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FORM 10-KSB

SECURITIES AND EXCHANGE COMMISSIONWashington, D. C. 20549

[X]
     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIESEXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED OCTOBER 31, 2007OR[  ]
     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934


Commission file number000-52726THE IBERIAN GROUP INC.(Exact name of registrant as specified in its charter)

Delaware
     None(State or other jurisdiction of incorporation or
     (IRS Employer Identification No.)organization)


10-1917 West 4thAvenueVancouver, British ColumbiaCanada V6J 1M7(Address of principal executive offices, including zip code.)

(604) 947-6946(Registrant's telephone number, including area code)

The Company is a Shell company:YES [  ]    NO [X]

Securities registered pursuant to Section 12(b) of the Act:None

Securities registered pursuant to Section 12(g) of the Act:Common Stock, $0.001 par value

Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YES [X]    NO [  ]

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Check if no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is contained herein, and no disclosure will be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.

State issuer's revenues for its most fiscal year June 30, 2007: $0.00.

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of January 28, 2008: $0.00.

State the number of shares outstanding of each of the issuer's classes of common equity, as of January 28, 2008: 4,250,000 shares of common stock.

FORWARD LOOKING STATEMENT

We make forward-looking statements in this annual report on Form 10-KSB. Our forward-looking statements are subject to risks and uncertainties. You should note that many factors, some of which are described in this section or discussed elsewhere in this document, could affect our company in the future and could cause our results to differ materially from those expressed in our forward-looking statements. Forward-looking statements include those regarding our goals, beliefs, plans or current expectations and other statements regarding matters that are not historical facts. For example, when we use the words believe, expect, anticipate or similar expressions, we are making forward-looking statements. We are not required to release publicly the results of any revisions to these forward-looking statements we may make to reflect future events or circumstances.





















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|TABLE OF CONTENTS
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|Item 7.          
|Item 8.          
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|Item 8A.         
|Item 9.          
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|Item 11.         
|Item 12.         
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|Item 13.         
|Item 14.         





















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PART I

ITEM 1.     DESCRIPTION OF BUSINESS

General

We were incorporated in Delaware on August 20, 2004 to engage in the business of real estate investment consulting with respects to properties located in Andalusia region of southern Spain. We have not started operations. We have not generated revenues from operations, but must be considered a start-up business. Our statutory registered agent in Delaware is Harvard Business Services, Inc., 25 Greystone Manor, City of Lewes, County of Sussex, Delaware 19958. Our business office is located at10-1917 West4thAvenue, Vancouver, British Columbia, Canada V6J 1M7 and our telephone number is (604) 947-6946.

We have no plans to change our planned business activities or to combine with another business, and we are not aware of any events or circumstances that might cause these plans to change.

We have not started our operations and will not start operations until we are listed for trading on the Bulletin Board operated by the Federal Industry Regulatory Authority.

We have not conducted any market research into the likelihood of success of our operations.

Background

We intend to offer real estate consulting services to persons located in North America who are interested in investing in real estate located in the Andalusia region of southern Spain.

Services

We intend to cater to the newly located or inexperienced real estate investor who do not have a preexisting relationship with a real estate agent in Spain. We will assist the investor by locating qualified local experts in the Andalusia region who will assist with issues relating to the purchase of real property in the Andalusia region. For providing such service, we will be paid a fee by our customer.

The Process

The client will provide us with information. The information will include the area of Andelusia that the client desires to purchase property; the price range of the property being bought or sold; the type of property, commercial or residential; and, other conditions of the purchase and sale established by the client. The information will primarily be gathered via email, but telephone conversations and personal site visits will also be employed when necessary.

Once all the relevant information and preferences are gathered, the process of matching the client to a qualified Andalusia real estate agent. Personal interviews with the real estate agent will be coordinated by us.

In exchange for obtaining a qualified real estate agent, we will be paid a fee by the real estate agent for referring our client to him. The fee will be 25% to 50% of whatever commission the real estate agent receives on the transaction. We will have an executed blanket agreement with each real estate agent prior to introducing our client to the real estate agent.

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If a transaction is not consummated, no fee is due and payable.

Our website

Currently our website is under development. We have hired an outside technology provider to develop our website. The technology provider company we hire will provide the following services and products for the website: disk space, bandwidth, 155 mbit backbone, pop mailboxes, e-mail forwarding, e-mailing analysis, auto responder, front page support, unlimited FTP access and hotmetal/miva script. The foregoing will allow us to promote the use of our services in an attractive fashion, and communicate with our clients on-line.

Our website will become the virtual business card and portfolio for us as well as our online home. It will showcase the services we will supply and a portfolio of properties and the variety of advisory services that we will offer. Currently, we have no customers and there is no assurance we will ever have any customers.

The website will be a simple, well-designed site that is in keeping with the latest trends in user interface design. A site that is too flashy or tries to use too much of the latest Shockwave or Flash technology can be overdone and cause potential clients to look elsewhere. To those prospective clients that we are targeting, time is valuable and a website that takes too long to load or is difficult to navigate would not appeal to them.

Other than investigating potential technologies in support of our business purpose and the preparation of our plan of operations, we have had no material business operations since inception on August 20, 2004. At present, we have yet to acquire or develop the necessary technology assets in support of our business purpose to become an Internet-based real estate referral center.

The Internet is a worldwide medium of interconnected electronic and/or computer networks. Individuals and companies have recently recognized that the communication capabilities of the Internet provide a medium for not only the promotion and communication of ideas and concepts, but also for the presentation and sale of information, goods and services.

