Thermoplastic fiberglass was compression molded in the form of thick panels with a nominal thickness of 10 mm and a size of 300 × 300 mm2. A simplified procedure was adopted to speed up the lamination procedure and adapt it to the aim of recycling waste, glass fibers, fabrics, and thermoplastic films. Low density polyethylene was used as a matrix to simplify the laboratory process, but the same procedure can be extended to other thermoplastic film, such as polyamide. The final thermoplastic composite shows unique properties in terms of its repairability, and its performance was improved by increasing the number of repairing repetitions. For this aim, a repairability test was designed in the bending configuration, and three consecutive cycles of bending/repairing/bending were carried out. The static mechanical properties of the final thermoplastic composite were, conversely, low in comparison with traditional fiberglass because of the choice of a polyethylene matrix. The bending tests showed that the maximum strength was lower than 10 MPa and the elastic modulus was less than 1 GPa. Nevertheless, the toughness of the thermoplastic composite was high, and the samples continued to deform under bending without splitting into two halves.