This is an OLD style HENLEY Service cut-out installed in the days when BLACK was an acceptable colour for Earthing conductors.This was probably installed as part of a SERVICE alteratIon when a TNS service was extended to a new position, the single black would have been swetted on to the original lead sheath and bought along side the new CNE cable used to extend the L and N.
In those days if an existing service was TNS then an extension of it was kept the same and not turned into TNCS as strick PME regulations were in force.
The Service Cut-out was DUEL Purpose with a removeable link to enable TNS or TNCS to be selected.