Ok after much fiddling and buying new parts to see what would work the following appeared to be the case.
New stator fitted caused a light but a poor one, very dim. Checking the coils they were putting out a meagre 5v on one and 14v on another. So i fitted the old one again just to check it was still faulty and not any poor connections....same result as before 2v per coil so no power.
I assumed the new stator was a poor unit but i kept in mind that the stator and flywheel work together to create the AC power, so i ordered a second hand magneto flywheel. Pulled the old flywheel and fitted the replacement and boom 24v and 34v on the coils. Both the stator and magneto had failed.
Then after checking the lights they were brighter than ever but on testing the battery (a brand new one) I found it was only 12.52v so it was not charging at all. Headlamp fairing off and regulator recifier changed for a proper kymco second hand unit and boom 14v.
So the lights was the stator and magneto that were faulty.
The battery not charging was the regulator/rectifier.
Before this I had already changed the spark plug/coil/cdi unit all in order to find the cdi had failed and burnt out inside. So all in all i have spent an extra £13 on parts that were not needed but the bike would otherwise have gone to the scrapyard. A total of £110 in parts including a new battery