You can use SIN & COS to create/draw circles.
Please beware that the circle's center is also your base point (0,0). So without specifying an offset, some coordinates will be negative.
<?php
$circleRadius = 70;
$offsetX = 100;
$offsetY = 100;
for($i = 0; $i <= 360; ++$i) {
$x = round(cos($i * M_PI / 180) * $circleRadius);
$y = round(sin($i * M_PI / 180) * $circleRadius);
// Draw some pixel, or do something else here.
imagesetpixel($GDimage, $x + $offsetX, $y + $offsetY, $GDcolor);
}
?>