Along with the icon of the Madonna other items and icons were found, witnessing the vigorousness of the monastery. Among them four discs of Russian origin with the ancient Slavic script on the outer circle. One of them depicts the known Old Testament incident between Adam, Eve, and the snake.

The inhabitants of the village, but also all the emigrants, are very attached to the church of the Madonna and especially with the wonder-working icon of "Panagia tou Valana". This piety of the inhabitants has led them to a fund raising campaign for the construction of a church in the area of the ancient monastery.

Panagia tou Valana.

What was the area of the village that today is named Valanas? Was it a Byzantine church, an ancient monastery for men, an episcopate, a feud? Nothing is absolutely certain. The only certain thing is that the chapel of "Panagia tou Valana", which is built today upon the hill with the same name, is not the first construction in the area.

Under the chapel there is a cistern in which water was stored. Other such cisterns were found in the surrounding area, something that proves that many people inhabited the vicinity. The surrounding fields are ridden with fragments of tiles, broken earthenware jars and other clay pots, proving that there was a settlement in the region.

A section of a floor mosaic, as well as the remains of an ancient oil-mill, have been salvaged in the courtyard of the chapel. Also, before the re-allotment of land that occurred, an extant water transportation system could be found in the area.

In 1987, the owner of the piece of land that lies in the east of the chapel found some ancient findings while cultivating his field. Unfortunately these findings disappeared. Whatever remained was delivered to the officer of the Department of Antiquities and today they are found in the Museum of Limassol; these are a small column and a limestone head. Later on, a search was conducted in the area but nothing was found to prove or disprove the existence of a monastery in the area.

It is said that the icon of "Panagia tou Valana" was found in the hill of the same name during the Turkish domination. A shepherd, attending his sheep as they were grazing, stroke his crook and heard a peculiar sound as if he had hit on wood. He dug and found a trunk in which laid the icon of "Panagia tou Valana" and two "sanies" (large carved metallic discs) with Sacerdotal Vestments in them. This icon is found in the church of the village today. It is an icon of the 12th century and neither its origin nor the place where it was painted are known.

Right after the discovery of the icon in the area, the inhabitants of Laneia decided that they would be transferring the icon to the place were it was found and would be conducting a mass in its honour. Easter Monday was decided as the date when the transfer would take place. Because no building was preserved in the area the mass was conducted out in the open.

"Panagia tou Valana" started gaining reputation outside Laneia because occasionally it performed miracles. Many people went to her grace and were healed. Apart from the local people, the Madonna healed outlanders too and so, slowly-slowly, people from neighbouring villages and faraway regions started to attend her celebrating day.

On the 4th of May 1959, a decision was taken by the community to construct a chapel. The inhabitants rushed and gathered contributions and material from several people and in a period of three months the chapel was built. So, on he 15th of August 1959, they transfer the icon of the Madonna to the chapel and celebrate the Assumption there for the first time.

The spot were the chapel was raised was not selected by chance. Many years ago, the people of the village observed a light, which some called a star and some called an oil-lamp, suspended from nowhere above the point were today the chapel stands.

After the 1996 earthquake, the chapel had taken severe damages. The community of Laneia expressed the desire to construct a new chapel, bigger than the current one, in honour of "Panagia tou Valana", so as to serve the large number of pilgrims that swarm during the festive days of the Madonna. So, in collaboration with the Holly Bishopric of Limassol, the construction of a bigger, more spacious church has been decided; in the future it will be used as the central Temple of a Monastery that will be raised.

Saint George