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PUMPKIN DOUGHNUTS: In a large bowl, combine flour, baking soda, baking powder, both sugars, salt and spices.
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In another bowl, combine pumpkin puree, egg, oil and water. Add wet ingredients to dry ingredients and mix until just combined (do not overmix).
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Spoon the batter into greased non-stick doughnut baking tin. Bake for 15 minutes in the 350 F (175 C) preheated oven, or until a toothpick inserted into donut comes out clean. Allow to cool in the pan for 5 minutes, then take out onto a wire rack to cool completely.
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TOPPING: In a small pan, melt 1/4 cup butter. In a small bowl, mix sugar and cinnamon. Brush each doughnut with butter and sprinkle with sugar-cinnamon mixture.