I have enabled the debug logs - which show the following errors:
2021-07-12 10:31:34 ERROR (SyncWorker_5) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:34 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_4) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:34 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:34 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:35 DEBUG (SyncWorker_0) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:44 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_0) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:44 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_3) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:44 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:44 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:45 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:45 DEBUG (SyncWorker_2) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:54 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:54 DEBUG (SyncWorker_2) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:54 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:54 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:54 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:54 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, IllegalAddress)
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, IllegalAddress)
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, IllegalAddress)
2021-07-12 10:31:55 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_4) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:55 DEBUG (SyncWorker_0) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_0) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, IllegalAddress)
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_3) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, IllegalAddress)
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_2) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:55 DEBUG (SyncWorker_1) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_1) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [pymodbus.client.sync] New Transaction state 'SENDING'
2021-07-12 10:31:55 DEBUG (SyncWorker_5) [homeassistant.components.modbus.modbus] Pymodbus: Exception Response(131, 3, GatewayPathUnavailable)