Repeat that test, but this time measure the voltage between Reg and Gnd, the voltage across the 1k fixed resistor (R4), and the voltage across the bulb. Post the results.Later, did a test with a bulb in series, with 13v DC 500mA transformer. In that test the circuit did function, reducing 13v to 11v.
Edit: Our posts crossed.
Looks like you've got the D and S transposed.
To confirm:
Connect the two D terminals to the Reg and Gnd lines respectively.
Connect the two S terminals to R4.
If this is on a breadboard, be aware the FETs could get very hot.
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