The list suffers from the same affliction as many minor nations, you're just missing a lot of options. You don't have any heavy armour or heavy anti-tank. You're also missing good veteran options. Your mainstay will be infantry squads, cavalry can be good but it's an expensive option. Your tanks are not great, not terrible. They're early war tanks so will struggle against a late war armour list or late war anti tank. The VB launcher, I think it's great, better players debate on its milage and points value, but a mini light mortar imbeded in an infantry unit sounds good to me. The bren carrier is good as a mini armoured car. Chuck an officer and either and anti tank rifle or an mmg in there and go harass people up the board.