All balloons are identical, and we're distributing it among $4$ children, it is clearly a case of combination with repetition.
The given constraint is that each of the child receives at least $2$ balloons. Mathematically we can write:
$c_1 + c_2 + c_3 + c_4 = 10$, where $c_i \geq 2$
($c_i$ is the number of balloons the $i^{th}$ child got)
From, $c_i \geq 2 \implies c_i - 2\geq 0$
Let, $c_i - 2 = b_i \geq 0$
Now, we can rewrite the equation $c_1 + c_2 + c_3 + c_4 = 10$ as follows
$b_1 + b_2 + b_3 + b_4 = 2$, where $b_i \geq 0$
So, the answer to the question is the number of solutions possible for the above equation, which is
$${ 4 + 2 - 1 \choose 2 } = {5 \choose 2} = 10$$