Polymer-dispersed liquid crystal (MHxFy) films comprising liquid crystal polymer (LCPH and LCPF) were successfully obtained by the method of solution casting & thermal compressing. At a LCPH mass fraction of 67 %, thermal conductivity (λ) value in through-plane (λ⊥) and in-plane (λ∥) direction of MH2F1 films reach up to 0.305 W/(m·K) and 2.879 W/(m·K), respectively. In comparison to pure LCPF, the thermal conductivity of MH2F1 exhibited an increase of 4.42 times, which is 14.4 times than that of conventional thermoplastics. Meanwhile, the crystallinity of MHxFy films around 50 % which is indicate the crystal phase become more integrated and regular. The FTIR spectra reveals a significant blue shift (3432 cm−1 to 3421 cm−1) in the absorption peak of the –OH group in MH2F1, suggesting a robust interaction between LCPF and LCPH. The primary cause of elevated thermal conduction in these films was determined to be the consistent presence of “thermal bridges” and a high degree of crystallinity. Furthermore, the T5%, Tmax and residual carbon at 800 °C of MH2F1 were 347.8 °C, 409.4 °C and 8 %, respectively. This is attributed to the ordered distribution of LCPH in LCPF matrix through hydrogen bonding interaction, forming an interpenetrating network of LCPF-LCPH. The result show that MHxFy films demonstrating superior intrinsic thermal conductivities, thermal stabilities, and mechanical properties.