Heat the extra virgin olive oil in a paella pan or wide skillet over medium heat.
Add the diced yellow onion and red bell pepper, sautéing until the vegetables are softened and translucent.
Stir in the minced garlic, smoked paprika, sea salt, and black pepper, cooking for one minute until fragrant.
Add the Bomba rice and tomato puree to the pan, stirring for two minutes to lightly toast the rice grains.
Pour in the seafood broth and sprinkle the saffron threads over the mixture, bringing it to a gentle simmer.
Arrange the shrimp, mussels, and frozen peas evenly across the top of the rice without stirring.
Reduce heat to low, cover the pan, and cook for 12 to 15 minutes until the liquid is absorbed and the mussels have opened.
Remove from heat and let the paella rest for 5 minutes before serving with a fresh lemon wedge.