The invention discloses a current-limiting protection circuit and a control method thereof. The current-limiting protection circuit is arranged between a power supply end and an equipment end, and comprises a first loop comprising a first switch member and a second loop comprising a second switch member, the first loop is connected with a power supply end and the equipment end and is controlled bythe first switch member to be on and off, the second loop is connected with the power supply end and the ground and is controlled by the second switch member to be on-off, the first switch member adopts a PMOS transistor, a trigger resistor R5 connected in parallel between the source electrode and the grid electrode of the circuit provides a conduction voltage, the second switch member adopts a switching triode Q2, a resistor module is connected in series in the first loop, and after the current in the first loop rises to a preset value, the switching triode Q2 is conducted, the trigger resistor R5 is short-circuited, the first switch piece is disconnected, and the first loop is disconnected, so that the purpose of current-limiting protection is achieved; and the resistor module is arranged in a form that a plurality of first resistors are connected in parallel, and at least one of the first resistors is arranged to be an adjustable resistor, so the upper limit value of current limiting of the current-limiting protection circuit can be adjusted.