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:
                                  JUNE 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 June 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 JUNE 30, 2001

                                TABLE OF CONTENTS

                                                                           Page
                                                                          Number
                                                                          ------
PART I. FINANCIAL INFORMATION
------- ---------------------

        Item 1. Financial Statements

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

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

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

                Condensed Consolidated Statements of Cash Flows for
                the Six Months Ended June 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>
                                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                    FORM 10-Q
                                           QUARTER ENDED JUNE 30, 2001

PART I.    FINANCIAL INFORMATION
-------    ---------------------

ITEM 1.    FINANCIAL STATEMENTS
-------    --------------------
<TABLE>
<CAPTION>
                                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                      -------------------------------------

                                                                              June 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)14,822     (UK Pound)4,706
   Accounts receivable, less allowance for doubtful accounts of
     (UK Pound)10,134 (2001) and (UK Pound)8,914 (2000).................             18,314              18,933
   Other current assets.................................................              8,799              13,850
                                                                        -------------------   -----------------
       Total current assets.............................................             41,935              37,489

Property and equipment, net.............................................            470,233             466,157
Intangible assets, net..................................................            374,157             395,683
Other assets, net.......................................................              6,822              21,276
                                                                        -------------------   -----------------
                                                                          (UK Pound)893,147   (UK Pound)920,605
                                                                        ===================   =================

Liabilities and shareholder's equity

Current liabilities
   Accounts payable and accrued expenses................................   (UK Pound)47,270    (UK Pound)53,268
   Interest payable.....................................................              5,145               4,883
   Deferred revenue.....................................................             14,558              14,928
   Due to affiliates....................................................             28,943              24,316
   Current portion of long-term debt....................................                644                 662
                                                                        -------------------   -----------------
     Total current liabilities..........................................             96,560              98,057

Loans from affiliate....................................................             48,201              25,549

Long-term debt, less current portion....................................            370,018             348,761

Commitments and contingent liabilities

Deferred income taxes...................................................              8,578               8,611

Shareholder's equity:
   Common membership interests, (UK Pound).01 par value - authorized
     and issued 800,000 shares..........................................                  8                   8
   Additional capital...................................................            414,543             394,107
   Accumulated other comprehensive (loss) income........................               (646)                746
   (Accumulated deficit) retained earnings..............................            (44,115)             44,766
                                                                        -------------------   -----------------
     Total shareholder's equity.........................................            369,790             439,627
                                                                        -------------------   -----------------
                                                                          (UK Pound)893,147   (UK Pound)920,605
                                                                        ===================   =================
</TABLE>

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

See accompanying notes.

                                                        2
<PAGE>
<TABLE>
<CAPTION>
                                         NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                      FORM 10-Q
                                             QUARTER ENDED JUNE 30, 2001
                                   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   -----------------------------------------------
                                                     (Unaudited)

                                            Six Months Ended                          Three Months Ended
                                                June 30,                                   June 30,
                                       2001                  2000                2001                   2000
                                 -----------------     ----------------    -----------------    --------------------
                                                               (in (UK Pound)000's)
<S>                               <C>                  <C>                 <C>                      <C>
Revenue.........................  (UK Pound)87,702     (UK Pound)77,612    (UK Pound)45,659         (UK Pound)38,935
                                 -----------------     ----------------    -----------------    --------------------

Costs and expenses
   Operating....................            42,093               30,469               22,484                  15,186
   Selling, general and
     administrative.............            39,547               30,089               16,692                  16,963
   Depreciation and amortization            51,590               40,092               26,667                  23,339
                                 -----------------     ----------------    -----------------    --------------------
                                           133,230              100,650               65,843                  55,488
                                 -----------------     ----------------    -----------------    --------------------

Operating loss..................           (45,528)             (23,038)             (20,184)                (16,553)

