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

                                    FORM 10-Q
(Mark One)

(X)  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 for the Quarterly Period Ended:
                               SEPTEMBER 30, 2001
                                       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 0-24792

                               NTL (TRIANGLE) LLC
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Delaware                                             13-4086747
--------------------------------------------------------------------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                              Identification No.)

                              110 East 59th Street
                               New York, NY 10022
                                 (212) 906-8440
--------------------------------------------------------------------------------
               (Address, including zip code, and telephone number,
                      including area code, of Registrant's
                          principal executive offices)
                           __________________________

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  twelve months (or for such shorter period that the registrant was
required to file such  reports),  and (2) has been subject to such  requirements
for the past 90 days.

           Yes   X                                        No
                ---                                         ---

                           __________________________

As of September 30, 2001, there were 800,000 shares of the  Registrant's  common
membership interests  outstanding.  The Registrant is an indirect,  wholly owned
subsidiary  of NTL  Incorporated  and  there is no market  for the  Registrant's
Common  Stock.  The  Registrant  meets  the  conditions  set  forth  in  General
Instruction  H(1)(a) and (b) of Form 10-Q and is therefore filing this form with
the reduced disclosure format.

<PAGE>

                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

                                TABLE OF CONTENTS
                                                                           Page
                                                                          Number
                                                                          ------
PART I.  FINANCIAL INFORMATION
-------  ----------------------

         Item 1.  Financial Statements

                 Condensed Consolidated Balance Sheets as of
                 September 30, 2001 (Unaudited) and December 31, 2000..........2

                 Condensed Consolidated Statements of Operations
                 for the Nine and Three Months Ended September 30, 2001
                 and 2000 (Unaudited)..........................................3

                 Condensed Consolidated Statement of Shareholder's Equity
                 for the Nine Months Ended September 30, 2001 (Unaudited)......4

                 Condensed Consolidated Statements of Cash Flows for
                 the Nine Months Ended September 30, 2001 and 2000
                 (Unaudited)...................................................5

                 Notes to Condensed Consolidated Financial Statements
                 (Unaudited)...............................................6 - 8

         Item 2. Management's Discussion and Analysis of
                 Financial Condition and Results of Operations............9 - 12

PART II. OTHER INFORMATION
-------- -----------------

         Item 6. Exhibits and Reports on Form 8-K.............................13

         SIGNATURES...........................................................14


<PAGE>
<TABLE>
<CAPTION>
                                          NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                       FORM 10-Q
                                            QUARTER ENDED SEPTEMBER 30, 2001

PART I.    FINANCIAL INFORMATION
-------    ---------------------
ITEM 1.    FINANCIAL STATEMENTS
-------    --------------------
                                          CONDENSED CONSOLIDATED BALANCE SHEETS
                                          -------------------------------------

                                                                                September 30,            December 31,
                                                                                     2001                   2000
                                                                              -----------------      -----------------
                                                                                  (Unaudited)            (See Note)
                                                                               (in (UK Pound)000's, except share data)
<S>                                                                            <C>                     <C>
Assets

Current assets
   Cash and cash equivalents................................................   (UK Pound)13,359        (UK Pound)4,706
   Accounts receivable, less allowance for doubtful accounts of
     (UK Pound)10,136 (2001) and (UK Pound)8,914 (2000).....................             21,855                 18,933
   Other current assets.....................................................              5,929                 13,850
                                                                              -----------------      -----------------
       Total current assets.................................................             41,143                 37,489

Property and equipment, net.................................................            473,403                466,157
Intangible assets, net......................................................            363,396                395,683
Other assets, net...........................................................              6,961                 21,276
                                                                              -----------------      -----------------
                                                                              (UK Pound)884,903      (UK Pound)920,605
                                                                              =================      =================

Liabilities and shareholder's equity

Current liabilities
   Accounts payable and accrued expenses....................................   (UK Pound)53,554       (UK Pound)53,268
   Interest payable.........................................................             14,790                  4,883
   Deferred revenue.........................................................             10,803                 14,928
   Due to affiliates........................................................                103                 24,316
   Current portion of long-term debt........................................                867                    662
                                                                              -----------------      -----------------
     Total current liabilities..............................................             80,117                 98,057

Loans from affiliate........................................................             58,194                 25,549

Long-term debt, less current portion........................................            354,500                348,761

Commitments and contingent liabilities

Deferred income taxes.......................................................              8,599                  8,611

Shareholder's equity:
   Common membership interests, (UK Pound).01 par value - authorized and
issued
     800,000 shares.........................................................                  8                      8
   Additional capital.......................................................            444,293                394,107
   Accumulated other comprehensive income...................................                207                    746
   (Accumulated deficit) retained earnings..................................            (61,015)                44,766
                                                                              -----------------      -----------------
     Total shareholder's equity.............................................            383,493                439,627
                                                                              -----------------      -----------------
                                                                              (UK Pound)884,903      (UK Pound)920,605
                                                                              =================      =================

Note: The balance sheet at December 31, 2000 has been derived from the audited financial statements at that date.

