UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 10-K

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the fiscal year ended 12/31/08

                      OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
     SECURITIES EXCHANGE ACT OF 1934
     For the transition period from     to

              Commission file number: 333-133961

                      Globalink, Ltd.
          --------------------------------------------
      (Exact name of registrant as specified in its charter)

        NEVADA                              Not applicable
----------------------                  ----------------------
(State or other jurisdiction              (I.R.S. Employer
of incorporation or organization         Identification Number)

#202 - 426 Main Street Vancouver, B.C.   V6A 2T0
---------------------------------------------------
(Address of principal executive offices, Zip Code)

(Registrant's telephone number, including area code) (604) 828-8822

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  Common
Stock, $.0002 par value

Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined by Rule 405 of the Securities Act.
[ ] Yes  [x] No

Indicate by check mark is the registrant is not required to file
reports pursuant to Section 13 or 15(d) of the Act.  [ ] Yes  [x] No

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

Indicate by checkmark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's
knowledge, indefinitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form
10-K.  [x]

<PAGE>2

Indicate by checkmark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.

Large accelerated filer  [ ]          Accelerated filer          [ ]
Non-accelerated filer    [ ]          Smaller reporting company  [x]

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

Globalink revenues for its most recent fiscal year were $245,255.  The
market value of Globalink's voting common stock held by non-affiliates
of Globalink was approximately $0.00.

The number of shares outstanding of Globalink's only class of common
stock, as of December 31, 2008 and March 31, 2009 was 24,785,000 shares
and 24,785,000 shares of its common stock, respectively.

No documents are incorporated into the text by reference.



<PAGE>3
Globalink, Ltd.
Form 10-K
For the Fiscal Year Ended December 31, 2008
 Table of Contents

Part I

ITEM 1.  BUSINESS                                                   4
ITEM 1A. RISK FACTORS                                               7
ITEM 1B. UNRESOLVED STAFF COMMENTS                                  7
ITEM 2.  PROPERTIES                                                 7
ITEM 3.  LEGAL PROCEEDINGS                                          7
ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS        7

Part II

ITEM 5.  MARKET FOR COMPANY'S COMMON EQUITY AND RELATED
           STOCKHOLDER MATTERS                                      8
ITEM 6.  SELECTED FINANCIAL DATA                                    9
ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS                      9
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
           RISK                                                    14
ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA               15
ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
           ACCOUNTING AND FINANCIAL DISCLOSURE                     33
ITEM 9A. CONTROLS AND PROCEDURES                                   33
ITEM 9B.  OTHER INFORMATION                                        34

Part III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, CONTROL
           PERSONS AND CORPORATE GOVERANCE; COMPLIANCE WITH
           SECTION 16(a) OF THE EXCHANGE ACT                       35
ITEM 11.  EXECUTIVE COMPENSATION                                   37
ITEM 12.  SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
           MANAGEMENT AND RELATED STOCKHOLDERS MATTERS             38
ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
           DIRECTOR INDEPENDENCE                                   41
ITEM 14.  PRINCIPAL ACCOUNTING FEES AND SERVICES                   41

Part IV

ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES
42




<PAGE>4
PART I

ITEM 1.  BUSINESS

General

The registrant was incorporated in the State of Nevada on February 3,
2006.  The registrant has focused its efforts in the Internet Hotel
booking services arena.  The registrant has developed a proprietary
online hotel booking program for connecting users with available rooms
in hotels across the world.  In order to gain the access to the hotels,
the registrant acquired OneWorld Hotel Destination Service Inc in
Vancouver, B.C. Canada on October 31, 2008.  OneWorld Hotel Destination
Service Inc is a hotel booking company which has established strong
relationships with major hotel chains such as Radisson, Hilton and
Sheraton.  Its clients include travel agents in major cities such as
Vancouver, Toronto, Calgary, and Montreal.  After the acquisition, the
registrant intends to put the OneWorld operations into the online
platform.

Effective October 31, 2008, the registrant issued 2,000,000 shares of
common stock and a notes payable to acquire all of the outstanding
stock of OneWorld Hotel Destination Services, Inc.

Operations

Globalink intends to develop and operate an internet hotel booking
website to provide online hotel booking services for travel agencies,
leisure and small business travelers.  This hotel booking website will
feature traveler oriented interfaces which will allow travel agencies
and travelers to make reservation for the hotel accommodation online.
The site will provide easy access to the description of the hotel and
real time rates with availability of access 24 hours a day and 7 days a
week.  The customers can book and confirm their hotel rooms
instantaneously from anywhere in the world.  This hotel booking website
will offer one-stop updated hotel booking and reservation services.

The peak season in hotel booking is from November to March and from
July to September every year.

We will first attract the local customers and hotel suppliers to our
Internet hotel booking web site.  We will provide a vendor marketplace
for the hotel vendors to log in and allow them to post their available
hotel rooms & prices on the website.  An interface will be provided to
each hotel listing their rooms with us so that the hotel management can
upload daily the latest rates and latest availability of rooms onto the
website.

To encourage more hotels to utilize this website, we will waive the
membership fee for the hotels to join into this network.  We will only
charge approximately 10% commission from the hotels if the booking
transaction takes place in this hotel booking web site.

The customer and business travelers will be able to login to the
website to search for the hotel room availability, real-time pricing,



<PAGE>5

hotel information, hotel reservation, and hotel confirmation.  Each
customer will have their own account to keep track of his travel
information.

The web site will provide special hot deals and travel packages to the
customers.  For the return customers, the award points will be earned
and credited to their accounts.  Discount voucher and free hotel room
will be awarded when their points reach the reward level.

In order to make our web site a comfortable place for the customers and
hotel vendors to use, we will build an underlying technology
infrastructure that enables the transactions through our websites to be
processed in a quick, reliable, scalable and secure environment.

   Competition.  The online commerce market, particularly over the
Internet, is new, rapidly evolving and intensely competitive, and we
expect that the competition will intensify in the future.  Barriers to
entry are minimal, and current and new competitors can launch new
websites at a relatively low cost.  We believe while we currently may
have disadvantages in this market, the growth of this market is able to
allow us to take a market share if we can maintain reliable, fast
response, and quality service to our customers and hotel suppliers.

We will compete on the basis of ease of use, pricing and customer
preference.  Our competitors are well established, substantially larger
and have substantially greater market recognition, greater resources
and broader capabilities than we have.  There can be no assurance that
we will be able to compete successfully against current and future
competitors, and competitive pressures faced by Globalink may have a
material adverse effect on our business, prospects, financial condition
and results of operations.

Marketing Strategy

Our objective is to make this internet hotel booking web site to gain a
market presence and become one of the leading online hotel booking web
sites in local and international markets with time.

In order to achieve our objective, we need to meet the following events
or milestones in the next twelve months:

   -  We must complete the internet hotel booking web site within six
months.  The activities include purchasing and putting into place the
necessary electronic infrastructure to support our website; developing
the software and programs to operate both our website and our referral
database; and testing and fine tuning the functionality of our website.

   -  We must promote our website. We will pursue an aggressive brand
awareness strategy which includes a substantial advertising presence in
the media, such as newsprints, online media, and radio and television
as well as public billboards. We need to attract an increasingly number
of customers to use our web site.


