Place water into instant pot. Set basket trivet inside. Pour in frozen meatballs and set to 8 minutes high pressure (your meatballs are slightly less frozen please reduce the time). Release pressure when instant pot stops counting.

Once the pressure has been released remove the meatballs to a bowl. Drain the insert pot and place back into the instant pot.

In a separate measuring cup, add in garlic, ginger, brown sugar (can be replaced with honey), soy sauce, and hoisin sauce. If replacing brown sugar with honey use 1 tablespoon cornstarch to thicken as the brown sugar is the thickener. Stir sauce. Add meatballs back to the pot and set the pot to saute mode. Add in peppers.

Pour in mixture over the meatballs and peppers. Stir well. It will start to thicken once it does turn off heat and remove meatballs and peppers to a bowl. Top with sesame seeds, black cracked pepper, and serve with rice.