The Narborough Airfield site states the following..

"It was during the Great War that Captain D.H.M Carbery MC, DFC of 59 Sqn was responsible for the capture of an enemy artillery gun and the wheel, which still exists, became the centrepiece of the squadron badge".

(59squadronraf.org.uk)

The painting above is by Timothy O'Brien. It depicts the attack by Carbery and his observer/gunner, Lt. Clements. In this article he explains the significance of the Wheel and its history prior to WW2.

Douglas Carbery is credited as a WW1 flying ace with six aerial victories. He is also one of the few aces of the War whose victories were won flying the RE.8 exclusively...

(http://www.theaerodrome.com/aces/england/carbery.php)