Hi Mark,
If the A.A.V is spilling steam the water inside the boiler is not moving when the appliance is on. Im thinking one of the following faults.
1) Faulty pump! Although the pump seems to be working, the spindle might have detatched from the main arm.
2) Blockage in the heat exchanged.
3) No by-pass fitted and all the trv's are off.
What ever the problem is, its NOT the P.C.B. Don't change it! its not going to resolve the problem!
Your problem here is definatley a circulation fault.
Good luck.
Lembo121