Other income (expense)
   Interest expense.............           (20,090)             (16,977)             (10,291)                 (8,840)
   Interest expense to affiliate            (1,221)                   -                 (683)                      -
   Investment income............               148                  798                   29                     467
   Exchange losses..............           (22,156)             (22,466)              (2,999)                (15,810)
                                 -----------------     ----------------    -----------------    --------------------
                                           (43,319)             (38,645)             (13,944)                (24,183)
                                 -----------------     ----------------    -----------------    --------------------

Loss before income taxes........           (88,847)             (61,683)             (34,128)                (40,736)
Income tax (expense) benefit....               (34)                  75                  (34)                    (71)
                                 -----------------     ----------------    -----------------    --------------------

Net loss........................ (UK Pound)(88,881)   (UK Pound)(61,608)   (UK Pound)(34,162)      (UK Pound)(40,807)
                                 =================     ================    =================    ====================
</TABLE>

See accompanying notes.

                                                          3
<PAGE>
<TABLE>
<CAPTION>
                                                 NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                              FORM 10-Q
                                                     QUARTER ENDED JUNE 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............                              20,436                                                                 20,436
  Net loss..............                                      (UK Pound)(88,881)                         (88,881)           (88,881)
  Currency translation
   adjustment...........                                                 (1,392)        (1,392)                              (1,392)
                                                              -----------------
  Comprehensive loss.....                                     (UK Pound)(90,273)
                           --- ----------- -----------------  ----------------- -------------- -----------------  -----------------

Balance at June 30, 2001...800 (UK Pound)8 (UK Pound)414,543                    (UK Pound)(646)(UK Pound)(44,115) (UK Pound)369,790
                           === =========== =================                    ============== =================  =================
</TABLE>
See accompanying notes.


                                                                 4
<PAGE>
<TABLE>
<CAPTION>
                                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                                    FORM 10-Q
                                           QUARTER ENDED JUNE 30, 2001
                                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 -----------------------------------------------
                                                   (Unaudited)

                                                                                  Six Months Ended
                                                                                      June 30,
                                                                           2001                      2000
                                                                      ---------------          -----------------
                                                                                 (in (UK Pound)000's)

<S>                                                                  <C>                       <C>
Net cash provided by operating activities............................ (UK Pound)1,525           (UK Pound)29,213
                                                                      ---------------          -----------------

Investing activities
   Purchases of marketable securities................................               -                     (2,166)
   Proceeds from sales of marketable securities......................               -                      2,199
   Capital expenditures..............................................         (36,161)                   (14,063)
                                                                      ---------------          -----------------

         Net cash used in investing activities.......................         (36,161)                   (14,030)
                                                                      ---------------          -----------------

Financing activities
   Loans from affiliate..............................................          24,589                          -
   Contribution from NTL Group Limited...............................          20,436                          -
   Principal payments................................................            (337)                      (915)
                                                                      ---------------          -----------------

         Net cash provided by (used in) financing activities.........          44,688                       (915)

         Effect of exchange rate changes on cash.....................              64                       (331)
                                                                      ---------------          -----------------

Increase in cash and cash equivalents................................          10,116                     13,937

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

Cash and cash equivalents, end of period.............................(UK Pound)14,822           (UK Pound)41,832
                                                                      ===============          =================

Supplemental disclosure of cash flow information
   Cash paid during the period for interest..........................(UK Pound)20,795              (UK Pound)177

</TABLE>

See accompanying notes.

                                                        5
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 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  six  and  three  months  ended  June  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 Statements of
     Financial  Accounting  Standards No. 141,  "Business  Combinations" and No.
     142,  "Goodwill and Other  Intangible  Assets,"  effective for fiscal years
     beginning  after  December  15,  2001.  Under the new rules,  goodwill  and
     intangible  assets  deemed  to have  indefinite  lives  will no  longer  be
     amortized but will be subject to annual impairment tests in accordance with
     the Statements.  Other intangible assets will continue to be amortized over
     their useful lives.  The Company will apply the new rules on accounting for
     goodwill and other  intangible  assets  beginning  in the first  quarter of
     2002.  During  2002,  the Company  will  perform the first of the  required
     impairment tests of goodwill and indefinite  lived intangible  assets as of
     January 1, 2002.  The  Company  has not yet  determined  what the effect of
     these tests will be on its results of operations and financial position.

