--------------------------------------------------------------------------------
                                  Joel Dumaresq
                                    PRESIDENT
                               Solar Energy, Ltd.
                   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
                              24843 Del Prado, #318
                              Dana Point, CA 92629
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------


                                  FORM 10-QSB-A

                       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


                                  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.

     The  purpose  of  this  amendment  to our Quarterly Report of September 30,
2000,  is  primarily  to  bring  quarterly reporting into conformity with recent
amendments  to  our  last  annual  report  for the year ended December 31, 1999.



                          PART I: FINANCIAL INFORMATION


                         ITEM 1.   FINANCIAL STATEMENTS.

 In  April,  1999,  we  acquired Renewable Energy Corporation ( RECO )(also as a
wholly-owned  subsidiary). No change of control of our corporation resulted from
either  or both acquisitions. We acquired Renewable Energy Corporation ( RECO ),
our  wholly-owned  subsidiary  from  Dr.  Reed  Jensen,  its founder, owner, and
developer  of  its  technologies, and the originator of its Patent, for escrowed
stock  and  some  cash.

     We  also  recorded  goodwill  in  connection  with RECO due to its negative
equity position. A total of $439,900 was recorded upon acquisition and was to be
amortized  over  a  ten year period. The realization of this asset is contingent
upon  RECO's  ability  to  generate  revenues  from  its developmental projects.
Accordingly,  by  this  amended  report,  attention is directed to Note 7 of our
Financial  Statements  as amended by this amended report: "The Company initially
recorded Goodwill in connection with the acquisition of RECO due to the negative
equity  position  of  RECO,  however pursuant to FIN 4, the Company expensed the
excess  consideration  as  in-process  Research  & Development costs because the
intellectual  property and process is still being developed. A total of $439,900
was  expensed  in  connection  with  this  acquisition.

   Assets  acquired                                 49,516
   Liability  assumed                               49,416
   Equity  acquired                                    100
   Cash  investment                                 20,000
   Value  of  stock  issued                        420,000
   Goodwill  calculation
        Total  given  up  in  acquisition          440,000
        Excess  of  assets  over  liabilities          100
     Total  expensed  as  R&D                      439,900


     This $439,900 previously allocated to Goodwill has instead been expensed as
Research  and Development. This change effective June 30, 2000, is the principal
subject  of  this amendment. These changes resulted in the following adjustments
to  our  financial statements for the year ended December 31, 2000: $395,900 was
deleted  as an asset (goodwill) and added to R&D Expense. The difference between
439,900  and  395,900  is  the  amount  already  having  been  expensed  on  an
amortization  theory.

     The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                        2


                                                                    From
                            12/31/99     12/31/98     12/31/97   Inception
-----------------------------------------------------------------------------
Total Assets. . . . . .  $   772,662   $  435,696   $      500
 Adjustment (*) . . . .     (395,900)           0            0
Total Liabilities . . .      503,795      269,642            0
Revenues. . . . . . . .          -0-          -0-          -0-            0
Operating Expenses (*).      569,462      944,690        4,000    1,543,165
 Adjustment . . . . . .      395,900            0            0      395,900
Other Income (interest)        8,276        5,244            0       13,520
Net Earnings or (Loss).     (561,186)    (939,446)      (4,000)  (1,925,545)
Per Share Earnings. . .       (0.045)      (0.182)      (0.003)      (0.511)
  or (Loss)
Weighted Average. . . .   12,378,911    5,164,228    1,278,511    3,766,694
Common Shares
  Outstanding


(*) These adjustments to our 1999 annual report require adjustments carried into
our  quarterly  reports  filed during 2000. Accordingly our financial statements
(unaudited, for the third quarter ended September 30, 2000 have been adjusted to
conform  to  those  annual  adjustments.

