Anyway, suddenly a loud knocking noise appeared (me and dad looked at each other with worried expressions). At first it only happened with heavy throttle, no noise with light throttle. 2 miles later noise got much worse and now no power. After having to pull in off the main road, the checks begun. Removed each plug lead from plug one at a time with engine running, cylinders 3 +4 showing no difference when removing leads. Removed plugs on those cylinders and both sparking, oil and water all good and no mixing, oil pressure light acting Normal/staying off. Nothing more we could do there, so decided to limp her home ( roads where quite quiet and mostly downhill at this stage).
When home we tried a quick compression check (using the thumb trick). Doesn't seem to be any compression in cylinders 3+4, won't know for sure until I borrow compression tester from work but I'm fairly confident. Initially we thought head gasket but would it make knocking noise.
First thing is to do a compression check, then pull the head off if required. Headgasket fitted/valves reground approx 5,000 miles/6 years ago.

Feel free to have a guess and will keep you informed.