As FumbleFingers said there is no difference in meaning. Consistency of verb tense and the implied usage is all that matters.
Trying to sell a product
"This product we're working on is designed to appeal to everyone"
"The WaveTek Washer is designed to do your laundry in half the time with half the water!"
"The element of an electric oven is designed to produce 3.3kW of heat when connected to a 240-V source"
Using the present tense puts emphasis on the product being new and desirable. "Is designed" is most commonly heard in descriptions of function or purpose.
Talking about a product
Thumbscrews were designed to inflict maximum pain without causing death"
A: "Why didn't your phone break when you fell in the lake?"
B: "My phone was designed to be waterproof."
"Classical music was designed to share the composers emotion with the world"
The past tense here is suitable since both speakers are talking about the past: both the dropping of the phone and the design obviously occurred in the past. "Was designed" is most commonly heard when talking about a product.