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, 2001
                                       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 33-83740

                      DIAMOND CABLE COMMUNICATIONS LIMITED
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


       England and Wales                                            N/A
--------------------------------------------------------------------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                              Identification No.)

                                                            Secretary
                                                        NTL Incorporated
                                                      110 East 59th Street
Diamond Plaza, Daleside Road                           New York, NY 10022
 Nottingham NG2 3GG, England                             (212) 906-8440
--------------------------------------------------------------------------------
  (Address of Registrant's                        (Name, address and telephone
principal executive offices)                       number of agent for service)

                           --------------------------

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
            ---                                          ---

                           --------------------------

As of March 31, 2001, there were 59,138,851 shares of the Registrant's  Ordinary
Shares of 2.5 pence each  outstanding.  The  Registrant  is an indirect,  wholly
owned subsidiary of NTL Incorporated and there is no market for the Registrant's
shares.  The Registrant  meets the  conditions set forth in General  Instruction
H(1)(a) and (b) of Form 10-Q and is therefore  filing this form with the reduced
disclosure format.

<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

                                TABLE OF CONTENTS
                                                                           Page
                                                                          Number
                                                                          ------

PART I.  FINANCIAL INFORMATION
-------  ---------------------

         Item 1. Financial Statements

                 Condensed Consolidated Balance Sheets as of
                 March 31, 2001 (Unaudited) and December 31, 2000..............2

                 Condensed Consolidated Statements of Operations
                 for the Three Months Ended March 31, 2001 and
                 2000 (Unaudited)..............................................3

                 Condensed Consolidated Statement of Shareholder's
                 Deficiency for the Three Months Ended March 31, 2001
                 (Unaudited)...................................................4

                 Condensed Consolidated Statements of Cash Flows for the
                 Three Months Ended March 31, 2001 and 2000 (Unaudited)........5

                 Notes to the Condensed Consolidated Financial
                 Statements (Unaudited)....................................6 - 8

         Item 2. Management's Discussion and Analysis of
                 Financial Condition and Results of Operations............9 - 11

         Item 3. Quantitative and Qualitative Disclosures About
                 Market Risk..................................................12

PART II. OTHER INFORMATION
-------- -----------------

         Item 6. Exhibits and Reports on Form 8-K.............................12

         SIGNATURES...........................................................13

<PAGE>
<TABLE>
<CAPTION>
                                         DIAMOND CABLE COMMUNICATIONS LIMITED
                                                      FORM 10-Q
                                             QUARTER ENDED MARCH 31, 2001

PART I    FINANCIAL INFORMATION
------    ---------------------

ITEM 1.   FINANCIAL STATEMENTS
-------   --------------------

                                        CONDENSED CONSOLIDATED BALANCE SHEETS
                                        -------------------------------------

                                                                               March 31,            December 31,
                                                                                 2001                   2000
                                                                          -----------------      -------------------
                                                                             (Unaudited)             (See Note)
                                                                                      (in (UK Pound)000's)
<S>                                                                        <C>                      <C>
Assets

Current assets
    Cash and cash equivalents.............................................  (UK Pound)5,808          (UK Pound)8,166
    Trade receivables - less allowance for doubtful accounts
       of (UK Pound)8,119 (2001) and (UK Pound)6,518 (2000)...............           19,894                   16,968
    Due from affiliates...................................................               77                       77
    Other.................................................................            3,623                    3,395
                                                                          -----------------      -------------------
       Total current assets...............................................           29,402                   28,606

Property and equipment - net .............................................          529,589                  524,102
Deferred financing costs - net of accumulated amortization of
    (UK Pound)10,601 (2001) and (UK Pound)9,919 (2000)....................           14,551                   15,233
Goodwill - net of accumulated amortization of (UK Pound)26,675 (2001) and
    (UK Pound)25,463 (2000)...............................................           70,285                   71,497
Franchise costs - net of accumulated  amortization of (UK Pound)280 (2001)
    and (UK Pound)273 (2000)..............................................              336                      343
                                                                          -----------------      -------------------
Total assets..............................................................(UK Pound)644,163        (UK Pound)639,781
                                                                          =================      ===================

