The Al/P-based frustrated Lewis pair (FLP) Mes P-C(AltBu) =C(H)Ph (1; Mes=mesityl) reacted as an efficient two-electron reductant with benzil to afford a cis-enediolate that was coordinated to the FLP through P-O and Al-O bonds and the formation of a seven-membered heterocycle (2). The phosphorus atom is oxidised from +III to +V. Similar heterocycles (3 a to 3 f) were formed if 1 was treated with various enones (acrolein, acrylate, acrylamide). The resulting enolates are bound to the FLP through P-C and Al-O bonds. Cyclopropenone gave an adduct (4) with the C=O bond coordinated by P and Al. Ynones gave a fascinating variety of different structures. 1,3-Diphenylprop-2-yn-1-one afforded a remarkable allene-type moiety with two cumulated C=C bonds (5); 3-hexyn-2-one yielded a ligand with two conjugated C=C bonds by C-H bond activation at the carbonyl methyl group (7); and 4-(trimethylsilyl)-3-butyn-2-one reacted by C-H bond cleavage, formation of an enolate group with a terminal C=C bond, and shift of the proton to the P atom (8). The C≡C bond was not affected. Allene compound 5 rearranged at elevated temperature and in daylight through the formation of a tricyclic compound by C-H bond activation and C-C bond formation. DFT calculations on this unusual rearrangement suggest insertion of the central allene C atom into the C-H bond of a methyl group and the intermediate formation of a C ring.