<PAGE>6

   -  Another major crucial factor to make this web site a success is
the strong relationship with the hotel suppliers.  We will work closely
with the hotel suppliers to give us input to design the easy tools to
facilitate suppliers' entry of pricing, availability and description
information directly into our marketplace.

We intend to first sign up at least few hotel suppliers to use our
hotel booking website after the completion of site.  Our directors and
officers have contacted a few hotel suppliers locally to solicit their
interests in using our hotel booking web site.  Although we have had
preliminary discussions with a few suppliers who had shown interest in
our project and although they could materially affect our operations,
we currently do not have any affiliation or contractual obligations
with these suppliers.  We cannot be certain whether any of these
companies will use our services.

We plan to place the underlying infrastructure and functionality to our
websites.  The stability of the backbone of the website is important to
prevent and minimize the down-time of the web site.  Any down-time may
cause us to loss the customers and the confidence of the hotel
suppliers.  It will substantially affect the company and may impair our
operation.  We will also establish a reliable system to verify the
transaction order, providing a comfortable place for the customers and
the hotel suppliers to use.

For the first year of operation, the marketing costs will depend on the
amount of funding raised in this offering.  Management is of the
opinion that we will need to raise $625,000 to achieve net income
producing operations.  To achieve brand awareness, we intend to
allocate the following amounts:

   -   If $625,000 is raised, we will allocate $125,000 for
market and advertising which will consist of minimal local
exposure through billboards, television and radio spots, news
media and travel magazines.

   -   If $1,250,000 is raised, we will allocate $300,000 for
market and advertising which will consist of local exposure
through billboards, television and radio spots, news media and
travel magazines.  Additionally, we can launch separate marketing
schemes to different populated cities, not necessarily in the
same country.

   -   If $2,500,000 is raised, we will allocate $563,000 for
marketing and brand exposure which will include local exposure
through billboards, television and radio spots, news media and
travel magazines.  Additionally, we will launch separate
marketing schemes to one or two affluent cities outside of the
United States.

   -   If the total offering amount is raised, we will allocate
$1,200,000 for marketing and brand exposure which will include
local exposure through billboards, television and radio spots,
news media and travel magazines.  Additionally, we will increase
our brand awareness in additional cities

<PAGE>7

Employees

We presently have no full-time employees and no part-time employees.
We intend to enter into employment agreements with our officers.  Terms
and conditions of these agreements have not yet been determined.


ITEM 1A.  RISK FACTORS

Not applicable to smaller reporting companies.


ITEM 1B.  UNRESOLVED STAFF COMMENTS

Not applicable


ITEM 2. PROPERTIES

Our executive offices of approximately 600 square feet are located at
426 Main Street, 2nd Floor, Vancouver, B.C., V6A 2T4.  We have a signed
sublease for the property with the main tenant with freedom to vacate
as desired.

The registrant leases its administrative offices for US$938 per month.
The lease expires in May 2011.  The operating lease expense for the
year ended December 31, 2008 was $1,876.  Future minimum lease payments
are as follows:

Fiscal year
Ended December 31,
                   2009                     $11,256
                   2010                      11,256
                   2011                      11,256
                                            -------
                                             33,768
                                            =======


ITEM 3.   LEGAL PROCEEDINGS.

The registrant is aware of no pending or threatened litigation.


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

During the fourth quarter of the fiscal year ended December 31, 2008,
no matters were submitted to a vote of Globalink's security holders,
through the solicitation of proxies.



<PAGE>8

PART II

ITEM 5.  MARKET FOR COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

    Item 5(a)

a)  Market Information.  Our common stock is listed on the NASDAQ
bulletin board under the symbol GOBK as of December 20, 2007 and the
first trade was made on March 6, 2008.

The following table sets forth the range of high and low bid quotations
for the registrant's common stock.  The quotations represent inter-
dealer prices without retail markup, markdown or commission, and may
not necessarily represent actual transactions.
        Quarter  Ended                 High Bid             Low Bid
             3/31/08                    1.00                   .75
             6/30/08                    1.20                   .80
             9/30/08                    1.01                   .11
            12/31/08                     .16                   .05

b)  Holders.  At March 31, 2009, there were approximately 62
shareholders of the registrant.

c)  Dividends.  Holders of the registrant's common stock are entitled
to receive such dividends as may be declared by its board of directors.
No dividends on the registrant's common stock have ever been paid, and
the registrant does not anticipate that dividends will be paid on its
common stock in the foreseeable future.

d)  Securities authorized for issuance under equity compensation plans.
No securities are authorized for issuance by the registrant under
equity compensation plans.

e)  Performance graph.  Not applicable.

f)  Sale of unregistered securities.  None.


    Item 5(b)  Use of Proceeds.  Not applicable.

    Item 5(c)  Purchases of Equity Securities by the issuer and
affiliated purchasers.  None.


Item 6.  SELECTED FINANCIAL DATA.

Not applicable to a smaller reporting company.



<PAGE>9

ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

Trends and Uncertainties.

We are pursuing financing for our operations and seeking additional
investments and we will need a minimum of $315,000 over the next twelve
months to continue operations.  We acquired al of the common shares of
OneWorld for 2,000,000 common shares and a promissory note.  In
addition, we are seeking to expand our revenue base by adding new
customers and increasing our marketing and advertising.  Failure to
secure such financing or to raise additional equity capital and to
expand its revenue base may result in Globalink depleting our available
funds and not being able to pay our obligations.

There are several known trends that are reasonably likely to have a
material effect on our net sales or revenues alongside our income from
continuing operations and profitability.

We expect to experience significant fluctuations in our future
operating results due to a variety of factors, many of which are
outside our control. Factors that may adversely affect our quarterly
operating results include but are not limited to:
   - Our ability to develop and complete the hotel booking website.
   - Our ability to attract customer to use our web site and maintain
user satisfaction;
   - Our ability to attract hotel suppliers to post their hotel rooms
in our web site.
   - Our ability to maintain our projected 10% commission profit from
the hotel suppliers.
   - Our ability to hire and train qualified personnel.
   - Our ability to resolve any technical difficulties and system
downtime or Internet disconnection.
- Governmental regulations on use of Internet as a tool to conduct
business transaction.
- Change of customer's acceptance to use Internet to book hotel rooms.

We may also incur losses for the foreseeable future due to costs and
expenses related to:
- The implementation of our hotel booking web site business
model;
- Marketing and other promotional activities;
- Competition
- The continued development of our website;
- High cost to maintain the hotel booking web site, and
- Hiring and training new staff for customer services.

We cannot be sure that we will be successful in addressing these risks
and uncertainties and our failure to do so could have a materially
adverse effect on our financial condition.  In addition, our operating
results are dependent to a large degree upon factors outside of our
control.  There are no assurances that we will be successful in
addressing these risks, and failure to do so may adversely affect our
business.

<PAGE>10

Capital and Source of Liquidity.

Prior to the acquisition of OneWorld, all of Globalink's operating
capital has either been advanced by current shareholders or from
proceeds for the issuance on common shares.

For the year ended December 31, 2008, Globalink received advances from
shareholders of $3,092.  As a result, Globalink had net cash from
financing activities of $3,092 for the year ended December 31, 2008.

