Put 330 ml water in a pan with the wine, honey, sugar and thyme . Bring to the boil over a medium low heat. Reduce to a simmer, add the figs and cook until they are very tender.
Using a slotted spoon, lift the figs into a bowl. Increase the heat and boil until the liquid has reduced to a third. Pour the liquid over the figs and leave to cool.
Serve at room temperature, alone, or with cheese or rice pudding.