Corey Cookson, 28, of Bridge Road, pleaded guilty in Warrnambool Magistrates Court to theft and possessing methamphetamine.

The court heard between December 3 and 5 last year, Cookson attended a property in Wangoom's Spring Flat Road. He walked down the driveway, using his phone as a torch, and located an unlocked Nissan truck.

He rummaged through the car before stealing a credit card.

He also attended the Warrnambool Racing Club and walked down the driveway into the tack room, where he stole horse racing gear, including a saddle and straps.

Cookson later used the stolen credit card at Warrnambool's Road Pantry to purchase a bottle of Coca Cola and cigarettes totalling $61.80.

He was identified on CCTV footage and police executed a search warrant at his home on January 9.

During the raid, officers uncovered the stolen horse equipment, as well as a small quantity of methamphetamine and drug paraphernalia, including a set of digital scales and an ice pipe.

Cookson made full admissions to the theft.

He told the court on Monday that he had moved away for a couple of months and had stopped using drugs.

Magistrate Peter Mellas said it was fortunate the stolen horse equipment had been recovered.

He said the offending was "relatively serious" but noted the man had not been convicted of any prior dishonesty offences.

Cookson was fined $500.

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