Soak oats: Warm the milk and pour over the rolled oats, then leave to soften for a few minutes.
Whisk liquids: Beat eggs with honey and olive oil until smooth and slightly frothy.
Combine base: Mix the egg mixture into the softened oats until evenly combined.
Add flavourings: Stir in baking powder, ground cinnamon and vanilla extract.
Fold in nuts: Add the chopped walnuts and fold gently through the batter.
Prepare basket: Line the air fryer basket with parchment paper and lightly grease with neutral oil.
Fill and top: Pour the batter into the basket, smooth the surface and sprinkle poppy seeds on top if using.
Bake: Cook in the air fryer at 170∘C (340°F) for about 12 minutes until set and lightly golden.
Cool: Let the cake cool briefly in the basket, then lift out and cool further on a rack or plate.
Serve: Cut into four portions and enjoy plain or with honey, yoghurt or fruit.