In a large frying pan over a medium heat, add the coconut and cook until lightly toasted. You can do this process in the oven on a baking tray but don't go far from the oven as it will go from 'not-ready' to 'burnt to a crisp' within 3.5 seconds.
Add the toasted coconut to a food processor or high speed blender and blend until smooth and creamy. Transfer to a clean jar and store in the cupboard for up to 3 months.