The FDS User's guide states:
6.2.3 Special Topic: Steady-State Applications
Occasionally, there are applications in which only the steady-state solution (in a time-averaged sense) is
desired. However, the time necessary to heat the walls to steady-state can make the cost of the calculation
prohibitive. In these situations, if you specify a TIME_SHRINK_FACTOR of, say, 10, the specific heats of
the various materials is reduced by a factor of 10, speeding up the heating of these materials roughly by 10.
TIME_SHRINK_FACTOR doesn't make the entire simulation faster, it just lets solid materials heat up faster which means that if you have a scenario where you just care about steady-state results you can reduce the time it takes for a steady, in-depth, wall temperature profile to devevlop. In your case, however, you have described a scenario that is not a steady-state scenario.