As you said a textbox is dumb, but you can add code so that it looks like it is smart.
You can use a TextBox1_Change macro to test what characters have been entered into the text box and make sure they follow a set format.
You can use a TextBox1_BeforeUpdate or TextBox1_AfterUpdate to check the entry is reconised as a time type entry
You can certainly have code that will add the details of the textbox to a sheet
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