Here's how the valve parts fit together, open and closed.
The valve guides are brass and reamed with a 1.026mm carbide reamer (Jurassic Tools – great price). They are a friction fit in the cylinder head and the springs keep them seated.
The tappets are adjustable using the 3 holes and the slot in the valve using a tool that I have not finished yet.
Here is a tappet and an untrimmed spring. And a penny.