2.   Comprehensive Loss

     The Company's comprehensive loss for the six months ended June 30, 2001 and
     2000 was (UK Pound)90.3 million and (UK Pound)61.4  million,  respectively.
     The Company's  comprehensive  loss for the three months ended June 30, 2001
     and 2000 was $34.8 million and $40.0 million, respectively.

3.   Restructuring 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 June 30, 2001, (UK  Pound)615,000  of the provision had been used for
     employee  severance  and related costs and  approximately  80 employees had
     been  terminated.  The  remaining  restructuring  reserve of (UK  Pound)7.9
     million includes (UK Pound)5.0 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 JUNE 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>
                                                                        June 30,                December 31,
                                                                          2001                      2000
                                                                   ------------------        ------------------
                                                                       (Unaudited)

<S>                                                                 <C>                       <C>
     Operating equipment..........................................  (UK Pound)525,082         (UK Pound)498,922
     Other equipment..............................................             56,756                    57,125
     Construction in progress.....................................             58,923                    51,652
                                                                   ------------------        ------------------
                                                                              640,761                   607,699
     Accumulated depreciation.....................................           (170,528)                 (141,542)
                                                                   ------------------        ------------------
                                                                    (UK Pound)470,233         (UK Pound)466,157
                                                                   ==================        ==================
</TABLE>

5.   Intangible Assets

     Intangible assets consist of (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                           June 30,             December 31,
                                                                             2001                   2000
                                                                       ----------------      ----------------
                                                                          (Unaudited)
<S>                                                                   <C>                   <C>
      Goodwill, net of accumulated amortization of
          (UK Pound)46,623 (2001) and (UK Pound)34,955 (2000)........ (UK Pound)303,285     (UK Pound)314,953
      License acquisition costs, net of accumulated amortization
          of (UK Pound)14,427 (2001) and (UK Pound)10,820 (2000).....            21,641                25,248
      Customer lists, net of accumulated amortization of
          (UK Pound)11,787 (2001) and (UK Pound)8,365 (2000).........            20,535                23,957
      Other, net of accumulated amortization of (UK Pound)29,667
          (2001) (UK Pound)26,838 (2000).............................            28,696                31,525
                                                                       ----------------      ----------------
                                                                      (UK Pound)374,157     (UK Pound)395,683
                                                                       ================      ================
</TABLE>

6.   Joint Purchasing Alliance Agreement

     As of June  30,  2001  and  December  31,  2000,  other  assets  include  a
     receivable  for a  deposit  of (UK  Pound)6.8  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 JUNE 30, 2001
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONCLUDED
                                   (Unaudited)


7.   Related Party Transactions

     In October 2000, NTL Communications  (Ireland) Limited (formerly  Cablelink
     Limited),  a wholly  owned  subsidiary  of the Company  entered into a loan
     agreement  with a  subsidiary  of NTL to  provide  funding  of up to  IR(UK
     Pound)300.0  million ((UK Pound)229.5  million),  of which IR(UK Pound)63.0
     million  ((UK  Pound)48.2   million)  and  IR(UK  Pound)32.0  million  ((UK
     Pound)24.5  million)  had been  borrowed at June 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 June 30, 2001 was 5.69%.  Accrued
     interest of IR(UK Pound)860,000 ((UK Pound)658,000) and IR(UK Pound)257,000
     ((UK  Pound)197,000)  was included in due to affiliates in the consolidated
     balance sheet at June 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  management,  financial,  legal  and  technical
     services to the  Company.  Beginning  in the fourth  quarter of 1999,  this
     subsidiary   began  charging  the  Company  for  these  services  using  an
     allocation  formula based on customers.  For the six months ended  June 30,
     2001 and 2000,  the  Company was  charged  (UK  Pound)27.3  million and (UK
     Pound)6.5 million, respectively,  which is included in selling, general and
     administrative  expenses  and  in  due to  affiliates  in the  consolidated
     balance  sheet.  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  management  of the  Company,  the
     allocation method is reasonable.

