Overnight one of my thermostat valves seems to have died. It was about due for new batteries so I was not surprised, but installing new batteries resulted in the unit seemingly browning out before it properly initializes its display. I've opened it up for inspection and I own several identical but functional valves so I can get reference measurements with ease.
There's a micro USB port that isn't visible unless you open it up, but powering from there still works fine on the broken unit. That suggests there's an issue only with the supply circuitry that regulates the battery input. If I power the board on the bench from the battery terminals with 2V, a good device seems to regulate this to 3.0V using circuitry I do not understand. The broken device bumps this to over 7V, which can't be right. I'm looking for some help on deciphering how this regulation works, and how to pinpoint the likely culprit. Detailed scan is attached, hopefully the filesize isn't prohibitive.