See accompanying notes.

                                                           2
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                         NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                      FORM 10-Q
                                          QUARTER ENDED SEPTEMBER 30, 2001
                                   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   -----------------------------------------------
                                                     (Unaudited)

                                            Nine Months Ended                         Three Months Ended
                                               September 30,                               September 30,
                                       2001                   2000                  2001                 2000
                                 ------------------   -------------------    -----------------   ------------------
                                                                 (in (UK Pound)000's)
<S>                              <C>                    <C>                   <C>                  <C>
Revenue......................... (UK Pound)131,651      (UK Pound)117,291     (UK Pound)43,949     (UK Pound)39,679
                                 ------------------   -------------------    -----------------   ------------------

Costs and expenses
   Operating....................            60,490                 51,128               18,397               20,659
   Selling, general and                     61,029                 50,366               21,482               20,277
     administrative.............
   Other charges................               833                      -                  833                    -
   Depreciation and amortization            76,952                 62,692               25,362               22,600
                                 ------------------   -------------------    -----------------   ------------------
                                           199,304                164,186               66,074               63,536
                                 ------------------   -------------------    -----------------   ------------------

Operating loss..................           (67,653)               (46,895)             (22,125)             (23,857)

Other income (expense)
   Interest expense.............           (30,162)               (26,271)             (10,072)              (9,294)
   Interest expense to affiliate            (2,029)                     -                 (808)                   -
   Investment income............               177                  1,234                   29                  436
   Exchange gains (losses)......            (6,080)               (31,444)              16,076               (8,978)
                                 ------------------   -------------------    -----------------   ------------------
                                           (38,094)               (56,481)               5,225              (17,836)
                                 ------------------   -------------------    -----------------   ------------------

Loss before income taxes........          (105,747)              (103,376)             (16,900)             (41,693)
Income tax (expense) benefit....               (34)                   600                    -                  525
                                 ------------------   -------------------    -----------------   ------------------

Net loss........................ (UK Pound)(105,781)   (UK Pound)(102,776)   (UK Pound)(16,900)   (UK Pound)(41,168)
                                 ==================   ===================    =================   ==================


See accompanying notes.

                                                         3
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                                 NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                              FORM 10-Q
                                                  QUARTER ENDED SEPTEMBER 30, 2001
                                      CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDER'S EQUITY
                                      --------------------------------------------------------
                                                             (Unaudited)
                                                             (in 000's)

                                                                                                  Retained
                                                                                  Accumulated     Earnings
                                                                  Compre-        Other Compre-     (Accum-
                             Common           Additional          hensive          hensive         ulated
                         Shares    Par          Capital            Loss          Income (Loss)     Deficit)           Total
                         ------ ---------  -----------------  ----------------   -------------  --------------    -----------------
<S>                        <C> <C>         <C>               <C>                 <C>           <C>                <C>
Balance at December 31,
  2000..................   800 (UK Pound)8 (UK Pound)394,107                     (UK Pound)746  (UK Pound)44,766  (UK Pound)439,627
  Contribution from NTL
    Group Ltd...........                              50,186                                                                 50,186
  Net loss..............                                     (UK Pound)(105,781)                        (105,781)          (105,781)
  Currency translation
    adjustment..........                                                   (539)          (539)                                (539)
                                                             ------------------
  Comprehensive loss....                                     (UK Pound)(106,320)
                          ---- ----------- ----------------- ------------------  ------------- -----------------  -----------------
Balance at September 30,
  2001..................   800 (UK Pound)8 (UK Pound)444,293                     (UK Pound)207 (UK Pound)(61,015) (UK Pound)383,493
                          ==== =========== =================                     ============= =================  =================


See accompanying notes.

                                                                 4
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                                     NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                  FORM 10-Q
                                       QUARTER ENDED SEPTEMBER 30, 2001
                               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                               -----------------------------------------------
                                                 (Unaudited)

                                                                              Nine Months Ended
                                                                                September 30,
                                                                        2001                      2000
                                                                  -----------------         ----------------
                                                                             (in (UK Pound)000's)

<S>                                                               <C>                       <C>
Net cash (used in) provided by operating activities.............. (UK Pound)(20,707)        (UK Pound)41,399
                                                                  -----------------         ----------------

Investing activities
   Purchases of marketable securities............................                 -                   (2,166)
   Proceeds from sales of marketable securities..................                 -                    2,199
   Capital expenditures..........................................           (53,810)                 (70,514)
                                                                  -----------------         ----------------

         Net cash used in investing activities...................           (53,810)                 (70,481)
                                                                  -----------------         ----------------

Financing activities
   Proceeds from investment in subsidiary........................                 -                   15,560
   Loans from affiliate..........................................            33,327                        -
   Contribution from NTL Group Limited...........................            50,186                        -
   Principal payments............................................              (337)                  (1,223)
                                                                  -----------------         ----------------

         Net cash provided by financing activities...............            83,176                   14,337
                                                                  -----------------         ----------------

         Effect of exchange rate changes on cash.................                (6)                    (386)
                                                                  -----------------         ----------------

Increase (decrease) in cash and cash equivalents.................             8,653                  (15,131)

Cash and cash equivalents, beginning of period...................             4,706                   27,895
                                                                  -----------------         ----------------

Cash and cash equivalents, end of period.........................  (UK Pound)13,359         (UK Pound)12,764
                                                                  =================         ================

Supplemental disclosure of cash flow information
   Cash paid during the period for interest......................  (UK Pound)20,456            (UK Pound)177



See accompanying notes.

