Alpi Aviation Pioneer 200 ZK-LPI

Seen yesterday visiting Dargaville was the Alpi Pioneer ZK-LPI/2 c/n 2022

Under the ownership of Peter Randall of Te Kopuru since new in late 2007, this tidy aircraft is based at his farm.

ZK-LPI/2 at Dargaville 28July2012

However, this aircraft is not the first Alpi to carry this registration.
ZK-LPI/1  c/n NZ200-1 was registered to ALPI Aviation NZ Ltd. of Whangarei in August 2002. They were the agents, and ZK-LPI/1 was utilized as their demonstration aircraft.
Sold to R B Trotter, Fairlie in early 2004, it then passed to Peter Randall at a later time.
Apparently the aircraft was damaged beyond repair sometime in 2007 and was cancelled as 'Destroyed" on 20/12/2007.
The question: what actually happened to ZK-LPI/1?

ZK-LPI at Hamilton 2003