For the year ended December 31, 2007, Globalink received advances from
shareholders of $20,482 and proceeds from the sale of common shares of
$80,700.  As a result, Globalink had net cash from financing activities
of $101,182 for the year ended December 31, 2007

For the year ended December 31, 2008, Globalink acquired capital assets
of $7,865 and issued a note payable for the purchase of OneWorld for
$469,800 and had purchase effects of the subsidiary of $62,115.  As a
result, the registrant had cash flows from investing activities of
$399,820 for the year ended December 31, 2008.

For the year ended December 31, 2007, Globalink acquired
capital assets of $14,670 resulting in cash flows used in
investing activities of $14,670.

Results of Operations

For the year ended December 31, 2008, Globalink revenues of $245,255
with cost of sales of $225,790 resulting in gross margin of $19,465.
The net loss for the year ended December 31, 2008 is $72,291.  Expenses
consisted of wages and salaries of $26,290, exchange losses of $33,375
and other administrative expenses of $36,111.  These amounts increased
over 2007 due to the acquisition of OneWorld.

For the year ended December 31, 2007, Globalink did not receive
any revenues from operations.  The net loss for the period was
$(30,445).  The expenses of $30,468 consisted mainly of
management and directors' fees valued at transfer agent cost of
$10,334, consulting fees of $2,500 and of basic operating
expenses spent to set up business operations and the
administrative, legal and accounting expenses necessary to
complete filings with the Securities and Exchange Commission.

We are currently working on the hotel booking website.  The initial
structure and preliminary functions are done.  More work will be
required before the site can be used and tested.  Actual hotel listings
will need to be incorporated.

Off-Balance Sheet Arrangements

The registrant had no material off-balance sheet arrangements as of
December 31, 2008.



<PAGE>11

Contractual Obligations

The registrant has no material contractual obligations

New Accounting Pronouncements

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts-
and interpretation of FASB Statement No. 60".  SFAS No. 163 clarifies
how Statement 60 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities.  This statement also requires expanded disclosures about
financial guarantee insurance contracts. SFAS No. 163 is effective for
fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the
registrant's financial position, statements of operations, or cash
flows at this time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 162, "The Hierarchy of Generally Accepted Accounting
Principles".  SFAS No. 162 sets forth the level of authority to a given
accounting pronouncement or document by category. Where there might be
conflicting guidance between two categories, the more authoritative
category will prevail. SFAS No. 162 will become effective 60 days after
the SEC approves the PCAOB's amendments to AU Section 411 of the AICPA
Professional Standards. SFAS No. 162 has no effect on the registrant's
financial position, statements of operations, or cash flows at this
time.

In March 2008, the Financial Accounting Standards Board, or FASB,
issued SFAS No. 161, Disclosures about Derivative Instruments and
Hedging Activities-an amendment of FASB Statement No. 133.  This
standard requires companies to provide enhanced disclosures about (a)
how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under Statement
133 and its related interpretations, and (c) how derivative instruments
and related hedged items affect an entity's financial position,
financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged.
The registrant has not yet adopted the provisions of SFAS No. 161, but
does not expect it to have a material impact on its consolidated
financial position, results of operations or cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No.
110 regarding the use of a "simplified" method, as discussed in SAB No.
107 (SAB 107), in developing an estimate of expected term of "plain
vanilla" share options in accordance with SFAS No. 123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it will
accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined
estimates of expected term. At the time SAB 107 was issued, the staff
believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily

<PAGE>12

available to companies. Therefore, the staff stated in SAB 107 that it
would not expect a company to use the simplified method for share
option grants after December 31, 2007.  The staff understands that such
detailed information about employee exercise behavior may not be widely
available by December 31, 2007.  Accordingly, the staff will continue
to accept, under certain circumstances, the use of the simplified
method beyond December 31, 2007.  The registrant currently uses the
simplified method for "plain vanilla" share options and warrants, and
will assess the impact of SAB 110 for fiscal year 2009. It is not
believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements-an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements. Before this statement was issued, limited guidance existed
for reporting noncontrolling interests. As a result, considerable
diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as
liabilities or in the mezzanine section between liabilities and equity.
This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008
(that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Statement 141 (revised 2007).  The
registrant will adopt this Statement beginning March 1, 2009. It is not
believed that this will have an impact on the registrant's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.' This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in Statement
141.  This Statement establishes principles and requirements for how
the acquirer: (a) recognizes and measures in its financial statements
the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures
the goodwill acquired in the business combination or a gain from a
bargain purchase; and (c) determines what information to disclose to
enable users of the financial statements to evaluate the nature and
financial effects of the business combination.  This statement applies
prospectively to business combinations for which the acquisition date
is on or after the beginning of the first annual reporting period
beginning on or after December 15, 2008.  An entity may not apply it
before that date.  The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this will
have an impact on the registrant's consolidated financial position,
results of operations or cash flows.

<PAGE>13

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option
for Financial Assets and Liabilities-Including an Amendment of FASB
Statement No. 115.  This standard permits an entity to choose to
measure many financial instruments and certain other items at fair
value. This option is available to all entities.  Most of the
provisions in FAS 159 are elective; however, an amendment to FAS 115
Accounting for Certain Investments in Debt and Equity Securities
applies to all entities with available for sale or trading securities.
Some requirements apply differently to entities that do not report net
income.  SFAS No. 159 is effective as of the beginning of an entity's
first fiscal year that begins after November 15, 2007. Early adoption
is permitted as of the beginning of the previous fiscal year provided
that the entity makes that choice in the first 120 days of that fiscal
year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The registrant will adopt SFAS No. 159 beginning March
1, 2008 and is currently evaluating the potential impact the adoption
of this pronouncement will have on its consolidated financial
statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting
principles (GAAP), and expands disclosures about fair value
measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the
Board having previously concluded in those accounting pronouncements
that fair value is the relevant measurement attribute. Accordingly,
this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will
change current practice. This statement is effective for financial
statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued
financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The
registrant will adopt this statement March 1, 2008, and it is not
believed that this will have an impact on the registrant's consolidated
financial position, results of operations or cash flows.


ITEM 7A.  Quantitative and Qualitative Disclosures About Market Risk.

Globalink does not have any significant market risk exposures.



<PAGE>14

ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


GLOBALINK CORP.
Index to
Financial Statements

                                                              Page
                                                           ----------

Report of Independent Registered Public Accounting Firm           15

Balance Sheet at December 31, 2008                                16

Statements of Operations for the years ended
 December 31, 2008 and 2007                                       17

Statement of Changes in Stockholders' Equity
 for the years ended December 31, 2008 and 2007                   18

Statements of Cash Flows for the years ended
 December 31, 2008 and 2007                                       19

Notes to Financial Statements                                     20



<PAGE>15
                          THOMAS J. HARRIS
                     CERTIFIED PUBLIC ACCOUNTANT
                     3901 STONE WAY N., SUITE 202
                         SEATTLE, WA  98103
                            206.547.6050

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


Board of Directors
GLOBALINK, LTD.
Vancouver, B. C., Canada

We have audited the balance sheets of GLOBALINK, LTD. AND SUBSIDIARY,
as at DECEMBER 31, 2008 AND 2007, the statements of earnings and
deficit, stockholders' deficiency and cash flows for the period from
inception February 3, 2006 to DECEMBER 31, 2008. Theses financial
statements are the responsibility of the company's management. Our
responsibility is to express an opinion on these financial statements
based on our audit.

