Limbo centers around a secluded colony of child-vampires between the ages of 4 and 120, who were all the victims of shameless adult vampires. They are led by a formidable and deeply religious ex-nurse whose destiny in life is to find these ‘lost souls’ and raise them in her colony. Through religious teachings and rituals adapted from Catholicism, and the occasional visit to local towns for blood, she prepares the children for what God had in mind for them…

A black cloud brings 1600 days of rain to Buenos Aires, while traffic and pedestrians move backwards. Aging actor Max (Eduardo Pavlovsky) runs the Mirror Theater in a former fish market, but lack of funding means a possible demolition. Max is attracted to Brazilian dancer Fulo (Angela Correa), who worries about her daughter back home. Amid political corruption and police brutality, Max's elderly colleague Enrique leads a protest for unpaid old-age pensions. The pensioners succeed in their demands, only to learn from a government official that no money is available to pay them.