Fill a small saucepan with about 3 inches of water and bring to a low simmer.
Place a glass bowl over the pot and add in the beeswax pellets, coconut oil and honey.
Heat the ingredients for about 15 minutes, stirring occasionally while the pellets and oil melt and meld together with the honey.
Remove the pot from the heat, but leave the bowl on top so the mixture doesn't harden while you're filling the tins.
Use a dropper to carefully fill each tin. Do not handle the tins while the mixture is hot or you'll burn your fingers. The balm with harden in about 5-6 minutes, but wait about 30 minutes for them to cool completely before handling.