Preheat oven to 180°C. Line a muffin tray with baking paper or grease with butter or oil.
Rinse carrot and capsicum in cold water. Grate carrot, finely dice capsicum and slice mushrooms. Set aside
Combine capsicum, mushrooms, carrot, cheese, flour, baking powder and butter in a bowl.
Add the milk, eggs and olive oil to the bowl. Mix until combined.
Place mixture into muffin tray (roughly 2 tablespoons).
Bake for 15 minutes or until golden brown.