---

**UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION**
  Washington, D.C. 20549

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2005

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE
ACTFor the transition period from _________ to _________

Commission File Number: 000-29990

SENSE TECHNOLOGIES INC.(Name of Small Business Issuer
in its charter)

|Yukon Territory                 | 90010141                  
|------------------------------- | --------------------------
|(state or other jurisdiction of | (I.R.S. Employer I.D. No.)
|incorporation or organization)  |                           

2535 N Carleton Avenue, Grand Island, Nebraska
68803(Address of principal executive offices)

(308) 381-1355Issuers telephone number

Check whether the registrant (1) filed all reports required to
  be filed by sections 13 or 15(d) of the Exchange Act during the past 12 months
  (or for such shorter period that the registrant was required to file such reports),
  and (2) has been subject to such filing requirements for the past 90 days.
  Yes [X] No [ ]

Indicate by check mark whether the registrant is a shell company
  (as defined in Rule 12b-2 of the Exchange Act). 
  YES [ ] NO [X]

The number of outstanding shares of the issuers common stock at
January 16, 2006 was 38,895,811 shares.

Transitional Small Business Disclosure Format: 
  YES [ ] NO [X]

---

SENSE TECHNOLOGIES INC.

INDEX TO FORM 10QSB

|PART I - FINANCIAL INFORMATION
|------------------------------
|                              
|                              
|                              
|                              
|                              
|                              
|                              
|PART II - OTHER INFORMATION   
|                              
|                              
|                              
|                              
|                              
|SIGNATURES                    

1

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

2

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|SENSE TECHNOLOGIES INC.     
|----------------------------
|                            
|INTERIM FINANCIAL STATEMENTS
|                            
|November 30, 2005           
|                            
|(Stated in U.S. Dollars)    
|                            
|(Unaudited)                 

F-1

---

|SENSE TECHNOLOGIES INC.                
|---------------------------------------
|INTERIM BALANCE SHEET                  
|November 30, 2005 and February 28, 2005
|(Stated in U.S. Dollars)               
|(Unaudited)                            

|                                                                               |   | November 30, |   |   | February 28 |  
|------------------------------------------------------------------------------ | - | ------------ | - | - | ----------- | -
|                                                                               |   | 2005         |   |   | 2005        |  
|ASSETS                                                                         |  
|                                                                               |   |              |   |   |             |  
|Current                                                                        |   |              |   |   |             |  
|Cash                                                                           | $ | 21,740       |   | $ | 131,313     |  
|Accounts receivable                                                            |   | 10,194       |   |   | 18,347      |  
|Inventory                                                                      |   | 880,362      |   |   | 577,285     |  
|Prepaids                                                                       |   | 44,315       |   |   | 13,392      |  
|                                                                               |   |              |   |   |             |  
|                                                                               |   | 956,611      |   |   | 740,337     |  
|Equipment and furniture                                                        |   | 57,922       |   |   | 55,027      |  
|Intangible assets                                                              |   | 162,937      |   |   | 158,350     |  