8.   Stock Options

     In July 2001, (subject to appropriate  documentation)  the NTL Compensation
     Committee approved an offer to all NTL employees, except George Blumenthal,
     the Chairman of the Board,  Barclay Knapp, the Chief Executive  Officer and
     the Board of Directors. NTL will offer to re-price some or all options with
     an  exercise  price above  $20.01 per share to $13.25 per share.  For these
     options for which this offer is accepted,  a  moratorium  will be in effect
     until  January 1, 2003 on further  vesting  and on all sales of shares that
     are obtained after re-pricing from the exercise of re-priced  options.  The
     expiration date for re-priced  options will remain the same but in no event
     will be earlier than January 30, 2006. In July 2001,  there were options to
     purchase an aggregate of  approximately  29.3 million  shares of NTL common
     stock  with an  average  exercise  price of $40.11  per share that would be
     subject to the re-pricing  offer. In accordance with APB No. 25 and related
     interpretations,  NTL will  account  for  options  that are subject to this
     offer as a variable plan. Options to purchase an aggregate of approximately
     16.5 million  shares of NTL common stock at an exercise price of $44.50 per
     share are  already  accounted  for as a variable  plan.  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 JUNE 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  Holding Company Limited
("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").
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)56.0  million  from  July 1,  2001  through  June  30,  2002  for  capital
expenditures and debt service,  net of cash from operations.  Management expects
that the (UK  Pound)56.0  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)6.8 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(UK  Pound)300.0  million  ((UK  Pound)229.5
million),  of which (IR  Pound)63.0  million  ((UK  Pound)48.2  million) and (IR
Pound)32.0  million ((UK Pound)24.5  million) had been borrowed at June 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 June 30,  2001  was  5.69%.  Accrued
interest of IR(UK Pound)860,000 ((UK Pound)658,000) and IR(UK Pound)257,000 ((UK
Pound)197,000)  was included in due to  affiliates in the  consolidated  balance
sheet at June 30, 2001 and December 31, 2000, respectively.

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

Net cash provided by operating  activities amounted to (UK Pound)1.5 million and
(UK  Pound)29.2  million  for the six  months  ended  June 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)36.2 million and (UK
Pound)14.0   million  for  the  six  months   ended  June  30,  2001  and  2000,
respectively.  During  the six  months  ended  June 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 JUNE 30, 2001

Net cash provided by (used in) financing  activities  amounted to (UK Pound)44.7
million and (UK Pound)(915,000) for the six months ended June 30, 2001 and 2000,
respectively.  During the six months ended June 30, 2001,  net cash  provided by
financing  activities  includes  (UK  Pound)24.6  million  in cash  received  by
Cablelink from a subsidiary of NTL and  contributions  from NTL Group Limited of
(UK  Pound)20.4  million.   Net  cash  used  in  financing   activities  of  (UK
Pound)915,000 in the six months ended June 30, 2000 was for principal payments.

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

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

<TABLE>
<CAPTION>
                                                           Six Months Ended
                                                               June 30,                        Increase/(Decrease)
                                                       2001                 2000            (UK Pound)            %
                                                 ----------------     ----------------   ----------------     --------
<S>                                              <C>                  <C>                <C>                  <C>
Revenues.......................................  (UK Pound)87,702     (UK Pound)77,612   (UK Pound)10,090       13.0%
Operating, selling, general and administrative
  expenses.....................................            81,640               60,558             21,082       34.8
Depreciation and amortization..................            51,590               40,092             11,498       28.7
                                                 ----------------     ----------------
Operating loss.................................           (45,528)             (23,038)            22,490       97.6
                                                 ----------------     ----------------
Interest expense...............................            20,090               16,977              3,113       18.3
Interest expense to affiliate..................             1,221                    -              1,221         NM
Investment income..............................              (148)                (798)              (650)     (81.5)
Exchange losses................................            22,156               22,466               (310)      (1.4)
                                                 ----------------     ----------------
Loss before income taxes.......................           (88,847)             (61,683)            27,164       44.0
Income tax (expense) benefit...................               (34)                  75               (109)    (145.3)
                                                 ----------------     ----------------
Net loss....................................... (UK Pound)(88,881)   (UK Pound)(61,608)            27,273       44.3
                                                 ================     ================
</TABLE>

