Add olive oil to a medium sized frying pan or skillet on medium heat.
Saute the onion, garlic and ginger until soft and translucent.
Proceed to add the scotch bonnet pepper, thyme, parsley, apple cider vinegar, chopped tomato, soy(a) sauce, liquid smoke and molasses.
Stir all of the ingredients together so they are evenly combined.
Add the guava jam and start to stir (the colour of the sauce will begin to change).
Reduce the heat to medium-low and continue to simmer while stirring for 15-20 minutes.
After the given time do a taste test and add pink salt and black pepper to taste and then squeeze in the juice of a lime.
Carefully transfer the contents from the saucepan to a high speed blender.
Put the lid on and blitz at high speed until a smooth consistency is formed.
Allow to completely cool down before pouring the sauce into a clean jar(s).
Refrigerate and use accordingly.