Mix milk and juice. Mix 5 tablespoons of this with pudding powder and sugar until smooth. Bring mango milk to the boil, stir in the pudding powder and bring to the boil again briefly
Pour the pudding into 4 Savarin or dessert moulds (each containing approx. 150 ml) and chill for at least 4 hours, or better overnight
Drain the peaches and cut into thin slices. Mix pistachios and grated coconut. Remove the pudding from the edge of the mould with a knife. Turn out onto 4 dessert plates and sprinkle with the pistachio-coconut mixture. Arrange peaches around it. Decorate with cocktail cherries if desired