**UNITED  STATES****SECURITIES    AND EXCHANGE COMMISSION******Washington, D.C. 20549****

**FORM 10-Q**

(Mark One)**[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**For the quarterly period ended March 31, 2011

OR

**[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**For the transition period from _____________ to _____________

Commission File Number: **002-71136**

**DETONICS SMALL ARMS LIMITED**(Exact name of registrant as specified in its charter

| Washington                                                          | 91-1150122                           |
|---------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of      incorporation or organization) | (I.R.S. Employer Identification No.) |

14508 SE 51st, Bellevue, WA  98006   (Address and zip code of principal executive offices)

(425) 746-6761  (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]   No [  ] 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [  ]   No [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

| Large accelerated filer [  ]                                                        | Accelerated  filer  [  ] |
|----------------------------------------------------------------------------------------------------|----------------------------------------------|
| Non-accelerated filer [  ]  (Do not check if a smaller reporting company) | Smaller reporting company  [X]          |

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [   ]    No [X]

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**PART I - FINANCIAL INFORMATION**

| **Item 1:** | **Financial Statements** |
|-------------|--------------------------|

See Appendix A

| **Item 2:** | **Management's Discussion and Analysis of the Financial Condition and Results of Operations** |
|-------------|-----------------------------------------------------------------------------------------------|

No royalties or other income were booked in the first quarter of  2011.

 The partnership originally had licensed the manufacturing and sale  of its products to Detonics Manufacturing Corporation (DMC) a  subsidiary of Energy Sciences Corporation, (ESC).  DMC, ESC and  the Partnership entered Chapter 11 bankruptcy proceedings on April  29, 1986.  In late 1987, the Bankruptcy Court approved a sale of  all of DMC's assets to a new entity, formed by outside third  parties, called New Detonics Manufacturing Corporation, (NDMC).  By subsequent majority vote of the limited partners of the  Partnership, a new license was entered into between the  Partnership and NDMC, which called for royalties to begin in late  1991 at the rate of 4% of gross sales.  No partnership income was  expected before that time.

 On May 13, 1988, ESC's bankruptcy was dismissed and all remaining assets were repossessed by the sole secured creditor of ESC, the firm of Murphy & Elgot.  These assets are primarily amounts owed to ESC by the partnership and the rights to produce products owned by the partnership.  The general partners had discussions with Mr. Murphy, (who was also counsel for ESC and the partnerships), on the elimination of most or all the debt owed by the Partnership to ESC, (and, therefor to Murphy & Elgot). 

 As previously reported, the general partners learned in late 1991  that production of firearms at NDMC was suspended in 1991.  The  general partners have subsequently been advised that Murphy&  Elgot, the sole secured creditors of the original DMC, have moved  to have the "soft" assets (the name "Detonics" and the right to  manufacture the Detonics designs) which were assigned to NDMC by  the Bankruptcy Court be returned to Murphy & Elgot and Moore.  This occured in September 1992.  Mr. Murphy passed away in 1997.  The general partners have had discussions with Mr. Elgot regarding  future attempts to recommercialize the products and he indicated  he would approve any recommercialization plan that the general  partners would be able to obtain.  The general partners had been  discussing such plans with a third party.  Royalty amounts of  5% of gross sales have been verbally agreed to, but no written  agreement had been prepared or signed as of December 31, 2002.  It  was learned in April 2003 that this plan would not take place.  Mr. Ahern continued to explore other financing sources and the  partnership has signed a three year agreement with Mr. Ahern  giving him the exclusive right to seek funding or a partner to  reestablish production. There can be no guarantee that it will be  possible to arrange for production of any of the Partnership's  products. 

 Mr. Ahern was successful in finding a backer and a new company  named Detonics USA LLC was formed (not owned by the partnership)  The partnership signed a license agreement with Detonics USA  LLC which involves a royalty of about 5% of gross sales of each of  the partnership's products manufactured and sold, appropriately  divided among all the firearms partnerships and shared with Mark  Elgot and Richard Moore in the ratio of 35% to Elgot and Moore  combined and 65% to the partnership(s) whose products have been  sold. 

 Detonics USA was subsequently purchased by Double Nickel LLC in late 2007 and operates as a division of that company and has been renamed Detonics.  The partnership payments have been changed to a flat $25.00 per Detonics and 1911A gun sold and $5.00 per non-Detonics gun sold. The split between the partnership and Mark Elgot and Richard Moore remains the same 65%/35%.  There can be no assurance that Double Nickel will succeed and that royalties will be paid. 

 Parts are being manufactured by Detonics and firearms assembly  started in late 2010.

 Sid Woodcock, co-General Partner of the partnership is no longer a consultant to Double Nickel. Michel Maes, also co-General and Managing Partner of the partnership, is a co-owner of an electronics company.  Mr. Maes is not a stock holder and has not played an active role in the company now named Detonics.