We conducted our audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States).  Those standards
require that I plan and perform the audit 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.  I believe that my audit
provides a reasonable basis for my opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of GLOBALINK
LTD. AND SUBSIDIARY, as of December 31, 2008 and the results of its
operations and its cash flows for the periods then ended in conformity
with generally accepted accounting principles accepted in the United
States of America.

As explained in Note 1 to these financial statements management has
elected to revalue the stock given to officers and directors for
services.  This revaluation has been accounted for as a correction of
an error and they have been restated as shown in the note 1.  We concur
in this restatement.



/s/Thomas J. Harris, CPA
---------------------------
Thomas J Harris, CPA
April 13, 2009





<PAGE>16
Globalink, Ltd. and Subsidiary
Consolidated Balance Sheet
December 31, 2008 and 2007
(Expressed in U.S. Dollars)

                                             2008             2007
                            ASSETS
Current assets:
  Cash                                    $ 579,464         $  81,077
  Accounts receivable trade                 109,406                 -
  Other Receivable                           28,743                 -
  Other Current Assets                       22,383                 -
                                          ---------         ---------
    Total current assets                    739,995            81,077
                                          ---------         ---------

Fixed assets, net of accumulated
  depreciation                               17,909            13,465
                                                            ---------

TOTAL ASSETS                              $ 757,904         $  94,542
                                          =========         =========


                LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrual            $ 388,776         $       -
  Notes payable OneWorld Acquisition        469,800                 -
  Other current liabilities                   2,974                 -
                                          ---------         ---------
    Total current liabilities               861,500                 -
                                          ---------         ---------
OTHER LIABILITIES:
  Advances from Shareholders                 30,390            27,298
                                          ---------         ---------
    Total other liabilities                  30,390            27,298
                                          ---------         ---------
TOTAL LIABILITIES                           891,940            27,298
                                          ---------         ---------
STOCKHOLDERS' EQUITY:
  Common stock, $.0002 par value,
   500,000,000 shares authorized and
   24,785,000 shares issue and outstanding    4,957             4,557
  Paid-in Surplus                           128,794           223,643
  Deficit accumulated during the
    development stage                      (267,787)         (160,956)
                                          ---------         ---------
    Total Stockholders' Equity             (134,036)           67,244
                                          ---------         ---------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY  $ 757,904         $  94,542
                                          =========         =========

See accompanying notes

<PAGE>17

GLOBALINK, LTD. and Subsidiary
Consolidated Statement of Operations
For the Years ended December 31, 2008 and 2007
(Expressed in U.S. Dollars)
<TABLE>
                              For twelve months          For twelve months
                                    ended                     ended
                              December 31, 2008          December 31, 2007
                              -----------------          ------------------

                                 <c>                         <c>
Revenue
  Sales                          $ 245,255                    $       -
  Cost of Sales                    224,790                            -
                                 ---------                    ---------
Gross Margin                        19,465                            -

Expenses
  Wages & salaries                  26,290                            -
  Exchange losses                   33,375                            -
  Other administrative expenses     36,111                       30,468
                                 ---------                    ---------
Income (deficit) from operations   (76,311)                     (30,468)
                                 ---------                    ---------
Other income and expenses            4,020                           24
                                 ---------                    ---------
Income before income taxes         (72,291)                     (30,445)
  Income tax                             -                            -
                                 ---------                    ---------
Income for the period            $ (72,291)                   $ (30,445)
                                 =========                    =========
Basic and Diluted Loss
  per Share                        $ (0.00)                     $ (0.00)
                                 =========                    =========

Weighted Number of
  Common Shares                 23,451,667                   22,785,000
                                ----------                   -----------
</TABLE>


See accompanying notes




<PAGE>18
                     GLOBALINK, LTD. and Subsidiary
               Consolidated Statement of Stockholders' Equity (Deficit)
  For The Period From Inception February 3, 2006 to December 31, 2007
               And Accumulated During the Development Stage
                       (Expressed in U.S. Dollars)
<TABLE>
<CAPTION>
                                                              Deficit
                                                           Accumulated      Total
                                                            During the     Stock-
                             Number                Paid In   Development    holders'
                            Of shares     Amount   Surplus     Stage       Equity
                           ----------   ---------  -------   ----------   ----------

                            <c>          <c>                 <c>          <c>
Balance at February 3, 2006         -   $        -  $      - $        -  $       -

Shares issued for services at
 $.10 (restated on June 30,
 2007                       1,125,000        1,125   111,375          -    112,500
Shares issued for cash at
 $.013333                   2,625,000        2,625    32,375          -     35,000
Net loss for the period             -            -         -   (130,511)  (130,511)
                           ----------   ----------   ------- ----------  ---------

Balance at December
   31, 2006                 3,750,000   $    3,750   143,750  $(130,511) $  16,989
Shares issued for cash at
 $.10                         807,000   $      807    79,803          -     80,700
Net loss for the year ended
  December 31, 2007                 -            -         -   ( 30,445)  (30,445)
                           ----------   ----------   ------- ----------  ---------

Balance at December
   31, 2007                 4,557,000   $    4,557  $223,643  $(160,956) $  67,244
                           ----------   ----------   ------- ----------  ---------

Effect of 5 for 1 stock split
 and reduction of par value
 to .0002                  22,785,000        4,557   223,643   (160,956)    67,244

Shares issued in acquisition
 Of OneWorld Hotel Destination
 Services, Inc.             2,000,000          400   (94,849)   (34,540)  (128,989)

Net Loss for the year ended
 December 31, 2008                  -            -         -    (72,291)   (72,291)
                           ----------   ----------   ------- ----------   ---------
                           24,785,000   $    4,957  $128,794 $ (267,787) $ (134,036)
                           ==========   ==========  ======== ==========  ==========
</TABLE>



See accompanying notes


<PAGE>19
                     GLOBALINK, LTD. and Subsidiary
                   Consolidated Statement of Cash Flows
                 For the years ended December 31, 2008 and 2007
                        (Expressed in U.S. Dollars)
<TABLE>
                                   For twelve months    For twelve months
                                           Ended                Ended
                                    December 31, 2008  December 31, 2007
                                    ----------------   ----------------
   
                                      <c>                 <c>
Cash Flows from Operating
  Activities
    Loss for the period                   $  (72,291)        $ (30,445)
      Less Depreciation not requiring
      use of funds                             3,421              1,206
    Net loss on exchange transactions        (16,872)                 -
Net changes in working capital
      Balances:
      Accounts Receivable                   (109,406)                 -
      Other Receivable                       (28,743)                 -
      Other Current Assets                   (22,383)                 -
      Accounts payable and accruals          341,749                  -
      Due to government agencies                   -                  -
      Directors' services paid in shares           -                  -
                                          ----------          ---------
    Cash flows used in operating
      activities                              95,475            (29,239)
                                          ----------          ---------
Cash Flows from Financing Activities
  Advances from shareholders                   3,092             20,482
  Share capital issued                             -             80,700
                                           ---------          ---------
    Cash flows from financing activities       3,092            101,182
                                           ---------          ---------
Cash Flows from Investing Activities
  Acquisition of capital assets               (7,865)           (14,670)
  Notes payable for purchase of sub          469,800                  -
  Purchase effects of subsidiary             (62,115)                 -
  Cash from acquisition of subsidiary              -                  -
                                           ---------          ---------
    Cash flows from (used in)
     investing activities                    399,820            (14,670)
                                           ---------          ---------
Net (Decrease) Increase in Cash and
 Cash Equivalents                            498,387             57,273
Cash and Cash Equivalents at
 Beginning of Period                          81,077             23,804
                                           ---------          ---------
Cash and Cash Equivalents at
  End of Period                            $ 579,464          $  81,077
                                           =========         =========
Represented by:
  Cash                                     $ 579,464          $  81,077
                                           =========          =========
</TABLE>
See accompanying notes