             The Remainder of this Page is Intentionally left Blank

                                        3


Balance Sheet. . . . . . . .      9/30/00      12/31/99
--------------------------------------------------------
Cash and Equivalents . . . .  $    41,263   $   263,371
Current Assets . . . . . . .       41,263       263,371
Property and Equipment, Net.       46,696        25,297
Fixed Assets . . . . . . . .       46,696        25,297
Patent Costs . . . . . . . .       35,666        33,549
Goodwill . . . . . . . . . .       37,498        50,008
Deposits . . . . . . . . . .        4,837         4,537
Other Assets . . . . . . . .       78,001        88,094
Total Assets . . . . . . . .      165,960       376,762
Accounts Payable . . . . . .       76,937        58,973
Accrued Expenses . . . . . .       31,595        16,183
Notes Payable (Baycove). . .      617,609       428,639
Current Liabilities. . . . .      726,141       503,795
Minority Interest. . . . . .      162,800             0
Total Minority Interest. . .      162,800             0
Common Stock . . . . . . . .        1,315         1,315
Paid in Capital. . . . . . .    1,797,197     1,797,197
Retained Deficit . . . . . .   (2,521,493)   (1,925,545)
Total Equity . . . . . . . .     -722,981      -127,033
Total Liabilities & Equity .      165,960       376,762


             The Remainder of this Page is Intentionally left Blank

                                        4


<TABLE>
<CAPTION>
<S>                                 <C>             <C>             <C>           <C>
Operations: Third Quarter.                       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 . . . .        (40,808)        (13,551)     (164,806)      (32,274)
Research and Development . . . . .       (192,880)       (135,982)     (552,353)     (361,558)
 Adjustment. . . . . . . . . . . .       (233,688)       (149,533)     (717,159)     (393,832)
Operating Loss . . . . . . . . . .       (233,688)       (149,533)     (717,159)     (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). . . . . . . . .       (133,160)       (147,661)     (595,948)     (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>



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

                                        5


       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.

     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 represented 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  REEL 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  REEL  are  as  follows:

                                        6


     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
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

                                        7


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 agreed to sell all intellectual property relating to the
SUNSPRING  project  to  Holisticom.com  Limited  (HCL) for cash of $100,000, and
3,500,000  shares  of  HCL  common  stock. We would record 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. We will own 3,500,000 shares of HCL,
out  of  a  total  issued  of 6,750,000, or 51.85%. The Agreement is provided as
Exhibit  10.1  hereto. This transaction is partly executory. We will consolidate
our books, at the close of this fiscal year. Audited financial statements of HCL
will  be  provided  at  the  earliest  practicable  date.

      (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
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

                                        8


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.

                                        9


                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-QSB-A amended 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:  February  7,  2001
                              SOLAR ENERGY LIMITED

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


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

/s/Norman  Wareham        /s/Dr. Reed Jensen     /s/David M. Jones
   Secretary/Treasurer       Director               Director
   Director

                                       10


--------------------------------------------------------------------------------
                             EXHIBIT EXHIBIT 00QF-3A
                         UN-AUDITED FINANCIAL STATEMENTS
             FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2000
--------------------------------------------------------------------------------

                                       11


                              SOLAR ENERGY LIMITED
                  Amended Consolidated     Financial Statements

                               September 30, 2000

                                       12


                              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                                        37,498                 50,008
   Investments Available for Sale (Note 5)              0                      0
   Deposits                                         4,837                  4,537
                                             -----------------------------------
Total  Other  Assets                               78,001                 88,094
                                             -----------------------------------
      Total  Assets                          $    165,960          $     376,762
                                             ===================================

                      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 s
and outstanding 13,153,911 share                    1,315                  1,315
   Paid  in  Capital                            1,797,197              1,797,197
   Retained  Deficit                           (2,521,493)           (1,925,545)
                                             -----------------------------------
       Total  Stockholders'  Equity              (722,981)             (127,033)
                                             -----------------------------------
Total Liabilities and Stockholders' Equity   $    165,960          $     376,762
                                             ===================================

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

                                       13


                              SOLAR ENERGY LIMITED
                               September 30, 2000
                      Consolidated Statements of Operations
<TABLE>
<CAPTION>
<S>                           <C>             <C>            <C>             <C>
                               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                           40,808          13,551          164,806             32,274
Research  and  Development         192,880         135,982          552,353            361,558
                              ----------------------------------------------------------------
TOTAL  OPERATING  EXPENSES         233,688         149,533         (717,159)           393,832
                              ----------------------------------------------------------------
OPERATING  INCOME  (LOSS)         (233,688)       (149,533)        (717,159)         (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)         $   (  133,160)   $   (147,661)   $    (595,948)     $   (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
                              ================================================================
</TABLE>

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

                                       14


                              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)                     $     (595,948)          $     (387,929)
Adjustments  to  Reconcile  Net  Income  (Loss)  to
  Net  Cash  Used  in  Operating  Activities:
   Depreciation  &  Amortization                21,476                        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
                                      ==========================================

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

                                       15


                              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.

