Biodegradable polyurethanes foam as well as foam strips have been formulated by the renowned one-shot process. Commercially available biodegradable trifunctional polyol, polycaprolactone triol (major, ~77 wt%) and isophorone diisocyanate were chosen to react in the presence of other essential components to formulate the PU foams from the paper cup as well as foam strips using mould at ambient temperature. The formulation of foams has been efficiently attempted by successive steps by alteration of the components such as chain extender, quantity of water and isocyanate index. In situ addition of fullerenes (0.1, 0.4 and 1.0 wt%) into the composition of PU foam strips formulation in mould found to afford the three samples of PU-fullerenes nanocomposite. In case of polyurethanes-fullerenes nanocomposite foam strips, nanomaterial of fullerenes was identified to disperse uniformly in the bulk of sample to incorporate the enhancement in physicochemical and mechanical properties value as compared to the control PU foam strip. The battery of analyses such as physicochemical, morphological and mechanical properties was studied for each foam samples, including control and PU-fullerenes nanocomposite strips. Solid state carbon-13 nuclear magnetic resonance spectral data for the foam revealing desired properties was collected to corroborate the chemical functional groups in the molecular structure network.