<PAGE>20
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

Nature of Operations

GLOBALINK LTD. was incorporated in the State of Nevada on February 3,
2006. GLOBALINK has focused its efforts in the Internet Hotel booking
services arena. The Company has developed a proprietary online hotel
booking program for connecting users with available rooms in hotels
across the world. In order to gain the access to the hotels, GLOBALINK
LTD. acquired OneWorld Hotel Destination Service Inc in Vancouver, B.C.
Canada on October 31, 2008.  OneWorld Hotel Destination Service Inc is
a hotel booking company which has established strong relationships with
major hotel chains such as Radisson, Hilton and Sheraton. Its clients
include travel agents in major cities such as Vancouver, Toronto,
Calgary, and Montreal. After the acquisition the Company intends to put
the OneWorld operations into the online platform.

Accounting Policies

The financial statements have been prepared in accordance with
generally accepted accounting principles accepted in the United States
of America and reflect the following policies:

a)   Translation of foreign currencies
Monetary assets and liabilities in foreign currencies are translated
into United States dollars at the prevailing year-end exchange rates.
Revenue and expense items are translated at the average rates in effect
during the month of transaction. Resulting exchange gains and losses on
transactions are included in the determination of earnings for the
year. The exchange loss for this period from January 1 to December 31,
2008 is $33,375.

b)  Financial instruments
The company's financial instruments consist of accounts receivable,
accounts payable, directors' fees payable and advances from
shareholders. It is management's opinion that the company is not
exposed to significant interest rate risk arising from these financial
instruments and that their carrying values approximate their fair
values.

c)  Use of estimates
The preparation of financial statements in conformity with generally
accepted accounting principles accepted in the United States of America
requires management to make estimates and assumptions which affect the
reported amounts of assets and liabilities and the disclosure of
contingent assets and liabilities at the date of the financial
statements and revenues and expenses for the year reported. Actual
results could differ from those estimates.



 <PAGE>21
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

d)  Stock-based compensation
FAS 123(r), Accounting for Stock-based compensation requires companies to
record compensation cost for stock-based employee compensation to be
measured at the grant date, and not subsequently revised. The Company
has chosen to continue to account for stock-based compensation using
the provisions of FAS 123(r).  In addition the company's policy is to
account for all stock based transactions in conformance with FAS 123R.

e)  Income taxes
The Company utilizes the asset and liability method for income taxes.
Under this method, deferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the
financial statement carrying amounts of existing assets and liabilities
and their respective tax bases and operating loss and tax credit
carryforwards. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change
in tax rates is recognized in income in the period that includes the
enactment date. The company provides a valuation allowance on net
deferred tax assets when it is more likely than not that such assets
will be realized. Currently it is more likely than not that the Company
will gain no benefit in future years for tax losses from current and
prior years.

f)  Basic and diluted loss per share
Basic loss per common share is based upon the net loss for the year
divided by the weighted average number of common shares outstanding
during the year. Diluted loss per common share adjusts for the effect
of stock options only in the periods presented in which such effect
would have been dilutive. Such effect was not dilutive in any of the
years presented.

Recently issued accounting pronouncements
      Recently issued accounting pronouncements have little or no
effect on these financial statements.

Fixed assets

Furniture, fixtures and equipment are recorded at cost.  Depreciation
is provided annually at rates calculated to write off the assets over
their estimated useful lives as follows, except in the year of
acquisition when one half of the rate is used.  The Company uses an
accelerated method of depreciating their assets over their useful
lives.
Computer equipment acquired
  before March 24, 2004                30%, declining balance
Computer equipment acquired
  after March 23, 2004                 45%, declining balance
Furniture and equipment                20%, declining balance
Leasehold improvements                 20%, straight line

<PAGE>22

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

Advances from Shareholders

Advances from shareholders are for the reimbursement of expenses
incurred on behalf of the company by the three principal shareholders
and they bear no interest due.  These notes are short term advances
which are paid generally within one year.  The balance at December 31,
2008 is $30,390.

Operating Leases

The Company leases its administrative offices for US$938 per month. The
lease expires in May 2011.  The operating lease expense for the year
ended December 31, 2008 was $1,876.  Future minimum lease payments are
as follows:

Fiscal year
Ended December 31,
                   2009                     $11,256
                   2010                      11,256
                   2011                      11,256
                                            -------
                                             33,768
                                            =======

The Company leases a motor vehicle under an operating lease for a term
of 48 months from June 21, 2005 at a monthly payment of US$537
excluding taxes. Future minimum payments are as follows:

      Fiscal year ending December 31, 2008     $6,450


Supplemental information - consolidated statements
<TABLE>
                                OneWorld     Globalink
                                12/31/08     12/31/08     Eliminations    Consolidated
                                --------     --------     ------------    ------------

                                <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                        $ 513,856     $  65,608            -       $579,464
    Accounts receivable           109,405             -            -        109,405
    Other receivable               28,743             -            -         28,743
    Investment in subsidiary            -       341,976     (341,976)             -
    Other current assets           22,383             -            -         22,383
                                ---------     ---------    ---------      ---------
  Total current assets            674,387       407,584     (341,976)       739,995



<PAGE>23
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

  Fixed assets, net
    Of accumulated depreciation        7,379        10,530            -        17,909
                                   ---------     ---------    ---------     ---------
TOTAL ASSETS                       $ 681,766     $ 418,114    $(341,976)    $ 757,904
                                   =========     =========    =========     =========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable               $ 311,377     $  77,399    $       -     $ 388,776
    Notes payable                          -       469,800            -       469,800
    Other current liabilities         28,413         4,951            -        33,364
                                   ---------     ---------    ---------     ---------
  Total current liabilities          339,790       552,150            -       891,940

  Shareholders Equity
    Common stock                      16,400         4,957      (16,400)        4,957
    Paid in surplus                        -       128,794            -       128,794
    Retained earnings/(deficit)      325,576      (267,787)    (325,576)     (267,787)
                                   ---------     ---------     --------      ---------
TOTAL LIABILITIES AND SHAREHOLDERS
  EQUITY                           $ 681,766     $ 417,114    $(341,976)    $ 757,904
                                   ---------     ---------    ---------      ---------

                                      January through December 31, 2008
                                One World    Global      Eliminations     Consolidated
Sales                          $ 247,685    $        -     $        -     $ 247,685
Cost of Sales                    208,917             -              -       208,917
                               ---------    ----------     ----------     ---------
Gross Profit                      38,768             -              -        38,768
Expenses:
  Wages and salaries              26,290             -              -        26,290
  Subsidiary expenses                  -        33,375              -        33,375
  Other administrative expenses   11,065        23,456              -        34,521
                                --------    ----------     ----------     ---------
Total expenses                    37,355        56,831              -        94,186
                                --------    ----------     ----------     ---------
Income/(loss) from operations      1,413       (56,831)             -       (55,418)
Other income/(expenses)          (16,873)            -              -       (16,873)
                                --------    ----------     ----------     ---------
Income before income taxes       (15,460)      (56,831)             -       (72,291)
Income taxes                           -             -              -             -
                                --------    ----------     ----------     ---------
Net income/(loss)               $(15,460)     $(56,831)    $        -     $ (72,291)
</TABLE>
** The OneWorld income includes on the amounts since acquisition
November 1, 2008 through December 31, 2008.




