Ok - my silly fault! The black is the shadow and I can't see the emblem as I've appled a -1 value in the scale box in the X axis to flip the object around. This had the effect of flipping the polygons from +Y to -Y facing, which for some reason FPrime doesn't pick up on!
If you do the same thing in Modeler, apply a -100% scale in the X then it also flips the polygons so at least Layout and Modeler are consistent
Soz