The film opens on September 3, 1939, marking the day when Britain declared war on Germany. It revolves around the Rowan family, comprising Billy, his sisters Sue and Dawn, alongside their parents Grace and Clive, who reside in a London suburb. As Clive enlists in the army, Grace finds herself alone with the children. She contemplates sending Billy and Sue away from the dangers of London but ultimately hesitates, choosing to keep them close at the last moment at the train station, dreading the thought of separation. As a result, Billy remains in London during the war's early years.
Through the innocent eyes of 10-year-old Billy, the "fireworks" from the Blitz, unfolding nightly between September 1940 and May 1941, transform into thrilling yet frightening spectacles. The remnants of bombings turn into an adventurous playground for Billy and his friends, who navigate this chaotic landscape mostly unchaperoned. Though the fallout impacts Billy profoundly, his family members perceive the ongoing bombings very differently. Yet, as they struggle for survival, these experiences draw them closer, forging a tighter bond.
Meanwhile, tension escalates when Dawn, enamored with a Canadian soldier named Bruce, faces an unexpected pregnancy. As her life is turned upside down, she begins to understand the importance of family support. A turning point arises when the Rowans’ home is tragically lost to fire—not from an air raid, but due to mundane circumstances. They relocate to the picturesque Thames-side residence owned by Grace’s parents, allowing Billy more time with his somewhat gruff grandfather, George. Under George's watchful eye, Billy learns "the ways of the river," cultivating an appreciation for his surroundings.
The narrative advances to the autumn of 1942, coinciding with Winston Churchill's renowned "end of the beginning" address. Bruce, returning from his covert assignment, decides to go AWOL to marry Dawn. After their wedding at the local church, the couple's happiness is short-lived when Military Police apprehend Bruce shortly thereafter. In a touching scene, Dawn gives birth to a son in her grandparents’ living room, surrounded by loving family, and Billy is left in awe of the moment.
While Grace secures a new house for the family along the riverbank, Billy has to return to London until he secures a spot in a local school. George drives him back to his old school, only to discover it filled with jubilant children celebrating the destruction of their building by a stray bomb. “Thank you Adolf!” exclaims one joyous boy amidst the chaos. Bursting with laughter, George brings Billy back home. The adult Billy reflects, > “In all my life, nothing ever quite matched the perfect joy of that moment. My school lay in ruins, and the river beckoned with the promise of stolen days.” As the credits roll, heartwarming imagery of the river plays to the stirring strains of "Land of Hope and Glory."