Preheat your oven to 350°F (180°C). Line a cake pan with parchment paper or grease and flour it.
In a large bowl, whisk together the flour, baking powder, and shredded coconut.
In another bowl, cream together the butter and sugar until light and fluffy. Beat in the eggs one at a time, mixing until smooth.
Stir the coconut milk into the egg mixture, then gradually add the dry ingredients, mixing until just combined. Do not overmix.
Pour the batter into the prepared cake pan and bake for 30-35 minutes, or until a wooden skewer inserted into the center comes out clean. Let cool completely.
In a chilled bowl, whip the heavy cream until stiff peaks form. Gently fold in the powdered sugar.
Frost the top and sides of the cooled cake with the whipped cream. Sprinkle with shredded coconut for decoration.
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