You sure that this picture is correct? Because I don´t even know where to start..Two most important things, depending on the switch being on or off, the thing consumes either 90mA or 230mA so it never actually turns off. untill you disconnect the battery. Second thing is that it runs roughly 150mA through the LED which is probably rated for mere 20mA. Hopefully someone will come with a better idea how to achieve what you want.
Was that turn the switch on - the LED ligths up after about three seconds, right?