Procedure for Doing Business with Us

|1. | We will email, telephone or meet with the clients to get relevant questions answered relating to our advisory services.            
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|2. | We will disclose our fee and have the client execute a written contract with us.                                                   
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|3. | We will find between one and three real estate agents in Spain and introduce the real estate agent to the client for consideration.
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|4. | Upon completion or a real estate transaction we will collect our fee from the referred real estate agent.                          
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Marketing Strategy

We intend to execute agreements with real estate agents in Spain. At the same time we intend to promote our service to the public. We will charge a fee for our service. The fee we will be paid by the real estate agent we introduce.

We will offer direct advertising of our services on our website, by flyers and promotional material that we create for distribution by mailing and handouts at retail outlets.

Other methods of communication will include:

|- | Regular e-mailings to potential customers with updated company information and market changes   
|- | ------------------------------------------------------------------------------------------------
|- | Direct mail brochures and newsletters                                                           
|- | Publications - through newspapers and in the real estate section of local newspapers.           
|- | Community Newsletters                                                                           
|- | Informal marketing/networking activities such as joining organizations or attending conferences.
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|  | Customer-based marketing will include:                                                          
| 
|- | Emphasizing repeat sales to clients who have used our services                                  
|- | Additional sales facilitated by links to our website                                            
|- | Strategic partnerships such as cooperative advertising                                          

Website Marketing Strategy

Web marketing will start with our known contacts whom we will ask to recommend our site. We will continue the strategy with long-term efforts to develop recognition in professional forums. We intend to attract traffic to our website by a variety of online marketing tactics such as registering with top search engines using selected key words (meta tags) and utilizing link and banner exchange options.

Revenue.

Initially, we intend to generate revenue from one source:

|- | Fixed Fee - By charging a fixed fee of 25% to 50% of the Realtors commission on the purchase or
|- | ------------------------------------------------------------------------------------------------
|  | sale of a tract of real estate.                                                                 

We intend to develop and maintain a database of all our clients and real estate agents in order to continuously build and expand our services.

There is no assurance that we will be able to interest the public or real estate agents in participating in our services.

The website will be the primary tool used to launch the service and deal with the clients. Not only will it begin the process of assessing the clients needs, it will also allow the clients the opportunity to peruse properties available on the market, determine how much mortgage they qualify for and a variety of other services.



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Competition

We face intense competition from numerous established real estate agents which places us at a competitive disadvantage since they are more established within their network. Many of these real estate agents have been working the referral business among themselves for years and will be reluctant to change the procedure of doing business. Many of these competitors will have greater customer bases, operating histories, financial, technical, personnel and other resources than we do at this time. There can be no assurances we will be able to break into this industry offering a new type of referral service.

The real estate referral business as it exists now throughout Spain is highly competitive and is characterized by many individual real estate agents, large organized real estate companies and corporate relocation companies.

Companies compete for the referral business based on personal contacts, services offered, and reputation and in some cases, cost.

We do not currently have a competitive position in the Spanish real estate referral business. However, no such service, that we are aware of, has been successfully launched in the marketplace in Spain and it may very well fill an important niche such as it has done in the United States. We will have to develop our competitive position. It will be attempted primarily through the promotion and use of the web site. We will advertise in Spains real estate publications and contact and maintain ongoing communication with client base from previous relationships with our president.

Government Regulation

As we are operating in the Andalusia region of southern Spain, there are no laws which prohibit us from receiving a fee for placing a client with a real estate agent located in Spain.

We are not currently subject to direct federal, state, provincial, or local regulation other than regulations applicable to businesses generally or directly applicable to electronic commerce. However, the Internet is increasingly popular. As a result, it is possible that a number of laws and regulations may be adopted with respect to the Internet. These laws may cover issues such as user privacy, freedom of expression, pricing, content and quality of products and services, taxation, advertising, intellectual property rights and information security. Furthermore, the growth of electronic commerce may prompt calls for more stringent consumer protection laws. Several states have proposed legislation to limit the uses of personal user information gathered online or require online services to establish privacy policies. The Federal Trade Commission has also initiated action against at least one online service regarding the manner in which personal information is collected from users and provided to third parties. We will not provide personal information regarding our users to third parties. However, the adoption of such consumer protection laws could create uncertainty in Web usage and reduce the demand for our products.

We are not certain how business may be affected by the application of existing laws governing issues such as property ownership, copyrights, encryption and other intellectual property issues, taxation, libel, obscenity and export or import matters. The vast majority of such laws were adopted prior to the advent of the Internet. As a result, they do not contemplate or address the unique issues of the Internet and related technologies. Changes in laws intended to address such issues could create uncertainty in the Internet market place. Such uncertainty could reduce demand for services or increase the cost of doing business as a result of litigation costs or increased service delivery costs. In addition, because our services

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are available over the Internet in multiple states and foreign countries, other jurisdictions may claim that we are required to qualify to do business in each such state or foreign country. We are qualified to do business only in Delaware. Our failure to qualify in a jurisdiction where it is required to do so could subject it to taxes and penalties. It could also hamper our ability to enforce contracts in such jurisdictions. The application of laws or regulations from jurisdictions whose laws currently apply to our business could have a material adverse affect on our business, results of operations and financial condition.

Insurance

We do not maintain any insurance relating to our business or operations.

Employees

We are a start-up stage company and currently have no employees, other than our sole officer and director. We intend to hire additional employees on an as needed basis.

Risk Factors: You should consider the following risk factors before investing in our company.

1.Because our auditors have issued a going concern opinion, we have to raise additional capital in order to commence operations. If we do not raise additional capital, we will not start our operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we will be an ongoing business for the next twelve months. As of the date of the date of this annual report, we have not commenced operations. We have to raise additional capital in order to become operational. Because our officers and directors are unwilling to loan or advance any additional capital to us, except to prepare and file reports with the SEC, we will have to raise additional funds from unaffiliated third parties.

