You may want to specify a description (FormatFloat LiveBindings method) for your package in the Project Options dialog of the IDE. Build your package by clicking on the Project | Build FormatFloatPackage option in the main menu and install it (the IDE is a Win32 application, so that's your target platform).
Now, your new FormatFloat method will be available at design time (since the IDE will load your package, which will trigger the call for initializing/finalizing the code section of our Methods.FormatFloat unit. Once this happens, the method gets registered in the system).