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**PART II - OTHER INFORMATION**

| **Item 1:** | Legal Proceedings: None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| **Item 2:** | Unregisterd Sales of Equity securities andUse of Proceeds: None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| **Item 3:** | Defaults Upon Senior Securities: None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| **Item 4:** | Controls and Procedures:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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|        | The Partnership's disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that are filed or submitted under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.  Disclosure controls and procedures include, without limitation, controls and proceedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management including its principal executive and principal financial officers, or persons performing similar functions (the Managing General Partner), as appropriate to allow timely decisions regarding required disclosure. 

 The Managing General Partner has reviewed the effectiveness of the  Partnership's disclosure controls and procedures as of the end of  the period covered by this Form 10-Q report and have concluded  that the disclosure controls and procedures are effective. 

 There were no changes in our internal control over financial reporting during the three months ended March 31, 2011, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. |
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| **Item 5:** | Other Information: None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| **Item 6:** | Exhibits:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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|        | a)   Documents filed as part of this Report: Unauditedfinancial statement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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|        | b)   Reports on Form 8-K: None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

Exhibits

| 31     | Rule 13a-14(a) Certification                                                                             |
|--------|----------------------------------------------------------------------------------------------------------|
|   |                                                                                                     |
| 32     | Certification      Pursuant  to Section 906 of the Sarbanes-Oxley Act      of      2002 (18 U.S.C. 1350) |

 DSAL has no independent auditor at present, in accordance withRule 3-11 of Regulation S-X 

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Appendix A

**DETONICS SMALL ARMS LIMITED**  BALANCE SHEET  March 31, 2011   (UNAUDITED)

| **ASSETS**                                                               |   |     |   |
|--------------------------------------------------------------------------|--------|----------|--------|
| Cash                                                                     | $      | 0        |   |
| Royalties Receivable                                                     |   | 0        |   |
|      **TOTAL CURRENT ASSETS**                   | $      | 0        |   |
|                                                                     |   |     |   |
| Intangible Assets Less Amortization                                      |   | 0        |   |
| Receivable from Affiliates Less Allowance                                |   | 0        |   |
|      **TOTAL ASSETS**                           | $      | 0        |   |
|                                                                     |   |     |   |
| **LIABILITIES AND PARTNERS' EQUITY**                                     |   |     |   |
| Accounts Payable                                                         | $      | 0        |   |
| Taxes Payable                                                            |   | 0        |   |
|      **TOTAL CURRENT LIABILITIES**              |   | 0        |   |
|                                                                     |   |     |   |
| Payable to Affiliates                                                    |   | 672,769  |   |
|      **TOTAL LIABILITIES**                      |   | 672,769  |   |
|                                                                     |   |     |   |
| Partners' Capital                                                        |   | (672,769 | )      |
|      **TOTAL LIABILITIES AND PARTNER'S EQUITY** |   | 0        |   |

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**DETONICS SMALL ARMS LIMITED**STATEMENT OF INCOMEFOR THE QUARTER ENDINGMarch 31, 2011 (UNAUDITED)

| Royalty Revenue   | $      | 0      |   |
|-------------------|--------|--------|--------|
|              |   |   |   |
| Expenses          |   | 0      |   |
|              |   |   |   |
| Net Income (Loss) | $      | 0      |   |

NOTE: The products owned by the Partnership were licensed to NewDetonics Manufacturing Corporation (NDMC).  Under the terms ofthat license, royalties were not scheduled to be paid to thePartnership until late 1991.  NDMC suspended production of allfirearms and the license with NDMC has been terminated.  A newintellectual property use agreement was signed with Double NickelLLC/Detonics in late 2007. 

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**DETONICS SMALL ARMS LIMITED**STATEMENT OF CASH FLOWSFOR THE QUARTER ENDINGMarch 31, 2011(UNAUDITED)

| Net Cash Provided By Operating Activities                 | $      | 0      |   |
|-----------------------------------------------------------|--------|--------|--------|
|                                                      |   |   |   |
| Net Cash Used By Investing Activities                     |   | 0      |   |
|                                                      |   |   |   |
| Net Cash Provided By Financing Activities                 |   | 0      |   |
|                                                      |   |   |   |
| Net Increase In Cash                                      | $      | 0      |   |
|                                                      |   |   |   |
|      Cash At Beginning Of Period | $      | 0      |   |
|                                                      |   |   |   |
|      Cash At End Of Period       | $      | 0      |   |

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**SIGNATURES**

 Pursuant to the Requirements of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed onits behalf by the undersigned thereunto duly authorized.

|   | **DETONICS SMALL ARMS LIMITED**      (Registrant) |
|--------|----------------------------------------------------------------------------|
|   |                                                                       |
| 5-5-11 | /s/  Michel E. Maes, Managing General Partner                              |
| (Date) |          (Signature)                              |

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