Yes BSR, what I'm implying is that going from RS-232 to RS-485 is not just a matter of cabling. The two specs are using different voltage levels. RS-232 is bi-polar, going from a voltage between -12 and -3 volts for a logical "1" to between +3 and +12 volts for a logical "0". On the other hand, RS-485 is differential, using two signal lines that use opposite signals of 0 or +5v volts. The converter looks for one side to be receiving a signal change and transmits out the other.
I've actually built my own module for communicating with a RCS TR40 stat. This project is based on a microcontroller and uses a 75176 chip to interface to the stat. On the RS-485 RCS stats, you also need to provide it with a seperate +12 volt supply to power the interface. They use optoisolation so its 24 Vac power source cannot be used to power the serial interface.