diff --git a/Observer/View/BlockToHtmlAfter.php b/Observer/View/BlockToHtmlAfter.php
index e8c7403..ee8dcad 100644
--- a/Observer/View/BlockToHtmlAfter.php
+++ b/Observer/View/BlockToHtmlAfter.php
@@ -19,7 +19,7 @@ public function __construct(
      */
     public function execute(Observer $observer)
     {
-        if (!$this->config->isEnabled() && !$this->config->isPageBuilderPreloadEnabled()) {
+        if (!$this->config->isEnabled() || !$this->config->isPageBuilderPreloadEnabled()) {
             return;
         }
 
diff --git a/Test/Unit/Observer/View/BlockToHtmlAfterTest.php b/Test/Unit/Observer/View/BlockToHtmlAfterTest.php
index 879cd5d..b916315 100644
--- a/Test/Unit/Observer/View/BlockToHtmlAfterTest.php
+++ b/Test/Unit/Observer/View/BlockToHtmlAfterTest.php
@@ -47,7 +47,6 @@ protected function setUp(): void
 
     public function testDoesNothingWhenBothConfigsDisabled(): void
     {
-        // Note: The condition is: if (!isEnabled && !isPageBuilderPreloadEnabled)
         $this->configMock->method('isEnabled')->willReturn(false);
         $this->configMock->method('isPageBuilderPreloadEnabled')->willReturn(false);
 
@@ -158,34 +157,32 @@ public function testIgnoresImagesWithoutPreloadAttribute(): void
         $this->subject->execute($this->observerMock);
     }
 
-    public function testExecutesWhenOnlyModuleEnabled(): void
+    public function testDoesNothingWhenOnlyModuleEnabled(): void
     {
+        // Master 'Enabled' switch alone is not sufficient - the pagebuilder_content
+        // toggle must also be on, matching every other observer in this module.
         $this->configMock->method('isEnabled')->willReturn(true);
         $this->configMock->method('isPageBuilderPreloadEnabled')->willReturn(false);
 
         $html = '<img src="/media/test.jpg" preload="Yes" data-element="desktop_image">';
         $this->transport->setHtml($html);
 
-        $preloadMock = $this->createMock(Preload::class);
-        $this->preloadFactoryMock->method('create')->willReturn($preloadMock);
-
-        $this->linkStoreMock->expects($this->once())->method('add');
+        $this->linkStoreMock->expects($this->never())->method('add');
 
         $this->subject->execute($this->observerMock);
     }
 
-    public function testExecutesWhenOnlyPageBuilderPreloadEnabled(): void
+    public function testDoesNothingWhenOnlyPageBuilderPreloadEnabled(): void
     {
+        // pagebuilder_content toggle alone is not sufficient if the master
+        // 'Enabled' switch is off - it must act as a full kill-switch.
         $this->configMock->method('isEnabled')->willReturn(false);
         $this->configMock->method('isPageBuilderPreloadEnabled')->willReturn(true);
 
         $html = '<img src="/media/test.jpg" preload="Yes" data-element="desktop_image">';
         $this->transport->setHtml($html);
 
-        $preloadMock = $this->createMock(Preload::class);
-        $this->preloadFactoryMock->method('create')->willReturn($preloadMock);
-
-        $this->linkStoreMock->expects($this->once())->method('add');
+        $this->linkStoreMock->expects($this->never())->method('add');
 
         $this->subject->execute($this->observerMock);
     }