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Race is different from nationality and citizenship. Characters can be white, black or mixed race and still be Britannian. That doesn't seem to be an obstacle.
The main type of discrimination seems to be between Britannians and non-Britannians, not between all of the world's different races as such.
But at no point did the show state that the citizens of conquered territories automatically become Britannians, at least not in the short term. After all, there would be no need for a category like "honorary Britannian" if the process of incorporating foreign nationals from conquered areas was automatic.
In the case of Villetta, we don't know much about her past...but if her family is Britannian, I suppose that's what actually matters.
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