The Yellow Balloon is a 1953 British drama film directed by J. Lee Thompson and starring Andrew Ray, William Sylvester, Kathleen Ryan, Kenneth More and Hy Hazell. It was Thompson's second feature as director. It was distributed by Associated British and produced by the company's Marble Arch Productions. It was made at Elstree Studios with sets designed by the art director Robert Jones. Location shooting took place around Bayswater and Chelsea.