmitz  Suite 810, 609 Granville  Vancouver, B.C.  V7Y 1G5 
39President, Chief  Executive Officer, Secretary, Treasurer & DirectorOctober 23, 2002to presentErnest George Rogers  91 Commercial Road  Poole, Dorset U.K. BH14 0JD
55Director January 23, 2003to present**27
***Background of Officers and Directors

The principal occupation and business experience during the last five years foreach of our present directors and executive officers are as follows:
**Ron Schmitz, President, Chief Executive Officer, Secretary, Treasurer &Director. Mr. Schmitz is the President of ASI Accounting Services Inc. andhas held that position since July, 1995. ASI Accounting Services Inc. providesadministrative, accounting and office services to public and private companies,with the majority of these companies being foreign companies and approximately20% of these companies complying with US GAAP. Mr. Schmitz completed level 3 ofthe Certified General Accountant program in June, 1987. Mr. Schmitz is adirector of: Gold Canyon Resources Inc. (since April 1997); Touchstone ResourcesLtd. (March 22, 1999-Sept. 30, 1999 and March, 2001 to present); and of BenemVentures Inc. (from March, 2002 to September 29, 2005 ), all of which are juniorexploration mining public companies traded on the TSX Venture Exchange inCanada. He was also a director of Bradner Ventures Ltd. (1997 to March 10, 2004)and held the office of President of that company (May 19, 2000 to March 10,2004). Bradner was a junior mining exploration company established in June of1983. It is quoted on the OTC Bulletin Board, Symbol BNVLF. Bradner(1)abandoned its business plan in July 2001 due to a market downturn in 2000.Bradner was unable to raise the necessary additional funds to continue with itsmineral exploration program. At that time a high tech deal was proposed by aclose personal friend of one of the directors. This transaction was neverconsummated. The board of directors of Bradner has maintained continuity overthe last ten years and considerable funds had been expended historically on itsexploration activities. Currently Bradner is in the process of reorganizing itsbusiness activities. Other than Bradner, all of the companies Mr.Schmitz hasbeen involved with have closely followed their stated business plans and arestill in operation and trading. Mr. Schmitz spent approximately 5-10% of histime on our affairs in this past year. Mr. Schmitz will devote up to 6 hours perweek of his time to our business and this will increase as future circumstancesmay require. 
**Ernest George Rogers, Director. Mr. Rogers has been the developmentdirector of Latebreaks.com Ltd., a leading UK Internet travel company. He hasbeen involved with Latebreaks.com Ltd., and its related companies since 1995,providing design, development, sales and marketing expertise. Mr. Rogers was thesales and marketing director for In-touch Interactive Information Systems Ltd.,a technology company, from 1989 to 1995 and was involved in the design of thesoftware and hardware to production, installation and maintenance of theproducts produced by this company. Mr. Rogers spent approximately 5-10% of histime on our affairs in this past year. Mr. Rogers will devote approximately5%-10% (3-6 hours per week) of his time to our business and this will increaseas future circumstances may require.
**Note:
Although Bradner currently does not have a viable mining project, it was not formed as a blank check company. Bradner operated as an active junior mining exploration company from its formation in June 1983 to July 2001 (18 years) and expended considerable funds historically on its exploration activities. Mr. Schmitz resigned from Bradner when he realized it would not be going forward with its new plans for business. Knightsbridge is not a blank check company as defined by Rule 419 of Regulation C under the rules of the 
 Securities Act of 1933
. Knightsbridge has a specific business plan to operate as a mineral exploration company, although it requires funding from this offering before it can implement this plan. We recognize Mr. Schmitz does not have professional or technical training credentials related to mineral exploration but he is very familiar and comfortable with junior mining exploration companies. As stated above, he is a director of three other active junior mining exploration companies which are currently listed on the TSX Venture Exchange. Knightsbridge has no intentions of merging with any other company or allowing itself to be acquired by another company, or to act as a blank check company as that term is defined under Rule 419 of Regulation C under the rules of the 
Securities Act of 1933
. Messrs. Schmitz and Rogers intend to grow Knightsbridge into a strong junior exploration company once it obtains the necessary financing under this proposed prospectus offering. 

Our officers and directors lack professional or technical trainingcredentials related to mineral exploration, mine development or mining.

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***Significant Employees

We have no employees who are not executive officers, but who are expected tomake a significant contribution to our business.
***Involvement in Certain LegalProceedings***
During the past five years, none of our directors or officers have been:
- a general partner or executive officer of any business against which any bankruptcy petition was filed, either at the time of the bankruptcy or two years prior to that time;    
- convicted in a criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);    
- subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or    
- found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.   
***Family Relationships***
Not Applicable.
***Conflicts of Interest***
Mr. Schmitz will be subject to conflicts of interest. The conflicts arisefrom his relationships with other public and even private corporations. In thefuture, Mr. Schmitz expects to continue to be involved in the mining businessesfor other entities and such involvement could create a conflict of interests.

