Carbon fibre composite technology for lightweight mirrors is gaining increasing interest in the space-and ground-based astronomical communities for its low weight, ease of manufacturing, excellent thermal qualities and robustness. We present here first results of a project to design and produce a 27 cm diameter deformable carbon fibre composite mirror. The aim was to produce a high surface form accuracy as well as low surface roughness. As part of this programme, a passive mirror was developed to investigate stability and coating issues. Results from the manufacturing and polishing process are reported here. We also present results of a mechanical and thermal finite element analysis, as well as early experimental findings of the deformable mirror. Possible applications and future work are discussed.