2.We lack an operating history and have losses that we expect to continue into the future. There is no assurance our future operations will result in profitable revenues. If we cannot generate sufficient revenues to operate profitably, we may suspend or cease operations.

We were incorporated on August 20, 2004 and we have not started our proposed business operations or realized any revenues. We have a limited operating history upon which an evaluation of our future success or failure can be made. Our net loss since inception is $99,897. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

|* | being listed for trading on the Bulletin Board                                                         
|- | -------------------------------------------------------------------------------------------------------
|* | raising additional capital                                                                             
|* | our ability to locate purveyors who will provide their services to our clients and to locate properties
|  | for resale to our clients                                                                              
|* | our ability to attract clients who will engage our services                                            
|* | our ability to generate revenues through the sale of our services                                      

Based upon current plans, we expect to incur operating losses in future periods because we will be incurring expenses and not generating revenues. We cannot guarantee that we will be successful in generating revenues in the future. Failure to generate revenues will cause us to suspend or cease operations.



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3.We do not have any clients and we cannot guarantee we will ever have any. Even if we obtain clients, there is no assurance that we will make a profit.

We do not have any clients. Even if we obtain clients, there is no guarantee that we will generate a profit. If we cannot generate a profit, we will have to suspend or cease operations.

4.We are solely dependent upon the funds to be raised in the future to start our business, the proceeds of which may be insufficient to achieve revenues. We may need to obtain additional financing which may not be available.

We have not started our business. We need the to raise funds in order to start our operations. We believe we need to raise a minimum of $180,000 to initiate operations.

5.Because we are small and do not have much capital, we must limit marketing of our services to potential known clients. As a result, we may not be able to attract enough clients to operate profitably. If we do not make a profit, we may have to suspend or cease operations.

Because we are small and do not have much capital, we must limit marketing of our services. We will initially generate revenues through the sale of services. Because we will be limiting our marketing activities, we may not be able to attract enough clients to operate profitably. If we cannot operate profitably, we may have to suspend or cease operations.

6.Our services are subject to seasonal fluctuations and as a result there may be periods when we suspend operations.

Seasonal fluctuations in the real estate market will adversely impact revenues and may impede future growth. Historically revenues in this area are strongest in the first and second quarters of the calendar year. Prolonged periods where there is a lack of revenue may cause cutbacks and create challenges for meaningful growth.

7.Because our sole officer and director will only be devoting limited time to our operations, our operations may be sporadic which may result in periodic interruptions or suspensions of operations. This activity could prevent us from attracting clients and result in a lack of revenues that may cause us to suspend or cease operations.

Our sole officer and director will only be devoting limited time to our operations. He will be devoting approximately 20 hours per week or 50% of his time to our operations. Because our sole officer and director will only be devoting limited time to our operations, our operations may be sporadic and occur at times which are convenient to our sole officer and director. As a result, operations may be periodically interrupted or suspended which could result in a lack of revenues and a possible cessation of operations.

8.Because we have only one officer and director who is responsible for our managerial and organizational structure, in the future, there may not be effective disclosure and accounting controls to comply with applicable laws and regulations which could result in fines, penalties and assessments against us.





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We have only one officer and director. He is responsible for our managerial and organizational structure which will include preparation of disclosure and accounting controls under the Sarbanes Oxley Act of 2002. When these controls are implemented, he will be responsible for the administration of the controls. Should he not have sufficient experience, he may be incapable of creating and implementing the controls which may cause us to be subject to sanctions and fines by the SEC which ultimately could cause you to lose your investment.

9.Because we do not maintain any insurance, if a judgment is rendered against us, we may have to cease operations.

We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party to a lawsuit, we may not have sufficient funds to defend the litigation. In the event that we do not defend the litigation or a judgment is rendered against us, we may have to cease operations.

10.If Thomas P. Hayward resigns or dies without having found additional qualified administrative personnel, our operations will be suspended or cease. If that should occur, you could lose your investment.

We have only one officer and director. We are entirely dependent upon him in order conduct our operations. Further, we do not have key man insurance. If he should resign or die, without having hired qualified administrative personnel, we will suspend or cease operating entirely. In that event it is possible you could lose your entire investment.

11.Because there is no public trading market for our common stock, you may not be able to resell your stock.

There is currently no public trading market for our common stock. Therefore there is no central place, such as stock exchange or electronic trading system, to resell your shares. If you do want to resell your shares, you will have to locate a buyer and negotiate your own sale.

12.Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that you may have difficulty reselling your shares and this may cause the price of the shares to decline.

Our shares would be classified as penny stocks and are covered by Section 15(g) of the Securities Exchange Act of 1934 and the rules promulgated thereunder which impose additional sales practice requirements on brokers/dealers who sell our securities in this offering or in the aftermarket. For sales of our securities, the broker/dealer must make a special suitability determination and receive from you a written agreement prior to making a sale for you. Because of the imposition of the foregoing additional sales practices, it is possible that brokers will not want to make a market in our shares. This could prevent you from reselling your shares and may cause the price of the shares to decline.

ITEM 2.     DESCRIPTION OF PROPERTY

We do not own any property.





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We lease office facilities at 10-1917 West 4thAvenue, Vancouver, British Columbia, Canada, from Mr. Hayward, our president on a month to month basis. Our monthly rental, donated by Mr. Hayward, is $200. Our telephone number is (604) 947-6946.

We also lease office facilities at 95 Wilton Road, Suite 3, London, United Kingdom SW1V 1BZ from Mr. Hayward on a month to month basis. Our monthly rental, donated by Mr. Hayward, is $200. Our telephone number is 44 (845) 867-5925.

