Heat the oil in a large pan and saute the garlic and onions until slightly soft, 2 minutes. Add the bacon and cook until slightly crispy. Add the peppers and cook until just starting to soften, 2 minutes. Add the curry powder and cook for a further 30 seconds or so. Add the rice and thyme and stir until combined. Season to taste and keep warm, covered with foil or a lid, until serving time.