1. Peel the lychees and extract the seed from each. Cut in half.
2. In a medium saucepan over medium-high heat, stir together the sugar and water. Stir until the sugar is dissolved. Bring to a boil and let boil about 10 minutes, or until it becomes slightly syrupy (just under the level of syrupy you want, as it will harden slightly after cooking).
3. Add the cinnamon, nutmeg and vanilla. Remove from the heat. Add the lychees.
4. Set up individual plates with bread. Spoon the lychee mixture over the bread.