--------------------------------------------------------------------------------
                                  Joel Dumaresq
                                    PRESIDENT
                              Solar Energy Limited
               112 C Longview Drive, Los Alamos, New Mexico 87544
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                              William Stocker, ESQ
                              24843 Del Prado, #318
                              Dana Point, CA 92629
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------


                                   FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


   [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF
   1934

                    For the Quarter ended September 30, 2000

                         Commission File Number: 0-30060

                              SOLAR ENERGY LIMITED

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

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

Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None

Securities  registered pursuant to Section 12(g) of the Act:   13,153,911

Yes[x]   No[]  (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.)

As  of  September  30,  2000  the  number  of  shares  outstanding  of
the  Registrant's  Common  Stock  was  13,153,911

                                        1
<PAGE>

                                  INTRODUCTION

     Our  1934  Securities  Exchange  Act  registration  of our common stock has
become  effective  during  1999,  but  has not yet cleared final comments by the
Staff  of  the  Securities  and  Exchange  Commission.

                          PART I: FINANCIAL INFORMATION


                         ITEM 1.   FINANCIAL STATEMENTS.

     Attached  hereto and incorporated herein by this reference are consolidated
unaudited  financial  statements under cover of Exhibit 00QF-3 for the three and
nine  months  ended  September  30,  2000.  Please  see  Item 2, following for a
discussion.



Balance Sheet . . . . . . . .      9/30/00       6/30/00      12/31/99
-----------------------------------------------------------------------
Cash and Equivalents. . . . .  $    41,263   $   132,961   $   263,371
Note Receivable (RECO/JADE) .            0        65,000             0
Current Assets. . . . . . . .       41,263       197,961       263,371
Property and Equipment, Net .       46,696        46,696        25,297
=============================  ============  ============  ============
Patent Costs. . . . . . . . .       35,666        33,062        33,549
Goodwill. . . . . . . . . . .      400,406       415,573       445,908
Deposits. . . . . . . . . . .        4,837         4,537         4,537
Other Assets. . . . . . . . .      487,605       499,868       509,291
=============================  ============  ============  ============
Total Assets. . . . . . . . .      528,868       697,829       772,662
=============================  ============  ============  ============
Accounts Payable. . . . . . .       76,937        55,525        58,973
Accrued Expenses. . . . . . .       31,595        40,808        16,183
Notes Payable (Related Party)      617,609       654,609       428,639
Total Current Liabilities . .      726,141       750,942       503,795
=============================  ============  ============  ============
Minority Interest . . . . . .      162,800             0             0
Common Stock. . . . . . . . .        1,315         1,315         1,315
Paid in Capital . . . . . . .    1,797,197     1,797,197     1,797,197
Retained Deficit. . . . . . .   (2,158,585)   (2,014,425)   (1,529,645)
=============================  ============  ============  ============
Total Liabilities . . . . . .      162,800             0             0

                                        2
<PAGE>

<TABLE>
<CAPTION>
<S>                                 <C>             <C>             <C>           <C>
                                                  Three Months                  Nine Months
                                                  September 30                 September 30
                                             2000            1999          2000          1999
----------------------------------------------------------------------------------------------
Sales: . . . . . . . . . . . . . .  $        0.00   $        0.00   $      0.00   $      0.00
Cost of Goods Sold:
Gross Profit:. . . . . . . . . . .              0               0             0             0
Operating Expenses:
General and Administrative . . . .        (51,808)        (13,551)     (197,798)      (32,274)
Research and Development . . . . .       (192,880)       (135,982)     (552,353)     (361,558)
Operating Loss . . . . . . . . . .       (244,688)       (149,533)     (750,151)     (393,832)
Other Income and (Expenses). . . .              0               0             0             0
Gain on sale of Investment . . . .              0               0        17,200             0
Gain on sale of assets . . . . . .        100,000               0       100,000             0
Interest Income. . . . . . . . . .            528           1,872         4,011         5,903
Total Other Income and  (Expenses)        100,528           1,872       121,211         5,903
Net Income (Loss). . . . . . . . .       (144,160)       (147,661)     (628,940)     (387,929)
Net Income (Loss) per share. . . .          (0.01)          (0.01)        (0.04)        (0.03)
                                    ==============  ==============  ============  ============
Weighted Average common shares . .     13,153,911      12,353,911    13,153,911    12,587,244
</TABLE>


