Preheat your oven’s broiler or get your kitchen torch ready. Spread mini marshmallows evenly on a baking sheet, ensuring they're not overcrowded. Broil them for 1-2 minutes until golden brown.

Pour whole milk, heavy cream, and sweetened condensed milk into a small saucepan. Place over medium heat, stirring occasionally until warmed through, being careful not to boil.

Add the toasted marshmallows immediately to the heated milk mixture and whisk vigorously until the marshmallows have melted and achieved a smooth consistency.

Stir in the vanilla and almond extracts off the heat, mixing thoroughly to incorporate all flavors.

Allow the mixture to cool to room temperature before transferring to a mason jar or airtight container. Shake well before each use.