In a medium saucepan, combine the pumpkin purée, sugar, brown sugar, cinnamon, nutmeg, ground cloves and water. Bring to a boil on high heat.
Reduce heat to a medium-low and let it simmer for about 15-20 minutes to let the flavours infuse.
Add in the cream and let simmer for 2-3 minutes. Remove from heat.
Transfer to an airtight container and keep refrigerated.