                                                      5
</TABLE>

<PAGE>

                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

1.   Basis of Presentation

     The accompanying  unaudited condensed  consolidated financial statements of
     NTL (Triangle) LLC (formerly NTL (Bermuda)  Limited) (the  "Company")  have
     been  prepared  in  accordance  with  U.S.  generally  accepted  accounting
     principles for interim  financial  information and with the instructions to
     Form  10-Q  and Rule  10-01 of  Regulation  S-X.  Accordingly,  they do not
     include all of the information and footnotes required by generally accepted
     accounting principles for complete financial statements.  In the opinion of
     management,  all  adjustments  (consisting  of normal  recurring  accruals)
     considered necessary for a fair presentation have been included.  Operating
     results  for the nine and three  months  ended  September  30, 2001 are not
     necessarily  indicative  of the results  that may be expected  for the year
     ending   December  31,  2001.  For  further   information,   refer  to  the
     consolidated  financial  statements and footnotes  thereto  included in the
     Company's Annual Report on Form 10-K for the year ended December 31, 2000.

     The Company is an indirect,  wholly-owned  subsidiary  of NTL  Incorporated
     ("NTL").

     Certain  prior  period  amounts  have been  reclassified  to conform to the
     current presentation.

     In June 2001, the Financial  Accounting Standards Board issued Statement of
     Financial Accounting  Standards ("SFAS") No. 141, "Business  Combinations,"
     and No. 142, "Goodwill and Other Intangible  Assets." SFAS No. 141 requires
     that  the  purchase   method  of   accounting  be  used  for  all  business
     combinations  initiated  after  June  30,  2001.  SFAS  No.  142  ends  the
     amortization of goodwill and indefinite-lived  intangible assets.  Instead,
     these assets must be reviewed  annually (or more  frequently  under certain
     conditions)  for  impairment  in  accordance  with  this  statement.   This
     impairment  test uses a fair value  approach  rather than the  undiscounted
     cash flow approach previously required by SFAS No. 121, "Accounting for the
     Impairment of Long-Lived  Assets and for  Long-Lived  Assets to Be Disposed
     Of." Intangible  assets that do not have indefinite  lives will continue to
     be  amortized  over their  useful  lives and  reviewed  for  impairment  in
     accordance with SFAS No. 121. The Company is required to adopt SFAS No. 142
     as of January 1, 2002.  The  Company has not yet  completed  an analysis of
     whether  goodwill may be impaired under SFAS No. 142; this analysis will be
     completed  during  the first  six  months  of 2002 in  accordance  with the
     transition  provisions of SFAS No. 142. The Company  expects to complete an
     analysis for the fourth  quarter of 2001 to determine  whether  goodwill is
     impaired under SFAS No. 121. The magnitude of an impairment charge, if any,
     under either accounting standard cannot be determined at this time.

2.   Comprehensive Loss

     The Company's  comprehensive  loss for the nine months ended  September 30,
     2001 and 2000 was (UK  Pound)106.3  million  and (UK  Pound)104.1  million,
     respectively.  The Company's  comprehensive loss for the three months ended
     September  30,  2001  and  2000  was  $16.0  million  and  $42.7   million,
     respectively.

3.   Restructuring Costs

     Other  charges  in 2001 are for  restructuring  costs of (UK  Pound)833,000
     incurred  by  NTL  Communications  (Ireland)  Limited  (formerly  Cablelink
     Limited), a wholly-owned  subsidiary of the Company.  This charge consisted
     of  employee  severance  and  related  costs  of (UK  Pound)143,000  for 10
     employees who were terminated,  and lease exit costs of (UK  Pound)690,000.
     As of September 30, 2001, (UK  Pound)79,000  of the provision had been used
     for employee  severance  and related  costs.  The  remaining  restructuring
     reserve  of  (UK  Pound)754,000  includes  (UK  Pound)64,000  for  employee
     severance and related costs and (UK Pound)690,000 for lease exit costs.

     The Company  recorded  restructuring  costs in November 2000 as a result of
     the completion of a consolidation review. This charge consisted of employee
     severance and related costs of (UK Pound)5.6  million for approximately 470
     employees to be terminated  and lease exit costs of (UK Pound)2.9  million.
     As of September 30, 2001, (UK  Pound)880,000 of the provision had been used
     for employee severance and related costs and approximately 90 employees had
     been  terminated.  The  remaining  restructuring  reserve of (UK  Pound)7.7
     million includes (UK Pound)4.8 million for employees  severance and related
     costs and (UK Pound)2.9 million for lease exit costs.