|                                                                               |   |              |   |   |             |  
|                                                                               | $ | 1,177,470    |   | $ | 953,714     |  
|                                                                               |   |              |   |   |             |  
|LIABILITIES                                                                    |  
|                                                                               |   |              |   |   |             |  
|Current                                                                        |   |              |   |   |             |  
|Accounts payable and accrued
      liabilities  Note 4                        | $ | 756,955      |   | $ | 774,551     |  
|Advances payable                                                               |   | 25,000       |   |   | 49,100      |  
|Dividends payable 
      Note 2                                               |   | 106,416      |   |   | 229,571     |  
|Convertible promissory notes payable                                           |   | 584,447      |   |   | 584,447     |  
|Current portion of license
      fee payable                                   |   | 6,250        |   |   | 60,000      |  
|Promissory note payable                                                        |   | 6,908        |   |   | 40,000      |  
|                                                                               |   |              |   |   |             |  
|                                                                               |   | 1,485,976    |   |   | 1,737,669   |  
|License fee payable                                                            |   | -            |   |   | 2,500       |  
|                                                                               |   |              |   |   |             |  
|                                                                               |   | 1,485,976    |   |   | 1,740,169   |  
|                                                                               |   |              |   |   |             |  
|STOCKHOLDERS' DEFICIENCY                                                       |  
|                                                                               |   |              |   |   |             |  
|Class A preferred shares, without par value,
      redeemable at $1 per share, |   |              |   |   |             |  
|20,000,000 shares authorized, 343,050 shares issued at November
      30,      |   |              |   |   |             |  
|2005 (February 28, 2005: 1,593,028) 
      Note 2                             |   | 343,048      |   |   | 1,593,025   |  
|Common stock, without par value, 100,000,000 shares authorized,                |   |              |   |   |             |  
|37,970,811 issued at November 30, 2005 (February
      28, 2005:               |   |              |   |   |             |  
|22,875,158)  Notes 2 and 6                                                    |   | 10,893,664   |   |   | 8,228,246   |  
|Common stock subscribed  Notes 2 and
      6                                  |   | 713,000      |   |   | 232,200     |  
|Promissory note receivable                                                     |   | (585,000     | ) |   | (585,000    | )
|Subscriptions receivable                                                       |   | (772,332     | ) |   | -           |  
|Additional paid-in capital                                                     |   | 62,529       |   |   | 62,529      |  
|Deficit                                                                        |   | (10,963,415  | ) |   | (10,317,455 | )
|                                                                               |   |              |   |   |             |  
|                                                                               |   | (308,506     | ) |   | (786,455    | )
|                                                                               |   |              |   |   |             |  
|                                                                               | $ | 1,177,470    |   | $ | 953,714     |  

