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

                                   FORM 10-QSB/A

                 (X) QUARTERLY REPORT UNDER SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                      FOR THE QUARTER ENDED MARCH 31, 2002

                        Commission File Number:  0-30060

                              SOLAR ENERGY LIMITED
        (Exact name of small business issuer as specified in its charter)

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  May  6,  2002,  there  were  3,647,208 shares of Common Stock issued and
outstanding.

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

This amendment is being made to adjust an error made in  the conversion to Edgar
format.  The  error  was made on the balance sheet, and the correct balance
sheet is filed herewith.

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                         PART I:  FINANCIAL INFORMATION

                         ITEM 1.  FINANCIAL STATEMENTS.

The  financial  statements,  for the three months ended March 31, 2002, 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  footnote  disclosures 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.




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                               SOLAR ENERGY LIMITED
                          (a Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                        March 31     December 31,
ASSETS                                                    2002           2001
----------------------------------------------------------------------------------
<S>                                                   <C>           <C>
         (Unaudited)
 Current Assets
   Cash and Cash Equivalents . . . . . . . . . . . .  $    19,471   $      23,741
   Accounts Receivable . . . . . . . . . . . . . . .                       11,994
   Other Current Assets. . . . . . . . . . . . . . .          790             400
                                                      ------------  --------------
     Total Current Assets. . . . . . . . . . . . . .       20,261          36,135

 Property and Equipment, Net . . . . . . . . . . . .        7,503           9,234

 Other Assets
   Patent Costs. . . . . . . . . . . . . . . . . . .       34,132          34,005
   Goodwill. . . . . . . . . . . . . . . . . . . . .       12,778          16,948
   Deposits. . . . . . . . . . . . . . . . . . . . .        4,837           4,837
                                                      ------------  --------------
     Total Other Assets. . . . . . . . . . . . . . .       51,747          55,790

   Total Assets. . . . . . . . . . . . . . . . . . .  $    79,511   $     101,159
                                                      ============  ==============

 LIABILITIES AND STOCKHOLDERS EQUITY

 Current Liabilities
   Accounts Payable. . . . . . . . . . . . . . . . .  $    86,567   $      90,940
   Accrued Liabilities . . . . . . . . . . . . . . .       77,146          70,537
   Notes Payable - Related Party . . . . . . . . . .      556,135         510,893
                                                      ------------  --------------
     Total Current Liabilities . . . . . . . . . . .      719,848         672,370


 Minority Interest . . . . . . . . . . . . . . . . .      107,150         107,150

 Stockholders' Equity
   Common Stock, authorized 50,000,000 shares
   of $.0001 par value, issued and outstanding
   3,647,208 shares. . . . . . . . . . . . . . . . .          365             365
   Additional Paid in Capital. . . . . . . . . . . .    2,573,621       2,573,621
   Deficit Accumulated During the Development Stage.   (3,321,473)     (3,252,347)
                                                      ------------  --------------
     Total Stockholders Equity . . . . . . . . . . .     (750,487)       (678,361)

   Total Liabilities and Stockholders Equity . . . .  $    76,511   $     101,159
                                                      ============  ==============
</TABLE>

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

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

ITEM  5.  OTHER  INFORMATION.  SUBSEQUENT  EVENTS.  None

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



                                   SIGNATURES

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-QSB  Report for the Quarter ended March 31, 2002, has been signed below
by  the  following person on behalf of the Registrant and in the capacity and on
the  date  indicated.

Dated:  May  7,  2002


                              SOLAR ENERGY LIMITED




/s/Melvin  L.  Prueitt
   Dr.  Melvin  L.  Prueitt
   Chairman/Director

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