The demands of cost‐driven industrial applications can be satisfied by manufacturing composites with a low volume fraction of carbon fibres as phenolic carbon fibre‐reinforced composites and C/C composites, both with acceptable performances, for low‐ or high‐temperature applications, respectively. Polymeric composites reinforced with a low volume fraction (7.5% v/v) of carbon fibres were fabricated using laboratory‐produced phenolic resins, novolac (N) and resole (R), as matrices after different curing/post‐curing temperature profiles. By optimising the manufacturing conditions, the N‐based polymeric composites exhibited higher flexural strength, whereas the R‐based composites showed higher shear strength. C/C composites, namely N‐based and R‐based, were manufactured by pyrolysis of the previous polymeric composites up to 1000 °C. The pyrolysed composites were then densified by impregnation with an appropriate resin solution, followed by curing and new pyrolysis, and particularly by employing 1 up to 4 consecutive cycles of ‘impregnation‐curing / pyrolysis’. Weight changes resulting from the impregnation‐curing and pyrolysis stages were determined. The curing of both resins was verified by FTIR. The apparent density and X‐ray diffraction data of the C/C composites were used to calculate their total percent porosities. The morphology and elemental analyses of C/C composites at their failure region (after flexural testing) were examined by SEM/EDS analyses. In comparison to N‐based C/C composites, R‐based ones exhibited: higher shear strength, lower flexural strength, higher Shore D hardness, slightly higher surface conductivity, and lower volume conductivity. The optimum conditions for the manufacture of C/C composites were achieved by applying two consecutive cycles of ‘pyrolysis‐impregnation‐pyrolysis’ to the polymeric composites.This article is protected by copyright. All rights reserved.