Sporadic but influential Power Electronics / Industrial label, founded by Gary Mundy from Ramleh and Debbie Thomas (2) in 1982. Gary stopped the label in 1988 leaving all the earlier releases to go out of print. The label was begun again in 1994.

In addition to cassettes and vinyl, Broken Flag published a few magazines including King Krown and Kountry and Even When It Makes No Sense.

BF1-4 were reallocated after relaunching the label:
BF1 — A Cruel Memory "Psychiatre" — Croydon based post punk band of Gary Mundy and school friends
BF2 — A Cruel Memory "Home Recording"
BF3 — A New Commandment "Improvisation of a Role for Self" — Gary Mundy and drummer of A Cruel Memory
BF4 — VA "Correction" — reworked and released as

Missing catalog numbers:
BF69 — Ethnic Acid "Birthbiter"
BF73 — never released
BF74 — never released