Quote:
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As a member of Kindle Unlimited, you may read Kindle books and listen to Audible audiobooks from a designated list of titles an unlimited number of times for so long as you are a member of the program. From time to time, we may add or remove titles from the program and we make no guarantee as to the availability of specific titles or the minimum number of titles available. The program is currently only available to customers located in the United Kingdom, (including Gibraltar, Jersey, Isle of Man and Guernsey) and Ireland. If your membership ends, you will no longer have access to the titles you selected from the program.
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From the Kindle Unlimited (UK)
Terms of Use (emphasis mine).
It's a lending service. You can borrow/read 10 books at a time. Some may become unavailable if they are removed from the system overall. All will become unavailable to you if you cancel your membership. Converting and adding them to your own library would be copyright infringement.
[ETA: cross-posted with a few folks, still might be useful]