Sorry for the late reply guys. I've been out getting the timing belt cover off tonight and it's not good news, as expected
The timing has come out and cranking it over by hand it's obvious that there is piston/valve contact. The belt, rollers and tensioner are all intact, however I can only assume that the tensioner is not applying enough force anymore. The timing belt kit was replaced in May 2008 at 81k miles and it has now failed in July 2011 at 117k miles, how pants is that
I can see the marks on the belt teeth where it has slipped over the cam sprockets, but otherwise the belt and teeth look in excellent condition;
Looks like Wots will be breaking for parts
I could repair it I did a top end rebuild on my ex-plod mv6 when the drivers bank headgasket blew, but I don't have the time and i've already thrown enough money at it so I think it's the end of the road...