ITEM 3.     LEGAL PROCEEDINGS

Neither we nor our sole officer and director are parties to any pending legal action and no legal action has been threatened against us or our sole officer and director.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the fourth quarter, there were no matters submitted to a vote of our shareholders.

PART II

ITEM 5.     MARKET FOR COMMON STOCK AND RELATED STOCKHOLDER MATTERS

There is no public trading market for our common stock. There are no outstanding options or warrants to purchase, or securities convertible into, our common stock.

Dividends

We have not declared any cash dividends, nor do we intend to do so. We are not subject to any legal restrictions respecting the payment of dividends, except that they may not be paid to render us insolvent. Dividend policy will be based on our cash resources and needs and it is anticipated that all available cash will be needed for our operations in the foreseeable future.

Section 15(g) of the Securities Exchange Act of 1934

Our companys shares are covered by Section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchasers written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as bid and offer quotes, a dealers spread and broker/dealer compensation; the broker/dealer compensation, the broker/dealers duties to its

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customers, including the disclosures required by any other penny stock disclosure rules; the customers rights and remedies in causes of fraud in penny stock transactions; and, the FINRAs toll free telephone number and the central number of the North American Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.

Securities authorized for issuance under equity compensation plans

We have no equity compensation plans.

ITEM 6.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

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

We are a developmental stage company that has only recently begun our business operations. We have not generated any revenues from our intended business activities, and we do not expect to generate revenues until 2008.

We received our initial funding of $4,250 through the sale of common stock to our officer and director who purchased 1,000,000 shares of our common stock at $0.001 per share on August 20, 2004 and from 35 shareholders of the company who purchased 3,250,000 shares of common stock at $0.001 per share between August 22, 2004 and January 14, 2005

We are a real estate consulting company and we intend to generate revenue by being instrumental in the sales of development properties situated in Andalusia Spain.

We intend to become a full reporting company listed on the OTC Bulletin Board. Once we have achieved this status we will focus upon equity financing to raise necessary working capital. There is no assurance that additional financing will be available or if available, on terms that will be acceptable to the company.

We have incurred losses since inception resulting in a net accumulated deficit of $99,897 at October 31, 2007.

A significant component of our business strategy is the establishment and promotion of the Iberian Group brand in association with exclusive developer real estate products. If we do not establish a strong brand identity we may fail to build a client base or achieve significant revenues.

Promoting the Iberian Group brand will depend largely on the success of our marketing efforts and our ability to provide a consistent, positive client experience. To promote our brand we expect to incur substantial expense related to advertising and other marketing efforts. We expect that developing a good reputation will be key to our success in developing a recognizable and trusted brand, which we believe can be achieved by providing a positive client experience. In order to provide a positive client experience, we expect to invest substantial sums in our marketing, sales fulfillment operations and client service operations.

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Our ability to provide a positive client experience is also dependent on external factors over which we may have little or no control. Our failure to provide our clients with positive experiences for any reason could substantially harm our reputation and prevent us from developing The Iberian Group as a trusted brand. The failure of our brand promotion activities could adversely affect our ability to attract new clients and maintain client relationships and, as a result, substantially harm our business and results of operations.

Our sole officer and director has conflicts of interest in that he has other time commitments that will prevent him from devoting full-time to our operations, which may affect our operations. Because our sole officer and director, who is responsible for all our business activities, does not devote his full working time to operation and management of us, the implementation of our business plan may be impeded. Our sole officer and director has other obligations and time commitments, which will slow our operations and may reduce our financial results and as a result, may not be able to continue with our operations. Additionally, if and when our President becomes unable to handle the daily operations on his own, we may not be able to hire additional qualified personnel to augment our team or if needs be to replace him in a timely manner. If this event should occur, we may not be able to reach profitability. Every effort will be made to recruit exemplary additions to the Iberian Group team as funds become available.

We have incurred losses since inception resulting in a net accumulated deficit of $99,897 on October 31, 2007. Our auditors have issued a going concern opinion. This means that there is a substantial doubt regarding our ability to continue as a going concern.

Milestones

The following are our milestones for the next twelve months:

| | 1. | Internet Presence, Advertising and Product Promotion - Maximum cost of $80,000. Time involved: 180 days.          
| | -- | ------------------------------------------------------------------------------------------------------------------
| |   
| | 2. | Administration establishment - Maximum cost of $30,000. Time involved: Initially 90 days and thence ongoing.      
| |   
| | 3. | Recruitment and staffing - Maximum cost of $70,000. Time involved: Initially 60 days and thence ongoing as needed.
| |   

Currently, we do not have the funds necessary to complete our milestones or operated for the next twelve months. We intend to obtain the necessary funds by the sale of equity securities or through loans.

Limited Operating History; Need for Additional Capital

There is a limited historical financial information about us upon which to base an evaluation of our performance. We are a start-up corporation and have not generated any revenues from activities. We cannot guarantee we will be successful in our business activities. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we will be seeking equity financing or loans to provide for the capital required to implement our operations.



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We have no assurance that future financing will be available to us on acceptable terms. If financingis not available on satisfactory terms, we may be unable to continue, develop or expand our activities. Equity financing could result in additional dilution to existing shareholders.

Results of Activities

We have not generated any revenues to date. Our accumulated deficit since inception is $99,897.

We continue to seek additional funding to finance new activities, most likely from equity financing. The completion of such a transaction depends on our ability to find suitable investors. Our sole officer and director has agreed to provide funding to us through December 2008.

Liquidity and Capital Resources

As of the date of this report, we have yet to generate any revenues from our business activities.

