That's frustrating.
Wool can be composted but I'm wondering if maybe the pad can have a second life before it makes it's way to the
compost pile.
Give it a good wash with soap and lots of vinegar, then put it in bright sunlight for a few days. Give it another wash, repeat with the sun, flip it every other day to make sure it has even exposure. You might need to do this a couple more times to kill all the mold. Having it moist (either from the wash or the dew) while in the sun, helps to create hydrogen peroxide, a natural bleach (in that it makes things white, not bleach like Clorox) which kills mould and mildew. This is wet plus sun is a traditional method for bleaching
linen.
Now that it's clean, can we cut it up for cleaning rags? If there's no plastic in it, it might make the start of a good blanket. It depends on what your sewing skills are, but I suspect there are lots of ways to upcycle this. I have an old, beaten up quilt, I've been thinking of
covering with boro made from old clothes.
or for a more traditional look
There are some steps you can take to prevent your next topper from going mouldy. Natural bedding takes different care than the synthetic stuff many of us grew up with. You probably already know this, but I'm going to write it anyway in case some of the readers don't.
Give the bed a chance to breathe each day - in the morning, DO NOT make your bed. Instead, fold the covers and sheets neatly at the foot of the bed. If you must make your bed, do it a couple of hours after you get up. When I first got my wool mattress, I thought this was the weirdest thing, until I remembered that just about all traditional cultures (including Europeans) let their beds breath at the start of the day. This can expand a natural matress life from maybe 20 years to over 100.
Sunlight is your friend. In theory, I'm supposed to put my mattress and topper in the sun about four times a year. I only do it twice. The sun purifies any mold or mildew that might be thinking of growing and reduces the number of bed mites that could live in the mattress or topper.
Another thing I don't do enough but would extend the life of my mattress and topper is to wash my sheets at least once a week.