       ITEM 2.  MANAGEMENT'S 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. Of
our  total  expenses  for  the nine months ended September 30, 2000 of $750,151,
research  and  development  accounted  for  $552,353.

 (A)  PLAN  OF  OPERATION: NEXT TWELVE MONTHS. First, in general terms we intend
to  continue  the  development  of  our prototypes  SOLAWATT, SUNSPRING and MECH
ourselves,  through  this  reporting  corporation;  and  we intend to pursue the
development  of our prototypes SOLAREC and HTWO through Jade Electronic, Inc., a
Nevada  corporation.

     SOLAWATT  will  be  the  production  of  electricity  estimated by us to be
one-third  the  current  conventional  cost. SOLAWATT is the name for our unique
plastic-film  solar  collectors,  which  are  placed directly on the ground. Our
patent  application  for  SOLAWATT  (filed  under  its  original and former name
SPAESS)  is  S.N.  09/396,653.

                                        3
<PAGE>

     MECH will be designed as an internal combustion engine having one-third the
size  of  a  conventional engine with the same power and 25% greater efficiency.
The  MECH  engine  could  have  a wide variety of applications from vehicles and
propeller  driven  aircraft,  to  lawn  mowers  and  chain  saws.

     Effective  June  30, 2000, we sold 100% of our interest in Renewable Energy
Corporation (RECO), formerly a wholly-owned subsidiary, to Jade Electronic, Inc.
(Jade),  which  changed its name to Renewable Energy Limited (REEL). We received
63%  of REEL's outstanding stock and cash of $180,000. At the point of sale REEL
had  no  assets  and  no  liabilities. Accordingly, RECO became the only assets,
liabilities  and  operations  of  REEL,  at  June  30,  2000.

     The  authorized  capital  of  JADE  is two hundred million shares of common
stock,  of  par value $0.001 per share, of which 5,000,000 shares are issued and
outstanding, immediately before the transaction. The issuance to us of 8,500,000
shares  results in our initial 63% ownership of the resulting 13,500,000 shares,
immediately  after  the  transaction.  This  transaction  may  be  viewed  as an
acquisition by us of JADE as a controlled subsidiary. This transaction is deemed
by management to better position our assets for both future funding programs and
more focused development of both SOLAREC technology and a marketing strategy for
it.  Although  we owned RECO 100% immediately before the transaction and now own
only  63%  of Jade Electronics, Inc. immediately afterwards, we have sold 37% of
RECO  for  $180,000,  which  we  can  apply  to our own funding requirements. We
believe  that, so positioned, the resulting RECO/JADE corporation could seek its
financing  independently  of  us, on its own merits, and with its own management
(to  be  determined)  to  the  mutual  benefit  of  both  corporations.

     No affiliation has been found between or among the previous shareholders of
JADE  and  our  shareholders  (immediately  preceding  the  transaction).

     The  Projects  of  RECO/REEL  are  as  follows:

     SOLAREC  will  use  only  solar  energy  plus carbon dioxide (CO2) from the
atmosphere  to  produce  a  clean  usable  fuel  (gasoline,  diesel,  etc.) with
electricity  and  oxygen  as  byproducts.

     HTWO  is the concept to produce from coal, economical, pure hydrogen (while
dramatically  reducing CO2 emissions) for use in the growing fuel cell business.
Existing fossil fuel-based industrial production of hydrogen generates nearly as
much  CO2 as the normal operation of an internal combustion engine. This project
is  currently  at  a  computer  concept, research and feasibility stage and will
greatly  depend  upon  the  success  of  the next twelve month phase of SOLAREC.

