Step 1
Create a 500x500 image (Crtl+n)

Step 2
Select your colors to be 767676 and ff0000

Step 3
Go to Filter > Render > Clouds

Step 4
Switch your colors and repeat step 3

Step 5
Go to Filter> Distort > Polar Coordinates
Settings: Rectangular to Polar

Step 6
Go to Filter > Distort > Twirl
Settings: 457

Step 7
ZigZag Defualt

Step 8
Go to Filter > Glass
Settings: Glass
Distortion 10
Smoothness 3
Texture Blocks
Scaling 100%
Check Invert

Step 9
Go to Filter> Spherize
Settings
Amount 100
Normal

[/B]Step 10[/B]
Image > Adjustments> Auto Color

Step 11
Go to Edit > Hue/Saturation
And I’d say have
Hue 109
Saturation +18
Lightness 0

Step 12
Create New Layer

Step 13
Set this Layer Mode to Color Burn

Step 14
Defualt(D) colours and Render Clouds

Step 15
Go to orignal layer and apply Color Balance

Shadows 0 0 -100
Midtones -100 0 0
Highlights +100 0 -100

.: Final :.