PART IIIITEM 7.
     FINANCIAL STATEMENTS.The Iberian Group Inc.(An Exploration Stage Company)Financial StatementsOctober 31, 2007IndexREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
     F-1FINANCIAL STATEMENTSBalance Sheets
     F-2Statements of Operations
     F-3Statement of Stockholders Deficit
     F-4Statements of Cash Flows
     F-5NOTES TO THE FINANCIAL STATEMENTS
     F-6
















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Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders ofThe Iberian Group Inc. (A Development Stage Company)

We have audited the accompanying balance sheets of The Iberian Group Inc. (A Development Stage Company) as of October 31, 2007 and 2006 and the related statements of operations, cash flows and stockholders' deficit for the years then ended and accumulated from August 30, 2004 (Date of Inception) to October 31, 2007. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The Iberian Group Inc. (A Development Stage Company) as of October 31, 2007 and 2006 and the results of its operations and its cash flows for the years then ended and accumulated from August 30, 2004 (Date of Inception) to October 31, 2007, in conformity with accounting principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has not generated any revenue, has a working capital deficit and has incurred significant operating losses since inception. These factors raise substantial doubt about the Companys ability to continue as a going concern. Managements plans in regard to these matters are also discussed in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ MANNING ELLIOTT LLP

CHARTERED ACCOUNTANTS

Vancouver, Canada

January 15, 2008



F-1



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The Iberian Group Inc.(A Development Stage Company)Balance Sheets(Expressed in U.S. dollars)October 31,
     
     October 31,2007
     
     2006$
     
     $ASSETSCash
     29,445
     
     259Total Assets
     29,445
     
     259LIABILITIES AND STOCKHOLDERS DEFICITCurrent LiabilitiesAccounts payable
     3,086
     
     552Accrued liabilities (Note 3(b))
     3,718
     
     Due to related party (Note 3(b))
     91,088
     
     23,777Total Liabilities
     97,892
     
     24,329Contingencies (Note 1)Stockholders DeficitCommon Stock: 100,000,000 shares authorized, $0.0001 par value4,250,000 shares issued and outstanding
     425
     
     425Additional Paid-in Capital
     3,825
     
     3,825Donated Capital (Note 3(a))
     27,200
     
     16,400Deficit Accumulated During the Development Stage
     (99,897
     )
     (44,720
     )Total Stockholders Deficit
     (68,447
     )
     (24,070
     )Total Liabilities and Stockholders Deficit
     29,445
     
     259












(The accompanying notes are an integral part of these financial statements)F-2

-16-

---

The Iberian Group Inc.(A Development Stage Company)Statements of Operations(Expressed in U.S. dollars)Accumulated from
     
     For the
     
     For theAugust 20, 2004
     
     Year
     
     Year(Date of Inception)
     
     ended
     
     endedto October 31,
     
     October 31,
     
     October 31,2007
     
     2007
     
     2006$
     
     $
     
     $Revenue
     
     
     
     
     Operating ExpensesGeneral and administrative (Note 3(a))
     97,345
     
     52,625
     
     25,590Total Operating Expenses
     97,345
     
     52,625
     
     25,590Net Loss from Operations
     (97,345
     )
     (52,625
     )
     (25,590
     )Other ExpenseInterest expense (Note 3(b))
     (2,552
     )
     (2,552
     )
     Net Loss
     (99,897
     )
     (55,177
     )
     (25,590
     )Net Loss Per Share  Basic and Diluted
     
     
     (0.01
     )
     (0.01
     )Weighted Average Shares Outstanding
     
     
     4,250,000
     
     4,250,000
















(The accompanying notes are an integral part of these financial statements) 
F-3

-17-

---

The Iberian Group Inc.(A Development Stage Company)Statements of Cash Flows(Expressed in U.S. dollars)Accumulated from
     
     For the
     
     For theAugust 20, 2004
     
     Year
     
     Year(Date of Inception)
     
     ended
     
     endedto October 31,
     
     October 31,
     
     October 31,2007
     
     2007
     
     2006$
     
     $
     
     $Operating ActivitiesNet loss
     (99,897
     )
     (55,177
     )
     (25,590
     )Adjustment to reconcile net loss to net cash used inoperating activities:Donated expenses
     27,200
     
     10,800
     
     10,800Changes in operating assets and liabilities:Accounts payable
     3,086
     
     2,534
     
     552Accrued liabilities
     3,718
     
     3,718
     
     Due to related party
     19,928
     
     (3,849
     )
     12,638Net Cash Used in Operating Activities
     (45,965
     )
     (41,974
     )
     (1,600
     )Financing ActivitiesAdvances from a related party
     71,160
     
     71,160
     
     Proceeds from issuance of common stock
     4,250
     
     
     
     Net Cash Provided by Financing Activities
     75,410
     
     71,160
     
     Increase (Decrease) in Cash
     29,445
     
     29,186
     
     (1,600
     )Cash  Beginning of Period
     
     
     259
     
     1,859Cash  End of Period
     29,445
     
     29,445
     
     259Supplemental DisclosuresInterest paid
     
     
     
     
     Income taxes paid
     
     
     
     
     








(The accompanying notes are an integral part of these financial statements.) 
F-4

-18-

---

The Iberian Group Inc.(A Development Stage Company)Statement of Stockholders DeficitFor the Period from August 20, 2004 (Date of Inception) to October 31, 2007(Expressed in U.S. dollars)DeficitAccumulatedAdditional
     Stock
     
     
     During thePaid-in
     Subscriptions
     
     Donated
     DevelopmentShares
     Amount
     Capital
     Receivable
     
     Capital
     Stage
     
     Total#
     $
     $
     $
     
     $
     $
     
     $Balance  August 20, 2004 (Dateof Inception)
     
     
     
     
     
     
     
     
     Common stock issued for cash at$0.001 per share
     2,500,000
     250
     2,250
     (2,500
     )
     