SEE ACCOMPANYING NOTES

F-2

---

|SENSE TECHNOLOGIES INC.                              
|-----------------------------------------------------
|INTERIM STATEMENTS OF LOSS                           
|for the three and nine months ended November 30, 2005
|(Stated in U.S. Dollars)                             
|(Unaudited)                                          

|                                            |   | Three months ended |   |   | Nine months ended |  
|------------------------------------------- | - | ------------------ | - | - | ----------------- | -
|                                            |   | November 30,       |   |   | November 30,      |  
|                                            |   | 2005               |   |   | 2004              |  
|                                            |   |                    |   |   |                   |  
|Sales                                       | $ | 7,128              |   | $ | 6,608             |  
|Direct costs  Note 3                       |   | 44,074             |   |   | 5,184             |  
|                                            |   |                    |   |   |                   |  
|Gross margin                                |   | (36,946            | ) |   | 1,424             |  
|                                            |   |                    |   |   |                   |  
|Administrative expenses                     |   |                    |   |   |                   |  
|Advertising and
      marketing             |   | 53,275             |   |   | 17,016            |  
|Amortization                                |   | 2,765              |   |   | 1,307             |  
|Bad debts (recovered)                       |   | (9,817             | ) |   | 11,999            |  
|Consulting fees                             |   | 173,622            |   |   | 9,507             |  
|Filing fees                                 |   | 561                |   |   | 1,703             |  
|Insurance (recovered)                       |   | 13,361             |   |   | (851              | )
|Interest and bank
      charges             |   | 344                |   |   | 163               |  
|Interest on convertible promissory          |   |                    |   |   |                   |  
|notes  Note
      4                        |   | 15,447             |   |   | 15,930            |  
|Legal and accounting  Note
      4         |   | 36,488             |   |   | 5,525             |  
|Office and miscellaneous                    |   | 16,965             |   |   | 3,494             |  
|Rent                                        |   | 12,933             |   |   | 466               |  
|Shareholder information
      and printing  |   | 3,358              |   |   | 1,187             |  
|Telephone and utilities                     |   | 1,407              |   |   | 173               |  
|Transfer agent fees                         |   | 3,433              |   |   | 3,945             |  
|Travel                                      |   | 6,549              |   |   | 6,581             |  
|                                            |   |                    |   |   |                   |  
|                                            |   | 330,691            |   |   | 78,145            |  
|                                            |   |                    |   |   |                   |  
|Loss before other items                     |   | (367,637           | ) |   | (76,721           | )
|                                            |   |                    |   |   |                   |  
|Other items                                 |   |                    |   |   |                   |  
|Loan fee                                    |   | -                  |   |   | -                 |  
|Interest income  Note 4                    |   | 13,162             |   |   | 13,262            |  
|Provision for accrued
      interest        |   |                    |   |   |                   |  
|receivable  Note 4                         |   | (13,162            | ) |   | (13,162           | )
|Loss on disposition
      of capital assets |   | -                  |   |   | -                 |  
|Gain on write-off of accounts payable       |   | -                  |   |   | 19,879            |  
|                                            |   |                    |   |   |                   |  
|                                            |   | -                  |   |   | 19,979            |  
|                                            |   |                    |   |   |                   |  
|Net loss for the period                     | $ | (367,637           | ) | $ | (56,742           | )
|                                            |   |                    |   |   |                   |  
|Basic loss per share                        | $ | (0.01              | ) | $ | (0.02             | )
|                                            |   |                    |   |   |                   |  
|Weighted average number of shares           |   |                    |   |   |                   |  
|outstanding                                 |   | 35,995,666         |   |   | 7,370,332         |  

