Heat water on stove on a low to medium heat
Add gelatin to water and dissolve
Add evaporated and condensed milk to gelatin mix till all gelatin is dissolved and mixture is warmed through
Remove from heat and add vanilla, coconut milk and nutmeg.
Pour into molds/dishes and refrigerate till set.
To remove from molds, dip pan in warm water and gentle ease mixture from sides (don't worry it's firmer than you think)
Sprinkle with coconut flakes and serve