My aim is to do exactly what a LEFT OUTER JOIN intends to do using the 4th venn diagram: SQL Diagrams:

My query isn't returning any values at all, where in fact, it should be returning all within the Consultant_Memberships minus the one that is stored within Consultant_Memberships_Lists.
Please see the SQL Fiddle for an easier understanding:
SELECT * 
FROM   consultant_memberships 
       LEFT OUTER JOIN consultant_memberships_list 
                    ON consultant_memberships.`id` = 
                       consultant_memberships_list.membership_id 
WHERE  consultant_memberships_list.consultant_id = $id 
       AND consultant_memberships_list.membership_id IS NULL 
The query is using '5' as an ID for demonstration purposes to try and pick out the correct rows.