If you plan to unmould your pannacottas , lightly grease your bowls or ramekins. Keep aside
In a small bowl, take the cold water and sprinkle the gelatin . Keep it aside for atleast 5 minutes . This is called blooming.
In a saucepan , measure out the coconut milk , cream and sugar.
Heat until the sugar melts and the mixture just comes to a boil.
Take off heat and stir in the bloomed gelatin mixture
Heat while stirring for 2 minutes ( do not let it boil again )
Strain the mixture to remove any undissolved gelatin granules and pour into ramekins or prepared cups. Chill or atleast 3-4 hours or overnight
The pannacotta will be set but will wobble or jiggle slightly when you move the ramekin or cup