Let m , V ρHe denote respectively the mass, volume and density of helium baloon and ρair be density of air
Volume V of baloon displaces volume V of air.
If the baloon rises to a height h, from s = ut + (1/2)at2, we, geAt h = (1/2)at2
So, as the baloon goes up, an equal volume of air comes down, increase in PE and KE of the baloon is at the cost of PE of air [which comes down].