The 22-year-old joins the club after 35 appearances in the Welsh top division last season.
Lloyd started out at Liverpool before moving to Wigan Athletic where he had loan spells with clubs including Larne, Chorley & AFC Fylde.
He was released by Wigan last summer, where he then joined Bala.
Speaking to the clubs media team Lloyd said:
Manager, Dave McNabb added:
We’d like to welcome Kieran to the club, he will link up with the squad for the pre-season training session in a couple of weeks time.
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