You can select null from your parent and then insert it your foreign key.
INSERT INTO `transactions` (`id`, `ref`, `date`, `payee`, `amount`, `memo`, `catID`, `acctXID`, `acctID`, `version`, `userID`, `type`, `parentID`, `defCatID`) VALUES
(4893, NULL, '2000-01-04 07:19:00', 'John Trivett', NULL, 'NULL', NULL, (SELECT NULL FROM defaultCategories) , 1, 0, 4, NULL, NULL, NULL),
(4894, NULL, NULL, NULL, '8.76', NULL, 0, 2, NULL, 0, 4, NULL, 4893, 0),
(4895, NULL, NULL, NULL, '4.84', NULL, 207, 0, NULL, 0, 4, NULL, 4893, 0),
(4896, NULL, NULL, NULL, '2.28', NULL, 211, 0, NULL, 0, 4, NULL, 4893, 0);