      (1)  CASH  REQUIREMENTS  AND OUR 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. The agreement with REEL provided needed
capital  and  we  intend  to  raise  additional funds through public and private
offerings,  as  needed  to  support  our  continuing  operations.

RISK  FACTORS.  Note 2 of our Auditor's report for the previous year end states:
"The Company has had recurring operational losses for the past several years and
is  dependent upon financing to continue operations. The financial statements do
not  include  any  adjustments  that  might  result  from  this  uncertainty.
Notwithstanding  our confidence in our sophisticated shareholders, and soundness
of  these  reorganizational plans, we remain dependent on investor confidence in

                                        4
<PAGE>

our  future.  There  can  be  no  assurance  offered  to  the  public  by  these
disclosures,  or  otherwise,  that  we  will  be  successful,  or  that  we will
ultimately succeed as a going concern. To the extent that existing resources and
any  future  earnings prove insufficient to fund our activities, we will need to
raise  additional  funds through debt or equity financing. We cannot assure that
such  additional  financing  will  be available or that, if available, it can be
obtained  on terms favorable to us and our stockholders. In addition, any equity
financing  could result in dilution to our stockholders. Our inability to obtain
adequate  funds  could  adversely affect our operations and ability to implement
our  business strategy. Even if we are successful in raising capital through the
sources  specified,  there can be no assurances that any such financing would be
available  in  a  timely  manner  or  on  terms acceptable to us and our current
shareholders.  Also,  any  additional  equity financing could be dilutive to our
then  existing  shareholders,  and  any debt financing could involve restrictive
covenants  with respect to future capital raising activities and other financial
and  operational  matters.

 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  are a  development stage company. Our activities to date consist entirely of
research  and  development.

      (1)  OPERATIONS  AND  RESULTS  FOR THE PAST THREE AND NINE MONTHS. We have
been  entirely devoted to research and development for the past two and one-half
years,  1998 and 1999, and the nine months ended September 30, 2000. We continue
to  be  so  devoted.  We  have  enjoyed  no  revenues  since  inception.

     Our  research and development has accelerated slightly in the last quarter:
$192,880/$151,953.  Comparison  with  1999 is not meaningful, as our development
continues to accelerate as our projects near operational status. Our General and
Administrative expenses remain consistently comparable; however, recent quarters
have  reflected  non-recurring  expenses  for legal and professional expenses in
connection with our 1934 Act Registration, and continuing comments and responses
by  and  to the Staff of the Commission. Our Form 10-SB is effective but has not
cleared  comments  as  of  the  date  of  this  report.

     Because  we  essentially  sold  37%  of  our  interest  in RECO for cash of
$180,000,  we  recorded  minority  interest  of  $162,500 and a gain of $17,200.
During  August 2000, we sold all intellectual property relating to the SUNSPRING
project  to  Holisticom.com Limited (HCL) for cash of $100,000, and 3,500 shares
of  HCL  common  stock.  We recorded a gain on the sale of $100,000 and recorded
stock  received  at  a  value  of  $0.  There  was  no  recorded  basis  for the
intellectual  property  sold.

      (2)   FUTURE  PROSPECTS.  No  efforts  have  been made to date to identify
other  companies to manufacture our products or to identify probable or targeted
licensees.  We  have determined to await commercially viable prototype readiness
before  addressing  manufacturing  and  marketing  issues.  We  do not expect to
achieve  significant  sales,  if  any,  in  the  next twelve to eighteen months.

     HARPS  and  ACES  projects  have been deferred for the future. We expect to
turn  our  attention to these projects in 18 months to two years. These were our
original  programs  which  inspired  our  current  product development projects.