Other Companies Mr. Schmitz is involved with could be presented with mineralexploration and development opportunities Knightsbridge is involved with.Knightsbridge may participate in the same properties with these companies. Jointventures in acquiring, exploring and mining natural resources are frequent inthe industry. Mr. Schmitz could also become aware of other mining or otherexploration opportunities which Knightsbridge may find of interest. This wouldforce Mr. Schmitz to determine which company to offer the project to and fromwhere to seek the appropriate funding. As a result there may be situations whichinvolve a conflict of interest. Mr. Schmitz has informed us he will attempt toavoid dealing with such other companies in such situations where conflicts mightarise and will also disclose all such conflicts and will govern himself inrespect thereof to the best of his abilities. In any event, Mr. Schmitz hasagreed to notify Knightsbridge and the other member(s) of the boards ofdirectors that may be involved, of the conflict of interest, and to abstain fromvoting on that subject matter.
***Audit Committee Financial Expert.***
Our Board of Directors has determined that we have at least one auditcommittee financial expert serving on our audit committee, namely Ron Schmitz.Mr. Schmitz would not be considered independent, as that term is used in Item7(d)(3)(iv) of Schedule 14A under the *Securities Exchange Act of 1934.*Under the applicable Securities and Exchange Commission standard, an auditcommittee financial expert means a person who has the following attributes: 
- An understanding of generally accepted accounting principles and financial statements; 
- The ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves; 
- Experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the registrant's financial statements, or experience actively supervising one or more persons engaged in such activities; 

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- An understanding of internal controls and procedures for financial reporting; and 
- An understanding of audit committee functions. 

Mr. Schmitz completed level 3 of the Certified General Accountant program of theCertified General Accountants Association of Canada in June, 1987. He hasprovided accounting services since that time to public and private companies.
**Item 10. ExecutiveCompensation.*****Summary of Compensation ofExecutive Officers***
The following table summarizes the compensation paid to our President andChief Executive Officer during the last three complete fiscal years. No otherofficer or director received annual compensation in excess of $100,000 since ourdate of incorporation.
**SUMMARY COMPENSATION TABLE**Name and Principal  Position****Year****Annual  Compensation****Long  Term Compensation****All Other  Compensation**  **Salary****Bonus****Other Annual  Compensation****Awards****Payouts**      **Securities Under  Options/ SARs Granted****Restricted Shares  or Restricted Share Units****LTIP Payouts** Ronald Schmitz(1)  President, CEO and Director2005
2004  2003Nil
Nil   NilNil
Nil   NilNil
Nil   NilNil
Nil   NilNil
Nil   NilNil
Nil   NilNil
Nil   Nil**Notes**:  
(1) Mr. Schmitz became a director and  officer of Knightsbridge on the date we were incorporated, October 23, 2002.***Stock Options/SAR Grants.***
Since incorporation on October 23, 2002, no grants of stock options or stockappreciation rights have been made to our named executive officers or any otherparties 
***Long-Term Incentive Plans.***
There are no arrangements or plans in which we provide pension, retirement orsimilar benefits for directors or executive officers, except that our directorsand executive officers may receive stock options at the discretion of our boardof directors. We do not have any material bonus or profit sharing plans pursuantto which cash or non-cash compensation is or may be paid to our directors orexecutive officers, except that stock options may be granted at the discretionof our board of directors.
***Compensation of Directors.***
Since incorporation on October 23, 2002, no cash compensation has been paidto our directors for their services as directors. We have no standardarrangement pursuant to which our directors are to be compensated for theirservices in their capacity as directors except for the granting from time totime of incentive stock options. The board of directors may award specialremuneration to any director undertaking any special services on behalf of ourcompany other than services ordinarily required of a director. Other thanindicated below, no director received and/or accrued any compensation for hisservices as a director, including committee participation and/or specialassignments.

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***Employment Contracts and Termination of Employment or Changeof Control.

We have no plans or arrangements in respect of remuneration received or thatmay be received by our executive officers to compensate such officers in theevent of termination of employment (as a result of resignation or retirement).
***Equity Compensation Plan.***
We do not have any securities authorized for issuance under any equitycompensation plans. 
**Item 11. SecurityOwnership of Certain Beneficial Owners and Management.
***Security Ownership of Certain Beneficial Owners andManagement.

The following table sets forth certain information as of March 23, 2006regarding the beneficial ownership of our common stock by (i) each stockholderknown by us to be the beneficial owner of more than 5% of our common stock, (ii)by each of our directors and executive officers and (iii) by all of ourexecutive officers and directors as a group. Each of thepersons named in the table has sole voting and investment power with respect tocommon stock beneficially owned.**Title of Class**Name and Address of Beneficial Owner**Amount and Nature of Beneficial Ownership(1)**Percentage of Class(1)
Common StockRon Schmitz(3)  Suite 810 - 609 Granville Street  Vancouver, British Columbia  V7Y 1G5
2,000,000  (Restricted securities as defined in the*Securities Act of 1933*)
18.18%
Common StockErnest Rogers(3)  91 Commercial Road  Poole, Dorset U.K.   BH14 0JD
8,000,000  (Restricted securities as defined in the*Securities Act of 1933*)
72.73%