     
     
     Donated expenses
     
     
     
     
     
     800
     
     
     800Net loss for the period
     
     
     
     
     
     
     (3,691
     )
     (3,691
     )Balance  October 31, 2004
     2,500,000
     250
     2,250
     (2,500
     )
     800
     (3,691
     )
     (2,891
     )Common stock issued for cash at$0.001 per share
     1,750,000
     175
     1,575
     2,500
     
     
     
     
     4,250Donated expenses
     
     
     
     
     
     4,800
     
     
     4,800Net loss for the year
     
     
     
     
     
     
     (15,439
     )
     (15,439
     )Balance  October 31, 2005
     4,250,000
     425
     3,825
     
     
     5,600
     (19,130
     )
     (9,280
     )Donated expenses
     
     
     
     
     
     10,800
     
     
     10,800Net loss for the year
     
     
     
     
     
     
     (25,590
     )
     (25,590
     )Balance  October 31, 2006
     4,250,000
     425
     3,825
     
     
     16,400
     (44,720
     )
     (24,070
     )Donated expenses
     
     
     
     
     
     10,800
     
     
     10,800Net loss for the year
     
     
     
     
     
     
     (55,177
     )
     (55,177
     )Balance  October 31, 2007
     4,250,000
     425
     3,825
     
     
     27,200
     (99,897
     )
     (68,447
     )








(The accompanying notes are an integral part of these financial statements) 
F-5

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The Iberian Group Inc.(A Development Stage Company)Notes to the Financial StatementsOctober 31, 2007(Expressed in U.S. dollars)

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Nature of Operations and Continuance of Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   | The Iberian Group Inc. (the "Company") was incorporated in the State of Delaware on August 20, 2004. The Company is a Development Stage Company, as defined by Statement of Financial Accounting Standard (SFAS) No. 7 Accounting and Reporting by Development Stage Enterprises. The Company offers investment real estate consulting services. These consulting services are designed to provide guidance in real estate transactions for North American buyers and others wishing to invest in exclusive foreign real estate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   | These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenue since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at October 31, 2007, the Company has a working capital deficiency of $68,447 and has accumulated losses of $99,897 since inception. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
|  
|   | Management estimates the Company will require approximately $180,000 for initial operational costs. The Company had $29,445 in cash on hand at October 31, 2007. The Company currently has no revenue and must rely on the sale of equity securities and advances from related parties to fund operations. The Company will require additional funding from the sale of equity or debt financing to meet future estimated expenditures over the next twelve months. The Company does not have any arrangements in place for any future equity or debt financings, and there is no assurance that the Company will be able to obtain the necessary financings to complete its objectives.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|  
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|  

F-6

-20-

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The Iberian Group Inc.(A Development Stage Company)Notes to the Financial StatementsOctober 31, 2007(Expressed in U.S. dollars)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | c)                                                    
|  
|   |                                                       
|  
|   | d)                                                    
|  
|   |                                                       
|  
|   | e)                                                    
|  
|   |                                                       
|  
|   | f)                                                    
|  
|   |                                                       
|  
|   | g)                                                    
|  
|   |                                                       
|  
|   | h)                                                    
|  
|   |                                                       
|  

F-7

-21-

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The Iberian Group Inc.(A Development Stage Company)Notes to the Financial StatementsOctober 31, 2007(Expressed in U.S. dollars)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | i)                                                    
|  
|   |                                                       
|  
|   |                                                       
|  
|   |                                                       
|  
|   |                                                       
|  

F-8

-22-

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The Iberian Group Inc.(A Development Stage Company)Notes to the Financial StatementsOctober 31, 2007(Expressed in U.S. dollars)

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | i)                                                    
|   |                                                       
|
|
|
|
|  
|   |                                                       
|
|
|
|
|  
|   |                                                       
|  
|3. | Related Party Transactions                            
|  
|   | a)                                                    
|  
|   | b)                                                    
|  

F-9

-23-

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The Iberian Group Inc.(A Development Stage Company)Notes to the Financial StatementsOctober 31, 2007(Expressed in U.S. dollars)

4.   Income Taxes

The Company has incurred net operating losses as scheduled below:

Year of
     
     
     Year ofLoss
     
     Amount
     Expiration2004
     $
     2,891
     20242005
     
     10,639
     20252006
     
     14,790
     20262007
     
     44,377
     2027$
     72,697


The reconciliation of income tax attributable to continuing operations computed at the statutory tax rate of 35% to income tax expense is:

2007
     
     2006$
     
     $Income tax benefit computed at statutory rates
     19,312
     
     8,957Donated expenses
     (3,780
     )
     (3,780
     )Change in valuation allowance
     (15,532
     )
     (5,177
     )Provision for income taxes
     
     
     


The significant components of the Companys deferred tax assets and liabilities, after applying enacted corporate income tax rates, are as follows:

2007
     
     2006$
     
     $Deferred income tax assetsNet operating losses carried forward
     25,444
     
     9,912Valuation allowance
     (25,444
     )
     (9,912
     )Net deferred income tax asset
     
     
     




F-10

-24-

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ITEM 8.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 8A.  CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures- Our Principal Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report, have concluded that, based on the evaluation of these controls and procedures, that our disclosure controls and procedures were effective.

ITEM 9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

Officers and Directors

Each of our directors serves until his or her successor is elected and qualified. Each of our officers is elected by the board of directors to a term of one (1) year and serves until his or her successor is duly elected and qualified, or until he or she is removed from office. The board of directors has no nominating or compensation committees. It does have audit and disclosure committees.

