1. Prepare the Peach Filling:

In a saucepan, combine peaches, sugar, cornstarch, cinnamon, and water.

Cook over medium heat until thickened. Set aside to cool.

2. Prepare the Cheesecake Filling:

Beat cream cheese, powdered sugar, and vanilla extract until smooth. Transfer to a piping bag.

3. Make the Donuts:

In a bowl, mix flour, sugar, baking powder, and salt.

Add milk, melted butter, and egg. Stir until combined.

Heat oil in a deep pan to 350°F (175°C).

Drop spoonfuls of batter into the oil and fry until golden brown. Drain on paper towels.

4. Assemble the Donuts:

Using a piping tip, fill each donut with cheesecake filling.

Add peach filling on top or inside.

5. Coat the Donuts:

Mix sugar and cinnamon in a bowl. Roll warm donuts in the mixture.