In that case then the bypass valve or some other route is allowing the hot water to bypass the radiators and return to the boiler without having lost much heat.
If the radiators do not get "enough" water to satisfy the radiators demand ( the amount of heat they disipate ) then the water that does pass through them will be even cooler when it leaves the radiator
That is a kind of thing a heating engineer would look at and then attempt to repair instead of speculation.