                                       6
<PAGE>

                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
                                   (Unaudited)

4.   Property and Equipment

     Property and equipment consist of (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                      September 30,                December 31,
                                                                          2001                         2000
                                                                  -------------------          -------------------
                                                                        (Unaudited)
<S>                                                                 <C>                          <C>
     Operating equipment..................................          (UK Pound)519,829            (UK Pound)498,922
     Other equipment......................................                     60,925                       57,125
     Construction in progress.............................                     78,251                       51,652
                                                                  -------------------          -------------------
                                                                              659,005                      607,699
     Accumulated depreciation.............................                   (185,602)                    (141,542)
                                                                  -------------------          -------------------
                                                                    (UK Pound)473,403            (UK Pound)466,157
                                                                  ===================          ===================
</TABLE>

5.   Intangible Assets

     Intangible assets consist of (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                    September 30,         December 31,
                                                                         2001                 2000
                                                                 ------------------  ------------------
                                                                     (Unaudited)
<S>                                                               <C>                 <C>
      Goodwill, net of accumulated amortization of
          (UK Pound)52,456 (2001) and (UK Pound)34,955 (2000)..   (UK Pound)297,452   (UK Pound)314,953
      License acquisition costs, net of accumulated
          amortization of (UK Pound)16,230 (2001)
          and (UK Pound)10,820 (2000)..........................              19,838              25,248
      Customer lists, net of accumulated amortization of
          (UK Pound)13,498 (2001) and (UK Pound)8,365 (2000)...              18,824              23,957
      Other, net of accumulated amortization of (UK
          Pound)31,081 (2001) (UK Pound)26,838 (2000)..........              27,282              31,525
                                                                 ------------------  ------------------
                                                                  (UK Pound)363,396   (UK Pound)395,683
                                                                 ==================  ==================
</TABLE>

6.   Joint Purchasing Alliance Agreement

     As of September  30, 2001 and December  31,  2000,  other assets  include a
     receivable  for a  deposit  of (UK  Pound)7.0  million  and (UK  Pound)21.3
     million,  respectively,  which will be  utilized  under a Joint  Purchasing
     Alliance  Agreement  entered into between  subsidiaries  of the Company and
     Diamond  Cable  Communications  Limited,  a subsidiary of NTL, for combined
     fixed asset  purchases.  The Company's  original deposit was (UK Pound)51.9
     million in March 1999.

                                       7
<PAGE>

                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONCLUDED
                                   (Unaudited)


7.   Related Party Transactions

     In October 2000, NTL  Communications  (Ireland) Limited entered into a loan
     agreement  with  a  subsidiary  of  NTL  to  provide  funding  of up to (IR
     Pound)300.0  million ((UK  Pound)235.9  million),  of which (IR  Pound)74.0
     million ((UK Pound)58.2 million) and (IR Pound)32.0 million ((UK Pound)25.5
     million)  had been  borrowed at  September  30, 2001 and December 31, 2000,
     respectively.  The outstanding borrowings are due in October 2007. Interest
     is payable  quarterly in arrears from March 31, 2001.  The annual  interest
     rate is set on January 1 of each year at the 12-month EURIBOR rate plus 1%.
     The  effective  interest  rate at  September  30,  2001 was 5.69%.  Accrued
     interest of (IR Pound)1.0 million ((UK Pound)801,000) and (IR Pound)257,000
     ((UK  Pound)205,000)  was included in due to affiliates in the consolidated
     balance sheet at September 30, 2001 and December 31, 2000, respectively.

     Since the  acquisition  of the Company by NTL in October 1998, a subsidiary
     of NTL has been  providing  services to and assets for use by the  Company.
     This subsidiary has been charging the Company for these services and assets
     since the fourth  quarter  of 1999.  The scope of the  services  and assets
     provided has increased as the Company has become  further  integrated  with
     NTL and  consequently  these charges have  increasingly  comprised a larger
     portion  of  Company's  costs.  These  charges  are made by the  subsidiary
     primarily in respect of:

     a)   the provision of corporate services,  including finance, legal, HR and
          facility services,
     b)   the  provision by the  subsidiary of IT services and the Company's use
          of the related IT equipment, and
     c)   the use of the national  backbone  telephony network of the subsidiary
          for  carriage  of the  Company's  telephony  traffic,  as  well as the
          provision of the technical infrastructure and network capacity for the
          Company's subscription free Internet service.

     The charges are made on the basis of  allocation  formulae  appropriate  to
     each category of charge.  For the nine months ended  September 30, 2001 and
     2000 the  Company was charged  (UK  Pound)39.8  million and (UK  Pound)16.6
     million,  respectively.  For the 2001  amount,  (UK  Pound)9.9  million was
     included in  operating  costs and (UK  Pound)29.9  million was  included in
     selling,  general and  administrative  expense.  For the 2000  amount,  (UK
     Pound)1.3  million  was  included  in  operating  costs and (UK  Pound)15.3
     million was included in selling,  general and administrative expense. It is
     not  practicable to determine the amounts of these expenses that would have
     been incurred had the Company  operated as an unaffiliated  entity.  In the
     opinion of the  management  of the  Company,  these  payments  are fair and
     reasonable to the Company.

