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                                  Joel Dumaresq
                                    PRESIDENT
                              Solar Energy Limited
                              112 C Longview Drive
                              Los Alamos, NM 87544
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                             KARL E. RODRIGUEZ, ESQ
                     34700 Pacific Coast Highway, Suite 303
                           Capistrano Beach, CA 92624
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------


                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

              [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                      For the Quarter ended March 31, 2001

                         Commission File Number: 1-30060

                              SOLAR ENERGY LIMITED

Delaware                                                              76-0418364
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

112  C  Longview  Drive,  Los  Alamos,  New  Mexico                        87544
(Address  of  principal  executive  offices)                         (Zip  Code)

Registrant's  telephone  number,  including  area  code:         (505)  672-2000



As  of  March  31,  2001,  13,153,911  shares  of  Common  Stock were issued and
outstanding.


Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]

                                        1


                          PART I: FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS.

     The  financial  statements,  for  the  three  months  ended March 31, 2001,
included herein have been prepared by the Company, without audit pursuant to the
rules  and  regulations  of  the  Securities  and  Exchange  Commission. Certain
information  and  footnotes disclosure normally included in financial statements
prepared  in  accordance with generally accepted accounting principles have been
condensed  or  omitted  pursuant  to  such  rules  and regulations, although the
Company  believes  that the disclosures are adequate to make the information not
misleading.

         The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                        2


                              SOLAR ENERGY LIMITED
                          (a Development Stage Company)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
<S>                                                  <C>           <C>
                                                     March 31,     December 31,
ASSETS. . . . . . . . . . . . . . . . . . . . . . .         2001            2000
---------------------------------------------------  ------------  --------------
                                                      (Unaudited)
Current Assets
  Cash and Cash Equivalents . . . . . . . . . . . .  $    57,088   $      38,331
  Employee Advance. . . . . . . . . . . . . . . . .        1,384           1,384
  Prepaid Expenses. . . . . . . . . . . . . . . . .          206             206
                                                     ------------  --------------
Total Current Assets. . . . . . . . . . . . . . . .       58,678          39,921
                                                     ------------  --------------
Property & Equipment, Net . . . . . . . . . . . . .       33,610          35,610
                                                     ------------  --------------
Other Assets
  Patent Costs. . . . . . . . . . . . . . . . . . .       48,659          48,534
  Goodwill. . . . . . . . . . . . . . . . . . . . .       29,158          33,328
  Deposits. . . . . . . . . . . . . . . . . . . . .        4,837           4,837
                                                     ------------  --------------
Total Other Assets. . . . . . . . . . . . . . . . .       82,654          86,699
                                                     ------------  --------------
    Total Assets. . . . . . . . . . . . . . . . . .  $   174,942   $     162,230
                                                     ============  ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Accounts Payable. . . . . . . . . . . . . . . . .  $   180,883   $     166,089
  Accrued Liabilities . . . . . . . . . . . . . . .       37,805          64,292
  Notes Payable - Related Party . . . . . . . . . .      859,956         749,156
  Current Portion of Long Term Liabilities. . . . .      104,480               0
                                                     ------------  --------------
Total Current Liabilities . . . . . . . . . . . . .    1,183,124         979,537
                                                     ------------  --------------
Long Term Liabilities
  Notes Payable . . . . . . . . . . . . . . . . . .      115,216         100,000
  Less:  Current Portion of Long Term Liabilities .     (104,480)              0
                                                     ------------  --------------
Total Long Term Liabilities . . . . . . . . . . . .       10,736         100,000
                                                     ------------  --------------
Minority Interest . . . . . . . . . . . . . . . . .      129,030         135,625
                                                     ------------  --------------
Stockholders' Equity
Common Stock, Authorized
   50,000,000 Shares of $.0001 Par Value,
    Issued and Outstanding 13,153,911 . . . . . . .        1,315           1,315
  Additional Paid in Capital. . . . . . . . . . . .    1,797,197       1,797,197
  Deficit Accumulated During the Development Stage.   (2,946,460)     (2,851,444)
                                                     ------------  --------------
Total Stockholders' Equity. . . . . . . . . . . . .   (1,147,948)     (1,052,932)
                                                     ------------  --------------
    Total Liabilities and Stockholders' Equity. . .  $   174,942   $     162,230
                                                     ============  ==============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        3


