In a medium bowl combine the oats, 1/2 cup coarsely chopped peanuts, and shredded carrots (I used a mini food processor to shred the carrots). Set this to the side.

In a small saucepan combine the peanut butter, honey, coconut oil, and cinnamon. Heat over medium heat, stirring constantly, until the peanut butter, honey, and coconut oil are combined and slightly melted.

Add the peanut butter mixture to the oats and mix until well combined. After the ingredients are combined you may want to refrigerate for 10 to 15 minutes. Roll into balls. Once you have oats mixture rolled into balls, chop the rest of the peanuts. You will want the last 1 cup of peanuts chopped quite fine. Roll the balls in the peanuts until coated.

They are ready to server. Store any leftovers in the refrigerator.