Different meters have different low temperature thresholds. I don't remember which meter it was I used some years back, but it had a minimum use temperature of 8 °C if I remember correctly. No problem warming the thing up under my arm for a minute or two before testing at night in winter, but still annoying.
So now I use a Contour Next One which apparently works down to 5 °C, and I only have to warm it up very occasionally. If you compare different meters online you'll find the min and max temps.
As in blood won't come out or won't read?
I regularly swim outside, current water temperature is 2 °C and I can assure you my hands are not much warmer right after a swim, but my meter works just fine. (Libre will need time to warm up though, it starts giving a 'sensor too cold' message once the water temp drops below 10 °C.)