Short answer: The Pack o' Cards has a play area and a stream running through the garden, which with a toddler is the best thing in the village. The beach has superb rock pools at low tide. The catch is the village is two miles long, so park at the beach end or you will carry them.
Combe Martin has the longest village street in England, running roughly two miles from the beach up the valley. That is a genuine problem with a toddler: park at the top end and the beach is a long way back uphill with a tired child. Park at the beach end, where there are toilets at the car park.
Built to look like a deck of cards by a man who won at gambling, and the thing that matters with a small child is the garden: a play area and a stream running through it. That is the best free entertainment in the village. One warning — there is no baby changing, so sort that before you settle in.
Combe Martin's rock pools at low tide are superb, and a sheltered bay between high cliffs is a gentler introduction to a Devon beach than the open north coast. Check the tide before you go: at high water there is much less beach and the pools are gone entirely.
The Focsle Inn overlooks the beach, is very dog friendly and does an enormous ploughman's, which is easy to share. The Harbour Cafe is the highest rated locally, does a cheap cooked breakfast and takes dogs on leads. Both are at the beach end, which is where you want to be anyway.
The bay sits between high cliffs, which makes it noticeably calmer than Woolacombe or Croyde when the wind is up. On a blustery north Devon day, that shelter is the reason to come here with a small child rather than to the big open beaches.
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