<TABLE>
<CAPTION>
                                                          Three Months Ended
                                                               June 30,                        Increase/(Decrease)
                                                      2001                  2000            (UK Pound)            %
                                                 ----------------     ----------------   ----------------     --------
<S>                                              <C>                  <C>                 <C>                 <C>
Revenues.......................................  (UK Pound)45,659     (UK Pound)38,935    (UK Pound)6,724       17.3%
Operating, selling, general and administrative
  expenses.....................................            39,176               32,149              7,027       21.9
Depreciation and amortization..................            26,667               23,339              3,328       14.3
                                                 ----------------     ----------------
Operating loss.................................           (20,184)             (16,553)             3,631       21.9
                                                 ----------------     ----------------
Interest expense...............................            10,291                8,840              1,451       16.4
Interest expense to affiliate..................               683                    -                683         NM
Investment income..............................               (29)                (467)              (438)     (93.8)
Exchange losses................................             2,999               15,810            (12,811)     (81.0)
                                                 ----------------     ----------------
Loss before income taxes.......................           (34,128)             (40,736)            (6,608)     (16.2)
Income tax expense.............................               (34)                 (71)               (37)     (52.1)
                                                 ----------------     ----------------
Net loss....................................... (UK Pound)(34,162)   (UK Pound)(40,807)            (6,645)     (16.3)
                                                 ================     ================
</TABLE>

Substantially  all of the increases in revenues,  operating  expenses,  selling,
general and  administrative  expenses and depreciation and amortization  expense
for the six and three  months  ended  June 30,  2001,  as  compared  to the same
periods in 2000, are attributable to the continued  development of the Company's
operations  and increased  business  activity  resulting  from the growth in the
number of subscribers in Cambridge, Teesside and Cablelink.

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

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


Selling,  general and administrative  expense were (UK Pound)39.5  million,  (UK
Pound)16.7  million,  (UK Pound)30.1  million and (UK Pound)17.0 million for the
six and three  months ended June 30, 2001 and 2000,  respectively.  Beginning in
the fourth  quarter of 1999, a subsidiary of NTL began  charging the Company for
management,  financial, legal and technical services it provides to the Company.
These charges were (UK Pound)27.3 million, (UK Pound)12.6 million, (UK Pound)6.5
million and (UK  Pound)3.7  million for the six and three  months ended June 30,
2001 and 2000,  respectively.  After  adjusting  for the NTL  charges,  selling,
general and administrative expenses as a percentage of revenues was 13.9%, 8.9%,
30.4%  and  34.2% for the six and three  months  ended  June 30,  2001 and 2000,
respectively.

During 2001,  the Company  intends to drive the majority of revenue growth from
increases in average  revenue per  customer  rather than through the addition of
new customers.  This allows the Company to achieve revenue targets, have a lower
capital  requirement  due to fewer  installations,  and  improve  EBITDA  as the
Company  reduces  front-loaded  costs  such as  customer  acquisition  costs and
initial maintenance costs.

Interest  expense  was (UK  Pound)20.1  million,  (UK  Pound)10.3  million,  (UK
Pound)17.0  million and (UK Pound)8.8 million for the six and three months ended
June 30, 2001 and 2000,  respectively,  representing  increases of (UK Pound)3.1
million and (UK Pound)1.5  million 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(UK  Pound)300.0  million  ((UK  Pound)229.5
million),  of which IR(UK Pound)63.0  million ((UK Pound)48.2  million) had been
borrowed at June 30,  2001.  Interest  expense to  affiliate  was (UK  Pound)1.2
million and (UK  Pound)683,000 for the six and three months ended June 30, 2001,
respectively.

