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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549

FORM 10-QSB

[X]
     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934FOR THE QUARTERLY PERIOD ENDED JULY 31, 2007OR[   ]
     Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from to


Commission File Number 000-52726THE IBERIAN GROUP INC.(Exact name of registrant as specified in its charter)

DELAWARE
     NONE(State of other jurisdiction of incorporation or organization)
     (IRS Employer Identification Number)


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

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X]     No [   ]

The registrant is a Shell corporation. YES [   ]     NO [X]

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PART I. FINANCIAL INFORMATION

ITEM 1.Financial Statements

The Iberian Group Inc.(A Development Stage Company)July 31, 2007



IndexBalance Sheets
     F-1Statements of Operations
     F-2Statements of Cash Flows
     F-3Notes to the Financial Statements
     F-4






























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The Iberian Group Inc.(A Development Stage Company)Balance Sheets(Expressed in U.S. dollars)July 31,
     
     October 31,2007
     
     2006$
     
     $(unaudited)ASSETSCash
     42,113
     
     259Prepaid expenses (Note 4)
     10,000
     
     -Total Assets
     52,113
     
     259LIABILITIES AND STOCKHOLDERS DEFICITCurrent LiabilitiesAccounts payable
     5,422
     
     552Accrued liabilities
     1,655
     
     -Loan payable to a related party
     71,160
     
     -Due to related party (Note 3(b))
     11,928
     
     23,777Total Liabilities
     90,165
     
     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))
     24,500
     
     16,400Deficit Accumulated During the Development Stage
     (66,802
     )
     (44,720
     )Total Stockholders Deficit
     (38,052
     )
     (24,070
     )Total Liabilities and Stockholders Deficit
     52,113
     
     259










(The accompanying notes are an integral part of these financial statements)F-1



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The Iberian Group Inc.(A Development Stage Company)Statements of Operations(Expressed in U.S. dollars)(Unaudited)Accumulatedfrom
     
     For the
     
     For the
     
     For the
     
     For theAugust 20, 2004
     
     Three
     
     Three
     
     Nine
     
     Nine(Date of
     
     Months
     
     Months
     
     Months
     
     MonthsInception)
     
     ended
     
     ended
     
     ended
     
     endedto July 31,
     
     July 31,
     
     July 31,
     
     July 31,
     
     July 31,2007
     
     2007
     
     2006
     
     2007
     
     2006$
     
     $
     
     $
     
     $
     
     $Revenue
     -
     
     -
     
     -
     
     -
     
     -ExpensesGeneral and administrative
     53,997
     
     2,971
     
     2,745
     
     9,277
     
     8,805Professional fees
     11,150
     
     11,150
     
     -
     
     11,150
     
     -Total Operating Expenses
     65,147
     
     14,121
     
     2,745
     
     20,427
     
     8,805Net Loss from Operations
     (65,147
     )
     (14,121
     )
     (2,745
     )
     (20,427
     )
     (8,805
     )Other ExpenseInterest Expense
     1,655
     
     685
     
     -
     
     1,655
     
     -Net Loss
     (66,802
     )
     (14,806
     )
     (2,745
     )
     (22,082
     )
     (8,805
     )Net Loss Per Share - Basic and Diluted
     
     
     -
     
     -
     
     (0.01
     )
     -Weighted Average Shares Outstanding
     
     
     4,250,000
     
     4,250,000 4,250,000
     
     4,250,000














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



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The Iberian Group Inc.(A Development Stage Company)Statement of Cash Flows(Expressed in U.S. dollars)(Unaudited)Accumulated from
     
     For the
     
     For theAugust 20, 2004
     
     Nine
     
     Nine(Date of Inception)
     
     Months ended
     
     Months endedto July 31,
     
     July 31,
     
     July 31,2007
     
     2007
     
     2006$
     
     $
     
     $Operating ActivitiesNet loss for the period
     (66,802
     )
     (22,082
     )
     (8,805
     )Adjustment to reconcile net loss to net cash used inoperating activities:Donated expenses
     24,500
     
     8,100
     
     8,100Change in operating assets and liabilities:Prepaid expenses
     (10,000
     )
     (10,000
     )
     -Accounts payable and accrued liabilities
     7,077
     
     6,525
     
     -Due to related party
     11,928
     
     (11,849
     )
     (850
     )Net Cash Used in Operating Activities
     (33,297
     )
     (29,306
     )
     (1,555
     )Financing ActivitiesProceeds from loan payable to 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
     42,113
     
     41,854
     
     (1,555
     )Cash - Beginning of Period
     -
     
     259
     
     1,859Cash - End of Period
     42,113
     
     42,113
     
     304Supplemental DisclosuresInterest paid
     -
     
     -
     
     -Income taxes paid
     -
     
     -
     
     -






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



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

|1. | Development Stage Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | 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 estateconsulting 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 never generated revenues 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 July 31, 2007, the Company has a working capital deficiency of $38,052 and has accumulated losses of $66,802 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 $42,113 cash on hand at July 31, 2007. The Company currently has no revenues 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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F-4



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

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | d)                                                    
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|   |                                                       
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|   | e)                                                    
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|   | f)                                                    
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|   | g)                                                    
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|   |                                                       
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|   | h)                                                    
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|   | i)                                                    
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|   | j)                                                    
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F-5



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

|2. | Summary of Significant Accounting Policies (continued)
|-- | ------------------------------------------------------
|  
|   | k)                                                    
|  
|   |                                                       
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|   |                                                       
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|   |                                                       
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F-6

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

|3. | Related Party Transactions                                                                                                                                                                                                                                    
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | a)                                                                                                                                                                                                                                                            
|  
|   | b)                                                                                                                                                                                                                                                            
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|   | c)                                                                                                                                                                                                                                                            
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|   |                                                                                                                                                                                                                                                               
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|4. | Prepaid expenses                                                                                                                                                                                                                                              
|  
|   | Prepaid expenses represent prepaid legal fees of $10,000 for preparation of the Companys 10-SB Registration Statement (10-SB) filed with the Securities and Exchange Commission (SEC). The 10-SB was declared effective by the SEC on September 10, 2007.
|  















F-7



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ITEM 2.     MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

This section of this 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 statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our 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 $66,802 at July 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.

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.

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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 our team as funds become available.

We have incurred losses since inception resulting in a net accumulated deficit of $66,802 at July 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 then ongoing.      
|  
|3. | Recruitment and staffing - Maximum cost of $70,000. Time involved: Initially 60 days and then 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 no 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.

We have no assurance that future financing will be available to us on acceptable terms. If financing is 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.



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Results of Activities

We have not generated any revenues to date. Our accumulated deficit since inception is $66,802.

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.

As of July 31, 2007, our total assets were $52,113 and our total liabilities were $90,165. We had $42,113 in cash.

ITEM 3.     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 disclosure controls and procedures, that our disclosure controls and procedures are effective.

PART II - OTHER INFORMATION

ITEM 6.EXHIBITS.

The following documents are included herein:

|Exhibit No. | Document Description                                                                                                                                                                          
|----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a), promulgated under the Securities Exchange Act of 1934,
as amended.
|           
|32.1        | Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of 2002.                
|           











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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 24thday of October, 2007.

THE IBERIAN GROUP INC.BY:THOMAS P. HAYWARDThomas P. HaywardPresident, Principal Executive Officer,Secretary, Treasurer, Principal FinancialOfficer, Principal Accounting Officer, andsole Director.





























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