If the world is made of the elements that cannot form chemical bonds, then everything would exist in the form of a mixture.
A mixture as the word suggest is simple combination of 2 or more substances where each substance retains its properties. The world would be full of different mixtures of elements.
A compound is formed when 2 or more elements combine together to form a chemical bond. Since chemical bonds are not possible, the compound would not exist in such a world.
Every living thing in this world is made of thousands of compounds, and if compounds don't exist, then there would be no life on the earth.