Investment income was (UK Pound)148,000, (UK Pound)29,000, (UK Pound)798,000 and
(UK  Pound)467,000  for the six and three  months  ended June 30, 2001 and 2000,
respectively,  representing decreases of (UK Pound)650,000 and (UK Pound)438,000
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  losses  were  (UK  Pound)22.2  million,  (UK  Pound)3.0  million,  (UK
Pound)22.5 million and (UK Pound)15.8 million for the six and three months ended
June  30,  2001  and  2000,   respectively,   representing   decreases   of  (UK
Pound)300,000  and (UK  Pound)12.8  million as compared  to the same  periods in
2000. The decreases 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
June 30, 2001,  (UK  Pound)615,000  of the  provision had been used for employee
severance and related costs and  approximately 80 employees had been terminated.
The  remaining  restructuring  reserve of (UK  Pound)7.9  million  includes  (UK
Pound)5.0  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 JUNE 30, 2001

In July  2001,  (subject  to  appropriate  documentation)  the NTL  Compensation
Committee approved an offer to all NTL employees,  except George Blumenthal, the
Chairman of the Board,  Barclay Knapp, the Chief Executive Officer and the Board
of  Directors.  NTL will offer to re-price  some or all options with an exercise
price above  $20.01 per share to $13.25 per share.  For these  options for which
this offer is accepted,  a moratorium will be in effect until January 1, 2003 on
further  vesting and on all sales of shares that are obtained  after  re-pricing
from the  exercise of  re-priced  options.  The  expiration  date for  re-priced
options  will remain the same but in no event will be earlier  than  January 30,
2006. In July 2001, there were options to purchase an aggregate of approximately
29.3 million shares of NTL common stock with an average exercise price of $40.11
per share that would be subject to the re-pricing  offer. In accordance with APB
No. 25 and  related  interpretations,  NTL will  account  for  options  that are
subject to this offer as a variable  plan.  Options to purchase an  aggregate of
approximately  16.5 million  shares of NTL common stock at an exercise  price of
$44.50 per share are already  accounted for as a variable plan. 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  Statements of
Financial  Accounting  Standards No. 141,  "Business  Combinations" and No. 142,
"Goodwill and Other  Intangible  Assets,"  effective for fiscal years  beginning
after December 15, 2001.  Under the new rules,  goodwill and  intangible  assets
deemed to have indefinite  lives will no longer be amortized but will be subject
to annual  impairment tests in accordance with the Statements.  Other intangible
assets will continue to be amortized  over their useful lives.  The Company will
apply the new rules on  accounting  for  goodwill  and other  intangible  assets
beginning in the first  quarter of 2002.  During 2002,  the Company will perform
the first of the  required  impairment  tests of goodwill and  indefinite  lived
intangible assets as of January 1, 2002. The Company has not yet determined what
the effect of these tests will be on its  results of  operations  and  financial
position.

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 JUNE 30, 2001

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

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

              (a) Exhibits:

                  None.

              (b) Reports on Form 8-K:

                  During the quarter ended June 30, 2001, the Company filed a
                  current report on Form 8-K dated May 24, 2001 (filed May 24,
                  2001) reporting under Item 5, Other Events, that NTL
                  Incorporated, the public parent company of NTL (Triangle) LLC,
                  announced it signed a Strategic Outsourcing Deal with IBM
                  which covers the provision of Information Technology (IT)
                  services for NTL across the UK and Ireland.

                      No financial statements were filed with this report.


                                       13
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 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: August 9, 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: August 9, 2001                By: /s/ Robert MacKenzie
                                    --------------------------------------------
                                    Robert MacKenzie
                                    (Director and Secretary of
                                    NTL Group Ltd., the sole managing member)
                                    on behalf of registrant


                                       14