So I decided to make my own.
Let me make this clear before I begin: This Instructable is only how to build the frame. I have not yet worked out how I will make the mattress or if I will attempt to buy one, but in the instructables spirit if anyone has any suggestions, suggest away.
This futon folds in three sections to give a comfortably wide (4ft) and long (6ft-ish) bed that could sleep two (if proximity is not an issue!). When it is folded up it forms a sofa that is close to the ground and has an open angle (about 100 degrees) which I find very comfortable to sit on.
I am not a carpenter, crafstman or a great DIY-er, I didn't even take wood tech in school, so this instructable is very accessable. So get up off your computer and turn that empty space in your bedroom or living room into a versatile piece of furniture! If I can do it, so can you!