Place peaches, apricots, water and sugar over medium heat bringing it to a simmer to cook through the fruits
Once cooked, purée the fruit with a stick blender (if you have a blender, let the mixture cool a bit first so as not to burn yourself)
Place in the fridge to cool completely, several hours or overnight adding the almond once cooled
Churn in your ice cream maker and place in a freezer safe container once it's finished to firm up further (or if you're impatient like me just serve it straight from the machine)