Liabilities and shareholder's deficiency

Current liabilities
    Accounts payable......................................................    (UK Pound)596            (UK Pound)601
    Accounts payable deposit..............................................            6,289                   20,280
    Due to affiliates.....................................................           59,817                    9,260
    Interest payable......................................................           16,251                   16,472
    Current portion of long-term debt.....................................            1,418                    1,637
    Other.................................................................           41,926                   35,883
                                                                          -----------------      -------------------
       Total current liabilities..........................................          126,297                   84,133

Long-term debt
    Notes payable.........................................................        1,058,022                1,004,174
    Capital lease obligations.............................................              252                      295
    Mortgage loan.........................................................            2,087                    2,121
                                                                          -----------------      -------------------
       Total long-term debt...............................................        1,060,361                1,006,590

Commitments and contingent liabilities

Shareholder's deficiency:
    Ordinary shares: 70,000,000 authorized; 59,138,851 issued and
      outstanding                                                                     1,478                    1,478
    Additional paid-in-capital............................................          139,097                  139,097
    Accumulated deficit...................................................         (683,070)                (591,517)
                                                                          -----------------      -------------------
       Total shareholder's deficiency.....................................         (542,495)                (450,942)
                                                                          -----------------      -------------------
Total liabilities and shareholder's deficiency............................(UK Pound)644,163        (UK Pound)639,781
                                                                          =================      ===================

Note: The balance sheet at December 31, 2000 has been derived from the audited financial statements at that date.

See accompanying notes.

                                                          2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                    DIAMOND CABLE COMMUNICATIONS LIMITED
                                                  FORM 10-Q
                                        QUARTER ENDED MARCH 31, 2001
                               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                               -----------------------------------------------
                                                 (Unaudited)

                                                                           Three Months Ended
                                                                                March 31,
                                                                     2001                        2000
                                                              -----------------           -----------------
                                                                            (in (UK Pound)000's)

<S>                                                           <C>                         <C>
Revenue....................................................... (UK Pound)42,357            (UK Pound)35,833
                                                              -----------------           -----------------

Costs and expenses
   Operating..................................................           20,961                      14,613
   Selling, general and administrative........................           23,987                      11,359
   Depreciation and amortization..............................           11,196                      19,187
                                                              -----------------           -----------------
                                                                         56,144                      45,159
                                                              -----------------           -----------------

Operating loss................................................          (13,787)                     (9,326)

Other income (expense)
   Interest income............................................                -                       1,382
   Interest expense and amortization of debt discount and
expenses......................................................          (30,172)                    (26,057)
   Foreign exchange losses, net...............................          (47,594)                    (10,256)
                                                              -----------------           -----------------


Net loss .....................................................(UK Pound)(91,553)          (UK Pound)(44,257)
                                                              =================           =================

See accompanying notes.

                                                     3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                            DIAMOND CABLE COMMUNICATIONS LIMITED
                                                         FORM 10-Q
                                                QUARTER ENDED MARCH 31, 2001
                                CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDER'S DEFICIENCY
                                ------------------------------------------------------------
                                                        (Unaudited)
                                                    (in (UK Pound)000's)

                                                                                                             Total
                                                                   Additional         Accumulated        Shareholder's
                                     Ordinary Shares            Paid-in-capital         Deficit           Deficiency
                               ------------------------------   ------------------- ------------------  ------------------
                                 Shares           Par
                                 ------           ---
<S>                            <C>          <C>                 <C>                <C>                 <C>
Balance at December 31, 2000.. 59,138,851   (UK Pound)1,478     (UK Pound)139,097  (UK Pound)(591,517) (UK Pound)(450,942)
Net loss......................          -                 -                     -             (91,553)            (91,553)
                               ----------   ---------------     -----------------  ------------------  ------------------

Balance at March 31, 2001..... 59,138,851   (UK Pound)1,478     (UK Pound)139,097  (UK Pound)(683,070) (UK Pound)(542,495)
                               ==========   ===============     =================  ==================  ==================



See accompanying notes.

