That is an error that is not specific to PoodLL. Its a strange error too. It does not seem to be a line of code that would cause a timeout.
Did you install more than the PoodLL repository and PoodLL filter?
Anyway I think the first thing to try is to increase your PHP max_execution_time. I would set it to 180 (it is now 30). That will require making changes to your php.ini file. If you know how to do that, or are happy to try, then this page tells you what to do.
If you are not interested in doing that personally, and your site is hosted, I think you could just ask your hosting company support to do that for you. (EDIT: I see you are running xamp on windows. So you will need to do it yourself.)
If you need to check your PHP settings, Moodle provides a handy page that displays the phpinfo()
That is at site admin -> server ->php info