SC 13G/A

UNITED STATES	OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION	OMB Number: 3235-0145
Washington, D.C. 20549	Expires: February 28, 2009
SCHEDULE 13G	Estimated average burden hours per response. . 10.4

Under the Securities Exchange Act of 1934
(Amendment No.     )*

Smart Balance, Inc.
(F/K/A Boulder Specialty Brands, Inc.)

(Name of Issuer)

Common Stock, par value $.0001 per share

(Title of Class of Securities)

10153P108

(CUSIP Number)

May 21, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Kings Road Investments Ltd.
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Cayman Islands, British West Indies
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

2

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Global Opportunites Master Fund
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Cayman Islands, British West Indies
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

3

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investments Ltd.
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Cayman Islands, British West Indies
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

4

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investment Management Limited
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United Kingdom
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

5

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investment Partners LLP
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United Kingdom
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) PN

6

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investment Partners LP
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) PN

7

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investment Partners HK Limited
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Hong Kong
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

8

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Polygon Investment Partners GP, LLC
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) OO

9

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Reade E. Griffith
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) IN

10

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Alexander E. Jackson
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) IN

11

CUSIP No. 10153P108
	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Patrick G. G. Dear
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		x
		(b)		o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United Kingdom
Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0
			6.		Shared Voting Power 2,338,695 (See Item 4(a))
			7.		Sole Dispositive Power 0
			8.		Shared Dispositive Power 2,338,695 (See Item 4(a))
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,338,695
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
	11.	Percent of Class Represented by Amount in Row (9) 7.4%
	12.	Type of Reporting Person (See Instructions) IN

12

Item 1(a).	Name of Issuer:
	Smart Balance, Inc. (F/K/A Boulder Specialty Brands, Inc.), (“Smart Balance”)
Item 1(b).	Address of Issuer’s Principal Executive Offices:
	6106 Sunrise Ranch Drive, Longmont, CO, 80503
Item 2(a).	Name of Person Filing
Item 2(b).	Address of Principal Business Office
Item 2(c).	Citizenship
	This Schedule 13G is filed on behalf of Kings Road Investments Ltd., Polygon Global Opportunities Master Fund, Polygon Investments Ltd., Polygon Investment Management Ltd., Polygon Investment Partners LLP, Polygon Investment Partners LP, Polygon Investment Partners HK Limited, Polygon Investment Partners GP, LLC, Mr. Reade E. Griffith, Mr. Alexander E. Jackson and Mr. Patrick G. G. Dear (the “Reporting Persons”).
	Kings Road Investments Ltd. (“KRIL”)
	c/o Polygon Investment Partners LP
	399 Park Avenue
	22nd Floor
	New York, NY 10022
	Citizenship: Cayman Islands, British West Indies
	Polygon Global Opportunities Master Fund (the “Master Fund”)
	c/o Polygon Investment Partners LLP
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: Cayman Islands, British West Indies
	Polygon Investments Ltd. (the “Investment Manager”)
	c/o Polygon Investment Partners LLP
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: Cayman Islands, British West Indies
	Polygon Investment Management Limited (“PIML”)
	c/o Polygon Investment Partners LLP
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: United Kingdom
	Polygon Investment Partners LLP (the “UK Investment Manager”)
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: United Kingdom

