Warm up milk and add sugar and vanilla extract. Take off the fire. Seperately break eggs and beat them. While the milk is still warm add the eggs gently and whisk together.
For the caramel place the sugar in a thick pan and cook till it turns golden brown. Immediately pour a tble spoon each of the caramel in the custard molds. Pour the custard into the mould.
Take a deep baking tray and fill with water. Place the custard molds in this water bath. The water should be covering at least 1/3 rd of the mold. Place in a preheated oven at 150c and bake it for 15-17mins. Remove and refrigerate the molds for atleast 2 hrs. remove and demold and serve chilled.