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Hi! I confirm that you can reset your Nano S without it having any impact on your funds!
Your funds are tied to the recovery phase. So, as long as you properly protect this recovery phrase, your funds are totally safe:
Here are a few guidelines to protect your recovery phrase and PIN:
[https://support.ledger.com/hc/en-us/articles/360005514233-Secure-your-recovery-phrase-PIN-code?docs=true](https://support.ledger.com/hc/en-us/articles/360005514233-Secure-your-recovery-phrase-PIN-code?docs=true)
And here is an excellent article to learn how all your accounts can be derived from one single recovery phrase 😃
[https://www.ledger.com/academy/crypto/what-are-hierarchical-deterministic-hd-wallets](https://www.ledger.com/academy/crypto/what-are-hierarchical-deterministic-hd-wallets)