MiddleEarth is beautiful template that uses the colors of Earth and sea, and was cretaed for phpLD 3.2 with only one sponsored link required (no link to the designer required). Nice features include showing latest featured on the homepage as well as most popular categories and statistics in the left sidebar.
Template: MiddleEarth
phpLD Version: 3.2.0
phpLD is CrunchBase listed company based in California
http://www.crunchbase.com/company/php-link-directory
Special Notes: In order to show the featured links and most popular categories on the homepage of your directory you must replace the init.tpl with the one provided in the zip. There is also a psd file provided to make it easier to modify it for your site name.