 Following the demonstrable success of "Round the Twist" on the BBC, the head of children's television Anna Home agreed to put up half the $4.1 million budget for a co-production.With this project, the ACTF broke new ground with a production financing structure.Penelope Townes, a 13-year-old British girl, comes into possession of an opal pendant when she explores the dusty attic of her family's decaying mansion.