In a medium bowl, whisk together the meatball satay sauce ingredients. Transfer to a large skillet with the meatballs, and heat to a simmer. Sauce will start to thicken, reduce heat and cook on med-low until the meatballs are headed through, about 10 minutes. Timing will depend on if your meatballs are frozen or thawed. Cover for a quicker steam.
While the meatballs are heating, whisk together the peanut sauce ingredients in a small bowl until well combined. If you want a thinner sauce, add more water. Pour into a small serving dish, garnish with chopped peanuts.
Serve meatballs on a platter or skewered for a party along side the peanut dipping sauce. Garnish with fresh parsley and chopped peanuts.
For an ultra creamy smooth peanut sauce you could blend all of the ingredients in a food processor or blender. Chunky peanut butter could also be used if you want a little peanut crunch in every bite!
Nut allergy? Just forego the peanut sauce, the meatballs are delicious on their own or served with rice!