I just fill a 5 gallon pail about 1/4 full with my compost out of my composter, then I fill the pail with water, add about a tablespoon of molasass. Install an aqurium bubbler stone close to the bottom to allow oxygen into the mix and then I let it brew for 3-5 days and stirring it all up whenever every now and then. Once youre brew has brewed for 3-5 days pour it through some sort of filter. I use an old shitty shirt but they say to use cheesecloth.
And then you can water your plants with this. no need to dilute it.
Hope this helps