Make balloons. Tint a 1 in. white fondant ball each royal blue, orange, leaf green/lemon yellow combination (for green), and red-red/ Christmas red combination (for red). Tint a 1 1/8 in. white fondant ball lemon yellow/golden yellow combination (for yellow).
Use 9 in. fondant roller with pink guide rings to roll out colors 1/16 in. thick. Use pattern and knife to cut individual balloon shapes. Use damp brush to attach to white balloon base. Let dry overnight on cornstarch-dusted surface.