                              SOLAR ENERGY LIMITED
                          (a Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                   <C>              <C>
                                      For the three    For the three
                                       months ended     months ended
                                         March 31,        March 31,
                                           2001             2000
                                      ---------------  ---------------
Revenues . . . . . . . . . . . . . .  $            0   $            0
Operating Expenses
  General & Administrative . . . . .         101,717           24,341
  Research & Development . . . . . .               0          207,880
                                      ---------------  ---------------
    Total Expenses . . . . . . . . .         101,717          232,221
                                      ---------------  ---------------
Net Operating Loss . . . . . . . . .        (101,717)        (232,221)
                                      ---------------  ---------------
Other Income(Expense)
  Minority Interest. . . . . . . . .           6,595                0
  Interest Income. . . . . . . . . .             106            1,508
                                      ---------------  ---------------
    Total Other Income(Expense). . .           6,701            1,508
                                      ---------------  ---------------
Net Income (Loss). . . . . . . . . .  $      (95,016)  $     (230,713)
                                      ===============  ===============
Net Loss Per Share . . . . . . . . .  $        (0.01)  $        (0.02)
                                      ===============  ===============
Weighted Average Shares Outstanding.      13,153,911       13,153,911
                                      ===============  ===============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        4


                              SOLAR ENERGY LIMITED
                          (a Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
<S>                                                 <C>          <C>
                                                   For the three months ended
                                                            March 31,
----------------------------------------------------------------------------
                                                          2001        2000
                                                    -----------  ----------

Cash Flows from Operating Activities

  Net Income (Loss). . . . . . . . . . . . . . . .  $  (95,016)  $(230,713)
  Adjustments to Reconcile Net Loss to Net Cash
    Provided by Operations:
    Depreciation & Amortization. . . . . . . . . .       6,170      17,167
    Minority Interest. . . . . . . . . . . . . . .      (6,595)          0
  Change in Assets and Liabilities
     Increase/ (Decrease) in:
     Accounts Payable. . . . . . . . . . . . . . .      14,794       4,779
     Accrued Expenses. . . . . . . . . . . . . . .     (26,487)    (11,699)
                                                    -----------  ----------
  Net Cash Provided(Used) by Operating Activities.    (107,134)   (220,466)
                                                    -----------  ----------
Cash Flows from Investing Activities
  Cash Paid for Patents. . . . . . . . . . . . . .        (125)          0
                                                    -----------  ----------
Net Cash Provided (Used) by Investing Activities .        (125)          0
                                                    -----------  ----------
Cash Flows from Financing Activities
  Proceeds from Debt Financing . . . . . . . . . .     126,016     166,530
                                                    -----------  ----------
  Net Cash Provided(Used) by Financing Activities.     126,016     166,530
                                                    -----------  ----------
Increase (Decrease) in Cash. . . . . . . . . . . .      18,757     (53,936)
                                                    -----------  ----------
Cash and Cash Equivalents at Beginning of Period .      38,331     263,371
                                                    -----------  ----------
Cash and Cash Equivalents at End of Period . . . .  $   57,088   $ 209,435
                                                    ===========  ==========
Cash Paid For:
  Interest . . . . . . . . . . . . . . . . . . . .  $        0   $       0
  Income Taxes . . . . . . . . . . . . . . . . . .  $        0   $       0
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        5


                              SOLAR ENERGY LIMITED
                        NOTES TO THE FINANCIAL STATEMENTS
                                 MARCH 31, 2001

GENERAL

SOLAR  ENERGY  LIMITED(THE  COMPANY)  HAS  ELECTED  TO  OMIT  SUBSTANTIALLY  ALL
FOOTNOTES  TO THE FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2001
SINCE  THERE  HAVE  BEEN  NO  MATERIAL  CHANGES  (OTHER  THAN INDICATED IN OTHER
FOOTNOTES) TO THE INFORMATION PREVIOUSLY REPORTED BY THE COMPANY IN THEIR ANNUAL
REPORT  FILED  ON  THE  FORM 10-KSB FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000.