                                                             4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                                   FORM 10-Q
                                          QUARTER ENDED MARCH 31, 2001
                                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                -----------------------------------------------
                                                  (Unaudited)

                                                                                  Three Months Ended
                                                                                       March 31,
                                                                               2001                 2000
                                                                        -----------------    -----------------
                                                                                 (in (UK Pound)000's)
<S>                                                                     <C>                 <C>
Net cash provided by (used in) operating activities....................  (UK Pound)30,296    (UK Pound)(42,762)
                                                                        -----------------    -----------------

Investing activities
   Purchase of property and equipment..................................           (32,358)             (14,586)
   Proceeds from disposition of property and equipment.................                 -                    7
                                                                        -----------------    -----------------

            Net cash used in investing activities......................           (32,358)             (14,579)
                                                                        -----------------    -----------------

Financing activities
   Principal payments..................................................               (22)                 (20)
   Capital lease payments..............................................              (274)                (569)
                                                                        -----------------    -----------------

            Net cash used in financing activities......................              (296)                (589)
                                                                        -----------------    -----------------

(Decrease) increase in cash and cash equivalents.......................            (2,358)             (57,930)

Cash and cash equivalents at beginning of period.......................             8,166              124,348
                                                                        -----------------    -----------------

Cash and cash equivalents at end of period.............................   (UK Pound)5,808     (UK Pound)66,418
                                                                        =================    =================

Supplemental disclosure of cash flow information
   Cash paid during the period for interest............................  (UK Pound)23,562     (UK Pound)21,979


See accompanying notes.

                                                       5
</TABLE>

<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

1.   Basis of Presentation

     Diamond Cable Communications Limited (formerly Diamond Cable Communications
     Plc) (the  "Company") is a holding company which holds all of the shares of
     various  companies  which  operate  broadband  communications  networks for
     telephone,  cable  television  and Internet  services in the United Kingdom
     (the "UK"). The Company holds these shares through an intermediate  holding
     company, Diamond Holdings Limited (formerly Diamond Holdings Plc) ("Diamond
     Holdings").  The Company is an  indirect,  wholly-owned  subsidiary  of NTL
     Incorporated ("NTL").

     The accompanying  unaudited condensed  consolidated financial statements of
     the  Company  and its  subsidiaries  (the  "Group")  have been  prepared in
     accordance with U.S. generally accepted  accounting  principles for interim
     financial information and with the instructions to Form 10-Q and Rule 10-01
     of Regulation S-X. Accordingly,  they do not include all of the information
     and footnotes  required by generally  accepted  accounting  principles  for
     complete  financial   statements.   In  the  opinion  of  management,   all
     adjustments  (consisting of normal recurring accruals) considered necessary
     for a fair presentation have been included. Operating results for the three
     months ended March 31, 2001 are not  necessarily  indicative of the results
     that may be expected for the year ending  December  31,  2001.  For further
     information,  refer to the consolidated  financial statements and footnotes
     thereto  included in the Company's  Annual Report on Form 10-K for the year
     ended December 31, 2000.

     Certain  prior  period  amounts  have been  reclassified  to conform to the
     current presentation.

2.   Restructuring Charges

     The Company  recorded  restructuring  costs in November 2000 as a result of
     the completion of a consolidation review. This charge consisted of employee
     severance and related costs of (UK Pound)5.9  million for approximately 470
     employees to be terminated  and lease exit costs of (UK Pound)1.0  million.
     As of March 31, 2001, (UK  Pound)393,000 of the provision had been used for
     employee severance.  As of March 31, 2001,  approximately 135 employees had
     been  terminated.  The  remaining  restructuring  reserve of (UK  Pound)6.5
     million includes (UK Pound)5.5 million for employees  severance and related
     costs and (UK Pound)1.0 million for lease exit costs.

