Toasty, Burnt, Brûlée!
Python 2, 124  118 116



t=eval(input().replace("\x3A","."))
print["Bread","Warm Bread","Toasty","Burnt","Brulee"][sum([t&gt;3.3,t&gt;2,t&gt;1,t&gt;.3])]


Try it online!

-6 with thanks to @tsh and also thanks for tho TIO test cases.

-2 with a couple of cool tips from @BlackOwlKai

Throws a ValueError for invalid inputs that cannot be converted to a float. For numbers less than 0 it returns "Bread" because it is still bread. Guess if we are really strict on ensuring that the input is a valid time it could be done but for me the interesting bit was how to avoid the : in Python.