Add the olive oil to a large heavy bottomed saucepan over a medium heat. Once warmed, add the chopped carrot, and cook for about 15 minutes, or until it begins to shrivel and is starting to brown. This will be quicker if you use grated carrot. While you're waiting, drain the tofu and tear it into small mince like pieces.
In a small bowl, whisk together the tamari, light brown sugar, balsamic vinegar, miso, tomato paste and any spices you're using.
Add the tofu crumbles to the pan and stir to combine. Pour over the tamari mixture and stir again until the tofu is coated.
Add the red wine to the pan and stir well, collecting all the little browned bits at the bottom.
Next, add the tinned tomatoes and stir thoroughly. Continue cooking for 10-15 minutes or until the mince is thick and bubbling. Taste and adjust for seasoning. Add the water as you see fit (your mince can be a little thinner than usual here) and then set aside.