Please update to 1.0.3, and if you can come back with your latest thoughts. You’re right, it doesn’t make sense to set an alarm for the past, except if the item slips and gets reassigned for another day, now that alarms carry over.
Hmm, does turning on the new "Alarms" toggle in settings’ new Lists section not give you what you’re after? When turned on, and a reminder has one or more alarms set, it will indicate the next’s time (and the number of others set). One thing though: if the alarm set for the reminder has passed, it won’t show... which perhaps on reflection maybe it should for incomplete items, as though to re-emphasise you haven’t completed something that had an alarm set... maybe. But the fact there’s no alarm pill showing too perhaps implicitly indicates this too.
I'm still on 1.0.2 - is there a newer version? I'm not seeing Lists in Settings - just Location| Widget. - If someone attempts to set an alarm in the past - I think you simply need to tell someone they can't do that with a pop-up message/block it - no? Is there a use case for setting an alarm in the past? - I may have been setting in the past accidently, but today I pulled yesterday's item, into today - put the Reminder alarm on & still don't see any indication of the time.