<PAGE>24

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

Business Combination

Effective October 31, 2008, the Company issued 2,000,000 shares of
common stock and a notes payable to acquire all of the outstanding
stock of OneWorld Hotel Destination Services, Inc. The acquisition is
being accounted for as an acquisition as required by SFAS No. 141.  The
Company did not issue a significant amount of its stock to acquire the
OneWorld and therefore it is not considered a reverse acquisition under
SFAS No. 141.  However, management has elected to account for the
acquisition without the creation of Goodwill and has therefore shown
the amounts paid in cash $469,800 have been shown as a reduction of
Paid-in Surplus.  The acquisition is being reported and operating as a
wholly owned subsidiary of the parent company.

Following is the proforma balance sheet and income statement as of the
acquisition date, October 31, 2008:

<TABLE>
                                   OneWorld     Globalink
                                   12/31/08     12/31/08    Eliminations  Consolidated
                                   --------     --------     -----------  ------------

                                   <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                           $ 623,005     $  66,080            -      $689,085
    Accounts receivable              252,698             -            -       252,949
    Investment in subsidiary               -       375,351      375,351             -
    Other current assets              17,224             -            -        17,224
                                   ---------     ---------    ---------     ---------
  Total current assets               892,927       441,682      375,351       959,258

  Other current assets                44,536        11,020            -        55,556

                                   ---------     ---------    ---------     ---------
TOTAL ASSETS                       $ 937,463     $ 452,702    $ 375,351    $1,014,814
                                   =========     =========    =========     =========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable               $ 560,263     $   1,280    $       -    $  561,543
    Other current liabilities          1,849       500,100            -       501,949
                                   ---------     ---------    ---------    ----------
  Total current liabilities          562,112       501,380            -     1,063,492



<PAGE>25
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

  Shareholders Equity
    Common stock                       6,382         4,957       (6,382)        4,957
    Paid in surplus                        -       128,794            -       128,794
    Preferred stock                    6,382             -       (6,382)            -
    Retained earnings/(deficit)      362,587      (182,429)    (362,587)     (182,429)
                                   ---------     ---------     --------     ---------
  Total shareholders equity          375,351       (48,678)    (375,351)      (48,678)
                                   ---------     ---------     --------     ---------
TOTAL LIABILITIES AND SHAREHOLDERS
  EQUITY                           $ 937,463     $ 452,702    $(375,351)   $1,014,814
                                   =========     =========    =========    ==========

                                      January through October 31, 2008
                              One World **     Global      Eliminations
Consolidated
Sales                          $ 1,354,122    $        -     $        -    $1,354,122
Cost of Sales                    1,256,126             -              -     1,256,126
                               -----------    ----------     ----------    ----------
Gross Profit                        97,996             -              -        97,996
Expenses:
  Wages and salaries                44,386             -              -        44,386
  Other administrative expenses     28,821         8,990              -        37,811
                                ----------    ----------     ----------    ----------
Total expenses                      73,207         8,990              -        82,197
                                ----------    ----------     ----------    ----------
Income/(loss) from operations       24,789        (8,990)             -        15,799
Other income/(expenses)             (5,191)        1,088              -       (4,103)
                                ----------    ----------     ----------    ----------
Income before income taxes          19,598        (7,902)             -        11,696
Income taxes                             -             -              -             -
                                ----------    ----------     ----------    ----------
Net income/(loss)               $   19,598    $   (7,902)    $        -    $   11,696
                                ----------    ----------     ----------    ----------
** OneWorld is reported for the four months ended October 31, 2008.
</TABLE>
Capital Stock

Authorized
      500,000,000 Common shares with $0.0002 par value
Issued
      24,785,000 shares

The Company issued 2,625,000 shares for cash of $.0133333 per share in
the amount of $35,000 and 1,125,000 shares for services at $.10 in the
amount of $112,500 in 2006.

The company also issued 807,000 shares at $.10 in the amount of $80,700
for cash under the filing with the Securities and Exchange Commission
of the United States in 2007.



<PAGE>26

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

The company has split its common stock on a 5 for 1 basis on July 1,
2008.

The company has issued 2,000,000 shares to Vincent Au in exchange for
100% of his shares in One World Hotel Destination Service, Inc. on
October 31, 2008.

New accounting pronouncements:

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts-
and interpretation of FASB Statement No. 60".  SFAS No. 163 clarifies
how Statement 60 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities. This statement also requires expanded disclosures about
financial guarantee insurance contracts. SFAS No. 163 is effective for
fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the Company's
financial position, statements of operations, or cash flows at this
time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 162, "The Hierarchy of Generally Accepted Accounting
Principles".  SFAS No. 162 sets forth the level of authority to a given
accounting pronouncement or document by category. Where there might be
conflicting guidance between two categories, the more authoritative
category will prevail. SFAS No. 162 will become effective 60 days after
the SEC approves the PCAOB's amendments to AU Section 411 of the AICPA
Professional Standards. SFAS No. 162 has no effect on the Company's
financial position, statements of operations, or cash flows at this
time.

In March 2008, the Financial Accounting Standards Board, or FASB,
issued SFAS No. 161, Disclosures about Derivative Instruments and
Hedging Activities-an amendment of FASB Statement No. 133.  This
standard requires companies to provide enhanced disclosures about (a)
how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under Statement
133 and its related interpretations, and (c) how derivative instruments
and related hedged items affect an entity's financial position,
financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged.
The Company has not yet adopted the provisions of SFAS No. 161, but
does not expect it to have a material impact on its consolidated
financial position, results of operations or cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No.
110 regarding the use of a "simplified" method, as discussed in SAB No.
107 (SAB 107), in developing an estimate of expected term of "plain

<PAGE>27
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

vanilla" share options in accordance with SFAS No. 123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it will
accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined
estimates of expected term. At the time SAB 107 was issued, the staff
believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily
available to companies. Therefore, the staff stated in SAB 107 that it
would not expect a company to use the simplified method for share
option grants after December 31, 2007. The staff understands that such
detailed information about employee exercise behavior may not be widely
available by December 31, 2007. Accordingly, the staff will continue to
accept, under certain circumstances, the use of the simplified method
beyond December 31, 2007. The Company currently uses the simplified
method for "plain vanilla" share options and warrants, and will assess
the impact of SAB 110 for fiscal year 2009. It is not believed that
this will have an impact on the Company's consolidated financial
position, results of operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements-an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements. Before this statement was issued, limited guidance existed
for reporting noncontrolling interests. As a result, considerable
diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as
liabilities or in the mezzanine section between liabilities and equity.
This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008
(that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Statement 141 (revised 2007). The
Company will adopt this Statement beginning March 1, 2009. It is not
believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.' This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in
Statement 141.  This Statement establishes principles and requirements
for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed,
and any noncontrolling interest in the acquiree; (b) recognizes and
measures the goodwill acquired in the business combination or a gain

<PAGE>28

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

from a bargain purchase; and (c) determines what information to
disclose to enable users of the financial statements to evaluate the
nature and financial effects of the business combination. This
statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may
not apply it before that date. The effective date of this statement is
the same as that of the related FASB Statement No. 160, Noncontrolling
Interests in Consolidated Financial Statements.  The Company will adopt
this statement beginning March 1, 2009. It is not believed that this
will have an impact on the Company's consolidated financial position,
results of operations or cash flows.

