In a saucepan, bring 2 cups water and coconut milk to a boil
In a separate bowl, mix together cocoa powder with about 1/3 cup water. The powder will become a thick chocolate sauce, which will allow easier mixing into the rice. Set aside.
Add rice then lower the heat to a gentle simmer. Cook for 20 min, stirring throughout so the rice doesn't get stuck on the bottom.
Once the rice is done cooking, turn the heat off. Add in chocolate sauce and sugar. Mix well until you get an even mixture.
To serve, fill a small bowl and add toppings of your choice.