For meatballs, combine all ingredients and mix well. Roll into 1' balls and then place on a broiler pan and broil for 10 - 15 minutes, turning once. Place into an deep oven proof dish and set aside.
For sauce, in a pan combine the ingredients and heat until sugar is melted. Pour over meatballs, then cover and bake at 350°F for 30 minutes, or until meatballs are fully cooked.