The fault could only have occurred in the TVS region, because, as we seen at the end of the clip, we crash back into the film. No holding slide for it. I'm surprised they didn't revert to the follows shortly slide that Channel 4 produced, the fallback output Markymark mentions.
One thing about TVS's attitude, from the outset , towards C4's ad breaks, was to always fill up the breaks with something. In the first few months of C4, there was very little advertising sold (owing to the Equity dispute). TSW abandoned any idea of showing any ads during the breaks until January 1983. So every single C4 break in their region was just let open with C4's default, '.
..follows shortly
...' captions.
Off peak, even Thames and Central either didn't opt out at all for some breaks, or opted back early on others.
However, I don't think I ever saw an unfilled break in the TVS region, (many breaks had the same ad more than once, and others were 100% public info films, (a fireworks one over and over again on C4's opening night !)
I don't recall ever seeing that yellow C4 logo though, and I watched an unhealthy amount of C4 in the early 80s !