3.   Joint Purchasing Alliance Agreement

     The Company and NTL entered into a Joint Purchasing Alliance Agreement (the
     "Alliance  Agreement") on March 5, 1999, pursuant to which the Company acts
     as purchasing agent on behalf of a number of subsidiaries of NTL. Under the
     terms of the Alliance  Agreement,  on March 8, 1999, the Company received a
     deposit of (UK  Pound)137.0  million from various  subsidiaries of NTL. The
     Accounts  Payable  Deposit  is the  funds  held by the  Company  under  the
     Alliance Agreement.

4.   Comprehensive Loss

     Comprehensive  loss for the three  months ended March 31, 2001 and 2000 was
     (UK Pound)91,553,000 and (UK Pound)44,257,000, respectively.

                                       6
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                                   (Unaudited)


5.   Property and Equipment

     Property and equipment consists of (in (UK Pound)000's):

<TABLE>
<CAPTION>
                                                                   March 31,              December 31,
                                                                     2001                     2000
                                                              ------------------       ------------------
                                                                  (Unaudited)
<S>                                                            <C>                      <C>
     Operating equipment....................................   (UK Pound)704,487        (UK Pound)678,137
     Other equipment........................................              26,245                   26,198
     Construction in progress...............................              10,526                   18,305
                                                              ------------------       ------------------
                                                                         741,258                  722,640
     Accumulated depreciation...............................            (211,669)                (198,538)
                                                              ------------------       ------------------
                                                               (UK Pound)529,589        (UK Pound)524,102
                                                              ==================       ==================
</TABLE>

6.   Notes Payable

     Notes payable consist of (in (UK Pound)000's):

<TABLE>
<CAPTION>
                                                                 March 31,               December 31,
                                                                   2001                       2000
                                                            -------------------       -------------------
                                                                (Unaudited)
<S>                                                          <C>                       <C>
     13 1/4% Senior Discount Notes..........................  (UK Pound)200,917         (UK Pound)190,639
     11 3/4% Senior Discount Notes..........................            374,174                   355,034
     10 3/4% Senior Discount Notes..........................            270,482                   250,014
     10% Senior Sterling Notes..............................            135,000                   135,000
     9 1/8% Senior Notes....................................             77,449                    73,487
                                                            -------------------       -------------------
                                                            (UK Pound)1,058,022       (UK Pound)1,004,174
                                                            ===================       ===================
</TABLE>

7.   Related Party Transactions

     Since the  acquisition of the Company by NTL in March 1999, a subsidiary of
     NTL has been providing management,  financial, legal and technical services
     to the Group.  Beginning  in the fourth  quarter of 1999,  this  subsidiary
     began  charging the Group for these  services  using an allocation  formula
     based on customers.  The Group was charged (UK  Pound)19.9  million and (UK
     Pound)3.2  million  for the three  months  ended  March  31,  2001 and 2000
     respectively,  which is  included in  selling,  general and  administrative
     expenses and in the due to affiliates  balance.  It is not  practicable  to
     determine  the amount of these  expenses  that would have been incurred had
     the Group operated as an unaffiliated  entity. In the opinion of management
     of the Group, the allocation method is reasonable.

                                       7
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Concluded)
                                   (Unaudited)

8.   Summarized Financial Information about Diamond Holdings Limited

     On February 6, 1998, Diamond Holdings, a subsidiary of the Company,  issued
     (UK  Pound)135.0  million  principal  amount  of its 10%  Senior  Notes due
     February 1, 2008 and $110.0 million  principal  amount of its 9 1/8% Senior
     Notes due February 1, 2008  (together,  the "1998  Notes").  The 1998 Notes
     have  been  fully  and  unconditionally  guaranteed  by the  Company  as to
     principal,  interest and other amounts due. The Company has no  independent
     operations  and  no  subsidiaries  other  than  Diamond  Holdings.  Diamond
     Holdings  is  restricted  in its  ability  to make funds  available  to the
     Company  except for funds to pay  interest  on the  Discount  Notes and (UK
     Pound)5  million   annually.   The  following  table  presents   summarized
     consolidated  financial  information for Diamond Holdings as of and for the
     three months ended March 31, 2001. This summarized financial information is
     being provided pursuant to Article 3-10(c) of Regulation S-X.

