1In a large bowl mix the 3 cereals and dry peanuts. Use as 1 quart microwavable bowl and microwave the chocolate chips and butter on high for approx 1 minute. Stir until smooth, if needed microwave in 30 second intervals until smooth. Pour this mixture over the cereal and peanuts until coated evenly.
Gradually stir in the malt powder until mixture is coated evenly. Stir in the remaining indgredients (mini marshmallows, chopped malted milk balls and chopped dried cherries).
2Spread the mixture on wax paper to cool. When cool break into pieces and store in an air tight container.