SEE ACCOMPANYING NOTES

F-3

---

|SENSE TECHNOLOGIES INC.                    
|-------------------------------------------
|INTERIM STATEMENTS OF DEFICIT              
|for the nine months ended November 30, 2005
|(Stated in U.S. Dollars)                   
|(Unaudited)                                

|                             |   | 2005        |   |   | 2004       |  
|---------------------------- | - | ----------- | - | - | ---------- | -
|Deficit, beginning of period | $ | (10,317,455 | ) | $ | (9,658,737 | )
|Dividends                    |   | (30,866     | ) |   | (119,477   | )
|Net loss for the period      |   | (615,094    | ) |   | (189,459   | )
|Deficit, end of period       | $ | (10,963,415 | ) | $ | (9,967,673 | )

SEE ACCOMPANYING NOTES

F-4

---

|SENSE TECHNOLOGIES INC.                    
|-------------------------------------------
|INTERIM STATEMENTS OF CASH FLOWS           
|for the nine months ended November 30, 2005
|(Stated in U.S. Dollars)                   
|(Unaudited)                                

|                                                   |   | 2005     |   |   | 2004     |  
|-------------------------------------------------- | - | -------- | - | - | -------- | -
|Operating Activities                               |   |          |   |   |          |  
|Net loss for the period                            | $ | (615,094 | ) | $ | (189,459 | )
|Add items not involving cash:                      |   |          |   |   |          |  
|Loss
      on disposition of capital assets        |   | -        |   |   | 3,455    |  
|Common shares issued
      for consulting services |   | 170,000  |   |   | -        |  
|Common
      shares issued for a loan fee          |   | 4,000    |   |   | -        |  
|Amortization                                       |   | 7,762    |   |   | 5,022    |  
|Changes in non-cash working
      capital balances |   |          |   |   |          |  
|related to operations:                             |   |          |   |   |          |  
|Accounts
      receivable                          |   | 8,153    |   |   | (2,947   | )
|Inventory                                          |   | (303,077 | ) |   | 5,320    |  
|Prepaids                                           |   | (30,923  | ) |   | (7,013   | )
|Accounts payable                                   |   | (17,596  | ) |   | (105,298 | )
|Advances
      payable                             |   | (24,100  | ) |   | (14,500  | )
|Licence fee payable                                |   | (56,250  | ) |   | -        |  
|Promissory
      note payable                      |   | (33,092  | ) |   | -        |  
|Dividends payable                                  |   | 30,866   |   |   | 119,477  |  
|                                                   |   |          |   |   |          |  
|Net cash used in operations                        |   | (859,351 | ) |   | (185,943 | )
|                                                   |   |          |   |   |          |  
|Investing Activities                               |   |          |   |   |          |  
|Acquisition of equipment
      and furniture       |   | (10,657  | ) |   | -        |  
|Acquisition of licence fee                         |   | -        |   |   | (20,000  | )
|Proceeds from disposition
      of capital assets  |   | -        |   |   | 7,000    |  
|Patent costs                                       |   | (4,587   | ) |   | (49      | )
|                                                   |   |          |   |   |          |  
|Net cash used in investing activities              |   | (15,244  | ) |   | (13,049  | )
|                                                   |   |          |   |   |          |  
|Financing Activities                               |   |          |   |   |          |  
|Proceeds from share subscriptions                  |   | 480,800  |   |   | 334,300  |  
|Common shares issued for cash                      |   | 352,588  |   |   | -        |  
|Dividends                                          |   | (30,866  | ) |   | (119,477 | )
|Convertible promissory notes                       |   | -        |   |   | (20      | )
|Subscriptions receivable                           |   | (37,500  | ) |   | -        |  
|                                                   |   |          |   |   |          |  
|Net cash provided by financing activities          |   | 765,022  |   |   | 214,803  |  
|                                                   |   |          |   |   |          |  
|Increase (decrease) in cash during the period      |   | (109,573 | ) |   | 15,811   |  
|                                                   |   |          |   |   |          |  
|Cash, beginning of period                          |   | 131,313  |   |   | 1,800    |  
|                                                   |   |          |   |   |          |  
|Cash, end of period                                | $ | 21,740   |   | $ | 17,611   |  

Non-cash Transactions  Note 5

SEE ACCOMPANYING NOTES

F-5

---

|SENSE TECHNOLOGIES INC.               
|--------------------------------------
|STATEMENT OF STOCKHOLDERS DEFICIENCY 
|for the period ended November 30, 2005
|(Stated in U.S. Dollars)              
|(Unaudited)                           

|                                                                                                                                                      | Common Stock | Preferred Stock |             | Promissory  | Common   |             | Preferred  |              |            
|----------------------------------------------------------------------------------------------------------------------------------------------------- | ------------ | --------------- | ----------- | ----------- | -------- | ----------- | ---------- | ------------ | -----------
|                                                                                                                                                      | Issued       |                 | Issued      |             | Paid-in  | Note        | Stock      | Subscription | Stock      
|                                                                                                                                                      | Shares       | Amount          | Shares      | Amount      | Capital  | Receivable  | Subscribed | Receivable   | Subscribed 
|                                                                                                                                                      |              |                 |             |             |          |             |            |              |            
|Balance, February 29, 2004                                                                                                                            | 13,340,522   | $ 7,599,828     | -           | $ -         | $ 62,529 | $ (585,000) | $ 51,000   | $            | $ 1,593,025
|Issuance of common stock pursuant to a
        
      private placement                    -
      at $0.05                                           | 7,940,000    | 397,000         | -           | -           | -        | -           | -          | -            | -          
|
|Pursuant to an agreement to acquire the
      
