diff --git a/channels/iax2-parser.c b/channels/iax2-parser.c
index 1da3c4d6a9e9bcbdaebb9d15d879adc1705324a4..a4a81e20c899601ace144975cae33ccb21e0068c 100644
--- a/channels/iax2-parser.c
+++ b/channels/iax2-parser.c
@@ -50,10 +50,12 @@ static int frames = 0;
 static int iframes = 0;
 static int oframes = 0;
 
+#if !defined(LOW_MEMORY)
 static void frame_cache_cleanup(void *data);
 
 /*! \brief A per-thread cache of iax_frame structures */
 AST_THREADSTORAGE_CUSTOM(frame_cache, NULL, frame_cache_cleanup);
+#endif
 
 /*! \brief This is just so iax_frames, a list head struct for holding a list of
  *  iax_frame structures, is defined. */
@@ -940,6 +942,8 @@ void iax_frame_wrap(struct iax_frame *fr, struct ast_frame *f)
 struct iax_frame *iax_frame_new(int direction, int datalen)
 {
 	struct iax_frame *fr = NULL;
+
+#if !defined(LOW_MEMORY)
 	struct iax_frames *iax_frames;
 
 	/* Attempt to get a frame from this thread's cache */
@@ -955,6 +959,7 @@ struct iax_frame *iax_frame_new(int direction, int datalen)
 		}
 		AST_LIST_TRAVERSE_SAFE_END
 	}
+#endif
 
 	if (!fr) {
 		if (!(fr = ast_calloc_cache(1, sizeof(*fr) + datalen)))
@@ -975,7 +980,9 @@ struct iax_frame *iax_frame_new(int direction, int datalen)
 
 void iax_frame_free(struct iax_frame *fr)
 {
+#if !defined(LOW_MEMORY)
 	struct iax_frames *iax_frames;
+#endif
 
 	/* Note: does not remove from scheduler! */
 	if (fr->direction == DIRECTION_INGRESS)
@@ -986,17 +993,22 @@ void iax_frame_free(struct iax_frame *fr)
 		errorf("Attempt to double free frame detected\n");
 		return;
 	}
-	fr->direction = 0;
 	ast_atomic_fetchadd_int(&frames, -1);
 
+#if !defined(LOW_MEMORY)
 	if (!(iax_frames = ast_threadstorage_get(&frame_cache, sizeof(*iax_frames)))) {
 		free(fr);
 		return;
 	}
 
+	fr->direction = 0;
 	AST_LIST_INSERT_HEAD(iax_frames, fr, list);
+#else
+	free(fr);
+#endif
 }
 
+#if !defined(LOW_MEMORY)
 static void frame_cache_cleanup(void *data)
 {
 	struct iax_frames *frames = data;
@@ -1007,6 +1019,7 @@ static void frame_cache_cleanup(void *data)
 
 	free(frames);
 }
+#endif
 
 int iax_get_frames(void) { return frames; }
 int iax_get_iframes(void) { return iframes; }