Thanks for the inputs.
If it were my frame, I'd just go for 135mm and have hand-built wheels (in fact that's what I did).
Helen, however, has had her head turned by some Fulcrum road wheels (it's a colour/design thing but they get good write-ups as well), hence the question about spacers/stretching etc.
Biggsy: thanks for the question to Dave Yates, I'd not thought to ask him
and I am going to ask the builder (Justin Burls) about 130/132.5/135mm.
Also, it's likely that she'll use Shimano 'cos their levers appear to be more adjustable for small hands. If you mean that there are no Campag disc hubs, Royce do one. 'Tis a thing of great beauty and cost. DAMHIKT