                                       16


                              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.

                                       17


--------------------------------------------------------------------------------
                                  EXHIBIT 10.1
                                OFFER TO PURCHASE
                             HOLISTICOM.COM LIMITED
--------------------------------------------------------------------------------

                                       18

                                OFFER TO PURCHASE


BETWEEN:     HOLISTICOM.COM  LIMITED,  as  Purchaser  ("HOLI")
     HOLI  is  a  private  company  registered  in  Nevada.


AND:     SOLAR  FMRGY  LEMMD,  as  Vendor          ("XSEL")
XSEL  is  a  public  company  listed  on  the  OTC  Electronic  Bulletin  Board



XSEL  wholly  owns  directly  and  indirectly  certain  assets  relating  to the
production  of  potable  water.  These  assets include: certain patents, patents
pending,  and  other miscellaneous intellectual property tights.  The assets are
collectively  referred  to  a  process  called  "SUNSPRING"  by  XSEL.

SUNSPRING  uses  XSEL's  patent-pending  solar  collectors to generate the power
necessary  to drive the reverse osmosis plants.  The mission is to produce water
that  is  not  only  clean  enough to drink but economical enough to be used for
agricultural  purposes.

This is HOLI's offer to purchase from XSEL 100% of the assets of SUNSPRING.  The
assets include a patent or patents pending along with all intellectual ]property
rights  and  any  other  assets  related  to SUNSPRINIG and owned by XSEL or its
subsidiaries.

Terms  and  conditions:

Price $100,000 - (all figures in US dollars), plus 1,000,000 shares of HOLI (reg
144  shares)

Closing  Date:  September  30,  2000  or  sooner  on  Board  approval,


3;.     Subject  Clause:  Subject  only  to  the  Board  of  XSEL approval, such
approvals  to  be  received  on  or  before  September  15,  2000.


4.     Representations  and  Warranties  required of the _purchaser on or before
       Closing:

a)     that  it  is  legally  entitled  to  enter  into  this  transaction,
b)     that  there  are  no  liabilities  in  the  Company,
c)     that  it  intends  to  be  listed  on  the  NASD  Bulletin  Board,
d)     that  it  will,  on closing & have no less than $125,000 cash as its only
       asset, that  the  draft  pro-forma  share  structure  is  as  follows:

     i     existing  shares  outstanding               2,000,000
     ii     for  vend-in  of  SUNSPRING                1,000,000
     iii     for  $250,000  cash  (@  .20)             1,250,000
                                                      -----------
                                                       4,250,000

5. Representations  and  Warranties  required  of  the  Vendor  on  or  before
   Closing:


a)     that  it  is  legally  entitled  to  enter  into  this  transaction,
b)     that  the  assets  of  SUNSPRING  are  free and clear of all liabilities.
c)     that  prior to subject removal it will provide HOLI a full list of assets
being  sold  under  this  offer.

6.     Miscellaneous  GeneralConditions:

a)     Time  is of the essence and this agreement is governed by the laws of new
Mexico,
b)     Prior  to  removal  of  the  subject  clause  a  board of directors to be
appointed  to  HOLI along with the proposed slate of officers.  All directors to
be  satisfactory  to  SEC  regulators.
c)     It is mutually understood that HOLI may have a name change to reflect the
new  business  of the Company and SUNSPRING, Inc. is tentatively approved as the
name.
d)     there  will  be  up  to  1,000,000  additional option shares available to
directors,  officers,  and  senior  staff

e)     On  execution  this  is  a  binding agreement but both parties agree that
additional  documentation  may yet be necessary to properly reflect the terms of
this  agreement.  In  addition, the documents may need to be modified to conform
to  SEC regulations and to mutually minimize both present and future income tax.
Both  parties  agree  to  execute  such  additional documents on a timely basis.

f)     XSEL  has  certain other water related assets and HOLI to have a two year
first  right  of  refusal to purchase these assets.  In addition, a satisfactory

                                       19


royalty  arrangement  to  be  made  with XSEL as to SUNSPRING'S use of the solar
collectors  developed  by  XSEL,  HOLI  assets  from  XSEL  (called  SOLOWAT).

SIGNED:
HOLISTICOM.COM  LIMITED

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

AGREED:
SOLAR  ENERGY  LIMITED

/S/  Melvin  Prueitt
Chairman  of  the  Board

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                                       20