<TABLE>
<CAPTION>
                                                                      Three months
                                                                          ended                     Year ended
                                                                         March 31,                 December 31,
                                                                            2001                       2000
                                                                     ------------------         -------------------
                                                                                 (in (UK Pound)000's)
<S>                                                                   <C>                        <C>
     Summarized Consolidated Results of Operations Information
     Revenue...................................................        (UK Pound)42,357           (UK Pound)150,359
                                                                     ==================         ===================

     Operating costs and expenses..............................        (UK Pound)56,143           (UK Pound)197,488
                                                                     ==================         ===================

     Net loss..................................................       (UK Pound)(95,253)         (UK Pound)(217,279)
                                                                     ==================         ===================
</TABLE>

<TABLE>
<CAPTION>
                                                                         March 31,                   December 31,
                                                                            2001                         2000
                                                                     ------------------         -------------------
                                                                                 (in (UK Pound)000's)
<S>                                                                   <C>                         <C>
     Summarized Consolidated Balance Sheet Information
     Current assets............................................        (UK Pound)29,285            (UK Pound)30,383
     Fixed and noncurrent assets...............................                 604,936                     600,840
                                                                     ------------------         -------------------
     Total assets..............................................       (UK Pound)634,221           (UK Pound)631,223
                                                                     ==================         ===================

     Current liabilities.......................................        (UK Pound)98,837            (UK Pound)52,858
     Noncurrent liabilities....................................               1,171,290                   1,119,018
     Shareholder's deficiency..................................                (635,906)                   (540,653)
                                                                     ------------------         -------------------
     Total liabilities and shareholder's deficiency............       (UK Pound)634,221           (UK Pound)631,223
                                                                     ==================         ===================
</TABLE>

                                       8
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
-------   ---------------------------------------------------------------
          RESULTS OF OPERATIONS
          ---------------------

Overview
--------

Diamond Cable Communications Limited (formerly Diamond Cable Communications Plc)
(the  "Company")  is a holding  company which holds all of the shares of various
companies which operate broadband  communications networks for telephone,  cable
television and Internet  services in the United Kingdom (the "UK").  The Company
holds these shares through an intermediate  holding  company,  Diamond  Holdings
Limited  (formerly  Diamond  Holdings Plc) ("Diamond  Holdings").  Except as the
context may  otherwise  require,  references to the "Group" refer to the Company
and its subsidiaries.

Liquidity and Capital Resources
-------------------------------

The Company issued senior  discount notes in September  1994,  December 1995 and
February 1997  (collectively,  the "Discount Notes").  In February 1998, Diamond
Holdings  issued two new series of notes (the "1998 Notes").  The 1998 Notes are
guaranteed  by the Company as to payment of  principal,  interest  and any other
amounts  due. In  connection  with the  issuance  of the 1998  Notes,  the Group
terminated its existing bank facility.

The further development and construction of the Group's broadband communications
network  will  require  substantial  capital  investment.  The  Group  currently
estimates that the additional capital expenditures and debt service requirements
of the Group,  net of cash from operations  from April 1, 2001 through  December
31,  2001  will  be  approximately  (UK  Pound)114.0   million.   These  capital
expenditures  could vary  significantly  depending on, among other  things,  the
number of  customers  actually  connected to the network,  the  availability  of
construction   resources,   the  impact  of  competition  from  other  cable  or
telecommunications  operators or television delivery platforms,  and the pace of
the  Group's   construction   program.  The  Group  expects  to  meet  its  cash
requirements through debt or equity from NTL or other NTL subsidiaries.

