Ok... I had a play after work, here's my findings.
Tested the alarm,works ok. Checked the input voltage to the 'control box'. (call it what you want), input voltage = 11.6V - seems good.
The buzzer/beeper ISN'T the alarm siren (behind the spare wheel), it's actually hidden under the plastic boot cover near the catch. Feel underneath and you'll find a small cylinder approx 1.25" dia 1.25" long.
I tested that with a PP9 batt and some wire, works fine.
So, power in ok. output beeper thing ok!
Next step, ingnition on, select reverse, measure the output beeper voltage - ~1.4V constantly if sensors are clear or not. My conclusion... little black box of tricks is kaput!! I've took the circuit out and checked for burnt out componants but there's nothing obvious. I've also checked, the unit is only powered when the ignition is ON and reverse gear is selected.
Looks like it may be a trip to the dealer or somthing to try a new unit - hopefully not too expensive.
If anyone has any other suggestions, please let me know. Or if you want to know more about the unit/wiring etc, give me a shout, I'll help all I can.
-s