In a small pot, add water and then sprinkle gelatin over it, mix briskly with a spoon and then let stand about 1 minute to soften.
Heat gelatin mixture over low heat until gelatin is dissolved and remove pot from heat.
In a medium pot bring cream, milk and sugar just to a boil over moderately high heat, stirring.
Remove pot from heat and stir in gelatin mixture and vanilla.
Allow to cool to room temperature then pour into a Saran Wrap lined baking tray (12” x 9” or similar size). Cover and refrigerate for 3+ hours until set