In a stock pot, melt butter. Add onion and cook for 2 minutes. Next add carrot and celery and cook for 2 minutes. Add in red pepper and garlic, cook for another 1 minute.
Sprinkle flour over the vegetables and cook for 1 minute.
Add in half the broth and mix. Once flour is incorporated into the broth, add remaining broth, milk, water, dried thyme, bouillon, salt and pepper. Stir until well combined.
Mix, then add corn and peas. Bring to simmer then lower heat slightly.
Add the pasta into the pot cook for 10 minutes or until pasta is just cooked. Adjust salt and pepper to taste. Serves 4-5.