| Competition | British League Division Two |
| Season | 1992 |
| No. of competitors | 11 |
| Champion | Peterborough Panthers |
| Team | PL | W | D | L | BP | Pts |
| Peterborough Panthers | 20 | 14 | 0 | 6 | 7½ | 35½ |
| Berwick Bandits | 20 | 12 | 1 | 7 | 7 | 32 |
| Glasgow Tigers | 19 | 11 | 0 | 8 | 7½ | 30½ |
| Newcastle Diamonds | 20 | 11 | 0 | 9 | 7 | 29 |
| Rye House Rockets | 19 | 12 | 0 | 7 | 4 | 29 |
| Exeter Falcons | 20 | 9 | 0 | 11 | 4 | 22 |
| Edinburgh Monarchs | 20 | 8 | 0 | 12 | 5 | 21 |
| Stoke Potters | 20 | 8 | 0 | 12 | 5 | 21 |
| Long Eaton Invaders | 20 | 7 | 2 | 11 | 4 | 20 |
| Sheffield Tigers | 20 | 9 | 1 | 10 | 1 | 20 |
| Middlesbrough Bears | 20 | 6 | 0 | 14 | 2 | 13 |
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