     In the third  quarter of 2001,  the Company  used cash  contributed  by its
     parent, which increased shareholder's equity, to repay primarily all of the
     due to affiliates balance.

8.   Stock Options

     In September  2000, the NTL Board of Directors  approved  modifications  to
     certain stock options granted to NTL employees in November 1999 through May
     2000. Options to purchase an aggregate of approximately 16.5 million shares
     of NTL common stock with a weighted  average  exercise  price of $64.39 per
     share were modified such that the exercise  price was reduced to $44.50 per
     share and the  vesting  schedule  was  delayed  and/or  lengthened.  NTL is
     accounting  for these  options as a variable  plan  beginning  in September
     2000. The Company will recognize its share of non-cash compensation expense
     for the difference  between the quoted market price of the common stock and
     the  exercise  price  of  the  vested  options  while  the  options  remain
     outstanding.  The NTL  Compensation  Committee  has  taken  this  action to
     continue  to  provide  the  appropriate  performance  incentives  to  those
     affected.

9.   Contingencies

     The Company is involved in legal  proceedings and claims which arise in the
     ordinary course of its business.  In the opinion of management,  the amount
     of ultimate  liability  with respect to these  actions will not  materially
     affect the  financial  position,  results of operations or liquidity of the
     Company.

                                       8
<PAGE>

                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
------- ------------------------------------------------------------------------
        OF OPERATIONS
        -------------

Overview
--------

NTL (Triangle) LLC (the  "Company") is a holding  company which holds all of the
shares  of  various   companies   principally   engaged   in  the   development,
construction,  management and operation of broadband communications networks for
telephone,  cable television and Internet  services in the United Kingdom ("UK")
and Ireland.  The Company owns the companies that have franchises for Darlington
and  Teesside  (collectively,  "Teesside")  and  Cambridge  in the  UK,  and NTL
Communications  (Ireland) Limited (formerly  Cablelink  Limited)  ("Cablelink"),
which owns the companies that provide services in Dublin,  Galway and Waterford,
Ireland.

Liquidity and Capital Resources
-------------------------------

In November 1995, the Company issued $517.3 million principal amount at maturity
of 11.20% Senior Discount Debentures due 2007 (the "2007 Discount  Debentures").
The carrying value of the 2007 Discount  Debentures was (UK Pound)352.1  million
and (UK  Pound)345.9  million at  September  30,  2001 and  December  31,  2000,
respectively.  Interest  accreted on the 2007 Discount  Debentures at 11.20% per
annum compounded semiannually from November 15, 1995 to November 15, 2000, after
which  date  interest  became  payable  in cash on each May 15 and  November  15
through  November 15, 2007.  The 2007 Discount  Debentures  contain  restrictive
covenants which limit the Company's ability to pay dividends.

The  Company  currently  estimates  that  it  will  require   approximately  (UK
Pound)60.0  million from October 1, 2001 through  September 30, 2002 for capital
expenditures and debt service,  net of cash from operations.  Management expects
that the (UK  Pound)60.0  million  required will be funded through cash on hand,
debt or  equity  from NTL or its  subsidiaries  and from  the  Joint  Purchasing
Alliance Agreement deposit of (UK Pound)7.0 million. Subsidiaries of the Company
and Diamond Cable Communications Limited, a subsidiary of NTL, entered into this
agreement in 1999 for joint fixed asset purchases. The Company's ability to meet
its long-term  liquidity and capital  requirements is contingent upon Cambridge,
Teesside and Cablelink's  ability to generate positive  operating cash flow, or,
if necessary,  to obtain external financing,  although there can be no assurance
that any such financing will be obtained on acceptable terms and conditions.

In October 2000,  Cablelink  entered into a loan  agreement with a subsidiary of
NTL  to  provide  funding  of up to (IR  Pound)300.0  million  ((UK  Pound)235.9
million),  of which (IR  Pound)74.0  million  ((UK  Pound)58.2  million) and (IR
Pound)32.0  million ((UK Pound)25.5  million) had been borrowed at September 30,
2001 and December 31, 2000, respectively.  The outstanding borrowings are due in
October 2007.  Interest is payable quarterly in arrears from March 31, 2001. The
annual  interest  rate is set on January 1 of each year at the 12-month  EURIBOR
plus 1%. The effective  interest  rate at September 30, 2001 was 5.69%.  Accrued
interest of (IR Pound)1.0 million ((UK Pound)801,000) and (IR Pound)257,000 ((UK
Pound)205,000)  was included in due to  affiliates in the  consolidated  balance
sheet at September 30, 2001 and December 31, 2000, respectively.

Condensed Consolidated Statements of Cash Flows
-----------------------------------------------

Net cash (used in) provided by operating activities amounted to (UK Pound)(20.7)
million and (UK Pound)41.4  million for the nine months ended September 30, 2001
and  2000,  respectively.  The  decrease  in  net  cash  provided  by  operating
activities  is primarily  due to the increase in cash paid during the period for
interest  and  changes in working  capital as a result of the timing of receipts
and disbursements.

