Yes it should Kyle. The stuff I managed to get out last year broke down over the winter into a fine dark compost that looked almost like tea leaves. My wife wants me to build some raised beds to grow vegetables next year, so it will be put to good use in them.
I got a surprise in the post. My form to get a "CEFAS" registration has been accepted without any questions and I now have an embossed document containing my very own magic number. This document officially declares the pond to be a "fishery" (even though it has no fish, but please don't tell them that, or I will be going round in circles for months to come). With this magic number, I can now fill in a second lot of forms to be able to finally buy some fish.
Those of you able to go out and just buy a few buckets of fish must think England is a crazy place. Yep.