     Another  future  project  is  H20NOW.  The mission of H20NOW is "to produce
water  that  is not only clean enough to drink but inexpensive enough to be used
for  irrigation  purposes  (i.e.,  less  than  50  cents/1000 gallons)." This is
arguably one of the globe's most pressing problems. Recent tests, by the company
in  Los Alamos, of the H20NOW "proof-of-theory" prototype produced potable water
from  saltwater  using  only solar energy. The unit produced water quantities in
accordance  with  previous computer calculations. The H20NOW project uses "solar
collectors"  to collect solar energy to operate the reverse osmosis system under
its patent pending concept. Three different "solar collectors" are under design,
each to be used in different locations. H20NOW is now refining the system with a
view  to  building  a half-scale working prototype to be used in further testing
which,  if  successful, will lead to marketing and licensing this concept to the
many  parts  of the world that need "water clean enough to drink yet inexpensive

                                        5
<PAGE>

enough  to  be  used  for  irrigation  purposes."  The  company  is  seeking  a
joint-venture  partner  for  the  H20NOW  concept  in  order to arrange funds to
complete  the  project  and  for  subsequent  marketing.

     SUMMARY.  We  do  not  expect  to  achieve profitability in the next twelve
months.  We  are  making  significant  progress  in  developing  and proving our
technologies.  We  are dependent for funding on the support of our shareholders.
There  is no assurance that funding will not run out. There is no assurance that
we  will  succeed  in our various efforts. While no guarantee can be given as to
when  or  whether  we  will  achieve  significant  revenues and profitability, a
reasonable  estimate  is  believed  to  be eighteen months to two years from the
date  of  this  Amended  Report.

                           PART II: OTHER INFORMATION



ITEM  1.  LEGAL  PROCEEDINGS.  None

ITEM  2.  CHANGE  IN  SECURITIES.  None

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.  None

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

ITEM  5.  OTHER  INFORMATION.  None

ITEM  6.  REPORTS  ON  FORM  8-K.  None


                                    EXHIBITS

     Attached  hereto and incorporated herein by this reference are consolidated
unaudited  financial  statements under cover of Exhibit 00QF-3 for the three and
nine  months  ended  September  30,  2000.

                                        6
<PAGE>

                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-QSB  Report  for  the Quarter ended September 30, 2000, has been signed
below  by  the following persons on behalf of the Registrant and in the capacity
and  on  the  date  indicated.


Dated:  November  30,  2000
                              SOLAR ENERGY LIMITED

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



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

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

                                        7
<PAGE>

--------------------------------------------------------------------------------
                             EXHIBIT EXHIBIT 00QF-3

                         UN-AUDITED FINANCIAL STATEMENTS
             FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2000
--------------------------------------------------------------------------------

                                        8
<PAGE>

--------------------------------------------------------------------------------
                              SOLAR ENERGY LIMITED
                       Consolidated  Financial  Statements
                               September 30, 2000
--------------------------------------------------------------------------------

                                        9
<PAGE>

                              SOLAR ENERGY LIMITED
                           Consolidated Balance Sheets


                                     ASSETS
                                                September 30     December 31
                                                   2000              1999
                                                (Unaudited)
--------------------------------------------------------------------------------

Current  Assets
   Cash  and  Cash  Equivalents               $     41,263          $    263,371
                                              ----------------------------------
 Total  Current  Assets                             41,263               263,371
                                              ----------------------------------
Property  and Equipment, net                        46,696                25,297
                                              ----------------------------------
Other  Assets
   Patent  Costs                                    35,666                33,549
   Goodwill                                        400,406               445,908
   Investments  Available for Sale (Note 5)              0                     0
   Deposits                                          4,837                 4,537
                                              ----------------------------------
Total  Other  Assets                               440,909               483,994
                                              ----------------------------------
      Total  Assets                          $     528,868         $     772,662
                                              ==================================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current  Liabilities
   Accounts  Payable                          $     76,937         $      58,973
   Accrued  Expenses                                31,595                16,183
   Notes  Payable  -  Related  Party               617,609               428,639
                                              ----------------------------------
Total  Current Liabilities                         726,141               503,795
                                              ----------------------------------

