WW2 British cotton armband printed LDV, Local Defense Volunteer with a Home Guard panel sewn over the top. 
 
On 14th May, 1940, the Government broadcast a message asking for volunteers for the LDV (Local Defence Volunteers). On 23rd August, 1940, Winston Churchill changed the name of the LDV to the Home Guard
 
An interesting item showing the change over from LDV to Home Guard
 
Original condition - see pictures for details