Is Sainsbury's Smoked Ham & Cheddar on malted bread ultra-processed?

Malted Bread (Fortified Wheat Flour (Wheat Flour, Calcium Carbonate, Iron, Niacin, Thiamin), Water, Malted Wheat Flakes, Wheat Bran, Yeast, Salt, Malted Barley Flour, Emulsifiers (Mono - and Diglycerides of Fatty Acids, Mono - and Diacetyl Tartaric Acid Esters of Mono - and Diglycerides of Fatty Acids), Wheat Gluten, Malted Wheat Flour, Rapeseed Oil, Flour Treatment Agent (Ascorbic Acid), Wheat Flour, Wheat Starch), Ham (25%) (Pork, Water (6%), Salt, Stabiliser (Sodium Phosphate), Antioxidant (Sodium Ascorbate), Preservative (Sodium Nitrite)), Medium Mature Cheddar Cheese (17%) (Cows' Milk), Mayonnaise (Water, Rapeseed Oil, Cornflour, Spirit Vinegar, Pasteurised Free Range Egg Yolk, Concentrated Lemon Juice, Sugar, White Wine Vinegar, Salt, Mustard Seeds).

Kitchen staples like sugar, salt and oil. On their own they make a food processed, not ultra-processed.

• E250 Sodium nitrite Preservatives are substances which prolong the shelf-life of foods by protecting them against deterioration caused by micro-organisms and/or which protect against growth of pathogenic micro-organisms.
• Cheeses Products in the category "Cheeses" are at least group 3.
• Salt Salt, added for taste and preservation.
• Starch Starch extracted from cereals or potatoes, used to thicken.
• Sugar Sugar refined from sugar cane or beet.
• Sandwiches Products in the category "Sandwiches" are at least group 3.
• Bread An ingredient mostly produced industrially and rarely used in home kitchens.
• Cheese Cheese is milk preserved with salt, cultures and rennet.
• Sauce A prepared sauce used as an ingredient.