Hi Rod,
Maybe the circuit breaker to the VFD has tripped and you just did not catch it, or maybe it has failed.
Looking at the Manual page 13 you will see the power feed to the VFD. On the upper left hand side you will see a circuit breaker, QM, that is feeding only the VFD. (By the way, just below this you will see the VFD that they actually call th Inverter DAP 03. Not for sure why and it is not shown in the parts list.) Anyway, the circuit breaker is adjustable from 5-8Amperes with a small red switch. I know you said you tried all of the circuit breakers but just in case lets try this one again. You did not provide a photo of it on your machine, but in the photos that you said were from a similar machine you will see it in photo
pm940 cnc 1.jpg. It is in the row of circuit breakers (middle row) on the far left end and is small in this photo unless you enlarge the photo. It is labeled QM. It has a L2 and N2 feeding it with line power. The power to the VFD comes out the bottom and the wires are labeled R and S. You could measure the voltage between the R and S at this output and see if it has 220 VAC. If it does then the power is failing to get to the VFD from this point, but it is unlikely that both wires would break or come loose. QM has a rectangular red button and a grey button. When the Red button is all the way out and the grey button is all the way in (flush to the surface) the breaker is conducting and provides power to the VFD. I suggest you check it, push the buttons in and out a couple of times, if you are uncertain if it is engaged. You could also measure the voltage going into it to make sure that it is getting 220VAC at the L2and N2 wires.
The hook up for these things is a little strange. You will see in the drawing that the input has 3 terminals and that the one in the middle is connected to a wired that comes out the bottom right hand side. The way it works is the diagram is that the N2 goes connects at the right hand terminal and come out of the bottom on the right hand side. The wire is then connected from the bottom right hand side to the top center terminal. The bottom left and center terminals feed the R and S to the VFD. The reason for the right hand side is that when the current flows from the top right terminal through the device to the bottom right the device measures the current. If it is too large then the breaker trips stopping the current from exiting the bottom. If it is not too large (OK) then the power feeds out the bottom R and S lines on to the VFD.
I just went and looked at mine. On it the little red slide switch is set all the way to 8 Amperes. I have never had this thing trip on my machine, even when I once stalled the spindle motor and sheered off a pin on the inside.
I do not think this has anything to do with your issue, but by the way, it is not clear to me why our machines have such a very large black transformer at the top left of the CNC box. It seems like it is much larger than needs be and is breaker-ed below its capacity. The best I can tell it is only to provide 60 VAC power to the stepper motor amplifiers. This transformer is shown on the manual page 13 on the right hand side and is fuse with breaker FU4 at 10 Amps to power all of the stepper amplifiers. For some reason, upon powering up the controller with the green start button this FU4 trips and I have to open the door and reset it. It seems to be random as to when it occurs and I have not been able to figure out why it does this, but only on occasion. It is a pain because if you do not realize it has tripped and you use Mach3 to change the position the origin is lost. Mach3 does not know that the steppers are not working!
By the way if you want to see pictures of my machine look to my Feb 14th, 2019 post in the middle of the following thread.
Got on one the last 940M-CNC's that PM produced. Its an all options unit with the 4th Axis, VFD, and auto oiler. Unit also came with a small coolant reservoir, pendant, and R8 drill chuck and shell mill, woohoo. Used a friends bobcat with forks to move the large crates off the semi trailer...
www.hobby-machinist.com
Good night
Dave