      license fee for the Scope Out mirror   - at $0.05                                                | 1,000,000    | 50,000          | -           | -           | -        | -           | -          | -            | -          
|
|
|Pursuant to agreements to settle promissory
      notes and accrued interest thereon with 
      common shares                       -
      at $0.25 | 594,636      | 148,695         | -           | -           | -        | -           | -          | -            | -          
|
|
|Premium on conversion of convertible 
      promissory note                                                                                           | -            | 32,723          | -           | -           | -        | -           | -          | -            | -          
|
|Common share subscriptions                                                                                                                            | -            | -               | -           | -           | -        | -           | 181,200    | -            | -          
|Preferred share subscriptions utilized                                                                                                                | -            | -               | 1,593,027   | 1,593,025   | -        | -           | -          | -            | (1,593,025)
|Dividends                                                                                                                                             | -            | -               | -           | -           | -        | -           | -          | -            | -          
|Net loss for the year ended February 28,
      2005                                                                                                   | -            |                 | -           | -           | -        | -           | -          | -            | -          
|
|                                                                                                                                                      |              |                 |             |             |          |             |            |              |            
|Balance, February 28, 2005                                                                                                                            | 22,875,158   | 8,228,246       | 1,593,027   | 1,593,025   | 62,529   | (585,000)   | 232,200    | -            | -          
|                                                                                                                                                      |              |                 |             |             |          |             |            |              |            
|Pursuant to agreements to convert
      preferred shares thereon into common shares                                              -
      at $0.29     | 4,310,085    | 1,249,977       | (1,249,977) | (1,249,977) | -        | -           | -          | -            | -          
|
|
|Common share subscriptions pursuant to
      
      the conversion of preferred   
      share dividends                     
      - at $0.13        | 1,184,767    | 154,021         | -           | -           | -        | -           | -          | -            | -          
|
|
|Pursuant to exercise of warrants - at $0.15                                                                                                           | 430,000      | 64,500          | -           | -           | -        | -           | -          | (7,500)      | -          
|Pursuant to an agreement to issue shares
      for a loan fee                          -
      at $0.05                                               | 80,000       | 4,000           | -           | -           | -        | -           | -          | -            | -          
|
|Pursuant to consulting services - at $0.20                                                                                                            | 25,000       | 5,000           | -           | -           | -        | -           | -          | -            | -          
|- at $0.33                                                                                                                                            | 500,000      | 165,000         | -           | -           | -        | -           | -          | -            | -          
|Pursuant to a private placement - at $0.15                                                                                                            | 200,001      | 30,000          | -           | -           | -        | -           | -          | -            | -          
|- at $0.24                                                                                                                                            | 3,061,800    | 734,852         | -           | -           | -        | -           | -          | (734,832)    | -          
|Pursuant to a private placement - at $0.05                                                                                                            | 5,304,000    | 265,200         | -           | -           | -        | -           | (211,200)  | (30,000)     | -          
|Less: issue costs                                                                                                                                     | -            | (7,112)         | -           | -           | -        | -           | -          | -            | -          
|Dividends                                                                                                                                             | -            | -               | -           | -           | -        | -           | -          | -            | -          
|Common share subscriptions                                                                                                                            | -            | -               | -           | -           | -        | -           | 692,000    | -            | -          
|Net loss for the period                                                                                                                               | -            |                 | -           | -           | -        | -           | -          | -            | -          
|                                                                                                                                                      |              |                 |             |             |          |             |            |              |            
|Balance, November 30, 2005                                                                                                                            | 37,970,811   | $ 10,893,664    | 343,050     | $ 343,048   | $ 62,529 | $ (585,000) | $ 713,000  | $ (772,332)  | $ -        

SEE ACCOMPANYING NOTES

F-6

---

|SENSE TECHNOLOGIES INC.                  
|-----------------------------------------
|NOTES TO THE INTERIM FINANCIAL STATEMENTS
|November 30, 2005                        
|(Stated in U.S. Dollars)                 
|(Unaudited)                              

