The invention provides a variable frequency air conditioner circuit board and a variable frequency air conditioner. A PCB of the variable frequency air conditioner circuit board is provided with a bridge rectifier, filter capacitors, a first IPM, an MCU, a first block terminal, a second IPM and a second block terminal connected with the second IPM module. The first IPM and the second IPM are arranged close to the two side edges of the PCB correspondingly. The MCU is arranged between the first IPM and the second IPM. Furthermore, the second IPM and the first block terminal are arranged close tothe same side edge of the PCB. The first block terminal is arranged close to the connecting side edge of the two side edges. The second block terminal is arranged between the first block terminal andthe second IPM. Devices on the circuit board can be made compact in layout while the circuit board is driven by a DC motor adopting two driving modes, and the wiring distance is short. Accordingly, the area of the PCB of the whole circuit board is reduced, and the cost of the circuit board is reduced.