Thanks for the replies.
@ptricks I'll give that a go. I don't have a full compliment of leads at the moment so will have to run to maplin in the morning a pick up some bit to make up another set of leads to do this. Thanks for the suggestion. One thing I did notice on the voltage over the coil of the relay was that when initially switched on there was spike and a the meter read much higher for a moment. I would have though that that as the coil is charged the voltage would take time build up and only have a spike as the relay is switched off and the magnetic field collapses.
@SeanB. This is a pic of the power side of the board.
I've replaced the big yellow cap (0.68 micro F). The [strike]blue cap[/strike] varistor is between the phase and neutral before the resisters and rectifier. EDIT: Its a varistor S10K275, I'm not sure I understand them to be honest. The two large black resisters both read 10 Ohms and the smaller brown one reads 0.990 M Ohm (990 K Ohm if you prefer!).
This is the other side of the board.
I measured the voltage after the bridge rectifier if the bottom left hand corner of the board. This is also where I input the bench power supply. I can't figure out what the silver caped thing near the diode that make up the rectifier is (9724750b). I guess this could be the smoothing cap after the rectifier? Its very hard to follow the tracks after the rectifier.