Step 1

Preheat the oven to 350 degrees F. Spray a 10-inch tube pan with cooking spray.

Step 2

Cut each biscuit into 2 half moons to make 48 biscuit pieces. Separate the pieces into 2 piles.

Step 3

Working with half of the dough, flatten a piece of biscuit in your hand and stuff it with a cheese cube and about 1/4 teaspoon fig preserves (it is easier to roll if you use the little pieces of fig from the preserves). Gather the dough around it and roll into a ball. Repeat with the remaining dough, cheese and jam to make 24 balls; set aside.

Step 4

With the remaining dough, stuff and roll each piece of biscuit with an olive.

Step 5

Toss the almonds and parsley together in a medium bowl. Toss the Cheddar, paprika and cayenne together in another medium bowl. Put the melted butter in a small bowl.

Step 6

Alternating every so often between the two flavors, dip the cheese and jam balls in butter, then roll them to coat in the almond topping; and dip the olive balls in butter and roll them to coat in the Cheddar topping. Arrange the balls in the tube pan so that the flavors are interspersed.

Step 7

Bake the bread until golden brown all over and the dough is baked through, about 35 minutes. Cool in the pan 10 minutes, then turn out onto a plate and serve warm.