Net cash used in investing  activities amounted to (UK Pound)(53.8)  million and
(UK  Pound)70.5  million for the nine months ended  September 30, 2001 and 2000,
respectively.  During the nine months ended September 30, 2001, net cash used in
investing activities was entirely used for capital expenditures.


                                       9
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

Net cash provided by financing activities amounted to (UK Pound)83.2 million and
(UK  Pound)14.3  million for the nine months ended  September 30, 2001 and 2000,
respectively. During the nine months ended September 30, 2001, net cash provided
by financing  activities  includes (UK  Pound)33.3  million in cash  received by
Cablelink from a subsidiary of NTL and  contributions  from NTL Group Limited of
(UK Pound)50.2  million.  Net cash provided by financing  activities in the nine
months ended September 30, 2000 included (UK Pound)15.6 million in cash received
by Cablelink from a subsidiary of NTL.

Results of Operations
---------------------

Consolidated financial information for the Company for the nine and three months
ended  September  30,  2001 and 2000 is as  follows  (in (UK  Pound)000's,  "NM"
denotes percentage is not meaningful):

<TABLE>
<CAPTION>
                                                        Nine Months Ended
                                                          September 30,                      Increase/(Decrease)
                                                     2001                 2000              (UK Pound)           %
                                             --------------------- -------------------  -------------------   --------
<S>                                            <C>                 <C>                   <C>                   <C>
Revenues....................................    (UK Pound)131,651   (UK Pound)117,291     (UK Pound)14,360       12.2%
Operating, selling, general and
administrative expenses.....................              121,519             101,494               20,025       19.7
Other charges...............................                  833                   -                  833         NM
Depreciation and amortization...............               76,952              62,692               14,260       22.7
                                              -------------------  ------------------
Operating loss..............................              (67,653)            (46,895)              20,758       44.3
                                              -------------------  ------------------
Interest expense............................               30,162              26,271                3,891       14.8
Interest expense to affiliate...............                2,029                   -                2,029         NM
Investment income...........................                 (177)             (1,234)              (1,057)     (85.7)
Exchange losses.............................                6,080              31,444              (25,364)     (80.7)
                                              -------------------  ------------------
Loss before income taxes....................             (105,747)           (103,376)               2,371        2.3
Income tax (expense) benefit................                  (34)                600                 (634)    (105.7)
                                              -------------------  ------------------
Net loss....................................   (UK Pound)(105,781) (UK Pound)(102,776)               3,005        2.9
                                              ===================  ==================
</TABLE>

<TABLE>
<CAPTION>
                                                        Three Months Ended
                                                          September 30,                      Increase/(Decrease)
                                                     2001                 2000              (UK Pound)           %
                                             --------------------- -------------------  -------------------   --------
<S>                                            <C>                 <C>                   <C>                  <C>
Revenues....................................     (UK Pound)43,949    (UK Pound)39,679      (UK Pound)4,270       10.8%
Operating, selling, general and
administrative expenses.....................               39,879              40,936               (1,057)      (2.6)
Other charges...............................                  833                   -                  833         NM
Depreciation and amortization...............               25,362              22,600                2,762       12.2
                                              -------------------  ------------------
Operating loss..............................              (22,125)            (23,857)              (1,732)      (7.3)
                                              -------------------  ------------------
Interest expense............................               10,072               9,294                  778        8.4
Interest expense to affiliate...............                  808                   -                  808         NM
Investment income...........................                  (29)               (436)                (407)     (93.3)
Exchange (gains) losses.....................              (16,076)              8,978               25,054      279.1
                                              -------------------  ------------------
Loss before income taxes....................              (16,900)            (41,693)             (24,793)     (59.5)
Income tax benefit..........................                    -                 525                 (525)    (100.0)
                                              -------------------  ------------------
Net loss....................................    (UK Pound)(16,900)  (UK Pound)(41,168)             (24,268)     (58.9%)
                                              ===================  ==================
</TABLE>

For the nine and three months ended September 30, 2000,  certain costs have been
reclassified  from  selling,  general and  administrative  expenses to operating
costs to conform to the 2001 classification.

Revenue was (UK Pound)131.7  million,  (UK Pound)43.9  million,  (UK Pound)117.3
million and (UK Pound)39.7 million for the nine and three months ended September
30, 2001 and 2000,  respectively.  Revenue increased (UK Pound)14.4  million and
(UK  Pound)4.2  million in the nine and three months ended  September  30, 2001,
respectively,  as  compared  to the same  periods in 2000,  as a result of price
increases,  upselling new services to customers and from growth in the Company's
customer base.  Revenue increases in the future

                                       10

<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

are also  expected to be  achieved by  providing  new  services  such as digital
television, cable modem and mobile telephone services.

