Hi
@Mike8623
Folks here explained things pretty well. You said the lights dim, not the TV. Does it dim also? Which part of dimming bothers you the most? Maybe this is something you just want to put up with, but read on.....
You are dealing with a power limitation issue, which can manifest its self as an observable voltage issue at the loads. The power delivered is both to the heaters, tv, lights, etc which we normally call the electrical load but also to the extension cord. The total power delivered from the outlet is P = I *V where I is the current, and V is the voltage. However the extension cord also consumes part of the power during delivering the current to the load(s). Basically the extension cord is a long resistor, R, which heats up a bit when current flows through it. This is normal, but must be designed for. As the cord is made longer, or the wire size is made smaller, the fraction of the power going to heat the cord gets larger. That is its resistance is larger. That means of course that less of the power goes to the load while more of it is going to the cord. Since all of the load current, I, travels along the cord, as well as, through the load, the fraction of the voltage being delivered to the load is less. Hence, dimming can appear as the larger load appliance changes (heater turns on and off.)
Putting safety and electrical code aside for the moment, your dimming issue may only be an inconvenience and not harmful.
I assume the heaters are just radiant resistive heaters, which if this is the case a low voltage to them will not harm them. On the other hand if there are fan motors involved a low voltage may harm them and cause them to burn out early. ( If the power company has too many users and big equipment gets switched on the voltage to your house may drop. In which case this is called a "brown out." A severe and continued brown out will kill things like motors and some electronics. i.e AC compressor motors, refrigerators, computers, displays, etc., However, most modern electronics can tolerate small or limited brown outs.)
While the extension cord in a pvc pipe is not normal, since you really only load it when it is cold outside (electrical heaters), the cord probably does not get very hot and so does not represent a fire threat. However, if you also use this in the summer, with Air conditioner motors then this is a more serious issue and you may want to/should consider getting more power service installed to the shed.....