Mix olive oil, balsamic vinegar & honey/syrup/sugar in a bowl. Chop the onions, press the garlic, crumble the chili (discard the pits!), add the oil mess & start frying.
Add herbs & the bay leave & fry everything for about 4-5 min - softly!
Add the peeled tomatoes (incl. the tomato juice!) & break the tomatoes apart.
Add the tomato purée.
Let the tomato mess simmer for about 20 min.
Remove the bay leave.
Add salt & pepper to taste.
Pour in a serving bowl & serve.