Configuration of Parallels to allow Networking

Hello,
I have Parallels running Windows 11 on an iMac running 13.7.5 Ventura, but I cannot see the Win 11 VM on the LAN. The other Macs see the iMac, but for some reason do not see the Win 11 VM. I have tried different configurations of Parallels network settings, such as Shared Network and Bridged Network (default adapter) and iMac Network locations, but no joy. I've disabled all firewalls on Windows 11 and the Macs to try and keep it simple, and
have also made sure the VM is on a private network and accepting all incoming connections. Bizarrely, when I ping from either Windows 11 or the Macs, all connected devices are sending and receiving, which is really strange.
All machines, including Windows 11 on the LAN, have the same IP configuration of 192.254.254.X and a subnet mask of 255.255.0.0, so I'm not sure why the VM isn't visible. Although ipconfig on the VM shows an IP of 192.254.254.X, in the Parallels network setting, the IPV4 starts with 10.254.x.x. which I don't get?
I know my way around basic networking, but I'm new to networking VMs on LANs, so I'd appreciate any help.
Thank you,
SAL