In a small saucepan, heat the annatto oil over low heat. Add annatto seeds and let them infuse the oil for about 5-7 minutes. Remove from heat and strain out the seeds.
In a large skillet or wok, heat extra virgin olive oil over medium heat. Add garlic and onion, sauté until translucent and fragrant, about 3-4 minutes.
Stir in green peas and diced roasted peppers. Cook for another 2-3 minutes to meld the flavors.
Add cooked jasmine rice to the skillet. Pour in the prepared annatto oil and sprinkle paprika, lime zest, salt, and pepper over the mixture. Toss gently to coat.
Remove from heat and squeeze in lime juice, mixing thoroughly. Adjust seasoning if necessary.
Transfer Java Rice to a serving dish and garnish with lime wedges or fresh herbs if desired. Serve warm and enjoy!