Operating  costs  (including  network  costs) were (UK Pound)60.5  million,  (UK
Pound)18.4  million,  (UK Pound)51.1  million and (UK Pound)20.7 million for the
nine and three months ended September 30, 2001 and 2000, respectively. Operating
costs  increased  (UK Pound)9.4  million in the nine months ended  September 30,
2001 as compared  to the same  period in 2000.  Operating  costs  decreased  (UK
Pound)2.3  million in the three months ended  September  30, 2001 as compared to
the same period in 2000.  The increase in the nine month period is the result of
increases in  interconnection  and  programming  costs due to usage and customer
growth.  The decrease in the three month period  reflects  cost savings  efforts
such as fault reduction and increased field force effectiveness. Operating costs
include  certain  costs which are charged by a subsidiary  of NTL for the use of
the national  backbone  telephony  network of the subsidiary for carriage of the
Company's  telephony  traffic,  as  well  as  the  provision  of  the  technical
infrastructure and network capacity for the Company's subscription free Internet
service.  In the nine and three month periods ended September 30, 2001 and 2000,
these charges were (UK Pound)9.9 million,  (UK Pound)2.6 million,  (UK Pound)1.3
million and (UK  Pound)764,000,  respectively.  The increase in these charges is
primarily due to the ongoing operating  integration of the Company with the rest
of NTL, as well as the introduction of the Internet service.

Selling,  general and administrative  expense were (UK Pound)61.0  million,  (UK
Pound)21.5  million,  (UK Pound)50.4  million and (UK Pound)20.3 million for the
nine and three months ended September 30, 2001 and 2000, respectively.  Selling,
general and administrative expense includes certain costs which are charged by a
subsidiary of NTL for the provision of corporate  services,  including  finance,
legal, HR and facility services, and for the provision of IT services, including
the Company's use of the related IT equipment. These charges were (UK Pound)29.9
million, (UK Pound)9.9 million, (UK Pound)15.3 million and (UK Pound)9.3 million
for the nine and three months ended  September 30, 2001 and 2000,  respectively.
The  increase  in  these  charges  is  primarily  due to the  ongoing  operating
integration of the Company with the rest of NTL.

Other charges in 2001 are for restructuring costs of (UK Pound)833,000  incurred
by Cablelink.  This charge consisted of employee  severance and related costs of
(UK Pound)143,000 for 10 employees who were terminated,  and lease exit costs of
(UK  Pound)690,000.  As of September 30, 2001, (UK Pound)79,000 of the provision
had  been  used  for  employee   severance  and  related  costs.  The  remaining
restructuring  reserve  of  (UK  Pound)754,000  includes  (UK  Pound)64,000  for
employee severance and related costs and (UK Pound)690,000 for lease exit costs.

Interest  expense  was (UK  Pound)30.2  million,  (UK  Pound)10.1  million,  (UK
Pound)26.3 million and (UK Pound)9.3 million for the nine and three months ended
September  30,  2001  and  2000,  respectively,  representing  increases  of (UK
Pound)3.9 million and (UK Pound)778,000 as compared to the same periods in 2000.
The increases are primarily  attributable  to the compounding of interest on the
2007 Discount Debentures.

In October 2000,  Cablelink  entered into a loan  agreement with a subsidiary of
NTL  to  provide  funding  of up to (IR  Pound)300.0  million  ((UK  Pound)235.9
million),  of which (IR  Pound)74.0  million ((UK  Pound)58.2  million) had been
borrowed at September 30, 2001.  Interest expense to affiliate was (UK Pound)2.0
million and (UK  Pound)808,000 for the nine and three months ended September 30,
2001, respectively.

Investment income was (UK Pound)177,000, (UK Pound)29,000, (UK Pound)1.2 million
and (UK Pound)436,000 for the nine and three months ended September 30, 2001 and
2000,  respectively,  representing  decreases of (UK  Pound)1.1  million and (UK
Pound)407,000  as  compared  to the same  periods  in 2000.  The  decreases  are
primarily  attributable to decreases in the average cash balances  available for
investment in 2001 as compared to the same periods in 2000.

Exchange gains (losses) were (UK Pound)(6.1)  million,  (UK Pound)16.1  million,
(UK  Pound)(31.4)  million  and (UK  Pound)(9.0)  million for the nine and three
months ended September 30, 2001 and 2000,  respectively,  representing  gains of
(UK  Pound)25.3  million  and (UK  Pound)25.1  million as  compared  to the same
periods in 2000. The gains are primarily  attributable  to  fluctuations  in the
valuation of the UK Pound  Sterling on the 2007 Discount  Debentures,  which are
denominated in US dollars.  The Company's results of operations will continue to
be affected by exchange rate fluctuations.

The Company  recorded  restructuring  costs in November  2000 as a result of the
completion  of  a  consolidation  review.  This  charge  consisted  of  employee
severance  and related  costs of (UK  Pound)5.6  million for  approximately  470
employees to be terminated and lease exit costs of (UK Pound)2.9 million.  As of
September  30,  2001,  (UK  Pound)880,000  of the  provision  had been  used for
employee  severance  and related costs and  approximately  90 employees had been
terminated.  The  remaining  restructuring  reserve  of  (UK  Pound)7.7  million
includes (UK Pound)4.8 million for employees severance and related costs and (UK
Pound)2.9 million for lease exit costs.