Background of officers and directors

The following table sets forth the name, age and position of each of our sole officer and director:

Name
     Age
     PositionThomas P. Hayward
     58
     president, principal executive officer,secretary, treasurer principal financial officer,principal accounting officer, and sole director


Thomas P. Haywardhas been our president, principal executive officer, secretary, treasurer, principal financial officer, principal accounting officer and sole member of our board of directors since inception on August 20, 2004. From January 2002 to September 2005, Mr. Hayward was a director of the Montpellier Group located at Unit #103, 111 West Broadway, Vancouver, BC. The Montpellier Group was engaged in the business of consulting and business coaching. He was active as a director in addition to providing some consulting services to clients. From January 2001 to July 2002, Mr. Hayward was a director and treasurer of Viral Genetics, Inc. located at 1321 Mountain View Circle, Azusa, CA 91702. Viral Genetics, Inc. is engaged in the business of medical research into prevention or alleviation of HIV and AIDS related ilnesses. He was responsible for directorship and treasurer duties. From April 1998 to January 2001, Mr. Hayward was president of 5 Starliving Online, Inc. 5 Starliving Online, Inc. was located at 301 West 1st Avenue, Vancouver, BC. The company was engaged in the business of showcasing and marketing of exclusive goods and services to wealthy international consumers via a family of internet portals. He was CEO responsible for the general day to day operations of the company. From September 1997 to December 1998, Mr. Hayward was investor

-25-

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relations counsel to Europa Resources, Inc. located at 200 Granville Street Vancouver, BC. Europa Resources, Inc. was engaged in the business of developing industrial resources in the Ukraine. He assisted in obtaining a greater public awareness of the company and its activities. From March 1994 to September 1997, Mr. Hayward was investor relations counsel to Datotech Systems, Inc. located at 625 Seymour Street, Vancouver BC. Datotech Systems, Inc. was engaged in the business of developing software to operate hand held computer peripherals. He was responsible for creating greater public awareness of the company and its research.

Audit Committee and Charter

We have a separately-designated audit committee of the board. Audit committee functions are performed by our board of directors. None of our directors are deemed independent. All directors also hold positions as our officers. Our audit committee is responsible for: (1) selection and oversight of our independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditory and any outside advisors engagement by the audit committee. A copy of our audit committee charter is filed as an exhibit to this registration statement.

Audit Committee Financial Expert

None of our directors or officers have the qualifications or experience to be considered a financial expert. We believe the cost related to retaining a financial expert at this time is prohibitive. Further, because of our limited operations, we believe the services of a financial expert are not warranted.

Code of Ethics

We have adopted a corporate code of ethics. We believe our code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code. A copy of the code of ethics is attached to this registration statement.

Disclosure Committee and Charter

We have a disclosure committee and disclosure committee charter. Our disclosure committee is comprised of all of our officers and directors. The purpose of the committee is to provide assistance to the Chief Executive Officer and the Chief Financial Officer in fulfilling their responsibilities regarding the identification and disclosure of material information about us and the accuracy, completeness and timeliness of our financial reports. A copy of the code of the disclosure committee charter is attached to this registration statement.

Section 16(a) of the Securities Exchange Act of 1934

As of the date of this report, we are current with respect to all reports filed pursuant to section 16(a) of the Securities Exchange Act of 1934.

-26-

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ITEM 10.     EXECUTIVE COMPENSATION

The following table sets forth information with respect to compensation paid by us to our officers during the last three completed fiscal years. Our fiscal year end is October 31.

Summary Compensation Table(a)
     (b)
     (c)
     (d)
     (e)
     (f)
     (g)
     (h)
     (i)
     (j)Change inPensionValue &Nonqual-Non-Equity
     ifiedIncentive
     Deferred
     AllPlan
     Compen-
     OtherStock
     Option
     Compen-
     sation
     Compen-Name and Principal
     
     Salary
     Bonus
     Awards
     Awards
     sation
     Earnings
     sation
     TotalsPosition [1]
     Year
     ($)
     ($)
     ($)
     ($)
     (S)
     ($)
     ($)
     ($)Thomas P. Hayward
     2007
     8,000
     0
     0
     0
     0
     0
     0
     8,000President, Treasurer,
     2006
     0
     0
     0
     0
     0
     0
     0
     0and Secretary
     2005
     2,140
     0
     0
     0
     0
     0
     0
     2,140


Paul Hayward was paid compensation of $2,140 for the year ending October 31, 2005.

All of the compensation paid to our officers has been disclosed.

The following table sets forth information with respect to compensation paid by us to our directors during the last completed fiscal year ended October 31, 2007

Director Compensation Table(a)
     (b)
     (c)
     (d)
     (e)
     (f)
     (g)
     (h)Change inPensionFees
     
     
     
     Value andEarned
     
     
     Non-Equity
     Nonqualified
     Allor
     
     
     Incentive
     Deferred
     OtherPaid in
     Stock
     Option
     Plan
     Compensation
     Compen-Cash
     Awards
     Awards
     Compensation
     Earnings
     sation
     TotalName
     ($)
     ($)
     ($)
     ($)
     ($)
     ($)
     ($)Thomas P. Hayward
     0
     0
     0
     0
     0
     0
     0


All compensation received by the officers and directors has been disclosed.

There are no stock option, retirement, pension, or profit sharing plans for the benefit of our officers and directors.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans.

-27-

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Compensation of Directors

We do not have any plans to pay directors any compensation in 2008.

Employment Contracts

We have no employment agreements with any of our officers. We do not contemplate entering into any employment agreements until such time as we begin profitable operations.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance.

ITEM 11.     SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth, as of the date of this report, the total number of shares owned beneficially by each of our directors, officers and key employees, individually and as a group, and the present owners of 5% or more of our total outstanding shares. The stockholders listed below have direct ownership of his/her shares and possess sole voting and dispositive power with respect to the shares. The address for each person is our address at 10-1917 West 4thAvenue, Vancouver, British Columbia V6J 1M7.

