Storage Solution for lace and ribbons

Some time ago I was given a wooden DMC thread box with a cut out lid and a limited edition pattern that I knew I'd never sew. The threads are long gone but I still have the box. 

I've chosen a striking pattern for the lid which I am currently stitching in DMC 115. I was hoping to have it finished yesterday but I've used a whole bobbin of thread and I have about a hundred stitches left to do, arrgh!  Now I have to get some more thread before I can finish.

My plan is to store my collection of lace and ribbons on old fashioned 'dolly' pegs in the box. I've just purchased a pack of pegs for less than two pounds and last night I wound all of my lace onto the pegs.