UNAUDITED  INFORMATION

THE  INFORMATION  FURNISHED  HEREIN  WAS TAKEN FROM THE BOOKS AND RECORDS OF THE
COMPANY  WITHOUT  AUDIT.  HOWEVER,  SUCH  INFORMATION  REFLECTS  ALL  NORMAL AND
RECURRING  ADJUSTMENTS  WHICH  ARE,  IN  THE OPINION OF MANAGEMENT, NECESSARY TO
PROPERLY  REFLECT  THE RESULTS OF THE INTERIM PERIOD PRESENTED.  THE INFORMATION
PRESENTED  IS NOT NECESSARILY INDICATIVE OF THE RESULTS FROM OPERATIONS EXPECTED
FOR  THE  FULL  FISCAL  YEAR.

                                        6


              ITEM 2. DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

     We are a research and development company with no revenues and no immediate
source  or  expectation  of  revenue  generation.  We have had no revenues since
inception.  We  have  been funded by our shareholder investors. Virtually all of
the  funding/working  capital raised to date has been allocated for research and
development  of our several prototype projects. All projects developed by us are
experimental  in  nature  and are recorded as research and development expenses.

 (A)  PLAN  OF  OPERATION  FOR  THE NEXT TWELVE MONTHS. Our Plan of Operation is
unchanged  from  our  recently  filed  annual  report  on  Form  10-KSB.

      (1)  CASH REQUIREMENTS AND OF NEED FOR ADDITIONAL FUNDS, TWELVE MONTHS. We
have depended and do depend on continued support from our principal shareholders
to  cover  any  shortfall.  There  is no binding agreement by which these or any
shareholders  are  committed  to  continue funding our research and development.
While  our  shareholders  have  indicated  no lack of continuing support, if our
required  funding  is  not  provided,  we may not be able to continue as a going
concern.  We require approximately $3,000,000 to meet our budgetary requirements
for the next 12 months. If our requirements are not met in full, it may slow our
research  and  development  and  reduce our expectations as to how soon we might
acheive  profitability.

      (2)  SUMMARY  OF  PRODUCT  RESEARCH  AND  DEVELOPMENT. This information is
unchanged  from  our  recently  filed  annual  report  on  Form  10-KSB.

      (3)  EXPECTED  PURCHASE  OR SALE OF PLANT AND SIGNIFICANT EQUIPMENT. None.

      (4)  EXPECTED  SIGNIFICANT  CHANGE  IN  THE  NUMBER  OF  EMPLOYEES.  None.

 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  are  a  research  and  development company with no revenues and no immediate
source  or  expectation  of  revenue  generation.  We have had no revenues since
inception.

                           PART II: OTHER INFORMATION

                                        7


ITEM  1.  LEGAL  PROCEDINGS.  None


ITEM  2.  CHANGES  IN  SECURITIES.  None


ITEM  3.  DEFAULTS  ON  SENIOR  SECURITIES.  None


ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None


ITEM  5.  OTHER  INFORMATION.  None


ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.  None

                                        8


                                   SIGNATURES

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-QSB  Report for the Quarter ended March 31, 2001, has been signed below
by  the  following person on behalf of the Registrant and in the capacity and on
the  date  indicated.


Dated:  May  15,  2001


                              SOLAR ENERGY LIMITED

                         (formerly Salvage World, Inc. )
                      (originally Taurus Enterprises, Inc.)


/s/Melvin L. Prueitt              /s/Joel S. Dumaresq
   Dr.  Melvin  L.  Prueitt          Joel  S.  Dumaresq
   Chairman/Director                 President/Director

/s/Norman Wareham                   /s/David F. Jones
   Norman  Wareham                     David  F.  Jones
   Secretary/Treasurer/Director        Director


/s/Reed  Jensen
   Dr.  Reed  Jensen
   Director

                                        9