Expansion vessel is flat or the PRV's seating is trapped.
The expansion vessel takes up the expanding water in a sealed system when heated, if the vessel is flat the water has no where to expand, except to the 3.0 bar safety release valve on the PRV, dripping outside.
Firstly release system pressure and keep open, pump up to around 0.5 - 1.0 bar on the vessel (red tank, bike tyre connection) close vent and fill water back to 1.2 bar when heating is cold, observe dial.
If pressure still rises when your heating is on and PRV drips, seating on PRV not sealing or blockage in the system, probably connection from return pipework to expansion vessel.
Steven
April 2010