|Note 1 | Interim Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | While the information presented in the
      accompanying nine months to November 30, 2005 financial statements is unaudited,
      it includes all adjustments which are, in the opinion of management, necessary
      to present fairly the financial position, results of operations and cash
      flows for the interim period presented in accordance with accounting principles
      generally accepted in the United States of America. In the opinion of management,
      all adjustments considered necessary for a fair presentation of the results
      of operations and financial position have been included and all such adjustments
      are of a normal recurring nature. It is suggested that these interim unaudited
      financial statements be read in conjunction with the Companys audited
      financial statements for the year ended February 28, 2005.
|
|
|
|
|
|
|
|
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | Operating results for the nine months
      ended November 30, 2005 are not necessarily indicative of the results that
      can be expected for the year ending February 28, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Note 2 | Common Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | At November 30, 2005, there are 5,970,190
      performance shares held in escrow by the Companys transfer agent.
      Included in this amount are 3,250,000 escrow shares to be earned out on
      the basis of one share for each $0.50 of cash flow generated by the Company.
      Once these shares are earned out, the remaining 2,720,190 escrow shares
      are to be earned out for each $5.00 of cash flow generated by the Company.
      The release of these shares is subject to the direction or determination
      of the relevant regulatory authorities.                                                                                                                                                                                                                                                                                                            
|
|
|
|
|
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | Stock-based Compensation Plan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       | The Company has granted employees and
      directors common share purchase options. These options were granted with
      an exercise price equal to the market price of the Companys stock
      on the date of the grant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|
|

November 30, 2005
      November 30, 2004Weighted
      
      WeightedAverage
      
      AverageExercise
      
      ExerciseShares
      Price
      Shares
      PriceOutstanding and exercisable atbeginning of period
      1,200,000
      $1.53
      1,215,000
      $1.52Granted
      -
      -
      -
      -Expired
      (325,000)
      $1.03
      (15,000)
      $1.03Outstanding and exercisable at end ofthe period
      875,000
      $1.72
      1,200,000
      $1.53 F-7


---

|Sense Technologies Inc.                  
|-----------------------------------------
|Notes to the Interim Financial Statements
|November 30, 2005                        
|(Stated in U.S. Dollars)  Page 2        
|(Unaudited)                              

|Note 2 | Common Stock (contd)
|------ | ----------------------
|       |                       
|       | b)                    
|       |                       
|       |                       
|
|

| | Number  | Exercise Price | Expiry Date        | 
| | ------- | -------------- | ------------------ | 
| |         |                |                    | 
| | 25,000  | $1.03          | January 8, 2006    | 
| | 25,000  | $1.03          | March 22, 2006     | 
| | 450,000 | $2.30          | December 18, 2006  | 
| | 50,000  | $2.30          | January 10, 2007   | 
| | 100,000 | $0.75          | September 26, 2007 | 
| | 200,000 | $1.00          | February 1, 2008   | 
| | 25,000  | $1.00          | March 14, 2008     | 
| |         |                |                    | 
| | 875,000 |                |                    | 

| | Common Share Purchase Warrants                                                                                                                                                 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                
| | At November 30, 2005, the Company had 13,734,000
      share purchase warrants outstanding. Each warrant entitles the holder the
      right to purchase one common as follows:
|

| | Number     | Exercise Price | Expiry Date      | 
| | ---------- | -------------- | ---------------- | 
| |            |                |                  | 
| | 8,430,000  | $0.15          | July 26, 2006    | 
| | 5,304,000  | $0.15          | November 4, 2006 | 
| |            |                |                  | 
| | 13,734,000 |                |                  | 

| | Common Stock Subscribed                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | As at November 30, 2005, the Company has received
      $206,000 in respect of private placements of 140,000 common shares at $0.15
      per share and 925,000 common shares at $0.20 per share and $507,000 in respect
      of 3,380,000 common shares at $0.15 per share pursuant to the exercise of
      warrants. As at November 30, 2005, these shares had not been issued.                                                                                                                                                                                                                                       
|
|
|
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | Preferred Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | During the period ended November 30, 2005, the Company
      entered into agreements with holders of its Class A preferred shares to
      convert 1,249,977 preferred shares valued at $1,249,977 into common shares
      of the Company at a rate of 3.448 common shares for each preferred share
      held for a total of 4,310,085 common shares. The Company also received subscription
      agreements to convert $154,021 of accrued preferred share dividends payable
      at a rate of 7.692 common shares for each $1 of accrued dividends payable
      outstanding for a total of 1,184,767 common shares.
|
|
|
|
|
|

