The residual thermal stress field in the pull-out specimen is calculated in the case of a high properties thermoset system (carbon-bismaleimide). The calculation is performed within the framework of the linear theory of elasticity by means of a finite element method. The specimen is modelled as a three-phase composite (holder-fibre-matrix). The meniscus which forms at the fibre entry is taken into account in order to provide a realistic stress concentration. The latter is far higher than the matrix strength. Evidence that fibre debonding propagates from the fibre end during cooling is then produced.