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Add buttermilk, oil and vanilla extract and mix to combine until smooth.
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Transfer the dough to an oiled surface and use a slightly greased rolling pin to roll the dough to ½ inch (1 cm) thickness.
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Use a donut cutter or 2.5 inch (6 cm) round cookie cutter to cut the donuts and a 3/4 inch (2 cm) round cutter for the inner circle.
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Re-roll the rest of the dough and cut into donuts until no dough is left.
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Place the donuts about 2 inches (5cm) apart on the prepared baking sheet.
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Bake the donuts for 7-8 minutes. Make sure you don’t over bake the donuts.