The main goal of the paper is to calculate the heat conductivity for three experimental hemp–lime composites used for structural construction purposes with the use of the experimental stand inside two compartments. Due to current construction trends, we are constantly searching for eco-friendly materials that have a low carbon footprint. This is the case of the analyzed material, and additional thermographic heat distribution inside the material during a fire resistance test proves that it is also a perfect insulation material, which could be applied in addition of popular isolating materials. This paper presents the results of certain hemp–lime composite studies and the potential for using hemp–lime composite for the structural construction industry. Hemp–lime composite heat transfer coefficient, fire resistance, and bulk density properties are compared to those of other commonly used construction materials. The obtained results show that the material together with supporting beams made of other biodegradable materials can be the perfect alternative for other commonly used construction materials.