To the extent that the amounts  required  for  capital  expenditures  exceed the
estimates,  or the Group's cash flow does not meet  expectations,  the amount of
cash requirements  will increase.  There can be no assurance that debt or equity
financing  will be available to the Group on acceptable  commercial  terms or at
all.

Condensed Consolidated Statements of Cash Flows
-----------------------------------------------

Net cash provided by (used in) operating  activities  amounted to (UK Pound)30.3
million and (UK  Pound)(42.8)  million for the three months ended March 31, 2001
and 2000,  respectively.  During the three months ended March 31, 2001, net cash
provided by operating  activities is primarily due to a (UK  Pound)50.6  million
increase in due to affiliates.  The remainder of the change is due to changes in
working capital as a result of the timing of receipts and disbursements.

Net cash used in investing activities amounted to (UK Pound)32.4 million and (UK
Pound)14.6  million  for the  three  months  ended  March  31,  2001  and  2000,
respectively, primarily for continuing fixed asset purchases.

Net cash used in  financing  activities  amounted to (UK  Pound)296,000  and (UK
Pound)589,000 for the three months ended March 31, 2001 and 2000,  respectively,
for mortgage principal payments and capital lease payments.

                                       9
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

Results of Operations for the Three Months Ended March 31, 2001 and 2000
------------------------------------------------------------------------

Revenue for the three  months  ended March 31, 2001 and 2000 was (UK  Pound)42.4
million and (UK Pound)35.8  million,  respectively,  representing an increase of
18.2%.  This growth was  primarily  attributable  to  increases in the number of
telephone lines and cable television  customers,  together with the provision of
new services.  During 2001, the Company intends to drive the majority of revenue
growth from  increases in average  revenue per customer  rather than through the
addition  of new  customers.  This  allows the  Company to achieve  its  revenue
targets,  have a lower  capital  requirement  due to  fewer  installations,  and
improve  EBITDA as the  Company  reduces  front-loaded  costs  such as  customer
acquisition costs and initial maintenance costs.

For the three months ended March 31, 2000,  certain costs have been reclassified
from selling,  general and administrative expenses to operating costs to conform
to the 2001 classification.

Operating costs,  including network  expenses,  for the three months ended March
31,  2001 and 2000 were (UK  Pound)21.0  million,  and (UK  Pound)14.6  million,
respectively, representing an increase of 43.4%. Operating costs as a percentage
of revenue  was 49.5% and 40.8% for the three  months  ended  March 31, 2001 and
2000, respectively.  This increase is predominantly attributable to increases in
interconnection  costs and programming  costs as a result of growth in telephone
lines and cable television customers.

Selling,  general and  administrative  expenses for the three months ended March
31,  2001 and 2000  were (UK  Pound)24.0  million  and (UK  Pound)11.4  million.
Beginning in the fourth  quarter of 1999, a subsidiary of NTL began charging the
Group for management, financial, legal and technical services it provides to the
Group.  These charges were (UK Pound)19.9  million and (UK Pound)3.2  million in
the three months ended March 31, 2001 and 2000,  respectively.  After  adjusting
for  the  NTL  charges,  selling,  general  and  administrative  expenses  as  a
percentage  of revenue was 9.7% and 22.9% for the three  months  ended March 31,
2001 and 2000, respectively.

Depreciation and amortization  expense for the three months ended March 31, 2001
and 2000 was (UK Pound)11.2 million,  and (UK Pound)19.2 million,  respectively,
representing  a decrease of (UK  Pound)8.0  million.

Interest  expense and  amortization  of debt discount and expenses for the three
months  ended  March  31,  2001  and 2000 was (UK  Pound)30.2  million,  and (UK
Pound)26.1  million,  respectively,  representing  an increase of (UK  Pound)4.1
million.  For the three months ended March 31, 2001,  interest  expense includes
the accretion of the discount on the Discount  Notes of (UK  Pound)7.0  million,
interest  on the  1994,  1995  and  1998  Notes of (UK  Pound)22.5  million  and
amortization  of debt  financing  costs of (UK  Pound)0.7.  For the three months
ended March 31, 2000, interest expense includes the accretion of the discount on
the  Discount  Notes of (UK  Pound)14.3  million,  interest on the 1994 and 1998
Notes of (UK Pound)10.9  million,  amortization  of debt financing  costs of (UK
Pound)600,000 and other interest expense of (UK Pound)300,000.

