Mix ground meat, breadcrumbs, egg, garlic, chili powder, cumin, lime zest, salt, and pepper in a bowl and form into small meatballs.
Heat a skillet over medium heat and cook the meatballs for 8 to 10 minutes, turning until browned and cooked through.
Combine lime juice, honey, soy sauce, and chili flakes in a small bowl to prepare the sauce.
Pour the sauce over the meatballs in the skillet and simmer for 3 to 5 minutes until it slightly thickens.
Sprinkle shredded cheese over the meatballs, cover the skillet, and cook until the cheese melts.
Garnish with fresh cilantro and serve the meatballs warm.