In a small mixing, bowl add 1/4 cup of milk, custard powder, and saffron and mix well until it dissolves in milk.
In a saucepan bring the remaining milk to boil, add honey o and vanilla, once it starts bubbling add the custard powder milk and stir until it starts thickening.
Remove from heat, strain to get rid of any lumps and let it cool.
Once the custard is cooled, serve topped with gulab jamuns.