A substantial  portion of the Group's  existing debt obligations are denominated
in U.S.  dollars,  while the Group's  revenues and expenses  are  generated  and
stated in UK pounds  sterling.  During the three months ended March 31, 2001 and
2000, the Group recorded net foreign  exchange losses of (UK Pound)47.6  million
and (UK Pound)10.3 million, respectively, primarily due to the unrealized losses
on translation of its Discount Notes and 1998 Notes. Changes in foreign currency
exchange rates may affect the Group's ability to satisfy its  obligations  under
these debt instruments as they become due.

The Company  recorded  restructuring  costs in November  2000 as a result of the
completion  of  a  consolidation  review.  This  charge  consisted  of  employee
severance  and related  costs of (UK  Pound)5.9  million for  approximately  470
employees to be terminated and lease exit costs of (UK Pound)1.0 million.  As of
March 31, 2001,  (UK  Pound)393,000  of the provision had been used for employee
severance.  As  of  March  31,  2001,   approximately  135  employees  had  been
terminated.  The  remaining  restructuring  reserve  of  (UK  Pound)6.5  million
includes (UK Pound)5.5 million for employees severance and related costs and (UK
Pound)1.0 million for lease exit costs.

                                       10
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
--------------------------------------------------------------------------------

Certain statements contained herein constitute  "forward-looking  statements" as
that term is defined under the Private Securities Litigation Reform Act of 1995.
When used  herein,  the  words,  "believe,"  "anticipate,"  "should,"  "intend,"
"plan," "will," "expects," "estimates,"  "projects,"  "positioned,"  "strategy,"
and  similar  expressions   identify  such  forward-looking   statements.   Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors that may cause the actual results,  performance or achievements of
the  Group,  or  industry  results,  to  be  materially   different  from  those
contemplated, projected, forecasted, estimated or budgeted, whether expressed or
implied, by such forward-looking statements. Such factors include the following:
general  economic and business  conditions,  the Group's  ability to continue to
design  networks,   install   facilities,   obtain  and  maintain  any  required
governmental licenses or approvals and finance construction and development, all
in a timely manner at reasonable costs and on satisfactory terms and conditions,
as well as assumptions about customer  acceptance,  churn rates,  overall market
penetration and competition from providers of alternative  services,  the impact
of new business  opportunities  requiring  significant up-front investment,  and
availability, terms and deployment of capital. The Company assumes no obligation
to update the  forward-looking  statements  contained  herein to reflect  actual
results, changes in assumptions or changes in factors affecting such statements.




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<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
-------   ----------------------------------------------------------

          There have been no material changes in the reported market risks since
          the end of the most recent fiscal year.

PART II.  OTHER INFORMATION
--------  -----------------

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
-------   --------------------------------

          (a)  Exhibits:

               None.

          (b)  Reports on Form 8-K:

               No  reports  on Form 8-K were  filed by the  Company  during  the
               quarter ended March 31, 2001.




                                       12
<PAGE>
                      DIAMOND CABLE COMMUNICATIONS LIMITED
                                    FORM 10-Q
                          QUARTER ENDED MARCH 31, 2001

                                   SIGNATURES
                                   ----------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                       DIAMOND CABLE COMMUNICATIONS LIMITED
                                       ----------------------------------------



Date: May 14, 2001                     By:  /s/ Stephen A. Carter
                                            -----------------------------------
                                            Stephen A. Carter
                                            Director and Chief Operating Officer


Date: May 14, 2001                     By:  /s/ Stuart Ross
                                            -----------------------------------
                                            Stuart Ross
                                            Director and Chief Financial Officer








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