I am thinking that if you can't do heat shrink it might be better to tie it up with some lace and put liquid rubber on it.
I strongly suggest not to make a habbit out of this, because heat shrink can burst. I saw it once, the heat shrink split like a ripe banana and fell off!!!! It can literately split open if you mess with it too much!

and it did not happen immediately, it looked great, and a while later I see it is burst.
and this was 3m brand from DK
Now I always consider what can happen if it bursts. If I have to do anything I will cut it off and put a new one, even if it means work
I think people over estimate its reliability