Discs in long-period eclipsing binary systems are rare and can lead to extraordinary eclipsing events. ZTF J185259.31+124955.2 was identified as a candidate disc-eclipsing system through a continuing search programme of ZTF variables with a near-IR excess in the WISE data. Examination of the combined ZTF and ATLAS photometry shows seven eclipses since 2017 with depths of 0 in all bands on a period of $289.57 The eclipse width is $ 40$\,d but this and the profile evolve over time. Comparison with library spectra shows that the spectral energy distribution from the available photometry is consistent with an early K-type giant, and fitting black-body profiles suggests $ 4000$\,K for the stellar component, with a cool component having $ < 500$\,K. The reddening and distance, and hence the luminosity place the star within the giant branch. The most likely scenario is that the system is in a state of rapid evolution following Case B/C mass transfer into an extended disc around an unseen companion.