Minority  Interest  (Note  3)                $     162,800         $           0
                                              ----------------------------------

Stockholders'  Equity
Common Stock, authorized 50,000,000 shares of $.0001
par value, issued and outstanding
13,153,911 shares                                    1,315                 1,315
   Paid  in  Capital                             1,797,197             1,797,197
   Retained  Deficit                            (2,158,585)          (1,529,645)
                                              ----------------------------------
       Total  Stockholders'  Equity               (360,073)              268,867
                                              ----------------------------------
Total Liabilities and Stockholders' Equity  $      528,868         $     772,662
                                              ==================================

                                       10
<PAGE>

                              SOLAR ENERGY LIMITED
                      Consolidated Statements of Operations

                      For the three  For the three  For the nine  For  the  nine
                      months  ended  months  ended  months  ended  months  ended
                      September 30   September 30   September 30   September 30
                           2000          1999           2000           1999
--------------------------------------------------------------------------------

SALES                 $          0   $          0   $          0   $           0

COST  OF  GOODS  SOLD            0              0              0               0
--------------------------------------------------------------------------------
GROSS  PROFIT                    0              0              0               0
--------------------------------------------------------------------------------

OPERATING  EXPENSES
General And Administrative
Expenses                    51,808         13,551        197,798          32,274
Research and Development   192,880        135,982        552,353         361,558
--------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES   244,688        149,533       (750,151)        393,832
--------------------------------------------------------------------------------
OPERATING INCOME (LOSS)   (244,688)      (149,533)      (750,151)      (393,832)
--------------------------------------------------------------------------------
OTHER  INCOME  AND  (EXPENSES)
Gain on sale of investment       0              0         17,200               0
Gain on sale of assets     100,000              0        100,000               0
Interest Income                528          1,872          4,011           5,903
--------------------------------------------------------------------------------
Total Other
Income and (Expenses)      100,528          1,872        121,211           5,903
--------------------------------------------------------------------------------
NET INCOME (LOSS)     $ (  144,160)   $  (147,661)  $   (628,940)    $ (387,929)
================================================================================
NET INCOME (LOSS)
 PER SHARE            $       (.01)   $      (.01)  $       (.04)    $     (.03)
================================================================================
WEIGHTED  AVERAGE  NUMBER
OF COMMON SHARES        13,153,911     12,353,911     13,153,911      12,587,244
================================================================================

                                       11
<PAGE>

                              SOLAR ENERGY LIMITED
                      Consolidated Statements of Cash Flows

                                      For  the  nine              For  the  nine
                                      months  ended                months  ended
                                      September  30                September  30
                                          2000                          1999
--------------------------------------------------------------------------------

Cash  Flows  From  Operating  Activities

Net  income  (loss)                     $     (628,940)          $     (387,929)
Adjustments  to  Reconcile  Net  Income  (Loss)  to
  Net  Cash  Used  in  Operating  Activities:
   Depreciation & Amortization                  54,468                         0
   Gain  on  sale  of  investment              (17,200)                        0
 Change  in  Assets  and  Liabilities
   Increase/(decrease)  in:
   Accounts  Payable                            17,964                   (2,878)
   Accrued  Expenses                            15,412                     6,717
                                       -----------------------------------------
Net Cash Provided (Used) by
Operating Activities                          (558,296)                (384,090)
                                       -----------------------------------------
Cash  Flows  from  Investing  Activities
   Purchase  of  Property  and  Equipment      (27,761)                  (6,812)
   Cash  paid for patent costs                  (4,721)                 (14,347)
   Cash  paid  for  deposits                      (300)                        0
   Cash  received  on  sale  of  subsidiary    180,000                         0
   Cash  acquired  in  acquisition                   0                    42,733
                                       -----------------------------------------
Net Cash Provided (Used) by
Investing Activities                           147,218                    21,574
                                       -----------------------------------------
Cash  Flows  from  Financing  Activities
  Common  stock  issued  for  cash                   0                   100,000
  Proceeds  from  debt  financing              188,970                   288,887
  Principal  payments  on  debt  financing           0                 (110,000)
                                       -----------------------------------------
Net Cash Provided (Used) by
Financing Activities                           188,970                   278,887
                                       -----------------------------------------
Net Increase (Decrease) in
Cash and Cash Equivalents                     (222,108)                 (83,629)
                                       -----------------------------------------
Cash  and  Cash  Equivalents
  Beginning                                    263,371                   286,627
                                       -----------------------------------------
  Ending                               $        41,263          $        202,998
                                       =========================================
Supplemental  Disclosures  of  Cash  Flow  Information:
  Cash  payments  for  interest        $             0          $              0
                                       =========================================
  Cash  payments  for  income  taxes   $             0          $              0
                                       =========================================
Supplemental  Schedule  of  Noncash  Investing  and  Financing  Activities

