Try replacing the monovalve... it's located between the firewalls near the battery. You can either work fast to avoid much coolant seeping out while you change it, or drain some coolant out so you can work slower. This is usually the problem when you get this cycling effect.
Regards,
Dave
PS: My location info is based on a LHD Series 2 car!
Regards,
Dave
PS: My location info is based on a LHD Series 2 car!