Abstract: A liquid crystal light valve is provided which either reflects or transmits all wavelengths of light. Micron size cholesteric liquid crystal micelles are formed by adding a chiral molecule dopant to a nematic liquid and dispersing into a polymeric solution. The chiral dopant twists the micelle into a helical planar order along a helical axis. The interior structure of the micelle is a series of concentric spheres, the distance between the envelopes of which is the pitch. The pitch of the helical planar order of the micelles is adjusted by varying the concentration of chiral molecules which have been added to the nematic liquid. The sense of the helical planar order of the micelles is controlled and the micelles are dispensed in an inert polymeric binder forming a film which may be applied to a surface for controlling the light applied thereto either passing or reflecting the light depending on the temperature of the film.