                                       11
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

In September 2000, the NTL Board of Directors approved  modifications to certain
stock  options  granted to NTL  employees  in  November  1999  through May 2000.
Options to purchase an aggregate  of  approximately  16.5 million  shares of NTL
common  stock with a weighted  average  exercise  price of $64.39 per share were
modified  such that the  exercise  price was reduced to $44.50 per share and the
vesting  schedule was delayed  and/or  lengthened.  NTL is accounting  for these
options as a variable  plan  beginning  in  September  2000.  The  Company  will
recognize its share of non-cash  compensation expense for the difference between
the quoted market price of the common stock and the exercise price of the vested
options while the options remain outstanding. The NTL Compensation Committee has
taken this action to continue to provide the appropriate  performance incentives
to those affected.

Recent Accounting Pronouncements
--------------------------------

In June 2001,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial  Accounting  Standards ("SFAS") No. 141, "Business  Combinations," and
No. 142, "Goodwill and Other Intangible  Assets." SFAS No. 141 requires that the
purchase  method of accounting be used for all business  combinations  initiated
after  June 30,  2001.  SFAS  No.  142 ends the  amortization  of  goodwill  and
indefinite-lived  intangible  assets.  Instead,  these  assets  must be reviewed
annually  (or more  frequently  under  certain  conditions)  for  impairment  in
accordance with this statement.  This impairment test uses a fair value approach
rather than the undiscounted cash flow approach  previously required by SFAS No.
121.  "Accounting  for the  Impairment of Long-Lived  Assets and for  Long-Lived
Assets to Be Disposed Of." Intangible  assets that do not have indefinite  lives
will  continue  to be  amortized  over  their  useful  lives  and  reviewed  for
impairment  in  accordance  with SFAS No. 121.  The Company is required to adopt
SFAS No. 142 as of  January  1,  2002.  The  Company  has not yet  completed  an
analysis of whether  goodwill may be impaired  under SFAS No. 142; this analysis
will be  completed  during the first six months of 2002 in  accordance  with the
transition  provisions  of SFAS No.  142.  The  Company  expects to  complete an
analysis  for the  fourth  quarter  of 2001 to  determine  whether  goodwill  is
impaired  under SFAS No. 121. The  magnitude of an  impairment  charge,  if any,
under either accounting standard cannot be determined at this time.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
--------------------------------------------------------------------------------

Certain statements contained herein constitute  "forward-looking  statements" as
that term is defined under the provisions of the Private  Securities  Litigation
Reform  Act of 1995.  When  used  herein,  the  words  "believe,"  "anticipate,"
"should,"   "intend,"  "plan,"  "will,"  "expects,"   "estimates,"   "projects,"
"positioned,"  "strategy," and similar expressions identify such forward-looking
statements.  Such  forward-looking  statements  involve known and unknown risks,
uncertainties  and other factors that may cause the actual results,  performance
or achievements of the Company, or industry results, to be materially  different
from those contemplated,  projected,  forecasted, estimated or budgeted, whether
expressed or implied, by such forward-looking  statements. Such factors include,
among  others:   general   economic  and  business   conditions,   technological
developments,  the  Company's  ability to continue to design  networks,  install
facilities,  obtain and maintain any required governmental licenses or approvals
and finance  construction and development,  all in a timely manner at reasonable
costs and on  satisfactory  terms and conditions,  as well as assumptions  about
customer  acceptance,  churn rates,  overall market  penetration and competition
from  providers  of  alternative  services,  the  impact  of  restructuring  and
integration  actions,  the  impact  of  new  business  opportunities   requiring
significant  up-front  investment,  interest  rate and  currency  exchange  rate
fluctuations  and  availability,  terms and  deployment of capital.  The Company
assumes no obligation to update the forward-looking  statements contained herein
to  reflect  actual  results,  changes  in  assumptions  or  changes  in factors
affecting such statements.

                                       12
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

PART II.      OTHER INFORMATION
--------      -----------------

ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K
-------       --------------------------------

              (a) Exhibits:

                  None.

              (b) Reports on Form 8-K:

                  No reports on Form 8-K were  filed by the  Company  during the
                  quarter ended September 30, 2001.




                                       13
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                        QUARTER ENDED SEPTEMBER 30, 2001

                                   SIGNATURES
                                   ----------
         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       NTL (TRIANGLE) LLC
                                       -----------------------------------------
                                       (Registrant)
                                       By:  NTL Group Limited
                                            Its Sole Managing Member



Date: November 12, 2001                By: /s/  Stephen A. Carter
                                       -----------------------------------------
                                       Stephen A. Carter
                                       (Director and Chief Operating Officer of
                                       NTL Group Ltd., the sole managing member)
                                       on behalf of registrant



Date: November 12, 2001                By: /s/  Stuart Ross
                                       -----------------------------------------
                                       Stuart Ross
                                       (Director and Chief Financial Officer of
                                       NTL Group Ltd., the sole managing member)
                                       on behalf of registrant



                                       14