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option
for Financial Assets and Liabilities-Including an Amendment of FASB
Statement No. 115.  This standard permits an entity to choose to
measure many financial instruments and certain other items at fair
value. This option is available to all entities. Most of the provisions
in FAS 159 are elective; however, an amendment to FAS 115 Accounting
for Certain Investments in Debt and Equity Securities applies to all
entities with available for sale or trading securities. Some
requirements apply differently to entities that do not report net
income. SFAS No. 159 is effective as of the beginning of an entities
first fiscal year that begins after November 15, 2007. Early adoption
is permitted as of the beginning of the previous fiscal year provided
that the entity makes that choice in the first 120 days of that fiscal
year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company will adopt SFAS No. 159 beginning March 1,
2008 and is currently evaluating the potential impact the adoption of
this pronouncement will have on its consolidated financial statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting
principles (GAAP), and expands disclosures about fair value
measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the
Board having previously concluded in those accounting pronouncements
that fair value is the relevant measurement attribute. Accordingly,
this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will
change current practice. This statement is effective for financial
statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued
financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The Company



<PAGE>29

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
         For The Period from January 1, 2008 to December 31, 2008
                    (Expressed in U.S. Dollars)

will adopt this statement March 1, 2008, and it is not believed that
this will have an impact on the Company's consolidated financial
position, results of operations or cash flows.

These new accounting pronouncements are not currently expected to have
a material effect on our financial Statements, except as noted above.

Acquisition of OneWorld Hotel Destination Services, Inc.(OneWorld)

Effective October 31, 2008 the Company acquired all of the outstanding
stock of OneWorld.  The Company has not merged OneWorld's operations
into its own.




<PAGE>30

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE

None

ITEM 9A.  CONTROLS AND PROCEDURES.

Controls and Procedures.

Evaluation of Disclosure Controls and Procedures:

We maintain disclosure controls and procedures, as defined in Rules
13a-15(e) and 15d-15(e) under the Exchange Act that are designed to
insure that information required to be disclosed in the reports we file
or submit under the Exchange Act is recorded, processed, summarized and
reported within the periods specified in the Securities and Exchange
Commission's rules and forms and that such information is accumulated
and communicated to our management, including our Chief Executive
Officer (CEO) and Chief Financial Officer (CFO), or the persons
performing similar functions, to allow timely decisions regarding
required disclosure.

Under the supervision and with the participation of our CEO and CFO, or
the persons performing similar functions, our management has evaluated
the effectiveness of our disclosure controls and procedures as of the
end of the period covered by this annual report. Based on that
evaluation, our CEO and CFO, or the persons performing similar
functions, concluded that our disclosure controls and procedures were
effective as of December 31, 2008.

Management's Annual Report on Internal Control over Financial
Reporting:

Our management is responsible for establishing and maintaining adequate
internal control over financial reporting. Our internal control over
financial reporting is the process designed by and under the
supervision of our CEO and CFO, or the persons performing similar
functions, to provide reasonable assurance regarding the reliability of
our financial reporting and the preparation of our financial statements
for external reporting in accordance with accounting principles
generally accepted in the United States of America.  Management has
evaluated the effectiveness of our internal control over financial
reporting using the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal Control
over Financial Reporting - Guidance for Smaller Public Companies.

Under the supervision and with the participation of our CEO and CFO, or
the persons performing similar functions, our management has assessed
the effectiveness of our internal control over financial reporting as
of December 31, 2008, and concluded that it is effective.

This annual report does not include an attestation report of the
registrant's registered public accounting firm regarding internal
control over financial reporting.  Management's report was not subject

<PAGE>31

to attestation by the registrant's registered public accounting firm
pursuant to temporary rules of the Securities and Exchange Commission
that permit the registrant to provide only management's report in this
annual report.

Evaluation of Changes in Internal Control over Financial Reporting:

Under the supervision and with the participation of our CEO and CFO, or
those persons performing similar functions, our management has
evaluated changes in our internal controls over financial reporting
that occurred during the fourth quarter of 2008.  Based on that
evaluation, our CEO and CFO, or those persons performing similar
functions, did not identify any change in our internal control over
financial reporting that has materially affected, or is reasonably
likely to materially affect, our internal control over financial
reporting.

Important Considerations:

The effectiveness of our disclosure controls and procedures and our
internal control over financial reporting is subject to various
inherent limitations, including cost limitations, judgments used in
decision making, assumptions about the likelihood of future events, the
soundness of our systems, the possibility of human error, and the risk
of fraud. Moreover, projections of any evaluation of effectiveness to
future periods are subject to the risk that controls may become
inadequate because of changes in conditions and the risk that the
degree of compliance with policies or procedures may deteriorate over
time. Because of these limitations, there can be no assurance that any
system of disclosure controls and procedures or internal control over
financial reporting will be successful in preventing all errors or
fraud or in making all material information known in a timely manner to
the appropriate levels of management.

ITEM 9B.  OTHER INFORMATION.

None



<PAGE>32

PART III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

Our bylaws provide that the number of directors who shall constitute
the whole board shall be such number as the board of directors shall at
the time have designated. We confirm that the number of authorized
directors has been set at three (3) pursuant to our bylaws. Each
director shall be selected for a term of one year and until his
successor is elected and qualified. Vacancies are filled by a majority
vote of the remaining directors then in office with the successor
elected for the unexpired term and until the successor is elected and
qualified.

The directors and executive officers are as follows:
<TABLE>
<CAPTION>
NAME                                AGE      POSITIONS HELD          SINCE

                                  <c>          <c>                  <c>

Robin Young                          66      President/Director   Inception to
                                                                    Present

Ben Choi                             54      Treasurer/Director   Inception to
                                                                    Present

Daniel Lo                            43      Secretary/Director   Inception to
                                                                    Present
</TABLE>
Business Experience of Officers and Directors

Robin Young, President and Director, has been the principal of Young
Engineering Corporation, an engineering consultant firm for the
building industry since 1975.  He has also been the president of
Landtek Properties Ltd., a development company since 1994 and Coreng
Construction Corporation, a company providing project and construction
management as well as general contracting from 1976 to 1990.  Mr. Young
was listed in the "Who's Who in British Columbia" and "International
Who's Who of Professionals".  Mr. Young received a bachelor of applied
science degree in civil engineering from the University of British
Columbia in 1963.  He conducted his post-graduate studies both at
McGill University and at Concordia University and received his master's
degree in civil and structural engineering in 1970 from Concordia
University.