 
Common StockYeun Mi Kim   126 - 14 Subu-ri  Kunwi-up, Kunwi-kun, Kyung-buk 716 800  South Korea
1,000,000  (Restricted securities as defined in the*Securities Act of 1933*)
9.09%
Common StockTotal Held by Officers and  Directors as a Group
10,000,000
90.9%**Notes:** (1)Based on 11,000,000  shares of common stock issued and outstanding as of March 31, 2006. Except as  otherwise indicated, we believe that the beneficial owners of the common stock  listed above, based on information furnished by such owners, have sole  investment and voting power with respect to such shares, subject to community  property laws where applicable. Beneficial ownership is determined in  accordance with the rules of the SEC and generally includes voting or  investment power with respect to securities. Shares of common stock subject to  options or warrants currently exercisable, or exercisable within 60 days, are  deemed outstanding for purposes of computing the percentage ownership of the  person holding such option or warrants, but are not deemed outstanding for  purposes of computing the percentage ownership of any other person.Changes in Control.
There are no present arrangements or pledges of Knightsbridge's securitieswhich may result in a change in control of Knightsbridge.

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**Item 12. Certain Relationships and Related Transactions.

On November 5, 2002, we issued a total of 2,000,000 shares of restrictedcommon stock to Mr. Ronald Schmitz and on November 21, 2002, we issued a totalof 8,000,000 shares of restricted common stock to Mr. Ernest Rogers, who areofficers and directors of our company. The shares were acquired for a total cashconsideration of $1,000 or $0.0001 per share.

Since our inception, Mr. Schmitz, advanced loans to us in the total sum of$45,256 as of December 31, 2005, which were used for organizational and start-upcosts and operating capital. The loans do not bear interest and have not beenpaid as of the date hereof. There are no documents reflecting the loan and theyare not due on a specific date. Mr. Schmitz will accept repayment from us whenmoney is available. We plan to repay the loan from the proceeds of this offeringprovided that we raise the maximum amount. 

On November 15, 2002, we entered into a trust agreement with Ronald Schmitz,President of Knightsbridge. Under the agreement Mr. Schmitz has agreed to act asTrustee to hold the Santos mineral claim number 516334 on behalf ofKnightsbridge until January 1, 2008 or Knightsbridge decides to either terminatethe agreement or transfer the interest in the Santos mineral claim to a Canadiansubsidiary to be formed. The trust allows Knightsbridge to investigate theproperty without the expense of additional mining office fees and the need toestablish a Canadian subsidiary at this early stage of our corporatedevelopment.

Mr. Schmitz is involved with several other mining exploration companies. As aresult a conflict of interest between Knightsbridge and one of these othercompanies may arise from time to time. We have not formulated a policy for theresolution of such conflicts at this time.
**PART IV****Item 13. Exhibits,Financial Statement Schedules, and Reports on Form 8-K.*****Exhibits.*
 ****Exhibit Number **Exhibit Title**   
3.1 Articles of Incorporation  (incorporated by reference from our Form SB-1 Registration Statement, filed  October 28, 2005)
3.2 Bylaws (incorporated by reference  from our Form SB-1 Registration Statement, filed October 28, 2005)
10.1 Bill of Sale Absolute - Santos  Mineral Claim (incorporated by reference from our Form  SB-1 Registration Statement, filed October 28, 2005)
10.2 Purchase Agreement to Acquire  Santos Mineral Claim (incorporated by reference from our  Form SB-1 Registration Statement, filed October 28, 2005)
10.3 Trust Agreement (incorporated by reference from our Form SB-1 Registration  Statement, filed October 28, 2005)
10.4 Amending Trust Agreement
31.1 Section 906 Certificate of CEO
31.2 
Section 906 Certificate of CFO

32 Section 302 Certificate of CEO***Reports of Form 8-K.***
None. 

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**Item 14. Principal Accountant Fees and Services.

During the fiscal years ended December 31, 2005 and December 31, 2004,Amisano Hanson provided various audit, audit related and non-audit services tous as follows: 
 
December 31,   2005
December 31,   2004  Audit and audit related service fees
$ 11,119
$ 5,942  Non-audit service fees
$ 0.00
$ 0.00 
$ 11,119
$ 5,942 **SIGNATURES**
Pursuant to the requirements of Section 13 or 15(d) of the SecuritiesExchange Act of 1934, the registrant has duly caused this report to be signed onits behalf by the undersigned, thereunto duly authorized.
** ****KNIGHTSBRIDGE  RESOURCES, INC.****KNIGHTSBRIDGE  RESOURCES, INC.** 
/s/ Ron Schmitz

  
 /s/ Ernest RogersRon Schmitz  President, CFO, Acting Chief Executive Officer, Treasurer, Director and  Principal Accounting Officer Ernest Rogers  Director                                                                             Date: March 31,  2006   Date: March 31,  2006
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