Common shares issued for services      $             0          $              0
                                       =========================================

                                       12
<PAGE>

                              SOLAR ENERGY LIMITED
                               September 30, 2000


NOTE  1  -  NOTES  TO  FINANCIAL  STATEMENTS

Solar  Energy  Limited  (the  "Company")  has  elected to omit substantially all
footnotes  to  the  financial statements for the nine months ended September 30,
2000,  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  Form  10-KSB  for  the  Fiscal  year ended December 31, 1999.

NOTE  2  -  UNAUDITED  INFORMATION

          The  information furnished herein was taken from the books and records
of  the  Company  without  audit.  However,  such  information  reflects  all
adjustments  which  are,  in  the  opinion  of management, necessary to properly
reflect  the  results of the period presented.  The information presented is not
necessarily  indicative  of  the  results  from operations expected for the full
fiscal  year.


NOTE  3  -  SALE  OF  SUBSIDIARY

On  June  30, 2000, Solar Energy Limited sold 100% of it's interest in Renewable
Energy  Corporation (RECO), a wholly owned subsidiary, to Jade Electronic, Inc.,
who  changed  their  name  to  Renewable  Energy  Limited (REEL) for  63% of the
outstanding stock of REEL and cash of $180,000. At the point of sale REEL had no
assets  and  no  liabilities,  thus RECO became its only assets, liabilities and
operations  at  June  30,  2000. Because the Company essentially sold 37% of its
interest in RECO for cash of $180,000, the Company recorded minority interest of
$162,500  and  a  gain  of  $17,200.  This acquisition was recorded by Jade as a
reverse  acquisition  with  RECO  being  the  accounting  acquirer, therefore no
goodwill  was  recorded  in  the  acquisition  and  REEL recorded the assets and
liabilities of RECO at predecessor cost. The Company consolidated its books with
REEL  and  HYDRO  at  September  30,  2000.

NOTE  4  -  GOING  CONCERN

As  disclosed  in  the  audited  financial  statements at December 31, 1999, the
Company is dependent upon financing to continue its operations. Managements plan
was  to  raise additional funds to continue the development of its process.  The
agreement  with  REEL  provided  needed capital and the Company intends to raise
additional  funds  through  public  and  private  offerings as needed to support
operations.  The Company's ability to continue is contingent upon its ability to
continue to raise funds needed for operations. These financial statements do not
include  any adjustments that might result from the outcome of this uncertainty.

                                       13
<PAGE>

                              SOLAR ENERGY LIMITED
                               September 30, 2000

NOTE  5  -  SALE  OF  ASSETS

During  August  2000,  the Company sold all intellectual property related to the
"Sunspring" project to Holisticom.com Limited for cash of $100,000 and 3,500,000
shares of Holisticom.com Limited's common stock.  The Company recorded a gain on
sale  of  assets  of  $100,000 and recorded the stock received at a value of $0.
There  was  no  recorded  basis  for  the  intellectual  property  sold.

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