In a saucepan, melt the butter and sugar on low flame. The butter needs to be completely melted and have a caramelized appearance - do not burn! Switch off and allow it to cool slightly.

Heat 1/4 cup of water in the microwave and sprinkle the gelatin in it. Let it melt. Whisk it gently with a fork till combined.

In a blender, add the milk, condensed milk, cream, and the bloomed gelatin. Blend till smooth. Add the melted butter and blend till all combined.

Pour into an 8 inch glass pan. Refrigerate till set.

Top it with crushed peanut candy or praline.