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Add a new layer

Set your background #C00000 and your foreground to null.

Using your Shapes tool set at:

Ellipse
Antialias checked
Create as vector checked
Line width 1

Hold down your shift key while you draw and it will be an even circle.

Draw it about 125 in size.

Convert this layer to a raster layer.

Selections > Select all.

Selections > Float.

Effects > Eye Candy 4000 > Glass > lollypop preset.


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Here are the exact settings:

   
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And here are the settings for Eye Candy 3:


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Selections > Select none.


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