F-8

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|Sense Technologies Inc.                  
|-----------------------------------------
|Notes to the Interim Financial Statements
|November 30, 2005                        
|(Stated in U.S. Dollars)  Page 3        
|(Unaudited)                              

|Note 3 | Direct Costs
|------ | ------------

| |                        |   | Three months ended |  |   | Nine months ended | 
| | ---------------------- | - | ------------------ |  | - | ----------------- | 
| |                        |   | November 30,       |  |   | November 30,      | 
| |                        |   | 2005               |  |   | 2004              | 
| |                        |   |                    |  |   |                   | 
| | Manufacturing expenses | $ | -                  |  | $ | 2,460             | 
| | Cost of sales          |   | 1,347              |  |   | 2,724             | 
| | Research and           |   |                    |  |   |                   | 
| | development - Note 4   |   | 42,727             |  |   | -                 | 
| | Royalties - Note 4     |   | -                  |  |   | -                 | 
| |                        |   |                    |  |   |                   | 
| |                        | $ | 44,074             |  | $ | 5,184             | 

|Note 4 | Related Party Transactions                                                                                                       
|------ | ---------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                  
|       | The Company incurred the following items with directors,
      shareholders and companies with common directors and shareholders:
|

| |                                |   | Three months ended |   |   | Nine months ended |  
| | ------------------------------ | - | ------------------ | - | - | ----------------- | -
| |                                |   | November 30,       |   |   | November 30,      |  
| |                                |   | 2005               |   |   | 2004              |  
| |                                |   |                    |   |   |                   |  
| | Interest on long - term debt   | $ | -                  |   | $ | 2,062             |  
| | Legal and accounting           | $ | 13,220             |   | $ | -                 |  
| | Interest income                | $ | (13,163            | ) | $ | (13,163           | )
| | Provision for accrued interest |   |                    |   |   |                   |  
| | receivable                     | $ | 13,163             |   | $ | 13,163            |  
| | Research and development       | $ | 35,000             |   | $ | -                 |  
| | Royalty expense                | $ | -                  |   | $ | 546               |  

| | The above noted items were measured by the exchange amount
        which is the amount agreed upon by the transacting parties.
      As at November 30, 2005, included in accounts payable is
        $Nil (February 28, 2005: $3,330) owing to an accounting firm in which
        a director of the Company is a partner and a shareholder with respect
        to unpaid fees and expenses, $480,000 (February 28, 2005: $480,000) owing
        to shareholders of the Company in respect of royalties payable and $50,992
        (February 28, 2005: $50,992) owing to the former president of the Company
        in respect of unpaid wages.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

F-9

---

|Sense Technologies Inc.                  
|-----------------------------------------
|Notes to the Interim Financial Statements
|November 30, 2005                        
|(Stated in U.S. Dollars)  Page 4        
|(Unaudited)                              

|Note 5 | Non-cash Transactions                                                                                                                                                                                                                            
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                  
|       | Investing and financing activities that
      do not have a direct impact on current cash flows are excluded from the
      statements of cash flows. The following transactions were excluded from
      the statements of cash flows:          
|
|
|       |                                                                                                                                                                                                                                                  
|       | During the period ended November 30, 2005, the Company:                                                                                                                                                                                          
|       |                                                                                                                                                                                                                                                  
|       | i)                                                                                                                                                                                                                                               
|
|       |                                                                                                                                                                                                                                                  
|       | ii)                                                                                                                                                                                                                                              
|
|       |                                                                                                                                                                                                                                                  
|       | iii)                                                                                                                                                                                                                                             
|
|       |                                                                                                                                                                                                                                                  
|Note 6 | Subsequent Event                                                                                                                                                                                                                                 
|       |                                                                                                                                                                                                                                                  
|       | Subsequent to November 30, 2005, the Company
      issued 925,000 common shares at $0.20 per common share for total proceeds
      of $185,000 pursuant to a private placement included in common stock subscribed
      as of November 30, 2005.
|
|

F-10

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Item 2. Managements Discussion and Analysis or Plan of
Operation

The following discussion and analysis should be read in
conjunction with our Financial Statements and Notes thereto for the period ended
November 30, 2005 and November 30, 2004.

