It's possible there was once an abundance of such life and they were too simple to be preserved in the fossil record. And now that life has leveled up and conditions have changed such forms are rare or non-existent today.
One with no complex lifeforms but sufficient resources to support life seems like the obvious answer.
Also, you can't really ignore the transformative effect that life has had on all environments (underwater and on land) in terms of chemical composition. Less water, less oxygen, etc.
Presumably the evolution of cellular life was synergistic with the evolution of the environments on the planet?
This is the (by far!) most prevalent expert opinion.
Analogy #2: your great-great-...-great grandparents of 10,000 years ago unquestionably existed, but show me any direct evidence they did. You can't. All signal is gone.