Ben Choi, Treasurer and Director is a software development consultant.
From 2001 to present, Mr. Choi has been project manager of NewViews
Health Care Consultants Ltd, a company which develops health care
software programs. He has also been the project leader of developing
Pharmacy Claims Adjudicate Software, a Health Canada, Non-Insurance
Health Benefit Pilot project & Medical Transportation Software for
Alberta Regional Health Department.  Mr. Choi has extensive consulting
experiences in the technology fields including network services,
hardware and software sales and implementation. Mr. Choi received a



<PAGE>33

Bachelor of Science degree from the University of Winnipeg in 1976.  In
1988, he took courses in computer programming and data processing at
the University of Alberta.

Daniel Lo, Secretary and Director has been the president of LCF
Advanced Technology Ltd which is a leading computer hardware solution
company in Western Canada since 1996.  LCF is an Intel Premier Partner
and Microsoft Certified partner. In 1998, Mr. Lo led LCF to become an
ISO 2002 company and upgraded the company into the new ISO 2001:2000
standard in 2003.  The ISO 2001:2000 standard is an international
quality management system which ensures consistency and improvement of
working practices, including the products and services product.  In
1986, Mr. Lo received his business administration degree in finance
from Simon Fraser University, BC.

Section 16(a) Beneficial Ownership Reporting Compliance

Under Section 16(a) of the Securities Exchange Act of 1934, as
amended, an officer, director, or greater-than-10% shareholder of the
registrant must file a Form 4 reporting the acquisition or disposition
of registrant's equity securities with the Securities and Exchange
Commission no later than the end of the second business day after the
day the transaction occurred unless certain exceptions apply.
Transactions not reported on Form 4 must be reported on Form 5 within
45 days after the end of the registrant's fiscal year.  Such persons
must also file initial reports of ownership on Form 3 upon becoming an
officer, director, or greater-than-10% shareholder.  To our knowledge,
based solely on a review of the copies of these reports furnished to
it, the officers, directors, and greater than 10% beneficial owners
complied with all applicable Section 16(a) filing requirements during
2008.

Code of Ethics Policy

The registrant has prepared but has not yet adopted a code of ethics
that applies to our principal executive officer, principal financial
officer, principal accounting officer or controller or persons
performing similar functions.

Corporate Governance.

There have been no changes in any state law or other procedures by
which security holders may recommend nominees to our board of
directors.  In addition to having no nominating committee for this
purpose, we currently have no specific audit committee and no audit
committee financial expert.  Based on the fact that our current
business affairs are simple, any such committees are excessive and
beyond the scope of our business and needs.




<PAGE>34

ITEM 11.  EXECUTIVE COMPENSATION

Since inception in February 2006, we have issued 375,000 shares of the
company securities to each of the president, secretary and treasurer as
compensation for their services performed to and on behalf of the
company.  No executive compensation in cash has been made.  We may
elect to award a cash bonus to key employees, directors, officers and
consultants based on meeting individual and corporate planned
objectives.  We have not entered into any employment agreements with
our officers, however, we estimate that the executive officers will be
paid an annual salary of $84,000 each.

   Option/SAR Grants in the Last Fiscal Year.  There have not been any
options /SAR grants made by Globalink since inception.

   Directors Compensation.  We do not have any standard arrangements by
which directors are compensated for any services provided as a
director.  No cash has been paid to the directors in their capacity as
such.


ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDERS MATTERS

The following table sets forth, as of December 31, 2008, the
number and percentage of outstanding shares of Globalink common
stock owned by (i) each person known to us to beneficially own
more than 5% of its outstanding common stock, (ii) each
director, (iii) each named executive officer, and (iv) all
officers and directors as a group.



<PAGE>35
<TABLE>
Name of Beneficial Owners      Common Stock
                               Beneficially Owned    Percentage(1)

                                <c>                    <c>
Robin Young                     3,750,000                15.13%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4

Ben Choi                        3,750,000                15.13%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4

Daniel Lo                       3,750,000                15.13%
333 - 13988 Cambie Road
Richmond, B.C. Canada V6V 2K4

Directors and Officers,
   as a group(3 persons)        11,250,000                15.13%

Barry Phillips 	                 3,750,000                15.13%
7903 - 93a Ave.
Edmonton, Alberta T6C 1V2

Petula Wong                     3,750,000                15.13%
Rm C 12/F 55 Tong Mi Road
Kowloon, Hong Kong

Vincent Au                      2,000,000                8.07%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4
</TABLE>
(1) Based upon 24,785,000 issued and outstanding as of December 31,
2008.

All the above-named officers and directors would be deemed to be
promoters of Globalink.

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE

Shareholder Advanced.  Advances from shareholders are for the
reimbursement of expenses incurred on behalf of Globalink by Robin
Young and Ben Choi, officers and directors of Globalink and they bear
no interest.  These notes are short term advances which are paid
generally within one year.  The balance at December 31, 2008 is
$30,390.

Director Independence.

The registrant's board of directors consists of Robin Young, Ben Choi and
Daniel Lo.  None of them is independent as such term is defined by a
national securities exchange or an inter-dealer quotation system.  During

<PAGE>36

the fiscal year ended December 31, 2008, there were no transactions with
related persons other than as described in the section above entitled
"Item 11.  Executive Compensation".


ITEM 13.    EXHIBITS

  3.i      Articles of Incorporation incorporated by reference
to Form SB-2, #333-133961 filed May 10, 2006
  3.ii     By-Laws incorporated by reference to Form SB-2,
#333-133961 filed May 10, 2006
  4.i      Form of Specimen of common stock incorporated by
reference to Form SB-2, #333-133961 filed May 10, 2006


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees.   We incurred aggregate fees and expenses of $15,000 and
$1,750 from Thomas J. Harris, CPA, respectfully for the 2008 and 2007
fiscal years.  Such fees included work completed for our annual audit
and for the review of our financial statements included in our Forms
10-K and 10-QSB.

Tax Fees.   We did not incur any aggregate tax fees and expenses from
Thomas J. Harris, CPA for the 2008 and 2007 fiscal years for
professional services rendered for tax compliance, tax advice, and tax
planning.

All Other Fees.   We incurred audit related fees of $0 and $0 from
Thomas J. Harris, CPA during fiscal 2008 and 2007.  The Board of
Directors, acting as the Audit Committee considered whether, and
determined that, the auditor's provision of non-audit services was
compatible with maintaining the auditor's independence.  All of the
services described above for fiscal years 2008 and 2007 were approved
by the Board of Directors pursuant to its policies and procedures.  We
intend to continue using Thomas J. Harris, CPA solely for audit and
audit-related services, tax consultation and tax compliance services,
and, as needed, for due diligence in acquisitions.




<PAGE>37

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, Globalink has duly caused this Report
to be signed on its behalf by the undersigned duly authorized person.
Globalink.

Dated: April 15, 2009

/s/Robin Young
------------------------------
By: Robin Young, President/CEO

In accordance with the requirements of the Securities Exchange
Act of 1934, as amendment, this report has been signed by the
following persons in the capacities and on the dates stated.

Globalink, Inc.
(Registrant)

By: /s/Robin Young                      Dated: April 15, 2009
    ----------------------
    Robin Young

Director, Chief Executive Officer
(As a duly authorized officer on behalf of the Registrant and
as Principal Executive Officer)

By: /s/Ben Choi                        Dated: April 15, 2009
    ----------------------
    Ben Choi
Chief Financial Officer, Controller and Director


By: /s/Daniel Lo                        Dated: April 15, 2009
    ----------------------
    Daniel Lo
    Director