In a microwave safe bowl, combine the mozzarella and cream cheeses. Heat at 30 second intervals until completely melted, and stir to combine.
Add the cheese dough to a mixing bowl with 2 Tbsp almond flour, 2 Tbsp Swerve confectioners sugar substitute, 2 Tbsp cocoa powder and ½ tsp baking powder. Knead with your hands until completely combined.
Place the vanilla and egg in the mixing bowl with the dough, and beat until a smooth batter has formed.
Put ⅓ of the batter into the mini waffle maker, and cook for 3-5 minutes until your desired level of doneness has been reached.
Repeat step 5 with the remaining ⅔ of the batter to create 3 chaffles total.
Add the ingredients for the filling to a mixing bowl, and beat until well combined.
Layer the chaffles with the filling in between, and top with a drizzle of chocolate and caramel sauces. You can add some additional chopped peanuts on top as well if desired.
One serving is a chaffle topped with ⅓ of the filling. These servings are quite large, so you can cut them in half for a snack size that has just 3.5 net carbs each if you wish.
Net Carbs: 7 net carbs per serving (Can be cut in half for a snack size and less carbs)