Prepare the Creamy Cheese Layer:
In a blender, combine the sweetened condensed milk, heavy cream, cream cheese, and dissolved gelatin. Blend until smooth and well incorporated.
Pour the mixture into a serving dish or tray and refrigerate for at least 2-3 hours, or until fully set.
Make the Guava Sauce:
In a small saucepan, combine the cubed guava paste and water. Cook over medium heat, stirring frequently, until the guava melts into a smooth, thick sauce (about 5-7 minutes).
Remove from heat and let cool slightly (it should still be pourable but not hot).
Assemble the Dessert:
Once the cream layer is firm, gently pour the cooled guava sauce over the top, spreading it evenly.
Return to the refrigerator and chill for another 2 hours, or until the guava layer sets.
Serve & Enjoy:
Slice into squares or scoop into bowls and serve chilled.
