Graeme High lifted the Forth Valley Football Development Association Cup in a dramatic match at Ochilview.
Goals from Reece Duncan and Jordan Mitchell gave them the tie despite a strike from Mark Smith levelling for holders Larbert in the second half and threatening to send the tie to penalties.
But Mitchell bundled the ball over the line from a corner with 25 minutes to go and it proved decisive.
Larbert had had the upper hand for much of the second half, despite being a goal behind.
Graeme High, Falkirk’s SFA Performance school, had dominated the opening exchanges when a left-foot strike from Duncan gave them an early lead.
But Tuesday afternoon’s victory would turn sour for the left-sided midfielder who was red-carded late on for dissent.
He was followed off the field by two of his opponents moments later as Larbert battled for the equaliser and a penalty claim for the ‘home side’ sparked an angry exchange which led to a further red card for Callum Rae and Garry Hall for their roles in the clash.
As it turned out, a free-kick was awarded instead of a spot-kick which led to a corner and Watters sprinted to the other end of the field to take part. He connected with the set-piece but couldn’t score as the match drew to a close.
The partisan crowd, heavily weighted in Larbert’s favour given the proximity to the venue, witnessed an exciting second half, but Graeme High should have been further ahead than the solitary strike from Duncan.
Russell McLean, who has formed part of Alloa Athletic’s first team this term, hit the post with a header playing in attack as the Falkirk side dominated the early exchanges.
Larbert had chances on the break, Mark Smith cut-back to Jamie Welsh but the forward shot straight at goalkeeper Callum Reid. Welsh missed another after a brave save by Reid foiled Grant Walker.
Duncan’s goal split the side at the break but Reid spilled a free-kick in the second half which allowed Smith to scramble in the equaliser before Mitchell headed home.