Remove saucepan from heat and add the cocoa, powdered sugar, milk and peanut butter and stir until combined.

Scoop mixture onto a sheet of waxed paper.

Fold the wax paper over the mixture and smooth out to make a rectangle. Smooth out by running your hand over the mixture or use a rolling pin to shape it into a rectangle. Smooth until your get your desired size. Don't smooth out too thin.

Fold the remaining waxed paper around the rectangle and refrigerate for 20 minutes.

Remove from the fridge and slice fudge into desired size portions.

*Optional add festive sprinkles to reflect the occasion.