With all the letters cut out, I can start attaching them to the fabric.
If you can remember back at the start when I ironed the transfer onto the linen used to line the top fabric, the design came out back to front, such as the letters 'OBOD' (in a Gaelic font) here:
I also said this didn't matter; the reason why not is that when I stitch over the design to mark it onto the front of the piece, it comes out the right way round:
That's a bit faint, but hopefully you can see that the letters are the mirror image of how they appear on the back.
As well as the letters, there are also a series of 'pips' around the edge, between the two sets of text. Here are most of them, stitched on:
I'm using a proper leather needle for this; it passes through the kid much easier than a regular needle, and is far less likely to cause splitting.
And now, 'OBOD':
I think it looks good! It could look better though, with something added...