Preheat the oven to 375F, line a baking sheet with parchment paper, leave aside.
In a medium saucepan add water and butter, bring to boil, let it rest for 3 minutes.
Add the dry ingredients - almond flour, coconut flour, stevia extract, baking powder- in a medium bowl and whisk until all the ingredients are well combined.
Add water to dry ingredients and egg stir until combined. The batter will become a dough-like, soft but firm.
Wet your hands with water or oil and make small balls of about 2 inches diameter.
Place them on the previously prepared baking sheet and bake for 15 minutes or until these are golden.
Remove from the oven and let them cool off for 5 minutes, meanwhile prepare the caramel topping.
Caramel Topping
Mix together stevia and cinnamon, leave aside.
whisk together the almond butter with the butter until smooth and completely homogeneous.
Add stevia and cinnamon, integrate well.
Assembly
Using a spoon, dip the donut holes into the caramel dip. You may also use your clean hands, making sure it covers the whole donut hole.