13

	Polygon Investment Partners LP (the “US Investment Manager”)
	399 Park Avenue
	22nd Floor
	New York, NY 10022
	Citizenship: Delaware
	Polygon Investment Partners HK Limited (the “HK Investment Manager”)
	Unit 1501- 1502,15/F Cheung Kong Center
	2 Queen’s Road Central
	Hong Kong
	Citizenship: Hong Kong
	Polygon Investment Partners GP, LLC (the “General Partner”)
	c/o Polygon Investment Partners LP
	399 Park Avenue
	22nd Floor
	New York, NY 10022
	Citizenship: Delaware
	Reade E. Griffith (“Mr. Griffith”)
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: United States
	Alexander E. Jackson (“Mr. Jackson”)
	399 Park Avenue
	22nd Floor
	New York, NY 10022
	Citizenship: United States
	Patrick G. G. Dear (“Mr. Dear”)
	c/o Polygon Investment Partners LLP
	10 Duke of York Square
	London SW3 4LY
	United Kingdom
	Citizenship: United Kingdom
Item 2(d).	Title of Class of Securities:
	Common stock, par value $.0001 per share, of Smart Balance (“Common Stock”).
Item 2(e).	Smart Balance Common Stock has the following CUSIP number: 10153P108.
Item 3.	Not Applicable.
Item 4(a).	Amount Beneficially Owned:
	As of May 21, 2007, each Reporting Person may be deemed to be beneficial owner of (i) 1,005,362 shares of Common Stock (the “Shares”) and (ii) 1,333,333 shares of Common Stock issuable to KRIL pursuant to the conversion of 1,333,333 shares of Series A Convertible Preferred Stock (the “Series A Preferred Shares”).
Item 4(b).	Percent of Class:
	7.4%
Item 4(c).	Number of shares as to which Reporting Persons have:
	(i)	sole power to vote or direct the vote: 0
	(ii)	shared power to vote or direct the vote: 2,338,695
	(iii)	the sole power to dispose of or to direct the disposition of: 0
	(iv)	shared power to dispose of or to direct the disposition of: 2,338,695
	The Shares and Series A Preferred Shares are directly held by KRIL.  KRIL is a wholly-owned subsidiary of the Master Fund.  The Investment Manager, UK Investment Manager, the US Investment Manager, the HK Investment Manager, PIML and the General Partner have voting and depository control over securities owned by KRIL and the Master Fund. Messrs. Griffith, Dear and Jackson control the Investment Manager, the UK Investment Manager, the US Investment Manager, the HK Investment Manager, PIML and the General Partner.

14

Item 5.	Ownership of Five Percent or Less of a Class
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o
Item 6.	Ownership of More than Five Percent on Behalf of another Person
	Not Applicable.
Item 7.	Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company.
	Not Applicable.
Item 8.	Identification and Classification of Members of the Group.
	See Exhibit 1.
Item 9.	Notice of Dissolution of the Group.
	Not Applicable.
Item 10.	Certification.
	By signing below each of the undersigned certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

15

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: May 31, 2007	KINGS ROAD INVESTMENTS LTD.
	By Polygon Investment Partners LLP, its investment manager
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON GLOBAL OPPORTUNITIES MASTER FUND
	By Polygon Investment Partners LLP, its investment manager
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENTS LTD.
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT MANAGEMENT LIMITED
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS LLP
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal

16

Date: May 31, 2007	POLYGON INVESTMENT PARTNERS LP
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS HK LIMITED
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS GP, LLC
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007		/s/ Reade E. Griffith
		Reade E. Griffith
Date: May 31, 2007		/s/ Alexander E. Jackson
		Alexander E. Jackson
Date: May 31, 2007		/s/ Patrick G. G. Dear
		Patrick G. G. Dear

17

Exhibit Index

Exhibit 1  Identification of Members of the Group.

Exhibit 2  Joint Filing Agreement, dated as of May 31, 2007, by and among Kings Road Investments Ltd., Polygon Opportunities Master Fund, Polygon Investments Ltd., Polygon Investment Management Limited, Polygon Investment Partners LLP, Polygon Investment Partners LP, Polygon Investment Partners HK Limited, Polygon Investment Partners GP, LLC, Reade E. Griffith, Alexander E. Jackson and Patrick G.G. Dear.

18

EX-1

Exhibit 1

Identification of Members of the Group

Kings Road Investments Ltd.

Polygon Global Opportunities Master Fund

Polygon Investments Ltd.

Polygon Investment Management Limited

Polygon Investment Partners LLP

Polygon Investment Partners LP

Polygon Investment Partners HK Limited

Polygon Investment Partners GP, LLC

Reade E. Griffith

Alexander E. Jackson

Patrick G. G. Dear

EX-2

Exhibit 2

Joint Filing Agreement

This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock, par value $.0001 per share, of Smart Balance, Inc., a Delaware corporation, is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Date: May 31, 2007	KINGS ROAD INVESTMENTS LTD.
	By Polygon Investment Partners LLP, its investment manager
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON GLOBAL OPPORTUNITIES MASTER FUND
	By Polygon Investment Partners LLP, its investment manager
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENTS LTD.
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT MANAGEMENT LIMITED
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS LLP
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal

1

Date: May 31, 2007	POLYGON INVESTMENT PARTNERS LP
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS HK LIMITED
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007	POLYGON INVESTMENT PARTNERS GP, LLC
	By	/s/ Patrick G. G. Dear
		Name: Patrick G. G. Dear
		Title: Principal
Date: May 31, 2007		/s/ Reade E. Griffith
		Reade E. Griffith
Date: May 31, 2007		/s/ Alexander E. Jackson
		Alexander E. Jackson
Date: May 31, 2007		/s/ Patrick G. G. Dear
		Patrick G. G. Dear

2