What is a balm?
Well lets get back to basics. A balm is a noun and early records show its mentioned in the old testament as the Balm of Gilead which was a type of perfume / medicinal salve. In the 13th century middle English used the term ‘basme and the french baume' to describe a balm.
Balms are anhydrous they don't contain any water if they did it would be a cream. Balms are made up with a combination of wax and oils.