Amount andName of
     
     Nature of
     Percent ofTitle of Class
     Beneficial Owner
     Position with Company
     Ownership
     ClassCommon Stock
     Thomas P. Hayward [1]
     president, principal executive
     1,000,000
     23.53
     %officer, secretary, treasurer,principal financial officer,principal accounting officer,and sole directorAll current officers and directors as a group(1 person)
     
     
     1,000,000
     23.53
     %Common Stock
     Dona Loui
     
     500,000
     11.76
     %10-1917 West 4thAvenue
     
     DirectVancouver, British ColumbiaCanada


[1]  The person named above is our only promoter.

ITEM 12.     INTEREST OF MANAGEMENT AND OTHER IN CERTAIN TRANSACTIONS

In August 2004, we issued 1,000,000 shares of common stock to Thomas P. Hayward in consideration of $1,000.00. This was accounted for as a purchase of stock.



-28-

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We lease office facilities at 10-1917 West 4thAvenue, Vancouver, British Columbia, Canada, from Mr. Hayward, our president on a month to month basis. Our monthly rental, donated by Mr. Hayward, is $200. Our telephone number is (604) 947-6946.

We also lease office facilities at 95 Wilton Road, Suite 3, London, United Kingdom SW1V 1BZ from Mr. Hayward on a month to month basis. Our monthly rental, donated by Mr. Hayward, is $200. Our telephone number is 44 (845) 867-5925.

PART IV.

ITEM 13.     EXHIBITS

The following is a complete list of exhibits filed as part of this annual report:

|        |                                                       | Incorporated by reference |        
|------- | ----------------------------------------------------- | ------------------------- | -------
|Exhibit |                                                       |                           |        
|Number  | Document Description                                  | Form                      | Date   
|3.1     | Articles of Incorporation.                            | 10-SB                     | 7/12/07
|3.2     | Bylaws.                                               | 10-SB                     | 7/12/07
|4.1     | Specimen Stock Certificate.                           | 10-SB                     | 7/12/07
|14.1    | Code of Ethics.                                       | 10-SB                     | 7/12/07
|31.1    | Certification of Principal Executive Officer and      |                           |        
|        | Principal Financial Officer pursuant to 15d-15(e),    |                           |        
|        | promulgated under the Securities and Exchange Act of  |                           |        
|        | 1934, as amended.                                     |                           |        
|32.1    | Certification pursuant to 18 U.S.C. Section 1350, as  |                           |        
|        | adopted pursuant to Section 906 of the Sarbanes-Oxley |                           |        
|        | Act of 2002 (Chief Executive Office and Chief         |                           |        
|        | Financial Officer).                                   |                           |        
|99.1    | Audit Committee Charter.                              | 10-SB                     | 7/12/07
|99.2    | Disclosure Committee Charter.                         | 10-SB                     | 7/12/07

ITEM 14.     PRINCIPAL ACCOUNTING FEES AND SERVICES

(1)  Audit Fees

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for our audit of annual financial statements and review of financial statements included in our Form 10-QSBs or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years was:

2007
     $
     10,250
     
     Manning Elliott LLP2006
     $
     nil
     
     Manning Elliott LLP






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(2)  Audit-Related Fees

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountants that are reasonably related to the performance of the audit or review of our financial statements and are not reported in the preceding paragraph:

2007
     $
     nil
     
     Manning Elliott LLP2006
     $
     nil
     
     Manning Elliott LLP


(3)  Tax Fees

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning was:

2007
     $
     nil
     
     Manning Elliott LLP2006
     $
     nil
     
     Manning Elliott LLP


(4)  All Other Fees

The aggregate fees billed in each of the last two fiscal years for the products and services provided by the principal accountant, other than the services reported in paragraphs (1), (2), and (3) was:

2007
     $
     nil
     
     Manning Elliott LLP2006
     $
     nil
     
     Manning Elliott LLP


(5)  Our audit committees pre-approval policies and procedures described in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X were that the audit committee pre-approve all accounting related activities prior to the performance of any services by any accountant or auditor.

(6)  The percentage of hours expended on the principal accountants engagement to audit our financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountants full time, permanent employees was 0%.











-30-

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SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereto duly authorized on this 11thday of February, 2008.

THE IBERIAN GROUP INC.BY:THOMAS P. HAYWARDThomas P. HaywardPresident, Principal Executive Officer, PrincipalFinancial Officer, Principal Accounting Officer,Secretary, Treasurer, and sole Director.

































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EXHIBIT INDEX

The following is a complete list of exhibits filed as part of this annual report:

Incorporated by referenceExhibit
     
     
     
     
     FiledNumber
     Document Description
     Form
     Date
     Number
     herewith3.1
     Articles of Incorporation.
     10-SB
     7/12/07
     3.13.2
     Bylaws.
     10-SB
     7/12/07
     3.24.1
     Specimen Stock Certificate.
     10-SB
     7/12/07
     4.114.1
     Code of Ethics.
     10-SB
     7/12/07
     14.131.1
     Certification of Principal Executive Officer and
     
     
     
     XPrincipal Financial Officer pursuant to 15d-15(e),promulgated under the Securities and Exchange Act of1934, as amended.32.1
     Certification pursuant to 18 U.S.C. Section 1350, as
     
     
     
     Xadopted pursuant to Section 906 of the Sarbanes-OxleyAct of 2002 (Chief Executive Office and ChiefFinancial Officer).99.1
     Audit Committee Charter.
     10-SB
     7/12/07
     99.199.2
     Disclosure Committee Charter.
     10-SB
     7/12/07
     99.2


























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