Soak gelatin in 2 tablespoons of water to soften.

Combine milk, sugar, and condensed milk in a pot.

Add the softened gelatin mixture to the pot.

Simmer the mixture over low heat until the gelatin and sugar are completely dissolved. Do not boil.

Remove from heat and let cool slightly.

Stir in heavy cream and vanilla essence.

Pour the mixture into a damp ring pan or individual cups.

Chill in the refrigerator for at least 1 hour, or until set.

To unmold from a ring pan, dip the bottom briefly in hot water.

Flip the Panna Cotta onto a serving plate.

Garnish with fresh strawberries, if desired.