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Dissolve the yeast in lukewarm milk.
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In a large bowl, Gradually add all the ingredients to the flour, except for the pearl sugar.
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Place down in a warm dark spot, cover with a warm damp cloth and let the dough double in size (about 30 minutes).
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When dough has doubled in size heat your waffle iron.
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Knead in pearl sugar to dough.
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Cut dough into 8-10 pieces and gently roll.
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Place dough balls onto each side of the waffle iron (they will not be perfectly round, but that's how they are supposed to be).
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Bake in the waffle iron for about 5 minutes or until a caramelized color.
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Carefully remove waffles as the sugar is hot!!
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Wait about 5-10 minutes to eat otherwise you will scald your mouth!
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Enjoy with milk!