select one hole as center point, fixate with a pen
select another hole create a circle
V2 has holes 2.5 mm, contains a little cone on the round part. which could be used a centerpoint → have the cone face the paper and press from the other side. Then use a hole to draw a circle.
V3 has more chamfer and a hole on the other side of the cone to make it easier to find the cone.
fun Add on: select different colored pencils and then draw alternating circles.