The London club's young guns set down an early marker that they are aiming to win the competition for the third time by beating the Norwegian side 10-1.
Billy Gilmour and Daishawn Redan both scored hat-tricks in the thrashing at Cobham training ground, with 'Blues' legend John Terry watching on.
Charlie Brown also got two goals, George McEachran also got on the score sheet and Molde didn't help themselves by scoring an own goal.
The crushing defeat almost equalled the Youth League's record margin of victory.