Overview of Operations

Sense holds a license to manufacture, distribute, market and
sublicense world-wide, a patented technology which is used to produce the
Guardian Alert® backing awareness system for motor vehicles utilizing microwave
radar technology. Sense also holds the worldwide rights to market and sell the
ScopeOut® product. ScopeOut® is a system of specially-designed mirrors which are
placed at specific points on automobiles, trucks, sport utility vehicles or
commercial vehicles to offer drivers a more complete view behind the vehicle.
Drivers using the product are able to have increased visibility when backing out
of parking spaces or garages, and have additional protection from blind spots
during lane changes in traffic. ScopeOut® is being marketed to dealerships,
department stores and other retailers as an after-market automotive safety
product. Both products are available on-line at www.sensetech.com.

Manufacturing of both products is outsourced. The Company has
established relationships with multiple large dealership groups and aftermarket
product distributors.

Results of Operations

For the period ended November 30, 2005 as compared to the
period ended November 30, 2004.

Sales for the period ended November 30, 2005 were $22,759, an
44 percent decrease over the period ended November 30, 2004. The Companys
attention is currently being focused on the ScopeOut® product line rollout.

Direct costs were $55,612, a 144 percent increase over the
period ended November 30, 2004, which includes $48,475 of expensed research and
development costs. Without such costs, direct costs would have been $7,137, or a
69 percent decrease from the period ended November 30, 2004. The Company
realized a negative gross margin contribution of $32,853, including the research
and development costs.

General and administrative expenses were $578,241 for the
period ended November 30, 2005 as compared to $223,516 for the period ended
November 30, 2004. The increase was primarily attributable to an increase in
consulting fees and advertising and marketing costs associated with the planned
ScopeOut® product line rollout, along with legal fees associated with capital
financing activities.

Liquidity and Capital Resources

At November 30, 2005, the Company had cash and cash equivalents
on hand of $21,740 compared to $17,611 at November 30, 2004. During the period
ended November 30, 2005, the Company funded operations using existing cash
balances, cash flow from operations, and by raising money through the issuance
of Common Stock.

At November 30, 2005, we had a working capital deficit of
$529,365 compared to a working capital deficit of $1,015,283 at November 30,
2004. The decrease in working capital deficit is largely due to financing
activities results and the increase in ScopeOut® product line inventories.

We have not invested in derivative securities or any other financial
  instruments that involve a high level of complexity or risk.

3

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Item 3. Controls and Procedures

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

The Companys management, with the participation of the
Companys Chief Executive Officer, who is also acting in the capacity as
principal accounting officer, has evaluated the effectiveness of the Companys
disclosure controls and procedures as of November 30, 2005. Based on this
evaluation, the Companys Chief Executive Officer concluded that the Companys
disclosure controls and procedures are effective for gathering, analyzing and
disclosing the information the Company is required to disclose in the reports it
files under the Securities Exchange Act of 1934, within the time periods
specified in the SECs rules and forms. Such evaluation did not identify any
change in the Companys internal control over financial reporting that occurred
during the quarter ended November 30, 2005 that has materially affected or is
reasonably likely to materially affect the Companys internal control over
financial reporting.

PART II- OTHER INFORMATION

Item 6. Exhibits

|(a) | Exhibit 31.1  CertificationExhibit 32.1  Certification                         
|--- | ---------------------------------------------------------------------------------
|    |                                                                                  
|(b) | No reports on form 8-K were filed during the period
      covered by this report.

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

|Date: January 19, 2006 | SENSE TECHNOLOGIES INC.           
|---------------------- | ----------------------------------
|                       | (Registrant)                      
|                       |                                   
|                       | By: /s/ Bruce Schreiner___________
|                       | Bruce Schreiner, President        

4

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