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Line the bottom and sides of an 8- x 8-inch baking pan with parchment paper. Make sure the paper hangs over the pan on all sides.
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Brush the bottom and the sides lightly with vegetable oil.
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Heat the heavy cream, butter, and hibiscus rose extract In a small saucepan. Bring to a boil while stirring to combine.
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Remove from the heat and set aside.
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Place the sugar, corn syrup, and water in a large, heavy saucepan set over medium heat with a candy thermometer attached to the side.
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Bring the mixture to a boil, stirring. Once the sugar is dissolved, do not stir again.
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Cook the mixture until the temperature reaches 248 degrees F. Swirl the pan occasionally but do not stir the mixture.
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Slowly pour the cream mixture into the sugar. Be careful because the mixture will bubble up.
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Continue to simmer. Do not stir. Swirl the mixture frequently, for 15-25 minutes, or until the caramel thickens and turns golden brown. While simmering, keep your eye on the thermometer and do not allow the temperature to rise above 250 degrees F.
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Pour the cooked caramel into the prepared pan.
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While the caramel is warm, gently scatter and press the hibiscus and rose petals over the top.
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Let the caramel cool for 2 hours.
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Cut it into 1-inch pieces.
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Alternatively, use a small heart cutter to cut the caramels.
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Wrap each piece in squares of wax paper.