Slice fresh peaches. Bake in air fryer at 350F for 10 minutes or in 350F oven for 20 minutes.
In a bowl, mix pancake mix with nutmeg. Stir in 1 cup water (or milk).
Add honey to pancake mix. Mix well.
Place peaches in a baking dish. Pour mix over peaches.
Bake in pre-heated 375F oven for 30-40 minutes.