In 1987, Huw Davies proved that, for a flag-transitive point-imprimitive $2$-$(v,k,λ)$ design, both the block-size $k$ and the number $v$ of points are bounded by functions of $λ$, but he did not make these bounds explicit. In this paper we derive explicit polynomial functions of $λ$ bounding $k$ and $v$. For $λ\leq 4$ we obtain a list of `numerically feasible' parameter sets $v, k, λ$ together with the number of parts and part-size of an invariant point-partition and the size of a nontrivial block-part intersection. Moreover from these parameter sets we determine all examples with fewer than $100$ points. There are exactly eleven such examples, and for one of these designs, a flag-regular, point-imprimitive $2-(36,8,4)$ design with automorphism group ${\rm Sym}(6)$, there seems to be no construction previously available in the literature.